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.