Tag Archive: GST

Real Estate in Goa: Demonetization v/s. GST v/s. RERA

The recent demonetization of Indian rupee bank notes has created a scenario where many believe that housing prices will drop rapidly. This has prompted a wait and watch syndrome for potential home buyers. Experts actually believe that the Goods and Services Tax (GST) which is set to be rolled out in April 2017, coupled with the Real Estate Regulator Act (RERA) which begins in May 2017 will actually cause developers to increase prices. If you are on the lookout for a home, here are some key points to consider: House condition– How old is the property? Is it in a good condition? What do the neighbours say? Builder’s reputation– It is worth checking out the credentials of the builder before proceeding. Are they a member of CREDAI? Location– Is the property close to good transport, Schools, Hospitals, market?…
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