GST rates on under-construction houses maybe reduced from 12 pc with input tax credit to 5 pc without ITC. Similarly, the rate for under-construction affordable houses could come down to 3 per cent without input tax credit, from the current 8 per cent.
A forecast by this international real estate consultancy suggests that 'in Mumbai, rentals will fall for some more months and bottom out in the second half of next year, while in the national capital region, rents may bottom out in the second half of the current financial year in most areas.' In both metros, the correction in rents would be between 40 to 60 per cent by the first half of next year of their peaks in 2007-08.
Modi's demonetisation move has hit the real estate market in Delhi and Mumbai
Are you planning to buy a flat in the near future? If yes, then should you wait for another 6-9 months given the global meltdown in financial markets?
'The government has just scratched the tip of the surface with the recent announcement. They are not realising the gravity of the situation.'
The real estate action is no longer limited to the large metropolises of India but has now permeated to the burgeoning smaller towns and cities.
An interview with Kekoo Colah, executive director of Knight Frank (India) Pvt Ltd.
While the inflation in real estate industry is unprecedented, the government has done a lot to check the incresing prices, says Gulam Zia.
The Reserve Bank of India's recent move will make home loans up to Rs 20 lakh cheaper. But that would be just good enough to buy you a house in Tier-II and Tier-III cities.
Bidders have to deposit a security fee of Rs 25 crore as well as minimum guarantee fee.
The RBI has lowered interest rates by 1.25 per cent since January.
Karan Choudhury reports on the implications of the strict Real Estate (Regulation and Development) Act and the prosecution of Unitech MDs, Sanjay Chandra and Ajay Chandra, in an alleged fraud case.
Effects of the new schemes launched under the Pradhan Mantri Awas Yojana would be felt more in tier-II and tier-III cities, as not many budget or affordable housing projects are in the works in metropolitan cities.
Falling sales since demonetisation has alarmed CEOs, who want to save cash till the economy recovers.
Given the current global cues, if the next six months do not turn out to be the way we would want it to, we are definitely looking at a very gloomy start to 2016.
Launch of new residential projects in top eight cities -- Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, National Capital Region (NCR) and Pune -- came down by 41 per cent in first half of 2017.
'This is a historic juncture when the US is in great need of an alliance with India to strengthen its hands in the fierce struggle with China in the Asian theatre,' points out Ambassador M K Bhadrakumar.
What's the mantra for reviving ghost malls? Most important, a right mix of products. They also need to transform into community spaces.
Rera's implementation is patchy across states, and the powers of the regulator to enforce its orders are also limited.
Leasing activities of office and retail spaces would not be affected much.
Budget fails to cheer realty players.
Currently, there's a shortfall of 23 million houses in India.
It's something to remember as New Delhi welcomes Sheikh Hasina, says Sunanda K Datta-Ray.
'India needs to learn in Kashmir how to spread development.' 'Pakistan needs to learn in Balochistan how to spread development.' 'China needs to learn in Xinjiang and Tibet.' 'And if they can show tangible benefits, there will be less terrorism.' 'No one wakes up in the morning saying 'I want to kill myself', right?'
Most buyers are forced to back off in the face of delays because of the appreciation of the property.
Usually, online and offline discounts are similar. If discounts are too high, check builder's credentials.
Hailing clear majority for Narendra Modi-led BJP in the polls, real estate experts on Friday said a stable government at the Centre will help revive the property market.
Mumbai and Bengaluru also featured among the list of top five global cites in terms of future rental growth.
Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
The inventory has risen to 83 months in the National Capital Region and 50 months in Mumbai.
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The Companies Bill asked for promoting gender diversity by specifying induction of a minimum number of women directors
Discounts up to 15% expected this festive season; analysts expect October-December period to garner sales of at least 60K units across seven major cities.
Gandhi said there's a lot of space for cooperation between the United States and India in the creation of jobs and in the education sector.
Realty sector is facing a huge slowdown for last 3-4 years, leading to a significant delays in possession of flats to customers.
The trust deficit has widened with buyers losing confidence in a developer's ability to construct and deliver a project on time.
These exist in a unique world of by-invitation-only properties -- those that are never advertised and which money alone cannot buy. One cannot simply walk in for a tour of these apartments. A buyer must first meet the developer's targeted social criteria to get invited for a walkthrough of the property.
There is also scope for buyers to negotiate for discounts.
The new law would boost home buyer confidence as well as investment in the realty sector.
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