System reboot for Indian real estate

The latest event that impacts real estate is GST. At this stage, the indications are that GST will hopefully, not increase the over-all taxation burden on real estate Indian real estate is witnessing a ‘systems re-boot’ that began with demonetization, the legislation on benami properties, RERA Act and now, Goods & Services Tax. The Union…

Indian builders rush to restructure realty projects, business model

Mumbai: Builders are back at the drawing board to restructure realty projects and arrange finance to ensure compliance with a stringent real estate law that took effect on 1 May. Under the Real Estate (Regulation and Development) Act 2016 (RERA), developers can market only those projects which have received all approvals. They must disclose all…

RERA is a game changer for real estate

For a country where a home is more than just four walls and a roof, buying a home is usually the coming true of the dream of a lifetime. The past couple of decades has witnessed Indian real estate also turning into an asset class, where real estate measured in square feet, as represented on…