Depreciation is the gradual decline in an asset’s value brought on by damage, obsolescence, or other circumstances. Property depreciation is a decrease in value brought on by these elements. Depreciation of property in India has a big impact on taxpayers since it changes their taxable income and how much tax they have to pay.
Tag Archives: India
Impact on Real Estate Developers/Builders: Budget 2023-24!
Tags: IndiaUnion Budget 2023
The real estate market has been significantly impacted by the Indian Budget 2023–24, which was announced by the Finance Minister on February 1, 2023. The budget has included many significant initiatives targeted at advancing India’s real estate industry, which is a major contributor to economic growth. Here are some effects of the budget on real […]
An emphasis on affordable housing: Budget 2023–24!
Tags: IndiaUnion Budget 2023
The new policies outlined in the EU budget for 2023–2024 can undoubtedly aid in the Indian economy’s prospective growth. Affordable housing has declined due to rising input costs and also because buyers in this segment, primarily from the unorganized sector, are still uncertain about the were influenced by the pandemic. Chief Minister Awaas Yojana’s allowance […]
Union Budget 2023-24: Hits and Misses
Tags: IndiaUnion Budget 2023
The Finance Minister of India, Nirmala Sitharaman, unveiled the Indian Union Budget 2023–24 on February 1st, 2023, to mixed reviews from various economic sectors. While some of the budget’s statements have been hailed as successes, others have been criticized as failures. Here are some of the budget’s major successes and failures:
What is a Villament?
Villaments are a growing trend in India, and refer to standalone villas that are developed within the confines of an apartment complex. They offer a unique blend of the privacy and space of a standalone villa combined with the amenities and security of an apartment complex. Villaments, a modern fusion of luxury villas and apartments, […]
Report: Real estate investment increased by 32% in India
Real estate investment in India climbed 32% year over year to a record $7.8 billion, according to consultancy company CBRE South Asia Pvt Ltd. According to CBRE’s research, India Market Monitor 2022, quarterly investment in Indian real estate increased by 64% from quarter to quarter and by 115% from year to year, totaling $2.3 billion […]
About loan against property rentals!
Real estate is a valuable asset that may be a lifesaver in difficult times in addition to giving one a place to live. For instance, a homeowner in dire need of money doesn’t need to take out pricey personal loans; instead, they can use a home equity loan to get by during the financial crisis […]
India’s super-rich like to store their money in high towers, farms, and vacation homes: Sotheby’s
Farmhouses are often built on one to two acres of land and have an area of 4,000 square feet or more. Real estate is an appealing investment choice for high and ultra-high net worth professionals, with 61% planning to invest in property in 2023-24.
Budget 2023: The government is anticipated to prioritise rural development and infrastructure development.
Tags: IndiaInfrastructure
The next Union Budget 2023 will prioritise infrastructure and rural development as the government seeks to enhance long-term growth while focusing on budgetary reduction.
What Type of Land is Used to Build a Resort in India?
In India, the type of land used to build a resort can vary depending on the location and the specific requirements of the project. However, some common types of land that are used to build resorts in India include:
