Builders in Mangaluru and Hubballi-Dharwad are grappling with a shortage of skilled labour, rising cost of raw materials and a demand slump, challenges triggered by the second wave of Covid and the resulting lockdown. But the impact has been less severe on the real estate sector in Mysuru, where the... Read more...
Housing and Urban Affairs Secretary Durga Shanker Mishra addressing realtors body NAREDCO said the government will look into various demand of the real estate industry, including an extension of timeline for completion of projects by 6-9 months. He highlighted various initiatives taken by the govern... Read more...
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman handed over possession to homebuyers virtually as Government of India’s Special Window for Affordable & Mid-Income Housing (SWAMIH) completed its first residential project. The residential project - Rivali Park, loca... Read more...
Real estate startups Unitern Advisors Pvt Ltd and Flow Realty have come together to form a strategic partnership to offer end to end business solutions to RE developers. This collaboration will address the crucial issues faced by RE developers in the last 5 years with policy and environment change... Read more...
The UP bench of the Authority of Advance Ruling (AAR) has ruled that corporate social responsibility (CSR) expenses incurred by a company in the course of business are eligible for input tax credit under goods and services tax (GST) regulations. It pointed out that CSR expenditure is incurr... Read more...
The central government is in favour of merging the goods and services tax (GST) rates of 12% and 18% into a single slab. Acceding to a demand first made by some states and endorsed by the Fifteenth Finance Commission (FFC). GST Council, India’s federal indirect taxes body, may discuss the matter a... Read more...
Asserting that there have been record GST collections in the past few months, Union Finance Minister Nirmala Sitharaman announced a proposal to remove 400 old exemptions and take every possible measure to reduce anomalies. Sitharaman's assertions came a day after the Finance Ministry on 31st January... Read more...
Alok Saraf, Associate Partner, Grant Thornton Bharat LLP The real-estate industry, passing through protracted recession even before the pandemic which worsened it manifold, pins its hope on the Budget for swift revival. The sector expects a two-pronged approach from the Budget — a just GST regi... Read more...
Hardeep Singh Puri Minister of India and Ministry of Housing and Urban Affairs said in an article that RERA has infused governance in a hitherto unregulated sector. Along with demonetization and GST, it has, to a large extent, cleansed the real estate sector of black money. It has transformational p... Read more...
Ashok Mohanani, President - NAREDCO Maharashtra The much-awaited budget 2021-22 is expected to bring a ray of hope as industry looks forward to a favourable budget this year. Although the Central and State Government has rolled out several reforms and incentives during the past quarters to restor... Read more...