Union budget of year 2017 proposes many positive measures for the sector of real estate. Infrastructure status for affordable housing will decrease the cost funding for builders, the pros of which builders can pass on for the purchasers. Capital gain tax duration has been reduced from three years to two years and it means les capital gain tax for the person who want to sell houses in period of two years rather than three years. The land holder in any project of real estate need to pay tax for what they are gaining once the full project is complete. Few years back the land holder required to estimate the land price when entering the agreement with the builder and pay tax on notational gains. But as of now payment are deferring and this highly encourage many land holders for entering the development with realtors. It also would boost the properties supply and thus the positive for home purchaser.
Many discounts offered by the developers:
Offers from developers have been generally steps to drive the sales volume as well as to clear unsell the inventories or to give some force for the fence sitter to take the decision in real estate investment. Irrespective of done by the builders, people shouldn’t forget to assess these offers quality and to exercise diligence before purchasing or investing. People must wary of taking offered discounts at the face value, instead of seek for a hidden charge. Any individual must check if discount has been only on a carpet area or the super built-up area. Once developers started to delay the projects then customer will bear liability of loan behind beginning interest-free moratorium period. So that customer should negotiate the interest free until the possession is received.
Essential services for the owners:
In a survey, assisting owners sell or rent property is needed and the services that are considered the most significant are legal services, listing packages and property astrology. Another important requirement indicated by the owners are the property valuation and personalized services involved shortlisting of buyers, customized property list. Getting professional service means making themselves free from rigmarole of seeking for buyers. Other benefits which can be enjoyed involve obtaining high visibility banner on the specific city pages. Services like property valuation, professional photoshoot and availing the property tagged to add the creditability, etc. If people are investor or owner, they must opt professional services to know accurate information on the sector of real estate. Choosing quality professional will help people to improve their business if people are owner or give some knowledge if they are buyer.