General Budget Makes Bhopal a Beneficial Investment Spot
May 19, 2016 Real Estate News
The general Budget of this year is said to be a balanced budget. In this budget, there have been three major announcements pertaining the real estate sector wherein you get a tax exemption on house rates, double taxation on REITs and for the developers who will benefit from the affordable house, there is a 100 percent tax exemption for them. For home loans, there has been an additional 50 thousand tax benefit for the people living in tier two and tier three.
What needs to be noticed here is that the companies are taking the affordable housing segment not just as a business but also as a service to the society. Houses with low price are getting a great response from the buyers. Their demands are increasing. We have seen that the leading builders have also adopted various affordable housing schemes which have led to great selling of houses as the buyers can afford the interested property easily now.
As per the buyers, this idea of affordable housing turned out to be a success for the reason that it was implemented with a manufacturing mindset.
Apart from the more and more builders stepping up for affordable housing, one important aspect in the construction of such housing is also the role of government in encouraging such schemes.
According to the report of the planning commission, by the year 2031, the country’s city population will reach up to 60 crore which is if compared to 2011, a hike of 59 percent.
In a situation like this, clearing affordable housing is the need of the hour. Through which there is a high scope for profit as well, only if builders reduce the high and huge profit margin.
What needs to be noticed here is that the companies are taking the affordable housing segment not just as a business but also as a service to the society. Houses with low price are getting a great response from the buyers. Their demands are increasing. We have seen that the leading builders have also adopted various affordable housing schemes which have led to great selling of houses as the buyers can afford the interested property easily now.
As per the buyers, this idea of affordable housing turned out to be a success for the reason that it was implemented with a manufacturing mindset.
Apart from the more and more builders stepping up for affordable housing, one important aspect in the construction of such housing is also the role of government in encouraging such schemes.
According to the report of the planning commission, by the year 2031, the country’s city population will reach up to 60 crore which is if compared to 2011, a hike of 59 percent.
In a situation like this, clearing affordable housing is the need of the hour. Through which there is a high scope for profit as well, only if builders reduce the high and huge profit margin.
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