Bytes
Ready-to-move-in units to get costlier
“Prices of ready-to-move-in properties might go up in the near term. Although GST gives an option to get full input set-off credit for developers, it is not applicable on ready-to-move-in properties. Hence developers will either have to bear the tax burden or increase the price in line with the taxes. As the tax rate to the end consumer is also higher under GST, it will impact sales over the next few months. The customers have to pay an additional under GST 3-6.5 per cent depending on the state.”
Ashok Naidu
Director, Kumari Builders and Developers
Unveiling the Luxurious Evolution: The Ascendancy of Villas in Greater Noida
By: Neeraj Sharma, MD, Escon Infra Realtor In the arena of urban development, a few regions have been standing out...
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
By: Nikhil Singhal, President, Noida High-rise Federation Noida, April 19, 2024: The high-rise societies in Noida are facing a multitude...
Mahindra Lifespaces Sells ₹350 Cr Worth Homes in 2 Days at Mahindra Zen, Bengaluru
Bengaluru, April 18, 2024: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, on...
Harleen Kaur is CHRO, APEX Acreages
Gurugram, April 2024: APEX Acreages Private Limited, announced the appointment of Harleen Kaur as its Chief Human Resource Officer (CHRO)....
PVR PXL Launched at Mall of Faridabad
Faridabad, April 16, 2024: The Mall of Faridabad by the Pacific Group launched PVR with the largest screen, PXL, on...
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
April 17, 2024: CBRE South Asia Pvt. Ltd., on Wednesday announced the findings of its report, ‘Golden opportunities from the...
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