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Impact of GST on Real Estate

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New GST rates have come into effect for residential real estate right from the 1 st of April 2019. The GST is to be charged at 5% without Input Tax Credit (ITC) on residential properties that are not part of the affordable housing segment and at 1% without ITC on residential properties that are included in the affordable housing segment. For under-construction properties 12% GST is to be charged while it does not apply to the sale of completed properties (where completion certificate has been issued) or to the resale of old properties. Under GST, construction costs are significantly reduced for the developer as multiple taxes are not there and due to the availability of input tax credit. A reduction in the cost of logistics will be an added benefit. Hence developers may see improvement in margins. Builders receive an input tax credit on the materials purchased from suppliers/contractors and under the current GST structure pass it on for the home buyers to profit. As this has no...

Inexpensive flooring options for apartments

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Ugly floors marring the beauty of your apartment? Not to worry! If you are renting a flat in Kerala , you can’t completely change your floors. Also, if you don’t have the time or budget right now to  permanently alter the flooring you can at least disguise your floor with inexpensive flooring options. Just check out these inexpensive flooring options for apartments , for inspiration on how you can  change the look of an ugly floor without pulling it up. Scatter Rugs An affordable way to cover large areas of ugly flooring is with area rugs. You can buy several rugs and layer or stitch them together. It may give out a Bohemian look but can take the attention off  your ugly floor. Carpet tiles Carpet tiles are ideal are more flexible & budget friendly to cover up ugly floors. A standard-sized area rug will cover only a part of your ugly floor, but with carpet tiles you can buy many and trim them so you could basically cover e...

Attain a legit authorization for the building: Procure an Occupancy Certificate

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A dream home should reach the hands of the consumers, through the safest documentation method where no risk thereafter, regarding the ownership of the property, should arise. This is exactly why an Occupancy certificate is considered a vital part of a sale where the buyers can be 100 per cent sure regarding the property that they have attained. As far as the state of Kerala is concerned, the people can reach up to Luxury Kerala Flats where the people are provided with legit offers from the sellers who have constructed the building by abiding the laws of the local authority of the place and by acquiring the required permissions.  In simple words, having an occupancy certificate denotes the pass certificate that has been achieved to build a flat or an apartment building in the place .  One of the main advantages is for the buyers who are availing the flat on a housing loan where it is mandatory to submit the certificate. And the same applies in the case of ...

A Glance Through the Real Estate Hot spots in Kochi

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Kochi is one of the fast growing cities in India. Each and every spot in Kochi is a real estate hot spot and every Keralites want to buy properties in Kochi.Kochi is one of the preferred options for NRIs also. Because it will be a guaranteed investment for their lifetime. The living standard and human development index in Kochi is higher than any other cities in Kerala. Kochi hits a six to become the next highly preferred real estate location in India.  The economic growth and the rise of new ventures and industries boosted the demand for Kochi. Smart City, Infopark, Container Terminal, Cochin International Airport, FACT, Kochi Refinery, Kochi Metro and lot of other Industrial and commercial factors are behind the growth rate of Kochi. Tourism also has an important factor for steadily increasing demand for the hospitality sector and its allied industries. Take a look at the top real estate spots in Kochi Marine Drive Marine Drive is one of the prime attractions of Coch...