2018년 인도 부동산 부문 예산, Budget 2018: What India's real estate sector expects
[REAL ESTATE NEWS] Good morning, everyone. I’m Byeongyeon Yoo staff of Kamaindia Pvt. Ltd.
Here I have an important Real estate news to share with you which is as undermentioned.
The single-tax regime in India ushered in additional cost pressure on real estate. Presently real estate falls under 18% tax bracket of the Goods and Services Tax (GST) Act with 1/3rd abatement for land. However in major metros, the share of land is more than 50% of the project cost. We therefore recommend that the government aligns this with market realities and accordingly increase the abatement for land to 50%.