rental income
Asian Business Connection, the holding company of the Carnival Group has acquired the IT Park in Kochi from the company owned by the promoters of Leela Group for Rs 280 crore. The Mumbai-based Carnival Group seems to be very satisfied with this deal as the property is spread over 6.5 acres and brings in good rental income. Out [...] Continue Reading »
Considering the housing shortage in the country, a big boost to ‘rental housing’ concept is the need of the hour. The same can be promoted in several ways. CREDAI is expecting three major things from budget. Their demands include a flat 10 percent tax on income from renting of properties and services of property management [...] Continue Reading »
New Delhi- As a buyer it is always better to think of the various aspect before investing in any sort of property be it for rental income or for residing purpose. Not many of us think about the imbalance of the costs incurred in the long run while investing in a property for rental income. The most [...] Continue Reading »
Chennai- Sholinganallur, a residential area in the outskirts of Chennai, which had been witnessing significant commercial development is now developing in terms of residential real estate too. The huge workforce that has been coming up for catering fast developing commercial segment, has now been pushing residential segment in the area. Sholinganallur has observed around 12 [...] Continue Reading »
New Delhi- If you haven’t yet paid your service tax dues, hurry up as November 27 is the deadline with over Rs.10-lakh rental income out of the immovable properties. Tax payers who fail to pay by the deadline will be charged a penalty. Tax implies to renting commercial properties with the rental amount exceeding the limit of Rs.10 lakh annually. [...] Continue Reading »
The dipping rupee value in the past few months has brought a lot of cheer to Non Resident Indians. The Indian real estate market has now turned sluggish and the depreciating rupee adds more power to NRIs dollars and leads them to acquire properties at cheaper rate. Anuj Puri, chairman & country head, Jones Lang [...] Continue Reading »
Property can be a great source of income for your retired life or in case you lose your job, as many people have in last couple of years. There is no doubt that property is a great help if the investment is made at the right time. Those who invest in realty should have a [...] Continue Reading »
Kukatpally is a major residential and commercial suburb in Hyderabad. Low rents attracts city techies to Kukatpally. The rent difference is largely rooted in the excess supply of new constructions in these areas and poor demand among buyers. Newly-constructed apartments in Kukatpally, and even Towli Chowki for that matter, are being let out at rock [...] Continue Reading »
There is good news for house buyers. In its revised discussion paper on Direct Tax Code, the government has proposed to allow the tax concessions on the interest paid up to Rs 1,50,000 during a financial year on home loan to buy a house for one’s own use. Similarly, the government had also decided not [...] Continue Reading »
