The GST Council, at its latest meeting on January 10, 2019, decided for form a seven-member group of ministers, to examine the inclusion of real estate and lottery under the Goods and Services Tax … READ FULL STORY
Traditionally, property investment has been viewed as a safe and stable long-term asset in India. It is often an emotional decision for Indians and is perceived as an indication of one’s status and wealth … READ FULL STORY
After a prolonged lull of nearly three years, the residential markets in the top three cities of Bengaluru, Mumbai and Delhi NCR, showed definite signs of recovery in 2018. The positive impact of the … READ FULL STORY
The taxation on property purchase, has become much simpler than it was before. With the roll-out of the Goods and Services Tax (GST), several taxes previously applicable on real estate purchase (VAT, service tax, … READ FULL STORY
The residential market saw some upward movement in sales velocity in 2018 but the year stopped short of a significant recovery. Total sales of residential units were estimated to be 242,328, registering a six … READ FULL STORY
The Indian real estate sector has witnessed a sea change, over the last couple of years. However, in spite of the advancements in construction, the use of high-end technology, the advent of smart homes … READ FULL STORY
Real estate is often considered as one of the best assets globally, vis-à-vis return on investments. In India, recent policy reforms like the Real Estate (Regulation and Development) Act 2016 (RERA), real estate investment … READ FULL STORY
The applicability of the Goods and Services Tax (GST) in the Indian taxation system, was a move aimed towards ‘one nation, one tax’. After land abetment, the applicable GST for under-construction properties was 12 … READ FULL STORY
The Hiranandani Group has announced the establishment of a new vertical ‘GreenBase’, which will provide best-in-class Logistics and industrial parks, with a pan-India footprint. India’s burgeoning logistics sector is estimated to require 839 million … READ FULL STORY
Update on February 24, 2019: GST Council cuts tax on under construction residential houses to 5 per cent, from 12 per cent currently. GST rate on affordable housing slashed to 1 per cent from 8 … READ FULL STORY
Various private equity (PE) players such as Xander, Blackstone and Brookfield, are sharpening their focus on the Indian real estate industry, especially the commercial segment, with several large transactions recorded in the country so … READ FULL STORY
Update on March 12, 2019: The government of Maharashtra, on March 1, 2019, announced an amnesty scheme with respect to the penalty that can be levied for insufficient payment of stamp duty made in the … READ FULL STORY
Q: Several market reports are stating that sales are finally moving in the upward direction in Mumbai after several quarters of slow sales and launches. What do you think has caused this market turnaround? … READ FULL STORY
