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
Bu hikaye Ahmedabad Mirror dergisinin December 21, 2024 sayısından alınmıştır.
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Bu hikaye Ahmedabad Mirror dergisinin December 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
HOUSING PRICES MAY RISE 10%
Ahmedabad Mirror
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