GSt

Higher GST will apply to dues on finished real estate project : CBIC – RealtyMyths

Welcome back to this week’s real estate news roundup. Let’s get started!  Keki Mistry, vice-chairman, HDFC feels that the Indian real estate market is going through a tough time. The stress is largely in big cities and for little expensive properties. This is because of the liquidity issue...Read More

Steel gaining prominence in the Indian construction industry – RealtyMyths

by Mr Jatin Shah, Director – Development, Synergy Property Development Services  The construction industry continues to play a pivotal role in the country’s economic growth and in the nation’s development plans. As per industry estimates, India’s construction industry is expected to become the third ...Read More

NRI Investors Zero in on Indian Real Estate’s Revival Signals – RealtyMyths

by Shajai Jacob, CEO – GCC (Middle East) ANAROCK Property Consultants Riding on a wave of economic reforms, improving transparency and better governance, foreign investments in Indian real estate are set to scale new heights. With laws now allowing 100% FDI (foreign direct investment) in constr...Read More

RERA Act completing 2 years and its influence on the real estate industry – Knight Frank

By Gulam Zia Executive Director – Valuation & Advisory, Retail & Hospitality Knight Frank India One of the biggest, and arguably the most called for, reforms in the real estate industry in India was the implementation of RERA nearly 2 years ago. While the debate had been on for nearly a...Read More

The Future of the Commercial Indian Real Estate Sector – RealtyMyths

by Mr Arnab Ghosh, Director, Synergy Property Development Service The commercial real estate sector in India is predicted to grow in the coming years; this upward trend specific to the sector has been further accelerated by large scale investments by institutional investors. These have helped consoli...Read More

8-10% of GST with Input Tax Credit is good for the Real Estate market

Along with other industries in the economy, real estate is one such sector that monitors the general elections very cautiously. As an impact, the developers avoid doing any new launch and the buyers go into the wait and watch mode. As India is going through the general elections, the real estate sect...Read More

Will India Housing Sector Return to Favour with PE Firms? – RealtyMyths

 Anuj Puri, Chairman – ANAROCK Property Consultants Inarguably, the Indian real estate vertical that in the direst need of funding is the residential sector. In a perfect world, the private equity that is now pouring into the country’s realty sector would focus on where it is needed the m...Read More

Private Equity Still Votes for Commercial Real Estate -RealtyMyths

The commercial segment saw a total PE inflow of nearly USD 2.8 bn in 2018 – up from USD 2.20 bn in 2017 Office yields are 12-14% PA, rental yields for housing 2.5-3.5% Residential revival depends on returning investor interest Anuj Puri, Chairman – ANAROCK Property Consultants If the prolonged ...Read More

ANAROCK: Govt. Sops Boost Housing Sales by 12% in Q1 2019 over Q4 2018 – RealtyMyths

New supply across top 7 cities up by 27% q-o-q – from 55,600 units in Q4 2018 to 70,490 units this quarter; defies conventional election period trends Pune and MMR see max. quarterly rise in both housing sales and new supply; absorption in Pune rose by 24%, in MMR by 19% Bengaluru frontrunner in shed...Read More

Housing Project Self-Completion – Far-Fetched or Viable? – RealtyMyths

Self-redevelopment of old, dilapidated housing projects in cities like Mumbai is a much-talked-about new phenomenon and is rapidly catching on because it is, in many cases, a practically possible proposition. Self-completion of stalled projects is, however, another ballgame altogether. The issue of s...Read More

NRIs eye rental income, invest in luxury and affordable real estate – RealtyMyths

The expats who are earning surplus always look to park their earnings into the assets that can give them handsome but regular returns. The same happens with NRIs as well, and they find the Indian real estate market as one of the most lucrative options to suit their requirements the best way. The sect...Read More

GST council gives a reason to smile: Developers – RealtyMyths

The Goods and Service Tax (GST) council has offered a big relief to the Indian real estate industry in its 34th meeting held recently.  It has allowed developers, for under construction properties up to March 31, 2019, to choose between the old GST rates of 12% with ITC or opt new GST rate of 5% with...Read More

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