affordable housing projects
Supreme Court favors imposition of VAT on under-construction properties
Homebuyers who had not paid value added tax (VAT) while buying under-construction properties, may now have to bear the additional costs. In Larsen & Toubro case, the Supreme Court has supported the constitutional validity of VAT being imposed by the state governments on the sale of under-construction flats. The apex court has clarified that the […]
Affordable housing!
As per recent findings, a population of around 19 million have been left homeless within Indian cities due to the rapid urbanization along with the ever increasing migration of people from rural to urban areas. The Government is providing encouragement to the development of affordable housing projects by taking steps such as allowing the RBI […]
