The single-tax regime in India ushered in additional cost pressure on real estate. Presently real estate falls under 18% tax bracket of the Goods and Services Tax (GST) Act with 1/3rd abatement for land. However in major metros, the share of land is more than 50% of the project cost. Read more here: Budget 2018: What India’s real estate sector expects
Read More Here: Budget 2018: What India's real estate sector expects
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