The death of Delhi-based businessman Bhuwanlal Singla, presented his four surviving sons with a moral and legal dilemma, involving their father’s multi-crore real estate holdings. In the wake of this family tragedy, the sons faced the most challenging situation related to property inheritance, as Bhuwanlal did not leave a will. Though there was no chance […]
Jobs and education opportunities are bringing more and more people to urban centres and gateway cities. India has a sizeable annual influx of rural to urban migration rate which was 4.5% in 2011. Jhong Khei from Manipur moved to New Delhi with an eye on his ambition of studying for the civil services exams as […]
Hyderabad-based businessman, Rajnish Tripathi has been tinkering with the thought of buying a property since December last year. He wanted to make sure that he invested when the time was right. It was when his friend and tax consultant, Senthil Srinivasan, convinced him that the property prices are more affordable now than at any time […]
Investment banker, Asim Zaveri and his wife, Anju picked a plush apartment in a sprawling gated community set on Banjara Hills, when they moved to Hyderabad from Mumbai. The Zaveris were won over by the vast stretches of planned lawns, impeccably landscaped avenues, and rows of gorgeous flowering trees — an abundance of lush greenery […]
For three generations, real estate has traditionally been a favoured choice of investment for Mumbai’s Jain family. The family’s youngest member, Navneet Jain, 32, also has property investments in major metro cities across the country. Speaking about the changes that GST has brought to the real estate sector, Navneet says that the revolutionary tax reform […]
“You should have contacted me once before selling the property,” businessman, Mahesh Srinivas’ accountant said. “As per your current tax slab, you will have to pay a tax of 30% on the profit you made from the sale of your property.” Astonished and taken aback, Mahesh, who sold his residential property within a year after […]
Ranjit Saha runs an automobile spare parts manufacturing business in Howrah, near Kolkata. Saha has installed the best equipment to make sure his products are top-quality and they are able to meet customer demands in the market. He is proud of the company he owns, and the turnover that his business generates. But sometimes things […]
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