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The provision of GST Act will consider renting out a real estate property as just supply of services and it would come under the domain of GST. But if the property is used for residential purpose and is rented out, it would be exempt of GST. In case the property is rented out for business or commercial purpose, 18% GST would be charged if the& ...Read More
News ID : 90
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RERA or the Real Estate Regulation & Development Act should have been passed earlier before it was passed actually to control builders' malpractices. Prime Minister Narendra Modi given a statement that it was his government which felt the grievances of homeowners who were living at the mercy of uncontrollable builders, after the ...Read More
News ID : 89
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Recently, a real estate company Jaiprakash Associate Limited has got some more time till January 25, 2018 to deposit Rs. 125 Cr. more to protect the affected property buyers' interest. So far, JAL has deposited Rs. 425 Crore already with the registry. It asked for two months of extension as it needed to deposit Rs. 125 Cr. more by Decemb ...Read More
News ID : 88
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The real estate market has seen a lot of slowdown for several years as RERA, Demonetization and GST had tri-fold strike on new launches and sales this year. But developers are still hoping for better future in 2018 in the form of affordable housing. A lot of real estate consultants and developers are expecting to see improvements in housi ...Read More
News ID : 87
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Recently, the Ministry of Housing & Urban Affairs approved up to 5 Lakh urban houses to be built as affordable units for beneficiaries who fall under PMAY (Pradhan Mantri Awas Yojana) Urban. The government has planned to invest up to Rs. 31,003 Crore to develop newly announced homes. The centre would fund Rs. 8,107 Cr in total. ...Read More
News ID : 86
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The Real Estate Regulatory Act (RERA) has been claimed to be customer-friendly as it promises to build accountability and transparency in the real estate sector and it has some strict policies and provisions, such as heavy penalty and 3 years of imprisonment for developers who don't comply with its rules. RERA also requires buyers t ...Read More
News ID : 85
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According to a top official, an office space provider, CoWrks has signed three deals to lease a commercial office space spread in over 2.25 lakh sq. ft. of landscapes in Gurugram and Mumbai. The company will also start one office in Mumbai and two offices in Gurugram. CoWrks chief executive said, “We are making a great move towards fo ...Read More
News ID : 84
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The subsidiary arm of debt-affected Jaypee Group, Jaypee Infratech expedites the speedy delivery of its 5100 apartments and plots by the end of March 2018 due to the fear of liquidation, so it could save itself from the consistent issues with lenders and homebuyers. In 2007, the company planned to build up to 32000 apartments and plots unde ...Read More
News ID : 83
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Despite a lot of changes in policy last year for the sake of added transparency, real estate market is still hottest for Indians. In 2017, over 15 lakh homebuyers searched for property aggressively, according to a report. A well-known property listing site Magicbricks prepares an analysis “How India Searched for Homes 2017”on co ...Read More
News ID : 82
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With the fear of constant rise in input prices, such as steel and cement, along with fastest establishment of real estate regulatory authority (RERA), real estate developers are seeking government intervention in Hyderabad. When talking about the marginal beginning of property show by CREDAI or the Confederation of Real Estate Developers As ...Read More
News ID : 81
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