Search Results: property (3722)

Reports Union Budget 2024-25, Budget & Home Buyers, Home Buyers' Budget Reaction, Home Buyers' Budget Calculator, LTCG, Long Term Capital Gain Tax, LTCG without Indexation, Indian Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalist

Indians reject Union Budget; reasons beyond indexation benefit

To say that the Union Budget 2024-25 has left the vast majority of home buyers in India pretty dissatisfied would be stating the obvious. Even though the built environment of the Indian real estate might find its own silver lining with the given budget, the vast majority of Indians feel this budget is going to hit their finances hard. What comes as a shocker to the perception at large is the fact that their primary dissatisfaction is not limited to the removal of indexation benefits, as perceived by the analysts.

Advocacy Union Budget 2024-25, Budget and Real Estate, Real Estate Budget Demands, Real Estate Budget Wish List, Real Estate Budget Reaction, LTCG, Long Term Capital Gain Tax, STCG, Short Term Capital Gain Tax, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Real Estate Journalist

Why is Indian real estate applauding Union Budget 2024-25?

Understanding the mindset of Indian real estate has never been easy. The built environment of the Indian real estate could argue and demolish the best of consumer-centric reforms. Remember the way industry body CREDAI had called RERA prior to its inception, and that too in front of the then Union Minister Kamal Nath, builder harassment and public amusement bill.  But at the same time they celebrate the self-inflicted injury on many occasions. Track2Realty finds the overtones of the sector all the more contradictory with the Union Budget, before and after the budget.

Advocacy LTCG Tax, Long Term Capital Gain Tax, LTCG without Indexation, LTCG with Indexation, LTCG Amendment, LTCG Rollback, LTCG Calculator, Union Budget 2024-25, India Real Estate News, Indian Realty News, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalist

Why has real estate taken U-Turn with LTCG Tax rollback?

Immediately after the Union Budget 023-24, when Track2Realty had taken a principled position that it is going to hurt the Indian home buyers, many critics & self-proclaimed financial experts had questioned us. They were celebrating LTCG without Indexation and now very same set of people are again glorifying the dual option- with or without Indexation for deals before the Union Budget. How could one argue for both and against the motion? It is like batting for both teams in a game of cricket. Isn’t it?

Industry Movement Brand Ambassador Sunny Leone, Sunny Leone, Celeb Endorsement, Celeb Endorsement in Real Estate, Real Estate Brand Ambassadors, Celebrities Selling Homes, Celebrity Homes, Arihant Superstructures, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate News Website, Real Estate Journalists, World Villas

Sunny Leone is brand ambassador Arihant Superstructures

World Villas brings Scottish-themed architecture to Navi Mumbai, surrounded by natural forest trails and a scenic riverfront. The development boasts exclusive amenities, including the prestigious Club 10 Gymkhana which is inspired by renowned institutions like Bombay Gymkhana and MCA. This exclusive 50-foot tall gymkhana spans 2,00,000 square feet, spread over an expanse of 10 acres. It also features the grand ‘Hall of Fame’ arrival lobby which is 4000 square feet. This exclusive membership club features state-of-the-art facilities, including an IPL-size cricket ground, complemented by a private forest area with walking trails and tree houses.  Inspired by the iconic Lord’s and the Oval, the IPL-size cricket ground at World Villas is also home to the expansive Veranda restaurant, a training academy, and a sports shop.

Policy

Union Budget 2024-25: Removal of indexation benefits with capital gains hurts home buyers’ sentiments

As the Finance Minister Ms Nirmala Sitharaman announced to lower the LTCG (Long Term Capital Gains) from 20% to 12.5%, the stock market took a hit. The analysts across the financial spectrum immediately swung into analysis that the LTCG hike would adversely affect the stock market in the short term but big pocket investors won’t be affected as much as presumed. A section of financial wizards who understand the nuances of personal finance across the asset classes had even bigger a worry – Real Estate. Prima facie what looked like the LTCG being lowered from 20% to now at 12.5%, has in fact hurt the property market the most. Reason: the indexation benefit under Section 48 that is presently available for property, gold, and other unlisted assets have been now proposed to be removed.

Reports Luxury Housing, Mumbai Luxury Housing, Sotheby's, CRE Matrix, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate News Website, Real Estate Journalists

Mumbai’s INR 10 crore and above luxury residential units clock highest-ever half-yearly sales of INR 12,300 crore in H1 CY24

INR 3,500+ crore highest-ever recorded sales value in secondary/resale market in Mumbai with growth rate of 37% in H1 CY’24 compared to H1 CY’23. The top luxury micro-markets in Mumbai—Goregaon East, Worli, Mahalakshmi, Prabhadevi, Mumbai Central, Malabar Hill, Bandra West, Lower Parel, Tardeo, Byculla—have contributed to 80% of primary luxury sales by value in H1 CY’24. More than half of homebuyers in the more than INR 10 Crore luxury market belong to the 35-55 age category.

Reports Under Construction Projects, Ready to Move Property, Construction Linked Payment Plans, India Real Estate News, Indian Realty News, Real Estate News India, India Property Market News, Real Estate Journalists, Magicbricks, Propindex Report

Prices of under-construction projects increase 15.2% QoQ across top 13 cities: Magicbricks Propindex Report (April-June 2024)

Between April and June 2024, residential supply witnessed the highest growth rate in the last 24 months, driven by the increasing availability of under-construction properties, shared the recently published PropIndex Report (April-June 2024) by Magicbricks, India’s leading real estate platform. According to the report, the supply of under-construction properties has increased by 11.7% QoQ, while prices have risen by 15.2% QoQ between April-June 2024. This surge has resulted in prices of under-construction properties surpassing those of ready-to-move properties in several cities such as Gurugram, Mumbai, Noida and Thane.

Column

Real estate has toxic positivity problem worldwide

A recent report claims current sentiment index score of Indian real estate is 72. I wonder how! Who is going to believe this? Definitely not the home buyers at the receiving end of the builders with delay, default, unmet promises and what not. But this is not an isolated instance of one-odd such report. As a matter of fact, most of the reports by the brokerage firms (in the guise of consulting firms) and other industry stakeholders would like the home buyers to believe that if you don’t buy property now, you would be left behind. This unnecessarily creates a FOMO (Fear of Missing Out) in the minds of the gullible buyers. 

Consumer Connect

How do you assess the true value of your house?

The market price of property in India is not always in sync with its intrinsic value. The home buying experience of Rajesh Kalra, a professional in Mohali, soured at the time of possession. He had negotiated with the builder and till that point of time believed that with his negotiation skills he made a good bargain for the same. But once in the house he got to know through the neighbour next door that the other person bought at around INR 4 lakh lesser price.

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