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

CREDAI seeks bank funding for developers to buy land for affordable housing projects.

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Read more about ‘Developers need finance to buy land for affordable housing projects’ on Business Standard. Government should facilitate finance to acquire land for affordable housing projects by real estate developers, Confederation of Real Estate Developers’ Association in India (CREDAI) President Jaxay Shah said on Wednesday.

 · CREDAI seeks bank funding for developers to buy land for affordable housing projects. gst Act, DEA Notification dated 14.11.2017, Ministry of Housing.

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New Delhi, Jun 16 () 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.

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 ..

 · Home / Business / 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.

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 · CREDAI seeks bank funding for developers to buy land for affordable housing projects. pti published : Jun 16, 2019, 6:23 pm IST Updated : Jun 16, 2019, 6:23 pm IST Land funding is typically done by NBFCs or private equities, it said, but added that cost to developers are as high as 25 pc. CREDAI, which has over 10,000 developers as members.

Developers like Tata Housing are making mega offer of a complimentary extra room on buying a 2. developers – MCHI- CREDAI – has partnered with property portal Housing.com for a 25-day-long Virtual.

The demonetisation exercise caused "great" distress to people and hit Karnataka’s revenues from stamps and registration, causing a shortfall of Rs 1,350 crores during 2016-17, chief minister Siddaramaiah said, on March 15, 2017. Questioning. READ FULL STORY.

The GST Council recently recommended reducing the tax rates for under-construction projects to 5% from 12% and rate on affordable housing was cut to 1% from 8%, while withdrawing the Input Tax Credit (ITC). Realty developers have termed the recent changes as a case of double taxation compared to the sale of vacant land.

Bank finance against lands, increase in tax exemption limits for home buyers, solution to NBFC crisis, faster clearance to realty projects and boost to infrastructure sector top the wish list of.