Real estate: GST, RERA compliance issues continue

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 · The cost savings on account of the Goods and Services Tax (GST) is expected to between 3 to 4% in the near future as estimated by development community. Prices will continue to remain dependent on demand and supply dynamics within micro-markets. “Having displayed extreme resilience throughout the course of the past 18 months, the Indian real estate sector is now quite.

Off late the real-estate sector has been saddled with too many stumbling blocks such as coping up with regulatory changes (RERA) slowing domestic economy, geopolitical uncertainty etc.

The Real-Estate Industry Speaks on RERA and GST. Ashok Gupta, CMD, Ajnara India Limited. Ashok Gupta, CMD, Ajnara India Limited. Demonetisation, Real estate regulatory authority (rera) and the implementation of Goods and Services Tax (GST) have made a long-term impact for real estate sector across the country.

Ankur Dhawan of on the current real estate market scenario and how RERA and GST will impact property prices. because RERA has increased the cost of compliance.. continue to be where they.

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To bridge the gap between the government, developers and consumers, Magicbricks organised an event Real Estate – The RERA and GST Era. “Teething issues, inflationary pressures and certain.

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GST will replace these multiple taxes with a single tax and will ensure smooth flow of credits through the chain. Hence, it is widely expected that GST should reduce the construction cost in the hands of the developer and thereby reducing the current level of prices in the real estate sector.

Impact of GST on Real Estate. At the time of GST implementation on real estate in July 2017, the industry as a whole was witnessing a slump attributed mainly to demonetization and rera (real estate Regulation and Development Act, 2016) implementation.

GST on property: 7 things you should know.. event ‘Real Estate – The RERA and GST Era’ in. on the recipient which adds to the compliance cost of the purchaser. "Post-GST rollout, many.

In the later months of the year also the sale volumes of high end and mid segment did not pick up due to the changes brought about by RERA and GST. Real Estate Regulatory Act (RERA) is positive as.