FreePress India

The Land Mafia and Real Estate Developers comprising State Level IL-literate and Greedy Politicians working in Oligarchic setup are begging with the Government to bail them out as artificially high land prices and interest costs weigh on them heavily.

The Real Estate Lobby has put the following demands before the Government,

As in earlier days, include stamp duty and other taxes in the flat cost for the purpose of home loans. Taxes contribute 9-14% of the cost for buying an apartment. Increasing the ambit of loans to include taxes will benefit buyers. Reduce the risk weightage to the sector. Commercial real estate loans are assigned 125% weightage and are considered riskier (sensitive sector), hence the

We expect rating agencies to upgrade their outlook for India under the most able Prime Minister of India Shri Narendra Modi sooner rather than later.

We see 3 compelling reasons to expect at least an outlook upgrade for India. First, growth is bottoming out. Second, inflation is fading. Third, risks from twin deficits have proven to be overdone.

India Economic Growth
We grow more confident of our call that the slowdown in growth has been largely driven by the global downcycle rather than domestic structural issues. In fact, growth is bottoming out far higher than Brazil or Russia. We continue to reiterate our

The Indian Government headed by Shri Narendra Modi Ji presented its rail budget today, which was closely watched for any clues as to the Union budget due on 10 July. Overall, the government presented a sensible budget as the new railway minister focused on the commercial aspects of Indian Railways (IR) and proposed baby steps, but in the right direction. Key focus areas are,

Revamping the organization: Indian Railways – IR will utilize its scarce resources in doubling and tripling the number of lines on

Read moreNaMo Govt to Build Diamond Railway Quadrilateral – Realistic Budget