The India Union Budget 2019 has brought some cheer to the real estate sector. The following aspects of real estate and property investments have been modified or amended to bring in a change: Long-term capital gains Notional rent from unoccupied house – two residential properties can be considered as self-occupied…
In the Budget for 20019, the Indian government has chosen to keep the existing income tax slabs unchanged. However, the government has introduced a tax rebate of Rs 12,500 to make the effective tax ZERO for those having taxable income up to Rs 5 lakh. In the tax slab of…
JLL, a leading international real estate consultancy, on 23 January 2019 announced the launch of its Residential Brokerage that will offer a bouquet of technology-enabled advisory and transaction services to home buyers and developers. The new brokerage arm will be led by Siva Krishnan. JLL has been present in India…
Mumbai, July 12, 2018: Piramal Realty announces the exclusive launch of the second tower at Piramal Mahalaxmi, its flagship project in South Mumbai. The newly launched Central Tower offers luxurious 3-Bedroom and 4-Bedroom private residences starting at 1,441 Sq. Ft. carpet area and INR 6.64 crore. This announcement comes soon…
— by Ramesh Nair – CEO and Country Head, JLL India While the implementation of RERA (Real Estate Regulations Act, implemented through state level Real Estate Regulatory Authorities) has been below target, it has indeed seen positive steps forward. The achievements of the past year should be seen in the…