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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

Related Stories:

1) Government makes it clear that it would not tinker with the monetary policy again and again to restore real estate boom!

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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Posted by Ravi Karandeekar at Friday, December 19, 2008
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