Construction Costs
GST Amendment to Increase Realty Project Costs, Lease Rents
The GST Council’s recent decision to retrospectively amend the Central Goods and Services Tax (CGST) Act from July 1, 2017, could significantly impact...
CREDAI Urges Govt to Drop 18% GST on FSI Charges, Citing Housing Price Hike Risks
The Confederation of Real Estate Developers’ Associations of India (CREDAI) has called on the government to reconsider its proposal to impose an 18%...
Karnataka Increases Stone Mining Royalties, Potential Impact on Real Estate Industry
The Karnataka Cabinet has approved an increase in the royalty on mining minor minerals, particularly stone quarries. The new rate of Rs 80...
Cement Prices Rise in December, But Dealers Concerned About Sustainability Amid Low Demand
Cement prices have surged in December, with an average increase of ₹5 per bag, reaching ₹342 across India. This rise is particularly notable...
China Ends Aluminium, Copper Export Subsidies: Impact on India’s Market and Prices
China’s recent decision to terminate export subsidies for aluminium and copper has sent shockwaves across global metals markets. Aluminium prices on the London...
Construction Costs Surge by 39% in Big Cities, Impacting Housing Projects
The cost of construction for housing projects in major Indian cities has surged by 39% over the past four years, now averaging Rs...
