Real Estate News

  • New Tax Return Form for the Join Property Owners

    On January 3, 2020, the Central Board of Direct Taxes (CBDT) notified that the property owners who own the property jointly would not be able to file their tax returns using the Forms ITR-1 and ITR-4 starting from the assessment year 2020-21. This also applies to the taxpayers who pay Rs 1 lac as electricity bill and Ra 2 lacs or more on foreign travels. The board also notified that the ITR-1 form would not be available to the individuals who have deposited more than Rs 1 crore in bank accounts.    The Income Tax department will soon release the new tax forms for the taxpayers that will be used in future. Returns in ITR-1 Sahaj can be fil...

  • SBI: If Builders Delay a Project, Home Loan Applicants are Bound to get a Refund

    Recently the State Bank of India (SBI) launched a scheme 'Residential Builder Finance with Buyer Guarantee scheme' for its home loan customers in which the bank guarantees the refund of the principal amount if a buyer fails to complete a project within the specified time. The scheme applies to those projects wherein SBI is the only lender.   SBI Chairman Rajnish Kumar stated in media that this scheme would help in boosting the struggling real estate sector while improving the buyers' confidence in the market. These loans will be given on the same rate and borrowers can request for a refund if the builder fails to deliver the pr...

  • Everything a Homebuyer can Expect in 2020

    After a prolonged slowdown in the real estate market, it is expected that the new year and a new decade will bring positive changes in the real estate sector of the country. We discuss everything that a homebuyer can expect in 2020.  Price correction: Even though the sales in the market have been slow, the prices of the properties haven’t seen any remarkable reduction. The overpriced or overvalued properties have seen some price correction, but apart from that, the price has more or less been the same. According to the reports, the prices of the properties have increased by 40 percent in some cities like Hyderabad. It is expected th...

  • Performance Expectations from the Indian Real Estate in 2020

    The previous decade has been a mix of highs and lows for the real estate. As we enter a new decade, there are expectations from the real estate of the country to revive after a prolonged slowdown in sales. However, some predictions can be made regarding the market and the sales in the sector. Property prices: Even though the real estate market has been seeing a lot of ups and downs, the costs of the properties have been more or less stagnant. The reason behind the same is that as the builders are struggling with less liquidity and limited funds, there is only a little window for the builders to reduce the price. Builders are relying on...

  • Selling your Property in 2020? Here are some few Handy Tips to Help You

    The slowdown in the real estate market has affected not only the sales of the newly constructed units but also the resale properties. In such times, finding the right buyer who will pay the right amount for your property is significant. The builders are offering considerable discounts and attractive offers to sell out their unsold inventory. The same is not the option for individual sellers. If they had to cut down their prices and give some attractive offer, then they will bring down their profit margin considerably.  Here are some of the tips for the seller to make sure that they price their property right and get the desired profit fro...

  • What NRI's Can Look Forward in 2020 in Indian Real Estate

    In terms of opportunities and sales, 2019 has been a year that has garnered mixed interest from the buyers. The prices of the properties have been stagnant, and with the country’s GDP falling to 4.5 percent, lowest in last six years, the buyers have been on the fence regarding their decision to buy the property or not.    However, some sectors of the real estate did show an improvement in sales. Around 40 percent of 230,000 affordable residential segments were sold last year. The second-highest share goes to the mid-segment with about 33 percent sales. The luxury and ultra-luxury, however, showed 10 percent overall sales in the real est...

  • What Can the Builders Learn from the Real Estate Scenario of 2019?

    The real estate sector of the country has been suffering for a while, and it has taken a toll on the builders. The rapid sales and demand for real estate projects started to decline after 2013. The introduction of RERA, GST and other laws relating to real estate has severely hit the sector. The potential buyers are now the fence-sitters and are waiting for the right time to invest in the real estate sector. If the builders were looking forward to some relief and improvement in sales in 2019, they were let down by the crisis involving the non- financial banking companies that started in late 2018.   With banks being extra cautious of who th...

  • What can Homebuyers Expect in 2020 in Terms of Real Estate?

    The new year is just around the corner, and as high hopes there are from the real estate sector, there are certain things that the buyers should be expecting in the coming here. We discuss them here for you.  1. Rates may hike: In cities like Hyderabad, Bengaluru, the prices of the properties have gone up by 40 percent in the last five years, and it is expected that the market will see some price hike next year. The price correction in the real estate market did not take place as it was expected, but for the overvalued properties, the buyer did witness some slight price correction.   2. Better home loan deals: The government has been...

  • Is the Hype Around the Real Estate Market Affecting your Property Purchase?

    The advice every real estate expert will give the homebuyer is to keep an eye on the market before taking a step in that direction. The prices in the real estate market have been mainly the same for a while with little fluctuation here and there. However, when one decides to invest in real estate, the price of the property plays an important role. The advice that one should be aware of the surroundings and the developments, the buyers can get obsessive, and it can take a wrong turn in the haze.  For example, after the real estate market saw a major slowdown in 2013, the buyers were in hopes that the real estate sector would see a major co...

  • Major Challenges Faced by the Real Estate Sector of the Country

    The real estate sector of India is not only a gold mine to resident investors but also the global investors. The price rise and promising good return in the future is the reason for its high popularity. However, Indian real estate suffers from many challenges that affect its impact. Contributing to 6-7 percent to the country’s GDP, the real estate sector of the country is going strong, even amidst the many challenges. Over the past few years, the real estate sector of the country has seen many reforms and introduction of laws to make sure that the country prime sector revives from the years of slow down. We discuss all the challenges ...

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