The GST Council is expected to clarify that the Real Estate Regulatory Authority (RERA) will be exempt from GST. This decision follows concerns that GST effectively taxes state governments.
Premium hotel room rates drop 25% due to occupancy decline. Hotels target steady segments like cabin crews and long-stay programs to combat the slowdown.
Leading hotel chains and top developers are bidding for Dawnay Day's Ten Hotels and other assets in India, valued at Rs 500-700 crore. ITC, Royal Orchid, Pride Hotels, Sarovar, Lemon Tree, DLF, and Paraswanath among contenders.