GST Council, headed by Finance Minister Nirmala Sitharaman, held its 37th meeting in Goa on 20th September 2019. With India’s Gross Domestic Product (GDP) touching a six-year low of 5 per cent, and various sectors facing a severe downturn, the government was under huge pressure to take new measures to boost consumption and demand by reducing the GST. Despite the real Read More

It is highly possible that the government would announce some measures for the real estate and auto sector in the coming weeks. Both these sectors generate a lot of employment and would definitely need some kind of relief measures. A million contractual manufacturing jobs are at risk due to the consumption slowdown, Society of Indian Automobile Manufacturers (SIAM) President Rajan Read More

The real estate sector may soon get a boost as the Centre readies a package to help renew growth, as per a Business Standard report. The package, aimed primarily at home buyers and real estate developers, is expected this week, the paper quoted government officials as saying. “There have been discussions on a task force for real estate similar to the Read More

PE inflows accounted for more than $ 2.1 billion during January-June 2019, whereas 0 million came in from non banking financial companies (NBFCs) and housing finance companies (HFCs). A clutch of factors, including the recently concluded Lok Sabha elections and RBI tightening lending norms for NBFCs and HFCs, impacted investments in real estate during the January-June period in the current calendar year Read More

The millennial generation is not only re-defining the way the new India works but also how it cohabits in the society. The contemporary concept of ‘co-living’ is the coming together of young professionals who have settled in Tier I and II cities and aspire to cohabit with culturally and professionally like-minded people in a space defined as a home away Read More

In addition, Confederation of Indian Industry (CII) conducts a periodic manufacturing sector survey to evaluate the business trends. Sushim Banerjee We have been talking on business sentiments being a primary influencing factor in driving growth parameters of the economy. A country where this index is positive as indicated by higher expectations of order generation to generate revenue flows, the downward Read More

The Indian commercial real estate market is expected to provide 294 million sq ft of REITable space which would be valued at $35 billion, says a report. IT/IT-SEZ office space to dominate REITable assets across the country. With large and quality IT spaces occupied by prominent global players, Bengaluru will be the most favoured city for REITable assets. Presence of single-ownership Read More

As the steady rising day temperatures call out the ending of the winter season, Pradeep Kumar is on his way to start another busy day. As a retailer of consumer camera equipment, he has established a good presence both on ecommerce platforms (that is responsible for about 30% of his sales) in addition to his small store in Delhi’s Lajpat Rai market. Read More

Arun Jaitley(REUTERS FILE PHOTO) The Goods and Services Tax Council decided on Sunday to cut the tax on under-construction houses to 1% for properties valued up to ₹45 lakh and to 5% for those in the premium segment in order to boost the troubled real estate sector and provide relief to aspiring homebuyers. The rates will be brought down from Read More

Blinded by falling funding costs, NBFCs raised their exposure to property firms by 46% over 3 years even as banks have been extremely cautious. Just a year ago, India’s third-largest mortgage lender was bragging about how it had shrunk its financing costs by replacing bank loans with market borrowings. Now, Dewan Housing Finance Corp. is confronting the fallout of that Read More