Real Estate

Uttar Pradesh Government New Initiative on Gift Deed, Property Transfers Easier within Family

Uttar Pradesh Government New Initiative on Gift Deed, Property Transfers Easier within Family

In a recent cabinet meeting led by Chief Minister Yogi Adityanath, the Uttar Pradesh government has approved a significant exemption from stamp duty for family-related matters concerning the distribution of ancestral property among family members. This means that now, when executing a gift deed, partition letter, or family arrangement/memorandum of agreement, the stamp duty to be paid is only Rs 5,000....

Indian Passport Holders Can Travel Visa-Free to 59 Countries

Indian Passport Holders Can Travel Visa-Free to 59 Countries

The Indian passport has been steadily improving in terms of its visa-free access. As of July 2023, Indian passport holders can travel visa-free to 59 countries. This means that Indian citizens can enter these countries without having to apply for a visa in advance. For years, obtaining visas for international travel has been a cumbersome process for Indian citizens. However, the situation has vastly...

Capital Gain on Sale of Property in India: Implications and How to Save

Capital Gain on Sale of Property in India: Implications and How to Save

If you are planning to sell a property in India, it is important to be aware of the capital gains tax implications. The amount of tax you will have to pay will depend on the type of property, the holding period, and the amount of profit you make on the sale. Types of capital gains There are two types of capital gains on the sale of property in India: short-term capital gains and long-term capital...

Investing in International Property: A Simple Guide to India’s Liberalized Remittance Scheme (LRS)

Investing in International Property: A Simple Guide to India’s Liberalized Remittance Scheme (LRS)

The Liberalized Remittance Scheme (LRS) is a government of India initiative that allows Indian citizens to remit up to $250,000 per year for the purpose of overseas investment. This includes the purchase of international property. The LRS has made it much easier for Indian citizens to invest in international property. Previously, there were a number of restrictions on overseas investment, making it...

Unlocking Hyderabad’s Potential: The Newly Opened Outer Ring Road (ORR) Offers Exciting Real Estate Opportunities

Unlocking Hyderabad’s Potential: The Newly Opened Outer Ring Road (ORR) Offers Exciting Real Estate Opportunities

The Telangana government has decided to lease out the 158-km Outer Ring Road (ORR) in Hyderabad to a private player for 30 years on a toll, operate, and transfer (TOT) basis. The ORR is an access-controlled expressway that encircles the city and connects major national highways. The government expects to get an upfront payment of around Rs 7,000 crore from the successful bidder, which can be used for...

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