GST NEWS

GST to cut construction costs, not housing prices: report

Publication: BUSINESS LINE Date : 18 APRIL 2018

Benefits to the end customer would be seen primarily in projects executed post GST implementation

Property prices have seen slight drop post-GST, says Developers

Publication: DNA Date : 18 APRIL 2018

In a report released on Tuesday, most developers claim that there has been a minor reduction in the prices on offer post the implementation of the Goods and Services Tax (GST)

Realty projects post-GST will benefit: Report

Publication: THE ASIAN AGE Date : 18 APRIL 2018

Mumbai: Goods and Service Tax (GST) benefits will be the maximum only for projects announced after implementation of the new tax system, according to a report released by property consultant JLL and Price Waterhouse Coopers (PwC) on Tuesday.

GST offers no respite, realty prices remain high in Mumbai

Publication: HINDUSTAN TIMES Date : 18 APRIL 2018

The Goods and Services Tax (GST) has not resulted in any significant reduction in realty prices in the city, thus hardly offering any respite to homebuyers.

NEW POLICY NEWS

Mumbai to get new policy to check transferable development right rates

Publication: THE INDIAN EXPRESS Date : 18 APRIL 2018

The market for the much sought after transferable development rights (TDR), which permit additional construction rights on a given plot of land, is bracing for a major change in the country’s commercial capital.

Move to allow FSI incentives for parking lots on leased land in Mumbai

Publication: THE INDIAN EXPRESS Date : 18 APRIL 2018

Builders of such plots can avail additional buildable space of up to 50 per cent of the built-up parking space, capped at a total buildable area of up to four times

CITY NEWS

MHADA adds 3,300 homes in Virar

Publication: DNA Date : 18 APRIL 2018 2018

Good news awaits those who are looking to buy affordable homes in Mumbai's extended suburbs.

REALTY NEWS

Real estate: Developers turn to marketing firms to boost sales

Publication: DNA Date : 18 APRIL 2018

Property firms are forming partnerships with specialized marketing firms such as Anarock, Xanadu Realty and Sai Estate for aggressive sales strategy to tide over a realty slowdown that’s lasted for over four years now

Builders bank on Akshaya Tritiya for boost in flat sales

Publication: THE INDIAN EXPREE Date : 18 APRIL 2018

Realtors said the market, which has picked up pace in the past six months, is likely to improve further, especially with the Real Estate Regulation and Development Act in place.