Goa Latest Real Estate News

NIT finally gets land at Cuncolim

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Seven years after setting up, 4.56 lakh sq mtrs of land handed over for institute; Construction to be completed in three years PANJIM: After a seven-year-long wait, Goa government on Saturday finally handed over land measuring 4,56,767 square metres at Cuncolim to the National Institute of Technology (NIT) to set up a state-of-the-art permanent campus which will be completed within the next three years. The certificate of transfer of land was handed over to NIT Director, Professor Udaykumar R Yaragatti, and Director Designate NIT, Goa Prof Gopal Mugeraya, by the Secretary for Education, Dr Ranbir Singh, for setting up a permanent campus. In 2009, Goa government had approved setting up of a NIT in the State, and make available land free-of-cost to the Ministry of Human Resource Development (MHRD) for the project. Addressing the gathering, outgoing NIT Director…
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12% GST will boost real estate sector: NAREDCO

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New Delhi: The GST regime will be a game changer for real estate sector and the 12 per cent GST on construction projects meant for sale to buyers will boost the sector, National Real Estate Development Council (NAREDCO) said on Wednesday. “The GST will be a game changer for industry, including for real estate sector, since it will subsume more than 16 major taxes and levies into a single consolidated tax,” NAREDCO President Parveen Jain said. Additionally, he said, the unified tax regime will stop the unwanted practice of double taxation, which hurt real estate and other sectors, given their cascading effect which inflated prices for end-users. “NAREDCO further hopes that the GST Council will also address the issues related to affordable housing, which was exempt from service tax in the previous tax regime,” Jain said. NAREDCO Chairman…
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