Private sector Bandhan Bank is expecting to give a big push to the affordable housing sector after completion of its merger with Gruh Finance, its MD and CEO Chandra Sekhar Ghosh said. Ghosh told reporters here on Thursday said that the merger process, which has already got the approval from the Reserve Bank of India…
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SLASH The GST council brought down the tax rate on under-construction projects from 12% to 5% We expect the cut in tax rates to stimulate demand for real estate projects. This will also bring about a positive change in the consumer sentiments. RAJEEV TALWAR, chairman, National Real Estate Development Council.To encourage supply, the government must…
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In a big relief to home buyers, the GST Council on Sunday slashed tax rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent, finance minister Arun Jaitley said. Highlights GST council expanded the scope of affordable housing to those costing up to Rs 45 lakh…
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The latest GST rates for housing projects under construction will increase the cost of most housing units, barring those in the super-premium category, turning PM Modi’s ‘Housing for all by 2022’ mission on its head! The new proposed GST rates for housing projects under construction could lead to increase in the cost of most of…
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