Real estate is one of the popular investments these days. More and more people are investing in property for the residential and commercial purpose. With emerging time, options for real estate investment in India have been coming up as the most profitable ones in the market. Keeping in mind the growing economy of the country, many NRIs are buying and investing in real estate to resettle here. Now, people are aware of various tax benefits which they receive when they invest in Real estate. Capital gain tax on property is one of them. In this, the profit realized on a sale of an asset that was purchased at the cost amount lower to the amount realized on the sale of the property is taxed. This capital gain tax is classified into 2 types: Long term capital gain and short term capital gains.
Options for real estate investment in India has a wide range such as lands, apartments, villas, flats, penthouses, fully furnished commercial space, resorts, shops etc. The investment in real estate is promising. Whether you are looking for a residential complex, apartments, flats, villas or any property for investment purpose, you will get everything here. And the capital gain tax on property is the new breeze. This is definitely one of the important aspects to consider while investing in real estate and especially you are buying a house with the thought of selling it in future. There are some exemptions in Long Term capital gains and short term capital gains which investors can avail while paying the tax.
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