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Impact of GST on Real Estate

The impact of GST on real estate will depend upon the abatement allowed on agreement value, says CRISIL survey. From the point of view of consumers, the impact of GST on the real estate sector will hinge on its effective implementation rate. In the residential segment, completed properties do not attract service tax and so […]

image. ease of biz

EASE OF BIZ – GST will boost sector

M Venkaiah Naidu, Union urban development minister, has assured that GST will not lead to any price rise of houses in the country. He also promised that the new regime would maintain zero service tax on affordable housing Parliament passed all the four supplementary legislations to enable the government to roll out the landmark Goods […]

Will Indias commercial real-estate market get it REIT

Will India’s commercial real-estate market get it REIT?

The much awaited Real Estate Investment Trust (REIT) listing is inching closer to reality and India has rent- yielding office inventory of 537 million sq ft worth over $70 billion. According to a joint report by KPMG, Naredco, Hariani & Company and Knight Frank, titled ‘REIT-able Space in India: A Closer Reality’, $121 billion or […]

Developers liable for building's safety now in the new code

Developers liable for building’s safety now in the new code

NEW DELHI: Builders can be made liable for the safety of the structure, as per the new national building code proposed by the Centre to be followed by the states. The revised code was unveiled by Consumer Affairs Minister Ram Vilas Paswan here on Wednesday. The code has been prepared by the Bureau of Indian […]

90% pay new property tax, but revenue dips

90% pay new property tax, but revenue dips

The good news for the civic body is that despite the vociferous protests against its new property tax system, nearly 90% of the 2.64 lakh citizens who were sent bills have cleared their dues. The bad news, however, is that its collection has dropped by nearly Rs400 crore as it had to reduce the tax […]

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