The Indian real estate market took a fair amount of time to adjust to governmental reforms like demonetization, GST, and RERA, but fortunately, the overall sales seem to have improved in some markets, especially those in metros. Most of the metropolises such as Mumbai, NCR, Pune, Chennai, Hyderabad, Kolkata, and Bengaluru have witnessed depreciation in average property prices. This has made way for higher sales, especially in mid-segment properties.…
If 2017 was the year of disruption, this year, 2018, is set to be the turnaround year for real estate in India. With the implementation of RERA and GST, the sector has seen a lot of reform. RERA called for setting up of 29 regulatory authorities, Benami Property Act prohibits benami transactions, GST requires builders to register in order to avail tax credit, REIT is likely to increase liquidity in the sector and demonetisation move broke down the system of transacting with black money.…
Talk about the Eastern corridor of Mumbai, and Chembur’s growth emerges as one of the most impressive of all time. Reduced commute hassles, a peaceful environment, and an unbeatable blend of commercial and residential enterprises make it irresistible for builders and investors alike. However, as much as it makes for a profitable investment in today’s times, the location wasn’t as desirable as it is now.…
The face of real estate is changing, all thanks to the advances in technology. Today, the top real estate builders and developers in Mumbai as well as other prominent cities in the country no longer rely on skilled manpower for cost-saving and expanding business opportunities. Technology has shown us, time and again, that it’s capable of replacing traditional methods of business, and accelerate growth in businesses that have been struggling to keep up with the changing times.…
The recently implemented Goods and Services Tax (GST) is being hailed for the transformative potential that it holds for many sectors of the Indian economy, including the real estate sector. Input Tax Credit is being recognized as one of the most meritorious components of GST that will offer benefits to both real estate developers and home buyers.…
