As per current tax laws, for properties rented out, a borrower could deduct the entire interest paid on home loan after adjusting for the rental income.
As per the proposal, the owner can set off of loss towards second home against other heads of income up to Rs 2 lakh under Section 71 of the Income Tax Act.
According to the current tax norms, if a property is sold within three years of buying, the profit from the transaction is treated as short-term capital gains and is taxed according to the slab rate applicable to him/her.
On short-term effect on the sector through December-end, the Economic Survey 2016-17 said that "prices declined, as wealth fell while cash shortages impeded transactions".
The private placement of secured redeemable non-convertible debentures (NCDs) for a total amount of Rs 1,025 crore including green shoe option, will open on January 30, the company said.
Overall, Fitch Ratings has assigned a negative outlook to almost one third of the Asia Pacific (APAC) corporate sectors for 2017.
From application to refund, the Delhi Development Authority had this time planned to make the scheme an online affair to reduce the long queues of flat buyers at its headquarters.
The prospect of no longer having to pay rent, known as imputed rent, is often cited as a major incentive to owning a home.
The genuine buyers in the residential market, on the other hand, appear to be holding back their purchase plans on hopes that the interest rates would fall further and the property prices would plunge post demonetisation, which some see as a 'cleansing' of a sector infested with illicit funds.
Home sales in Bengaluru, which is seen as a resilient market, also fell 45 per cent in the October-December quarter as compared to the year-ago period.
Both REITs and InvITs are vehicles created to primarily invest in revenue-generating real estate/infrastructure assets.
Dhruv Agarwala, co-founder and CEO of PropTiger, will serve as CEO of the joint entity. Jason Kothari, CEO of Housing.com, has decided to move on to pursue other opportunities in the Indian internet space, the statement said.
An infrastructure investment trust (InvIT) is like a mutual fund that enables direct investment of small amounts from individual/institutional investors into infrastructure to earn a small portion of the income as return.
The house price to annual income ratio in Mumbai is 9. It should not be more than 4 at any point of time.
Under the 'Pradhan Mantri Awas Yojana', the urban poor people constructing houses will get up to four per cent subsidy on interest rate for constructing houses up to Rs 9 lakh. The interest rate subsidy will be three per cent on house construction cost of up to Rs 12 lakh, the Prime Minister said.
Multiple reports following the November 8 demonetisation have also said that there may be adverse impact on the real estate sector.
The domestic cement sector is likely to witness improvement in demand due to a pickup in construction activities and an expected favourable monsoon this fiscal year, a report by Reliance Securities said.
Under new law, developers won't be able to launch new projects before obtaining all approvals.
Sebi has put in place a new regulatory framework for municipal or 'muni' bonds.
The bill is designed to bring transparency and accountability to the realty sector.