Web Exclusive Apr 18, 2018 Relief under GST will be for future residential projects GST has simplified the tax treatment for the realty sector and has resolved some of the long-standing issues like valuation and tax type. It is seen as an additional benefit to consumers in the long term. However, the significant benefit primarily would be around increased input credit on the procurement of materials, as per a report by JLL and PwC, ‘Impact of GST on residential markets’.
Web Exclusive Apr 06, 2018 Government responsible for high prices of homes: CREDAI In a letter addressed to Hardeep Puri, Minister, Ministry of Housing and Urban Affairs, real estate body CREDAI has requested the Housing Ministry to initiate certain amendments – led by the implementation of the single window clearance mechanism – in the Indian real estate sector.
Web Exclusive Apr 04, 2018 Paradigm shift: Blockchain set to revolutionise real estate and construction industry While the influence of technology has permeated every industry and sector conceivable, whether it is banking, manufacturing or healthcare, the role technology is playing in shaping the real estate and construction industry is of transformational nature.
Web Exclusive Mar 14, 2018 Technology and the future of real estate consultancy in India At a time when technology is disrupting different industries across the world, the consumer-facing property brokerage industry cannot be far behind. Real estate was among the first marketplaces in India to attract and justify professional brokerage services, and took off in earnest on the back of increasing need to connect renters and homebuyers with relevant suppliers.
Web Exclusive Mar 05, 2018 Solar Energy Corporation allocates 50 MW wind power capacity to Odisha The Solar Energy Corporation of India (SECI) has allocated 50 MW wind power capacity to Odisha to meet the state’s Renewable Purchase Obligations (RPO) for promoting the renewable energy sector. Under a scheme of the SECI, all the other costs are reportedly waived off.
Web Exclusive Mar 05, 2018 Highways to Life – Housing on Mumbai’s Western Express Highway The lifeline of Mumbai has always been the suburban train network with local trains supporting more than 7.5 million commuters daily. However, due to immense overcrowding in local trains, the highway in the upmarket western suburbs is a viable commuting alternative for office goers.
Interaction Mar 01, 2018 'We will develop 7,000 affordable homes and 7-8 million sq ft of commercial projects,' says P Ravindra Pai, MD, Century Real Estate With over 3,000 acre in its land bank and a development portfolio of over 20 million sq ft, Century Real Estate is among the largest owners of real estate in Bengaluru. And now, the company has mega plans to venture into the affordable housing segment along with developing 7-8 million sq ft of commercial projects.
Web Exclusive Feb 14, 2018 Over 16,000 Choices in Magicbricks - SBI Big Bang Home Carnival 2018 Big Bang Home Carnival, a much awaited month-long online housing carnival co-hosted by Magicbricks and State Bank of India (SBI) is back with a bang. In its 2nd season, the housing carnival will display nearly 16,000 units across 22 Indian cities. 62 developers will showcase 97 projects, while SBI will offer a host of loan deals.
Web Exclusive Feb 13, 2018 Housing for All and PMAY to get boost with reduction in GST under CLSS CREDAI-MCHI President Mayur Shah welcomes the recommendations made by the GST Council in its meeting in January 2018.