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Zee Media Exclusive: GST will lead to increased tax compliance, says Finance Minister Arun Jaitley

Zee Media Exclusive: GST will lead to increased tax compliance, says Finance Minister Arun Jaitley

Discussing various intricacies associated with GST, FM Jaitley explained how more efficient tax system will lead to increased compliance in the country.

NAREDCO writes to PM; seeks 6% GST, exemption to low-cost home

NAREDCO writes to PM; seeks 6% GST, exemption to low-cost home

Realtors' body NAREDCO has written to the Prime Minister seeking lower GST of 6 percent on sale of under-construction property from 12 percent as higher tax will lead to price rise and affect sales.

Signature Global to invest Rs 400-crore in two Gurugram projects

Realty firm Signature Global will invest Rs 400 crore to develop two new affordable home projects in Gurugram as part of its expansion plan in low-cost housing segment.

New rules to make realty free of undesirable activity: Parekh

New rules to make realty free of undesirable activity: Parekh

HDFC Chairman Deepak Parekh on Friday termed government policies on housing as practical and implementable and expressed hope that new regulations will stop "undesirable activity" practiced by some realtors.

Adani Capital invests Rs 50 crore in PRA Realty's project in Pune

Adani Capital invests Rs 50 crore in PRA Realty's project in Pune

Adani Capital, the NBFC arm of the Adani Group, will invest Rs 50 crore in PRA Realty's project in Pune.

Builders must pass on lower GST to buyers: Finance Ministry

Builders must pass on lower GST to buyers: Finance Ministry

The government on Thursday asked builders to pass on the benefit of lower tax under the GST system to buyers by reducing prices and instalments, otherwise the action will be violative of the anti-profiteering clause.

DLF's annual rental income to rise 12% at Rs 2,900 crore in FY18

DLF's annual rental income to rise 12% at Rs 2,900 crore in FY18

Realty major DLF's total rental income will rise by 12 percent to about Rs 2,900 crore this fiscal on better realisation from existing commercial assets and addition of new properties in Chennai and Delhi.

Mumbai real estate: `launches in Q1 of 2017 dipped by 24%'

Mumbai real estate: `launches in Q1 of 2017 dipped by 24%'

The real estate project launches in Mumbai dropped by 24 percent in the first quarter of 2017, a recent survey said.

IT-ITeS sector leases 10% more office space in 2016

IT-ITeS sector leases 10% more office space in 2016

Office space leasing by IT and ITeS companies rose by 10 percent last year at 16.81 million sq ft with Bengaluru and Hyderabad absorbing more than 50 per cent of this space, according to JLL India.

Launches of new homes dips 8% in last fiscal

Launches of new homes dips 8% in last fiscal

Housing sector witnessed 8 percent decline in new launches to 1,08,200 units in eight top cities during the last fiscal, mainly due to new real estate law and poor sales post demonetisation, according to a report.

MFs plan schemes to cash in on housing for all mission

Mutual fund houses plan to come up with special schemes focused on the housing sector that is expecting a big boost from the Centre's 'Housing for All by 2022' mission.

Mumbai, Delhi, 7 other Indian cities in JLL's global 300

Mumbai, Delhi, 7 other Indian cities in JLL's global 300

Mumbai, Delhi and seven other Indian cities have featured in the list of 300 global cities for being in the focus of commercial activity and interest, according to property consultant JLL.

DLF's sales booking down 63% at Rs 1,160 crore in FY17

DLF's sales booking down 63% at Rs 1,160 crore in FY17

Realty major DLF's net sales bookings fell sharply by 63 percent to Rs 1,160 crore during the last fiscal due to demand slowdown in the property market.

Raymond shares see huge selling;tank 10% on land deal concerns

Shares of Raymond came under massive selling pressure today, plunging nearly 10 percent in early trading session after proxy advisory firm IiAS warned that a proposed real estate deal will result a loss of over Rs 650 crore for the company and its shareholders.

CREDAI seeks abolition of stamp duty on landed property

CREDAI seeks abolition of stamp duty on landed property

Real estate sectoral body CREDAI has urged the state governments to do away with the stamp duty on landed property to eliminate multi-point taxation after the introduction of GST.

PE investment in realty dips 4.6% to Rs 9,600 cr in Q1 2017

PE investment in realty dips 4.6% to Rs 9,600 cr in Q1 2017

Private equity investment in real estate fell 4.6 percent to nearly Rs 9,600 crore during the January-March period of this year even as office segment saw the highest inflow since 2009, according to property consultant Cushman & Wakefield.

JLLR to hire 650 housing brokers, invest Rs 150 crore this year

JLLR to hire 650 housing brokers, invest Rs 150 crore this year

Property consultant Jones Lang LaSalle Residential (JLLR) will hire about 650 professional brokers and invest about Rs 150 crore this year to expand its presence in both offline and online housing brokerage market.

Supertech to expedite project completion with Rs 1,500 crore investment

Supertech to expedite project completion with Rs 1,500 crore investment

The real estate sector has been traversing through challenging times and resultant impact has been felt on the demand for residential real estate projects.

Average office rent rises 1% in Delhi-NCR in Jan-March: JLL

Average office rent rises 1% in Delhi-NCR in Jan-March: JLL

Office rent rose marginally by 1 percent in the Delhi-NCR market during the January-March quarter of this year, according to property consultant JLL India.

 

Follow norms,address buyers' concerns: Haryana govt to builders

The Haryana government on Saturday asked real estate developers to follow its guidelines related to development of housing projects and also asked them to address all legitimate concerns of buyers.