• JLS's Realty Updates !!

    19/04/2018 No Major Fall in Property Prices Post - GST Rollout

    Goods and service tax(GST) was expected to bring down housing prices but hasn't, a joint report by consultants.

    Though GST on property is 18%, the effective rate is 12%, thanks to abatement provided on Land Value. The tax reform which is also referred to as Good and Simple Tax, is aimed at reducing the final prices for the consumer, but this will depend on the market forces and the effectiveness of the measures that the government takes from an anti-profiteering perspective. It also pointed to considerable lack of clarity and awareness not just among developers, tax payers and buyers, but also among tax officials.

    09/09/2017 M/s JLS PROPMART is now RERA Registered

    M/s JLS Propmart has got RERA Registration, this news not only underlines our commitment towards our customers but also our philosophy of transparency and accountability. Your trust in us has always been the driving force for all our endeavours and achievements. We hope to continue this beautiful journey to success together.

    26/08/2017 Delhi-NCR Draws Max Realty Investments

    In the first half of 2017, out of the total investment of Rs 16,008 crore, the top seven real estate markets in India received an investment of more than Rs 13,500 crore.  Among these cities, Delhi-NCR received the highest investment of over Rs 5,800 crore followed by Mumbai region and Bengaluru. While the Delhi-NCR region has been the worst affected realty market in the country, it received 43% of the total pie thanks to improvement in the investment climate and newer policies leading to more transparency in this sector. 

    Policies like GST, RERA & Benami Property Act are already showing positive effects. All this is expected to help the sector evolve into a more mature, consolidated and highly transparent industry.

    16/06/2017 Real Impact of GST on Realty Sector

    It is expected that with the implementation of GST, cost of real estate sector will comparatively reduce and hence the benefit of the reduced cost must be passed on to the customer. It will bring in more transparency and things will become crystal clear as instead of many agencies,  there would be a single nodal agency which can make the whole process streamlined and property methodical attracting more FDI.

    12/06/2017 DLF's Rental Income

    Realty major DLF's total rental income should rise by 12% to about Rs 2,900 crores this fiscal on better realisation from existing commercial assets and addition of new properties in Chennai and Delhi.  The rentals will rise as the company has renewed its existing stock at a higher value after the expiry of 9-Year Leasing Agreement with the occupiers/ tenants. DLF, the country's largest real estate firm earned a rental income of around Rs 2,600 crores last fiscal. 

    10/06/2017 RERA Brings Realty Check

    RERA (Real Estate Regulation Act) was brought in with the purpose of enhancing transparency, mitigating information asymmetry, and applying a uniform 'code of conduct' for developers across various states. RERA seeks to reduce the volatility seen in the real estate sector in the past, and eliminate the trust deficit between the two primary industry stake holders i.e Builders/ Buyers. However residential prices are likely to rise in the post RERA World.