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

A one of its kind initiative by MCHI-CREDAI’s Navi Mumbai and Raigad Units, the expo will have more than 150 stalls and over 100 developers and 20 Housing Finance Companies and Banks are participating.

GST News, Real Estate. Realty sector seeks clarity on GST rate for joint development of commercial projects. GST Station July 3, 2019. Read More. GST News, real estate. gst: credai seeks bank funding for developers to buy land for affordable housing projects.

Projects seeking partnership. Architecture and Design as Solution for Affordable Housing – An Interview with Christophe Hutin, Architect of Hauts Plateaux, France. India – Housing For All Engages Citizen Sector and Housing Developers to Align Supply and Demand for Affordable Homes.

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Confederation of Real Estate Developers’ Associations of India (CREDAI) was established in 1999 with a mandate to pursue the cause of housing and habit providers. It has grown its membership base since then and has more than 11,940 members today spread across 23 state and 189 city chapters.

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With so many recent changes in GST on affordable housing, home builders may be wondering what to do. The announcement came on the heels of a new concessional rate for affordable housing. As a general rule of thumb, the land is worth one third of the price, and when you subtract that amount.

We would also urge the Government to create a new fund that will help buy out. hit on Affordable Housing as the house becomes even more expensive and will be away from the common man’s reach. Manoj.

The real estate sectoral body, the Confederation of Real Estate Developers’ Associations of India (CREDAI), is in CREDAI is urging the government to treat land like any other industry under the GST regime. It claims that once GST is introduced, industries across the nation will benefit from the move.

Realtors’ apex body CREDAI demanded reduction in GST, easier bank financing. to purchase land for affordable housing projects, he said, adding that the area norm should be removed for the.

US long-term mortgage rates fall; 30-year average at 3.82% WASHINGTON – U.S. long-term mortgage rates fell this week, giving an incentive to potential buyers as the spring homebuying season opens. Mortgage buyer Freddie Mac said Thursday the average rate on.

NEW DELHI: The effective GST rate on under- construction real estate projects will be 12 per cent only and not 18 per cent as there will be abatement for land cost, according to tax consultant EY.