How Will The New Remittance Law Impact Indian Real Estate Sector?
New remittance law will be in place from July 1, 2023 https://timesproperty.com/news/post/rising-demand-and-new-launches-fuel-thanes-real-estate-blid4772?offset=1
India Real Estate Investment
Here’s how you should navigate the luxury real estate market
This surge in demand is not limited to the primary market; even the secondary market is witnessing a scarcity of luxury and high-end properties across Delhi, Mumbai and Bengaluru. https://www.moneycontrol.com/news/business/real-estate/heres-how-you-should-navigate-the-luxury-real-estate-market-10889961.html
Understanding the tax implications on sale of property
When calculating capital gains on the sale of an immovable property, one crucial factor to consider is the cost of acquisition, which includes expenses of a capital nature incurred in connection with the purchase or completion of the property’s title https://www.moneycontrol.com/news/business/real-estate/understanding-the-tax-implications-on-sale-of-property-10885221.html
Residential real estate sales to grow by 8-10% in FY22-23: CRISIL study
The study included 11 large and listed, and 76 small and mid-sized residential developers; buoyant residential demand has resulted in robust sales growth in the past two fiscals https://www.business-standard.com/industry/news/residential-real-estate-sales-to-grow-by-8-10-in-fy22-23-crisil-study-123062100416_1.html
Time taken to close a property deal reduced dramatically by using emerging tech solutions
Cities like Greater Noida saw a 51 percent reduction in time for buying/selling an apartment, Ghaziabad at 44 percent, followed by Bengaluru at 41 percent. https://www.moneycontrol.com/news/business/real-estate/time-taken-to-close-a-property-deal-reduced-dramatically-by-using-emerging-tech-solutions-10828461.html
India calling: NRI investments in Indian real estate have doubled
The share of NRIs in the sales of premium and luxury products has more than doubled to 20 per cent, industry experts said https://www.business-standard.com/industry/news/india-calling-nri-investments-in-indian-real-estate-have-doubled-123060700429_1.html
Commercial Vs Residential: Know where to invest in real estate for best returns in 2023-24
By carefully evaluating the market conditions, conducting due diligence, and considering personal investment goals, investors can make well-informed decisions to maximise their returns in the dynamic real estate market of 2023-24. https://www.financialexpress.com/money/commercial-vs-residential-know-where-to-invest-in-real-estate-for-best-returns-in-2023-24/3127202/
Decoding NRI Real Estate Investment Hotspots In India’s Near Future
NRIs are well-positioned to benefit from this growth of the Indian real estate market. https://www.news18.com/business/nri-investment-in-india-real-estate-2-8064961.html
Home sales in Q4 best ever in 16 years
FY23 home sales best in last two decades, says a report FY2023 full year sales were also the best-ever annual sales in the last two decades, with sales of 878 million sq. ft (up 31% yoy) and realization growth of 11% yoy; sales value rose 46% yoy to Rs6 trillion, it said. https://www.financialexpress.com/money/home-sales-in-q4-best-ever-in-16-years/3124995/lite/?utm_source=Whatsapp
Karnataka plans 5 satellite towns to ease development load on Bengaluru
In total, there will be about 1,000 villas and more than 25,000 houses in the satellite towns. https://www.moneycontrol.com/news/business/real-estate/karnataka-to-construct-villas-five-satellite-towns-in-outskirts-to-reduce-pressure-on-bengaluru-10766451.html