Property is illiquid, more so if it is high-value. Rather than sell your plot or redevelop an old home, you may want to consider joint development. One clear advantage is getting a home that fits your current needs, without spending money for construction. Also, it can enable one to partly [...]
CHENNAI: The fall of the rupee against the dollar may lead to the NRI community in the MiddleEast investing more on properties in India, says international realty consultant Jones Lang LaSalle (JLL). The results are already being felt in the Chennai market. At a recent property exhibition in Dubai, a youth from Coimbatore [...]
The proposed real estate bill, if implemented, will hamper cash flows and escalate the cost of capital of realty firms, besides limiting overall growth of the industry. Of all the proposals, the most negative for the developer is the one that says the builder will have to set aside 70% of [...]
Now, you will now have to deduct tax when you make the payment to the seller if the cost of the immovable property exceeds Rs 50 lakh. The CBDT has notified the new provision of tax deducted at source, or TDS, on immovable property The rate at which tax is to [...]