GST: CREDAI seeks bank funding for developers to buy land for affordable housing projects – GST Station

CREDAI seeks cut in GST; bank financing to buy land for low-cost home. PTI Feeds | March 14, 2018 10:19 PM IST. New Delhi, mar 14 (pti) realtors‘ apex body CREDAI today demanded reduction in GST.

While cost of funding is perceived to be low, house prices remain unaffordably and high with each subsequent developer’s launch. The fact that affordable housing is now priced from RM400,000 onwards is an indication that something needs to be done soon.

CREDAI News: Latest and Breaking News on CREDAI. Explore CREDAI profile at Times of India for photos, videos and latest news of CREDAI. Also find news, photos and videos on CEDAI

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CREDAI seeks bank funding for developers to buy land for affordable housing projects. It has also stated that the definition of affordable housing should be same across all the legislations.

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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.

Finance minister seeks consultants for sale of PSU land, buildings.. Prices of flats in the state are likely to rise by Rs 200 per square foot with the Confederation of Real Estate Developers Association of India (Credai), Maharashtra , deciding to pass the burden of input tax credit to purchasers.. Affordable housing in Maharashtra could.

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Right now, prospective home-buyers have to pay a 12 per cent GST to developers if they are planning to buy a property which is under construction. However, there is no GST on the fully constructed property. greater transparency However, RV Verma, former Chairman of the National Housing Bank, has a different take on the GST.

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CREDAI seeks bank funding for developers to buy land for affordable housing projects. GST Act, DEA Notification dated 14.11.2017, Ministry of Housing and Urban Affairs in respect of CLSS and.