As per experts, Real estate may come under GST from 1 April. It will change land law likely in Union Budget session
In coming budget 2018, it may be possible you have to take Health insurance compulsory.
Because Finance Minister may announce that Health insurance will be mandatory for every one.
The implementation of structural policy reforms like RERA and GST have severely impacted the sector apart from demonetization whose effect is still being seen. These reforms resulted in developers overhauling their work model and becoming more accountable to end customers. The real estate sector has been under severe stress and has witnessed a decline in sales and project launches with piling up of inventory. This situation has hit developers gravely. Many of the developers are in severe cash crunch unable to service the high cost of debt. Several distress sales are being seen in the market. Further, Real Estate Investment Trusts (REITs) in India are yet to take off and certain tax issues still need to be sorted out to make REITs more attractive.
