Before the introduction of Goods and Services Tax (GST), paying multiple taxes in a complicated system was the biggest challenge faced by the real estate industry, thus resulting in disparity in property rates across the nation for which home-buyers bore the brunt. Today, under the GST regime, under-construction properties are taxed at 18 per cent, […]
Leading developer, M3M Group, has launched a massive tree plantation drive in Gurugram. Under the ambitious project, the real estate major in a period of one year aims at planting more than 14,000 tress in and around its project sites. Of the total proposed, 8,000 saplings have already been planted over the last eight months. […]
With extension of Rapid Metro till Sector 56 and work on Southern Peripheral Road (SPR) nearing completion, infrastructure activity in micro-market along SPR has seen an uptick in the absorption of existing office space and is also witnessing the launch of new commercial and mixed-use projects. Developers who have invested in the area and are […]
With the change in economic conditions and introduction of new reforms, there is a natural shift in buyer’s preferences towards ready-to-move-in projects these days. However, if we analyse further, there is a merit (of course with a caveat) in making an investment in projects under construction as well. INVESTING IN ‘READY-TOMOVE-IN’ HOMES Immediate possession: One of […]
Investing money in a property is not an easy task. Not only does one need to find a safe avenue, but also think about what to buy–an apartment or a built-up house, or a plot. The decision depends on your needs, lifestyle preferences, and other aspects like taxation and bank loan. While investing in plots […]
HUDA auctions 10 acres for record Rs 842 crore, more such deals in the offing It seems that the rechristen of Gurgaon to Gurugram has also recast the fortune of real estate of the city. Gurugram, which had been in news for land scams and spurious land deals in the previous government, has now hit […]
The city will soon have its own Real Estate Regulatory Authority (RERA), announced Haryana chief minister Manohar Lal Khattar on Tuesday. He added that only the names of officials remain to be declared. “This new body will regulate the real estate development and disputes at the citizens’ doorstep; the city needs it for better development,” […]
Amid a slow-moving realty market, Donald Trump Jr is expected to visit Gurgaon sometime in the next couple of weeks to inaugurate two premium realty projects. While one of these is a residential project, the other is commercial. According to sources close to the development, Trump Jr is expected to visit sometime in mid-November. However, they did not have the […]
7th Pay panel’s push set to boost housing sector In a move that is set to give a boost to the housing sector, the government on Thursday revised the House Building Advance (HBA) rules for central government employees, increasing by over three times the amount they can borrow from the government for constructing or buying […]
The real estate sector is expected to feature in the November 9, 2017 GST meet. The government has been hinting that the sector can be considered to be brought under GST. Then all individual taxes would be subsumed into the GST. Or will it? Practically, can all central, state and local taxes on real estate be subsumed […]