#RealtyNewsRoundup: Buyers To Pay 12% GST On Balance Due If CC Issued By March 31
Homebuyers, who have invested in a property with a completion certificate issued before March 31, will have to pay 12 per cent Goods and Services Tax on the remaining due they have to pay to the developer. This has been informed by the Central Board of Indirect Taxes in the second set of FAQs it released on May 15.
To ease commute for the residents of Indirapuram and give them direct access towards UP Gate, the Ghaziabad Development Authority plans to add a ramp to the Hindon elevated road. At present, the commuters are travelling 15 kilometre to cover an actual distance of four kilometre.
The Pune Municipal Corporation has over the past three months disconnected over 730 illegal water connections in various residential and commercial properties across the city. The move is aimed at curbing the misuse of water in the city through illegal connections.
Piramal Realty, the real estate arm of Piramal Group, plans to double its portfolio in next two years from 15 million square foot to 30 million square foot. To achieve this goal, the company is in talks with global investors to raise funds. The company plans to have a mix portfolio of residential and commercial real estate.
Source: Media reports