Pulwama encounter: Administration announces 3-hour relaxation in curfew between 2 to 5pm in South Jammu city as situation improves in Jammu region. Relaxation not given in Digiana, Balicharana and few other areas.

Finance Minister Piyush Goyal says the GST Council is working out a mechanism for bringing the real estate sector under GST purview.

The Minister highlighted that post-GST, tax rates have come down to 12 per cent which was 20 per cent earlier. To boost the affordable and mid-segment housing, availability of credit is essential for growth, he added.

At present, 12 per cent GST is levied on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.

The rate cut is a huge relief for homebuyers. Home loan interest rates have risen by as much as 5 to 7 per cent in the last one year because the RBI hiked its repo rates by 50 basis points over the period.

Around 3.9 percent of the stressed corporate exposure of 19.3 percent total stressed corporate accounts are still unrecognised and are standard in banks' books, said Jindal Haria, associate director for banking and financial institutions at India Ratings.

DLF share price has been falling for the last three days and lost 6.79% during the period. The stock hit an intra day low of Rs 152, down 4.85% compared to the previous close of 159.85 level on the BSE.

Real estate sales growth has been hovering around 6 to 7 per cent for some years, with high unsold inventory that will require 40 months to clear up.

Developers took debt and kept adding housing stock into the market without any productivity. Since sales remained abysmal all this while, developers are finding it difficult to meet their debt obligation at this point.

Developerstook debt and kept adding housing stock into the market without anyproductivity. Since sales remained abysmal all this while, developers arefinding it difficult to meet their debt obligation at this point.

Lack of a formal capital support plan for the public sector banks (PSBs) was also credit negative, middle-class tax relief and measures to boost farmers' incomes are credit positive for Indian asset-backed securities and residential mortgage-backed securities.