Market Updates
The supply of affordable housing in Gurgaon, one of India’s largest real estate markets, is expected to see a significant boost, after the department of town and country planning (DTCP) invited fresh applications for licences to build over 3 lakh affordable housing units. Haryana amended its Affordable Housing Policy 2013 in October 2017, to extend…
Moving a step closer to end-to-end movement of vehicles on Dwarka expressway, Haryana Urban Development Authority (Huda) on Thursday demolished nearly 40 boundary walls around vacant plots in New Palam Vihar. The move is aimed at clearing the way for movement of vehicles through New Palam Vihar. “We demolished walls of vacant plots to take…
Don’t charge GST from affordable housing buyers: Government to builders The government today asked builders not to charge any GST from home buyers as the effective GST rate on almost all affordable housing project is 8 per cent which can be adjusted against the input credit. It said builders can levy GST on buyers of…
