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With The Onset Of Gst And Rera Karnataka Property Market Has Been Expected To Flourish.

Courtesy/By: Debasmita Goswami | 10 Jan 2019

The Real Estate market in Karnataka had incurred a huge loss from 2016 because of the Center’s orders to ban the currency notes of high denomination, followed with the introduction of GST and the Real Estate.

However, it was mentioned that an increase of 20 percent revenue could be seen due to the maximum property registrations in 2018 by stamps and registration department. The statistics revealed that an amount of Rupees 6000 crore was being collected due to property registration and the highest revenue collection and profit maximization was seen in Bengaluru followed by Mysore.

Vice President of Brigade Enterprises has duly catered to the fact that investments were being made by the customers on a regular basis and they did not want to wait for the market value prices to fall down. The Pradhan Mantri Awas Yojana scheme has also played a significant role in this regard. With the onset of GST and RERA the system had become more transparent thus helped the people to invest more in the property sector.

Bengaluru continues to become one of the most desired locations for investments in the realm of IT sector, Start Up companies and housing. It was after the market effects of RERA and a reduction in the slabs of GST, maximum investments had taken place.

Courtesy/By: Debasmita Goswami | 10 Jan 2019