Services by way of renting of residential dwelling for use as residence is exempted under GST

By Accommodation Times Bureau ‘Renting’ has been defined in section 65B as ‘‘allowing, permitting or granting access, entry, occupation, usageor any such facility, wholly or partly, in an immovable property, with or without the transfer of possession or control of the said immovable property and includes letting, leasing, licensing or other similar

Rental Reforms Redefine the Indian Real Estate Sector

By Anuj Puri, Chairman – Anarock Property Consultants By Accommodation Times Bureau Several breakthrough reforms with pertinence to the Indian real estate sector saw the light of the day over the last one year. Be it demonetization – the Government’s ‘surgical strike’ against black money - the revolutionary RERA or the unified tax

What you should look before renting a flat as a tenant

By Accommodation Times Bureau Renting an apartment is necessity when you cannot or don't want to buy a property. Sometimes a short stay for employment purpose or some time it is not economically viable. Precautions you should take before renting an apartment. Presuming you have negotiated for rent and deposits, let

Commercial Lease falling in major Metros

By Accommodation Times Research Commercial rentals in major metros are falling drastically. Corporate relocating their offices and back offices. In Bandra Kurla Complex the rates have touched rs.150/- per sq ft per month many buildings and there are no takers. All the CBDs of Mumbai i.e. Nariman Points, Lower Parel, Andheri

Residential Rent falling to 2001 level

By Accommodation Times Research Residential Rentals have been falling since last year and now have reached 2001 level. Rents in cities like Pune, Thane, Aurangabad, Rajkot, Ahmadabad, Ranchi, Lucknow, Bhubneshwar, Hyderabad, Kochi, Panjim, Ludhiana, Bhatinda, Mathura, Ajmer and Jaipur have fallen flat. Since there are huge supply and till recently, builders

No takers for premium Rentals Housing

By Accommodation Times News Services Its time now for rental housing to drop to floor. There are no takers of high rental housing. The rent for premium housing have gone above Rs.100/- per sq ft per month excluding society charges. Premium housing rentals have fallen drastically since people preferring lesser rentals

Average rentals in Mumbai CBD fall by 4% in 2014-15

By Accommodation Times News Services Ashutosh Limaye, National Director – Research, JLL India   Mumbai has got another wake-up call to relook at its exorbitant real estate prices. With average prime district office rentals falling by 4% in 1Q15, Mumbai has performed better than only two cities in a global Jones Lang LaSalle

Rental Rates on the rise

By Accommodation Times News Services Rental accommodation becoming costly due to property tax and Service Tax. Besides this since the capital value is still far not reachable in metros, the rental rates in premium segment is rising. The rates in affordable housing segment still not coming to ages or mature enough