We at Pushpanjali Realtors, have plenty of options for resale flats in Kolkata within your budget. Be it in the techno city of New Town, Rajarhat or the posh locality of Alipore, we provide wide range of resale flats in Kolkata. With GST, the demand on ready properties has been on demand as the buyers can save on the GST.
We have surveyed the real estate market to study if ready-to-move properties will be cheaper for home buyers, as the GST (Goods and Services Tax) is applicable only to properties that are under construction and have not received the completion/possession certificate yet. Hence we have gained an idea since ready-to-move-in properties are exempt from the GST, the demand of resale flats in Kolkata or any ready to move in properties will be higher. However, the tax calculations under the new rules, for the real estate market, are not that easy.
So if you are looking for affordable resale flats in Kolkata then you can contact us over phone or reach out to our address or fill our enquiry detail form provided at our website. We would be happy to help you to find your dream home.
Real Estate is one of the crucial sectors of Indian economy and plays an important role in recruiting employment in India. Real Estate ranks second just after agriculture sector. With the Goods and Services Tax (GST) planned to replace multiple levels of taxation, let’s look out how it’s going to impact on real estate industry.
According to experts, GST would bring a fair transparency in real estate sector and would minimize deceitful transactions. So, the implementation of GST will definitely be a positive sentiment booster among property buyers. Though, the end-consumer satisfaction also depends on the final price of the property as it is driven by market conditions than on costing principles.
Currently, sale of land and buildings does not fall in GST boundaries but expected to be taxed within a year. On the other side, land and building construction would be beneficial with the price declared for cement, bricks and iron under GST. So the realtors believe that ready to use properties would be highly preferred by home buyers as GST does not implement for the time. However, these properties may have a high price as it is not beneficial of input tax credit.
In real estate sector there is always a huge unrecorded expenses for each project. Due to GST implementation this percentage would cut down which would benefit the real estate sector. So the impact of GST on real estate sector is expected to be neutral under GST as it is going to have a lot of transparency and accountability.