{"id":9073,"date":"2020-05-21T14:22:05","date_gmt":"2020-05-21T08:52:05","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=9073"},"modified":"2020-12-05T17:47:16","modified_gmt":"2020-12-05T12:17:16","slug":"impact-of-gst-on-the-real-estate-sector","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-real-estate-sector\/","title":{"rendered":"Notable Highlights of the Impact of GST on the Real Estate Sector"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The impact of GST on the real estate\nsector has been a remarkable one. Goods and Service Tax came into the picture\non 1st July 2017. It has turned out to be a difference-maker across various\nsectors of the Indian economy. The real estate sector in India is prospering at\na breakneck speed. Over the years, several multinational organizations have\nshown their faith in the real estate sector of India, as it ensures enormous\nreturns on investments. The real estate market is expected to bounce from Rs\n12,000 crore to Rs 65,000 crore by 2040.<\/p>\n\n\n\n<p>The real estate sector plays a very\ncrucial part in the progress of any country&#8217;s economy. The real estate sector\naccounts for 6 to 8% of its GDP in India. Nation has been observing many\nnotable changes in the real estate industry after the implementation of goods\nand service tax in India. Developers and builders have raised the concern\nconcerning high GST rates on real estate properties. The government of India\nhas provided major relaxation by bringing a reduction in the GST rates on the\nprojects related to the real state.<\/p>\n\n\n\n<p>With its origin, goods and service tax came as a replacement for various indirect taxes in India like service tax, CST, VAT, and central excise duty and more. Earlier, the rate at which real estate got taxed was 12%, and in the current time, it is taxed at a 5% rate. The new GST regime has encompassed all the taxes into a single unit and has provided a much-expected boost to the real estate sector.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-real-estate-sector\/#Introduction_of_New_GST_Rates_%E2%80%93_Impact_of_GST_on_the_Real_Estate_Sector\" >Introduction of New GST Rates &#8211; Impact of GST on the Real Estate Sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-real-estate-sector\/#Coverage_on_Impact_of_GST_on_the_Real_Estate_Sector_%E2%80%93_Key_Points\" >Coverage\non Impact of GST on the Real Estate Sector &#8211; Key Points<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-real-estate-sector\/#Reverse_Charge_Mechanism_along_with_its_Impact\" >Reverse\nCharge Mechanism along with its Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-real-estate-sector\/#Impact_of_GST_on_the_Real_Estate_Sector-_ContractorsBuildersDevelopers\" >Impact of GST on the Real Estate Sector- Contractors\/Builders\/Developers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-real-estate-sector\/#Impact_of_GST_on_the_Real_Estate_Sector-_Buyers\" >Impact\nof GST on the Real Estate Sector- Buyers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-real-estate-sector\/#Impact_of_GST_on_the_Real_Estate_Sector-_Other_Stakeholders\" >Impact\nof GST on the Real Estate Sector- Other Stakeholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-real-estate-sector\/#Categories_of_Properties\" >Categories\nof Properties<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-real-estate-sector\/#Stamp_Duty_Applicability\" >Stamp\nDuty Applicability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-real-estate-sector\/#Real_Estate_Projects_Amid_COVID-19_Outbreak_%E2%80%93_De-stressing_the_developers\" >Real\nEstate Projects Amid COVID-19 Outbreak &#8211; De-stressing the developers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-real-estate-sector\/#In_the_Nutshell\" >In the Nutshell<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_of_New_GST_Rates_%E2%80%93_Impact_of_GST_on_the_Real_Estate_Sector\"><\/span>Introduction of New GST Rates &#8211; Impact of GST on the Real Estate Sector<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>On the 24th of February 2019, the <strong>GST council<\/strong><sup><a href=\"http:\/\/www.gstcouncil.gov.in\/\"><strong>[1]<\/strong><\/a><\/sup> had come up with new GST rates for residential real estate properties. The GST council removed the benefits of Input Tax Credit and granted a transition plan to the developers with two options of availing the reduced goods and service tax rate without input tax credit benefit or availing the ITC benefit with the old goods and service tax rates. Before swimming into the depth of the impact of GST on the real estate sector, let&#8217;s have a look at the current GST rates prevailing in the real estate sector.<\/p>\n\n\n\n<ul><li>After\nthe removal of Input Tax Credit, the GST rates on affordable houses will be 1%.<\/li><li>After\nthe removal of Input Tax Credit, the GST rates on normal housing properties\nwill be 5%.<\/li><li>Along\nwith ITC benefits, the GST rates on commercial properties will be 12%.<\/li><\/ul>\n\n\n\n<p>This revised scheme is mandatory for those projects that get commenced on the 1<sup>st<\/sup> of April 2019 or after this date.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Coverage_on_Impact_of_GST_on_the_Real_Estate_Sector_%E2%80%93_Key_Points\"><\/span>Coverage\non Impact of GST on the Real Estate Sector &#8211; Key Points<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>On\nthe one hand, Under-construction units got their place in the 5% tax segment.\nOn the other hand, there is a provision of a complete tax exemption for those\ncompleted properties that hold a certificate. We can say that there was a\nrising interest in completed properties when compared with those going through\nthe construction process.<\/li><li>Things\nbecome more transparent as well as accountable after the GST, and its\nmodifications came into play.<\/li><li>In\nterms of pricing, there weren&#8217;t any valuable changes in the entire price of the\nproperty after the Input Tax Benefit removal and registration charges and stamp\nduty got exempted.<\/li><li>Buyers&#8217;\ninterest got hit due to the developers filing for insolvency and the delays\nlinked with the under-construction units.<\/li><li>The\nmain reason behind this segment witnessing only rare investments from the\nbuyers&#8217; end was the presence of various taxes related to the construction\npurpose materials leads to the increase in the overall construction.<\/li><li>In\nthe real estate market, the segment that has received maximum benefits is the\nrental market. The rental market of the real estate sector has won sizeable\nfame with the GST exemption on residential properties rented for the sake of\nresidential prospects and a GST of 18% on maintenance charges more than Rs 7500\nper month\/member.<\/li><li>With\nan increase in the threshold limit for rental properties for commercial usage\nfrom 10 lakhs to 20 lakhs, tax liability on the property owners got reduced.<\/li><li>With\n1% GST imposed on affordable housing units or units within the economic segment\nbecame a profit-making option for them.<\/li><li>Despite\nhaving so many positives, various points exist that scare off the investment\nmade in the real estate sector. These points are-<\/li><\/ul>\n\n\n\n<ol><li>ITC benefits removal<\/li><li>Registration charges and stamp duty exemption that presents a burden to the buyers<\/li><li>Cumbersome GST calculation process and many confusions related to the process<\/li><li>Other points<\/li><\/ol>\n\n\n\n<ul><li>Another\naspect is the reverse charge mechanism, where the initiation of goods and\nservice tax has filled negativity into the people\u2019s mind.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reverse_Charge_Mechanism_along_with_its_Impact\"><\/span>Reverse\nCharge Mechanism along with its Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The\nconcept of reverse charge mechanism has arisen from the previous tax regime. In\nservice tax, the applicability of reverse charges was in the case of certain\nnotified services. On similar lines, in VAT, in most of the states, a\nregistered person had to go for paying taxes to the government in case\npurchases were made from dealers who were not registered. Similarly, the applicability\nof reverse charge was in the case of imports, where the government receives the\nimport duties from the importer end.<\/li><li>With\nthe expansion of the scope of RCM in GST, developers would get impacted in an\nadverse manner.<\/li><li>Under\nGST law, meaningful addition to reverse charge mechanism is, if goods are\nreceived from a person who is an unregistered person under GST, and then it is\nthe responsibility of a registered person under GST to make payment for GST on\nsupplies of similar nature.<\/li><li>The\ndeveloper has to pay GST in cases where services are received from the end of\ntransporters of goods, an individual or firm providing legal services, local\nauthorities, or government rendering the services just like municipalities,\netc.<\/li><li>Furthermore,\nunder GST, the developer won\u2019t be able to make adjustments in the tax payable\nunder reverse charge mechanism against the available input credit from the\ngoods and service tax paid on the inputs. In place of that, it has to be paid\nvia bank or cash payment.<\/li><li>Eventually, it would lead to an increase in the costs and will impact the developers in a negative manner, especially here we are referring to the small developers. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_of_GST_on_the_Real_Estate_Sector-_ContractorsBuildersDevelopers\"><\/span>Impact of GST on the Real Estate Sector- Contractors\/Builders\/Developers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Developers had to bear customs duty, VAT, excise duty, entry taxes, and other taxes on inputs or raw materials and service tax on input services like labor charges, approval charges, legal fees, professional fees, and so on, all this under the previous tax regime. Due to the unavailability of the input tax credit for duties like entry tax, customs duty, and CST, etc., pricing got impacted, and there was a transfer of burden to the buyer.<\/li><li>Developers would see up-gradation in the margins due to the reduction in developers\u2019 construction costs along with the additional benefit of reduction in logistics cost. Since multiple taxes are incorporated, and the input tax credit is available, developers\u2019 construction costs would witness a significant reduction under goods and service tax.<\/li><li>Considering the negatives, to reach input tax credit, developers would have to attempt for multiple calculations in an endeavor to pass it on to the buyers. Thus, in maximum cases, they can pass on the input tax credit at the time of the final stages. Developers would get affected due to the lack of transparency on the input tax credit. Moreover, buyers may defer their buying decisions after following the\u201cWait and watch approach.\u201d<\/li><li>There were no records available in the books related to portions of expenditure in the former laws.&nbsp;Under the system of expenditure recording, invoicing cloud storage, along with the availability of credit on inputs got reduced under goods and service tax.<\/li><\/ul>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/impact-of-gst-on-the-hospitality-industry\/\">Enlightening about the Impact of GST on the Hospitality Industry\n<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_of_GST_on_the_Real_Estate_Sector-_Buyers\"><\/span>Impact\nof GST on the Real Estate Sector- Buyers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per the earlier tax regime, buyers had\nto pay service tax, value-added tax, registration charges coupled with stamp\nduty on the purchase of under-construction properties. There was a variation in\nthe prices of properties from one state to another since VAT, stamp duty, and\ncharges for registration were state levies. Most importantly, developers had to\npay several duties like OCTROI, custom duty, sales tax, and so on for which\nthere was the unavailability of credit.<\/p>\n\n\n\n<p>For properties that are still in the\nprocess of construction, there will be the applicability of a single tax rate\nof 12% under GST. However, there is no applicability of GST on ready to sale or\ncompleted properties, which was the case in the former. Hence, buyers would\nenjoy the benefit of price reduction under goods and service tax.<\/p>\n\n\n\n<p>In the short term, buyers will be gaining\nmore insights on the impact of GST on prices of the property and can suspend\nthe buying decisions by adhering to the \u201cwait and watch\u201d approach.<\/p>\n\n\n\n<p>In the long term, <a href=\"https:\/\/corpbiz.io\/gst-registration\"><strong>goods and service tax<\/strong><\/a> would favor the buyers in case of the passing of the ITC benefits received by the developers to the buyers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_of_GST_on_the_Real_Estate_Sector-_Other_Stakeholders\"><\/span>Impact\nof GST on the Real Estate Sector- Other Stakeholders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The real estate industry would get\nconsequentially impacted if the impact on the allied services like service\nsuppliers, labor along with material suppliers, etc. depends on the increment\nand even decrease in the tax levied on these items.<\/p>\n\n\n\n<p>For instance, in the past, cement got taxed on an effective rate between 27 and 31% will now get taxed at 18%. With the increasing prices of cement, there would be an increase in the overall construction cost for sure.<\/p>\n\n\n\n<p>GST Rates for the items of Construction\nIndustry<\/p>\n\n\n\n<ul><li>The rate of goods and service tax for steel is 18%.<\/li><li>The rate of goods and service tax on cement is 18%.<\/li><li>The rate of goods and service tax on marble and granite is 28%.<\/li><li>The rate of goods and service tax on fly ash bricks and sand is 12%.<\/li><li>The rate of goods and service tax on sand is 5%.<\/li><li>The rate of GST on paints is 18%.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Categories_of_Properties\"><\/span>Categories\nof Properties<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Properties got divided into three different categories-<\/em><\/strong><\/p>\n\n\n\n<ul><li>Properties\npriced within the limited amount of Rs 45 lakh in metropolitan\/non-metropolitan\nregions.<\/li><li>Properties\nhave the total carpet area not crossing the limit of 60 square meters in\nmetropolitan regions, including Bangalore, Chennai, Delhi NCR, Hyderabad, Kolkata,\nand MMR, i.e., Mumbai Metropolitan Region.<\/li><li>Properties\nwhose cumulative carpet area should not cross the limit of 90 square meters in\nnon-metropolitan towns and cities.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stamp_Duty_Applicability\"><\/span>Stamp\nDuty Applicability<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Registration charges and stamp duty get\nexcluded for the limited scope of GST calculation. Applicability of stamp duty\nwould proceed on under-construction properties as well as completed properties.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Real_Estate_Projects_Amid_COVID-19_Outbreak_%E2%80%93_De-stressing_the_developers\"><\/span>Real\nEstate Projects Amid COVID-19 Outbreak &#8211; De-stressing the developers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>COVID-19 pandemic has hampered the\nconstruction of real estate projects, creating problems related to cash flow\nfor the developers. Union Finance Minister, Nirmala Sitharaman, has asked the\nstates to extend the deadlines for all the real estate projects registered\nunder the Real Estate Regulatory Authority (RERA). Applicability of this point\nwill be for all real estate registrations, either expiring on 25th March or\nafter this date.<\/p>\n\n\n\n<p>Additionally, Union Finance Minister\nNirmala Sitharaman stated that the COVID-19 pandemic must get considered as\nthe&#8221; Act of God&#8221; under Real Estate Regulatory Authority (RERA). As a\nresult, the urban development ministry would circulate an advisory to all the\nstates as well as urban territories so that the various regulatory authorities\ncan put the &#8220;force majeure&#8221; clause into effect.<\/p>\n\n\n\n<p>Chairman of Anarock Property Consultants,\nMr. Anuj Puri, said that this prominent move would release the stress from the\nminds of the developers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_the_Nutshell\"><\/span>In the Nutshell<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The unprecedented growth of the real estate sector seems to be unstoppable in the forthcoming years. As the government has opened the door for foreign investors to come and make the investment in the real estate sector of the nation, the real estate sector would keep on contributing to the economy of India. The country has already witnessed many changes after GST implementation, and they have to see a lot more in the coming time. The new GST regime has enveloped all the taxes into a sole unit and is boosting the real estate sector. We hope that you will get familiar with the impact of GST on the real estate sector in India after thoroughly reading this article.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/elucidation-on-gst-refund-issues\/\">Elucidation on GST Refund Issues \u2013 Recent Updates\n<\/a><\/mark><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The impact of GST on the real estate sector has been a remarkable one. Goods and Service Tax came into the picture on 1st July 2017. It has turned out to be a difference-maker across various sectors of the Indian economy. The real estate sector in India is prospering at a breakneck speed. Over the [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":9077,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[585],"acf":{"service_id":"0"},"authorName":"Margesh Rai","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2024\/03\/Margesh.png","authorDescription":"With 10+ years of creative writing experience and 500+ blogs and thought leadership articles to his credit, Margesh Rai has left a significant impact in the field of content marketing. A published author and poet, Margesh Rai has experience writing for 20+ segments, such as Legal, Fintech, SAAS, Dairy, Real Estate, Hospitality, Recruitment, Sustainability, etc.","postViews":5070,"readingTime":8,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/9073"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=9073"}],"version-history":[{"count":6,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/9073\/revisions"}],"predecessor-version":[{"id":21187,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/9073\/revisions\/21187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/9077"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=9073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=9073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=9073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}