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Calculating Capital Gains on Inherited Property: Essential Tips
Calculating Capital Gains on Inherited Property: Essential Tips When inheriting or receiving a property as a gift, there are specific tax rules to consider when calculating capital gains on a sale. Here’s a step-by-step look into how it works, based on a scenario where someone inherits a plot and plans to sell it: Determining Cost […]
Exciting News! Direct Flights from Chandigarh to Singapore, Istanbul and London
Passengers will soon have the convenience of flying directly from Chandigarh to Singapore, as Shaheed Bhagat Singh International Airport is set to launch this highly anticipated route starting October 27. This new daily flight is part of the airport’s upcoming winter schedule, bringing increased connectivity to the region. Ajay Verma, CEO of Shaheed Bhagat Singh […]
MultiOwner Secures Startup India Certification
MultiOwner is proud to announce that it has been officially recognized as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT), under the Startup India initiative. The certification, acknowledges MultiOwner’s innovative efforts in the Real Estate and Others sectors, as self-certified by the company. This recognition by the Indian government serves […]
Rajpura is poised for significant growth with the development of an manufacturing hub
The Punjab government has received approval from the Centre to establish an Integrated Manufacturing Cluster (IMC) on 1,102 acres in Rajpura, Patiala district. This project is a significant component of the Amritsar-Kolkata Industrial Corridor and aims to position Rajpura as a key hub for industrial and commercial activities. The IMC is expected to attract investments […]
Recent Changes in Capital Gains Tax for Real Estate in India
In the 2024 Budget, Finance Minister Nirmala Sitharaman proposed a reduction in the long-term capital gains (LTCG) tax rate on property sales from 20% to 12.5%, but this change came with the elimination of the indexation benefit. Indexation allows taxpayers to adjust the original purchase price of a property for inflation before calculating capital gains, […]
Chandigarh: 2-Coach Metro Rail To Be Introduced In Tricity; Check Routes, Stations
In a major development, the highly anticipated Tricity metro project is all set to witness a significant transformation with the introduction of a two-coach metro network under the proposed mass rapid transit system (MRTS) project. Rail India Technical and Economic Services (RITES) recently revealed the revised alignments, which were approved by all stakeholders. The forthcoming […]
DLF Privana West sold out in 3 days at over ₹5500 crore
DLF Privana West sold out in 3 days at over ₹5500 crore Located in Gurugram, the high rise and adjoining facilities cover 12.5 acres and 116.2 acres respectively. DLF Ltd, the country’s largest real estate company, on Thursday said, ‘DLF Privana West,’ — its latest luxury residency project — has achieved a sell out valued at ₹5590 […]
DLF’s NRI investment touches 23% of total sales in FY24, highest since FY21
DLF’s NRI investment touches 23% of total sales in FY24, highest since FY21 According to the data, the NRI share has witnessed a growth of at least nine percentage points in FY24 in comparison to the last financial year. The share of Non-Resident Indian (NRI) investment in total sales of Delhi NCR based real estate developer DLF […]