Breaking News

Breaking News English needs Part Time campus Reporters.Please
Prof. Tariq Mansoor is presently serving as the Vice-Chancellor, Aligarh Muslim University, Aligarh. Previously he has also served as Principal, J.N. Medical College, Chief Medical Superintendent, J.N. Medical College Hospital and Chairman, Department of Surgery. He is also the member of Medical Council of India since March 2015 for a period of four years. He is product of the first batch of prestigious Our Lady of Fatima Higher Secondary School, Aligarh. During his school days he has served as House Captain as well as School Captain. He did his MBBS and MS in General Surgery from Jawaharlal Nehru Medical College, AMU, Aligarh. A surgeon by profession with special interest in Breast and Thyroid Diseases, Prof. Tariq Mansoor has 33 years of Teaching and 35 years of Clinical experience. He has 90 publications to his credit and has guided 49 Postgraduate Medical Students for their Thesis as Supervisor / Co-Supervisor

Demand for under-construction properties fall in Delhi-NCR

Demand for under-construction properties fall in Delhi-NCR

New Delhi: Demand for under-construction properties in the Delhi-National Capital Region (NCR) fell in January-March 2018, compared to October-December 2017, due to the 12 per cent Goods and Services Tax (GST) imposed on the segment, a report said on Monday.

“Demand for under-construction properties have reduced considerably in the wake of an effective 12 per cent GST levied on the segment,” the Insite Report said.

However, the Gurgaon-Faridabad residential belts reported a steady demand for projects nearing completion.

The trend is anticipated to change as soon as Haryana sets up a regulatory body under the Real Estate (Regulation and Development) Act, the report said.

Commenting on the report, Maneesh Upadhyaya, Chief Business Officer,, said: “Under-construction units are increasingly loosing charm among end-buyers due to delivery delays in the past and the GST burden. Other budget categories maintained a status-quo with the previous quarter in terms of enquiries and sales volume.”

According to the survey, demand in the affordable housing segment fell in January-March 2018, compared to the corresponding period of 2017.

“Surprisingly, demand for properties in the affordable bracket (within Rs 40 lakh) reported a declining graph in January-March 2018 vis-a-vis the March-ending quarter in 2017 as availability in the bracket stagnated in the same period,” the report said.

However, the report noted a rise in demand in the luxury and ultra-luxury segments (Rs 1 crore and above) and observed that contrary to other segments, there was demand-supply equilibrium in these high budget segments.

It said that with the industry getting accustomed to RERA and GST, market was seen regaining normalcy in the first quarter of 2018 across the country.

Growing transparency and improved processes were expected to fuel this trend in the future, it added.


Read More

from The Siasat Daily

No comments:

Post a Comment