Category: Real Estate

Choose GST rate for incomplete projects, builders told

New Delhi: In a big relief to builders, the GST Council on Tuesday approved transition rules on new tax rates…

I-T Dept sends notices to 2,000 property sellers who took cash above Rs 5 lakh

New Delhi: The Income Tax Department (I-T) has sent notices to about 2,000 property sellers who took Rs 5 lakh…

GST reforms to boost realty demand: Developers

Gurugram (Haryana): To boost demand in the real estate sector, the GST Council in its recently held meeting, slashed tax…

Cobrapost hits back at audit report clearing DHFL

New Delhi: Terming the independent audit report, which earlier this week gave a boost to the share price of Dewan…

US home construction rebounds in January

Washington: Construction of new US homes jumped in January, reversing the declines seen in recent months, government data showed Friday.…

80% office space occupiers plan expansion of real estate portfolio: Report

New Delhi: Around 80 per cent of office-space occupiers in the country are likely to expand their corporate real estate…

Need one-time rollover of potential NPAs in real estate: NAREDCO

New Delhi: National Real Estate Development Council (NAREDCO) President Niranjan Hiranandani on Friday said the government and the central bank…

Lower GST for properties under construction will boost demand: Moody’s

New Delhi: The reduction in Goods and Services Tax (GST) for properties under construction will boost demand and increase sales,…

HNIs prefer commercial properties for higher yield: Colliers

New Delhi: High net worth individuals (HNIs) prefer to invest in the commercial real estate segment against residential properties in…

National Real Estate Development Council lauds GST rate cut

New Delhi: National Real Estate Development Council lauded the Goods and Services Tax rate cut on real estate announced on…

GST on under-construction houses cut to 5%

New Delhi: The GST Council on Sunday lowered the tax on under-construction residential properties to 5 per cent from 12…

GST on affordable housing properties reduced to 1 pc

General News: The Goods and Services Tax (GST) on affordable housing properties without input tax credit (ITC) has been reduced…

CommonFloor hosts CommonFloor Real-Estate Excellence Awards 2019

Bengaluru (Karnataka): CommonFloor, a platform that offers home seekers, sellers and real estate professionals an extensive online real estate ecosystem,…

Hasty GST Council aimed to facilitate real estate: Sisodia

New Delhi: Delhi Finance Minister Manish Sisodia on Wednesday opposed what he called "rushing through" of important decisions in the…

GoM on GST on Housing submits recommendations to Council

New Delhi: A Group of Ministers (GoM) headed by Gujarat Deputy Chief Minister Nitin Patel which has favoured 3 per…

Gaurs Group sells over 10,000 units for a gross sales revenue of more than half a billion dollars in CY- 18

New Delhi: Gaurs Group clocked possibly the biggest ever sale in real estate in the Delhi NCR region in 2018,…

Housing finance: An opportunity in a storm

By Taponeel Mukherjee: The recent NBFC (Non-Banking Financial Company) crisis in India has brought to the fore the funding and…

GST brought down tax rates for real estate sector: Modi

New Delhi: Prime Minister Narendra Modi on Wednesday said that the Goods and Services Tax (GST) has brought down tax…

GoM report on real estate expected soon

New Delhi: The government's report on rationalising Goods and Services Tax (GST) for under-construction houses is likely to come soon,…

I-T department has no mechanism to ensure reality firms file their taxes: CAG

New Delhi: With several real estate companies still outside the tax net, there is no mechanism with the Income Tax…