Welcome to Kerala's realestate properties

Are there Any Tax Benefits For Non-Resident Indians buying properties? Yes, there are tax benefits for non-resident Indians (NRIs) who are interested in buying property in India. NRIs are eligible for tax benefits under certain conditions on their income earned in India, including income from property rentals. NRIs are also eligible for tax exemptions on the sale of a property in India under certain circumstances. However, it is important to note that tax laws can change over time and may vary depending on the specific circumstances of an individual's situation. It is always a good idea for NRIs to seek the advice of a financial advisor or tax professional before making any decisions about purchasing property in India.

Union Cabinet approves draft Model Rent Bill for homes & commercial buildings. The bill will now be introduced in Parliament, including the proposals of the states. The main provision of the bill is that the authority will be constituted to regulate rent and to protect the interests of the building owner and tenant. All States and Union Territories should appoint an independent authority for the registration of lease agreements. The new bill provides for the establishment of special courts to resolve disputes between landlord and tenant. Disputes between the landlord and the tenant can be approached by the authority. The new law stipulates that only two months' rent can be purchased as a security deposit. When renting a building for commercial purposes, a maximum of six months' rent can only be purchased in advance. Central government sources said the new law would encourage more houses to be rented out. All States and Union Territories should appoint an independent authori...