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REDEVELOPMENT GST
Bank credit grows 17.4% in May as rising yields push companies to loansBank loans are seeing a surge. Credit growth reached 17.4 percent by May 31, the highest in almost two years. This rise is driven by compan...
Mumbai’s redevelopment boom: 44,000 new homes worth Rs 1.3 lakh crore in pipelineMumbai’s redevelopment wave promises thousands of new apartments, largely in the premium segment. While boosting revenues and reshaping the...
Mumbai redevelopment to unlock 44,000+ new homes worth Rs 1.3 lakh crore by 2030: Knight FrankMumbai's real estate is poised for a major transformation. Redevelopment projects are expected to create over 44,000 new homes by 2030. Wes...
Mumbai redevelopment activity to add 44,000 homes worth Rs 1.3 lakh cr by 2030Mumbai's ageing housing stock is undergoing a significant transformation driven by a redevelopment boom. Over 910 housing societies have si...
Redevelopment of housing societies in Mumbai to add supply homes worth Rs 1.3 lakh crore: ReportMumbai's housing market is set for a major transformation with redevelopment projects expected to add over 44,000 new homes by 2030, valued...
NBCC’s Kidwai Nagar project caught in GST crossfire between ministriesA GST demand on NBCC's escrow fund for the Kidwai Nagar redevelopment project has sparked a conflict between the Urban Development and Fina...
Bombay High Court gives GST relief to homeowners: No GST on re-development by homeowners through builder under these termsReal estate: The Bombay High Court has ruled that no GST can be levied in a joint development agreement (JDA) where the landowner/homeowner...
Landowners seek GST relief on joint development pactsLandowners are contesting Goods and Services Tax (GST) demands on joint development agreements (JDAs), arguing that transferring developmen...
GST demand on development rights push landowners into legal dilemmaThe dispute over GST on transfer of development rights resurfaces as authorities demand landowners pay taxes on joint development agreement...
Supreme Court admits petition on imposition of GST on joint development pactsThe Supreme Court admits a petition challenging GST imposition on transfer of development rights in joint development agreements, impacting...
Realty redevelopment projects GST ruling likely to hit cost dynamics across marketsTelangana High Court dismisses a legal challenge by a real estate developer regarding the GST on transfer of development rights; real estat...
Realty developers to approach Maharashtra govt to reconsider Dharavi TDR usage moveThe TDR mechanism allows transfer of unused development rights from one zone to another and these rights can be bought by developers at a c...
CREDAI-MCHI urges finance minister to change redevelopment projects’ GST structureReal estate developers of Mumbai's Metropolitan Region have approached the Indian Ministry of Finance with concerns that the Goods & Servic...
Railways to levy fee for boarding, alighting at redeveloped stations; suburban train passengers exemptedOfficials said the fee is likely to be added to the train tickets during booking. The fee will be levied only after such stations become op...
Two key developers’ associations consolidate under NAREDCONAREDCO is a self-regulatory body formed under the aegis of the Ministry of Housing and Urban Affairs (MoHUA), Government of India and it o...
Real estate developers reach out to government over GST on redevelopmentThe economics of redevelopment projects, a type of an urban real estate renewal method where realty players takeover old buildings and rebu...
Mumbai realtors ask state for GST reduction, Input Tax Credit on redevelopmentThe GST Council recently recommended reducing the tax rates while withdrawing the Input Tax Credit (ITC).
Developers told to pay service tax on redeveloped housing projectsThe tax demand is for years prior to the introduction of the goods and services tax. All indirect taxes were subsumed in GST with effect fr...
From end of Q1, expect 25% to 30% growth in PMC biz: Anoop Kumar Mittal, NBCC"The business of redevelopment of real estate will definitely grow."
Realty queries: Are stamp duty and registration fee applicable on property resale?Anshuman Magazine Chairman, India and South East Asia, answers queries from our readers on real estate.