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Tax planning for real estate investment |
| One of the most important rules for tax planning while buying a house property in India is that one should own only one house or a part thereof in the form of a flat or apartment particularly when it is meant to be used for self-occupation or dwelling by self or any member of his family. |
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Viability of BMIC project is doubtful, says expert |
| Even as the state government has announced to hand over the excess land allotted to Bangalore-mysore Infrastructure Corridor project to the previous land owners, Member of Mysore Ajenda Task Force and Mysore Grahakara Parishat President Maj Gen (Retd) S G Vombatkere has observed that the viability of the Rs. 2,000 crore project is doubtful.
“ The BMIC project has run in to problem with 2,500 acres excess land being acquired is not surprising, but to expect that its stillbirth will permanently deny a fast and safe link between Mysore and Bangalore is to belittle the effectiveness of doubling and electrifying the present rail link (cost Rs.500 crore) and the increased capacity of SH-17 after 4-laning and regarding is completed,” he points out.
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Looking ahead |
| Real estate will continue to provide investment opportunities in 2005. The momentum built over 2004 is likely to continue in the next year, provided there are no domestic or international shocks, said a recent Cushman and Wakefield (C&W) report. Residential properties witnessed a price rise of 50 to over 100 per cent in Delhi and its adjoining area. However, in the commercial and retail arena, there was price correction because of increased supply |
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