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GST Council slashed tax rates for under-construction flats to 5 per cent and affordable homes to 1 per cent, effective April 1. Watch this video to know more

GST reduction on housing will really benefit public?

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 Minister Arun Jaitley said. 


GST rates slashed for under-construction flats, affordable housing

Housing sales get this big boost

Even though this massive good news has come their way, experts say there are many challenges still ahead and this may not exactly be the case where homebuyers will get their hard-earned money back instantly. In fact, they may run into an implementation wall when the time comes for them to get their money.

Homebuyers strike big blow against builders, but may run into this wall now     

Unsold inventory decreased by 2% from 7.27 lakh units in Q4 2017 to 7.11 lakh units by Q1 2018. Sales across top 7 cities of India rose 12% compared to Q4 of 2017, as new rules brought transparency, accountability and&nbsp; financial &nbsp;discipline in this space

New housing launches increase 27% in Q1 across top 7 Indian cities: Report

The National Steel Policy&nbsp;2017 envisages a crude steel capacity of 300 MT by 2030-31

 India’s crude steel output grows 6.18% in 2017

Uptick in CPI inflation validates caution displayed by MPC: ICRA

"Godrej Properties Ltd has entered into a development management agreement with Shivam Realty to develop a residential group housing project off the Akurli cross road at Hanuman Nagar, Kandivali East, Mumbai," the company said in a statement.

Godrej Properties adds new housing project in Mumbai

Ficci in its latest survey has projected India's economy to grow 6.8% for the year 2016-17.&nbsp;

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey 

After Binny Bansal lost operational control of Flipkart, Zivame founder followed in the same direction this week.

First Flipkart and now Zivame: Start-up founders are being relegated thick and fast

Note Ban Impact: Corporate earnings to dip to 4% in third quarter 

Interest Rate Cut: Real estate companies expect more to boost demand for housing 

In Karnataka, 12,371 dwelling units will be constructed in 8 cities under Affordable Housing in Partnership component of Pradhan Mantri Awas Yojana (Urban) for rehabilitation of slum dwellers.

Investment of Rs 1,500 crore approved for urban poor housing in Karnataka, Haryana

Housing and urbanization come under the purview of State Governments. Central Government’s schemes namely Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Rajiv Awas Yojana (RAY) and Pradhan Mantri Awas Yojana (Urban) - Housing for All {PMAY (U)-HFA} are being implemented for providing low cost houses and related civic amenities to urban poor including slum dwellers.&nbsp;

2.2 lakh houses for poor constructed in two years, Naidu says

There has been a low demand for houses in the residential property market which has left the real estate developers with an unsold inventory.

 Rajan's call to developers to cut housing prices fall on deaf ears, naturally

housing

Indian Railways has cut bulk-cement freight charges to a flat Rs 0.90 per tonne per km, scrapping old slab-based rates. The move aims to reduce cement prices, support affordable housing and speed up multimodal logistics.

Railways cuts freight charges for bulk cement transport: What’s the new rate?

The Centre, in consultation with the states, will evolve a mechanism to ensure that land prices for affordable housing projects are kept relatively lower than those for other housing segments, particularly under PMAY, said Manohar Lal Khattar, Minister of Housing &amp; Urban Affairs.

Centre to persuade states to lower land prices for affordable housing: Manohar Lal Khattar

Housing sales across nine major cities dropped 9 per cent to nearly 4.71 lakh units in 2024 on lower demand as well as fall in fresh supply, according to PropEquity.

Housing sales drop 9% across 9 major cities to 4.71 lakh units in 2024: PropEquity

India's 26 major listed real estate firms have sold properties worth nearly Rs 35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings.

India's 26 major listed realty firms sell Rs 35,000 crore worth properties in Q2; Godrej Properties at top

Housing sales across 30 major tier-II cities fell 13 per cent to 41,871 units during July-September period on higher base effect and drop in new supply, according to PropEquity.

Housing sales in 30 major tier II cities down 13% to 41,871 units in July-September: PropEquity

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Housing

GST reduction on housing will really benefit public?

GST rates slashed for under-construction flats, affordable housing

Housing sales get this big boost

Homebuyers strike big blow against builders, but may run into this wall now

New housing launches increase 27% in Q1 across top 7 Indian cities: Report

India’s crude steel output grows 6.18% in 2017

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