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? […]
Real Estate
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 2019. BDA e-Auction : Latest notification (November 2019) The last date for applying to BDA e-Auction is 03-Dec-2019. 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 […]
REITs in India – Features, Benefits & Tax Implications
REITs (Real Estate Investment Trusts) are soon going to be a reality in India. The Securities & Exchange Board of India (Sebi) has issued final guidelines for Real Estate Investment Trusts (REITs). While the concept of REITs been in existence in developed markets for several years now, it is a new concept in India. In […]
Great opportunity to own a residential site through BDA’s (Bangalore Development Authority) e-auction
Since 2012, BDA (Bangalore Development Authority) has been aggressively offering the plots for sale through e-auction. These are residential sites in well developed localities of Bangalore. Bidding is a hassle-free way to own a property in Bangalore. It is a naked truth that in most of the property deals in India there is always a […]
Bangalore Property Market Review
Bangalore Property market has always withstood the test of time. In this post I am presenting a brief review on the Bangalore Property market’s performed over the last few months. Key points: Bangalore property market remained steady over the last six months. Mid segment properties ( Rs 40-70 Lakhs) have done well in the South, […]