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
Recently the Brihanmumbai Municipal Corporation (BMC) in its budget, had proposed a surcharge of one percent on the sale and purchase of properties, to fund its infrastructure projects. In yet another move, the Maharashtra … READ FULL STORY
In some good news for developers and home buyers, the Union Urban Development Ministry has stipulated that housing approvals will be given within 60 days, via an online application process in metropolitan centres such … READ FULL STORY
Can the Indian real estate industry rely on the age-old tools and techniques to achieve Housing For All by 2022? Not really. India requires the crucial support of a skilled work force along with … 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
During festive periods, developers try to cash-in on the positive sentiments, by using offers and discounts to attract property buyers and to push sales. Nevertheless, home buyers should remember that no developer would ever … READ FULL STORY
In India’s property market, there are several locations that are more promising and are coming up better than their parent metro cities. We have seen this trend in the past, with areas in the … READ FULL STORY
Only 4% of India’s workforce is skilled as compared to 96% in South Korea, 80% in Japan, 74% in Germany, 68% in the UK and 45% in China. Experts say that developers, construction firms … READ FULL STORY
