GSt

5 Years of Modi – Is Indian Real Estate’s ‘House’ in Order? – RealtyMyths

Like it or lump it, but Modi’s victory in 2014 ushered a new era in Indian real estate – starkly marked by his vision to set the ‘house’ in order and alter the scarred face of an unorganised sector beset by unscrupulous activities. He tightened the Centre’s grip on real estate – previously the ...Read More

FY20 Real Estate Outlook: Liquidity is Key for Survival and Growth – RealtyMyths

India Ratings and Research (Ind-Ra) has maintained an overall negative outlook on the real estate sector for FY20. Ind-Ra has a stable outlook for players in Tier-I residential real estate, commercial office and retail property development and operations and a negative outlook for the rest. Sector Co...Read More

GST Rates Cut, Affordable Housing Redefined – RealtyMyths

The slash in GST rates to 5% without ITC from the previous 12% with ITC for premium homes, and to 1% minus ITC for affordable homes from the earlier 8%, gives the beleaguered realty sector the much-needed breathing room and will certainly help it maintain some forward momentum in 2019. Another booste...Read More

Budget 2019 Highlights & Review: Residential Real Estate Sector – RealtyMyths

by Akhilesh K Prasad The residential real estate sector has taken a huge hit in the last two years. Apart from a prevalent slowdown in the market, this was attributed to demonetization and the implementation of Real Estate Regulations and Development Act (RERA) and Goods and Services Tax (GST) which ...Read More

5% GST without ITC: Impact on Buyers, Builders and Exchequer – RealtyMyths

 Anuj Puri, Chairman – ANAROCK Property Consultants The keenly-awaited meeting of the Goods and Services Tax (GST) Council, which was supposed to deliver a final decision on the differential tax rates on real estate yesterday, hopes to reach a consensus on the 24th. This is a critical matter an...Read More

GST Rate Cut: Panacea or Brief Pain Relief for Real Estate? – RealtyMyths

 Anuj Puri, Chairman – ANAROCK Property Consultants GST rate cut or not, GST-exempt ready-to-move draws maximum sales Of the total unsold stock of 6.73 lakh units in the top 7 cities, only 13% are ready-to-move-in Of 5.88 lakh unsold under-construction units, 20% to be completed in 2019 – the additio...Read More

Budget 2019-20 Neglects Commercial Real Estate – RealtyMyths

by Akhilesh K Prasad Budget 2019-20 has been hailed as a blessing for home buyers and residential real estate developers. It has provided a good mix of direct and indirect incentives, especially with respect to affordable housing in keeping with the government’s flagship initiative of ‘Housing for Al...Read More

Union Budget 2019-20: Expectations for real estate sector – RealtyMyths

The real estate industry has been facing some rough weather given the tough demand environment, which got aggravated further with the recent NBFC crisis. While the industry undertakes measures to revive demand, a much-needed impetus from the Union Budget will go a long way in helping turnaround the f...Read More

Factors That Escalate Property Prices – RealtyMyths

by Anushree Ghosh Understanding the valuation of Properties Real estate continues to attract investments irrespective of the slow growth rate. Introduction of RERA and GST had put a dent in the system but it managed to survive and the momentum is regained. The market evaluation of the real estate pro...Read More

GST on Real Estate Maintains Status Quo

Benefits aside, a cut could have been a major setback to the affordable housing segment GST rate cut, clarity on / abolition of ITC – boosted demand vs. actual sales Anuj Puri, Chairman – ANAROCK Property Consultants After much anticipation, the GST Council has failed to deliver a final verdict on GS...Read More

Building materials industry to grow by 10% in 2019 backed by massive infrastructure developments

The building material industry is the second largest employer in the country after agriculture, providing a significant contribution to the nation’s economy and employing a large number of people. Currently, it is valued at approximately $126 billion and is accounting for around 8% of India’s GDP. In...Read More

GST Rate Cut in 2019 – A New Year Gift for Homebuyers?

A possible GST rate cut at the very beginning of 2019 could bring in the much-needed respite for the Indian residential sector, which is still reeling from reformatory changes. Though ANAROCK data indicates that sales numbers picked up by nearly 16% in 2018, sales are still far from their peak levels...Read More

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