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Real estate sector sentiments take a further hit with RERA and GST ambiguity

The uncertainty over the manner and form in which the Real Estate (Regulation and Development) Act, 2016 (RERA) rules will be implemented across states and the implementation of the Goods and Services Tax (GST) from July 1, 2017 has created confusion among stakeholders, especially with respect to on-going projects, says FICCI-NAREDCO Real Estate Sentiment Index for the second quarter 2017. ... Read More »

House Price Inflation To Edge Down Further: Nomura

New Delhi: Affordability concerns are likely to dominate the Indian housing sector while prices may face downward pressure despite lower interest rates and aggressive retail lending push by banks, says a Nomura report. According to the Japanese financial services major, elevated housing prices amid a sluggish job market have likely curbed end-user demand. “Even as lower interest rates and an ... Read More »

Realtors Say No Scope For further reduce In Housing prices

New Delhi: Realtors’ apex frame CREDAI on Tuesday stated there’s no scope for in addition reduction in housing costs as this would result in rise in NPAs and non-delivery of actual property projects. RBI Governor Raghuram Rajan the day gone by requested real estate developers to lessen costs toencourage extra people to shop for houses. “about ninety per cent of ... Read More »