The Royal Institution of Chartered Surveyors hopes the Finance Ministry will consider hiking the housing loan interest deduction limit and bringing down home loan interest rates in the coming Budget.
A press release from RICS quoting its Managing Director and Country Head, Mr Sachin Sandhir, says RICS believes that the Ministry of Finance will consider the proposals submitted by the Housing Ministry and increase the housing loan interest deduction limit to Rs 2.5 lakh or Rs 3 lakh a year along with lowering interest rates to 7.5 per cent for loans in the range of Rs 5 lakh to Rs 30 lakh.
Given the President of India’s ambition of making India slum free in five years, it would be imperative to provide fiscal concessions for building low-cost houses.
More : thehindubusinessline.com
Send an E-Mail for Delhi Property Enquiry!
Related News from Delhi
The Delhi University late on Thursday night released the second cut-off list for the admission for the new academic year even as nearly 80 per cent of its 43,000 seats were filled up in last three days.
The first phase of the admission process ended on Thursday evening, said SK Verma, deputy dean of students welfare at the university.
We are releasing the second cut-off late on Thursday so that students can get the list by Friday morning, said an official of the university registrars office.
In the second cut off list, the Kirori Mal College showed a decrease of one per cent
New Delhi : The Delhi University would announce Monday the first cut-off list for admission to under-graduate courses.
University officials said they had asked all colleges to present details about the percentage required for getting enrolled in a course.
We have received details from most of the colleges and we will put out the first cut-off list tomorrow, said an official.
The percentages this year are expected increase from last years ones.
Officials said the percentage for one of the most popular course - B. Com. (Honours) - in some of the best colleges of the university would remain around 90.
The percentage in Hindu
Mumbai, which became the second-most expensive office property market globally one-and-a-half years ago at the peak of a real estate boom in the country, has now slipped out of the top-five list, as per a survey of 170 cities by real estate consultant CB Richard Ellis. The city remained at the sixth position among the worlds costliest office markets.
The cooling realty prices have also brought down New Delhi from the number eight position globally in November 2007 to the 12th slot in the latest ranking released on Thursday.
The latest ranking highlights the decrease in rentals due to a
Delhi Development Authority (DDA) on Monday said it will not scrap the entire list of successful applicants, but will ensure that ineligible applicants didn't get the allotment letter. The urban development agency denied allegations of irregularity in the recent draw to allot over 5000 houses in the national capital.
"The draw was fair and transparent. We can't say for sure that no applicant has engaged in forgery, but we are scruitinising the details provided by applicants and can assure you that no allotment will be made to a wrong person," DDA Housing Commissioner Asma Manzar told mediapersons. She said it
NEW DELHI: Bangalore metro rail and the second phase of Delhi metro may figure prominently in Japanese Official Development Assistance (ODA) loans to India this year. The amount of the ODA loans, to be announced next month, is likely to be marginally higher than ODA worth $1.2 bn extended to eight projects last year.
About 10 new projects are likely to figure in the ODA list, a senior Japanese official told ET. Significantly, the increase of the ODA in dollar terms may just be marginally higher compared to the last year because of the depreciation of yen against US dollar