GST rate cut likely to spur Bengaluru realty market growth: Credai

Agencies
March 2, 2019

Bengaluru, Mar 2: The realty market in Karnataka’s capital is set to grow as lower Goods and Services Tax (GST) rates become effective from April 1, builders' apex body Credai has said.

"GST rate cut to 5 per cent from 12 per cent on under-construction properties and to 1 per cent from 8 per cent on affordable housing projects from April 1 will spur the growth in the realty sector," Credai (Confederation of Real Estate Developers' Association of India) President Ashish Puravankara said in a statement.

The sector is also betting on benefitting from the incentives given to the sector in the interim Budget for 2019-20 and anticipated higher investment in commercial and housing projects.

"Many potential home buyers are enquiring to book flats or duplex houses in gated communities and avail the GST rate cuts," Puravankara said.

The GST Council cut the rates on February 24. It, however, did not accept the super carpet area concept as many developers have made it variable and flexible.

Cashing in on the GST relief and budgetary sops, Credai is holding its annual realty expo in Bengaluru on March 2-3 and March 9-10, where 30 developers will offer the properties with new indirect tax rates.

"Seven financial institutions will be at the expo to assist buyers in applying for home loans and benefits offered by them," Puravankara said.

The state's Stamps and Registration Department also witnessed 20 per cent increase in revenue from property registrations from May to December over the like period of 2017.

"Sales growth and higher revenue collection indicates property buyers are no longer in a wait mode, as developers have been offering houses at a better price," Puravankara added.

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News Network
March 2,2020

Kochi, Mar 2: The Vatican has rejected the second appeal by Sister Lucy Kalappura -- one of the nuns who protested against rape accused Bishop Franco Mulakkal -- against her expulsion from Franciscan Clarist Congregation (FCC).

In her plea, she had demanded that her version be heard and her expulsion from FCC revoked.

She was expelled from FCC for participating in public protests demanding the arrest of Franco Mulakkal in the nun rape case.

''I got a letter from Vatican which says my appeal has been rejected. But the rest of the letter is written in the Latin language. So after I understand it, I will respond," Sister Lucy told news agency.

''The authorities are contemptuous of those who make such complaints. That is why the letter is written in Latin. Sister Lucy would continue her legal fight in the courts,'' said George Moolechalil, who has been authorised by Sister Lucy to communicate with the media on her behalf.

A petition of Sister Lucy is still pending at Mananthavady Munsif Court at Wayanad that demands that she should not be expelled from the convent where she is staying.

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fairman
 - 
Wednesday, 4 Mar 2020

Religious issues should be resolved within the guidelines of devine laws.

 

Unfortunately the Chrisitianity is no more in its originality.

The holy bible has been systematically abused and edited to the benefits of rulers.

 

 
The book has been contaminated with lots of editions.

 

People should search for truth and follow it.

 

Example, the religion never told to remain unmarried for priests or nuns.

They go against its teaching inveting their own idea against God's teaching.

 

Abdul Gaffar Bolar
 - 
Monday, 2 Mar 2020

Vatican is a corporate person.

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coastaldigest.com news network
May 7,2020

Kolar, May 7: A 38-year-old man has been arrested for biting a snake and peeling off its skin at Mustur village in Kolar district of Karnataka.

Mulbagal range forest officer KN Ravikeerthi said forest officials nabbed Kumar, a construction worker, at Mustur on Wednesday and booked him under the Wildlife Protection Act. He was under the influence of alcohol.

Ravikeerthi said Kumar's offence is non-bailable and attracts a jail term of up to three years. The remains of the snake were collected and sent to a lab to ascertain its species. Forest officials said the snake Kumar bit was not a viper as was reported earlier but a rat snake.

On Tuesday, Kumar was riding back home after buying liquor when the snake ca me under his bike's wheels. He tossed the injured snake around his neck, bit it and peeled off its skin. Kumar said the snake had troubled him in the past.

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abdul
 - 
Thursday, 7 May 2020

Ask talibans and Jehadis who has killed and killing innocent people, they will have the better answer for ur question,  CD dont filter and post the messages ...  accept the fact and post 

Abdul
 - 
Thursday, 7 May 2020

That u should ask taliban ... and other organistaion , who killes innocent civilians in the name of jehad.  

 

abdullah
 - 
Thursday, 7 May 2020

for killing humans there is no jail in India!

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coastaldigest.com news network
May 20,2020

Bengaluru, May 20: A mysterious "boom" heard in large parts of Bengaluru this afternoon left residents of the city and social media users puzzled. While the source of the sound is being investigated, the Indian Air Force (IAF) indicated that it could be the result of "routine test flights that necessitate going supersonic a times".

The sound was heard from as far as the Bengaluru airport in Devanahalli to the IT hub of Electronic City 54 km away. It was also heard in Kalyan Nagar in east Bengaluru, central Bengaluru's MG Road and areas such as Marathahalli, Whitefield, Sarjapur and Hebbagodi.

IAF said no aircraft of training command was flying in the area. "However, ASTE (Aircraft and Systems Testing Establishment) and HAL (Hindustan Aeronautics Limited) could have been undertaking their routine test flying, which necessitates going supersonic at times. These are done well beyond the city limits in specified sectors. However, considering the atmospheric conditions and reduced noise levels in the city during these times, the aircraft sound may become clearly audible even if it happened way out from the city," said the air force statement.

Many people had speculated that the sound could have been caused by a fighter jet such as a Mirage 2000.

"We have also asked the Air Force Control Room to check if it was a jet or supersonic sound. Bengaluru police are awaiting confirmation from the Air Force," Bengaluru police commissioner Bhaskar Rao said in a statement.

It was not an earthquake, Karnataka's state disaster monitoring centre had tweeted earlier.

"Earthquake activity will not be restricted to one area and will be widespread. We have checked our sensors and there is no earthquake activity recorded today," the Karnataka State Natural Disaster Monitoring Centre said, quoting its director Srinivas Reddy.

"The activity reported in Bengaluru is not due to an earthquake. The seismometers did not capture any ground vibration as generally happens during a mild Tremor. The activity is purely a loud unknown noise," the agency tweeted.

#Bangalore and #BangaloreBoom was among the top trends on Twitter this afternoon.

"We are trying to ascertain the source of the noise," a senior police officer said. "In Whitefield area, we have searched on the ground and so far, there is no damage to any property," he added. There were no calls to the police control room reporting any damage.

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