Real Estate Sector
Budget 2019 expectations: Realty experts demand relief on housing loans and GST to revive the sector
Tue, Jun 25, 2019
Modi government is all set to announce its full budget on 5th of July. With Nirmala Sitharaman as the new Finance Minister, realty sector has unveiled a host of demands and among them is relief for the homebuyers to buy new properties - the real estate sector is facing a bearish trend for some time now.
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India's construction market to emerge third largest by 2025: Arbitrators panel
Sat, Jun 08, 2019
By 2025, the construction market in India is expected to emerge as the third largest globally, while construction output is expected to grow on average by 7.1 per cent each year, a panel of arbitrators has suggested.
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Exclusive Interview: Now, experience offline mall online, says MD of Digital Mall of Asia
Mon, May 13, 2019
From payments, tickets to education, in this modern age, almost everything is going digital. But, have you ever imagined a physical mall that is digital? What we are talking about is a mall that provides the experience of a physical mall digitally.
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Housing prices up 7 pc, sales down 28 pc, supply dips 64 pc in last five years: Anarock
Sun, Mar 24, 2019
"Like it or lump it, but (Prime Minister Narendra) Modi's victory in 2014 ushered a new era in Indian real estate starkly marked by his vision to set the 'house' in order and alter the scarred face of an unorganised sector beset by unscrupulous activities," Puri said.
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GST Council to consider implementation of lower GST rates for realty sector
Mon, Mar 18, 2019
Currently, the goods and services tax (GST) is levied at 12 per cent with input tax credit (ITC) on payments made for under-construction property or ready-to-move-in flats where completion certificate is not issued at the time of sale. For affordable housing units, the existing tax rate is 8 per cent.
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Interim Budget 2019 showers tax benefits to boost realty sector - All you need to know
Fri, Feb 01, 2019
The minister also proposed to exempt the levy of income tax on notional rent on a second self-occupied house. Currently, income tax on notional rent is payable if a person has more than one self-occupied house.
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Unsold flats in NCR down 9 pc in 2018; stalled projects still worrisome: Report
Wed, Jan 16, 2019
The demonetisation effect in late 2016 had pushed up unsold inventory overhang to 47 months in Q4 2017 from 40 months in Q4 2016. An inventory overhang of 18-24 months signifies a fairly healthy market.
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Loan Default: Piramal Enterprises 'refutes baseless rumours' by realty players
Mon, Oct 22, 2018
"Among others the rumours relate to loan defaults to PEL/Piramal Capital & Housing Finance Limited (PCHFL) by real estate developers such as Lodha, Omkar, Vatika, Embassy, Radius, Nahar, Aristo, Supertech etc," it said in a statement.
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Post-Rera, channel partners playing crucial role in realty sales
Sun, Mar 18, 2018
Channel partners are increasingly acting as advisors -- sales professionals than brokers. They are taking more responsibility and are accountable, with their registration with Rera, professional practise is improving fast, property consultant JLL's research head Ashutosh Limaye said. Due to their changing roles, developers, too, are thus happy rewarding these channel partners higher for the value addition they bring in
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No escape for Benami deals; govt may link Aadhar with land transactions
Wed, Nov 22, 2017
Benami Transactions (Prohibition) Act forbids certain types of financial transactions. The 'benami' is defined as any transaction in which property is transferred to a person for certain consideration by another person.
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India Inc's credit quality improves but remains fragile
Tue, Apr 04, 2017
Crisil, in its report, said, "The improvement was driven by firm commodity prices, stable macros, improving capital structure and lower interest costs. Going forward, we expect the gradual improvement in credit quality to sustain."
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Here are 5 key things you should look forward to in India's real estate sector this week
Tue, Mar 07, 2017
From DLF negotiating agreement with GIC Singapore for 40% equity sale to Videocon selling Fort House for Rs 300 crore to Dawat-e-Hadiyah to Mutual Funds (MFs) to give 15 days for exit option to REITs, InvITs investors and much more happenings in India's real estate sector this week.
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GDP numbers: How did cash-dominated sectors perform so well despite demonetisation?
Thu, Mar 02, 2017
What is hard to believe in the given GDP numbers was the performance of cash-dominated sectors where analysts expected a significant slowdown post demonetisation, but has seen uptick compared to Q2FY17.
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Demonetisation likely to be credit positive for India, Moody's says
Wed, Mar 01, 2017
Progress on the pending Goods and Services Tax (GST) reform and Finance Minister Arun Jaitley's 2017 budget speech to parliament both underscore the government's commitment to reform in the wake of demonetisation.
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