Long-term capital gains tax: The Centre announced on Tuesday a significant decision that offers relief to homeowners regarding Long-Term Capital Gains (LTCG) tax on real estate. Homeowners will now given the option to choose between two tax rates: a 20% rate with the indexation benefit, or a 12.5% rate without indexation. This policy shift follows … Read more
FY24 was an interesting year with strong gains across markets caps and sectors. While the Nifty 50 Index was up 29%, the Midcap Index was up 60%, the Smallcap Index was up 70%, Nifty 500 Index was up 39%. The best performing sector was Realty, with the Nifty Realty sector gaining 133%, coincidentally this was … Read more
MUMBAI: In a bid to increase flow of credit to the real estate sector, the Reserve Bank on Friday rationalised the risk weightage to LTV (loan to value) ratio for all new housing loans sanctioned up to March 31, 2022. As per a notification issued by the RBI, new housing loans will attract a risk … Read more
ET Intelligence Group: The June quarter data on sales volume and financials of the real estate sector show that the pandemic has intensified consolidation in favour of listed large players. Slump in demand and lack of labour for construction activities led to a sharp decline in volume and revenue of realty companies but, some of … Read more
New Delhi: The Uttar Pradesh Real Estate Regulatory Authority ( UP RERA) has issued 1985 recovery certificates asking developers to pay Rs 595.25 crore as compensation to homebuyers in two years. After the permanent formation of UP RERA, the judicial work started on September 4, 2018. In two years, 28,020 complaints have been registered with … Read more