Tag: #Apartments

GST

18% GST is applicable for flat owners whose maintenance charges exceed Rs 7,500 per month.

July 29, 2019

By Abhay Shah, Realty Quarter The Ministry of Finance on Monday has announced that the owners of the apartment will pay 18% GST if the maintenance costs paid to the resident welfare association (RWA) exceed Rs 7,500 a month. “A waiver was accessible until 25 January 2018 when contribution charges or share were not higher than Rs […]

18% GST is applicable for flat owners whose maintenance charges exceed Rs 7,500 per month.more
NCDRC

Home buyers can claim refund along with 10% interest in case of flat gets delayed beyond 1 year – NCDRC Rule.

May 17, 2019

By Abhay Harish Shah , Realty Quarter The National Consumer Disputes Redressal Commission (NCDRC) is now supporting homebuyers who have been struggling to take possession of their homes for years. The customer committee at Apex has established a one-year deadline for stalled real estate projects after which home buyers can request a refund from the developer if the […]

Home buyers can claim refund along with 10% interest in case of flat gets delayed beyond 1 year – NCDRC Rule.more