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Will Home Price Go Down with the Revised GST ? (Expectation vs. Reality)
The recent update has made quite an uproar in the property marketing of late. Will this maneuver bring in the silver lining in the residential property business or there are still some hidden innuendos? Let’s dig in the real facts behind the recent realty rules.According to the revised tax rate, under construction homes are likely to attract 5% of GST whereas the new effective GST rate for affordable homes would be just 1%. Likewise, the Council has removed the tax credit benefit on
Rs. 20,000 above cash transaction in real estate now under I-T radar
Rs. 20,000 above cash transaction in real estate now under I-T radar. Seems like there is no way one can hide or tweak their property transaction. In case you are found paying Rs. 20,000 above amount while purchasing property in the capital, sooner or later you will be served a notice by the Income Tax department.News has been doing rounds that the I-T department is about to initiate a drive where any realty purchase where the cash transaction exceeds Rs. 20,000 benchmark will be subject to I-T
Is NBFC funding crisis, the next big threat to the Indian realty business? (An industry insight)
Is NBFC funding crisis, the next big threat to the Indian realty business? (An industry insight) It’s been almost a couple of quarters while Non-Banking Finance Companies (NBFCs) have been undergoing a financial crunch, caused by the tighter fiscal policy. The inverse market situation stirs both the 'consumption' and 'investment' capacity of individuals. Since NBFCs have been one key source for the local real estate developers and corresponding stakeholders; it's no surprise that the
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