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.
As global trends shift and demographics evolve, a new contender is emerging on the investment horizon: senior living communities or retirement homes. No longer a niche market, senior living has captured the attention of savvy investors who recognize its immense potential, not only as a socially relevant initiative but also as a financially rewarding asset class.
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.
In an important step toward a complete digital transformation of the built environment in India, the Telecom Regulatory Authority of India (TRAI) has published a draft manual to standardise the rating of real properties for digital connectivity.
Goa is emerging as a hot spot for real estate investment, with residential property prices skyrocketing by 66.3% year-on-year, according to Magicbricks, a prominent online real estate platform. This surge is cementing Goa’s reputation as a go-to destination for vacation homes, retirement properties, and long-term rental investments.
As affordability, connectivity, and luxury converge, Tier 2 cities are no longer secondary choices; they are the future of real estate in India. With skyrocketing property prices in metropolitan areas, buyers are increasingly drawn to the spacious and cost-effective housing options available in Tier 2 and 3 cities.
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.
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 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.
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.