GST NEWS

Home buyers to pay higher GST on balance payment even if occupancy certificate is issued before April 1

Publication: BUSINESS LINE Date : 16 MAY 2019

If a home buyer has booked a flat and the occupancy certificate for it has been issued before April 1,

Realty players need to make the big decision on GST rates

Publication: MINT Date : 16 MAY 2019

For the ongoing projects, builders have to decide either to continue with 12 % GST slab with ITC (8 % for affordable housing) or opt for 5% GST rate (1 % for affordable housing) without ITC

GST rate on homes: Most builders opt for 12% GST for ongoing projects

Publication: FINANCIAL EXPRESS Date : 16 MAY 2019

Most real estate developers have opted for 12% GST rate for housing units in ongoing projects as it allows them to retain their profit margin due to availability of input tax credit (ITC), analysts said.

CITY NEWS

Draft rules show plan to cut green safeguards

Publication: HINDUSTAN TIMES Date : 16 MAY 2019

Many of the clauses in the zero draft were introduced as amendments by the ministry earlier but challenged in court because of their impact on environmental regulation. But these disputed clauses have found space in the draft notification 2019.

MHADA to reconsider hike in service charge levied on 366 buildings

Publication: dna Date : 16 MAY 2019

On Wednesday MHADA's Mumbai Repair and Reconstruction Board decided to stay its decision of hiking the service charge it levies on 366 building it has reconstructed since 1973.

OTHER CITY NEWS

L&T Realty gets strong demand for 500 flats on offer in Navi Mumbai project

Publication: MINT Date : 16 MAY 2019

The 10-acre parcel, the first transit-oriented development in India coming up near the Seawoods Darave railway station of Mumbai

REALTY NEWS

Piramal Realty Aims to Double its Portfolio

Publication: ECONOMIC TIMES Date : 16 MAY 2019

Real estate subsidiary of Piramal Group is also open to roping in more foreign investors to support its growth, going forward

Centre seeks to replace green clearance norms

Publication: TIMES OF INDIA Date : 16 MAY 2019

New Delhi: Preparing a key proposal for the new government, the Union environment ministry has decided to “reengineer” its existing environment impact assessment (EIA) notification and bring a completely revamped one by factoring in various amendments