January 08, 2021
The consequent accelerating sales
"We estimate that the reduction in GST can potentially reduce the buyers payout by 6 per cent – 7 per cent on the overall purchase, depending on the category.88 lakh under-construction homes lying unsold in the top 7 cities.."With affordable housing now being defined within the Rs 45 lakh budget, more properties qualify for this ‘sweet spot’ category,†said Anuj Puri, chairman, ANAROCK Property Consultant.Shishir Baijal, chairman and managing director, Knight Frank India, said the reduction in the GST rates for under-construction projects is the most decisive move by the GST council with a clear focus on demand stimulation. Of these, 34 per cent are priced below Rs 40 lakh alone.Altering the definition of affordable housing, the GST council said any residential apartment built on an area of less than 60 square metres and costing up to Rs 45 lakh in metro cities would be now categorised as affordable housing with effect from April 1, 2019. However, input tax credit cannot be claimed in both cases.
This would bring a large number of premium homes under the bracket of affordable housing.According to data compiled by property consultant ANAROCK, there are as many as 5. This, according to realty consultants, would nudge fence sitters to finally loosen their purse strings.Mumbai: The much-awaited reduction in the Goods and Services Tax (GST) rate for under-construction residential projects and change in the definition of affordable housing are likely to bring down the cost of a residential unit by 6-7 per cent.
The consequent accelerating sales will bring down the unsold inventory, which has been afflicting the real estate sector,†he said. For non-metros, the limit has been set at 90 square metres and Rs 45 lakh.The GST council on Sunday slashed the GST rates for affordable
CUSTOM SHEET METAL PARTS MANUFACTURERS homes to 1 per cent from 8 per cent and for under-construction normal homes.
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December 25, 2020
Those purchasing homes valued
"For realisation of the goal of Housing for All and affordable housing, a tax holiday has already been provided on the profits earned by developers of affordable housing."Current rental laws are archaic as they do not address lessor-lessee relationships fairly," she said, adding that the new tenancy rules would be shared with the states. Also, interest paid on housing loans is allowed as a deduction to the extent of Rs.New
custom precision machining parts Manufacturers Delhi: The Centre has rolled out a number of schemes for middle-class homebuyers that are expected to entail net gains worth Rs 7 lakh, in a big boost towards the goal of Housing for All.5 lakh for interest paid on loans borrowed up to March 31, 2020.
Those purchasing homes valued up to Rs 45 lakh under the affordable housing scheme, Sitharaman said, can avail enhanced interest deduction up to Rs 3.. 2 lakh in respect of self-occupied property," she added.Talking about rental tenancy laws, Sitharaman said the Centre would take substantial steps to promote rental housing for which government would make amendments in the existing rental laws.Read: Budget 2019: Some relief for tax payers, focus gaon, gareeb aur kisanThis move, Sitharaman said, will translate into a benefit of Rs 7 lakh for middle-class homebuyers over their loan period.
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December 15, 2020
The substantial increase in construction
One year after assuming office in 2014, the Modi government declared Housing for All scheme which aims to construct 20 million homes.For making its dream of Housing for All come true, the Narendra Modi government early this year extended infrastructure status to builders who undertake affordable housing projects.3 trillion wave of investment in housing over the next seven years. Modi has envisioned affordable housing for countrys poor, a majority of whom is homeless and spends days and nights on pavements.5 million annually by 2024, exceeding the 33 percent increase in the premium market," the report said.Under the infrastructure status, a builder is eligible to get state incentives, subsidies, tax benefits and institutional funding for completing their projects.
The substantial increase in construction activity and resultant rise in employments will enhance countrys overall gross domestic product or GDP that will see a jump of about 75 basis points."The volume of social and affordable housing will rise almost 70 percent to 10.The report cites CLSA
China Custom Metal Parts Factory India Pvt finding that claims "the best affordability in two decades will unleash a $1.3 trillion worth of investments to country, according to a report in Bloomberg.
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November 27, 2020
The draft policy has suggested tax incentives
The draft policy has suggested tax incentives for house owners who will rent out the property New Delhi: In order to spur investment in the housing sector, the government is considering to provide tax incentives for certain projects to ensure 'Housing for All' by 2022. "The Policy seeks to promote various types of public-private partnerships for promotion of rental housing in the country which will act as a catalytic force to achieve the overall goal of Housing for All by 2022," it added. The draft National Urban Rental Housing Policy have suggested a host of fiscal incentives to encourage rental housing with a view to achieve the goal of housing for all by 2022. The tax incentives, which could be announced in the Union Budget, would aim at promoting investments in rental housing by institutional players.
The draft policy has suggested tax incentives for house owners who will rent out the property, institutional owners wanting to set up mass rental housing and Property Tax exemption for Social Rental Housing properties. Housing is considered as one of the key sectors to promote growth by increasing demand for steel, cement, besides creating additional jobs. The tax department, according to sources, is looking at the draft rental housing policy to ascertain the tax incentives that can be doled out to the sector to encourage investments in housing sector.. It also suggested treating rental housing stocks at par with owner occupied premises in terms of property tax treatment and calculating other utility charges (water/ electricity
Wholesale custom special bolts Manufacturers.
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November 24, 2020
A classic example is collagen
These techniques could lead to new technologies such as a filter for bioremediation, which uses biological molecules to remove herbicides from tainted water, or synthetic matrices to help study human disease or aid tissue engineering to restore, improve or preserve damaged tissues or organs. Assemblies of natural proteins are also dynamic, forming and dissolving in response to stimuli.The next steps are to further develop the technology and expand the range of proteins that form fractal shapes as well as use different stimuli, such as chemicals and light.
The technique that turns proteins into never-ending patterns that look like flowers, trees or snowflakes, could be utilised to engineer a filter for tainted water and human tissues."Biomolecular engineers have been working on modifying the building blocks of life - proteins, DNA and lipids - to mimic nature and form interesting and useful shapes and structures," said Sagar D. Examples include trees, leaves, and pineapples. Khare, the senior author of the study.In nature, building blocks such as protein molecules are assembled into larger structures
custom special bolts manufacturers for specific purposes."Our team developed a framework for engineering existing proteins into fractal shapes," Khare added. Tiny protein molecules assemble to form structures that are scaled up and can be as long as tendons.The team used protein engineering software to design proteins that bind to each other, so they form a fractal, tree-like shape in response to biological stimuli, such as in a cell, tissue or organism.
A classic example is collagen, which forms connective tissue in our bodies and is strong and flexible because of how it is organised. They can also manipulate the dimensions of the shapes, so they resemble flowers, trees or snowflakes, which are visualised using special microscopy techniques.The study was published in the journal Nature Chemistry.The research team developed a technique for assembling proteins into a fractal, or geometric shapes that are repeated over and over.
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November 19, 2020
It is an energy-efficient air purifier that consumes just the right amount of power
Generally, Air Purifiers comes for a broad-area application, but what about
the air inside your bedroom or your cabin? Astria W60 is a compact-sized, wall
mounted air purifier for a single room (around 161 sq. Offering two variants
Astria F520 and Astria W60, it is meant for pollution-affected residents of
modern-day habitats. ft. Wide Coverage At peak speed, Astria F520 has a CADR
(Clean Air Delivery Rate) of 520 m3/h (cubic metre per hour).Multi-Utility
Astria F520 & Astria W60 are stacked with four different kinds of filters,
all squeezed into a single cylinder: Pre-Filter, HEPA Filter, Active Carbon
Filter and a Cold Catalyst Filter.
It is an energy-efficient air purifier that consumes just the right amount of
power: as low as China
custom-made filter housing manufacturers 8W when it runs at low volume, and
only 90W when it is at its peak.Astria F520 is a product that combines the
powerful fans—providing a large coverage area—with the maximum layers of
filtration, all at the most affordable prices available. This ensures that a
single machine can take care of multiple aspects of air pollution like: visible
dust particles, very fine invisible dust particles, bad odour and harmful
gases.Feature packed range of Astria purifiers is also packed with various
features.Bonphul Air Products has launched a new range of Air purifiers branded
as Astria.
The Astria W60 is priced at Rs 8,260 and the Astria F520 costs Rs 21,240. One
does not have to leave the cosy confines of one’s bed to switch it on/off or
access other features.Astria W60 is a combination of efficiencies packed in a
compact-sized, space-saving, wall-mounted, low maintenance Air Purifier, with
the maximum layers of filtration, and at a pocket-friendly price. This ensures a
clean zone of at least 646 sq ft: the area of a reasonably-sized
drawing-cum-dining room at home, or a large-sized conference room at the
office.) usage, that will cater to your clean air needs inside your own personal
space, at a peak speed of CADR (Clean Air Delivery Rate) of 90 m3/h (cubic metre
per hour). Apart from various indicator lights, the most significant feature of
the product is a multi switch remote-controller.
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November 09, 2020
The vigilance department of the state housing authority Maharashtra Housing
In response to the first query, the department said the information that was
being sought was more than six years old and the nature of the information
sought was vast. Mr Zende denies the allegation.S.V.When contacted, S. Zende to
get transferred or promoted to plum posts just days before Mr Zende’s retirement
in April 2017.In addition to not being able to give information about the number
of complaints against Mhada officials, the vigilance department cited the "same
reason†for not giving information on the nature of complaints it received
between January 2010 and March 2017.
Mumbai: The vigilance department of the state housing authority Maharashtra
Housing and Area Development Authority (Mhada) in a reply to a Right To
Information (RTI) application filed by The Asian Age has said that it does not China
custom Sit-stand desks manufacturers have the information on the number of
complaints filed against Mhada officials as it has not gathered the information,
citing the nature of the information to be vast.The vigilance department, in a
reply dated May 16, 2017, said, "The information asked hereby by the applicant
is more than six years and has not been gathered or collated by this department.
Valekar, public information officer, vigilance department, said,
"You should ask for information on specific incident as the information asked
is too much and we will have to look into the records for knowing the number of
complaints filed. The query also asked how many complaints against Mhada
officials were genuine and how many First Information Reports (FIR) were filed
against the accused officials.The Asian Age had filed an RTI query, dated April
20, 2017, requesting to provide information on the number of complaints the
vigilance department received between January 2010 and March 2017.â€
In case of information on the number of complaints being genuine and how many
FIRs were filed, the department transferred the RTI query, saying it is the
administrative department of Mhada that will have this information.â€. I would
like to request that the applicant should take information on particular
complaint filed and should avail the copy of the same by paying the charges as
applicable. The admission comes at a time when both the vigilance department and
the state housing department have launched a probe against five Mhada engineers
who allegedly paid bribe worth crores of rupees to former Mhada chief executive
officer (CEO) S.
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