With government’s decision to reduce GST from 12% to 5%, it is expected that flats in Ghaziabad would be easier to buy and cost effective in 2019. To fulfill the objective of ‘Housing For All by 2022’, GST for affordable housing has been reduced to marginal 1 per cent. Before this decision, the effective rate of GST for affordable housing was 8%. With this, it is clearly evident that the government wishes to push the sales of affordable homes. It is expected that the lower tax burden is certainly will increase the demand in this segment and keep the real estate developers in Ghaziabad committed towards building more pocket-friendly housing projects. According to the National President of CREDAI, “The reduction of GST on Affordable Housing to 1 per cent is a revolutionary move for Indian real estate. This move is a significant triumph for home buyers and will play a huge role in boosting their sentiments.” Further, it is also said that the demand for under-construction Raj Nagar Extension flats and that in other areas of the city will get a huge boost. The under-construction segment has been suffering from low sales since many quarters in the past. But, this move is expected to bring the needed filip that will escalate the demand in this segment. Some experts believe that the expanded definition of affordable housing, reduction in GST rates, reduction in lending rates by RBI and different incentives proposed in the budget stand in favour of the sops for the residential market. Thus, in simple words, it can be said that purchasing a home would now be very friendly to one’s pocket and that it would be easy for everyone to afford their own home. There are real estate builders in Ghaziabad, who support the government in achieving the objective of ‘Housing For All by 2022’. One of them is LandCraft. It is a famous realty developer in Ghaziabad that has set a new milestone in the segment of affordable homes. It believes in going hand-in-hand with the government’s objective and helping the masses build their home of dreams. For every potential home buyer in Ghaziabad, this project has valuable housing solutions to offer. However, being a buyer, you should always be open to researching the market and analyzing the current scenario. As far as the present time is concerned, investing in Raj Nagar Extension or NH24 Ghaziabad flats is the most suitable option.
0 Comments
|
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
March 2020
Categories |