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

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

PTI | June 17, 2019, 11:00 IST NEW DELHI: 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.

Manoj Gaur, MD, Gaurs Group & Chairman, Affordable Housing Committee, CREDAI. Bank of India would bring about much needed reforms for financing of real estate sector such as land, giving priority.

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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 same across all the legislations. May 30.

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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 same across all the legislations.

We would also urge the Government to create a new fund that will help buy out. hit on Affordable Housing as the house becomes even more expensive and will be away from the common man’s reach. Manoj.

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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.

Finance minister: 1% GST on affordable housing will boost the real estate sector. In an attempt to give a boost to the real estate sector, the Goods and Services Tax (GST) Council on February 24 decided to reduce the GST on affordable housing properties without input tax credit (ITC) to on percent.

CREDAI seeks bank funding for developers to buy land for affordable housing projects realtors body NAREDCO has demanded a boost to rental housing in the upcoming budget from the government through incentives like 10-year tax holiday to real estate developers on profit earned from the business.

ETRealty.com brings latest gst news, views and updates from all top sources for the Indian Real Estate industry.. CREDAI seeks bank funding for developers to buy land for affordable housing projects. Land funding is typically done by NBFCs or private equities, it said, but added that cost to.