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GST Council to clarify real estate concerns

GST Council to clarify real estate concerns

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 […]

Indian realty to become trillion dollar industry by 2030

Indian realty to become trillion dollar industry by 2030

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 […]