For taxpayers who have an on-going home loan, the interest paid on such loans helps them lower tax liability in the existing income tax structure. However, under the new income tax regime proposed in Budget 2020, the interest paid on housing loan is not available for deduction for self-occupied houses. […]
3 Projects Will be Developed By Goa Housing Board in Joint Venture
Goa Housing Board (GHB) has decided to develop three projects through private investment at Colvale, Davorlim and Xeldem. In all, 100 plots and 100 flats will be developed. “We will develop three properties through a joint venture project,” chairman GHB Subhash Shirodkar told TOI. Modalities about sharing the plots and […]
Building Rules Witness Amendments To Promote Affordable Housing in Chennai
Subsidy under PMAY and 1% GST will help more people get houses Amendments made to the Tamil Nadu Combined Development and Building Rules last week are expected to boost affordable housing in the city. P.S.J. Palanirajan, president, Greater Chennai Corporation Licensed Surveyors’ Association (GCCLSA), said the area for affordable housing […]
Budgeting For Distant Future
The union Budget announced on February 1 dampened the high expectations of the real-estate sector, which has been reeling under liquidity challenges caused by the NBFC crisis. However, while developers and realty consultants feel there were no quick fixes offered to help the industry recover at the moment, there were […]