It’s too early to predict the future of realty sector: Parveen Jain, President, NAREDCO

Ashvita Singh India enjoys the position of being the favorite outsourcing destination for global business companies, and their commercial and office demand is going to continue its rise, contends NAREDCO chief.  There is a negative sentiment regarding the real estate sector post demonetization. At ground level, however, have the realty prices come

Southern Peripheral road- The Commercial & Residential Destination in Gurugram

SPR (Southern Peripheral Road) in Gurugram is emerging as one of the fastest growing destinations especially for Commercial developments along with Office spaces, Residential and Real Estate as a whole. As the stretch of SPR spans from Faridabad side linking Golf course extension road, Sohna Road, NH-8 and merging with

NAREDCO & CREDAI support RERA, urge developers to follow norms

  By Accommodation Times Bureau National Real Estate Development Council(NAREDCO) will not move court against the implementation of Real Estate Regulation and (Development) Act (RERA), even with regard to ongoing projects, as it helps build confidence among buyers, said its president Parveen Jain. Confederation of Real Estate Developers’ Association of India (CREDAI) has

Effective GST rate on under-construction real estate at 12%

By Accommodation Times Bureau The effective GST rate on under- construction real estate projects will be 12 per cent only and not 18 per cent as there will be abatement for land cost, according to tax consultant EY. Realtors' body CREDAI President Jaxay Shah also said that the effective GST rate would remain at 12

Different Views On GST’s Impact On Housing Rates

By Accommodation Times Bureau About the impact of GST on housing prices , Naredco and Credai today gave contrasting outputs , highlighting the confusion in the GST sector ,regarding the new indirect tax regime. While Naredco mentioned that there will be no inflationary impact on housing prices once the GST will take

Affordable housing to be exempted from stamp duty

By Accommodation Times Bureau     The Union Minister, Venkaiah Naidu’s ministry wrote to the government to exempt affordable housing from stamp duty. The government is the facilitator for fixation of the rates and collecting duty. Hence, a request was forwarded for exemption from stamp duty. Affordable housing is exempted from the service tax

NAREDCO hails the announcements of Union Budget 2017-18

By Accommodation Times Bureau New Delhi, 2 February 2017: India’s leading apex body for real estate sector, National Real Estate Development Council (NAREDCO) has welcomed the provisions of the Finance Bill 2017, under which government has proposed to award infrastructure status to affordable housing segment. The industry body in its submission over pre-budget expectations had

Gurgaon, Faridabad housing projects to see possession as CM assures of removing regulatory bottlenecks

Accommodation Times News Service Heeding to the requests of real estate industry body, NAREDCO, Haryana chief minister,  Mahnohar Lal Khattar on Monday assured that projects of Gurgaon and Faridabad will get a provisional no-objection certificate (NOC) from the fire department in the next 15 days. This would help the projects comprising

Industry speak: NAREDCO welcomes the announcements by Prime Minister to boost Affordable Housing

Accommodation Times News Service NAREDCO welcomes the Government’s move to create two additional categories under Pradhan Mantri Awaas Yojana (PMAY-Urban) for interest subvention. Under this, home loans up to Rs. 9 Lacs taken in 2017, will receive interest subvention of 4 % and home loans up to Rs. 12 Lacs taken