KPMS India

FM has proposed to restrict the loss on house property, which was allowed to be deducted (adjusted) from income under ‘other heads of income’ including ‘salary income’, up to Rs 2 lakh only. Experts say that the budget proposal of restricting the tax deduction on interest paid on rental property to Rs 2 lakh will definitely be a loss of opportunity for people buying home for rental income.

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Planning to buy second home for rental income? Here’s how you’ll lose out as FM caps tax benefit With the Modi government's stress on affordable housing and its resolve to provide 'Housing for All' by 2022, both realtors and homebuyers were looking towards the Budget 2017 with much hope.

According to property brokers, postponing of purchase decision is benefiting rental transactions and the demand for rented houses has been going up across localities.

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Post demonetisation, rental demand may rise - The Economic Times Residential markets in Delhi, Bengaluru, Mumbai and Chennai have witnessed 8-12% rise in average rentals, property brokers said.

It is high time to tame the wild rumours and uniformed angst about the impact of demonetisation — and other macroeconomic and policy changes in 2016 — on the Indian real estate sector.

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Real Estate demonetisation: Measuring the impact After note ban, a large number of buyers went off the market due to scarcity of cash and sellers can do little but wait. This will also result in the reduction of prices, thereby benefitting buyers