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Source: Live Mint I moved to New Zealand a few years ago and am now a citizen of the country. Before my marriage, I purchased a property in Varanasi with my father as a co-owner. I made all the payments, and the property was registered in our names. Given that I now reside in New…
Source: Live Mint Rent can be an additional source of income for salaried individuals who have invested in property. While real estate as an investment may have its challenges in terms of liquidity and high capital requirement, rental income can complement one’s salary. However, rental income is taxed at the individual’s slab rate. But there…
Source: Live Mint I want to prepare my will and donate everything to charity instead of leaving it to my children. I am 68 years old and a divorcee, with four children who are all well-off. Is there anything I should consider? —Name withheld on request We assume that the assets and properties owned by…
Source: Live Mint Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are innovative financial instruments that have emerged as pivotal investment avenues in India. As the country seeks to modernise its infrastructure and boost real estate development, these trusts provide a structured way for investors to gain exposure to these sectors. This article…
Source: Business Standard 3 min read Last Updated : Sep 24 2024 | 8:05 AM IST Stand-up comedian, rapper and singer Munawar Faruqui has recently purchased an apartment in a luxurious high-rise project in Mumbai. The property, located in the upscale neighborhood of New Cuffe Parade, Wadala, was acquired for Rs. 6.09 crore, according…
Source: Live Mint Despite the perennial rent versus buy conundrum, owning a roof over one’s head is by far the principal dream of all individuals. Given the upward trajectory of housing prices in India, a bank auction of distressed properties provides a unique window to purchase a property at a discount of up to 30%…
