Latest Property News on 'Real Estate Trends'

High Demand Pushes Realty Growth in India

Indian property market is making rapid strides. However, the credit also goes to the government which has been taking several initiatives to draft new policies in order to push investments in the sector. It includes liberalization of foreign direct investment (FDI) in real estate and introduction of the SEZ Act.

The government allocated a whopping Rs 50,000 crore under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) to improve urban infrastructure in 63 cities. Read More »

Realty Contours of Pune, the Tech City

The city of Pune has certainly covered a long journey from being known as pensioners’ paradise to the Tech city.  These days, investors and builders seem to be making large money from Pune real estate market. This has given a strong push to wealth and development in the city.  The activities have indeed put Pune on global business map in a dramatic way.  It offers a plethora of opportunities in the field of retail, IT industry, BPO industry, and the hotel industry.

Everyone belonging to Pune property market is cashing in on the prospects that the city of gold offers. High and retail market space is the most preferred sector in the market. Pune education sector is also making rapid strides and has witnessed a huge influx of students coming in all across the world. This is contributing to the success of Pune and assisting it to come up as a global education destination. Read More »

Southern States Lead in SEZ Race, Haryana Leads the Chart in North

The new policies framed for the construction of Special Economic Zones (SEZs) have started to show their impact. However, the buzz over allegations of land grabbing and revenue has settled by now. Southern and western states are gaining maximum out of the SEZ policy whereas the East and North-East are losing out.

SEZs are largely contributing to the success of the economy and creating a large plethora of job opportunities. The state government is required to handle these important projects carefully. Land is a state subject and no company can acquire the property in the name of SEZs without the connivance of the state government concerned. The Centre has imposed curbs on state acquisition of land and planning new rehabilitation policies. Read More »

Locations Driving Property Market in NCR

Fast emerging as an important hub for information technologies and IT enabled services in India; the National Capital Region (NCR) has become an apple of eye of both builders and potential investors.

The NCR is built over a large area of 33,578 sq kms. States including Haryana, Rajasthan, Uttar Pradesh and the National Capital Territory of Delhi fall under the NCR region. Ongoing commercial developments in NCR have given a string boost to the real estate market here. Also, limited supply of properties in Delhi served as a blessing in disguise for NCR real estate market. Read More »

Ghaziabad Moving Up

Ghaziabad has been showing bullish signs in all of its real estate segments – commercial, residential, and retail, in productive mode. Now, the city is zooming upwards with its developing commercial centers like Raj Nagar District Center, biggest retail destination, proposed fourteen new flyovers, and Metro rail connectivity.

The city has emerged as one of the best investment destinations in the NCR.  Following are the proposed developments that have given a new push to Ghaziabad Real Estate: Read More »

NRIs Can Now Save Tax On Homes Bought Abroad

The tax rate on long-term capital gains earned on sale of property is 20%. In case, the value goes over Rs 10 lakh, the tax rate increases to 22.66%. The rule remains same for both Non Resident Indians (NRIs) and India residents.

Serving as a savior, Section 54 of the Income Tax Act exempts those capital gains which are invested in a residential house within a year before to two years after the sale. In case, an investor wants to build a house, the time limit is increased to within three years of the date of sale. Read More »

A View On Mall Development In India

Retail and real estate compliment each other. The current growth trends in Indian retail market present large prospects in the retail real estate segment. Indian retail enjoys the status of representing one of the 10 largest retail markets in the world.

If the progress forecasted for retail sector in India keeps moving like this, then, by the end of 2008, a supply of 66 million sq ft. of new retail space will be developed in the eight largest Indian cities. Read More »

Calculating Taxable House Property Income

Imposition of service tax on residential property rentals by the government has brought a severe headache for builders. However, rental income is taxable on accrual basis except the unrealized rent, if the non-realisation complies with terms and conditions stipulated in Rule 4 of the Income Tax Rules.

Income from residential property includes both accrual and cash basis of determination. The rental income is calculated on accrual basis. The expenditure towards municipal tax is deducted on cash basis whereas the computation of deduction towards interest on money borrowed is done on accrual basis. Evaluating the tax on rental income may seem difficult as much as the concept seems vague. Read More »

To Choose Floating or Fixed?

There has been a considerable increase in home loan interest rates for the past few months. People who have earlier opted for floating rate loan are now repenting for not having chosen the fixed rate loan. Have soaring rates not hit the fixed rate loan borrowers? Is it safe to narrow down on the fixed rates or Can there be any complications with it as well?

With such questions framing the debate, we now turn our article to specific challenges associated with each of the options. Read More »

How to Handle the Paperwork When Buying a Home

Buying a home can be the most important investment for anyone. There are number of factors to consider while investing in residential property both as the first time buyer as well as the experienced.

The article highlights the importance of legwork involved in any home loan deal, a popular source to finance home sweet home. Read More »