Category: India Property

How Will GST Impact The Indian Real Estate Sector?

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.

The Goods and Services Tax (GST) is, beyond doubt, the most revolutionary tax-related reform to be seen in India in several decades, since it will eliminate the conflicting and cascading taxation structures which have confounded several industries over the past few decades. It will most certainly have a profound effect on India’s economic prospects.

A single indirect tax which covers all goods and services will, in the long run, increase tax collection by making it easier for retailers and several other businesses to comply and also moderate overall taxation levels.

That said, it should be remembered that the favourable effects of this new taxation regime will become evident only within 2-3 years of its implementation.

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The RERA Effect: Indian Real Estate Waits To Inhale

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.

Did demonetisation erase black money in real estate?

Just a couple of months ago, demonetisation appeared to have taken all the remaining steam of our Indian real estate’s sails.

Sales in the significantly cash-driven resale homes market nosedived and prices in this segment declined by as much as 20-25%. They were already trailing primary sales prices by 25-30% in the investor-driven residential corridors before demonetisation.

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The Homes Of India’s Super-Rich

by Anuj Puri

Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.

While the man on the street continues to wonder when he will be able to buy a modest home of his own, India’s super-rich are raising palatial homes at truly astronomical expense.

Indeed, on the surface, India’s wealthiest appear to operate in an entirely separate dimension which has no overlap at all with the ‘real’ world.

There is certainly an element of truth in this – wealth tends to beget more wealth, and at some point, a perpetual motion machine grinds into motion; a cycle of money-generation which vibrates on a rather unique frequency.

The question is – does this frequency broadcast an ever-widening social divide? Not quite.

There are more elements to these super-homes than meets the eye. The trend of India’s extremely high net-worth individuals building palatial homes needs to be viewed from various angles.

Of course, it is to a great extent, a lifestyle statement that broadcasts the fact that the individual and his family have ‘arrived’ and should be numbered among the country’s wealthiest and most influential people.

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