At a recent annual meet of confederation of real estate developers association of India – the core team has expressed their new mission with a proposal of removing the service tax air from the commercial rentals. Sources reported at www.propertykhazana.com reveals that at the meeting there was a discussion of few more sensitive issues like public private partnership, affordable housing finance and banking, state reforms, need of proper spread of realty information to the public, taxation issues and some infrastructural developments.
Among all the removal of the service charges from the commercial rentals played a major role in the recommendation argument to the Govt., but at the same time it will affect the consumers as predicted by the experts from the Govt. side as added on www.propertykhazana.com. Most importantly the CREDAI is making a move towards forming a legal body to handle the realty issues across the country. In addition, the central body of Indian realty will also make proper persistence of the Value Added Stamp Duty for the residential projects. It means the paid VAS at the time of buying will be adjusted at the time of selling the same to other buyers.
Going deep into the discussion the company is also urges to explore the realty awareness among the public for their best interest at any deal regarding properties. The acute transparency is the key vision of the central CREDAI team for a better realty prospectus for any property dealings in future. The CREDAI meet was attended by all the top leads of the industry along with the past and present chairpersons. For more updates visit www.propertykhhazna.com.
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