KPMS India

The Delhi I-T tribunal, this September, in the case of Renu Shamlal, held that: As the house property could not be let out owing to recession, the I-T officer should accept the `nil' value declared by the tax payer in her I-T return.

This decision has come at the right time as demonetisation may result in price corrections in the real estate market. With buying becoming an attractive option, those having a second house may find it difficult to find a tenant or may earn lower rentals. The fallout of this will be visible in the coming months and this is how the scenario may pan out for owners of a second house:

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Will demonetisation reduce demand for rented properties? - The Economic Times With buying becoming an attractive option, those having a second house may find it difficult to find a tenant or may earn lower rentals.

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Secondary real estate market and land values to correct by 30% post demonetisation, say experts - Infracircle Following the demonetisation exercise of the National Democratic Alliance government, real estate experts of believe that prices in the secondary market will come down by as much as 30% in the next two quarters [...]

You may have wondered why certain realty projects, such as 'Worli 1973', 'W54' or 'Three Sixty West' are so named.

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Will you buy if a real estate project has an exotic name? - The Economic Times A foreign name conveys a superior value proposition and an aspirational tag, says Ashutosh Limaye, National Director, Research, JLL India.