Under the Goods and Services Tax (GST), the effective tax on under-construction projects has gone up to 12 per cent, which is an increase of 6.5 per cent. The actual GST rate is 18 … READ FULL STORY
The regime of indirect taxation in the real estate industry, started as recently as 2004, when service tax was applied to works contracts of commercial properties. It was then introduced to residential properties and … READ FULL STORY
Union Urban Development Minister, M Venkaiah Naidu, on June 30, 2017, launched the Delhi Development Authority’s new housing scheme and called for the people of the city to fully utilise the scheme. Addressing a gathering … READ FULL STORY
While there is a lot of buzz over the Goods and Services Tax (GST) in the market, most people remain unsure about how it will impact various businesses. In the real estate sector, people … READ FULL STORY
The central government, on June 22, 2017, approved the construction of 1.27 lakh more houses under the Pradhan Mantri Awas Yojana (Urban), taking the total number of houses sanctioned under the scheme to 20.95 … READ FULL STORY
A memorandum of understanding (MoU) signed between the Employees’ Provident Fund Organisation (EPFO) and the Housing and Urban Development Corporation (HUDCO), will club the benefits of the housing scheme introduced by the EPFO for … READ FULL STORY
The overall housing credit as on March 31, 2017, stood at Rs 14.4 trillion, as against Rs 12.4 trillion as on March 31, 2016, indicating a growth of 16 per cent in the financial … READ FULL STORY
Delhi Lt Governor Anil Baijal, on June 16, 2017, approved a notification to declare 95 villages as ‘development areas’ under the Land Pooling Policy (LPP), in a move aimed at boosting housing projects on … READ FULL STORY
Union Housing and Urban Poverty Alleviation (HUPA) minister, M Venkaiah Naidu, on June 13, 2017, said that the scope of the centre’s flagship Pradhan Mantri Awas Yojana (PMAY) programme, will be extended to private … READ FULL STORY
The National Housing Board (NHB) has given its nod, for the merger of Dewan Housing Group companies Aadhar Housing Finance Ltd and DHFL Vysya Housing Finance Ltd. “We have received the NHB’s nod in … READ FULL STORY
The first quarter of 2017, witnessed residential launches of approximately 25,800 units in the top 8 cities, registering a 16 per cent decline from the corresponding period last year. A closer look at the … READ FULL STORY
The actions of private equity (PE) investors, can serve as a good indicator of the sentiments in the real estate market. In the last few months, the government has announced several major initiatives that … READ FULL STORY
A Mumbai-based developer announced last year, that they would give possession of completed apartments within two years of launch, failing which, the apartments would be given free. While this may have sounded like a mere … READ FULL STORY
