PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: GST: Under-Construction Flats To Become Costlier

Loading video...

Description

Realty News Roundup is PropGuide’s selection of top stories from the real estate sector.

After the Goods and Services Tax (GST) is rolled out, the prices of under-construction apartments may rise by up to 5-10 per cent. However, the prices of completed apartments will not be affected. So, if you have already bought a flat but the entire payment has not been made, you will be charged tax at the GST rate on the remaining amount to be paid, which is likely to be between 12 and 18 per cent.

The Andhra Pradesh government received another setback as the Union Ministry of Environment and Forests turned down the state’s proposal to use 13,000 hectares of forest land for the construction of its capital Amravati. Amaravati has been caught in green hurdles as the state government proposal to build the capital city in an ecologically sensitive zone, which forms part of the highly fragile Eastern Ghats.
 

To renovate the iconic Oberoi hotel in New Delhi, which was closed down on April this year, EIH Ltd is planning to invest over Rs 500 crore in the hotel. The dwindling profitability of the 50-year-old property has led the group to arrive at the decision of complete renovation. The 271-room Oberoi property in the Capital used to post a profit of Rs 90 crore per year, which went down to Rs 65 crore in 2015-16.

In an attempt to keep monsoon-related water-logging at bay, the Noida Authority has warned 348 companies located in Sector-63 industrial belt to remove encroachments, including construction of ramps and pathways, from drains. According to the civic body, property owners have encroached on the storm-water drains in the area, which has led to widespread water-logging in the area.

Tags: Noida authority, Amravati, Video, Andhra Pradesh, propguide


Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

+ Click Here To Read This Article

#RealtyNewsRoundup: Haryana Mulls Lifting Construction Bar In Aravalis

Here are today’s top news stories from the real estate sector.

February 16 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Developer Cannot Sell An Already Booked Flat To A Third Party, Says NCDRC [Video]

Here are today’s top news stories from the real estate sector.

February 10 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: States Tweak RERA, Centre Forwards Matter To House Panel [Video]

Here are today's top news stories from the real estate sector.

February 09 2017

+ Click Here To Read This Article

#WeeklyRoundUp: Akrama Sakrama May Now Cover Properties Built After October 2013

Here are the week’s top news stories from the real estate sector.

December 17 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Council Yet To Clear Draft Law, GST May Miss April 2017 Deadline [Video]

Here are today's top news stories from the real estate sector.

December 13 2016

+ Click Here To Read This Article

Here are today's top news stories from the real estate sector.

After revisions in the draft rules of the Real Estate (Regulation & Development) Act, 2016,...

Structural defects, legal verification, and encumbrance are few things that you need to check...

Prospective borrowers are often seen taking steps that in place of benefiting them actually end up...

New projects, numerous options, and reputed developers, make these five localities ideal for...

If the demands of the Chief Minister Yogi Adityanath-led state government are met, the road for...

Here is a checklist of documents required for buying a property. While some of these documents have...

Though Bahadurgarh real estate market doesn't look bright yet, there are key drivers that can help...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

PropGuide simplifies complex real estate jargons for you.

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here


Top