These 7 Pointers Can Make the Affordable Housing Dream a Reality

Large-scale affordable housing in cities is the greatest necessity of urban India today. Because Indian cities have such a severe shortfall on this front, we are seeing the proliferation of slums and unorganized real estate. These are detrimental to planned growth of our cities. Large-scale urban developments - the only way to create affordable housing in the required...

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Important Legal Documents That Home Buyers Should be Aware of Before Buying a Property

Buying real estate property can be an expensive affair and it is next to impossible to buy a house without financial assistance. It is therefore necessary to take precautions and ensure that the hard earned money invested into such property is not only safe but secured to the fullest extent. This highlights the need for a proper due diligence. Also, a purchaser...

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GST on real estate: Effective GST rate on under-construction real estate at 12%

The GST Council had in May decided to levy 12 per cent GST on construction of a complex, building, civil structure or intended for sale to a buyer, wholly or partly. The effective GST rate on under- construction real estate projects will be 12 per cent only and not 18 per cent as there will be abatement for land cost, according to tax consultant EY. Realtors' body CREDAI...

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Haryana Govt Working to Benefit all Private Builders

A senior official in the DTCP, which was of the subjects of Aggarwal’s ire in the assembly, said the MLA has not been able to substantiate his allegations because there is no wrongdoing. Umesh Aggarwal, Gurugram’s BJP MLA, on Wednesday defended his line accusing the Manohar Lal Khattar regime of tweaking affordable housing rules to favour real estate companies, a day...

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Govt to Soon Announce Relaxations in Foreign Direct Investment

The government last year relaxed FDI norms in over a dozen sectors, including defence, civil aviation, construction and development, private security agencies. The government is expected to soon announce relaxations in the foreign direct investment (FDI) policy in certain sectors, including single brand retail. The further liberalisation in the FDI policy is aimed at providing...

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