Tag: Parveen Jain

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Housing Revolution Needed: Niranjan Hiranandani, Naredco

NEW DELHI: The National Real Estate Development Council (Naredco) has pointed out a significant tax imbalance between corporations and individual taxpayers, urging the government to adjust income tax rates. The organization claims that individuals and partnerships engaged in business face substantially higher taxes compared to companies. Niranjan Hiranandani, chairman of Naredco, emphasized that while corporations generally pay an effective tax rate around 25%, individuals in similar business roles may pay up to 40%, including surcharges and cesses. “If a company is taxed at 25%, why should an individual or partnership in the same field face a 40% tax?” he questioned,…

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2025: Soften End-User Demand Amid Rising Prices, Says Parveen Jain

NEW DELHI: India’s residential real estate sector is currently experiencing a price-driven consolidation phase following a robust rebound post-pandemic. While sales activity remains steady, significant increases in land and construction costs, particularly in key markets like Gurugram, are beginning to impact affordability and buyer decisions. Developers are reevaluating their product offerings, anticipating a gradual shift back to mid-segment housing as luxury demand stabilizes, coupled with discussions around policy measures aimed at enhancing affordability. In an exclusive discussion with Ankit Sharma, Parveen Jain, President of Naredco National, elaborates on how soaring land prices and escalating construction costs have altered housing economics,…

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NAREDCO Elects Parveen Jain as President, Hiranandani as Chair

NEW DELHI: The National Real Estate Development Council (NAREDCO) has appointed Parveen Jain as its new president and Niranjan Hiranandani as chairman. Parveen Jain, who is also the founder and managing director of Tulip Infratech, stated, “Our focus will be on promoting transparency, supporting progressive policy reforms, and enabling sustainable growth that aligns with India’s broader economic vision. NAREDCO will continue to serve as a bridge between the government and the real estate sector, ensuring responsible and inclusive growth.” Jain has previously served as president of NAREDCO – National from 2015 to 2017 and has held the position of president…