News
GST cut, RERA have made realty buyer's market but wait till Apr 1 to buy
- Date:
- March 4, 2019
- Source:
- Economic Times
The government has made buying homes easier by slashing the Goods and Services Tax ( GST ) tax on under-construction properties. Rates have been cut from 8% to 1% for affordable homes and from 12% to 5% for regular units. Moreover, the size of what constitutes an affordable home has been too been revised. A 60 sq. mt unit in a metro and 90 sq. mt home in a non-metro, valued at up to Rs 45 lakh, wi…