In the months of March & June 2015, State Bank of India (SBI) had successfully conducted its Mega e-Auction of residential and commercial properties located at various cities in India. SBI was able to sell around 40% of the 350 properties which were up for sale. These properties were pledged as collateral for housing and […]
Real Estate
Recent Trends in Residential Property Prices in India – RBI’s Survey
Reserve Bank of India (RBI) has recently published an article on ‘Recent Trends in Residential Property Prices in India’. RBI has been collating information on Property prices through its survey known as ‘Residential Asset Price Monitoring Survey’. This survey covers transaction level data on housing loans disbursed across select 13 cities, from select 35 scheduled […]
Real Estate Regulation and Development Bill – Details & Highlights
The real estate sector in India is highly unorganized and largely unregulated. The implementation of a good Real estate bill is long impending. The Real Estate Regulation and Development Bill – 2013, was initially drafted and approved by the then UPA (The United Progressive Alliance) cabinet in 2013. This bill has been lying in Parliament […]
Self Occupied Property (SOP) & Tax implications
We often get to hear a term called as ‘Self occupied Property (House).’ This comes into picture, when we talk about, House Rent Allowance (or) while calculating the Income from House property (or) while claiming the tax deduction on home loan interest amount. So, what is a Self occupied property in terms of Income Tax? […]
Bangalore Development Authority : BDA e-Auction latest Notification details
Bangalore Development Authority (BDA) has come up with new notification for e-auction of residential sites. The last BDA e-Auction was happened in July 2014. BDA e-Auction : Latest notification (November 2014) The last date for applying to BDA e-Auction is 08-Dec-2014. Below are the details of important dates related to this auction. Commencement of BDA […]
Reselling Property within 3 years of buying? – Watch out for charges & Tax liability
When I met one of my friends last week, he was very happy that he is making a huge profit on one of his property investments. He bought a 3BHK Flat in Bangalore in 2012. He purchased the property for Rs 50 Lakhs (including registration & brokerage charges). Now, he is reselling it for Rs […]