Browsing: GST on ready to move property

Consumer Connect GST Rate Cut, GST on under construction properties, GST on ready to move properties, GST on home purchase, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment in property

GST cut hype; homes not affordable

This home buyers’ outburst over the media hype & industry reaction with reference to reduced GST is not an exception. Across the country the home buyers are questioning how the GST reduction has made the houses affordable in the cities where the jobless growth is fast turning into job loss de-growth. This is over and above the fact that the property prices are way beyond the affordability index.

Column GST, GST on Property, GST on Home Buying, GST on Under Construction Property, GST on Ready to Move Property, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment in property

Major implications of the GST rate cut

This is a major push to the housing sector as aspiring home buyers now have a wider range of options to choose from. Additionally, developers would be enthused enough to commit towards offering more residential options in the affordable category.

Policy Tax, Tax in Real Estate, GST, GST in real estate, Goods and Services Tax, GST liability for homebuyers, Tax liability for homebuyers, GST on ready to move property, Tax burden on homebuyers, GST increasing taxes in property, India real estate news, Indian realty news, Real estate news India, Indian property market news, Track2Realty

GST not tax neutral for homebuyers

It is true that the GST burden is today a huge deterrent in the housing market and a large share of homebuyers are now waiting for the project to be ready as the ready to move apartment won’t attract GST burden. The problem, however, is with millions of buyers who are in the mid cycle of construction and the GST has suddenly added to their already over stretched budget in the housing market.

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Ready to move property a common wish across cities

Be it Mumbai or Pune in the Western part of India or Hyderabad, Bangalore and Chennai in the South, the homebuyers seem to be convinced with the reality of GST and its implications with various stages of construction. It is hence not surprising that most of the homebuyers across the cities today wish to invest in ready to move apartments to save from the hassles of paying the GST.