The revenue department has agreed to charge the GST on houses purchased under Credit-Linked Subsidy Scheme (CLSS) of Prime Minister Awas Yojna (PMAY) at the rate applicable upon affordable housing even if the house does not fall under the affordable housing criteria. The department recently released a list of FAQs (Frequently Asked Questions) on GST…
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In a relief to lakhs of aggrieved homebuyers who are forced to wait for possession of their flats for years, the apex consumer commission has quantified a time period of one year for delayed projects beyond which investors can claim refund from builders. Judicial forums, including Supreme Court and consumer courts, have repeatedly held that…
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Subsidy of over Rs 12,000 crore has been disbursed to home buyers till March under the government’s Credit Linked Subsidy Scheme, the Union Housing and Urban Affairs Ministry has said in reply to an RTI query. The Pradhan Mantri Awas Yojana (Urban), launched by Prime Minister Narendra Modi in June 2015, aims to ensure “housing…
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The GST Council had in March allowed real estate players to shift to 5 per cent GST rate for residential units and 1 per cent for affordable housing without the benefit of input tax credit from April 1. The GST Council Thursday extended by 10 days till May 20 the deadline for realtors to opt…
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Objective of this portal is to promote affordable housing scheme launched by Central govt of India to provide housing for all by 2022 under Pradhan Mantri Awas Yojana and Deen Dayal Awas Yojna scheme. Home Buyers can search and get information on affordable Housing projects in Gurgaon, Sohna, Faridabad and other cities of Haryana.
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