Housing prices fell by an average 7 percent during January-March in nine major cities over the previous quarter as developers cut property rates to boost their sluggish sales, according to real estate research and analytics firm PropEquity. Unsold housing stock fell by 2 percent to 5,95,074 units... Read more...
The benefits of the Goods and Services Tax to the end customer would be seen primarily in the future projects and the projects executed post implementation of GST, says a report by JLL and PwC. The report ‘Impact of GST on Residential markets’ covers the overall impact of GST on homebuyers, p... Read more...
With the dynamics of the real estate sector changing in post-Rera and GST era, developers are increasingly becoming dependent on channel partners to push sales through innovative ideas. "Channel partners have started adding more value in marketing and sales. They are increasingly acting as adviso... Read more...
India's real estate sector is projected to reach USD 180 billion by 2020 from USD 126 billion in 2015, according to a joint report by CREDAI and JLL. Investment inflows in the housing sector since 2014 have been Rs 59,000 crore, about 47 per cent of the total invested money in real estate, it... Read more...
Cement demand in India is likely to grow about 4.5 per cent in 2018-19 on the back of pick-up in housing segment, and higher infrastructure spend, rating agency ICRA said. Domestic cement production during April-December 2017-18 stood at 216.5 million metric tonne (MMT), higher by 2.7 per cent compa... Read more...
With the real estate market beginning to adjust to various reforms like demonetisation, GST and RERA, most Indian metros witnessed recovery with sales improving, while property prices corrected or maintained status-quo, a survey said. According to the survey by property portal 99acres.com, most of t... Read more...
New home launches in nine cities across the country dropped by nearly 18% on year during the fourth quarter (Oct-Dec) of Calendar 2017 to 13,666 units, according to a report by PropEquity. Lack of new launches was due to developers focussing on compliances with RERA and implementation of GST. The... Read more...
The Goods and Services Tax (GST) council has recently reduced the rates of GST for homes purchased under the Credit Linked Subsidy Scheme (CLSS). For under-construction homes that form a part of CLSS will now be charged GST at 8 percent instead of 12 percent, a cut of 4 percent. This decision has ... Read more...
The FIABCI International hosted a panel discussion on Pre-Budget expectations 2018-19, voicing the views of Bengaluru’s developer community along with other stake holders in the real estate sector for the forthcoming financial year. The panellists included Mr. Farook Mahmood, FIABCI World Presi... Read more...
The Goods and Services Tax (GST) council in its meeting held on 18th January has recommended concession in the rates GST for homes purchased under the Credit Linked Subsidy Scheme (CLSS). For under-construction homes that form a part of CLSS will now be charged GST at 8 percent instead of 12 perce... Read more...
