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Real Estate News in India

Tecumseh announces New Product Range for India – RealtyMyths

Reaffirming its commitment to the Indian market, Tecumseh Products India Private Ltd, a subsidiary of the 85-year-old Tecumseh Products Company LLC, has unveiled a new range of compressors with hydrocarbon refrigerants for light commercial applications. Formally launched by Doug Murdock, President and CEO of Tecumseh Products Company, LLC,  at the ACREX2019 in Mumbai, the range of products were well received by leading brands, distributors, and service providers.  With a substantial investment on the research and development, the company launched efficient and environment-friendly products that will help its customers to develop a wide range of equipment for leading brands and for the fast-growing Indian SMEs who service the Indian Market. Speaking on the launch, Murdock said, “At Tecumseh...

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...

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