GST impact on real estate What will change when you go to buy a house

GST impact on real estate: What will change when you go to buy a house?

The switchover to the GST regime is undoubtedly one of the biggest tax reforms in post-independence India.  From July 1 2017, GST effectively cuts through a confounding Gordian knot of taxation complexity in the country. In other words, it replaces the multiple taxes levied by the central and state governments and will become subsumed of […]

China's Xian housing authority halts sales of developer Vanke

China’s Xian housing authority halts sales of developer Vanke

HONG KONG (Reuters) – The housing authority of China’s Xian city on Wednesday said it has suspended sales of projects by China Vanke Co Ltd, the country’s second-biggest homebuilder by sales, citing property transactions that it suspects are “against regulation”. The Xian House Management Bureau, in the statement on its website dated April 24, said […]

Bangalore-based retailer Shankara BuildPro, which is into home improvement and building products, has filed for an initial public offering to raise about Rs 450 crore. According to market sources, the company has filed the draft red herring prospectus (DRHP) with the market watchdog Sebi today and proposes to mop up between Rs 4

Shankara BuildPro files for Rs 400-450-cr IPO

Bangalore-based retailer Shankara BuildPro, which is into home improvement and building products, has filed for an initial public offering to raise about Rs 450 crore. According to market sources, the company has filed the draft red herring prospectus (DRHP) with the market watchdog Sebi today and proposes to mop up between Rs 400 crore and […]

PE inflows into real estate sector jumps 62% to Rs 38,000 cr in 2016

PE inflows into real estate sector jumps 62% to Rs 38,000 cr in 2016

Personal home equity inflows in to the country’s real-estate market surged 62 % to Rs 38,000 crore, while in 2016, mostly helped by Parliament’s clearance of two substantial legislations — Real Estate (Legislation and Improvement) Bill and GST, says a written report. Money amounting to Rs 23,500 crore had been motivated into realty by PE […]

Real estate consultancy firm JLL's India head Anuj Puri quits

Real estate consultancy firm JLL’s India head Anuj Puri quits

Anuj Puri, chairman and country head of realty consultancy JLL India, on Monday said that he will quit the firm. Chief Operating Officer Ramesh Nair will take over as CEO and country head.   Puri’s last day will be on from February 28, 2017, and Ramesh Nair will assume his new role on March 1, […]

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