The Haryana Real Estate Regulation and Development Act (Rera) will be tabled before the state cabinet on Tuesday for discussions before the law is finally notified, a process that the Centre wants completed by July 31. Among the points that the cabinet will take up is the crucial one what the definition of ‘ongoing project’ will be, terms and conditions on […]
Chief minister Manohar Lal Khattar will inaugurate the second flank of Hero Honda flyover on Monday. The eight-lane flyover will boost connectivity and ease snarls for the commuters going towards Sector 10, Basai, Sultanpur lake and Jhajjar district. The 1.4-km-long flyover was constructed as part of three-layer crossing — flyover, underpass and existing roads — at the Hero Honda Chowk. Though the […]
How has the introduction of GST impacted Godrej Properties? Too little time has passed since GST’s implementation to accurately determine the new tax regime’s impact on the sector. That said, the combination of both GST and RERA has created some short-term uncertainty. However, we believe both will help strengthen the demand environment going […]
Huda on Monday removed an Ambedkar statue at Badshapur Chowk that was coming in the way of completing the final leg of the long-delayed Southern Peripheral Road (SPR). Once the SPR — planned as an intra-city bypass connecting Gurgaon-Faridabad road near Ghata with NH-8 — is completed, it is expected to reduce traffic pressure on Iffco Chowk, improve connectivity of new sectors and breathe […]
Are you a buyer and concerned how will it impact you? Will it reduce prices of residential real estate? Will the prices remain high? Are you a developer and are concerned about inputs and material costs? Here is how the new tax will impact you and the real estate sector The new Goods and Services […]
The Goods and Services Tax (GST) has finally become a reality, nearly one-and-a-half decades after it was first mooted. The journey towards a single tax system has not been particularly smooth as the GST has faced innumerable challenges due to issues regarding its structure, tax brackets and subventions for states that may face revenue losses. […]
WELCOMING the GST rollout vis-a-vis real estate on Saturday, Shrikant Paranjape, president, Confederation of Real Estate Developers Association of India (CREDAI) Pune Metro, called it a major structural tax reform. “Steps like RERA and GST will increase transparency in the segment,” he said. In a statement, CREDAI said it believed that real estate developers will […]
Having put in place an interim authority much ahead of the central act, the Haryana government will notify the Haryana Real Estate Regulation Authority (HRERA) Act 2016 by July 15. The Union government had notified that the Real Estate Regulation Authority (RERA) Act should be in force from June 1. The act assumes importance in […]
After demonetisation, the Real Estate (Regulation and Development) Act or RERA is being enforced to realise the ‘housing for all’ initiative by the government, and the implementation of the upcoming Goods and Services Tax (GST) will further streamline the real estate segment in India. GST is designed to encourage transparency and ease of doing business […]
Come July 1, under-construction projects will attract a goods and services tax (GST) rate of 12%. Amid all the hullabaloo over the unified tax regime in the country, speculation is rife on would it lead to a hike in property prices? The members of CREDAI (RNE) Raj Nagar Extension, believe that property prices will go […]