KPMS India

06/02/2017

FM has proposed to restrict the loss on house property, which was allowed to be deducted (adjusted) from income under ‘other heads of income’ including ‘salary income’, up to Rs 2 lakh only. Experts say that the budget proposal of restricting the tax deduction on interest paid on rental property to Rs 2 lakh will definitely be a loss of opportunity for people buying home for rental income.

http://bit.ly/2kIOz1N

With the Modi government's stress on affordable housing and its resolve to provide 'Housing for All' by 2022, both realtors and homebuyers were looking towards the Budget 2017 with much hope.

06/02/2017

Capital gain tax period reduced to 2 years from 3 years, which means less tax for those who intends to sell a house after two years of purchase instead of 3 years.

http://bit.ly/2khMvLG

The land holder in any real estate project has to pay tax on the gains only once the project is complete.

14/01/2017

According to property brokers, postponing of purchase decision is benefiting rental transactions and the demand for rented houses has been going up across localities.

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Residential markets in Delhi, Bengaluru, Mumbai and Chennai have witnessed 8-12% rise in average rentals, property brokers said.

14/01/2017

The key parameter in determining whether to buy or rent a home is property cost vis-à-vis rental value.

http://bit.ly/2i5rvdp

ArthaYantra Buy Vs Rent Report 2017 looks at 12 cities across India to map where buying is affordable and where living on rent is more cost-effective.

14/01/2017

It is high time to tame the wild rumours and uniformed angst about the impact of demonetisation — and other macroeconomic and policy changes in 2016 — on the Indian real estate sector.

http://bit.ly/2iSwpXv

After note ban, a large number of buyers went off the market due to scarcity of cash and sellers can do little but wait. This will also result in the reduction of prices, thereby benefitting buyers

15/12/2016

With fewer people buying residential apartments in the wake of demonetisation, developers have started offering home buyers assurance of adjustment or compensation if prices go down.

http://bit.ly/2h8iLSs

Realty developers all over India are trying to provide stimulus to the market with price-guarantee schemes so that the industry gains.

15/12/2016

The Delhi I-T tribunal, this September, in the case of Renu Shamlal, held that: As the house property could not be let out owing to recession, the I-T officer should accept the `nil' value declared by the tax payer in her I-T return.

This decision has come at the right time as demonetisation may result in price corrections in the real estate market. With buying becoming an attractive option, those having a second house may find it difficult to find a tenant or may earn lower rentals. The fallout of this will be visible in the coming months and this is how the scenario may pan out for owners of a second house:

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With buying becoming an attractive option, those having a second house may find it difficult to find a tenant or may earn lower rentals.

15/12/2016

2016 brought good tidings to home buyers. A proactive government and vigilant courts took steps expected to bring down home prices, make housing market more transparent and cut down delays in delivery.
http://economictimes.indiatimes.com/articleshow/55750319.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

A clamp down on benami properties and courts' verdicts in favour of the buyers means that the system is gearing up to benefit the end-customers.

24/11/2016

The only way NRIs can deposit or exchange currency is either by coming to India or authorising someone in writing to deposit the notes into their Non Resident Ordinary (NRO) Account, provided they are able to send the money back home or it is in India.

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NRIs could run into difficulties if they possess discontinued currency notes amounting to a high value

24/11/2016

http://bit.ly/2gpJ57L

Following the demonetisation exercise of the National Democratic Alliance government, real estate experts of believe that prices in the secondary market will come down by as much as 30% in the next two quarters [...]

27/10/2016

14/09/2016

You may have wondered why certain realty projects, such as 'Worli 1973', 'W54' or 'Three Sixty West' are so named.

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A foreign name conveys a superior value proposition and an aspirational tag, says Ashutosh Limaye, National Director, Research, JLL India.