Real-estate developers have welcomed the implementation of Goods and Service Tax. According to them, GST will greatly improve a fractured tax system and help create an integrated Indian market. The government has always made it clear that leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting GST.
Category: ECONOMY & POLICY
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Odisha to build 100,000 houses for urban poor by 2022
Odisha is planning to build one lakh houses for economically weaker sections (EWS) and lower income groups (LIG) by 2022 under the policy of ‘Housing for All in Urban Areas’, according to Housing and Urban Development (H&UD) Minister Pushpendra Singhdeo.
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NGT declines to modify SC order on BS-III vehicles
The National Green Tribunal (NGT) has refused to allow registration of 10 new diesel vehicles conforming to Bharat Stage-III norms in the wake of the ban imposed by the Supreme Court.
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Digital economy critical to make govt services accessible to remote area | DIPP
Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion, Government of India, has emphasised that the digital economy is critical for India to make government services and welfare benefits accessible to remote areas of the country seamlessly.
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Mumbai’s top real estate leaders meet for REMI’s owner-developer program
One of IndiaÂ’s leading real estate educational institutes, the Real Estate Management Institute (REMI), has launched its Owner Developer Program (ODP). The ODP anticipated the journey ahead and offered participants a view of what to expect, how to respond and what to know in this domain, to capitalise on the oppurtunities.
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Luxury housing averts slowdown in realty sector
According to a JLL report, approximately 45,000 luxury housing units were launched in financial year 2016 with the top nine cities constituting 21 per cent of the total residential launches.
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Three Mega Food Parks to come up in Maharashtra
The government has approved three Mega Food Park projects in Maharashtra to Wardha Mega Food Park Pvt Ltd in Wardha district, Paithan Mega Food Park Pvt Ltd in Aurangabad district and Satara Mega Food Park Pvt Ltd in Satara district. As per the scheme guidelines, the time schedule for completion of a project is 30 months from the date of issue of final approval unless extended by an Inter-Ministerial Approval Committee.
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Karan Singh Sodi elevated to MD – Mumbai, JLL India
JLL, India's largest and leading International Property Consultancy, has announced the elevation of Karan Singh Sodi to Managing Director – Mumbai (MMR).
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OECD signs MoU with CII for greater collaborative work
“India, with a 7 per cent growth rate, is flowing against the tide despite the difficult economic environment prevailing across the world,” said Angel Gurria, Secretary-General of the Organisation for Economic Cooperation and Development (OECD).
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India is important in terms of the urbanisation discussion
ISO certification could be a key to understand the challenges and responsibilities of dealing with rapid Indian urban growth, says Matthew Lynch, Vice President, Global Partnerships & Initiatives, World Council on City Data.