How will GST impact your Home Loan

Home Loans which you might have borrowed from a Bank or a Non-Banking Financial Institution will be affected by the implementation of the Goods and Services Tax (GST). Rolled-out on July 1st, 2017, GST subsumed multiple state and central taxes existing in the system and introduced five fixed tax rates into the Indian economy – that of – 0%, 5%, 12%, 18% and 28%.

How will GST impact your Home Loan

How will GST impact your Home Loan

When discussing GST effect on home loans, please note that in the pre-GST era, usually a 15% Service Tax was applicable on the services attached to your loan which has now been replaced by an 18% GST rate. [Read more…]

Impact of RERA on Delhi – NCR properties


RERA or the Real Estate (Regulation and Development) Act has been implemented across the nation on May 1st, 2017. The National Capital Territory of Delhi and its neighbouring areas, prominently Faridabad and Gurugram of Haryana and Noida and Ghaziabad of Uttar Pradesh which together form the National Capital Region are bound to be impacted by the rollout of this act.

Impact of RERA on Delhi  NCR properties

Impact of RERA on Delhi NCR properties


RERA’s influence combined with the GST’s impact is expected to have a positive sway on the Central National Capital Region’s real estate market. Let’s have a look at the Delhi RERA rules along with the RERA rules of the states of the chief areas of NCR (i.e. Haryana and Uttar Pradesh) below:-
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How will GST rollout affect Real Estate

Goods and Services Tax (GST), a tax regime intended to subsume multiple taxes and diminish the cascading tax effect has been implemented on July1st 2017 across India. Amidst the four-tier GST tax structure, the central government had initially placed the under-construction segment of the realty industry on the 12% mark, which was a tax increase of 7.5% from earlier.

How will GST rollout affect Real Estate

How will GST rollout affect Real Estate

However before GST’s rollout, the government increased its tax rate on under-construction property to 18%. Although, clubbed with this 18% tax rate on construction of a complex/structure intended for whole-some/partial sale to a buyer, the government allowed the deduction of land value equivalent to 1/3rd of total amount charged by the developer from the consumer’s tax liability, thus, effectively reducing the tax to the earlier rate of 12% and making the GST impact on the homebuyer the same as before. Let’s explore in more detail exactly how GST is deemed to change the realty industry: [Read more…]

Impact of GST on Real Estate Sector

Goods and Services Tax (GST) implementation hailed as being the biggest tax reform in the country’s history after independence is expected to bring about a remarkable change in India’s economy. Set to be implemented on July 1st 2017, under the GST regime if a buyer has to purchase an under-construction home, he/she will have to shell out 12% in taxes. This is positive news for the realty sector since taxation in this industry has been multiple and uneven until now.

Impact of GST on Real Estate Sector

Impact of GST on Real Estate Sector

The Real Estate sector currently contributes an average of 5-6% in the country’s GDP and with schemes such as ‘Housing For All’ promotes over 250 ancillary industries. Moreover, the sector has constantly seen rise in private equity investments, launches and sales in the last few years. As of now, the sale of lands and buildings are out of GST influence but they are estimated to be taxed within the next year. To discuss in detail, GST is expected to bring along the following changes in the Indian real estate sector: [Read more…]

Privacy is a Trending Topic in Mumbai Real Estate

Mumbai is an island city with scarcity of space however its strategic seashore location and tropical wet and dry climate have catapulted it to the financial and commercial capital of India. It is also the most populous and has the highest Gross Domestic Product amongst all the cities of the country. This brings us to the topic of housing since being one of the most populous urban regions in the world demands construction of high-rising, compact and affordable homes in Mumbai.

Privacy is a Trending Topic in Mumbai Real Estate

Privacy is a Trending Topic in Mumbai Real Estate

Past Indian homes used to house joint families living over a considerable amount of land even in a city like Mumbai. However in the present, owing to the growing population settling in a concentrated area, Mumbai’s real estate developers began building space-smart homes which used the land optimally. Although, this condensed residential architecture has resulted in another issue for Mumbai’s families. Even when the families were forced to sacrifice their living space they refused to give-up on the age-old tradition of joint living in Mumbai. Consequently, the privacy of an individual or a couple began getting compromised with, howsoever involuntarily, by other family members in the home. [Read more…]

Branded Hostels: A Growing Trend in Indian Cities

Branded hostels until some time ago were an untapped segment of the Indian real estate market but with the recent branded hostels phenomenon, they have grown into ‘A home away from home’ for their users. This sector was a neglected asset class earlier but now with students and working professionals looking for an interim accommodation where they can avail all modern facilities, the segment has rose to demand. Many developers these days are coming up with hostels which give you excellent facilities and amenities.

Branded Hostels: A Growing Trend in Indian Cities

Branded Hostels: A Growing Trend in Indian Cities

Students and professionals have for long adjusted with mediocre rented accommodations or paying guests PG accommodation pads. In these facilities, the security is usually not up to the mark and only bare minimum facilities are available for the users. Some students live in hostels provided by the educational institutes where in the name of facilities you have only internet, food and laundry. [Read more…]

Mumbai to Get Two New Metro Corridors

Prime Minister Narendra Modi laid the foundation stone of Metro 2B and 4 on 10th Dec in Mumbai. They did this before the Mumbai civic Elections that were held on 21st Feb. The BJP won the civic polls and have planned to improve the infrastructure and connectivity further in Mumbai.

Mumbai to Get Two New Metro Corridors

Mumbai to Get Two New Metro Corridors

This Metro 2B corridor project between DN Nagar and Mankhurd will have 22 stations in between and will cover 23.5 km. The project is worth around Rs. 10,986 crores. The second Rs. 14,549 crore metro 4 corridor will lie between Wadala and Kasarvadardi in Thane, is the longest corridor in MMR and will cover 32 stations covering 32km. [Read more…]

This Holi, Give Your Home A Colorful Décor

Holi is a big Indian festival. Transcending the boundaries of culture and religion, every year Holi unites us with our family and friends and enables us to celebrate the joys of life with full fervor. Also, Holi marks the end of winters and the beginning of spring, a reason to rejoice in its own regard for our agrarian society. As it is during all our festivals, we decorate our homes and make them a part of our celebrations too.

This Holi, Give Your Home A Colorful Décor

This Holi, Give Your Home A Colorful Décor

Below are a few tips on decorating your home this time in the colorful festival of Holi:

Embellish your Walls

This Holi, do not wait for that time of the year when you get your home painted and instead go DIY (Do it yourself!) right now by drenching your home’s walls in exuberant colors. Not only that, this time you can also try color-blocking your home’s walls by choosing two colors and painting the wall with them in a pre-decided unique pattern to give the wall an innovative mix. Moreover, the walls can also be decorated with wall-hangings, paintings, floral wall papers, framed pictures and fashioned patterns to elevate their festive factor up by quite a few notches. [Read more…]

How Digitalization Paves the Way for Overall Growth of Indian Economy

India is chalking out its own growth strategy driven by digitalization, connectivity, cash -less/paper-less economy, and start-up innovation ecosystem. Indian economic growth will be driven by the rising tech adoption.

Smart phones penetration is rising in the country with 700 million users expected by 2020; we will have 331 million internet users by 2020. With Aadhaar UID, 1 billion users can authenticate 100 transactions per day in real time. India Stack is a complete set of APIs for developers which include Aadhaar for authentication, e-KYC, and e-sign amongst others. All these will propel technological disruption, digital connectivity, growth of tech start-ups in order to achieve the said vision of Digital India.

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Technology will allow businesses to transact easily and efficiently, and thus contribute faster to economy growth. Launch of new devices that feature iris scanner that is Aadhaar and STQC certified, will enable cashless and paperless services for banking, passport, taxation, etc. All these, along with Immediate Payment Service, Unified Payments Interface, micro ATMs, m-POS and financial inclusion programs by the Government (such as Pradhan Mantri Jan-Dhan Yojana), will aggressively pave the way for digital payments in India. [Read more…]

Your First Home Will Now Cost Rs 2.4 Lacs Less

2017 is surely the best year to make your dream home a reality.

After a favourable Union Budget, here is another good news for the first-time homebuyers. Government has announced changes in the home loan interest subsidy slabs to spur the real estate market.

Your First Home Will Now Cost Rs 2.4 Lacs Less

Your First Home Will Now Cost Rs 2.4 Lacs Less

As per the new slabs, if you earn Rs 18 lac per annum, your first house will cost you Rs 2.4 lacs less as you will get subsidy on a part of your home loan interest from the government. This subsidy was earlier available to only those earning up to Rs 6 lac per annum. This progressive change in slabs will encourage more middle-class individuals to buy their dream home. [Read more…]