KPMS India

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

Planning to buy second home for rental income? Here’s how you’ll lose out as FM caps tax benefit 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.

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

Union Budget 2017-18 makes real estate more affordable - The Economic Times The land holder in any real estate project has to pay tax on the gains only once the project is complete.

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

http://bit.ly/2in8fbk

Post demonetisation, rental demand may rise - The Economic Times Residential markets in Delhi, Bengaluru, Mumbai and Chennai have witnessed 8-12% rise in average rentals, property brokers said.

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

http://bit.ly/2i5rvdp

Home loans are becoming cheaper: Should you buy or rent a house? - The Economic Times 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.

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

Real Estate demonetisation: Measuring the impact 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

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

Will compensate buyers if property value falls, assure builders - The Economic Times Realty developers all over India are trying to provide stimulus to the market with price-guarantee schemes so that the industry gains.

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:

http://bit.ly/2hoELse

Will demonetisation reduce demand for rented properties? - The Economic Times With buying becoming an attractive option, those having a second house may find it difficult to find a tenant or may earn lower rentals.

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

Year-end special: Four cheers for home buyers in 2016 - The Economic Times 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.

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.

http://bit.ly/2fsfTLv

Demonetisation: Stricter norms for NRIs NRIs could run into difficulties if they possess discontinued currency notes amounting to a high value

http://bit.ly/2gpJ57L

Secondary real estate market and land values to correct by 30% post demonetisation, say experts - Infracircle 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 [...]

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

http://bit.ly/2cob6cy

Will you buy if a real estate project has an exotic name? - The Economic Times A foreign name conveys a superior value proposition and an aspirational tag, says Ashutosh Limaye, National Director, Research, JLL India.