The top 7 cities currently have a total stock of 5.6 lakh delayed housing units worth a whopping INR Rs 4,51,750 Cr. These units were launched either in 2013 or before that. Lakhs of buyers across top cities – particularly MMR and NCR – have been left in limbo, leading to inconceivable mental stress and financial pain
India Ratings and Research (Ind-Ra) has maintained a stable outlook on commodity and consumption-linked sectors while maintaining a negative outlook on thermal power, public sector…
With affordable housing now being defined within INR 45 lakh budget, more properties qualify for this ‘sweet spot category. The GST cut, coupled with this critical change in definition, will induce more sales in homes falling in this budget range – a win-win for both builder and buyers
Indian façade industry worth INR 15,000 Cr, growing 20% annually; global façade market to reach USD 340 billion by 2024 Fenestration and curtain wall industry…
After decent growth of co-working segment in the last few years, it’s now co-living space which is creating a buzz in India and has potential to become USD 93 billion market annually on rising demand from students and professionals
We must temper our optimism with realism and not expect major boosts for the real estate sector in the Interim Budget. In other words, let’s be realistic and not overly optimistic.
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.
If you are looking to buy a property or have already invested in one, you will know that there are tax implications involved. Let’s first examine the tax on property purchase and then elaborate on how one can save on it via tax exemptions and deductions.
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.