Outcome of Budget 2016 for Infrastructure and Roads Development

Budget 2016 has been released and certain reforms have taken place in the infrastructure sector. Here are the frontline points, mentioned in this year’s budget by India’s Finance Minister, Hon. Mr. Arun Jaitley:-

• Allocating funds worth of Rs.55,000 Cr for the construction of roads and highways; excluding  Rs. 15,000 Cr from NHAI bonds
• Total budget allocated to the Roads and Highway Construction is 97000 Cr which is inclusive of Pradhanmantri Gram SadakYojana (PMGSY).
• Total outlay of Rs. 2,18,000 Crores declared for Rail and Road development
• 10,000Kms of roads will be improved and 50,000Kms of state highways will be upgraded to National highways. The budget allocated for the same is Rs. 2,21,046 Crores
• Aiming to achieve 100% village electrification by 1st May 2018
• 10 public and 10 private sector educational institutions will be made world class
• 160 airports and airstrips can be revived in infrastructure
• 100% FDI will be enabled for the food products produced and marketed in India for the Food Processing Industry

Highlights of Budget 2016 for the real estate sector

With the rolling out of Budget 2016 by the central government, your requirements and expectations related to the real estate sector might have been paid heed to, by the government. You may also have your opinion, related to the real estate news from this year’s budget.
Here are the frontline pointers, revealed from Budget 2016, by India’s Finance Minister, Hon. Mr. Arun Jaitley:-
•    Service Tax Exemption for housing construction of houses less than 60 square metre
•    Incentives for newly started manufacturing companies and Small Scale Enterprises (SMEs)
•    Rent payers’ Deduction slab increased from Rs. 20,000 to Rs. 60,000, due to which, tenants would be benefitted.
•    Total outlay for infrastructure would be Rs 2,21,246 Crores in 2016/17
•    Allocation of funds, worth of Rs 55000 Crores for developing highway projects
•    DDT exempted from Real Estate Investment Trusts (REITs).
•    Quicker implementation of GST Bill and related reforms like Real estate regulatory bill, etc. which are pending before the parliament so far
•    Budget focus on infra and enhancing quality of life
•    Achieving the goal of housing for all by 2022
If you have any opinions on the above mentioned pointers, share them with us! We would be happy to hear from you about the expectations and the announced budget. Stay Tuned for some pointers on infrastructure development as declared during the Union Budget 2016.

Important Benefits from 100% FDI in India

Overview of FDI (Foregin Direct Investment) in India

FDI in the Indian Real Estate has witnessed a significant increase over the past few years as per the economic standards. This depicts India as one of the most lucrative and broad avenues for investments considering the increasing level of interest in investing in India among the foreign  investors.

Since the Indian government has permitted 100% foreign direct investments in the different sectors if the Indian economy, there has been 100% involvement in FDI in the real estate industry. This has not only encouraged the construction builders like us who are into residential and commercial property constructions, but also the ones into recreational projects.

Not limiting the investors to only the ones who are from the Indian origin, but, making investing in Indian real estate sector open for all foreign investors has shown huge inflow of investments in the recent years.

Benefits of FDI in Indian Real Estate 

•    Increase in foreign investments will ensure more organized real estate industry in India
•    It’ll lead to more professionalism in this sector
•    Advanced technologies can be used in the new age constructions
•    A healthy and competitive market environment will be created between both, the Indian investors and the foreign investors.

Hence, we, at Naiknavare Developers, look forward to more such policies which favor the growth of the Indian real estate as a whole. It is a motivation for us to bring in more professionalism and quality homes and properties for our investors and buyers from India and outside, without compromising on any parameters that contributes towards delivering precision and quality homes.

'Enable And Empower' - ET Realty

Naiknavare Developers welcome this objective with open arms and we look forward to more such plan from the Government.

Read below:

The ET Realty Newsletter read the following: 

Dear readers,

It is a welcome statement from Union Minister when he talks about the government planning to provide houses priced below Rs 5 lakh. Does the country need affordable and low-cost housing? Yes. But, this needs to be supported with good infrastructure and connectivity.

It’s a noble cause but the government’s role is essentially expected to be of an enabler and not of a provider. The government does know that very well and is acting upon it. That’s why we have been hearing about the push on infrastructure and improvement in connectivity.

The best way to make housing affordable is to increase its supply and improve connectivity to satellite towns that can accommodate mass housing projects.

For example, state government of Maharashtra has already drawn a plan to develop 100 sq-km city with private participation in Uran, situated around 50 km east of Mumbai. However, given the current economic growth centers in Mumbai, it’s unlikely that people would move to this new city unless a speedy mass-transit option exists.

Therefore, the key is infrastructure and better commuting options. If people in US are commuting from New Jersey all the way to Manhattan, a distance of over 70 kms; Mumbai has more options within a periphery of this distance that can be used for mass housing, provided the connectivity is good. And this can be a case for any urban and economic growth center across the country.

So rather than working on a plan to offer homes priced below a certain price tag, the government needs accelerate its speed at which infrastructure is being improved and affordability can be taken care of through higher supply.

While the government is taking steps to improve crumbling infrastructure in the country’s financial capital, the speed at which it is being done has to be enhanced. Several big ticket projects including coastal road and trans-harbour link will connect and offer more options for people to live out of choice, not out compulsion.

Thrust can be on empowering or enabling people with good infrastructure and not just building a roof on their head. 

Yours faithfully,

Times Group

Naiknavare Developers at Credai Pune Housing Festival 2016

How would you imagine a Housing Festival to be? Dull? Boring? Or something else?

Well! We too expected something similar, but on 17^th Jan 2016, at SSPMS Ground near Pune Station, a Housing Festival was organized by Credai Pune that blew away all our presumptions and brought us an entirely new approach towards such active festivals that uphold the tag of Dynamic Real Estate industry in Pune.

It was amazing to see the huge crowd that attended the exhibition. We too participated in the exhibition and were happy to see the kind of response we got from our fellow visitors. It was a completely new learning experience for us.

 With the crowd that emerged for exhibition, it was a clear indication of the rising demand for housing in the city and that the buyers were showing a lot of interest in knowing and understanding the various schemes provided by the banks and the financial institutions for home buying.

We received good response from our visitors and we take this opportunity to thank all our visitors and customers for the overwhelming response we received and also Credai Pune for organizing such a well planned Housing Festival for the builders and developers like us.

We wish to get more such opportunities to reach and connect with our customers and potential buyers in the coming months. This will not only help us connect with our valued customers, but also help us understand the demands of the new age buyers with more insights and in more depth.  This will enable us to come up with more customer centric ideas to develop not just better housing but better living for all.

We hope we grow just like the demand for properties in Pune and live up to the expectations of the buyers in the form of quality and experience that our projects provide our customers.