Real estate finance different from other assets
Finance is a branch of economics that deals with the management of money and other assets.
Finance is a branch of economics that deals with the management of money and other assets.
Real estate has emerged as the most preferred investment avenue for working professionals in non-metro centres vis-à-vis bullion and stock market.
Real Estate and Finance Minister seem to be at logger heads over the wants and needs of the sector. Interestingly when one proposes and the other disposes, both of them justify their stand in the name of “Aaam Aadmi”, the common man who is the consumer and the end-user. But in this cacophony of confusion the “Aaam Aadmi” is often found wondering as to who will ask for his wish list with Union Budget.
Value and Affordable housing remains a segment where government should definitely continue to provide developers with tax free status which was available earlier. Rather than restricting it to unit sizes as in the past of 1,000 / 1,500 sft per housing unit, the government could instead have a maximum per unit value of say Rs. 15 lakhs for units near Tier I Cities, Rs. 10 lakhs for Tier II Cities.
Various factors can negatively affect the value of one’s real estate assets. Being aware of these is an inalienable part of successful property investment.
In order to confuse and mislead the purchasers, the builders use various concepts like, ‘carpet area, construction area etc. The developer even includes area available for car parking and staircases as total area. The purchaser should pay as per the area that he actually gets. To ascertain the sum he can take the help of a surveyor.