How RERA is going to impact property buying scenario?
RERA focuses on bringing clarity and transparency to the real estate industry by creating guidelines that protect buyers in pertinence to: 1. Ensuring timely delivery 2. Standardizing price 3. Making information accessible 4. Ensuring quality of construction 5. Making paperwork and certification mandatory
Will GST increase the cost or reduce the cost of a property?
Taxes might vary to 5% - 8%, for now these taxes are 0%, 5%, 12%, 18%, 28%, 3% etc. depending on the current status of the project.
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