To Buy Land for Real Estate Investment sounds very logical decision. Land is a scarce resource, no one can generate parcel of Land. The supply of land is very limited with many buyers vying to buy Land. For Vertical Expansion, builders can increase the no of floors in apartment but for Horizontal Expansion, Land is required. Delhi is typical example wherein due to scarcity of Land, Last year Govt allowed to increase no of floors in certain areas for vertical expansion of city. Another example is Mumbai, currently no land is available for horizontal expansion. In India, people buy land to meet ... Read More
8 Tips to invest in Premium Property
In this post we will discuss Tips to invest in Premium Property. Purchase of Premium Property is a big Taboo in Indian Society. Last weekend, one of my friend invited me for house warming. It was 4 BHK condominium and i must admit, it was rightly tagged as Premium Property by the builder. During the party, my friend was not looking happy despite a 5 Cr purchase. When i asked him, he replied "Instead of buying 1 premium property i could have bought 5 units of 3 BHK apartments within same cost". I bowled a googly and told him that he could have bought 10 units of 2 BHK or 18 units of 1 BHK. ... Read More
Under Construction Property – 7 Important Points
Under Construction Property is most profitable for builders as they charge hefty premium on same compared to prevailing Market Rate. In my post Resale Flat or Under Construction Flat - Which is better? i highlighted pros and cons of both Resale & Under Construction Property. Though i am not concluding either in favor or against under construction property but i would like my readers to take informed decision to avoid future shocks. At the end of the day, its your hard earned money. Before you sign below the dotted line, Please go through following 7 critical points related to Under ... Read More
Possession Linked Payment Plan
In my previous post i discussed Why Under Construction Projects get Delayed? In continuation of same, lets find out how Possession Linked Payment Plan help to reduce the risk of project delay. Currently the most popular payment plan for property purchase is Construction Linked Payment Plan in which certain % of payment is released as the project progress i.e. at every stage of construction. Construction Linked Payment Plan is mutually beneficial for both buyer and the builder. In my opinion, It favor builder as 90% payment is released when super structure is ready. Possession Linked Payment ... Read More
Why Under Construction Projects get Delayed?
The biggest worry of any buyer in Under Construction Project is delay in Possession of flat. Lets take the case of one of my reader Mr. Rupesh Shah from Ahmedabad who sought my advice in this regard. He booked a flat in 2008 from very reputed builder in Ahmedabad. Builder promised possession of flat by 2010, when Mr. Shah was planning to get married with his childhood love. The couple wanted to start their new life in new house. In 2014, the couple is blessed with 2nd child but still they are awaiting possession of their dream house. Mr. Shah's case is not an isolated case but very common ... Read More
How to Deduct TDS on Property Sale u/s 194IA
TDS on Property Sale is one of the progressive steps to regulate the real estate sector. Last decade or so has seen lot of reforms in Real Estate sector like computerization of land records, it's now mandatory to quote PAN for property transactions & historical judgement by Supreme Court to ban all property transactions through Power of Attorney. Despite all such efforts still 40% property transactions don't carry PAN details & almost all property transactions are undervalued / under reported. To fix this anomaly, In 2013-14 union budget Govt introduced section 194IA. Under this ... Read More
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