Real Estate market in india
The real estate scene in India had been pretty poor off late, but seems like it’s recovering at a slow and steady pace based on recent analysis of the situation. After the new government came into form, more buzz has been observed in the real estate department. The real estate sites are witnessing more visits, [...] Continue Reading »
Expecting a growth in the real estate sector, the banks continue to lend aggressively to the commercial real estate and the NBFC (Non-banking financial company) sector. According to the sectoral bank credit data released by RBI, the banks have slowed down on unsecured credit like credit cards, personal loans etc. as the security is low [...] Continue Reading »
According to the report, the Indian construction and real estate sector continues to be a favored destination for global investors and businesses. As per the tax and advisory firm, Grant Thornton, the large numbers of people are shifting towards the cities and the interest shown by the buyers to invest in the real estate market will [...] Continue Reading »
The home loan incentive which was announced recently by the Finance Minister with the Union Budget 2013 has been the talk since its release. The real estate developers are the group who can cheer the most with the incentive. One can claim the tax deduction only if his/her loan amount is less than Rs 25 lakh. Also, it has [...] Continue Reading »
With release of Union Budget 2013, the Finance Minister has proposed to offer deduction in tax on home loans to first time home buyers. This initiative has brought some cheer for the home buyers as there was no significant tax reliefs in the past. One can claim the deduction at tax only if your loan amount is [...] Continue Reading »
With release of Union Budget 2013, the Finance Minister announced the introduction of one percent Tax Deducted at Source (TDS) on immovable property transfer exceeding Rs 50 lakhs. Agricultural land is exempted from this. This means that if a person has a property (house or plot) which is sold for more than Rs 50 lakhs [...] Continue Reading »
In the end of the year 2012, the performance of the National Capital Region lagged when compared to other major cities like Bangalore and Mumbai. This was due to the moderation of sales which were initiated due to the lack of new launches. According to a report, various Bangalore-based developers outperformed other markets, whereas Mumbai [...] Continue Reading »
Chennai – A survey was performed to find out the city with maximum number of online searches for luxury properties above Rs 1 crore. Chennai took the first place, followed by Delhi -NCR and the third position was occupied by Bangalore. This study was carried out on the basis of number of searches and visits [...] Continue Reading »
Delhi- Focusing towards the requirement of the middle class buyers, the upcoming budget is likely to give a boost to the affordable housing sector. The government’s main intention will be to push the number of homes with price tags around Rs 20 lakh. It can be achieved through offering incentives like tax breaks, easy loans, [...] Continue Reading »
New Delhi- With a lackluster realty market last year, the Indian realtors are expecting better market sentiments this year. They have been banking on the important legislation which is supposed to be introduced by the government in the upcoming budget session of the parliament. The budget is expected to create a larger impact on the [...] Continue Reading »
