The introduction of GST will have a cascading effect on the real estate sector due to the positive symbiotic relationship it shares with more than 250 sectors such as cement, steel, IT, BFSI, etc
The Goods and Services Tax (GST) is the most radical taxation reform that is set to alter India’s economic prospects. A single indirect tax, encompassing all goods and services, is surely a welcome change. GST is built into the value added structure that would eliminate the cascading effect of taxes and is expected to boost tax collection by making compliance easy for retailers and other businesses as also reduce overall taxation levels. The results, however, will be evident only two-three years after GST gets implemented.
The existing, top warehousing hubs are: Delhi-NCR, Mumbai, Pune, Bangalore, Chennai, Hyderabad, Kolkata and Ahmedabad. These eight city hubs put together had a cumulative supply of organised Grade-A and Grade-B warehousing space of around 97 mn sq ft in 2015 and this is expected to grow to around 116 mn sq ft by the end of 2016. Moreover, GST will result in emergence of new hubs: Belgaum, Bhubaneswar, Coimbatore, Goa, Guwahati, Indore, Jaipur, Kolhapur, Lucknow/ Kanpur, Ludhiana, Nagpur, Patna, Raipur, Ranchi, Vapi and Vijayawada.
Though GST will give a big push to the manufacturing, warehousing and logistics sectors in India, there are implications beyond these sectors too. The retail industry and residential property buyers stand to gain in particular.
Benefits of GST to different sectors
この記事は Property Expert English の September - October 2016 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Property Expert English の September - October 2016 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
GST Needs Clarity
GST may usher in clear and transparent taxation rules for the real estate sector in India. But the new law requires many clarifications for its effective implementation.
Shop Day and Night!
The approval of Model Shops and Establishment Bill may revive the fortunes of the sluggish landscape of malls and retail stores in the country
Cheers for Real Estate
The SEBI has proposed relaxed norms for REITs to allow them to invest more in under-construction assets. REITs are well on the path of becoming one of the most attractive investment vehicles
Real Game-Changer?
The introduction of GST will have a cascading effect on the real estate sector due to the positive symbiotic relationship it shares with more than 250 sectors such as cement, steel, IT, BFSI, etc
LatestPastel Trends
Impart versatility toyour wooden interiors with right mix of colours, patterns and textures to give your home a touch of sophistication and refinement
Poised to Take Off
With Jewar Airport all set to become a reality in future, there are big hopes for the revival of real estate markets in Noida Expressway, Greater Noida, Yamuna Expressway, Ghaziabad, and even Agra.
