All Posts in Tag: affordable housing

Residential Real Estate in India is set to Make a Comeback

Residential Real Estate in India is set to Make a Comeback

A historically robust and lucrative sector with an annual return of 20 percent (1991-2014), the Indian real estate market has witnessed a slowdown in the past few years. Lower than expected growth rate in the sector demanded new initiatives to facilitate a resurgence. RERA (Regulation and Development Act) and GST (Goods and Services Tax) are…

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Real estate relief Indian millennials taking to affordable housing, say experts

Real estate relief: Indian Millennials Taking to Affordable Housing, Say Experts

With this scheme, homebuyers are actually getting attracted to the affordable housing segment – the engagement is high as the financial burden is not prohibitively expensive. Affordable housing is increasingly engaging with Indian millennials. Their move towards buying a home is due to the PMAY scheme and the reason is that it is putting less…

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Builder can’t Charge Higher GST for Location, Parking

There may be further GST (Goods & Services tax) relief for home buyers with the Authority on Advance Ruling (AAR) in West Bengal concluding that services such as preferential location and facilities like car parking in apartments should be treated as “composite construction service” and attract the same levy as construction. Highlights: After the ruling,…

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