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Monthly Archives: January 2016

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

NRI Property Selling in India

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 approximate rate of nearly 30% which means, Rs.60 Lacs approximately …

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Santacruz East – Witnesses Good Real Estate Movement

Grand hyatt, Santacruz east

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 Road has also become a game changer …

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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, Piramal, Lodha, Acme, Kalpataru, Dosti, Rustomjee, Sheth, T Bhimjiyani, Neelkanth, Vijay Group etc. Thane is Near Slum Free Offers Excellent …

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Buying New Home – Heavily Taxed by Government

Under Construction Property Taxed Heavily

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 addition to the Stamp Duty of 5% in …

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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 corner stone should be laid before Mid 2016, the Metro from Taloja to Belapur will begin by 2017 End, the track laying work upto Ulwe through Seawoods is on way. All …

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Government should be careful in Revising Ready Reckoner Rates

Under Construction Projects Mumbai

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 transactions happening in the vicinity. The Ready Reckoner rates, …

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