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Ggn circle rate cut to boost mkt

Ggn circle rate cut to boost mkt

Circle rates of properties across segments have been slashed by 3-8% in Gurgaon, a premium real estate market, for the financial year of 2017-18. Industry experts and government officials believe that the rate cut, the second in a row, will lead to a price correction that will help boost a sluggish market as more homebuyers […]

5 question on every home buyer’s mind about RERA

5 question on every home buyer’s mind about RERA

It has been over 3 weeks since the Real Estate (Regulation and Development) Act, 2016 commonly known as RERA has come into force. Though the law directs States and Union Territories to set up respective regulatory authorities, only 13 states and UTs had notified rules for the same. Moreover, there have been widespread allegations/reports that […]

How 18km gap on Dwarka e-way will be filled

How 18km gap on Dwarka e-way will be filled

The much-delayed railway overbridge (RoB) at Basai on the Dwarka expressway is now complete. It is likely to be opened to traffic by month-end. The RoB, located at the junction of sectors 100 and 37D at Basai village, will fill a crucial connectivity gap on the 18km-long Dwarka expressway. Once open -it is scheduled to […]

Prices of flats may drop by up to 5%

Prices of flats may drop by up to 5%

Housing prices are likely to fall by up to 5% following the implementation of goods and services tax (GST) after the Centre and states decided to peg the levy at 12% on finished houses or apartments. After allowing for credit for taxes paid on inputs such as cement, steel, paints and other items, the actual […]

Centre warns states against diluting RERA

Centre warns states against diluting RERA

The Centre has warned states against introducing rules and regulations in violation of the provisions of the Real Estate (Regulation and Development) Act (RERA), saying dilution may trigger a legal challenge. “It is a settled law that subordinate legislation such as rules, regulations, schemes, etc, cannot be in violation of the provisions of the principal […]

GST rates: Under construction properties to attract 12% tax

GST rates: Under construction properties to attract 12% tax

The Goods and Services Tax (GST) rate of 12 percent will be applicable on under-construction properties. This rate with input tax credit seeks to remove the inefficiencies of dual taxation in the form of value added taxation (VAT), service tax and puts an end to multiple taxes. The service tax exemptions to be continued in […]

Supertech to expedite project completion with Rs. 1500 crore investment

Supertech to expedite project completion with Rs. 1500 crore investment

Real estate firm Supertech Ltd. on Friday announced its plans to invest Rs. 1,500 crore on construction and other activities in the current financial year to expedite project completion in National Capital Region, North India, and Bengaluru. The company’s announcement to deliver 15,000 units across various projects in India by March 2018, comes at a […]

2009 LEVELS – ICICI Bank, HDFC match SBI’s home loan rates

2009 LEVELS – ICICI Bank, HDFC match SBI’s home loan rates

India’s largest housing finance company HDFC and the largest private lender ICICI Bank have slashed interest rates and are now offering home loans of up to Rs 30 lakh at 8.35% -the same rate which State Bank of India offers. In terms of the new schedule of rates, salaried women borrowers will get home loans […]

How will GST impact the Indian real estate sector

How will GST impact the Indian real estate sector

The Goods and Services Tax (GST) is beyond doubt the most revolutionary tax-related reform to be seen in India in several decades since it will eliminate the conflicting and cascading taxation structures which have confounded several industries over the past few decades. It will most certainly have a profound effect on India’s economic prospects. A […]


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