THE REAL ESTATE sector has requested the government to pay greater attention to the expansion of rental housing and provide higher tax benefit on home loans, in a pre-Budget consultation with the finance minister on Monday.
"Until now we are only talking about ownership housing but a focus needs to be given to rental housing as well," managing director of Hiranandani Group and chairman of the National Real Estate Development Council, Niranjan Hiranandani, said after the meeting.
In the last Budget, finance minister Nirmala Sitharaman had announced that rental housing with dormitory-type accommodation for industrial workers would be facilitated in the public-private partnership mode with viability gap funding support and commitment from anchor industries.
This story is from the January 07, 2025 edition of Financial Express Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 07, 2025 edition of Financial Express Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
On new Isro chief's table: 100th launch
AFTER THE HISTORIC space docking experiment, the Indian Space Research Organisation (Isro) is getting ready for another milestone, its 100th launch, that is set to happen at the end of the month.
Gaza ceasefire puts Netanyahu in tough spot
EVEN BEFORE IT WAS signed, the Gaza ceasefire forced Israeli Prime Minister Benjamin Netanyahu into a tight spot - between a new US president promising peace and far-right allies who want war to resume.
IT counters lead gains in indices
The equity indices closed higher on Thursday, led by IT stocks on optimism over the rise in artificial intelligence (AI) spending in the US, while worries over earnings moderation and US tariffs capped gains.
Luxury car sales facing China hurdle: Tatas
JAGUAR LAND ROVER's owner, Tata Motors, said profitability is being hurt by economic challenges in China, a market where weak demand and consumer preference for electric vehicles is curbing sales of traditional top-end cars.
Oil buyers pull all levers to replace Russian imports
OIL REFINERS ARE reaching for all available options in the rush to make up for Russian flows hit by Washington's latest round of sanctions, turning to the spot market while simultaneously seeking more long-term supplies from West Asian producers.
NCLAT Stays CCI's 5-Year Antitrust Ban
Directs Meta to deposit 50% of ₹213-cr penalty
Delhi polls: AAP schemes outrank Constitution issues
THE OPEN DRAIN outside the chaupal at Nai Basti, a Dalit-dominated colony in South Delhi's Deoli, is overflowing. Inside the compound, behind a statue of BR Ambedkar holding the Constitution, sit four men from the Jatav (Dalit) community discussing the Delhi elections.
Package Likely To Ramp Up Pulses & Oilseeds Output
The Union Budget for FY26 is likely to announce measures for boosting the production of oilseeds and pulses, with a view to reducing the country's import dependence for these items.
HDFC Bank expects improved CASA ratio with easing in rates
HDFC BANK EXPECTS its current account savings account (CASA) ratio to improve as interest rates are likely to soften, Sashidhar Jagdishan, managing director and CEO, said in an analyst call on Thursday.
This Chinese AI startup is taking on Silicon Valley giants
THE DAY AFTER Christmas, a small Chinese start-up called DeepSeek unveiled a new AI system that could match the capabilities of cutting-edge chatbots from companies like OpenAI and Google.
