Budget 2022: Surcharge cap on consortiums to help realty, infra joint development pacts

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“In the globalised business world, there are several works contracts whose terms and conditions mandatorily require formation of a consortium. The members in the consortium are generally companies. In such cases, the income of these AOPs has to suffer a graded surcharge up to 37%, which is a lot more than the surcharge on the individual companies,” finance minister Nirmala Sitharaman said in her budget speech on Tuesday.

Institutional investors pumping more capital into residential realty

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Institutional investors have started to invest more money in residential real estate because of better sales momentum in this part of the market.

The combination of key factors, such as record-low interest rates, pandemic-driven realisation of the need for home ownership, developer incentives, and increased buyer confidence, bodes well for the residential sector.

In addition, institutional investors are taking recovery into account when they put their money into the right project