The new rate of 5 per cent will be applicable from 1st April 2019 and has been welcomed by the industry, as it will boost demand in the real estate sector. Currently, under-construction residential properties attract a rate of 18 per cent. After considering the input tax credit (ITC) on payments made the effective GST levied is 12 per cent.
‘Akshaya’ means everlasting and this day is one of new beginnings and new possessions. It is believed that any new venture or purchase done on this day will grow and prosper forever.
If you are a NRI with a keen interest in real estate, growing your assets, or preferably both – your dream is just a smart investment away. Invest now and sit back to watch your real estate portfolio yield sizeable returns. Catch the real estate wave now to ride the profit wave in the next few years.
Every year we look to the budget to see how it will impact our lives and which segment will it favour. Real estate always makes its presence felt in a budget speech. the interim budget 2019 announced several measures that would directly impact demand and benefit the homebuyer. Let’s take a look at some of these benefits.
Buying property in India is becoming easier and the process more transparent with the introduction of legislation and GST, it can still be intimidating to a first-time Millennial buyer who is looking to invest a large amount of money on his/her dream home. Here are a 5 Questions that can help Millennials in their decision-making process.
The Indian real estate market has been through a period of tumultuous change in the last few years. Demonetisation, the introduction of RERA and GST have fundamentally changed the way business is conducted. As the real estate market changes to cope with these changing customer needs and expectations, those that can offer affordable housing with ‘smart home’ benefits will benefit. The overall real estate market in India is expected to touch USD 1 trillion by 2030, becoming the third largest globally, according to a recent survey.
It’s a golden time to invest in Indian real estate. Great deals by reliable developers are flooding the market! If you are an NRI looking to invest in Indian realty, here are a few things to keep in mind:
According to a joint report by CREDAI and JLL, the growth trajectory looks strong, let’s take a look at how 2018 ushered the massive structural changes in, and what 2019 looks like for Indian real estate.
Real estate sector in India is estimated to touch a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017. Is this a good time to buy a home? Let’s check that out.