India's real estate sector jumped five spots to rank 34 on JLL and LaSalle's Global Real Estate Transparency Index (GRETI), an acknowledgement by global investors of the efficacy of reforms, clean market data and enhanced sustainability initiatives. India's real estate sector is still considered ... Read more...
Warehousing demand has seen strong growth in the last few years and has recorded a significant rise of 44% CAGR since 2017, mostly after the introduction of Goods and Services Tax (GST). In their latest report ‘India Warehousing Market Report – 2020’ Knight Frank India estimates that existi... Read more...
Real estate companies that opted for lower GST rates of 1 per cent and 5 per cent from April 1, 2019, but could not procure 80 per cent of the total supplies from registered dealers, will have to pay tax on the shortfall in such procurement by June 30. The GST Council had allowed real estate play... Read more...
CREDAI representing more than 20, 000 developers across the country has written an open letter to PM Sh. Narendra Modi seeking immediate measures to revive the ailing real estate sector, which remains one of the most affected sectors due to COVID 19. According to CREDAI, The sectors survival i... Read more...
Mall developers and shopping centre owners have sought immediate relief from the government and financial institutions ax the organised retail industry has suffered losses of over Rs 90,000 crore The assistance demanded includes an extended moratorium on loans, access to short-term financing, a o... Read more...
May 2020 ,
by Realty Plus in Realty+ Connect
Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure Limited “We were hopeful that the FM’s economic package will provide some momentum to the ailing sector to put it back on the path of sustainable growth. We welcome the Government’s decision to treat the COVID-19 period as... Read more...
May 2020 ,
by Realty Plus in News/Views
In a relief for homebuyers, the registration department in Tamil Nadu has clarified that ready to occupy new apartments and buildings need not have to pay stamp duty and registration fee. The move comes in the wake of some sub-registrar offices demanding to register the apartments attracting stam... Read more...
May 2020 ,
by Realty Plus in News/Views
At the recently organised ASSOCHAM Webinar on ‘Covid 19 – Impact on Residential Properties and the way forward’ Pradeep Aggarwal, Chairman, National Council on Real Estate and Housing, ASSOCHAM & Chairman, Signature Global India Pvt Ltd. emphasized that the Real Estate sector being the sec... Read more...
May 2020 ,
by Realty Plus in News/Views
With the number of 'stressed' real estate projects likely to increase due to the ongoing lockdown, global consultancy firm EY has recommended doubling of special stress fund to Rs 50,000 crore to provide liquidity to developers to complete stalled affordable housing projects. Last year, the gover... Read more...
Jan 2020 ,
by Realty Plus in Interviews
The arrival of New Year is raising expectations of a new dawn. Dr. R. Kumar from Navin's speaks about real estate sector struggling in 2019 is expected to see a revival in the New Year. There are several indicators which point to positive Turnaround in the Real Estate sector which we will discuss ... Read more...