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Real Estate Forum in India

Real Estate Property Discussion Forum and Guide to Real Estate Queries in India

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Q: As we all know that a tax deduction of Rs 2 lakh per year is allowed against payment of interest on home loans, if the house is acquired within 3 yrs of taking the loan.

Latest Answer: Yes, it is just making the buyers ineligible for the tax-deduction. It is a fact they would have known at the time of taking home loan. It is better to buy your own home than rent a property for yourself.
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Q: Why rental housing is the next big thing in the realty sector?

Latest Answer: Yes, and my only recommendation is that the government should fast track the process of preparing the Draft National Urban Rental Policy 2015 and Draft Model Tenancy Act 2015. Increase Tax exemption for rental income from 30 % to 50 % while giving woman headed households full exemption.
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Q: Anybody can explain whether we can buy a Panchayat approved land and the problems if we but it..
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Q: Home sales across the top 8 cities improved 7% y-o-y in the quarter to December 2015 while sales rose 15% on a quarter-on-quarter basis.

Latest Answer: Hi, But on the other hasnd, total new launches, across top cities decreased by 11% q-o-q to 67.1 million sq-ft. with Bengaluru witnessing the highest addition of 15.8 million sq-ft. The NCR witnessed 61% declining in new launches during the qtr.
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Q: Hi everyone,

Its Srinivas, I got recently shifted to Hyderabad and I was looking to buy a home of 3 bed room which should be near or surround to the Hitech City.

Can anyone suggest good residential place near Hitech City would be much appreciated.
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Q: I am interested in this property, could you please provide some more details
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Q: Hi,
I have booked the apartment at the rate of 3500 PSF 3 years back & have housing loan sanctioned from SBI for the valaue derived at that rate. My apaertment is due for registration now .

Can you please let me know the guidance value for apartment at Thubarahalli, Bangalore ( Class A builder).
If the guidance value is higher than the booking rate e.g a guidance value of 4500 PSF, do I need to register the apartment at this guidance value or I can do the registration at the rate apartment was booked.

Thanks,
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Latest Answer: What are the sizes od apartments available in JAYPEE BUDDH CIRCUIT STUDIOS II and what is the current rate per sqft quoted? Can you also guide me where exactly is the project located?
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Q: I have agreed a total value with the builder and am now told about the TDS rule. Should I be paying this or should I remove the TDS component when I pay the builder?

Latest Answer: As per the rules, the buyer of the property is required to deduct Tax (TDS) and deposit the same with the Government. The rate at which the buyer needs to deduct tax is 1% and it may go up to as high as 20% if the seller does not disclose his PAN. This rule also covers the property purchased through home loan.
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