Friday, December 19, 2008

Generate real estate developers' interest in so-called low income group housing!

Naredco and deputy chairman of the Planning Commission meeting:

National Real Estate Development Council (Naredco) wants section 80 IB (10) of the Income-tax Act restored for houses less than 1,500 sq. ft to generate interest of developers in so-called low income group housing.

Income-tax deduction was available to developers until 31 March 2007.

Real estate company chiefs including Rajiv Singh, vice-chairman of DLF Ltd and Pradeep Jain, chairman and managing director of Parsvnath Developers Ltd attended.
To read more, please, visit - livemint.com

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2) Indian real estate developers to ask Government of India to buy out their unsold flats at current market prices and sell these flats at a later date!

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