GST NEWS

GST rate cut for real estate: Council to fine-tune guidelines today

Publication: FINANCIAL EXPRESS Date : 19 MARCH 2019

Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRera) chief Gautam Chatterjee on Friday said that the government needs to consider setting up a green channel to ensure speedy approvals for housing projects in the state.

Housing GST rule must be changed, says West Bengal FM Amit Mitra

Publication: BUSINESS STANDARD Date : 19 MARCH 2019

Ahead of the GST Council meeting on Tuesday, West Bengal Finance Minister Amit Mitra has proposed that the new goods and services tax (GST) rate for ongoing residential housing projects be made optional.

Council to lay down rules for transition into lower GST rates for real estate sector

Publication: THE INDIAN EXPRESS Date : 19 MARCH 2019

The 80 per cent sourcing norm is likely to exclude purchase of capital goods so that the major component is from purchase of construction material such as cement and sand

PMAY NEWS

Affordable home loans under PMAY, a hit with middle-income customers

Publication: BUSINESS LINE Date : 19 MARCH 2019

Wadala may pip Mulund as the site for a pilot project on tracking illegal constructions through satellite imagery and mapping.

CITY NEWS

Govt passes ordinance for property tax exemption

Publication: THE ASIAN AGE Date : 19 MARCH 2019

Mumbai: The state government has issued an ordinance that all residential and commercial structures up to 500 square feet in Mumbai will be exempt from paying property tax.

Canada realty investor buys Leela for ₹3,950cr

Publication: TIMES OF INDIA Date : 16 MARCH 2019

Bengaluru: Brookfield Asset Management, one of the world’s top infrastructure and real estate investors, has acquired the properties of debt-laden Hotel Leela Venture in Delhi, Chennai, Udaipur, Bengaluru and an upcoming hotel in Agra in a Rs 3,950 crore deal.