Builders Forecast Affordable Housing Prices Falling by 3-4%

The recent implementation of GST (Goods and Service Tax) is looking to cut down the cost of affordable housing although it depends on the developers also. If they don't enhance accommodation prices to get enough money to repay investment return during this period, the prices can be controlled with the help of practice of GST. After implementation of goods and service tax (GST), now the developers have to cut on the cash component and source their...

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Developers in India Hope for Property Boost From Goods and Services Tax

Albert Einstein said that the hardest thing to understand in the world is income tax. At present, there are several taxes levied at the state and central level. Such a system has led to rise in the final prices of the goods and services. The government is all set to roll out the Goods and Service Tax (GST) Act from July 1, 2017. GST is a single tax rate that will replace all the existing indirect taxes by the State and the Central government....

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How GST will Impact Real Estate Sector in India

The real estate sector in India is one of the most important revenue generating sector in the country. Real estate in India contributes around 6% to the GDP and generates demand in more than 250 odd ancillary industries. Over the past few years, the real estate in India has witnessed a phenomenal growth not only in the metropolitan cities but also in Tier II and Tier III cities. However, the main complaint against the real estate industry is...

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