Apartment on Resale and Tax Benefit on Capital Gain Tax

Real estate has traditionally been an avenue for considerable investment for High net worth individuals, Financial Institutions and for individual looking for viable alternatives for investing money. Money invested in real estate will give stable and predictable income returns. In last few years, the Silicon Valley has grown rapidly. 

 

The lifestyle, demographics and job opportunities have attracted many people from all over the world. With this good property in prime locations of Bangalore has also surged. Many people are investing in real estate just to cash on future increase in price of real estate and some are buying the property for their own living. There are so many apartments on resale in Bangalore available for those who are looking for ready to move in homes.

In last few years, there has been an increase in demand of luxurious houses in Bangalore. So, many people who have luxury houses and they want to shift in apartments are putting their house on resale. In this way they earn on capital gain tax on sale of property. This is a tax benefit in which tax is deducted on the profit earned.

If anyone wants to buy an available apartment for resale, they should always keep some factors in mind to make their deal profitable. On selling or reselling the property the seller will gain tax benefit of Capital Gain Tax on sale of property.

Things to Keep In Mind While Buying a Resale Property

After living in a rented house for so long, have you decided to buy an apartment of your own? The choices are many for you served on a platter. If budget is not the problem then you can go for buying a new house otherwise, there are so many choices available in flats, villas, and apartments for resale in Bangalore. If you already have a house but want to change it because of any reason, then there are many tax benefits also which you can gain such as Capital Gain tax. It is a tax which is realized on the profit earned by selling an asset on the price above then the purchase price. 

If you are looking for a property that is ready to move-in and without any hiccups- hen this is the best choice for you.There are some things which you should keep in mind few things to make your investment fruitful for many future years. These are:-

1) Location selection- Always look for the location where the property is situated and property prices in that area. Many times, the property prices are too high for the area it is situated in. there are so many apartments for resale are available in Bangalore and in prime locations.

2) Facilities available- Keep a check on the amenities provided by the seller with the property. Make sure that all basic facilities are provided.

3) Security in the area- Security is one of the important points in your checklist. Make sure that the area has taken appropriate security measures.

People who are looking for selling their houses first, they should gain full knowledge of Capital gain taxes they can avail tax benefit.

Concorde- A Luxury Space for Better Living in Modern Serenity

Concorde group was one of the oldest groups developed at time when real estate industry was in infancy and one of the popular names in builders association in Bangalore, when allot was left to desire from developers and government, two popular visionaries came together for redefining the industry with its stylish and charming looking apartments, flats having beautiful front yards and backyards where flower blossom and a proper green environment serenity experience is provided by the famous name Concorde Developers.

Concorde developers are providing beautiful Balconies and small yards with sensing a desperate need for quality and aesthetics in the real estate business, modernized apartments with CCTV’S and automatic facility with digital reference ideas in minds, also with secure security systems are provided to their clients, bringing their years of valuable experience and a keen sense of design and aesthetics to form The Concorde Group reviews, this company a concorde group projects was set up in 1998 and in just a decade and a half has developed over 18 million square feet of residential spaces, keeping in line with the rocketing growth of the IT industry in Bangalore with huge Experience and knowledge along with able administration and business acumen formed the perfect launch pad for the group to take off and as they say, since then there has been no looking back.

Why You Should Invest In Real Estate- Here Are the Reasons

Beside creating amazing profit and wealth in real estate, and having a place call it a home, real estate investment is lucrative. Real estate is lucrative and also investors can take benefit of saving capital gain tax on sale of property. Read some of the reasons which play a special role for the novice investor.

• Safe investment- When we use timeline of real estate market to other investment, it is easy to notice that real estate continuous to increase the value in return over time without any serious instability. It is guaranteed that an investment in real estate guarantees a profit over time. And now with many modifications done in this direction, saving tax on long term capital gain is also an added advantage to the investors.

• Anyone can invest in it- Real estate is such a profitable field that it opens doors to countless novice investors every day. There is a need of some market knowledge and expert’s advice which can turn anyone into a successful investor in real estate market. The key is to continue learning and monitor market conditions. Investors should also pay attention to tax modifications which takes place on regular basis. Saving capital gain tax on sale of property is very popular but many investors are not aware of this.

• Tax benefits: As discussed in above point also, there are many tax breaks which are favouring real estate investors. People are not aware of the benefits they can avail on investment in real estate like saving tax on long term capital gain and short term capital gains.