Biggest problem of property owners

Q: Need your help please share your opinon which is the biggest reason of property loosing their rental income.

sandeep,

7th November 2017

Rentals in Saket, Delhi

properties

rental market in india

why rental market is going down?

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Replies (1)

Hello Sandeep,
Currently we are in a bear market cycle in real estate with an added price pull on the back of a structural change in the sector due to the setting up of a real estate regulator through the Real Estate (Regulation and Development) Act, 2016, the Benami Transactions Act, the anti-black money focus of the government and the use of Aadhaar to go after assets that are disproportionate to income. Because of those changes, property price are falling slowly and slowly.

Vibhor, Delhi

10th November 2017

Comment

Hi Sandeep,
This is due to the Budget 2017 which has brought bad news for people earning rental income because the government has restricted set off of "loss from house property" from other income flows to Rs.2 lakh. The balance loss is allowed to be carried forward to next 8 years. This is badly impacting the investor who invests in-house property mainly for earning rental income. Due to this proposed change there is a deferred tax benefit.

Asis Kumar, Delhi

10th November 2017