Real estate news

  The Finance Minister (FM) has recently announced a significant change in the taxation policy related to property sales. The indexation benefits, which are used to adjust the purchase price of an asset for inflation, will no longer be applicable for properties purchased after the year 2000. This means that only properties bought before the year 2000 will be eligible for indexation benefits, and there will be no further indexation advantage for properties acquired from the year 2001 onwards. Also Read:-  What Are The Government Taxes on Property Purchase in Mumbai What is Indexation? Indexation is a crucial method used in calculating capital gains tax, aimed at reducing the tax liability by adjusting the purchase price of an asset to account for inflation. The Cost Inflation Index (CII), which is a government-published figure, is used to reflect the increase in prices over time. By applying indexation, the purchase price of an asset is effectively increased, thus lowering the ...

  In a remarkable addition to his real estate collection, the versatile actor R Madhavan has recently secured a lavish apartment in Mumbai’s prestigious Bandra Kurla Complex (BKC). This new acquisition, worth ₹17.5 crore, showcases Madhavan’s taste for luxury and his investment acumen. The New Abode Madhavan’s new home is situated in the upscale residential complex, Signia Pearl. Spanning approximately 389 square meters (4,182 square feet), this ready-to-move-in property comes with the added convenience of two dedicated parking spaces. Signia Pearl is known for its opulent 4 and 5 BHK apartments, designed with the innovative concept of ‘Venetian Suites’. This design allows for interior walls to subtly disappear, creating expansive, interconnecting living areas that offer a seamless blend of space and style. A Hub of Luxury The Signia Pearl residence is a testament to modern luxury, featuring an array of high-end amenities that cater to a sophisticated lifestyle. The project is meti...