One Year of GST: Real Rstate needs a few aspects to be tweaked says Hiranandani

By Dr. Niranjan Hiranandani, President, NAREDCO MUMBAI: The Goods and Services Tax (GST) has undisputedly, been the biggest reform for the Indian economy since 1947, as also a paradigm changing event for the real estate industry. On completion of the first year under the GST regime, Dr. Niranjan Hiranandani, President, National Real

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