Search Result for : Housing

The Dollar Business Bureau  China’s manufacturing industry growth is unexpectedly quickened in the month of August, indicating that the second largest economy of the world is still growing at a healthy rate in spite of cooling housing market and increasing financing cost.  China’s official factory analyses showed that the Asia’s largest economy continue to be on a solid footing, despite apprehensions that the country’s growth may start fading in the coming months.  The official Purchasing Managers’ Index (PMI), which is released on Thursday, increased to 51.7 in the month of August from 51.4 in July, beating expectations for a slight decline.  According to a separate industry survey, the activity in steel sector accelerated at the fastest rate since April 2016 on the back of ...

The Dollar Business Bureau  With cement coming under the 28% tax rate structure under Goods and Services Tax (GST), the industry is not happy with the government slotting it under the highest tax structure as the sector is already struggling with low demand. The Government has failed to take an advantage to spur growth in the already struggling housing and cement sector by placing the commodity in the uppermost tax bracket of 28% under the GST, the industry body Cement Manufacturers Association (CMA) said reacting to the announcement. The industry body has also lamented that the taxation on cement, the highest in the Asia Pacific region, has impacted the health of the sector that is seeing just 70% of its capacity utilisation because of low demand.  “On a 50 kg bag ...

The Dollar Business Bureau Underlining the Union Budget 2017 as “peoplisitc” and not "populist", Urban Development Minister Venkaiah Naidu on Thursday said the government has made all-out attempts to strengthen the country’s infrastructure sector, through granting infrastructure status and giving concessions to affordable housing sector, and feels that these developments will give a considerable push to the affordable housing sector.  "The Union finance minister has kept before the country a progressive and lokpriya (popular) budget. But, it is not populist, rather peoplistic -- people-oriented, not election-oriented. The Union Budget amply reflected the Centre's inclusive development plan and gives "significant" push to affordable housing,” Naidu said.   “Budget for 2017-18 has made house buyers king by incentivising developers and catalysing investment flow by announcing several ...

The Dollar Business Bureau Kishor Pate, CMD - Amit Enterprises Housing Ltd  The Finance Minister has announced that 1 crore rural houses will be created by 2019, and the outlay for rural housing under PMAY is Rs. 23000 crores from the previous Rs. 15000 crores. This will help address the housing needs of the homeless and those living in 'kachha' houses in the rural areas, and potentially help reduce pressure on urban areas if it is in conjunction with employment generation. The total allocation for infrastructure is a whopping Rs. 396135 crores in 2017-18. This is very good news for the real estate sector, as the correlation of infrastructure with real estate growth is a well-established fact. Affordable housing has finally been given infrastructure ...