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


#RealtyNewsRoundup: Govt Frames Model PPP Policy To Push Affordable Housing

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

June 15 2017

+ Click Here To Read This Article

Winds Of Change: Remarkable Alterations In India's Real Estate Space

India’s real estate sector is in the middle of an unforeseen revival. In fact, changing sentiments are visible all over.

June 01 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Construction Has Begun At Jaypee Wishtown, Developer Assures Authorities

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

May 30 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Govt To Construct 12 Lakh New Houses Under PMAY-Urban

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

May 23 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Govt Drafts Bill To Nail Fugitive Offenders

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

May 19 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Now, Private Banks Reduce Home Loan Rates

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

May 16 2017

+ Click Here To Read This Article

#WeeklyNewsRoundup: Noida Developers To Deliver 25,000 Flats By December 2017

Here are the top stories of the week from the real estate sector.

May 13 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Yamuna Expressway Master Plan 2031 Gets Govt Approval

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

May 11 2017

+ Click Here To Read This Article

Noida offers a perfect blend of residential best apartment societies, luxury villas and commercial...

Many infrastructure projects have been lined up in Chennai. Expected to take shape between 2017 and...

The Central Hall of The Parliament Complex has been chosen as the venue to mark the grand launch of...

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

The Goods And Services Taxes has clearned a proposal to charge a cess of 15 per cent on luxury cars...

Noida offers a perfect blend of residential best apartment societies, luxury villas and commercial...

Recently ranked among top 22 tech cities across the world by a London-based real estate advisory...

Expecting the arrival of an airport, real estate developers have invested heavily around Jewar....

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

PropGuide simplifies complex real estate jargons for you.

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

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

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here


Top