realestate2022

5 ways homebuyers would benefit from regulatory changes Buyers are one amongst the biggest stake holders in this sector. Even the simplest of policy decisions will have an impact on them. Governing a sector as massive as real estate is not an easy task. The interests of several stake holders are involved here. All their concerns have to be addressed when policies are formulated. A policy decision made at the right time taking into account all the problems of a particular sector can change the way that sector functions for the better. “Lately there have been a slew of developments that have the potential to radically alter the nation’s realty sector. 2016 was a landmark year for those involved in this business. Legislation and taxation policies that took shape in 2016 have given all the players involved in the industry hope that its future is headed in the right direction. 2017 is also not too far behind in terms of producing some defining moments for the sector either,” says Ganesh Vas...

Holi isn’t just about colours, it also teaches how to manage your money and grow rich Holi -- the festival of colors -- celebrates life in all its diverse and varied forms. While celebrating this festival and having fun, it is a good time to also relax and review your financial goals and portfolio. The economic environment the world over remains very fragile and disruptive. (PTI) Holi — the festival of colors — celebrates life in all its diverse and varied forms. While celebrating this festival and having fun, it is a good time to also relax and review your financial goals and portfolio. While stock markets have done much better than expected, even the debt markets, especially Gilt Funds, have delivered attractive returns over the past one year. The economic environment the world over remains very fragile and disruptive. Forecasting return on any asset class can be a perilous exercise. Hence while the going is good, book some profits at regular intervals and keep increasing the cash l...

Environment Minister launches Web Portal for obtaining CRZ Clearances The Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, launched the web portal for obtaining Coastal Regulation Zone clearances, here today.  The Minister termed the launch of the portal as a good example of ‘Ease of Doing Business’. The Portal is a web-based system for obtaining clearances required from the Ministry under the “Coastal Regulation Zone” (CRZ) by the Project proponents.  The system will enable the Project proponents and the concerned State/Union Territory bodies like the State Coastal Zone Management Authorities (SCZMAs) and Municipal/Town Planning agencies in tracking the status of their proposals.  The system is based on web architecture, similar to the existing systems in place for according environmental and forest clearances. The Portal is a very user-friendly initiative, which enables submission of applications for...

The letter of allotment, even though not “ownership”, must be taken as the date of holding the asset Capital Gain will be calculated from date of allotment letter. While s. 2(42A) uses the term “held”, the other provisions use the terms “acquired”, “purchased” and “owner”.  Accordingly, for considering whether an asset is a “long-term capital asset”, the period of holding must be computed on a de facto basis. The letter of allottment, even though not “ownership”, must be taken as the date of holding the asset. Perusal of the definition of the term “short-term capital asset” in section 2(42A) shows that the legislature has used the expression ‘held’. It is further noted by us that in various other allied or similar sections, the legislature has preferred to use the expression ‘acquired’ or ‘purchased’ e.g. in section 54 / 54F. Thus, it shows that the legislature was conscious while making use of this expression.  The expressions like ‘owned’ has not been used for the ...

Should you rent a house and pay EMI at the same time? Some Budget 2017 proposals are likely to narrow the scope for home owners Homebuyers may avail the tax benefits on both house rent allowance and also pay EMI at the same time.(Shuttlestock) Apna Ghar is a dream that every common man often carries. However, with the ever rising real estate prices coupled with the steep inflation rates, the common man is often made to think twice before he hits the go ahead button to invest. The housing loan mechanism works as a big boost for the ever thinking common man on whether to invest or not. Once the decision is made and the house is still in the construction stage such people may continue to stay in a rented accommodation and avail the benefit of house rent allowance, if the employer offers the same to them. It is noteworthy that in such a scenario the various tax breaks that the income tax law has to offer as regards the EMI’s can also be availed by such people. Once a homebuyer has finally ...

6 Major Trends for Indian Real Estate Market in 2017 These trends will shape – or reshape – the Indian real estate sector in 2017 and beyond: Global capital flow into Indian real estate will increase further India ranked fourth in developing Asia for FDI inflows as per the World Investment Report 2016 by the United Nations Conference for Trade and Development. That is endorsement at the highest levels – and real estate saw equity investment on a very visible return journey to India last year. Indian real estate has attracted USD ~32 billion in private equity so far. The global capital flow into Indian real estate in 2016 stood at USD ~5.7 billion. Though the historic high of 2007 (in terms of total PE inflows) was not breached, last year proved to be the second-best year so far. Despite Brexit and uncertainty around the new US President’s outsourcing and visa-related policies, private equity activity also looks healthy in 2017 – thanks to a strengthening and modernizing economy, and th...