Rs 30,000 cr package to fire up the economy:
# 4% central excise duty cut will continue till March 31# Excise duty, which was 10%, brought down to 8%
# Service tax reduced to 10% from 12%
# Custom duty exemption on naphtha import extended to March 31
Impact:
# Cement prices will drop by Rs 4-5 per bag# Steel prices will come down by Rs 500-600/ ton
Benefits:
“It is a welcome relief for the real estate sector, where today the construction cost is almost more than 60% of the total sale price or even 70 % in some cases. So, a reduction of 2%o on service tax will at least lead to a 1-1 .5% reduction in overall construction costs,” Ramesha Sanka, CFO, DLF.To read more, please, visit - UTVi
Relief for whom? For the builder or for the property buyer?
# Pre-paid mobile users having Rs 350 recharge coupon, will get additional talk time of Rs 10# Post-paid users will get 2% reduction in monthly bills
# Air ticket for all business and first class could be cheaper by Rs 900-Rs 8000
# Motor car insurance and mediclaim will come down by 2%
But what about real estate rates? Do you think your builder will pass on the benefits to you? Please, share your views in the comments. (Comments Policy),
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You should not expect bunch of goondas to be professional enough to pass the benefits to customers.
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