With the rollout of the Goods and Services Tax (GST) from July 1, 2017, there is significant anxiousness and ambiguity among the stakeholders in the real estate market. Many are also wondering which would … READ FULL STORY
While there is a lot of buzz over the Goods and Services Tax (GST) in the market, most people remain unsure about how it will impact various businesses. In the real estate sector, people … READ FULL STORY
Now, that the GST rates for real estate have been declared, the question on everybody’s mind is how will this impact the sector. While the real impact of the GST, will only be seen … READ FULL STORY
Real estate sectoral body CREDAI, has urged the state governments to do away with the stamp duty< on landed property to eliminate multi-point taxation after the introduction of the GST. “CREDAI welcomes the introduction … READ FULL STORY
The Brihanmumbai Municipal Corporation (BMC) has proposed a surcharge of one per cent on the buying and selling of properties in Mumbai, to fund infrastructure projects. This would be enforced by the state government, … READ FULL STORY
The state revenue department of Maharashtra recently hiked the ready reckoner rates, by an average rate of 5.86% across the state. In Mumbai, the ready reckoner rates have been increased by 3.95%, as opposed … READ FULL STORY
Taxes and duties constitute a large part of the total home buying cost. There are four types of taxes and duties that are levied on the purchase of homes in India – stamp duty, … READ FULL STORY
Housing finance regulator, National Housing Bank (NHB), is working on a complete revamp of its residential housing index or `Residex’. “We are working on a complete revamp of Residex and we are likely to … READ FULL STORY
According to a report on real estate investment trusts (REITs) released by Knight Frank, the domestic environment is ripe for listing of REITs, an investment vehicle that invests in rent-yielding completed real estate projects. … READ FULL STORY
For any investment in residential property to provide effective returns, the chosen location should have good social infrastructure, adequate public transport and sufficient economic activity to sustain development and growth. These parameters apply to … READ FULL STORY
The Inspector General of Registration (IGR) offices in Maharashtra earned Rs 17,244 crores by the end of January 2016 from stamp duty collection. This year, however, the collection was Rs 16,254 crores till January … READ FULL STORY
In its 2017-18 budget, the West Bengal government has slashed the stamp levy to 2% from the prevailing 6%-7% and the registration fee to 1% from 1.1%. In order to avail the benefit of … READ FULL STORY
While the real estate fraternity has largely welcomed the announcements in the Union Budget 2017-18, certain sections in this sector, apart from the affordable housing segment, as well as buyers, are still trying to … READ FULL STORY
