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How The Pradhan Mantri Awas Yojana (PMAY) 2023 Will Help Prospective Homebuyers
How The Pradhan Mantri Awas Yojana (PMAY) 2023 Will Help Prospective Homebuyers
Incremental PMAY allocation of up to 79,000 crore will give momentum to affordable housing and assist a wide range of homebuyers. It is anticipated that this allotted amount will address more than 55 percent of the estimated deficit in funds for projects that fall under the scheme.
a year ago
5 min read
Here is How Budget 2023 makes Real Estate Affordable For Middle Class
Here is How Budget 2023 makes Real Estate Affordable For Middle Class
Since the last eight years, income tax slabs have not changed, so homebuyers had expected a considerable relaxation of tax benefits in home loans. Also, the recent rise in interest rates following an increase in repo rates by the Reserve Bank of India had also forced many to put a lid on their property buying decisions. In order to increase middle-class buying power, FM in the Union Budget said the income tax rebate threshold has been increased from Rs 5 lakhs to Rs 7 lakhs.
a year ago
3 min read
Budget 2023: What Are Homebuyers Expecting?
Budget 2023: What Are Homebuyers Expecting?
The first important event that every Indian looks forward to at the start of every year is the Union Budget. Investing in real estate through the purchase of a home or in any other form has plenty of benefits like that of long term wealth creation, security as well as getting you tax benefits. Union Budget 2023 will be announced on February 1 by Finance Minister Nirmala Sitharaman.
a year ago
3 min read
PM Modi To Inaugurate Two New Mumbai Metro Lines Today; Commuters Can Use Them From January 20
PM Modi To Inaugurate Two New Mumbai Metro Lines Today; Commuters Can Use Them From January 20
Because of better connectivity and facilities, as well as reduced travel time on the roads, the Mumbai Metro has, up to this point, had a favorable influence on property prices in Mumbai. Experts in real estate believe that the metro will continue to impact real estate price trends in a variety of neighborhoods throughout Mumbai, as well as on the city's overall property pricing.
a year ago
2 min read
Real Estate 2023: An Outlook
Real Estate 2023: An Outlook
In the big picture of the Indian economy through 2023, there are only good signs: an overall growth of 8 to 9 percent, an expected rise in the number of jobs created, and a rebound from the recent drop in the stock market. All of these things would eventually lead to more people entering the housing market, which is very important for the health of the real estate economy.
a year ago
2 min read
Repo Rate At Highest Level Since 2018 Post Latest RBI Hike
Repo Rate At Highest Level Since 2018 Post Latest RBI Hike
Repo rates are the interest rates charged by the Reserve Bank of India to commercial banks when borrowing money. Banks' borrowing costs are increased if the central bank increases the repo rate. The hike is the fifth consecutive one for this financial year. Earlier, the RBI had raised the rate by 40 basis points in May and by 50 basis points in June, August and September respectively.
2 years ago
1 min read
The Samriddhi Scheme - All You Need to Know
The Samriddhi Scheme - All You Need to Know
Residential property owners will be able to pay only the current and preceding five years' principal property tax under the SAMRIDDHI 2022-23 scheme. Commercial property owners, according to an official statement, can pay the principal amount for the last six years and receive a waiver on past pending dues, including penalties and interest.
2 years ago
3 min read
Rate Hike Has No Substantial Impact On House Loan Demand As Per RBI
Rate Hike Has No Substantial Impact On House Loan Demand As Per RBI
Experts say that interest rates are important, but that doesn't stop people from buying a home because the decision is based on the buyer's current income and long-term plans.
2 years ago
2 min read
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