GST, RERA combo very positive for real estate sector: Pirojsha Godrej

GST, RERA combo very positive for real estate sector: Pirojsha Godrej

Real estate developers are grappling with the introduction of both the Real Estate Regulation & Development Act (RERA) and the Goods and Services Tax (GST). PIROJSHA GODREJ, executive chairman of Godrej Properties, the real estate arm of Godrej Group, discusses the impact of both on the company’s sales and operations in an interview with Raghavendra Kamath.Edited excerpts: Continue reading “GST, RERA combo very positive for real estate sector: Pirojsha Godrej”

GST rollout a setback for real estate in city, no new constructions started

GST rollout a setback for real estate in city, no new constructions started

DEHRADUN: Last year’s demonetisation and the July 1 rollout of Goods and Services Tax have affected the already struggling real estate sector.

Dehradun alone has over 100 group projects where thousands of flats are under different stages of Continue reading “GST rollout a setback for real estate in city, no new constructions started”

Unsold inventory in the real estate sector is piling up, slump is aided by scepticism over RERA and GST

Unsold inventory in the real estate sector is piling up, slump is aided by scepticism over RERA and GST

As per the report, this slump is despite the 20% price correction in the past 18 months. About 17,188 units were sold in the first half of 2017 compared with 23,092 units in the same period last year.

Continue reading “Unsold inventory in the real estate sector is piling up, slump is aided by scepticism over RERA and GST”

The 21st-Century Real Estate Deal: How the Internet of Things Is Changing Commercial Real Estate

The 21st-Century Real Estate Deal: How the Internet of Things Is Changing Commercial Real Estate

The commercial real estate (CRE) industry is on the verge of a major disruption: the Internet of Things (IoT). Technology is making its way into an industry that historically lacks the innovative spirit, and we’re beginning to see a drastic change in what it means to be a real estate broker. As client needs evolve, brokers must Continue reading “The 21st-Century Real Estate Deal: How the Internet of Things Is Changing Commercial Real Estate”