With the general elections getting over, The Sohna Road up gradation work , pertaining to the six- laning of this hot residential and commercial corridor of Gurugram is all set to gain momentum once the new government takes charge at the Centre. The work on the Sohna elevated road project will pick up in real sense once the…
Category: Affordable Housing
Government policies for the realty sector attracting Home Buyers across India
Post the implementation of RERA and other various government schemes including the lowering of GST and the Repo rate cut which led to the lowering of home loans. The introduction of the different policies in the sector has bought about transparency thereby bringing back the trust of the people in the market. Overall, a positive…
NBFCs to raise funds at low cost ; good news for realty sector
The fall in bond spread, facilitating NBFCs to raise funds at lowest cost, is a positive development on the liquidity front which is set to ease the fund crisis of the real estate sector, in turn putting its revival back on rail. The average corporate bond spread- the difference between the yields of corporate bonds and government bonds of…
New city bus route to provide connectivity boost to Sohna Road
The new city bus route in Gurugram, connecting high potential Sohna Road corridor with Huda City Centre Metro Station through public transport, will provide a major boost to realty along this corridor dotted with several residential and commercial projects. This latest city bus route number 111, running from Huda City Centre Metro Station to Badshahpur on Gurugram- Sohna Road,…
NRIs shifting their focus to affordable and Mid-segment housing
NRIs now-a-days have started shifting their focus to affordable and mid-housing segment rather than opting for luxury housing. This shift has occurred due to the various incentives provided by the government where the NRIs are more interested in endeavouring the policies and reforms provided by the government. Improved transparency and better governance have emerged with…
Gurugram: the emerging realty hotspot
Gurugram has been providing a wide range of housing options and opportunities for an exquisite living and is a fast developing locality and a preferred residential destination for many. With ready-to-move-in projects and developing infrastructures, the millennium city is witnessing growth not just in residential sector but also in commercial, retail, office, institutional, hospital and…
Dedicated Jewar Airport Express Line to rev up realty
The new plan of the Yamuna Expressway Industrial Development Authority (YEIDA) for a dedicated Jewar Airport Express Line with fewer stations and high speed for faster connectivity will give a major thrust to real estate in Yamuna Expressway, Greater Noida . The proposed line will be a separate corridor , running parallel to the 35.64 km commercial line from Greater…
Deadline extended by GST Council to opt for the old GST rates
The deadline for realtors to opt for the old GST rates with ITC (Input Tax Credit) for on-going projects has been extended by 10 days, i.e., the last date for the same is now till 20th May 2019. The developers now have an option to choose between the old GST rates or might shift to new…
UP RERA to restart stalled projects
The decision of the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) to adopt projects that have been abandoned by builders mid way and whose completion date has expired, may well prove to be a booster for the struggling real estate in the NCR cities of Uttar Pradesh. As per the plan chalked out by UP- RERA, with…
End-users might have to pay different GST on identical flats
The new GST (Goods and Services Tax) for on-going realty projects which came into effect on 1st April is now set at 1% for affordable houses and 5% for others from the previous rates of 8% and 12% respectively. However, the builders have the liberty to choose between the old and new GST rates and…