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At Huda Affordable Shops, we understand that people everywhere are searching for a home to call their own.

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Privacy Policy

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Huda Affordable Shops website is owned and operated by Huda Affordable Shops Pvt. Ltd. ·         Huda Affordable Shops Pvt. Ltd. has created this privacy statement in order to demonstrate our commitment to our user’s privacy. ·         We may use IP address to help diagnose problems with our server, and to administer our Web site. Your IP address may be also used to gather broad demographic information. ·         Certifiable information is collected from users and/or registered members of Huda Affordable Shops which includes, but may not be limited to o    Email address. o    Contact person name. o    User-created password. o    Mailing address. o    Pin code. o    Telephone number or other contact number ·         Except where you are explicitly informed, Huda Affordable Shops Pvt. Ltd. does not sell, rent, share, trade or give away any of your personal information. ·         Huda Affordable Shops may tie-up with partners to bring you various services. However, we will never share your personal information, without your explicitly permission. Still, we encourage you to review the privacy policy of the partner for questions about their use, any personally identifiable information that you may separately submit to such partner. ·         If we change our privacy policy, we will prominently post a link to those changes on our Homepage so you are always aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it. If at any point we decide to use personally identifiable information in a manner materially different from that stated at the time it was collected, we will notify you by way of an email. We will give you a choice as to whether or not we can use information in this different manner and act accordingly.

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GST Council cuts rates sharply to make room for housing growth

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The GST Council approved a sharp reduction in the levy on homes under construction and raised the threshold for affordable housing that will make more purchases eligible for concessional tax, offering substantial relief to buyers ahead of the elections. Starting April 1, homes under construction will be levied 5% GST, against 12%. For affordable homes, GST will drop to 1% from 8%. Homes up to Rs 45 lakh and with a carpet area of up to 60 sq metres in metros and 90 sq metres in non-metro cities will be counted in the affordable segment, according to the new twin definition cleared by the council, which is expected to give a big boost to lower-income housing. The earlier limit was a uniform carpet area of up to 60 sq metres for a house in an approved affordable housing scheme. There will be no input tax credit for GST paid on materials such as cement and steel for the sector at these lower GST rates. “In its 33rd meeting, the GST Council has accorded big relief to real estate sector,” FM Arun Jaitley tweeted. “This (rate cut) will give boost to housing for all & fulfill aspirations of neo/middle classes.” The government said in a statement that “the buyer of house gets a fair price and affordable housing gets very attractive with GST @ 1%”. The GST Council deferred a decision on lotteries, Jaitley said, adding the group of ministers (GoM) will meet again to discuss the proposal. “A reduced effective rate of GST of 5%/1% is good news for the real estate industry as the 12%/8% rate was a bit of a deterrent for buyers of underconstruction properties,” said EY tax partner Abhishek Jain. Intermediate tax on transfer of development rights (TDR), joint development agreement (JDA), lease (premium), floor space index (FSI) will be exempt from GST for such residential property on which GST is payable. ‘Simpler Tax Compliance for Builders’ The government said this will address the cash flow problems faced by the industry. “There are reports of slowdown in the sector and low offtake of under-construction houses which needs to be addressed,” statement said. It would also result in the cost of houses coming down, the government said. “Unutilised ITC (input tax credit), which used to become cost at the end of the project, gets removed and should lead to better pricing. Tax structure and tax compliance becomes simpler for builders,” it said in the statement. “Developers will need to increase the base price to recover the loss of input credit but would need to be cautious given the surge in anti-profiteering investigations for restaurants, in similar circumstances,” said Pratik Jain, partner and leader, indirect tax, PwC. The decision was based on recommendations of a ministerial panel headed by Gujarat deputy chief minister Nitin Patel. Those designated as metro cities are Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata apart from the National Capital Region — Delhi, Noida, Greater Noida, Ghaziabad, Gurgaon and Faridabad. Separately, the Reserve Bank of India had imposed a monetary limit of Rs 30 lakh for non-metros and Rs 45 lakh for metros for affordable housing loans. Builders had been seeking a lower GST rate.

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DDA to soon launch new online housing scheme; moots draft policy on ‘enhancing walkability’ in Delhi

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The scheme, however, will be an online one so application and other processes will be done online. New Delhi: The Delhi Development Authority will soon launch a housing scheme offering 10,300 newly-built flats across different categories in various localities, officials said Monday. The scheme, however, will be an online one so application and other processes will be done online, they said. The decision was taken during authority meeting of the DDA, held under the chairmanship of the Lt Governor at Raj Niwas. A draft policy on “enhancing walkability” in Delhi on the line of that in Chennai was also approved in the meeting. “The drafty policy will now be placed in public domain for three weeks for inviting comments,” a senior official said. As per the new housing scheme, these 10,300 flats are under-construction and only the work of water supply and other works is likely to be completed by July next year. The details of the flats are — 960 EWS flats at Narela; 8,383 LIG flats at Narela and Vasant Kunj; 579 MIG flats at Vasant Kunj; and 448 HIG flats at Vasant Kunj, the DDA said in a statement. The DDA’s budget for the year 2019-20 was presented during the event. The expenditure has been set at nearly Rs 6,968 crores, projecting a growth of 23.30 per cent over revised Budget Estimate for 2018-19 at Rs 5,651 crores. Key activities to be taken under the budget include, transforming Delhi into a world-class city, and request for proposal (RFP) for developing vacant area available at Dwarka (200 ha) is being prepared, it said. Other activities include, construction of socio-cultural centres in Rohini, CBD Shahdara and Mayur Vihar; retrofitting of Nehru Place, Bhikaji Cama Place and Basant Lok Community Centres; promotion of sports; beautification of Delhi and heritage preservation, the statement said. On the draft policy for “enhancing walkability” in the city, the DDA said, it was felt that on the basis of ‘Walkability Plan for city of Chennai’, Delhi should also take steps in this direction by the way of policy intervention and initiatives. This will have features like removal of encroachments from footpath, identifications of vending zones, shaded tree plantation, walkable distances, installation of street furnitures and signages.

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IKEA inks pact with Rustomjee Group to offer furnished homes.

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MUMBAI: Global furniture major IKEA Group has entered into a strategic alliance with realty developer Rustomjee Group to provide furnished apartments in the latter’s residential project. This is for the first time that the Swedish multinational has formed any such alliance anywhere in the world. To begin with, IKEA India will provide ready-to-assemble furniture for around 1,200 apartments in Rustomjee’s project Global City Virar near Mumbai. The project will offer 1 and 2 bedroom apartments at prices starting from Rs 34 lakh excluding taxes. “This is a pilot project and we would like to extend this association with IKEA across our similar residential projects. We’ll start delivering the project in two years by December 2020,” said Boman R. Irani, Chairman, Rustomjee Group. “Our alliance will deliver Rs 700 crore affordable furnished homes.” Rustomjee has already delivered nearly 5,000 apartments in the first phase of township Global City and is now launching 1,750 units in the next phase. IKEA furnished homes will be part of these newly launched phase. The IKEA Group is the first major single brand retailer to get Foreign Direct Investment (FDI) approval and plans to open several stores and multiple touch points across the main cities in India. The first IKEA India store opened in Hyderabad in 2018, which will be followed by store in Navi Mumbai this year. IKEA has four land sites in Telangana, Maharashtra, Karnataka and Delhi-NCR and continues to look for more in other major cities.

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