Insights

Housing Finance | 09 September 2019
Benchmarking lending will translate into good times ahead for borrowers

Benchmarking lending will translate into good times ahead for borrowers Less than a month after the third bi-monthly Monetary Policy Statement for FY2019-20 (August 2019)was announced, the RBI made it mandatory for banks to link all their fresh retail loans to an external benchmark, effective October 1, 2019. The central bank suggested that this benchmark rate could be the RBI’s policy repo rate, the Government of India’s three-month a....

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Housing Finance | 26 March 2019
GST Council Designs a Better Landscape for the Housing Industry

  The GST council met for the second time in CY 2019 on 24th February. While the last time it met, issues pertaining to MSMEs were addressed, this time too, it paid special focus to a segment that has far reaching implications – housing.   Tax rates on under-construction housing properties were cut drastically from the existing 12% to 5%. However, with the lower rate there would be no input tax credit available on input....

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