Real Estate Sector | The Asian Age

Saturday, Apr 27, 2024 | Last Update : 09:54 AM IST

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GST rate on other categories was reduced to 5 per cent, effective April 1.

GST Council approves transition plan for new tax rates for real estate sector

Council had in its last meeting on Feb 24, slashed tax rates for under-construction flats in affordable category to 1 pc.

19 Mar 2019 2:13 PM

Currently all the schemes implemented by the governments are to create ownership-based affordable homes. (Photo: AP)

Govt needs to set up green channel for speedy hsg projects approval: MahaRera

Out of the 6,900 new projects launched and registered under MahaRera, nearly 80 per cent are less than 640 sqft.

16 Mar 2019 11:05 AM

GST reforms to boost realty demand: developers

To boost demand in the real estate sector, the GST Council in its recently held meeting, slashed tax rates for under-construction flats.

28 Feb 2019 5:02 PM

These rates will be without input tax credit availability for the developer. (Representational Image)

Reduced tax rate for real estate to bolster consumer sentiments: ICRA

GST Council in its meeting recommended reduction in GST rate on under-construction residential properties to 1 per cent.

27 Feb 2019 10:24 AM

Kant also asked builders to construct flats in 8-10 months to make projects viable as interest rates are very high in India.

Niti CEO asks realty developers to speed up delivery of homes

The Niti Aayog CEO also favoured lowering of GST on under-construction properties.

14 Feb 2019 10:54 AM

The GST Council had constituted a seven-member GoM on January 15 to give a boost to the real estate sector under GST regime.

GoM report on real estate expected soon

A senior government official said the GoM will submit the report to GST Council which is likely to meet on February 20.

14 Feb 2019 10:43 AM

Maharashtra received 4,893 complaints, of which orders were passed in 3,041 cases while hearing is on in 1,542 cases.

Homebuyers flood RERA regulators with complaints

RERA has become the most preferred authority for grievance redressal.

27 Nov 2018 10:39 AM

Indian realty sector has been struggling with unsold inventory, reducing buyers' confidence, delays in projects, and negative cash flows for quite some time.

Indian realty market to touch USD 1 trillion by 2030: survey

Of the total investments that have come in 2018, nearly 44 per cent are from foreign investors.

27 Sep 2018 1:38 PM

Billionaire Anil Ambani. (Photo: File/PTI)

RCom to exit telecom fully to focus on realty: Anil Ambani

Reliance Realty will be the engine of growth for the future of this company, says Anil Ambani.

18 Sep 2018 1:59 PM

The real estate sector has been limping from the past one year due to major reforms in the market brought by the centre.

‘Construction ban will affect real estate market’

Supreme Court has imposed ban on Maharashtra, Uttarakhand and MP.

02 Sep 2018 6:23 AM

Housing sector gained prominence in inflows with the highest ever inflows in 10 quarters.

PE investment in real estate up 15 pc in Jan-March to Rs 16,530 cr

PE investment in real estate stood at Rs 14,340 crore in the year-ago period.

30 Apr 2018 1:35 PM

Sales rose maximum in Noida by 69 per cent during January-March 2018 to 7,933 units compared with the year-ago period.

Housing sales up 33 pc in March quarter in 9 cities: PropTiger

Sales grew by 40 pc in Mumbai at 25,281 units, 25 per cent in Chennai at 5,075 units and 16 per cent in Kolkata.

17 Apr 2018 1:04 PM

Sector employed over 40 million workforce in 2013, and as per projections, it is slated to employ over 52 million workforce by 2017.

Realty, construction to generate 15 mn jobs by 2022: Economy Survey

Over 80 per cent of employment in real estate and construction constitutes minimally skilled workforce.

29 Jan 2018 4:48 PM

Bihar Finance Minister Sushil Modi. (Photo: PTI)

Council may bring petrol, realty under GST in future: Sushil Modi

Both states and Centre earn 40 per cent of their revenue from petroleum products at present.

14 Dec 2017 6:08 PM

The report, titled 'Emerging trends in real estate-- Asia Pacific 2018', is based on the opinions of over 600 realty professionals including investors.

GST, note-ban have lowered cities' real estate ranking: report

Most international investors prefer commercial property in India, with cap rates averaging between 8.5 and 8.75 pc.

20 Nov 2017 7:06 PM

Fitch said the implementation of the new law would continue to reduce the pace of new launches as developers focus on completing existing projects.

Fitch gives stable outlook to realty market; unsold stock to drop

Unsold inventory for a sample of seven large developers increased to Rs 668 billion at the end of 2016-17.

20 Nov 2017 4:58 PM

Funds from Europe contributed about 14 per cent, while domestic and regional sources saw a decline in share of capital invested in India.

Realty investment in 6 top cities doubles to USD 2.87 billion

Mumbai recorded real estate investments of USD 1,749 million, placing it on 81st position in global survey.

30 Oct 2017 3:06 PM

Housing sales dip 18 per cent in 9 major cities in Jul-Sept quarter

New launches of homes fell by 53 per cent to 22,115 units in the second quarter of the current fiscal.

26 Oct 2017 3:22 PM

TREDA members are in the process of constructing a total of 8,691 units under the 2-bedroom housing project of the state government.

Property rates to go up in Telangana in few months: Realtors

In the next few months prices to go up by around Rs 400 to Rs 450 per sq ft because of demonetisation, RERA and GST.

23 Oct 2017 6:53 PM

Finance Minister Arun Jaitley. (Photo: PTI)

Govt to discuss bringing real estate under GST in Nov: Jaitley

The Indian real estate market is expected to touch USD 180 billion by 2020.

12 Oct 2017 1:36 PM

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Farrukh Dhondy