The GST rates cut is intended to give a boost to the real estate sector The slash in GST rates to 5% without ITC from the previous 12% with ITC for premium homes, and to 1% minus ITC for affordable homes from the earlier 8%, gives the beleaguered realty sector the much-needed breathing room and
The recently released JLL FICCI report indicates that office, affordable housing and student housing segments of realty are set to surpass previous highs in terms of space and investment. According to Ramesh Nair, CEO & country head at JLL India, “India’s real estate sector is at an inflection point and the evolutionary trends in the
Affordable housing finance is estimated to be a Rs 6-lakh-crore business opportunity by 2022, by when the government seeks to achieve housing for all citizens, says A Shankar, COO-Strategic Consulting at JLL India Rapid urbanisation is a reality for emerging markets, and India is no exception to this phenomenon. Urban India today houses 377 million people, making
Sachin Bhandari, CEO, VTP Realty With real estate being a major focus owing to the infrastructure development and housing for all initiatives by the Government, the Union Budget 2018 announced today did have some interesting inclusions. In fact, prior to the Union Budget being broadcasted, the Government had declared reduction of GST to 8% for
The real estate industry is in the process of benefitting from the affordable housing initiative, says Praveen Jain, CMD, Tulip Infratech How is RERA impacting the real estate industry, and how does it benefit the customer? The real estate industry is responding well to RERA, its impact has been positive and it is beneficial for
The real estate industry is yet to stabilise and developers have become cautious, says Crystal Sanitary Fittings chief Gauri Singh Shandilaya. But she also believes that new market segments are opening up for the building materials industry. By Gyanendra Kumar Kashyap How do you view the uptick in the real estate industry? How well does
Public Private Partnership is likely to succeed if the policy is guided by principles of inclusiveness, equity, environmental sustainability, and transparency. By A Shankar Urbanisation is central to a country’s economy – and in India, the urbanisation rate corresponds to 60% of the country’s GDP. For smoother transformation of a developing nation like India, the
Anuj Puri After recognising a massive gap of housing in India, the union government had announced ‘Housing for All’ by 2022 in July 2015 to achieve the staggering target of bridging a gap of more 1.9 crore houses. 96% out of these are required for the Lower Income Groups (LIG) and Economically Weaker Sections (EWS)
CREDAI reiterates its pledge for supporting the Government of India achieve “Housing for All” mission The apex real estate industry body CREDAI has reiterated its pledge for realising the Prime Minister’s dream of ‘Housing for All’, and has committed an investment of over Rs 70,000 crore in 375-plus new affordable housing projects. These projects would
Showing solidarity for the government’s mission of ‘Housing for All’, CREDAI has announced the launch of 250 affordable housing projects across India. The projects, to be executed by CREDAI members, will be under the purview of the various CREDAI state or city chapters according to guidelines laid down by CREDAI national chapter. Through this initiative,
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