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Looking back, looking forward

DNMUM389476 | 5/27/2017 | Author : Vijay Pandya | WC :671 | Business & Economy

Policy insights: The GST roll out impact on property prices going ahead will depend upon several factors, says Vijay Pandya as industry representatives share their views on services rates recently announced by the GST Council
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Any new policy announcement or impending implementation with implications for the real estate sector raises a common question - how will this affect property prices going ahead as compared to the scenario existing earlier? All the stakeholders - builders, buyers, bankers and even the bureaucrats - try to figure out its overall impact on different aspects over the short to medium-term and long term as well. The RERA implementation on May 1, 2017 made it the most discussed topic during this month. The Goods and Sales Tax (GST) rates on services announced by GST Council last weekend and a planned July 2017 introduction added one more topic for deliberation.

Major reform
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