NEO BANGALORE

INVESTMENT
OPPORTUNITY:
NEO BANGALORE
10
Government policies
are helping the real estate sector proper
Ease in Housing Finances
Additional deduction of up to USD1,841 on interests payable on home loans of up to
USD46,032 announced in the Union Budget 2013 14.
To liberalise scheme of interest subversion of 1 per cent on home loan by including
loans of up to USD31,250 for houses that cost up to USD52,080
Housing for Economically Weaker Sections
Allocation of USD1.1 billion for Rural Housing Fund in FY14 budget
Allocation of USD0.37 billion for Urban Housing Fund in FY14 budget to bridge the
huge shortage of housing in certain urban areas
FDI
The government has allowed FDI of up to 100 per cent in development projects for
townships and settlements
FDI of up to 100 per cent is allowed in the hotel and tourism sector through the
automatic route
Supply largely con ned to mid segment housing
The largest quantum of new launches was observed in the mid and low segments,
catering to the rising demand for a ordable housing in the country.
Locations such as White eld, Kanakpura, Banshankari and Sarjapur Road in Bangalore;
the Gurgaon, Noida Extension, and the Greater Noida micro-markets in the Delhi NCR;
Bhandup, Mulund, Malad, Panvel and Thane micro-markets across Mumbai; Perungudi,
Sholinganallur, Porur, Guindy, and Padur in Chennai; as well as Baner and Wakad in Pune,
witnessed signi cant residential launches during H1 2014.
Summary Indian opportunity The Bangalore Boom
The new Bangalore
NEO Bangalore
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