Suburban real estate investment offers affordability, amenities, and higher returns, while city investments provide established infrastructure. Consider location, connectivity, and property type when deciding where to invest.
Hyderabad, named the most vibrant city globally in 2020, offers affordable real estate with excellent connectivity. Resale independent houses are a particularly attractive option, offering advantages like affordability, immediate possession, and quick loan approvals.
GST on flats is 5% for non-affordable housing and 1% for affordable housing, excluding Input Tax Credit. Under-construction flats have a 12% GST. Completed and resold flats are exempt. This impacts construction costs and simplifies the tax system.
NRIs face challenges selling property in India due to sales tax rules. Understanding these regulations is crucial for minimizing tax liability. Strategies include reinvesting the sale proceeds in a new property or utilizing the Capital Gain Account..
Investing in resale property requires clear goals and careful attention to location and documentation. Understanding challenges can ensure a wise investment.