Latest Real Estate News Delhi, India - Real Estate market in india

low-cost housing

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 booster shot given by the government is changing the very definition of the budget-range of affordable housing. Extending the definition to housing priced within INR 45 lakh is credible. It will make more properties from the premium budget fall into the affordable segment category, and thus benefit buyers in cities like MMR where property prices are exorbitant. Yet again, the affordable segment has got a major push today and buyers of this segment will benefit immensely. This will certainly cause sal...

Affordable Housing: Are buyers really buying it affordably?

Affordable housing projects are now a commonly used and misused jargon in this sector. The foreplay between the government and the private builders on ‘Affordable Housing’ has put the buyers in a dilemma. The vacuum created in the market which is eventually still in struggling mode, is killing the trust. Souma Mukherjee The buyers market is well heard in the circuit these days. Property prices are stagnant, inventories are piling up, but are the buyers really taking their chances? People have started losing hope in the real estate market, tossing their faith up. The dream home seems to move far from the buyers with project delays. The government has acknowledged the importance of the housing issues in the country in their current five-year plan. Smart cities program is another ...

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