Starting April 1, 2023, long-term capital gains tax exemption towards buying residential units will be capped at Rs 10 crore, according to the amendments made to Section 54 and 54 F, as announced in … READ FULL STORY
Global buyers (NRIs and HNIS) find Mumbai property far more attractive than Bengaluru, according to Track2Realty’s Global Buyer Report 2020. Contrary to the brand rating study of Track2Realty, where five out of the top … READ FULL STORY
Non-resident Indians not paying taxes in any foreign country will now be taxed in India, the Union Budget for 2020-21 has proposed. At present, if an Indian or a person of Indian origin managed … READ FULL STORY
The market dynamics for the residential luxury segment, are different from other asset classes, primarily due to the target end-user segment and their expectations from such assets. Owning a prime piece of residential real … READ FULL STORY
Rajeev Sood was negotiating for a sea-facing luxury property in Mumbai, at a whopping price of Rs 50,000 per sq ft. However, before he could close the deal, a business trip to Dubai completely … READ FULL STORY
The number of high net worth individuals (dollar millionaires) in India grew by 20.4 per cent to 2.63 lakh people, while their collective wealth grew by 21 per cent to over USD one trillion, … READ FULL STORY
The Indian real estate market, which was at its lowest level in the past four to five years, has witnessed a recovery in 2018, owing to greater transparency and greater consolidation, says a report … READ FULL STORY
Whether the price is Rs 2.5 crores for an apartment at Marina ONE in Kochi or Rs 50 crores for an apartment at Omkar 1973 in Mumbai, affluent Indians would not mind shelling out … READ FULL STORY
As the number of high net worth individuals (HNIs) increases in the country, real estate developers too, have reinvented themselves to try and cater to their needs. However, misconceptions still exist, about what truly … READ FULL STORY
A survey by Track2Realty in 2014, among NRIs, HNIs and other wealthy and influential investors, found that Singapore, Malaysia, New York, Sydney, UK (London) and the Middle East (Dubai), were the preferred destinations for … READ FULL STORY
