Get all the latest news and updates on Gst Issue only on News18.com. Read all news including political news, current affairs and news headlines online on Gst Issue today.. CREDAI Seeks Bank Funding for Developers to Buy Land for Affordable Housing Projects;
In its outlook for 2018-19, the agency said there will be a gradual pick up in growth momentum owing to structural reforms like GST and. it said. CREDAI seeks bank funding for developers to buy.
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· In its letter to the PMO, the Confederation of Real Estate Developers’ Associations of India (CREDAI) has demanded a one-time restructuring of bank loans and creation of a stressed asset fund.
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CREDAI seeks bank funding for developers to buy land for affordable housing projects. The council also decided to reduce the GST rate for affordable housing from 8 per cent to 1 per cent. The.
How will GST impact the Indian real estate sector Rental yields in major cities could certainly moderate if GST is levied on rental housing. In India, rental yields in housing are modest at around 2-4% on an average.
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CREDAI Seeks Bank Funding for Developers to Buy Land for Affordable Housing Projects. 15 hours ago. Jet airways crashes 54% in Single Session as Lenders File Insolvency Petition.. Extend GST Compensation Beyond 2022, Else Karnataka Will Face Financial Crunch, Says Kumaraswamy.
· How will GST impact the Indian real estate sector. and also on account of the trust deficit which the Real Estate Regulation & Development Act – or RERA – now seeks to address. That said, if costs do go higher under GST, the lower prevailing current home loan rates could assuage the impact to some extent.. Impact on Affordable Housing.
CREDAI seeks bank funding for developers to buy land for affordable housing projects. Realtors apex body CREDAI in its budget wish list has demanded that banks should fund developers to buy land for development of affordable housing projects. It has also stated that the definition of affordable housing should be same across all the legislation.