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The interim budget was presented by interim Finance Minister Piyush Goyal on Friday, 1st Feb and the real estate sector had a huge reason to rejoice as several direct and indirect measures were proposed for the ailing sector. According to Goyal, “We are poised to become a five trillion dollar economy in the next five […]
In the recent GST council 33rd meeting which was held on 24th Feb 2019 took some important decisions based on the inputs given by many of the industry experts and GoM. The GST council slashed the GST rate on under construction houses form 12 percent to 5 percent for the better. The GST rate cut […]
The GST Council is likely to meet next week via video-conferencing to approve the rules related to under-construction buildings. It will clarify the grey areas governing the rule, according to a senior finance ministry official. In its last meeting, the council had reduced Goods and Services Tax (GST) rate for under-construction buildings from 12 percent […]
Estimates suggest that from $120 billion in 2017, the Indian real estate sector has the potential to evolve into a $650-billion industry by 2025. During this colossal transformation, the sector’s contribution to GDP is projected to go up from the present 7 percent to 13 percent. Even as the new paradigm in post-RERA scenario ensures […]