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’.

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.

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.

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.

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.

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.

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.

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.

CREDAI-MCHI President Mayur Shah welcomes the recommendations made by the GST Council in its meeting in January 2018.