GST rate on construction sector hiked to 18%
The government hikes the GST rate for the construction sector to 18% from 12%, but removed land value from computation of tax liability

India ‘bright spot’ for global steel output growth: report
India is seen as a ‘bright spot’ for the global steel production growth on account of the govt’s push to augment capacity and demand from the construction, automotive and infra sectors

 The effect of GST on paint stocks
While the GST-led disruption is unlikely to last for more than a quarter, its spillover effect would be visible in earnings in forthcoming quarters, analysts caution

 Cement: GST may hit volumes, while high input costs could limit margin expansion
Pricing remains key as profitability in terms of Ebitda/tonne is likely to be under pressure in June quarter on cost escalations and lower operating leverage

 Real estate: mixed bag of results given the regulatory challenges in sector
Real estate firms with a strong brand image bounced back in spite of a slump in sales in the December quarter when demonetisation squeezed out liquidity

GST impact ambiguity, weak demand to keep cement prices under check
Uncertainty on goods and services tax’s (GST’s) impact on balance sheets and fear of government keeping a tab on cement prices will deter companies from raising prices

Roads sector: below the surface, problems remain
Despite reforms in the roads sector, most civil and construction firms are still languishing with stranded projects or weak financials

 Real estate sector views GST roll-out with caution

EPFO inks MoU with Hudco for housing subsidy

 Government launches new Energy Conservation Building Code

Palaniswami launches tnsand website, sand to be a click away in Tamil Nadu starting July 1

Local bodies in TN to get powers to grant planning permission for residential buildings beyond 4000 square feet

Affordable housing finance sector to grow to Rs 6 lakh crore in 5 years: Report

Builders must pass on lower GST to buyers: Finance Ministry

RBI cuts provisions, risk weights to make home loans cheaper

GST, RERA may disrupt real estate market in short term: Report

 DDA’s new housing scheme launch today

Steel ministry to produce electrical steels in India

TN govt to float tender to introduce online filing of building approvals with CMDA