Real Estate news

Threshold amounts for tax deduction will be increased for better clarity and uniformity," Finance Minister Nirmala Sitharaman said in her Budget speech.

Budget For Real Estate Sector: FM Sitharaman, in her budget speech, announced the SWAMIH Fund-2 following the success of the first fund. Under the SWAMIH Fund-1, the finance minister highlighted that 50,000 dwelling units in stressed housing projects have been completed and keys have been handed over to homebuyers. 

Increasingly, those living in Tier-I cities are seeking refuge from the chaos, either by retreating to the hills or returning to Tier-II cities for a better quality of life.

On average, property prices along the expressway increased from Rs. 11,240 per square foot in March 2024 to Rs. 13,023 in September 2024, said the report.

In February 2023, DTCP halted the policy and formed an expert committee to assess whether S+4 construction should be permitted in Gurgaon. 

In the Finance Bill, Sitharaman proposed a flat long-term capital gains tax of 12.5 percent with no indexation benefits. 

A partnership firm by the name of M/s M3M India Holdings having partners namely Roop Kumar Bansal, Basant Bansal, Abha Bansal and Pankaj Bansal had received proceeds of crime in excess of Rs 500 crore, said the ED.

As per a report from ResearchAndMarkets.com, the worldwide retirement communities market reached $189.3 billion in 2020, projected to reach $285.1 billion by 2025, and further increase to $374.7 billion by 2030.

 In the first half of 2023, 59,563 units of mid-segment homes and 47,130 units of premium homes were sold, showcasing substantial growth compared to the previous year.

The company even helps buyers arrange for upto 100% loans for their chosen properties, usually ranging between 1BHK and 3 BHK. Their properties means affordability and that is what drives their business too. In fact, each year, Kamal Associates successfully deliver 500-700 units to their clients.