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real estate sector

RICS

Indian Realty Heading For Trouble – RICS Report

Recent findings by the RICS reveal that India would require 4 Million Civil Engineers over the next decade but the equivalent average supply would be only 642 Thousand! The Royal Institution of Chartered Surveyors, claimed to be the mark of property professionalism worldwide, recently unveiled its research on “Real Estate and Construction Professionals in India […]

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Methods to Find the Valuation of Property or Apartment

A property valuation report is given to the property owner to indicate the condition of the house and how much it is worth in the market. The report helps a buyer as well as a seller in assessing the value of a property. Property valuation in India has gained pace with the rapidly increasing demand […]

Home Loan Amortization For Periodic Payments

Amortization is the process of clearing out your home loan by making periodic payments. Amortized loans are different from other loans due to the way the amount and the structure of each payment is determined. The word “Amortization” or amortisation comes from Middle English “amortisen”. This term means to deaden or kill, as in to […]

Service Tax On Purchase of Under Construction Property as per Budget 2010-11

The budget 2010-11 brought rude shocking and a lot of confusion to prospective home buyers. But don’t get too shocked, you won’t pay service tax on the entire amount. The budget has suggested 10 per cent service tax on construction. For the past one month, many city builders have been asking purchasers to start paying […]

Service Tax on Construction and Sale of Residential Property

As per the budget proposal for 2010-11, the finance ministry has suggested service tax on construction and sale of property. Service Tax is a tax levied on service providers in India. The objective behind levying service tax is to reduce the degree of intensity of taxation on manufacturing and trade without forcing the government to […]

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