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
After a drastic dip in sentiments, from October to December 2016, the first quarter of 2017 has begun on a positive note, signifying the transient impact of demonetisation. Nevertheless, the stakeholders in Indian real … READ FULL STORY
The share of banks’ credit in the real estate sector, has shrunk drastically in the last few years, from 50%-57% in 2010 to 24%-26% in 2016, said Knight Frank India, in its first edition … READ FULL STORY
The annual increase in the number of ultra-high net worth individuals (UHNWIs) in India is all set to double during the next decade, according to global property consultancy, Knight Frank’s 11th edition of The … READ FULL STORY
The demonetisation drive, announced by prime minister Narendra Modi on November 8, 2016, was a major disruption for the real estate market and pulled stakeholders’ sentiments for Q4 2016 to a new low – … READ FULL STORY
Ashsih Gupte and his colleagues thought that they had taken the best decision of their lives four years ago, when they invested in a project in Ulwe. The developer told them that their investment … READ FULL STORY
The Reserve Bank of India (RBI), on February 8, 2017, kept its policy rate unchanged at 6.25%. This decision has been greeted with surprise, by the real estate fraternity. “While the recent demonetisation drive … READ FULL STORY
Reduction in tenure of long-term capital gains Real estate investors, who were looking for a quick exit option to switch their investment or to book profits, were often discouraged by the long-term capital gain … READ FULL STORY
Genuine buyers in the residential real estate market, appear to be holding back their purchase plans, on hopes that the interest rates would fall further and the property prices would plunge, post demonetisation, which … READ FULL STORY
Sales volume and new launches fell by 23% and 46% each in the second half of 2016, a report by real estate consultancy Knight Frank has revealed. The fourth quarter of 2016, saw a … READ FULL STORY
The residential market continues to witness a slowdown but commercial real estate has turned around, thanks to the improvement in business sentiment since last year. Traditional sectors like IT-ITeS, banking and financial services, continue … READ FULL STORY
Taking markets by surprise, the Reserve Bank of India (RBI) governor Urjit Patel, on December 7, 2016, kept short-term lending rates unchanged, even as the central bank lowered GDP growth rate to 7.1% and … READ FULL STORY
Technologically, behaviourally and culturally, the dynamics of the real estate market are rapidly changing. Apart from the top eight metro cities, even tier-1 and tier-2 locations have witnessed considerable growth. Among these markets, one … READ FULL STORY
