Property Profits

29/09/2022

10/09/2014

HUDA Launches
Affordable Group Housing with
FLORIDAA Group at Sec-82, Faridabad
Next 2 GRANDEURA.
2 BHK Flat @ 20 lac.
Booking Amount-1 lac.
Call-9266303030.
Simran Arora

31/08/2014

Dear Sir/Madam,

By HUDA Govt Project :-
Auric Group has come up with affordable group housing at sector-86 opposite Bptp Park Granduera . 2 bhk flat @ 19,82,00 lac. (app). 1 Lac Cheque for booking and draw within 3 month and if Application not successful refund 1 lac after one month of draw.

For Booking, Contact :
PROPERTY PROFITS

9266303030
SIMRAN

13/08/2014

09/08/2014

Slow n steady....but growing

16/07/2014

Rural Ministry suggests industry-friendly changes in Land Act
Rural Ministry suggests industry-friendly changes in Land ActNew Delhi: The Rural Development Ministry has suggested a number of amendments to the Land Acquisition Act which would water down pro-farmer provisions like mandatory consent of at least 70 percent locals for acquiring land for PPP projects and 80 percent for acquiring land for private projects.
The Land Acquisition Act enacted during the UPA government is likely to go undergo drastic changes if Prime Minister Narendra Modi gives nod for Rural Development Ministry's proposals which also include dilution of a key clause of Social Impact Assessment study criticised by states as time consuming for industrialisation process.
"The Consent Clause (Section 2(2)) should be re-examined as ownership of land vests with the Government in PPP projects. The consent clause should be removed from PPP projects. Alternatively, consent requirement may be brought down to 50 percent," says the Ministry in its note sent to the PMO.
It says that "mandatory Social Impact Assessment study should be done away with. SIA should be confined to large projects/PPP Projects as it may delay acquisition process."
It has also suggested amendment to another key provision on acquisition of "multi-cropped irrigated land".
"The provision to safeguard food security (Section 10) by development of culturable wastelands in lieu of acquisition of multi-cropped irrigated land needs to be amended as States like Delhi, Goa, Himachal Pradesh and Uttarakhand do not have any wasteland for the purpose," it says.
The Ministry's suggestions for drastic changes in the Act came after most of the states recently came out openly against the new Act, complaining that it had hurt the process of acquiring land for infrastructure projects.
They have demanded "drastic changes" in certain provisions of the law.
At a meeting of State Revenue Ministers here chaired by Union Rural Development Minister Nitin Gadkari, the states including Congress-ruled Haryana objected to provisions for mandatory consent and Social Impact Assessment study, which are made mandatory in all land acquisitions.

16/07/2014

Budget 2014: Realtors' Body Seeks Tax Sops on Affordable Homes
PSU General Insurers to Meet Finance Ministry on Rural Infra Fund on July 16 Centre Confident of Consensus With States on GST: Revenue Secretary
Some Relief Likely for Investors in Debt Mutual Funds
New Delhi: The Confederation of Real Estate Developers Association of India (Credai) has sought tax incentives on development of affordable housing projects and interest rate reduction on home loans to below 7 per cent in its budget wish list to boost growth in the sector.
Single-window clearance for the real estate projects and industry status to the sector were some other demands made by the realtors body.
"Allow Tax (direct and indirect) concessions for affordable housing projects," CREDAI chairman Lalit Kumar Jain said in a statement.
"Presently, interest rates charged by the banks to developers and home buyers are at an all-time peak and need to be brought down. The interest rate at least for home buyers must be brought down below 7 per cent," he added.
Affordable housing should be treated as priority sector and favoured a separate policy to boost this segment, he said.
The Credai chief also mentioned that industry is going through tough times. "Sales have come down, home loans numbers are dropping and cash crunch is delaying the deliveries".
Mr Jain also advocated an industry status for the realty sector, which would pave the way for easier funding to the developers at lower interest rate.
"Another long pending issue in the sector is Single Window Clearance. Currently, the approval process is very lengthy and takes around 1.5 years to 2 years for approval," Mr Jain said.
The cost of delay in approval adds further to customers spending by 25-40 per cent, he added.
"The budget document should support a proper REIT (Real Estate Investment Trust) structure. If the long overdue in having a REIT structure is made, it can generate almost 1 lakh crore worth equity replacing debt."

08/03/2014

04/03/2014

Gud morning everyone