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Impact of GST on real estate and home buyers

 Among the many taxes that home buyers need to pay on property buy is the Goods and Services Tax or GST on flats. Numerous progressions have just been made in this tax system, in a limited capacity to focus opportunity since it came into power in July, 2017. In this article, we analyze the ramifications of the GST for real estate as a rule and home buyers, specifically.  Taxes before GST usage  Before the GST came into power, an assortment of state and focal taxes were forced on structures, through the course of the construction of a lodging project. While these taxes expanded the expense of project development for developers, no credit against this tax was accessible to the manufacturers against the yield obligation. A portion of the taxes that real estate developers needed to pay before the GST came into power included Value Added Tax (VAT), Central Excise, Entry Tax, LBT, Octroi, Service Tax, and so on The expense brought about on these taxes by manufacturers, was then moved to the

Prestige Elysian - what buyers can expect ?

Bannerghatta road has become a growing hub of residential projects. This area is preferred by IT professionals and other workers of Bangalore for its well-connected state with a cleaner locality. Many people are now living on rent n Bangalore for their career. A major part of them is also searching for a house. Every buyer has their own requirements. So, there are very few projects which can fulfil all of them. Prestige group promises to give a majority of requirements the reality touch. Their latest venture called Prestige Elysian is now being launched. These residential estate will have buildings containing different sized apartments. There will be also many amenities to watch. Let's take a look at those features that a buyer can expect from this project. Connectivity Bannerghatta road is the state highway and it connects all major parts of Bangalore reality. The arterial road is very much beneficial to reach the IT hub. This area is also well connected to nearby h

Bagalur road in Vijaynagar to provide luxurious boutique homes coupled with seamless connectivity

Bangalore, over the years has transitioned into a potential property investment destination. Regarded as the Garden City of the nation, the city offers favorable conditions as far as climate and high profiled employment prospects in the IT sector. Property developers are gradually preferring to launch their projects around emerging parts around the city. This is crucial as it caters to rising demands for affordable residential structures. Bagalur road in Vijaynagar has witnessed rising levels of social and IT infrastructure development. Salarpuria Sattva Exotic is a fascinating residential project by Salarpuria Sattva group of developers located to precision at Kogilu cross, near Bagalur road in Vijaynagar. Talking about the details, the project offers 2 and 3 BHK boutique apartments that are scattered over wide-open spaces for optimum resource utilization. With around 345 residential spaces up for grabs, one has the liberty to choose among profitable alternatives based on individua

How has Bannerghatta transformed infra-structurally? What should residents analyze before investing?

Investing in the property market can help one save up and provide for their loved ones during unforeseen situations. Bangalore, renowned as the IT capital of the nation provides high profiled employment prospects in the IT sector. Prominent developers are capitalizing on key opportunities that can help cater to rising demands of the market. Residents who were saving up on a monthly basis are now transitioning to first-time homeowners. Prestige Elysian by Prestige developers is a residential property located to precision at Bannerghatta main road in Bangalore. The project 2, 3 and 4 BHK apartments that are spread across wide-open areas for maximum utilization of the resources available. Bannerghatta has come a long way as far as property infrastructures are concerned. The locality has witnessed extraordinary levels of social and IT infrastructure development which has simplified commute to prominent parts around the city. With the upcoming metro station at Bannerghatta main road, res

BDA North, East facing flats may hike 5%

Observing the demand for north and east facing houses, BDA (Bangalore Development Authority) believes in increasing the price to 5%. The unsold flats due to improper vastu are being unsold. So, this action is to make efficient sales and provide housing in this city. Price hike for north and east facing apartments BDA flats price in the city with the perfect vastu directions are to be hiked for systematic sale of flats. There are also flats with no home buyers due to the improper position of the property in the sense of vastu can be said. One example of Alur BDA flats left unsold because the properties are west-facing. The demand can be said for east, north and west which is said auspicious, prosperous and is good for the youth and wealth. East and northern directions for the construction of a house can be said as the perfect one.             Home lookers are often preferring the public developers by pouring solid amount of money due to the BDA improper directions of a

Concorde Mayfair- Medahalli to host affordable housing structures and enhance connectivity benefits

Bangalore, renowned as the IT capital of India has provided high-paying employment prospects in the IT sector. The city has also encouraged property developers to set their projects around emerging parts across the city. Residents are now choosing to transition from residing as tenants to first-time property aspirants. Concorde Mayfair by the famed Concorde group of developers is a residential project located to precision at Medahalli in Bangalore. The project offers 2 and 3 BHK residential units that are spread across 5.5 acres of land parcel. With over 500 residential spaces up for grabs, residents are presented with a host of alternatives to choose from. Medahalli, which is also close to the KR Puram railway station provides connectivity benefits to the rest of the city so people can get around to other parts of the city with relative ease. There are premier educational and medical institutions in close proximity that enables residents to provide the best for their children in te

Is it wise to invest in real estate in India now?

Real Estate India Investing in real estate in India has been into practice for quite a long time. Hence, this is a very valid question that has been raised if this time is perfect to invest in real estate in India. After the scrapping of the Rs. 500 and Rs. 1000 currency notes, the realty sector is under profound economic crunch. The government has shown indications of taking more steps against the black money invested in the realty market. The Benami Transactions Amendment Act has been implemented recently which has given a wider consensus in the realty market, with suggestions that there would be crackdown on properties which violate the rule. Think before investing recklessly – ·         As far as the investment prospects are concerned, it is better to apply the thumb rule of investment which means to buy at low and sell on high. For instance, projects like Salarpuria Sattva ParkCubix and Prestige Jindal are quite profitable ones because they are being bought at l