Cybercity Builders and Developers, the Hyderabad-based real estate company, is set to foray into the Chennai metropolitan market with a major gated community project at Porur. The company, which has all through operated in Hyderabad, is also set to enter the port city of Visakhapatnam with another gated community project. Venu Vinod, Managing Director…
Read MoreTax incentive on second home misused, won’t extend it beyond Rs 2 lakh: Govt HIGHLIGHTS The Finance Bill 2017 restricts set-off of loss towards second home against other heads of income up to Rs 2L under Sec 71 of the I-T Act Currently, there is no such limit for set-off of loss from house property,…
Read MoreBuilders will be eligible for tax and subsidy incentives, and institutional funding at affordable rates. Union Finance Minister Arun Jaitley, in the Budget 2017-18, has proposed to grant ‘affordable housing’ the coveted infrastructure status to facilitate higher investment in the sector and, in turn, achieve the government’s ambitious goal of ‘Housing for All’. The grant…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.