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.
Tag: real estate developers
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Real estate developers welcome GST implementation
Real estate developers have welcomed the implementation of the Goods and Services (GST) Tax. According to them, GST will greatly improve a fractured tax system and help create an integrated Indian market.
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Developers look for lower costs, increased housing supply
Real estate developers are hoping for a raft of Budget proposals that will enable lower cost of construction, speedier approvals and help increase supply of housing. PS Jayakumar, Managing Director, Value and Budget Housing, believes that FDI requirement should be lowered to 20,000 sq m for residential projects against the current minimum limit of 50,000 sq. m to be eligible for FDI.
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India’s first solar-powered WLLP project
A solar lighting system as a part of the project Discovery City is being developed by Ramky Infra on PPP basis in Hyderabad.