Category: Residential Real Estate

Rental properties are presently subject to service tax, under certain conditions. We examine how the proposed Goods and Services Tax and the provisions for tax deduction at source, will impact one’s rental income The rental income from a real estate investment, is taxed under the head ‘Income from House property’ under the income tax laws, […]

As the law allows a person to own multiple homes and avail of multiple home loans, we look at the implications on tax exemptions on the home loan for the second house There is no restriction on the number of properties you can own. Similarly, there is no restriction on the number of houses for […]

A gift of a property that is valid and accepted by a donee, cannot be revoked by the donor, except under certain special circumstances. We look at the cases where revocation is possible With many children opting to migrate out of India for employment and the gradual disappearance of the joint family system, parents with […]

While a gift of house property does not involve monetary consideration, it needs to be registered and taxes should be paid in certain cases Gifting is an act, through which a person voluntarily transfers certain rights in an asset to another person, without any consideration. Gifting of house property has a certain income tax and […]

Properties can be transferred to someone you love, without any consideration, by way of a gift or through a will. We examine the pros and cons of each method Transfer of property by way of gift If you wish to transfer property, so as to make the donee enjoy the property immediately, this can be […]

If you want to know what is RERA, then this post is for you. This post summarizes basic information about RERA and how exactly it will going to help the Indian citizen. The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost […]

Leading property consultant Anarock on Monday (12 August) said that it expected the property prices in the erstwhile state of Jammu and Kashmir to soar, reports Economic Times. As per the property consultant, property prices in Srinagar have been hovering in a very low range of Rs 2,200 to Rs 4,000 per square feet, which is much […]

Times have changed and not many of us can afford the luxury of a debt-free life, something our parents and grandparents enjoyed. There is also a shift in the way people looked at borrowing. Unlike our elders, we do not perceive debts as harmful. Not only do loans save us in our time of need, but […]

There is no denying the fact that home buying is emotionally gratifying.  In fact, we will not be exaggerating if we said that more than often, the purchase decision is emotional than rational. Many a time, we are so moved by the rush of these emotions that we enter the territory without doing any prior […]

The Delhi Development Authority (DDA) has announced that it will refund the registration amount of the unsuccessful applicants of its Housing Scheme 2019, in a week’s time. Apart from this, the successful applicants can also exercise the option of surrendering the allotment or getting a refund of the registration amount without any deduction, up to […]