The Confederation of Real Estate Developers' Associations of India (CREDAI) has strongly opposed the central government's proposal to impose an 18% GST on chargeable Floor Space Index (FSI), warning that it could lead to a significant rise in housing prices and adversely affect the real estate sector.
Currently, local authorities grant chargeable FSI for construction projects, with developers purchasing additional FSI by paying for it via Transferable Development Rights (TDR). However, the central government's recent proposal to impose 18% GST on this
This story is from the December 21, 2024 edition of Ahmedabad Mirror.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 21, 2024 edition of Ahmedabad Mirror.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
HOUSING PRICES MAY RISE 10%
Ahmedabad Mirror
More student loans forgiven by Biden govt
55,000 to get benefit under Public Service Loan Forgiveness prog
Trump issues threats to EU
Asks it to buy most of its oil, gas from the US
Russian bombardment targets Kyiv
In retaliation to Ukraine's use of US-made missiles across the border
House rejects Trump-backed plan to avert govt shutdown
Setback for Trump-Musk who rampaged against bipartisan plan
October is now a Hindu Heritage Month in Ohio
Ohio State House and Senate has passed the bill
Amid resignation calls, Trudeau to shuffle cabinet
Embattled Canadian PM faces discontent over his leadership after resignation of his fin min
Sundeep's set for a crackling 2025
Actor talks about working in Jason Sanjay's directorial debut and more
A film about aging & companionship
Veteran actors Sharmila Tagore and Mohan Agashe spill the beans about their upcoming film Outhouse
Vikas' emotional moment with Anne
As The Princess Diaries' actress visits chef's famous NY restaurant, he remembers late sister Radhika
