The need is to look beyond minimal tax sops and consider whether they actually make homes affordable and catalyze sales. Perhaps, instead of constantly looking for tax sops, we need to question the very fundamentals of pricing in real estate.
The Government’s much-touted aim to deliver Housing for All by 2022 may not have met with spectacular success in terms of on-ground deployment, but it…
Until now, all properties that were treated as ready-to-move-in were out of GST ambit, so buyers had significant choices. However, after a recent announcement, projects which are ready-to-move-in but do not have completion certificates will attract GST.
The Year 2018 was a veritable roller-coaster ride for the Indian real estate. Despite signs of recovery across segments, the liquidity crunch – further exacerbated by the NBFC crisis – put all industry stakeholders on tenterhooks.
As of November 26, 2018, although 63 lakh houses had been sanctioned, only 12 lakh have been constructed, while 23 lakh are under construction. Andhra Pradesh, Uttar Pradesh, Maharashtra, Madhya Pradesh and Tamil Nadu together accounted for 55% share of the sanctions. The ministry aims to sanction 75 lakh houses and construct 30 lakh of them by the close of this fiscal.
An improvement in end-user participation on rising affordability, increasing launch of units with mid-income ticket sizes, and implementation of the Real Estate (Regulation and Development)…
56% home buyers choose RERA for filing first complaint, reveals Magicbricks Consumer Poll Within just over a year of its implementation, Real Estate (Development and…
The previously failed attempts by the State Government to rebuild Mumbai’s Dharavi have now prompted a new angle – the area is now being promoted as Mumbai’s new business district.
Burgeoning commercial activity, a cutting-edge start-up culture and realistic property prices dictated by end-user demand have kept Bengaluru’s real estate market vibrant, and generally more resilient than in other cities.
Despite the ongoing pain in Indian real estate, both housing sales and new launches have increased q-o-q. The future depends on a favourable macroeconomic environment in 2019.