Here’s How To Calculate Capital Gains Tax Post Budget 2024
The 2024 Union Budget of India has introduced sweeping changes to the capital gains tax framework, impacting a broad spectrum of taxpayers with investments in stocks, mutual funds, real estate, bonds, gold, and more. The primary goal appears to simplify the calculation of capital gains, which was previously complicated by varying tax rates, holding periods ranging from 12 to 36 months depending on the asset, and rules around cost indexation. This revision aims to streamline the entire process for better clarity and ease of compliance.
Goa’s Luxury Real Estate Boom: A new hotspot for high-end homebuyers
Goa, a beautiful coastal state on India’s west coast, has always been a popular tourist destination. But lately, it’s become a hot spot for a different kind of visitor: the luxury home buyer.
Goa, India’s hottest beach destination, transforms into a premier real estate hotspot
Goa’s appeal is now extending beyond holidaymakers and retirees. Real estate developers from across the country are gearing up to launch projects in the popular holiday destination, led by high demand from wealthy individuals and non-resident Indians.
Work-from-a-Second-Home Trend in Goa Boosts Property Investment and Rental Yields
The rise of remote work has significantly reshaped the real estate landscape in Goa. Traditionally known as a holiday destination, Goa has now become a preferred location for professionals seeking a blend of work and leisure. The increasing demand for high-end villas and apartments, particularly in scenic areas of North Goa, has led to substantial rental yield growth for investors.
Strategies To Pay Off Debt By Investing In Real Estate
Investing in property can be a powerful way to achieve financial freedom, especially if you’re struggling with debt. By leveraging real estate, you can create income, build equity, and ultimately work towards eliminating your financial burdens.
Goa’s Second Home Market Thrives with 5-8 per cent Rental Yields
Second homes are a compelling opportunity in Goa’s luxury real estate market. Not only are they generating attractive rental returns, but there’s also a surge in demand, particularly for gated coastal villas and large apartments with ample bedrooms. This trend is being driven by millennials seeking idyllic getaways and NRIs capitalising on currency advantages.
A home in Goa takes you away from fast-paced city life for an extended vacation
Due to the host of favourable factors, people from other states and even NRIs living in the developed nations are allured by Goa’s peaceful living conditions and are motivated to own a second home here. That’s why holiday homes are gaining popularity along with ongoing infrastructure development, booming startup culture, and the formation of Special Economic Zones. These factors have boosted industrial growth and investment in the real estate sector.
Investor Interest In North Goa Takes Off Due To MOPA Airport
Investor interest has taken off because of the Rs 4,494.6 crore Manohar International Airport that has come up at Mopa. The new airport has been a game changer, enhancing connectivity and attracting substantial interest from major real estate firms and investors.
Budget 2024: Will affordable housing finally receive the boost it needs?
Indian housing sector saw growth in sales and launches in FY23-24, but affordable housing segment declined post COVID. What is need is reviving incentives like credit-linked subsidy scheme and 100% Tax Holiday for developers to stimulate demand and supply in affordable housing sector.
Young professionals are now investing in Goan real estate
Young professionals find the Goa market attractive for property investment; Gated villas in Grade A locations command a rental yield of 5-8%. Buyers for second homes are not only end buyers but retail investors seeking both rental returns and capital appreciation.