Author
The author is Managing Director, Spenta Corporation
The high GST rate of 12% further increased transactional costs specially when coupled with state determined stamp duty costs didn’t help the cause.
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For the near term, developers are focusing on completing projects that are near completion and hoping to unlock value.
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The demand for affordable homes is likely to grow more rapidly, and could potentially outstrip supply in the near future, given ongoing developments and initiatives around “Affordable Housing”, the luxury market is speculated to grow, albeit at a slightly lower pace
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