Relief to real estate sector to give it a boom by reducing GST
Online PR News – 26-February-2019 – Jaipur – Jaipur, 26 February 2019 Felicity, the leading real estate group in India celebrates the decision of reduction in the tax rate in GST. The company considers it to be the best move taken by the government to promote the real estate sector and to help people fulfill their dream of having a good home.
It is important to note that since the GST was imposed, the real estate sector was going through a very bad shape. First demonetization and then GST made it complicated for the real estate sector to grow and as a result, people find it hard fulfilling their dream of buying a house. As a result of this, there was a fall in the demand for houses in a couple of years.
As a big surprise and not wrong to say, a pleasant surprise, now real estate is back and back with a bang. The government's decision to reduce GST rates under construction residential flats to 5% is sure to give a new reason to buy homes. The benefit is more for those looking to buy flats in Felicity Aventura, which is one of a kind project surrounded by lush green forests and located at a prime location of Jagatpura, near Malviya Nagar in Jaipur.
The closest proximity of this project to shooting range makes it a unique residential project that is actually eco-friendly. This 18 story building gives a perfect view of lush green forests and mountain range from every window and balcony. In addition, it' hardly six minutes drive from the airport. This makes it the most unique luxury residential project that has almost everything one would dream. To add cherry in the cake, with a reduction in GST it is now available at even affordable and this is enough to bring a smile on your face.
The decision is welcomed not just by the builders' rather general public also who can now afford a good home at better price. However, now the demand has increased and since there are limited units available, one has to be very quick in finalizing the deal. Further, the emphasis is more on the quality projects now since now they are affordable, so the demand for such projects is higher as compared to other projects. It's time to afford luxury as it is now available at affordable cost.
Felicity group has welcomed this decision along with other real estate groups. A meeting took place on 25th February in Jaipur where Mr. Shanti Kumar Dhariwal, Minister of Parliamentary Affairs, Government of Rajasthan along with other prominent real estate group owners and representatives discussed the benefits of this move. Real estate group is going to get a boom after this decision and already inquiries have started as confirmed by a number of real estate group representatives. Now even a common man can afford good quality, well-constructed home at a budget they were longing for. This can be seen as a good attempt to help people live a life they always wanted to.