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, Goods and Services Tax, Green Cover, Oberoi New Delhi


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: Govt To Use Ghazipur Landfill Waste To Construct Delhi-Meerut Highway [Video]

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

December 02 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: SC Pulls Up Centre For Not Making Buildings Disabled-Friendly

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

November 25 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: LG Lifts Ban on Construction In Delhi

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

November 17 2016

+ Click Here To Read This Article

#WeeklyNewsRoundup: In A First, Huda To Auction Residential Plots

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

November 05 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Homes To Fall Under 5% Slab In GST Regime

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

November 04 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Govt To Sell 15% Stake In NBCC Today

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

October 20 2016

+ Click Here To Read This Article

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

Categorised into four, the Supreme Court approved these codes today.

PropGuide lists prime factors that makes KR Puram an emerging real estate market.

Rs 500 and Rs 1,000 were banned from November 8 midnight. What will be the impact on real estate...

Due to many reasons, real estate developers will not reduce property prices in the coming future.

An ancestral property is the one which one inherits from one’s forefathers.

The Modi government has decided to demonitise currency notes of Rs 500 and Rs 1,000. That has left...

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

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

Sunil Mishra, Chief Business Officer, PropTiger, talks on new online realty platforms for NRIs.

PropGuide dejargons complex real estate terms for you.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top