In a significant move toward enhancing transparency and preventing property fraud, Pune’s property registration department in India is in the final stages of adopting blockchain technology. The implementation of blockchain aims to eliminate the duplication of online agreement documents and provide secure and reliable information to property buyers, government authorities,…
India’s Union Budget 2023 has introduced significant changes to tax collection on foreign remittances. The Union Budget 2023 has brought forth notable revisions to the Tax Collection at Source (TCS) on Foreign Remittances under the Liberalised Remittance Scheme (LRS). From July 1, 2023, the TCS rate on various types of…
Unit-Linked Insurance Plans (ULIPs) or Unit Linked Insurance Policy is a type of life insurance plan that offers a combination of life insurance protection and investment. ULIPS have gained popularity in India, attracting individuals who want both life insurance protection and wealth creation. What are ULIPs? ULIPs are a type…
Life insurance is an essential tool for financial security. In India, family is at the heart of our culture. Despite this, the penetration of life insurance is abysmal. “Life insurance penetration in India was 3.2 per cent in 2021,” says the Economic Survey 2022-23 (by the Indian government). “The penetration…
The Indian retail real estate segment is drawing real estate investors in India. In this article, Ramesh Nair, CEO & Country Head, JLL India, explores the current commercial property market investments in the retail malls and shopping spaces across the organized retail segment in India. After a few years of…