“The House & Infrastructure sectors have found a pride of place in this budget.Housing will be impacted positively through the various budget proposals namely, Smart Cities, Real Estate Investment Trusts (REITs), easing of FDI norms, enhancing of the tax deduction limit on interest for housing loans, the Urban Renewal Program and the Housing for All Program.
These actions will lead to a positive impact of GDP growth through the positive cascading linkages that Real Estate development provides.
Undoubtedly, Housing & Infrastructure development have been considered a focus area and are accepted as a growth engine by this Government and is in contrast to the past UPA budgets.” - Mr. Kumar Gera, Chairman, Gera Developments & Founder President of CREDAI
“The budget, given the constraints faced by the Finance Minister is extremely positive for many sectors. The government has shown its focus and concern for urban development by addressing the areas of urban renewal & smart cities. With regard to real estate, there are several measures that are positive. For the home buyer, the increase in the deduction of interest paid for self-occupied homes from Rs. 1.5 lakhs to Rs. 2 lakhs is of help to the home buyer.
At a capital mobilization level, the reduction of the limits for FDI in terms of size of projects and minimum capitalization requirements will help generate additional funds for realty projects. In addition, the introduction of REITs provides access to the capital markets for income generating real estate thereby creating a new class of financial asset as well as providing an exit structure for investors investing in the development of these assets. Increased tax exemption limit will lead to big savings for income tax payers this could encourage additional investments in the housing sector.
By proposing schemes for development of airports in Tier II and Tier III cities, the FM is giving impetus to infrastructure development. This will further boost the realty sector as good infrastructure, better connectivity will provide stimulus for people to migrate from the tier 1 cities to Tier 2 & 3 cities.” says Rohit Gera, MD, Gera Developments & VP CREDAI, Pune Metro
It has been a wonderful experience in owning a commercial space at Gera's latest offering in Goa GERA GRAND.
How has your experience been of owning a commercial space with Gera?
My experience has been excellent. I have purchased an office in Gera’s Imperium 2 and a s..
Having a commercial space in and around Panjim was our long desire and this could be possible with Gera’s.
Patto Plaza has ..
First of all I would like to thank you and the Gera team for organizing different workshops at our doorstep.
The best thing I have done to my kids is that I took a right decision to buy a flat in Gera.
Because of this decision , Vishnu could attend the development workshops that were conducted.
Vishnu was a shy child who didn't like to participate in any of the programmes.
As far as Dale Carnegie workshops is concerned it has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..
My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days...