Industry News - July 2022

Industry News Content

Who has to pay 18% GST on residential rentals?
Who has to pay 18% GST on residential rentals? 30 July, 2022

Union Finance Ministry Nirmala Sitharaman on July 13th, 2022 issued Review of central tax announcement wherein it brought residential rentals under GST ambit from July 18th 2022 onwards with immediate...

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Chinese property stocks rally on $44bn bailout hopes
Chinese property stocks rally on $44bn bailout hopes 26 July, 2022

China will set up a real estate fund to help developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44.4 billion), according to a state bank official with direct...

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Essential 11 Legal Documents While Buying a Property
Essential 11 Legal Documents While Buying a Property 16 July, 2022

Use this handy guide to help you navigate the real estate pitfalls you may encounter while buying a home. While purchasing property, it is essential to check that the following documents are in order:...

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KMC create 'repair fund' to help heritage building owners
KMC create 'repair fund' to help heritage building owners 15 July, 2022

For individuals who cannot afford to maintain their heritage buildings, the KMC will create a fund to take up urgent repairs. All major corporates that own heritage buildings in Kolkata will have to ...

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Pandemic leaves imprint on home buying
Pandemic leaves imprint on home buying 09 July, 2022

After two years and three waves, the pandemic appears to be on the wane. But developers believe it'll leave its impress in home-buyers' minds for several times more, leading to advanced demand for lar...

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