Realty Newsletter – August 07 to August 11, 2017

This Week, “Delhi Development Authority has extended the deadline for the 2017 housing scheme by a month as it was unable to receive the desired response.”

Aug 12, 2017 05:08 IST India Infoline News Service

Top News
 
DDA extends deadline for housing scheme
 

Delhi Development Authority has extended the deadline for the 2017 housing scheme by a month as it was unable to receive the desired response. Read more
 
NIRMAL, L&T to develop 3mn sqft project in Mulund
 
NIRMAL, one of Mumbai’s leading real estate firms with a stronghold in Mulund has entered in a Joint Development Program with L&T Realty to build one of the finest Integrated Residential Development in the country. The project is expected to generate a turnover of approximately Rs 5500 crore over the next 7 to 8 years which has a saleable potential of approximately 32 lac sq. ft. Read more
 
Govt yet to clarify GST applicable on completed flats
 
There is huge confusion regarding the taxes applicable on housing property, especially on projects where the occupancy certificate has been secured for part of the scheme. A large section of builders continues to levy GST even on completed flats in case the occupancy certificate is issued for part of the project. Read more

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