Hurt by GST, builders speed up high-end projects

Hurt by GST, builders speed up high-end projects

Property developers are rushing to complete high-end residential projects as buyers prefer ready-to-move-in homes to save on goods and services tax (GST) for under-construction projects. According to Mint newspaper big and mid-sized real estate firms with healthy...
Structural changes give a boost to real estate market

Structural changes give a boost to real estate market

Those who viewed the reforms that the central government brought to India’s real estate sector with scepticism are now backing the new regulations as they have resulted in transparency and helped clean up the business practices. Thanks to the Real Estate (Regulation...
AP launches 500,000 houses at cost of Rs 380 billion

AP launches 500,000 houses at cost of Rs 380 billion

Chief minister N Chandrababu Naidu has directed officials to meet the target of completing 100,000 houses by Gandhi Jayanthi this year. His ambitious plan is to build 500,000 houses in all 13 districts by the end of 2019 at a cost Rs 382.66 billion. He has asked the...
NAREDCO lobbies for reduction in GST

NAREDCO lobbies for reduction in GST

India’s powerful builders’ body says their demand for reduction of Goods & Services Tax (GST) on under construction projects has not received the support that they expected from the recently presented Union Budget. To incentivise home buyers, National Real...
Affordable housing for all

Affordable housing for all

A recent report analysing the Indian realty sector developments points to its importance to the economy and the kind of investment that is flowing into this sector, even from global equity and fund managers. There is no doubt that since economic liberalisation began...