‘Reduce housing loan interest rates’
Said Rohit Gera, vice-president of CREDAI (Pune) and managing director of Gera Developers
Mar 13, 2015
Source : The Times of India

 

PANAJI: Housing loan interest rates need to ease in order for the real estate market in Goa and in the country to improve, and when it does improve it will have a significant impact on India's economy, said Rohit Gera, vice-president of CREDAI (Pune) and managing director of Gera Developers.

Gera, however, expressed disappointment with the Union Budget for 2015-16 presented by finance minister Arun Jaitley on February 28 as it lacked a strong push for the residential real estate market. "The Union Budget for 2015-16 has completely ignored the residential real estate market and there is a total lack of any push for the housing sector," Gera said. "We hoped for increased deduction towards home loans amongst other things to give an impetus and augment growth of the industry." Gera did acknowledge that the proposed additional investments in infrastructure will further improve the economy and would definitely have a trickle-down effect on customers, who will eventually buy homes.

Regarding the real estate sector in Goa, Gera confirmed that overall sentiment remained quite poor with the Panaji market sluggish on the residential side, while the commercial space was suffering much more, especially in the far-flung areas. He did believe that the real estate industry had the potential to boost the economy and that once tourism and mining resumed, it would give a fillip to the Goan economy.

Gera went on to add that sensing a potential in the tiny western state, the company
was looking to expand to other parts of Goa and were in the process of assessing certain specific locations.

Latest Realty News

Over-31k-affordable-flats-in-Gurgaon,-says-govt
Mar 13, 2015
CHANDIGARH/GURGAON: The Haryana government said that Gurgaon's realty space has provisions for 31,736 flats in the economically weaker section (EWS) and affordable housing categories
Connaught-Place-is-the-5th-most-expensive-office-location-in-the-world:-Survey
Mar 13, 2015
BENGALURU: Connaught Place in New Delhi has emerged as the 5th most expensive office space location in the world, according to Cushman & Wakefield's annual global survey
Nahar-Group-brings-to-Chennai-a-landmark-destination,-Launches-“Tower-Of-Adyar”
Mar 13, 2015
Mumbai: Chennai one of the booming luxury real estate market is yet another destination for The Nahar Group
Cheating-case:HC-to-hear-real-estate-firm's-plea-on-March-20
Mar 13, 2015
New Delhi: The Delhi High Court today fixed March 20 for hearing on a plea filed by a real estate developer and its two directors
Now,-CBI-arrests-Mumbai-CA,-2-officials-for-govt-documents-leak;-banks,-realty-firms-under-scanner
Mar 13, 2015
Mumbai: The CBI on Thursday night arrested a Mumbai-based chartered accountant and two government officials for allegedly selling confidential documents
Relief-for-realty-major-DLF,-tribunal-quashes-SEBI's-markets-ban
Mar 13, 2015
Mumbai: In a major relief for DLF, the Securities Appellate Tribunal on Friday quashed a Sebi order against the realty giant
Tata-Housing-refutes-Sri-Lankan-govt's-plans-to-review-its-project-in-Colombo
Mar 13, 2015
Mumbai: Tata Housing has termed the Sri Lankan government’s plans to review its property project in Colombo ‘arbitrary’
Huge-potential-for-smart-cities-in-India,-says-AECOM-chief
Mar 13, 2015
New Delhi: AECOM, the world's largest engineering, design, and infrastructure consultancy firm,planned to build on the Make in India, smart cities and clean Ganga programmes to step up its involvement in the infrastructure space across the country
Relief-for-residents-in-ASI-protected-areas
Mar 13, 2015
Chennai: Centre has assured the ban on sale of land and construction in the areas marked as restricted by the Archaeological Survey of India (ASI)will be lifted within a month
India-among-top-20-realty-investment-destinations-in-world:-C&W
Mar 12, 2015
New Delhi: Investments in Indian real estate last year jumped more than two-fold to over $5 billion

Latest Realty News Of State

Realty Talk's