A concessional GST rate of 8% is expected to give the much-needed boost to the affordable housing segment. However, is this enough? 2017 saw a myriad of landmark reforms such as Real Estate Regulatory Act (RERA), Goods and Services Tax (GST), Real Estate Investment Trusts (REITs), and Infrastructure Investment Trusts (INVITs) being introduced by the…
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In its effort to make ‘housing for all by 2022’ a reality, the Centre has proposed to ease green norms for the building and construction sector where projects up to 50,000 sq metres will not require prior ‘environmental clearance’. The environment ministry had last week issued a draft notification in this regard, increasing the threshold…
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The construction of 1.87 lakh additional affordable houses under Pradhan Mantri Awas Yojana (Urban) with an investment of Rs 11,169 crore with central assistance of Rs 2,797 crore have been approved by the ministry of housing and urban affairs. These were approved at the 30th meeting of the Central Sanctioning and Monitoring Committee meeting held in…
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The government on Wednesday asked builders not to charge any GST from home buyers as the effective GST rate on almost all affordable housing project is 8 per cent which can be adjusted against the input credit. It said builders can levy GST on buyers of affordable housing projects only if they reduce the apartment…
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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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