DLF Indicates Rise In Realty Rates

News Posted - 2010-03-15

DLF Indicates Rise In Realty Rates

Following the hike in interest rate by a few leading banks and the government's proposal to slap service tax on the realty sector, realty major DLF said properties would turn dearer as developers would have to pass on the service tax burden to end-users. "If the signal from the bank and government is to raise the price, why will prices not go up? That means the economy is to ready take a price hike. It will be wrong to assume that developers should not raise prices. How can you have two contradictory signals?" DLF group executive director Mr Rajeev Talwar said.

9 March 2010 indianrealtynews.com

Guidelines Of Housing Scheme To Be Changed To Make Cities Slum Free

In the run-up to the full fledged launch of Rajiv Awas Yojna (RAY), a programme designed to make Indian cities slum-free, the housing ministry is modifying some of the parameters to ensure that more people benefit from the programme. The upper ceiling of the income range of economically weaker section (EWS) and low-income group (LIG) is being changed. The upper limit of economically weaker section (EWS) is going to be almost doubled to Rs 6,500 from from Rs 3,300 at present, an official source said. With LIG, the upper limit has been fixed to Rs 11,000 from the existing Rs 7,500. "The idea is to cover more people under the various prevailing schemes which are either ongoing or going to be launched later on," the official from housing ministry said.

12 March 2010 The Financial Express