We must temper our optimism with realism and not expect major boosts for the real estate sector in the Interim Budget. In other words, let’s be realistic and not overly optimistic.
The need is to look beyond minimal tax sops and consider whether they actually make homes affordable and catalyze sales. Perhaps, instead of constantly looking for tax sops, we need to question the very fundamentals of pricing in real estate.
If you are looking to buy a property or have already invested in one, you will know that there are tax implications involved. Let’s first examine the tax on property purchase and then elaborate on how one can save on it via tax exemptions and deductions.
Until now, all properties that were treated as ready-to-move-in were out of GST ambit, so buyers had significant choices. However, after a recent announcement, projects which are ready-to-move-in but do not have completion certificates will attract GST.
The Year 2018 was a veritable roller-coaster ride for the Indian real estate. Despite signs of recovery across segments, the liquidity crunch – further exacerbated by the NBFC crisis – put all industry stakeholders on tenterhooks.
An improvement in end-user participation on rising affordability, increasing launch of units with mid-income ticket sizes, and implementation of the Real Estate (Regulation and Development)…
56% home buyers choose RERA for filing first complaint, reveals Magicbricks Consumer Poll Within just over a year of its implementation, Real Estate (Development and…
The previously failed attempts by the State Government to rebuild Mumbai’s Dharavi have now prompted a new angle – the area is now being promoted as Mumbai’s new business district.
Housing sales in Q3 2018 increased by 9% as against the preceding quarter. In comparison to Q3 2017, sales increased by 15% in a year across the top 7 cities.
Burgeoning commercial activity, a cutting-edge start-up culture and realistic property prices dictated by end-user demand have kept Bengaluru’s real estate market vibrant, and generally more resilient than in other cities.