In the field of residential real estate, the service tax was 4.5% but after the introduction of GST, the tax will be levied at the rate of 12% with no other hidden and cascading taxes. To eliminate the previous cascading tax structure and reduce additional tax burdens on consumers, the Goods and Services Tax (GST) […]
Residential real estate has remained the most favoured asset class for investors as the segment attracted 56% of the overall investment in the first half of this year. Residential projects, including townships across India, received investments worth Rs 9,000 crore, more than double the funds attracted by office and commercial projects, showed a JLL India […]
In the light of prevailing property prices in Noida and Gurgaon, the lowest in terms of number of years’ income to buy a house in the developing world, it is a good time to plan a house of your own Property prices in Noida and Gur gaon have become more affordable for the average homebuyer, […]
Golf Course Road, an established region in Gurugram, remains a sought after destination among prospective buyers, tenants, and office occupiers. Devesh Chandra Srivastava writes Recently, the 1.2km underpass from Cybercity has been opened that takes commuters directly to Golf Course Road.This is one of the many such infrastructure developments that made Gurugram’s prime destination, Golf […]
Thousands of commuters heading towards Hero Honda Chowk from different parts of old Gurgaon, via Basai Road, may expect a smooth and snarl-free drive soon. For, the perennially congested 5.8km-long two-lane road, between Hero Honda Chowk and Dwarka expressway, will be expanded to a six-lane driveway, punctuated with two flyovers, one underpass and one railway over […]
The Haryana Real Estate Regulatory Authority has received more than 500 applications from builders for registration of their projects in the last four weeks after the state government implemented the Haryana Real Estate Regulation Act (H-RERA). The Authority has also received over 100 complaints from aggrieved homebuyers. However, out of 500-plus applications, only 90 projects have been […]
The state government has identified land for relocation of Kherki Daula toll plaza, said sources close to deputy commissioner Vinay Pratap Singh, who revealed the plan at a district-level clearance committee meeting in Gurgaon on Friday. It will be allotted to NHAI within 15 days, after which, NHAI will complete the shifting by December. Earlier this month, Union minister for […]
Govt explores selling other assets of developers to help finish stalled projects The government is exploring ways of resolving a long-brewing real estate crisis that’s left home buyers in the lurch as developers have struggled to complete projects. With many of these delayed for up to five years and more, one of the proposals under […]
Goods and Services Tax (GST) is being levied at 12% on the purchase of an apartment or a developed plot from July 1. Now, for homebuyers, what would be the most suitable option–in terms of the stage of construction at which one buys–and why? Under the GST regime, no tax will be levied on purchase […]
Following the RBI’s signal in its quarterly policy to soften the interest rate regime on Wednesday, and the coming into force of a RERA in every state and UT, buying a house is going to be cheaper, and safer, now on Is it the right time to buy? Yes! Because: 1. Property prices have fallen […]