Capital Gains Can Be Invested Multiple Times To Buy A New Residential House Property
Income Tax allows exemption on the long term capital gain if you invest the gains/consideration in a new residential property subject to certain conditions. Recently, the Income Tax Appellate Tribunal (ITAT) Delhi has allowed multiple-year exemption u/s 54F for an under-construction house. It held that taxpayer can invest capital gains for the second or third time also towards the same new house property.
Goa Budget 2025 proposes an affordable housing policy
Goa Chief Minister Pramod Sawant has said that the government will develop a comprehensive housing policy to provide affordable housing for Goans through the Goa Housing Board to address real estate and housing concerns in the state.
How Govt-led development will shape Goa’s property market
Government-led infrastructure projects and improved urban planning are set to transform Goa’s real estate landscape. These developments are expected to drive property appreciation, making Goa an attractive long-term investment destination.
Mumbai-Goa Expressway transforming real estate landscape
Goa Real Estate News: Mumbai-Goa Expressway is set to drive economic activity. The improved road network between India’s financial capital and Goa will unlock new economic corridors and create investment-friendly opportunities across multiple sectors.
HNIs, foreign funds continue to be bullish on Goa’s realty
Demand for holiday homes in Goa by wealthy investors and interest among foreign funds to acquire hospitality assets continue to remain strong, despite claims in certain quarters about a dip in tourism activity, say real estate consulting firms and developers.
Second home market in India surges: Goa, Ayodhya lead
Second home and vacation rental market in India is growing at a staggering speed with the current market sized over USD 3 billion. Indian buyers are now actively scouting for such properties in picturesque locations like Goa. The growth in the market is propelled by a slew of factors such as rise in income, demand for wellness-driven lifestyle, increase in staycations & remote working culture, etc.
5 Things NRIs Need To Know Before Buying Property In India
Many Non-Resident Indians (NRIs) look to invest in properties back home, driven by favorable government policies, easier access to home loans, and a strong emotional connection to their homeland. If you’re an NRI planning to invest in property in India, here’s what you need to know.
LTCG Tax On Property For HNIs
Long-term capital gains (LTCG) tax on property is a crucial consideration for high-net-worth individuals (HNIs) when selling real estate. The tax is applicable on profits earned from selling a property held for more than two years, with rates and exemptions governed by specific regulations. Understanding these rules helps HNIs plan transactions efficiently and reduce tax liabilities.
Goa government outlines metro system, IT growth, and nursing support schemes
The Goa government has developed a proposal for introducing a metro train system within the state, along with the much-needed reconstruction of the Panaji and Mapusa bus stands. Another key announcement involved the creation of a new educational complex on a 2 lakh square meter plot near Goa University. Furthermore, the Chief Minister mentioned the ongoing CM apprenticeship scheme for nursing students.
Real estate sector lauds Budget 2025
The government’s concentrated efforts on infrastructure development promise to significantly enhance housing demand. The establishment of the India Infrastructure Fund and emphasis on Public-Private partnerships for infrastructure in the budget is also a game-changer for the real estate industry.