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Additional income tax deduction announced on home loans for affordable houses

The first budget of the second term of the Narendra Modi-led government on Friday extended an additional deduction to home-buyers in the affordable housing category. In her maiden budget speech, finance minister Nirmala Sitharaman said an additional deduction of up to ₹1.5 lakh for interest paid will be allowed on a loan borrowed up to 31st March, 2020, for purchase…

MRG World forays into real estate to invest Rs 200 cr on 1st project in Gurugram

MRG World, which is into financial services, agro-trading and education businesses, has forayed into real estate sector and will develop its first affordable housing project in Gurugram, Haryana with an investment of Rs 200 crore. The company will develop 731 apartments in this five-acre project under an affordable housing policy of the Haryana government. The units will be allocated through lucky…

Signature Global yet again delivers before time

Karnal: Signature Global, the pioneers of affordable housing, is proving its worth by delivering projects within the time limit. Contribute the most towards Prime Ministers vision of ‘Housing for all 2022’, it has achieved distinction of delivering Sunrise in Karnal six months before the stipulated time. The construction of the project in Sector 35, Karnal, was…

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