The year 2016 was an interesting one for real estate markets. A number of initiatives, like the passage of the Real Estate Regulatory Bill in March 2016, amendments to REIT guidelines in budget 2016-17 … READ FULL STORY
“Demonetisation has impacted the resale market, which is otherwise flush with transactions involving black money or unaccounted cash. Consequently, the number of transactions in the secondary market has come down,” explains Vijay Gupta, CMD, … READ FULL STORY
The top five hotspots for residential property investment in the country today, are Mumbai, Bengaluru, Hyderabad, Ahmedabad and Chennai. Not only are these cities attracting new businesses and industry, their respective governments are also … READ FULL STORY
For the real estate sector, 2016 will be remembered as the year of dramatic policy changes. These changes have the potential to usher in a more organised, cleaner and more transparent real estate market … READ FULL STORY
Service tax and VAT are applicable, only on properties that are booked at under-construction stages. So, both these taxes cannot be levied on properties that are purchased, after the builder has obtained its completion … READ FULL STORY
Post-demonetisation, the affordable housing segment, which is confined to the fringe areas of metros, is expected to get a boost as land prices will plummet in the next few years, especially in far-flung areas … READ FULL STORY
When Ramakanth Sharma bought an apartment in a senior housing project in Bhiwadi, his decision was based more on the property’s affordability, than the concept of senior housing. Sharma himself had no plans to … READ FULL STORY
The Maharashtra government, on November 9, 2016, signed an agreement with Canada, to implement a joint action plan on urban infrastructure development in the state. The Canada-Maharashtra action plan seeks to introduce companies, solutions … READ FULL STORY
While the tax structure for the goods and services tax (GST) has been announced, the real estate industry is waiting to see which rate is applied to it and the construction industry. Given the … READ FULL STORY
It started off as an affordable housing destination; was then plagued by litigations pertaining to land acquisition; witnessed price escalation and higher FSI and density norms, and finally saw the emergence of premium housing, … READ FULL STORY
One does not tend to think of Pune as a metropolitan city, especially when compared to neighbouring Mumbai. Unlike Mumbai, however, Pune has the benefit of being able to grow spatially and it has … READ FULL STORY
The festive season is when people usually loosen their purse strings as this is an auspicious time to buy a home. Usually, this means a windfall for developers. But with the property market in … READ FULL STORY
Benefits to promoters/builders, for construction of affordable houses Under the newly-enacted Section 80IBA, 100% of the profits derived by the builder/promoter from a residential housing project, are allowed as deduction to every tax payer … READ FULL STORY
