One year of GST: The tax regime is helping reduce shady realty transactions, but property prices aren’t down
The overall cost of property purchase will come down if stamp duty and registration fees are subsumed under the GST regime.
With the hard decisions now taken, the Indian real estate sector fervently hopes that it is at the receiving end of the benevolence implied in a populist budget
After exiting EU, locations like Greece, Spain and Portugal may not remain as attractive to UK investors, and India may benefit from that.
The realty sector is just emerging from a prolonged and painful slowdown, and is looking for all and any signs of light at the end of the tunnel. This fact makes Union Budget 2016 all the more critical, and the real estate industry has many expectations from it.
What are the factors that have been driving Mumbai's real estate prices so high over the years?
The budget has not provided any additional relief via increased income tax deduction limit or on repayment of housing loans. The regime on these fronts, which was announced during the previous budget from eight months ago remains unchanged. This is a disappointment, since there were expectation that the Finance Minister would further increase either or both of these limits and thereby address the reality of high property prices in India.
One of the myths about a reverse mortgage is that one loses one's home at the end of the mortgage term.
A building's overall legality can be verified by the availability of an occupation certificate and original drawings approved by the BMC. However, it is beyond a layperson's capacity to verify whether the offered space lies within the approved part of a project or is an illegal extension.
The US or the UK are doubtlessly closest to the hearts of most Indians hoping to buy property abroad. However, when these are out of reach, Dubai is definitely among the most preferred among realistic property investment destinations for Indians.
More and more regulations are being brought in to subdue the appetite for speculation in this sector. Also, the lowest entry point is definitely much higher than for gold.