Bengaluru-based Sattva Group announces ₹800 crore investment in South Goa's residential market, targeting luxury plots and gated communities amid growing demand and improved infrastructure.
Indian real estate employment has risen from 4 crore in 2013 to 7.1 crore, driven by housing sector growth and government policies like RERA, GST, and PMAY.
Tenants of commercial spaces will pay 18% GST on electricity charges bundled with rent. However, actual cost recovery by real estate owners acting as agents is exempt. Experts debate the implications.
The 47th GST Council meeting introduced GST on renting residential properties to registered individuals, clarifying tax liability scenarios effective July 18, 2022.
GST applicability on renting residential properties in India changed on July 18, 2022, with 18% GST now applicable on rentals to registered persons, paid under Reverse Charge Mechanism (RCM).
Amendments to GST regulations now make renting residential properties to GST-registered individuals taxable, effective July 18, 2022, impacting reverse charge mechanisms.
CREDAI warns of 10-15% hike in property prices due to rising construction costs, attributed to increasing raw material prices and construction delays.
MahaRERA orders Acme Housing to pay interest for delayed ownership of Thane's Alpinia project, citing developer's failure to meet contract terms amid external challenges.
The co-working sector in India is showing signs of recovery post-pandemic, with calls for government support and recognition to bolster growth.
Pune's residential real estate market witnesses growth with new launches and stable prices, expecting a boost during Gudi Padwa