Home | About Us | Contact Us | NRI Section | Login



Connect to Gurgaon propertis Facebook Follow Us On Twitter Subscribe Now Follow Us On Google plus

IREO

DLF

Emaar Mgf

Unitech

Vatika

Central Park

Tata Housing
Left Image 1
Gurgaon Home
Left Image 2
Gurgaon Original BookingGurgaon Origional Booking
Gurgaon New Projects
Gurgaon Residential Properties
Gurgaon Commercial Properties
Gurgaon Office Space
Commercial Original Booking
Gurgaon Industrial Properties
Gurgaon Warehouses
Gurgaon Rented Properties
Gurgaon Assured Return
Gurgaon Agricultural Properties
Gurgaon Farm Houses
Gurgaon Builders
Gurgaon Commercial Builders
Gurgaon Property Dealers
Gurgaon Maps
Gurgaon Real Estate
Left Image 3
Gurgaon Apartments / Flats
Gurgaon Society Apartments
Gurgaon Guest Houses
Gurgaon Villas
Gurgaon Real Estate Companies
Plots in Gurgaon
Huda Plots
Gurgaon Commercial Showroom
Gurgaon Udyog Vihar
Gurgaon IMT Manesar
Gurgaon Corporate Leasing
Gurgaon Property Price
Gurgaon Apartments For Rent
Property Documents
Gurgaon Circle Rates 14-15
Left Image 10


Gurgaon News  | Gurgaon Blogs  |  Gurgaon Article

Tax Incentives will Spur Housing Sector Economy
13/08/2014
In the proposed budget, Finance Minister is expected to encourage the housing sector economy with the increase of the tax incentives. Demand of housing may also get increase in the middle income category according to the proposed budget. This budget will encourage people to buy and invest in their own houses instead of investing in traditional choices such as lease and rent. Houses ranging from Rs 100,000 to Rs 150,000 will able to boost the demand of housing in the middle income group due to increase of amount of deduction for interest payment. however, tax incentives may not beneficial for elite club peopleas compared to middle class. Narinder Juneja from GurgaonProperties.net said that tax incentives will not so much helpful for the higher income categories.

He also added thatpeople will able to buy their houses range from Rs 1-2 million and this doesn’t matter to them while purchasing their houses in the higher ranges. The process of buying and selling of property seeks approval from the Income Tax department which comes under the removal of section 230 (A) of Income Tax Act. Registration of the immovable property valued at Rs 500,000 seeks clearance easily for the further growth. People who need to buy flat may have to face some inconvenience as there will be hurdle in seeking certification by the IT department as there has been no tax charge on the property.

From April 2001, the amendments had taken place in which the government has made the existing provision related to the house property measures. According to the house property measures ‘income from house property’is calculated after the deductions of one-fourth of annual value of repairing and constructing the property. Constructing, acquiring or repairing of the property has been replaced with 30% of the annual value.

Many research have also been conducted which suggested that the housing subsidies will raise housing costs.
Demand of housing increases which leads to increase prices and also raised the market. Low-income households will not get any kind of benefits from the tax deductions as they are unable to afford their own houses. Many measures have been suggested while keeping the excising budget in mind to imply further stable recovery in houses. After this impact can be seen in the Rs 1.2-1.5 million budget segment which also enhances the demand base for residential developments.

Some property management companies said that Municipal authorities can take suggestions from the finance minister to boost the 25% of annual value to 30%. This percentage is calculated under the taxable income from house property.

Source :http://www.gurgaonproperties.net






News Archive
E-stamping will make Registration of Properties Easier and Quick.
Election impact may hold back Mumbai, Gurgaon realty
HC scraps sale of 351 acres in Gurgaon to DLF
Dwarka Expressway - NCR’s Futuristic and Promising Situate
Ascott signs new Gurgaon property
Companies like Google, Linkedin turn office spaces into happy zones for their employees
signs on for second Gurgaon property in New Delhi, India
Ascott to manage first Somerset-branded property in Gurgaon, India
Was not allotted more than one HUDA plot
Tax Incentives will Spur Housing Sector Economy
Establishment of Smart Cities - A boost to the Real Estate Market
Maintaining a Line Between Nature and Human Life
New Gurgaon - Reason to Smile
Emaar MGF directed to pay Rs 2 lakh for increasing super area without consent
Property Prices Dip in Delhi. Good Time to Buy?
Builders hunt for cheaper land & technology to offer affordable housing
Delhi NCR accounts for nearly 60% of total expected mall space
Resolve Disputes through Arbitration
Decide Gurgaon farmhouse owners representation: HC asks police
Pay Lower Interest Rate on Home Loan
Over 50% Real Estate Buying Online
Time to Make Reverse Mortgage More Adequate
Streamline the Approval Process to Boost Realty Sector
Revenue and Panchayat Road will be on land owned by the builder
Resolve India’s Urban Housing Crisis by Integrated Township and Slum Demolition
Godrej Properties transfers stake in Gurgaon project to Shubh Properties
The Importance of Property Registration
Change of land use permission back in Haryana
Owning a farmhouse in city gets tougher
No stamp duty on property transfer in blood relations
Prevent Yourself from Tenant Trouble
Nation Highway (NH) 8 – A Perfect Location to Invest
EMERGING CORRIDORS OF GURGAON
Sector Awaits Booster Dose
ROUTINE MAINTENCE OF RENTED PROPERTY
NECESSARY TIPS ON SEARCHING PROPERTIES ONLINE
Immovable Property Gifts Attract Tax
Compensate Gurgaon farmers at current rates, court tells builders
HOME LOAN ELIGIBILITY CRITERIA IN BANKS
Good Returns Drive Residential Market
New Payment Plans to keep Property Market Steady
Real Estate Industry needs Successful Market Reforms
Important things to know for Maintenance of Housing Societies
VARIED CITIES OFFERING ADVANCE RENTAL MARKET OPPORTUNITY
Real Estate Industry Eagerly Waiting for Stable Regime
Gurgaon too has its Share of Problems
REAL ESTATE BUYERS EXPECTATIONS FROM NEWLY-ELECTED GOVERNMENT
Gurgaon-Sohna Road - New Hottest Hub of Property
Acquire Best Deals at the Time of Sluggish Economy
Steady Increase in Circle Rates, Gurgaon Real Estate on the Rise

Copyright© Gurgaonproperties.net, All Rights Reserved      Why Us | Career | Disclaimer | Sitemap | Testimonials | Email Us: info@gurgaonproperties.net