THE REAL ESTATE sector has requested the government to pay greater attention to the expansion of rental housing and provide higher tax benefit on home loans, in a pre-Budget consultation with the finance minister on Monday.
“Until now we are only talking about ownership housing but a focus needs to be given to rental housing as well,” managing director of Hiranandani Group and chairman of the National Real Estate Development Council, Niranjan Hiranandani, said after the meeting.
In the last Budget, finance minister Nirmala Sitharaman had announced that rental housing with dormitory-type accommodation for industrial workers would be facilitated in the public-private partnership mode with viability gap funding support and commitment from anchor industries.
“So our idea is that we need to expand it to other people,” he said, adding that even in the richest country in the world, the United States, 50% of the people live in rental housing.
Esta historia es de la edición January 07, 2025 de Financial Express Kolkata.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 07, 2025 de Financial Express Kolkata.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Trump's $500-billion AI odyssey
● Stargate signals US intent to lead the global AI race
Rupee rises 23 paise to 86.33, bias negative
THE RUPEE APPRECIATED 23 paise to close at 86.33 against the US dollar on Wednesday, supported by positive domestic equities and softening of the dollar index.
Race for AI dominance
Stargate is part of US-China tech battle, but India should also look at foundational AI development
Court Acquits Khaleda Zia in 10-Year-Old Sabotage Case
A court in Bangladesh acquitted BNP Chairperson and former prime minister Khaleda Zia on Wednesday in a sabotage case filed in the southeastern Cumilla district 10 years ago.
IT Shares Drive Sensex, Nifty
● Sell-off in broader markets continues, mid- and small-cap indices plunge
Slow growth in foldable phones demand: Oppo
CHINESE SMARTPHONE MAKER Oppo said the company is not keen on launching foldable phones in India presently as the demand is yet to pick up for the product segment across the industry.
India's 'year of reforms' in defence
A close engagement between the private industry and govt is critical to achieve a robust policy along with adequate budgetary allocations in 2025
Bad loans weigh on HDFC...
The private lender witnessed a marginal growth in loans as its gross advances rose 3% on the year to ₹25.43 lakh crore
J&J Tops Q4 Profit Estimates on Cancer Drug Sales
JOHNSON & JOHNSON (J&J) notched higher-than-expected fourth-quarter earnings on strong sales of its cancer medicines that helped offset the fade of an older blockbuster.
Let there be truce: Realtors to Lodhas
PROMINENT REAL ESTATE developers and brand experts have called for an amicable resolution to the legal dispute between the Lodha brothers, Abhishek and Abhinandan, regarding the use of their family name in business.
