Wednesday, 24 January 2018
Budget 2018: What India's real estate sector expects
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.
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