Find out how the recent budget proposals will affect your property sale or purchase
Real EstateBudget 2024Property SaleTax ImplicationsReal Estate NewsJul 24, 2024
The removal of indexation benefit could lead to higher taxes for property sellers, depending on when the property was acquired.
Sellers who acquired their properties in 2001 are likely to experience the maximum increase in taxable capital gains due to the removal of indexation.
Individuals planning to sell inherited property (acquired from parents after 2000) will face a higher tax liability due to the removal of indexation.
Individuals and HUFs still have the opportunity to invest in residential house property to avail tax benefits on capital gains tax on sale of non-residential assets (including shares) under Section 54F of the Income Tax Act, 1961.
Real estate experts say that it may not entirely lead to exodus of investment, as is being suspected.
Fractional ownership market expected to exceed $5 billion by 2030
Get the latest real estate news and business updates on DLF's Q1FY25 results, which saw a significant rise in profit and sales bookings.
Bollywood actress and politician Kangana Ranaut buys office space in Andheri for a whopping Rs 1.56 crore.
NBCC moves to develop and complete 17 stalled Supertech projects, benefiting 27,000 home buyers. The state-owned company has filed an intervention application in the Supreme Court, proposing to take over the projects.
Mumbai police heighten security measures in crowded areas following central agencies' terror threat warning. Temples and public spaces put on high alert.
Lodha Group has made a significant move in Pune's real estate market by acquiring a 2.82-acre land parcel in Hinjewadi, the city's IT hub. This strategic purchase, valued at ₹110 crore, highlights the growing importance of the area and the company's commi