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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

Will 2019 Be The Year Of Settlement For The Indian Real Estate!

The year 2018 comes to an end, and with this ends the year of speculations, ups and downs, and resettlements. Indeed, the year 2018 was a roller coaster ride for the real estate sector. Policy reforms like GST and RERA as well as monetary reforms like Demonetisation were still troubling the market wh...Read More

Taxes on Property Purchase – And How to Save On Them

Anuj Puri, Chairman – ANAROCK Property Consultants If you are looking to buy a property or have already invested in one, you will know that there are tax implications involved. Let’s first examine the tax on property purchase and then elaborate on how one can save on it via tax exemptions and d...Read More

New Blow – GST on RTM Projects Without Completion Certificate – RealtyMyths

The applicability of GST in the Indian taxation system was a move aimed towards ‘one nation, one tax’. Post land abetment, the applicable GST for under-construction properties was 12% while ready-to-move-in flats were kept out of the GST ambit. Even for under-construction properties, there was a ruli...Read More

Logistics infrastructure booming due to GST, says PwC

Forecast says adoption of coworking office space is on the rise across Indian cities Demand for logistics infrastructure is booming in India due to the introduction of Good and Services Tax (GST) that has revolutionised how goods are delivered across the country, according to the Emerging Trends in R...Read More

RealtyMyths Weekly News Roundup

Welcome once again to RealtyMyths Weekly News Round-Up. Let’s jump into the pool of updates of the real estate sector that took place in the very first week of October! Starting with the blessing in disguise. The falling rupee is turning out to be an opportune situation for the NRIs to invest in the ...Read More

Real Estate after RERA – Collaborate, Consolidate or Exit.

Shobhit Agarwal, MD & CEO – ANAROCK Capital DeMo, RERA and GST struck at the very heart of the previously unregulated practices prevalent in the Indian real estate. RERA, in particular, has been responsible for smaller and often unscrupulous developers taking a major hit not only in terms o...Read More

Delhi NCR’s Real Estate Market Post Dwarka Expressway

by Akhilesh K. Prasad, The Dwarka Expressway, also known as the Northern Peripheral Road (NPR) is an 8-lane and 29 Kms long highway that connects Dwarka in Delhi with Gurugram in Haryana. It has been developed as an alternative link route to ease traffic on the pre-existing NH-18 and Mehrauli- Gurugr...Read More

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