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Thanks for your reply. However, you should also note that the in general service tax is levied only on 33% of the total cost. Also, the new service tax have been levied on specified transactions only. But i agree with you, let the picture be clear further. Thank You

The recently presented Union Budget of India 2010-11 has imposed service tax on a particular type of transaction and few services offers to potential; home buyers. The summary of the service tax, imposed by the Union Budget, on to the Indian property market is as follows: * Widening of...

It is true that last year Indian property market saw decline in the sale of luxury real estate but now the prospects of luxury real estate is improving despite the fact that most of builders and developers are preoccupied with their affordable housing projects. This phenomenon is not strange...