Mumbai recorded the third-highest growth in annual household incomes at 20.4% over a five-year period from 2014 to 2018, according to the inaugural issue of Knight Frank’s global report, ‘Urban Futures’. The growth in … READ FULL STORY
As announced during the interim budget 2019, the GST Council has reviewed the Goods and Services Tax (GST) rates on the real estate sector. Accordingly, the developers of residential projects which are incomplete as … READ FULL STORY
Mobility of students in India is increasing and it is common to see students moving to different cities, for higher education. However, there remains a dearth of good hostels and other amenities, to accommodate … READ FULL STORY
Recently, the GST Council slashed the Goods and Services Tax (GST) rate on under-construction homes. With this, home buyers are trying to assess the impact of the rate cut. We look at some of … READ FULL STORY
Sluggish sales pulled down average prices of residential properties in Kolkata by 4 per cent year-on-year, during July-December 2018, realty consultant Knight Frank India said. “In Rajarhat and the eastern micro-markets (of Kolkata), residential … READ FULL STORY
The Indian real estate sector has witnessed several positive developments over the past few years, with schemes like the Pradhan Mantri Awas Yojana (PMAY), the granting of infrastructure status to affordable housing, 100 per … READ FULL STORY
The top seven Indian cities collectively saw the average size of budget-friendly apartments shrink by almost 17 per cent, between 2014 and 2018, according to a study. The Mumbai Metropolitan Region (MMR) topped with … READ FULL STORY
The GST Council, at its meeting on February 24, 2019, reduced the Goods and Services Tax (GST) rate on under construction properties from 12 per cent with an input tax credit (ITC) to 5 … READ FULL STORY
The Goods and Services Tax (GST) Council in its meeting held on February 24, 2019, has taken a decision to reduce the GST rate on under construction properties, with effect from April 1, 2019. … READ FULL STORY
The proposal of the GST Council, to reduce the Goods and Services Tax (GST) rate on under-construction properties, will likely have mixed implications for the sector, with consumers for high-price inventory (such as Mumbai … READ FULL STORY
Navi Mumbai town planning authority, the City and Industrial Development Corporation (CIDCO), is planning to build a coastal road to connect Kharghar with Belapur, at an estimated cost of Rs 273 crores. The 9.5-km … READ FULL STORY
Unsold real estate inventory in the country, is often blamed on over-supply. The root cause of what is termed as over-supply, may, in fact, be the mismatch between demand and supply. However, this fails … READ FULL STORY
While budget is the main factor that influences a home buying decision, locations that offer job opportunities are also sought after by home buyers. Boisar, an industrial town is one of Mumbai’s fastest-growing suburbs. … READ FULL STORY
