Market observers say that the proposed move aims to simplify the rules and developers will get the benefit of lower taxes. Due to this, homebuyers will also be able to get homes at cheaper rates.
Even though unsold inventory is increasing while sales are seeing a dip in many cities across India, it is too early to say that the real estate market is seeing a slowdown.
People want to come home to an uncluttered, clean space with neutral colour palette that is devoid of visual clutter and celebrates the deliberate absence of ornamentation. Minimalism is thus a preferred décor style for many, but does this mean that soon enough homes will lack character and can resemble a cookie-cutter copy of each other?
Real estate developers and financial institutions remain optimistic about growth in India’s property market over the next six months, despite ongoing global uncertainties.
Real estate developers and financial institutions have become more optimistic towards growth in India’s property market for the next six months despite global uncertainties, according to Naredco and Knight Frank.
Many personal finance experts regard real estate as a reliable vehicle for efficient tax planning. Moreover, it is also considered a good instrument for wealth creation, albeit if you know how to structure your property investments efficiently. Here’s all you need to know.
You may live in your house, pay every bill, even have it registered in your name — but in the eyes of Indian law, you could still own nothing. Mutation is not a bureaucratic step – it is legal proof of ownership in government records.
Under the updated rules, all property records will go digital, allowing buyers to access title deeds, ownership details linked to Aadhaar, and any bank loans or dues on the property.
NRIs, after acquiring a property in India, should file annual income tax returns even if the income generated from the apartment is below the taxable threshold.