MARCH 2016 : The Times of India (Ahmedabad)
BUDGET 2016 TO BOOST DEMAND, SUPPLY OF AFFORDABLE HOMESTerming this year's budget proposals as positive for the real estate sector, industry players said that tax sops for first homebuyers and incentives on development of affordable housing projects will help revive demand in the sluggish property market. Some of them, however, rued that their demand to provide industry and infrastructure status to the realty sector was not considered. The budget 2016-17 has proposed an additional Rs 50,000 deduction on interest on loans for first homebuyers and 100 per cent deduction for profit on development of affordable housing, besides exempting REITs from dividend distribution tax. The additional deduction of Rs 50,000 would mostly benefit first time homebuyers in tier-III and tier-II cities.The Real Estate Investment Trusts (REITs) could become a reality now after the exemption of dividend distribution tax (DDT) on such business trusts, he added......
Prime Property: Between Ahmedabad and Gandhinagar
July 18 2015 : Divya Bhaskar (Ahmedabad)
AREA FOCUS - Tragad: A fast-developing residential hub
Jul 12 2015 : The Times of India (Ahmedabad)
With the presence of various modes of commutation and presence of affordable housing, Tragad is preferred by city dwellersAhmedabad is one of the fastest developing cities in the world today. In terms of infrastructure, it offers one of the best possible options in the country. With increasing job options, it attracts a plethora of workers from different parts of the nation. The next important question after securing a job is to find a flat in a safe residential area. So far, areas like Satellite, Vastrapur, Vejalpur, Maninagar in the city offered a lot of options.However, these areas are fast approaching their saturation limit, and builders looking to tap the market, have started investing in areas situated at the outskirts of the city. Tragad, near Chandkheda is one such destination, which has attracted a lot of housing schemes in recent times. Tragad acts like a link between Chandkheda and highly developed SG Road. This area still has a lot of potential for development. The housing architecture developing here could broadly be divided into two types; one where only residential flats are available and the other where space for commercial shops is also available besides the homely flats....
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