Infrastructure & real estate together contribute 29.5% to India's GDP – higher than US (22.6%) and China (17.6%) Budget allocations in infra see massive jump - from USD 791 bn in 2014-15 to USD 2,042 bn in 2019-20 Sector attracted massive FDI worth INR 207 bn in last 5 years backed by growing economy & strong fundamentals
The slash in GST rates to 5% without ITC from the previous 12% with ITC for premium homes, and to 1% minus ITC for affordable homes from the earlier 8%, gives the beleaguered realty sector the much-needed breathing room and will certainly help it maintain some forward momentum in 2019. Another booster shot given by the government is changing the very definition of the budget-range of affordable housing.
I have been a close observer of the blockchain and cryptocurrency markets for some time now. It is now pretty clear to me (and a lot of other people!) that this technology has a lot of potential. I am quite optimistic that it can radically change the way we interact, transact and trust one another. Many people are skeptical about cryptocurrencies (it is a ponzi scheme!), but there is little doubt about the usefulness of the applications that cryptos enable.
The keenly-awaited meeting of the Goods and Services Tax (GST) Council, which was supposed to deliver a final decision on the differential tax rates on real estate yesterday, hopes to reach a consensus on the 24th. This is a critical matter and the outcome will have a notable impact on real estate market sentiment.
In this article, I want to explore certain nuances of ICOs. For the uninitiated, the acronym ICO stands for Initial Coin Offerings. They are also sometimes known as Token Generating Events (TGEs), and in some instances, also referred to as WTFLOL. If I have to be honest, with the amounts being raised, and the business models being funded, WTFLOL describes almost everything happening in this space.
A new Government with a clear majority raised optimism in 2014. Nearly 5.45 lakh units launched in the year and nearly 3.43 lakh units sold - previous year saw launch of approx. 4.6 lakh units) and lower sales. Long-term benefits of recent reforms will accrue only with the continuity of their enforcement by this or the next Government.
GST rate cut or not, GST-exempt ready-to-move draws maximum sales. Of total unsold stock of 6.73 lakh units in the top 7 cities, only 13% are ready-to-move-in. Of 5.88 lakh unsold under-construction units, 20% to be completed in 2019 – addition of 1.16 lakh RTM units. Can a marginal tax saving on overpriced properties trigger sentiment revival in delay-tainted under construction segment?