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Property

Uttar Pradesh CM Yogi Adityanath

UP Govt To Act Strictly Against Encroachers: Adityanath At 'Janata Darshan'

During a public grievance meeting called 'Janata Darshan', the Chief Minister of Uttar Pradesh, Yogi Adityanath, promised attendees that the state will take strict measures against those who illegally occupy land and...

17 August 2023

Budget 2023-24: Housing and Real Estate

Housing Sales Down 1 Pc In Jan-Jun Across Top 8 Cities; Gross Office Leasing Up 3 Pc: Knight Frank

Releasing its bi-annual report for India's top eight realty market on Tuesday, real estate consultant Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the...

04 July 2023

REITs

India Likely To See Listing Of Four REITs In Next 18 Months; Property Stalwart Anshuman Magazine Bullish On Indian Prosperity

At least four REITs are listed on the Indian stock exchanges, of which three are backed by office assets and one backed by retail properties

26 May 2023

Only Interest Earned On RDs Taxable, Not Principal

Interest earned from recurring deposit is taxable; and, if any property is received as a gift from a relative, then the same would not be taxed in the hands of the recipient; tax deducted from monthly salary is based on...

12 August 2023

File photo of Puducherry Chief Minister V Narayanasamy

Narayanasamy Wants CBI To Probe Alleged Sale Of Temple Lands In Puducherry Through Fake Documents

V Narayanasamy, former Puducherry Chief Minister, asked the CBI for an investigation into alleged illegal land sales and property sales through fake documents in the temple lands case. 

27 June 2023

Odisha Chief Minister Naveen Patnaik

Odisha: CM Owns Property Worth Rs 65.40 Cr

According to the website, Patnaik’s movable property increased in 2021-2022 while immovable assets remained the same.

20 May 2023

Mumbai Property Registrations Dip By 10% In July Y-O-Y

The dip in number of units registered was acute in the below Rs. 1 crore segment, but less conspicuous in the Rs. 1 crore-plus unit segment in the January-July 2023 period

01 August 2023

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Section 145 Allows Taxpayers To Declare Interest Income On Accrual Or Receipt Basis

You cannot revise old income tax return. Under Hindu Law, only a coparcener can be become the karta of the HUF. Income from sale of house is taxed as capital gains

20 May 2023

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24 April 2023
6 Things To Keep In Mind Before Investing In A Second Home For Rental Income

6 Things To Keep In Mind Before Investing In A Second Home For Rental Income

Investing in a second home for rental income can be a smart move to diversify your portfolio and generate a steady stream of passive income; however, remember...


05 April 2023
Circle Rates Up In Gurgaon By 10-30%, Unlikely To Impact ‘Market Rate’ Property Prices

Circle Rates Up In Gurgaon By 10-30%, Unlikely To Impact ‘Market Rate’ Property Prices

The Gurgaon administration has increased the circle rate by 30 per cent in the residential areas and by 10 per cent in the commercial hubs. The new rates are...


01 April 2023
To Calculate Cost Of House For Capital Gains, Include All Costs Incurred In Purchase, Repair

To Calculate Cost Of House For Capital Gains, Include All Costs Incurred In Purchase, Repair

For calculating exemption under Section 54, you will be entitled to take into account all the costs incurred in connection with the purchase of the new...


03 March 2023
Stamp Duty Paid By Recipient On Property Received As Gift Will Make Gift Void

Stamp Duty Paid By Recipient On Property Received As Gift Will Make Gift Void

The donor has to pay the applicable stamp duty on the property that is to be transferred to the recipient as gift. Non-resident status is determined...


01 March 2023
Most Ultra Rich Looking To Invest In Residential Real Estate To Beat Inflation, Says Report

Most Ultra Rich Looking To Invest In Residential Real Estate To Beat Inflation, Says Report

Most ultra-high net-worth individuals still consider residential property as the safest asset class, followed by gold. A huge 67 per cent of them are worried...


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25 February 2023
You Cannot Claim Deduction For Life Insurance Premium Paid Against Long-Term Capital Gains

You Cannot Claim Deduction For Life Insurance Premium Paid Against Long-Term Capital Gains

You can set off the taxable long-term capital gains against a shortfall in your basic exemption limit; In the case of joint buyers of a property, every joint...


31 January 2023
Registration Of Properties In Mumbai City Up 7% To 8,694 Units In January: Knight Frank

Registration Of Properties In Mumbai City Up 7% To 8,694 Units In January: Knight Frank

The data pertains to transactions in both primary (fresh sales) and secondary (re-sale) markets of all types of properties—residential, commercial and others


20 January 2023
Budget 2023: PHDCCI President Suggests Changes To Tax Rules On Notional Income From House Property

Budget 2023: PHDCCI President Suggests Changes To Tax Rules On Notional Income From House Property

PHDCCI president Saket Dalmia said that real estate businesses should be exempted from the tax burden of notional rental income as they are, in any case,...


02 January 2023
77% of potential buyers are looking to buy a property in 2023, Says NoBroker Report

77% of potential buyers are looking to buy a property in 2023, Says NoBroker Report

The respondents suggest that the major reasons for them to buy property were rents becoming more expensive, buying becoming more affordable and the security of...


22 December 2022
Nominee Cannot Spend Out Of Deceased’s Estate Unless It Is For Welfare Of Legal Heirs

Nominee Cannot Spend Out Of Deceased’s Estate Unless It Is For Welfare Of Legal Heirs

Know the rights and obligations of the nominee and the legal heir with respect to their rights on the deceased’s estate where the deceased dies interstate


30 November 2022
Headwinds To Moderate Mumbai’s Prime Residential Price Growth To 3% YoY In 2023: Report

Headwinds To Moderate Mumbai’s Prime Residential Price Growth To 3% YoY In 2023: Report

Globally, prime residential prices are expected to see a 2 per cent YoY growth in 2023, a moderation from the 2.7 per cent predicted about six months ago.


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17 November 2022
TDS Compliances That You Need To Follow While Buying, Selling House

TDS Compliances That You Need To Follow While Buying, Selling House

Here are the TDS compliances you will need to adhere to while buying or selling a house property.


07 November 2022
Home Sales Jump 24% In Q3, Thane, Pune, Bengaluru See Highest Growth: Report

Home Sales Jump 24% In Q3, Thane, Pune, Bengaluru See Highest Growth: Report

New house launches zoomed 11 per cent, while sales jumped 24 per cent in the third quarter, according to a report by real estate consultancy firm PropEquity.


28 October 2022
With High Rental Yield, Goa Most Preferred For Second Home Buying: Savills India

With High Rental Yield, Goa Most Preferred For Second Home Buying: Savills India

Goa witnessed an uptick in demand for second home purchases, given its high rental yield.


28 October 2022
Pros And Cons Of Investing In Commercial Real Estate

Pros And Cons Of Investing In Commercial Real Estate

Why commercial real estate investment could be a better alternative over other property options


03 October 2022
Mumbai Property Sale Registrations, Stamp Duty Collection Hit 10-Year High In September

Mumbai Property Sale Registrations, Stamp Duty Collection Hit 10-Year High In September

Real estate consultancy firm Knight Frank India said that Mumbai property sale registrations hit 8,628 units in September 2022, accounting for a 39 per cent...


17 September 2022
You Can Claim Deduction Of 30% From Rental Income

You Can Claim Deduction Of 30% From Rental Income

Income from let out property is taxable. One can also set off loss under “Income from House Property” up to Rs. 2 lakh against other income in the current...


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