Realtors seek clarity on GST exemption on development rights

Realty developers are seeking clarity on recent exemption offered from the goods & services tax ( GST ) levied on development rights, including transferable development rights (TDRs), development rights certificates (DRCs) and joint development agreements (JDAs). Realtors’ body, the  National Real Estate Development Council (NAREDCO), has written to the Ministry of Housing and Urban Affai…