The Provident Fund (PF) is a government-managed retirement savings plan for paid professionals. It is managed by the Employees Provident Fund Organisation (EPFO), which is part of India’s Ministry of Labour and Employment. PF is a monthly system in which both the employee and the employer contribute equally to the PF account, i.e. 12 percent of the base income and Dearness Allowance (DA). The Employee Provident Fund (EPF) scheme’s purpose is to give employees with a lump sum payment when they retire. Employees can, however, take the sum before to their professional retirement, subject to certain rules and limitations. For example, an employee can withdraw PF funds to buy land, build a home, or buy a house. There are, however, … Read more
PropertyPistol Insight Team
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Near Palghar, New Housing Hotspots!
Tags: Locality Overview
The Mumbai Metropolitan Area has a sizable cheap housing sector. Palghar is well-known for its affordable options, connection, and social infrastructure. Yet, as land prices in Palghar’s central neighbourhoods rise, investors are moving their emphasis to more inexpensive places in search of larger profits. As per reports has identified five growing housing hotspots in Palghar!… Read more
How can I avoid paying capital gains tax on the sale of a home?
Tags: Tax Guide
Every property transaction is taxed, and capital gains tax is one type of tax imposed on property sellers in India. The government assesses this fee based on the number of years the owner owns the property before placing it on the market for sale. The tax is levied on the seller’s revenue from the property sale. Below is a breakdown for you to better understand it and provide you information on how to reduce capital gains tax on property sales.… Read more
Riding the Wave: The Rapid Growth of the Indian Real Estate Sector!
Tags: Real Estate
India’s real estate industry has been on a rollercoaster ride for the past decade. From the highs of 2012, when the industry was growing at a breakneck pace, to the lows of the demonetization drive and the implementation of the Real Estate (Regulation and Development) Act (RERA) in 2016, which left the industry reeling, the sector has undergone a major transformation. However, despite the challenges faced, the industry has shown remarkable resilience and has bounced back with a vengeance, riding the wave of growth that has swept across the country.… Read more
All About Vasant Kunj vs. Saket, Delhi: Locality Overview
Tags: Locality Overview
Delhi is a bustling metropolitan city with various localities that cater to different budget segments. Two popular localities that offer affordable housing options are Saket and Vasant Kunj. Let’s compare these two localities based on several factors to help you make an informed decision.… Read more
Five reasons why NRIs should think about investing in real estate in Pune, India
For Non-Resident Indians (NRIs) looking to invest in real estate in India, Pune is a city that should be on their radar. Located in the western state of Maharashtra, Pune is a vibrant city that is known for its IT industry, educational institutions, and cultural heritage. Here are five reasons why NRIs should consider Pune for realty investments in India.… Read more
India Developer Sells $1 Billion of Luxury Homes in Three Days!
Indian real estate developer, Macrotech Developers, recently sold $1 billion worth of luxury homes in just three days, in what is being touted as a record-breaking sale. The Mumbai-based developer, also known as Lodha Group, sold over 500 units in its latest luxury residential project, the World Towers, located in the upmarket Worli area of Mumbai. Here are some key factors behind the success of this sale.… Read more
Navi Mumbai Will Eventually Become The Next IT Hub!
Tags: Locality Overview
Navi Mumbai, located in the state of Maharashtra, is soon to become the next IT hub in India. The city is witnessing a surge in demand for office spaces and is attracting major IT companies, making it an ideal destination for businesses to set up their operations. Here are some key reasons why Navi Mumbai is on its way to becoming the next IT hub in India.… Read more
Everything to know about Raj Nagar Extension, Ghaziabad
Tags: Locality Overview
Raj Nagar Extension is an upcoming residential and commercial destination located in Ghaziabad, Uttar Pradesh. It is situated in the Delhi-Meerut Expressway’s vicinity, which is expected to improve connectivity to other parts of the National Capital Region (NCR) in the coming years. This location has emerged as one of the most promising areas for real estate investments in Ghaziabad due to several factors.… Read more
Will India’s real estate market be hurt by high housing prices and rising interest rates in 2023–24?
Tags: Realty News
The real estate sector in India has been one of the primary drivers of economic growth over the past few years. However, the sector is facing several challenges in the wake of the COVID-19 pandemic. One of the significant concerns is whether high home prices and rising interest rates will dent India’s real estate sector in 2023-24.… Read more
