GST: CREDAI seeks bank funding for developers to buy land for affordable housing projects – GST Station

CREDAI seeks bank funding for developers to buy land for affordable housing projects. GST Act, DEA Notification dated 14.11.2017, Ministry of Housing and Urban Affairs in respect of CLSS and. New Delhi, Jun 16 Realtors apex body CREDAI in its budget wish list has demanded that banks should fund developers to buy land for development of.

CREDAI Seeks Bank Funding for Developers to Buy Land for Affordable housing projects. land funding is typically done by NBFCs or private equities, it said, but added that cost to developers are as high as 25 per cent. June 18, 2019, 3:54 pm explore: Business

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CREDAI seeks bank funding for developers to buy land for affordable housing projects.. Government hiked the GST rate for the construction sector to 18 per cent from 12 per cent.

New Delhi, Jun 16 () Realtors apex body CREDAI in its budget wish list has demanded that banks should fund developers to buy land for development of affordable housing projects. section 80 IBA of.

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After the RERA/GST implementations in Q1FY18, developers have tweaked their product offering to include more affordable and mid-income housing projects because that is where the demand lies. business standard. credai seeks bank funding for developers to buy land for affordable housing projects.

CREDAI seeks bank funding for developers to buy land for affordable housing projects Description: Under the CLSS, affordable housing comprises units with a carpet area not exceeding 60 square metres within the cities of Chennai, Delhi, Kolkata and Mumbai, and 120 square metres elsewhere.

Realtors apex body CREDAI in its budget wish list has demanded that banks should fund developers to buy land for development of affordable housing projects. It has also stated. Section 80 IBA of.

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Read more about ‘Developers need finance to buy land for affordable housing projects’ on Business Standard. Government should facilitate finance to acquire land for affordable housing projects by real estate developers, Confederation of Real Estate Developers’ Association in India (CREDAI) President Jaxay Shah said on Wednesday.