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Showing posts from August, 2021

SHOUL YOU RENT OR BUY YOUR HOUSE?

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 RENT OR BUY DECISION???

Investment opportunity in Real Estate 2021

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What to expect in 2021? While there is still a long way to go, the worst is behind for the residential sector. The challenges faced by residential real estate in 2020 have, in fact, become the catalyst in providing stimuli to the industry for sustained growth. With people spending an inordinate amount of time at home, the lockdown re-established the importance of owning a house. At the same time, the Central Bank is leading the way to recovery by holding policy rates at historically low levels to initiate a cycle of consumption led growth. This has resulted in extremely low mortgage rates. And, prices have also been stagnant for the past few years. This affordable synergy makes it a great time to purchase a home. Furthermore, the market is also witnessing renewed interest from Non-Resident Indians (NRIs) impacted by economic uncertainties in Europe and the Middle East. Only credible developers, who are customer-centric and possess proven execution capability as well as quality products...

WHEN IS THE RIGHT TIME TO BUY RESIDENTIAL REAL ESTATE.

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  2021 SEEMS TO BE BEST TIME TO BUY REAL ESTATE Real Estate has gone through a low cycle since Year 2016 and it is now definitely poised for upward trend.  There seems to be lot of excitement in present times to invest into liquid funds and stock market and this has resulted into stock market touching new highs in almost every trading session. Stock market is an early indication into how economy is about to evolve. This Trend is stock market is seen since last two years (Market had drastically corrected during February, March and April of 2020 due to Covid Panademic and since then market has not given any weightage to Panademic and has only gone up. Prices of Gold are also increasing significantly. Real Estate has its own pace and it generally lags behind other sectors.  The real estate cycle comprises four main phases: recovery, expansion, hyper supply, and recession. This implies that historically, there has never been a sustained expansion or hyper-supply period w...

Income from House Property and Taxes

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  Income from House Property and Taxes 1. Basics of House Property Tax A house property could be your home, an office, a shop, a building or some land attached to the building like a parking lot. The Income Tax Act does not differentiate between a commercial and residential property. All types of properties are taxed under the head ‘income from house property’ in the income tax return. An owner for the purpose of income tax is its legal owner, someone who can exercise the rights of the owner in his own right and not on someone else’s behalf. When a property is used for the purpose of business or profession or for carrying out freelancing work – it is taxed under the ‘income from business and profession’ head. Expenses on its repair and maintenance are allowed as business expenditure. a. Self-Occupied House Property A self-occupied house property is used for one’s own residential purposes. This may be occupied by the taxpayer’s family – parents and/or spouse and children. A vacant h...

New Home Checklist, Buying New house Check List

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  New Home Checklist # While a home inspection is simply a visual examination of a house's overall condition, it may turn tiring if you have a lot of options on the plate. So, it is advisable that you first shortlist a few properties that suit your budget and other preferences and subsequently start physically inspecting each of them. Ideally, you should inspect every little physical aspect of the house you intend to buy, particularly if you are buying a re-sale property. To make the job easier, 99acres Buyer Guide presents an easy to use 'Physical Inspection Checklist’ so that you do not miss out on anyWhile a home inspection is simply a visual examination of a house's overall condition, it may turn tiring if you have a lot of options on the plate. So, it is advisable that you first shortlist a few properties that suit your budget and other preferences and subsequently start physically inspecting each of them. Ideally, you should inspect every little physical aspect of the...