In a first, Maharashtra Government is contemplating on waving off stamp duty on small homes. While the planned waiver is expected to offer relief to buyers of small and compact homes, the revenue collection gap will be filled by increased charges on larger apartments. The government will give up stamp duty, levied at 5% of […]
home buyers in mumbai Archive
March 14, 2016 10:00 am
Real Estate Bill – how it favours home buyers
The Real Estate Bill which was passed in the Rajya Sabha on Thursday largely seeks to protect the interest of home buyers, at the same time aims to bring more transparency, accountability and efficiency in a sector which has hitherto been fundamentally unregulated and unorganised. Delays in project delivery by developers, zero accountability on builders […]
February 26, 2016 6:00 pm
Home buyers lose 85% of tax benefit on delayed possession
Did you know that a tax deduction of Rs 2 lakh annually is permissible against payment of interest on home loans, if the house is acquired within three years of taking the loan? and, if the possession takes place after three years, the exemption reduces to a mere Rs 30,000 a year — a drop […]