How to save taxes on property purchases – RealtyMyths

by Pankaj Jain “With the enactment of Goods and Services Tax (GST), today’s taxation system in the context of purchasing a property has become much effortless than it was before July’2017. Several taxes previously applicable on property purchase like VAT, Service tax, just to name a few, now have all...Read More

5 things to cheer for in FY19-20 – RealtyMyths

As the new financial year 2019-20 starts, it brings along many good things to cheer for. It is the time from when the announcements made during the Union Budget, get implemented.  Talking about the real estate sector and the factors that may impact the homebuyers, there are majorly 5 things that peo...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

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

Impact of GST on Real Estate Sector – RealtyMyths

by Akhilesh K Prasad The Goods and Services Tax (GST) was passed by the government on the 29th of March, 2017. The aim of implementing the new tax regime was to curb the effects of the previous multiple taxation systems such as VAT, Service Tax and so on. It was also introduced to provide a much-need...Read More

GST and its potential impact on the festive launches

After a lull in the real estate sector, the industry reforms like RERA and then GST were expected to add flair. Couple it with the festive season, beginning from August, the unit sales volume is expected to go up. The-towards the end of 2017 real estate scenario- is somewhat expected to pull the prop...Read More

‘Sudden Death’ for apartment funding

What is Apartment Funding? Apartment Funding (AF) is a fund-raising structure where the involved investors acquire real estate units at deeply discounted prices. It appears a similar structure to bulk buying; however, unlike in bulk buying, the developer needs to make coupon-linked payments to the in...Read More

GST in Real Estate: No impact is good impact?

In the current scheme of things of India’s economy, the most contentious and the most complicated of all topics that is dominating all conversations is Goods and Services Tax, better known in its short form GST. As per the Government-identified rates, 12 % GST will be applicable on construction of bu...Read More

#GST in Realty

Called the single most important economic reform post-independence the new regime of Goods and Services Tax is all set to replace the existing indirect tax structure and paradigm from 1st July 2017. It is all set to radically transform all the sectors of Indian economy, and the infrastructure segment...Read More

Real estate leaders reacts to the annual budget 2017

Post budget announcements, the real estate sector seems exuberant about the market. Demonetization had already been a nightmare for some players, thus, this budget was a crucial ingredient for the boost of this sector! There have been some widespread speculations about the sector, but here’s wh...Read More

Sustainable Real Estate In India – A Pale Shade Of Green

In the last decade, there has been a lot of focus on and interest in green commercial buildings from global and Indian corporates. This increasing interest has led to an accelerated availability of green building products, services and also enthusiasm from builders catering to this segment. Shubhrans...Read More

Union Budget: What’s there on cards for Real Estate!

Santosh Sinha/RealtyMyths As the Union Government is scheduled to announce budget for FY 2016-17, everyone is hoping for the good for themselves. So is the Real Estate sector which is currently crawling due to various reasons. It, therefore, becomes interesting to see what Honb’le FM Shri Arun Jaitle...Read More

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