Various factors might have led to value appreciation for India's housing market, but the sector achieved impressive levels of growth in 2022 amid a change in buyer outlook towards immovable assets in the post-pandemic era, says the Economic Survey 2022-23. According to the Survey, tabled by Finance Minister Nirmala Sitharaman on January 31, 2023, the sector has witnessed resilient growth in the current...
Unsold housing stock in India's mega housing markets has declined significantly due to strong sales momentum, driven by strong housing demand. Economic Survey 2022-23, The unsold inventory at the end of 2022 stood at 8.5 lakh, with 80% of the stock under various stages of construction, said the survey citing PropTiger data. Citing PropTiger data tabled in the Lok Sabha on January 31, 2023, by Finance...
Whether you're looking to downsize or adopt a simpler lifestyle, there are plenty of low-cost little house You can choose the design. Requiring very few materials and a very low budget, these designs are great for both your wallet and the environment. As a bonus, the tiny houses are adorable. Low-cost, compact home designs focus on effective space optimization, making the home appear larger than it...
The government issues revenue stamps to collect taxes for the delivery of certain services. Similar to postage stamps, revenue stamps are a type of label issued by a government to collect taxes or duties and are used in documents, such as cash receipts, tax payment acknowledgements, rent receiptetc. As per the Indian Stamp Act, 1899, a 'stamp' means any mark, seal or endorsement made by any...
House Rent Allowance (HRA) is usually a part of an employee's salary. In case, tenants are paying more than Rs 3,000 as monthly rent, they will have to show proof of payment of rent recent receipts, It is important to claim tax deduction against HRA component of your salary. Therefore, your employer insists that you produce documentary proof of paying rent every quarter, failing which a huge...