NBR Developers
Citiescities-arrow
  • more-arrow-down
    • Please wait while loading other cities loading...

Buyers still keeps distance from Realty counters

  • No. 1 Property Portal in India
  • Over 25 Lakhs Apartments and More
  • Post Free Residential Properties in India
  • Find Property in Bangalore
  • Buy/Sell/Rent Apartments in India
  • Search Latest Residential Property in India
  • Get Free Alerts on Property Requirements
  • Find Agents/Buyers for your Property
mobile-ad
Indian Realty is still under pressure besides the most awaited assertion of Union Budget of the year 2012 -13. CREDAI - Bangalore head Sushil Mantri states that “the least bothered Government has not made any drastic changes to bring up the lost glory of Indian Realty except increasing the personal income tax slab to Rs 2 lakhs from that of Rs1.8 lakhs. It is a very minor walk to convey the buyers near to the realty counters”. Apart from this only 1 percent tax rebate is fixed for the slab of Rs 15 lakhs and has only a minor relief for the range of Rs 25 lakhs category.
As said by the source at the www.propertykhazana.com, there is another hammer on already injured realty segment of the country in the form of service tax which is hiked to 12 percent from the existing 10 % which in conclusion will make the production cost of a unit more than the present slump condition. On an another note MD of ‘Vaswani Group’ has revealed that “the realty arena had a pile of expectation from this budget session and was following thoroughly with a hope of better aids to the Realty - marking it in the level of ‘Industry’, but it was all in vain”. The added loads of service tax have rather increased its burden for both builders and buyers.
In a verbal communication, the Managing Director of NBR Group, Bangalore based famed realty house says that “this budget will no way serve the purpose of the Indian realty in any order”. In the long run, there may be some marvels expected, but at this instant, the union budget 2012-13 is not the good deed and many long awaiting demands of the industry are spaced out by the union government and the finance ministry, he added.
Same dissatisfaction yells from Girish H R of ‘Vakil Housing Group’ as he has mentioned it as one of the most uneventful act against the prospect of the Indian realty. “The current financial plan is a mixed bag where there is no sign of govt. concern for the looming Indian realty with various problems like scarcity of finances, high bank interest etc. and in addition new demon is the service tax accumulation” stated by Director of ‘Ajmera Realty and Infra’ – Dhaval Ajmera. For more and latest real estate news and updates follow us at www.propertykhazana.com.
Source: NBTVLIVE

Property Listings

Apartments, Flats and Property for Sale in Bangalore

May 22, 2017
A well-built East facing 3 bedroom(s) Unfurnished flat available for sale at BREN PALMS, Kudlu Gate in Bangalore. The flat is Ready to..
May 20, 2017
The Grass Will Always Be Greener On Your Side. And the joy of discovery will be at every turn. The freshest mornings will only be outdone by the..
May 20, 2017
The Grass Will Always Be Greener On Your Side. And the joy of discovery will be at every turn. The freshest mornings will only be outdone by the..
May 20, 2017
The Grass Will Always Be Greener On Your Side. And the joy of discovery will be at every turn. The freshest mornings will only be outdone by the..
May 20, 2017
The Grass Will Always Be Greener On Your Side. And the joy of discovery will be at every turn. The freshest mornings will only be outdone by the..
May 19, 2017
Bren Woods is located in Bangalore and comprises of thoughtfully built Residential Apartments. The project is located at a prime address in the..
May 19, 2017
Bren Woods is located in Bangalore and comprises of thoughtfully built Residential Apartments. The project is located at a prime address in the..
May 18, 2017
A well-built East facing 3 bedroom(s) Unfurnished flat available for sale at BREN PALMS, Kudlu Gate in Bangalore. The flat is Ready to..
May 18, 2017
A well-built East facing 3 bedroom(s) Unfurnished flat available for sale at BREN PALMS, Kudlu Gate in Bangalore. The flat is Ready to..
May 17, 2017
The property offers amenities like Fire Safety, Solar power, Garbage chute, Jacuzzi, Kids pool, Lobby area, Plantation Avenue, Water treatment,..
spacer

Apartments, Flats and Property for Rent in Bangalore

May 16, 2017
Spread over 6.9 acres of land and comprising of 3 Blocks, SOBHA CLASSIC is strategically located off Sarjapur Road, Bangalore and offers close..
May 15, 2017
Flat for rent in Haralur Road near Kudlu(AECS Layout). East facing 2BHK (1235sq.ft) flat for rent. It is situated on the main road(Haralur Road)..
Apr 23, 2017
As my office is far from Flat, planning to..
Apr 21, 2017
New Era Luxury Hostels for Girls , accommodation for every budget • Brand New building • Spacious and well ventilated..
Apr 19, 2017
2BHK apt for rent, ground floor, car parking, power backup, arkere BPL bus stop, next to Mitra Academy school, Bannerghatta main road, available..
Mar 31, 2017
LEASE OR RENT Near Manyath tech park brand new 2b/r multistory apartment with swimming pool, gym party hall, power backup, car..
Dec 23, 2016
MY 2 BHK SEMI FURNISHED FLAT AT AJMERA INFINITY ( 11 FLOOR, FRONT FACING,GOOD VIEW ) WILL BE AVAILABLE FOR RENT FROM 01 FEB 2017 ONWARDS. IF..
Dec 04, 2016
A safe secure society of defence officers, with clean air and environment. With facilities like, gym, pool, ATM, parking, etc near the..
Sep 30, 2016
Rent - 2 BHK Flat In Kaggadasapura. Available 2 BHK Flat for Rent in..
Sep 30, 2016
Rent - 2 BHK Flat In Kaggadasapura. Available 2 BHK Flat for Rent in..
spacer
spacer
spacer
spacer
spacer