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
-
News4 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News4 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News3 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News3 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News2 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News1 week ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News2 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24