Whats New Urban Street shopping hub is shopping destination within Conscient Habitat78 Complex Sector -78 Faridabad.Shops Rate: Rs. 9750 per sq. ft. Shop Size: 250, 285 Sq. Ft.,*Inaugural Discount Rs 500 per sq. ft. Call: 9891700111 On: 21-Oct-2018, Terra Group, now proudly announces the launch Govt. Approved affordable group housing Terra Lavinium Sector 75, Greater Faridabad.2 & 3 BHK starting Rs 20.43 Lac. With 90% bank loan. Call Now: 9891700111 On: 08-Jun-2018, Puri constructions, now proudly announces the launch of G+2 Lavender independent Floors at Amanvilas Sector 89, Faridabad, 3 BHK Lavender independent Floors @ 40.95 Lacs. RERA approved project Reg. No. 120 of 2017. Call: 9891700111, 9911241699 On: 09-Jan-2018, Conscient Habitat, Sector 78, Faridabad- Application Amount for 2 BHK- RS.99,000/- , 2 BHK+ Utility – RS.- 1,28,000/- Total Cost for 2 BHK is Rs.19,91 Lacs 2 BHK+ Utility - Rs.25,68 Lacs. Call Now 9911241699 On: 09-Jan-2018, Invest 1 time & earn rent for life time. Omaxe Launches LEISURE & GAMING ZONE AT HI – FUN in WORLD STREET, Sec-79 Faridabad. Booking Amount 1 Lac , Assured return 10-11% P.A. Min investment 4 lac. 21 years lease rights. Call for more information: # 9891700111 On: 20-Nov-2017, Adore Realtech now Launches Happy Homes Exclusive Sector 86 Faridabad 3 BHK @ Rs. 26.33 Lac. With 90% bank loan. Call 9891700111 On: 30-Oct-2017, Puri constructions, now proudly announces the launch of Puri Amanvilas - Luxury Air conditioned Floors @ Faridabad starting Rs 52 Lac.Kitchen Cabinets and Bedrooms with Cupboards, Largest Room Sizes in ITS Class. Pooja Niche Attached to Living Room,Laminated Wooden Flooring in all Bedrooms. Apply Now ! 9891700111. On: 03-Apr-2017, Never Before Never Again Offer on AAGMAN by AGRASAIN SPACES,Haryana Govt Affordable Homes with "NO EMI TILL POSSESSION" Just Pay 5% on application,20% on Allotment & balance on Possession. Choose from a range of 1,2 & 3 bhk units...starting Rs 13.22 lacs onwards. Call 9911241699 for more details. On: 03-Apr-2017, After the Success of Happy Homes, Adore Group is coming up with new affordable project” ADORE HAPPY HOMES GRAND” at most prime location(NEXT to PURI PRANAYAM) in Sector 85 Faridabad. 2BHK & 3BHK @ 19.16 Lac. Application Amount: 2 BHK- Rs.1,05,000/- , 3 BHK – Rs.- 1,35,000/- (Approx) Bank Loan Available by all leading Banks. Call 9810933600 for more details. On: 23-Sep-2016, TDI Infracorp Ltd is coming up with “TDI THE RETREAT” Gated Residential Plots in Sector- 89, Faridabad. The plot size ranges from 241 Sq. yd to 500 Sq. yds . Price ranges from Rs. 22500/- to 25000/- per sq. yard. Booking Amount 10% of BSP. For more details Call: 9810933600 On: 12-Jul-2016, Mansha Group presents "MANSHA GREENS " on NH-2 Palwal with 15 months easy installments payment plan with free hold Plot size 138,165, 175,181 Sq Yd Inaugural Rate is Rs.12000/- per Sq Yd all inclusive. For more details Call: 9810933600 On: 20-Jun-2016, Vipul Plaza Faridabad Commercial Shops Sector 81, Faridabad. Vipul Plaza consists of Office Space, Food Courts and Retail space. For more details Call: 9891700111 On: 19-May-2016, Omaxsun Office Spaces Sector-79, Faridabad. Book your office space at the BSP of Rs. 5000* Per sqft. And avail Inaugural Discount of Rs. 250* per sqft. Effective BSP Rate Rs 4750*per sq ft. With Buy Back Guarantee from Omaxe at Rs. 5500 per sqft. & Assured Return of 12%* Call: 9810933600 On: 27-Feb-2016, Confirm allotment of 3 BHK HUDA approved Affordable housing project Auric City Homes Sector-82 Faridabad. Limited Units for short Period only. Bank loan available. Call:- 9810933600 On: 24-Oct-2015, Omaxe presents Royal Street Retail shops at Omaxe City Centre, Sector-79, Faridabad. BSP Rs. 5500 - Rs.8500 per sq.Ft. and Rs. 250 inaugural discount for very short period. 12% assured return. Booking Amount: First Floor: Rs. 2 Lacs, Ground Floor 2.5 Lacs .Call 9810933600 for more details. On: 10-Mar-2015, RPS Launches Infinia Executive Office / Scalable Spaces / Professional Office Essentia (Tower-4) & Oxy (Tower-5) at Main Mathura Road NH-2 Faridabad,Delhi NCR. Just 5 minute drive from South Delhi. BSP Rs. 6500/- Per.sq.ft Booking Amount 10% of BSP.Call 9810933600 for more details. On: 01-Mar-2015,
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Latest News
Budget aims to boost realty with tax exemptions for both homebuyers, developers 02-Feb-2019

 MUMBAI | BANGALORE: The Interim Union Budget for 2019-20 has provided a major relief to both homebuyers as well as realty developers with several measures aimed at lowering their tax incidence and burden. While the government has pushed the affordable housing agenda further, the proposals are also aimed at boosting the housing demand.

Prospective homebuyers can now buy two separate properties to avail Long-Term Capital Gain Tax (
LTCG) exemption on the sale of existing property. However, this can be availed only once in their lifetime.

Currently, homebuyers are constrained to buy one property of a bigger value to cover up the gains received through sale of existing property to avail this benefit. The finance minister’s proposal would offer flexibility to the homebuyers to split the gains in two properties and still avail the capital gains tax exemption.

Homebuyers keen on picking up second property for self-usage are also in for an exemption from tax on notional rental income from this property. The move is expected to push the second home or weekend homes market.

Affordable housing is expected to receive a fillip with the finance minister’s proposed extension of the benefit of 80IBA by one more year. Builders of such projects can now register their projects until the end of financial year 2019-20 as against 2018-19 to avail the exemption from tax on profits from these projects.

Budget 2019 positively surprised us with multiple amendments on Real Estate tax provisions. Extending the affordable housing tax holiday will certainly reduce the approval pressure on the developers and increase supply of such homes,” said Bhairav Dalal, Partner - Real Estate Tax, PwC India.

Under section 80 IBA of Income Tax Act 2016, developers of projects with houses up to 60 sq meter carpet area get deduction of 100% of profit derived from such business.

Realty developers can now claim exemption from unsold inventory tax for two years after the completion of their projects as against the current norm of one year. Currently, realty developers are expected to pay tax on notional rent on their unsold inventory after one year of completion of residential projects.

“The tax relief on the unsold inventory will benefit the builders more especially in the backdrop of large unsold stocks and muted demand. The sales and launch momentum in 2018 was mainly driven by affordable homes and the 
industry needs the push to continue as many measures related to affordable homes have been taken by the government,” Shishir Baijal, Chairman & Managing Director, Knight Frank India.

According to Niranjan Hiranandani, MD, Hiranandani Group, the aspect of tax on unsold inventory has caused a section of real estate developers to slow down on-going projects, as they are struggling with their unsold inventory and the new proposal will give them more time to handle the challenge of unsold inventory.

However, developers and homebuyers will have to continue waiting for a decision by the group of ministers on reduction of Goods and Services Tax (GST) rate on under-construction properties.

The Budget also proposed no tax on house rents up to Rs 2.4 lakh as against current limit of Rs 1.8 lakh and this, according to experts, can attract more investors to buy second homes for earning rental income.

Source: February 01, 2019 realty.economictimes.indiatimes.com

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