On 1st July, PM Narendra Modi introduced the Goods and Service tax with the aim to offers relaxation from the multi-level tax payment. This tax procedure includes various taxes like VAT, Service tax and more. In fact, a GST Council is also structured to discuss and track the process. This tax system is also applicable on the Indian real estate market and thus people have various apprehensions about the same. Hence, we have listed down the FAQs [Frequently Asked Questions] about GST to make dealing in the property market easy:
Dubai has always remained a realty hotbed amongst most of the hi-end homebuyers who want to invest here. Reason being, a sound infrastructure, well-developed connectivity, and timely delivery of projects that attract home buyers to come and buy property here. This has led to the launch of several projects in Dubai.
One of the main questions that confuses a first-time home-buyer is whether he should buy a home in a ready-to-move-in project or make a booking in an under-construction project. Both the options have their own pros and cons.
As the name suggests, an under-construction property is one that is still in the development process and is not fit for immediate move in. The main issue related to the under construction property is the delay in completion of the project. The project may be delayed due to any reason, the most prevalent are those related to financial consequences and litigation issues. In case of ready to move in properties, you do not have to suffer the risk of delay. You get immediate value for money. [Read more…]