If you own a property which is a building, plot or land attached to such building, then any rental income from such property will be chargeable to tax under the head “Income from House Property”. One important point to be kept in mind is that such a property should not have been used for personal […]
Real Estate
Under Construction House : How to claim tax deduction on Home Loan Interest payments?
A home loan borrower can claim Income Tax exemption on interest payments of up to Rs 2 lakh and another Rs 1.5 lakh under Section 80 C towards the principal repayment. However, you cannot seek these tax benefits in the pre-construction phase (i.e. no tax deductions available for an under construction house), even if you […]
Joint Home Loan : Eligibility rules & Income Tax Benefits
Many home loan borrowers consider taking a Joint Home Loan as a practical option to get higher loan amount and also to avail Income Tax Benefits. Joint Debt has become a part of the Household finance these days. One of the primary benefits of a joint loan is that it increases the borrowing capacity of […]
SBI’s Mega e-Auction of Residential & Commercial Properties – Bid & Buy
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 […]
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 […]