Category: Real-Estate

Kalyan Developers, a division of Kalyan Jewellers has launched three luxury apartment projects across Kerala in Calicut, Trivandrum and Thrissur.Kalyan Courtyard, in Chevayur is Kalyan's 1st project in Calicut. The project is a 21- storey-building with 94 apartments of 2& 3 BHK. It has luxurious amenities such as swimming pool, gym, multi-purpose hall, centralized gas supply, video door phone etc.Kalyan Divinity, the 15th project of Kalyan Developers is located at Sreevaraham in Trivandrum, very close to Sree Padmanabhaswamy temple and Sreevaraham Temple. Kalyan Divinity is a 10-storey building with 55 apartments of 2 & 3 BHK with luxurious amenities such as gym, games room, centralised gas supply, video door phone etc. The other projects of Kalyan in Trivandrum are Gateway (Venpal

The construction cost is down due to GST implementation, thanks to the input tax benefit. This must be passed on to the buyers. Buyers of constructed property are convinced that there is no GST on sale of building and ready to move in flats where sales take place after issue of completion certificate by the competent authority. The government clarifies that this is untrue. GST is applicable on sale of under construction property or ready to move-in flats where completion certificate has not been issued at the time of sale. Housing projects in the affordable segment such as Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Rajiv Awas Yojana (RAY), Pradhan Mantri Awas Yojana (PMAY) or any other housing scheme of State government etc attract GST of eight per cent. For such ...

The policies are bringing in higher levels of transparency and accountability, financial discipline, focus and efficiency into the real industry which could only be dreamed of in the past. The industry, which was notorious for unfair deals and little trust among people, has no option now but to be honest. Investors, who are finding the market safer, are largely looking at commercial segment since the residential segment is passing through a dull phase The real estate industry is changing its profile; or say, it is passing through a phase of refinement. On the bedrock of some of the major changes on the policy front, the real estate is set for radical growth, a healthy growth like other industries. The radical changes in the direct tax regime, bringing in place a regulatory system, a m...