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Monthly Archives: January 2016

Government should Make it Easy for NRI’s to Sell Property

Government should Make it Easy for NRI's to Sell Property

Government should Make it Easy for NRI’s to Sell Property NRI’s while selling a house are liable for Tax deduction nearly above 30% on the total gross receipt. For example you bought a home for 1 CR in 2005 and now you are selling it for 2 CR, the income tax department says the buyer must deduct TDS at an …

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Santacruz East – Witnesses Good Real Estate Movement

Santacruz East - Witnesses Good Real Estate Movement

Santacruz East – Witnesses Good Real Estate Movement When Grand Hyatt, Santacruz East opened its welcoming Gate in the Year 2004, the general thought was who will go to Santacruz East. But now, with BKC, Andheri Kurla CBD and the Commercial boom with the likes of JP Morgan in Santacruz East -Kalina, the real estate scene has changed. Santacruz-Chembur Link …

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Thane City – The Next Boom Town

Thane City - The Next Boom Town

Thane City – The Next Boom Town Thane for some of us may be a distant location, but this sister city of Mumbai is doing wonders when it comes to Real Estate. A few facts!!! Most of the Top Builders are present in Thane likes of Hiranandani Constructions Pvt.Ltd, Piramal Realty, Lodha Group, Acme Group, Kalpataru Limited, Dosti Realty Ltd, …

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Buying New Home – Heavily Taxed by Government

Buying New Home - Heavily Taxed by Government

Buying New Home – Heavily Taxed by Government Buying a Home today is getting more expensive, thanks to the Government various tax slaps on the Home Buyer. While the Ready Possession properties are available with No Additional Taxes, the New Home Buyer, who risks himself for few years has to pay Service Tax of Nearly 4.2%, Vat of 1% in …

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Navi Mumbai Property Market to witness traction in 2016

Navi Mumbai Property Market to witness traction in 2016

Navi Mumbai Property Market to witness traction in 2016 The New Year 2016 has brought a good ray of hope for the Navi Mumbai market. The News of Trans-Harbour Link to commence work has come in, the Airport cornerstone should be laid before Mid 2016, the Metro from Taloja to Belapur will begin by 2017 End, the track-laying works up …

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Government should be careful in Revising Ready Reckoner Rates

Government should be careful in Revising Ready Reckoner Rates

Government should be careful in Revising Ready Reckoner Rates In a significant move, the Maharashtra State Government has decided that the Ready Reckoner rates will now be calibrated each year on the 1st April 2016 aligning with the Financial Year. In most of the location across Mumbai, the Ready Reckoner rates are already very high or very close to the …

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