Real Estate: Changing Trends

Lisa Nickerson, real estate expert; Starter townhouse in Hanover: Sconset Landing · Sharon Viens, broker; Starter home/ 74 Prospect Avenue, Lynnfield; Starter condo/321 Harvard Street, Cambridge: https://www.compass.com/agents/boston/bruce-irving/ and https://www.compass.com/agents/boston/john-bigelow/

What is the impact of GST bill on real estate industry?

↪ Source from Times of India.

GST’s impact on the realty sector

Under-construction homes to attract GST.

Leasing and renting of land and building would invite GST.

GST to be levied on EMI of under-construction property.

Tenancy and leasing would be considered as rendering the service under the GST bill.

Real estate to come under the GST ambit within one year of roll-out, which means stamp duties will continue to be levied till then.

 

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