79 per cent prefer home loans to finance their property purchases. Key reasons include competitive interest rates, flexibility in loan tenure, and a long repayment period of up to 30 years, making repayments manageable. Additionally, home loans offer tax benefits and do not typically incur penalties for early repayment, adding to their popularity.
India is quickly becoming a favourite spot for foreign investors who want to put their money into land and development projects. In fact, it’s ranked third globally for such investments in 2024, according to a report by Colliers.
The 2024 Union Budget of India has introduced sweeping changes to the capital gains tax framework, impacting a broad spectrum of taxpayers with investments in stocks, mutual funds, real estate, bonds, gold, and more. The primary goal appears to simplify the calculation of capital gains, which was previously complicated by varying tax rates, holding periods ranging from 12 to 36 months depending on the asset, and rules around cost indexation. This revision aims to streamline the entire process for better clarity and ease of compliance.
Goa, a beautiful coastal state on India’s west coast, has always been a popular tourist destination. But lately, it’s become a hot spot for a different kind of visitor: the luxury home buyer.
Goa’s appeal is now extending beyond holidaymakers and retirees. Real estate developers from across the country are gearing up to launch projects in the popular holiday destination, led by high demand from wealthy individuals and non-resident Indians.
