Real Estate News

GST cut to boost sales of under-construction flats; no ITC may hit builders' profit margin: Moody's

GST cut to boost sales of under-construction flats; no ITC may hit builders' profit margin: Moody's

The GST Council had on Sunday decided to cut goods and services tax (GST) rate on affordable homes to 1 per cent without input tax credit (ITC) from earlier 8 per cent with ITC.

Feb 27, 2019, 13:56 PM IST
SBI opens bids for mega e-auction of over 1000 properties: Date, requirement and more

SBI opens bids for mega e-auction of over 1000 properties: Date, requirement and more

SBI said that there is designated contact person also for auction at the Branches whom prospective buyers may approach.

Feb 26, 2019, 14:58 PM IST
Govt approves over 5.6 lakh houses under PMAY for urban poors

Govt approves over 5.6 lakh houses under PMAY for urban poors

The cumulative number of houses sanctioned under PMAY(U) now is 79 lakh.

Feb 26, 2019, 12:44 PM IST
10,300 newly-built flats on offer: Know all about DDA 2019 housing scheme

10,300 newly-built flats on offer: Know all about DDA 2019 housing scheme

The scheme, however, will be an online one so application and other processes will be done online.

Feb 26, 2019, 11:55 AM IST
Amrapali home buyers may get relief soon; work on various stalled projects to be started

Amrapali home buyers may get relief soon; work on various stalled projects to be started

By Diwali this year, NBCC plans to complete work on over 5000 flats.

Feb 25, 2019, 15:08 PM IST
GST on under-construction flats, affordable housing slashed: Here are the benefits for home buyers

GST on under-construction flats, affordable housing slashed: Here are the benefits for home buyers

The new rate shall become applicable from April 1, 2019.

Feb 25, 2019, 12:58 PM IST
GST on under-construction flats slashed to 5%; affordable housing to attract 1%

GST on under-construction flats slashed to 5%; affordable housing to attract 1%

In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without the input tax credit, from the existing 12 per cent, Finance

Feb 24, 2019, 18:07 PM IST
Cabinet approves Phase-2 of Pradhan Mantri Awaas Yojana

Cabinet approves Phase-2 of Pradhan Mantri Awaas Yojana

The government has also decided to continue the Program Management Unit (PMU) and National Technical Support Agency (NTSA) till 2019-20.

Feb 20, 2019, 11:45 AM IST
Indian Railways to deliver affordable housing, to start work at select stations

Indian Railways to deliver affordable housing, to start work at select stations

IRSDC, which is responsible for redevelopment of the railway station, will now construct affordable housing.

Feb 13, 2019, 15:50 PM IST
GST meet: Govt may announce big relief for home buyers next week

GST meet: Govt may announce big relief for home buyers next week

The ministerial panel was set up last month to analyse tax rates and issues/challenges being faced by the real estate sector under the GST regime.

Feb 13, 2019, 11:33 AM IST
PM Modi to address CREDAI's conference today

PM Modi to address CREDAI's conference today

The Prime Minister will also visit the exhibition organized by CREDAI.

Feb 13, 2019, 09:42 AM IST
Modi govt to give big bonanza to home buyers before elections: Sources

Modi govt to give big bonanza to home buyers before elections: Sources

Currently, home buyers under CLSS have to wait for nearly 3 to 4 months for disbursal of subsidy.

Feb 11, 2019, 16:27 PM IST
Housing sales in southern cities higher than north and west India in 2018: Anarock

Housing sales in southern cities higher than north and west India in 2018: Anarock

According to a report, housing sales in the main southern cities collectively rose by 20 per cent as against 18 per cent rise in the north and 15 per cent in the west.

Feb 11, 2019, 12:17 PM IST
GoM may recommend 3% GST for affordable housing, 5% for under construction properties: Sources

GoM may recommend 3% GST for affordable housing, 5% for under construction properties: Sources

The GOM, headed by Gujarat Deputy CM Nitinbhai Patel, is expected to give its recommendations to the GST Council in two days.

Feb 08, 2019, 14:56 PM IST
One in every 5 home buyers needs to wait for 10 yrs to get possession: Survey

One in every 5 home buyers needs to wait for 10 yrs to get possession: Survey

Almost 50 percent of home buyers had to wait for three years to get possession of their dream homes.

Feb 08, 2019, 10:00 AM IST
Interim Budget 2019: FM Goyal announces big relief for residential housing sector

Interim Budget 2019: FM Goyal announces big relief for residential housing sector

Goyal also proposed that the TDS threshold for deduction of tax on rent to be increased from Rs 1,80,000 to Rs 2,40,000 for providing relief to small taxpayers.

Feb 01, 2019, 16:39 PM IST
New metro rail line to boost housing demand in Noida, Greater Noida

New metro rail line to boost housing demand in Noida, Greater Noida

The new metro rail service, called Aqua line, runs through 21 stations -- 15 of them in Noida and six in Greater Noida -- and covers a distance of 29.7 km.

Jan 28, 2019, 13:01 PM IST
Bengaluru top list of world's most dynamic cities: Survey

Bengaluru top list of world's most dynamic cities: Survey

With 19 of the top 20 cities from Asia Pacific, the rankings highlight and showcase the region's continued rapid urbanisation and strong economic growth.

Jan 15, 2019, 17:35 PM IST
Bank of Baroda to raise up to Rs 1,285 cr via Basel III bonds

Bank of Baroda to raise up to Rs 1,285 cr via Basel III bonds

Shares of the state owned bank closed 3.16 percent down at Rs 119.40 apiece on the BSE.

Jan 03, 2019, 10:58 AM IST
Housing prices rise by up to 22% in 33 cities during April-June FY19: NHB

Housing prices rise by up to 22% in 33 cities during April-June FY19: NHB

For under-construction properties, housing prices went up in 39 cities by up to 17 percent and declined in 8 cities by up to 8 percent and remained stable in 3 cities.

Jan 03, 2019, 10:57 AM IST