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...While bellwethers have been hinting at dark days ahead, these fears can at best be called unfounded when it comes to the Indian real estate business within the country. Housing will never cease to exist as a basic necessity of human beings. So the real estate industry will not get wiped out. There would be a definite change in the way of doing business and the industry as well as its different stakeholders are poised to become more transparent in the long term. Let’s look at how the major real estate segments will fare: Residential real estate: The primary sales segment is largely influenced by home finance companies, and deals tend to be facilitated in a transparent manner. This segment will therefore see at best a limited impact in the larger cities, though some tier 2 and tier 3 cities, where cash components have been a factor even in primary sales, will see a business crunch. ...Live Mint on Dec. 18, 2016, 11:45 p.m.
...The reasons are varied. One important factor playing a role here has been the increased penetration of financial instruments tapping populations living even in remote villages. The result has been that the ‘only store of value’ feature offered by physical assets is fast disappearing. Also, technology is enabling banking solutions to reach remote villages much faster, while also making financial transactions easier and less expensive. With focus on direct subsidy transfers, opening of bank accounts is becoming mandatory for all, including those who were out of the banking circle so far. With these developments, the only reason left for an individual to invest in physical assets is for returns. Real estate is a good investment option, but not by taking leverage because returns will remain low when compared to cost of funding. However, residential real estate can be rented out, which helps offset the monthly outgo of instalments to some extent. ...Live Mint on Nov. 28, 2016, 4:13 p.m.
...The realty sector is just emerging from a prolonged and painful slowdown, and is looking for all and any signs of light at the end of the tunnel. This fact makes Union Budget 2016 all the more critical, and the real estate industry has many expectations from it.The Union Budget should pay specific heed to this pressing need. On purchase into an under-construction property, buyers can only claim tax benefits of Rs. 2 lakh after possession if construction is completed within three years. The benefits reduce to Rs. 30,000 if the builder delays construction beyond this - and they pay higher interest. First-time home buyers purchasing properties for self-use additionally pay rent. Instead of allowing home buyers tax benefits post-possession, the Union Budget should make a provision that allows these from the time they start paying interest on housing loans. ...NDTV on Jan. 27, 2016, midnight