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The real estate in India is at a crucial phase at present. While the real estate has been growing at a hurricane pace in the last decade or so, recent slump has put clouds of doubts hovering over the high rises of India. Sales have been dropping and the contribution of real estate to the economy has also slumped from 10.6% in 2011 to 6.5% in 2012. Although recent rate cut has been welcomed by the really players, the changes in Service Tax Act have made it more expensive to own a home.

Four crucial bills relating to the #GST. #GST bill could be a game changer for the Indian #Economy ... #360realtors GST bill have a positive impact on taxation in India. It is expected to single handedly solve the challenges faced by the Indian Real Estate sector and pull it out of its slump.

One of the many ways the depressed housing market is affecting the economy which you may not have thought of is that employees who've been asked to relocate are saying "I don't think so."

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