GST on Society

CA Pathik Shah, Partner, B. P. Shah & Co. 1. The society collects the following charges from the members on the quarterly basis as follows: a. Property Tax-actual as per Municipal Corporation of Greater Mumbai (MCGM) b. Water Tax- Municipal Corporation of Greater Mumbai (MCGM) c. Water charges d. Electricity charges e. Sinking Fund- mandatory under

Prestige Group launches 5 completed development projects

By Accommodation Times Bureau Prestige Group on Sunday inaugurated five completed developments includes residential, commercial and industrial verticals.  While the residential developments span a wide range of options, including mid-segment, premium, and luxury housing with 1-bedroom, 2-bedroom, 2.5-bedroom, and 3-bedroom apartments on offer, the industrial warehouse can accommodate a capacity of about

Effects of GST on the Real Estate

By Accommodation Times Bureau With the recent issue of the GST, one should first get to know what it really is. GST stands for ‘Goods And Services Tax’. It can be simply defined as the tax levied on every supply of goods and services. The passing of this bill will be

Branded players introducing lower ticket size products; no compromise in amenities

By Accommodation Bureau Sundeep Jagasia, Managing Director, Shree Krishna Group (Guest Article) With the implementation of Goods and Services Tax (GST) and the Real Estate (Regulation and Development) Act, 2016 (RERA), demand in the residential markets across cities remains subdued, but the affordable segment is seen as a bright spot driving growth

Puranik Builders clocks sales over Rs 200 Cr in 45 days

By Accommodation Times Bureau MUMBAI In an otherwise sluggish residential market, major realty player Puranik Builders has sold 315 residential units worth over Rs 200 crore in 45 days between February and March 2018 reinforcing its position as a growth driver in the segment. Puranik Builders harbouring strong domain expertise in the mid-segment has sold 1,81,248 sq.ft across

Indore Was The Only City To See Flourishing Market After GST And RERA

With soaring property rates, extreme implications of demonetization and also the implementation of RERA and GST, Indore’s land registry department's income still improved by around 20%. By Mr. Devendra Dungarwal Founder, Parshwa Royal Developers and REMC, Indore (25 years of experience in land investment) Indore, being the key hub for education, IT and also

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing

By Accommodation Times Bureau In its 25th Meeting held on 18th January, 2018, the GST Council had made several important recommendations for the Housing Sector which have come into force with effect from 25th January, 2018. The recommendations are expected to promote affordable housing for the masses in the country.   One of the important recommendations made