#Credai Bengal

[credaibengal]

CREDAI Bengal: Your Trusted Partner in Bengal Real Estate

Buying a home is a significant milestone in one's life, and navigating the real estate market in Bengal requires careful planning and consideration. With a multitude of options and factors to weigh, it's essential to approach this process with informed decision-making. Here are some expert tips to guide you through the journey of buying home in Bengal.

1. Define Your Budget and Priorities

Before embarking on your home-buying journey, it's crucial to establish a clear budget. Factor in all associated costs, including down payments, registration fees, and additional expenses. Identify your priorities, such as location, amenities, and proximity to essential services, to narrow down your options effectively.

2. Research Thoroughly

Conduct comprehensive research on the real estate market in Bengal. Explore different neighbourhoods, evaluate property values, and consider factors like accessibility, infrastructure, and future development plans.

3. Choose Reputable Developers

Opt for developers with a proven track record of delivering quality projects. Organizations like CREDAI Bengal ensure high standards of construction and ethical business practices, offering peace of mind to homebuyers.

4. Legal Due Diligence

Verify the legal status of the property you intend to buy. Check for clear titles, necessary approvals, and any existing encumbrances. Seek legal advice if needed to ensure a smooth and transparent transaction.

5. Visit Properties in Person

Schedule visits to shortlisted properties. This allows you to get a firsthand look at the condition, layout, and overall ambience. Pay attention to details like natural light, ventilation, and the surrounding environment.

6. Evaluate Amenities and Infrastructure

Consider the amenities provided within the property complex and assess the availability of essential infrastructure in the vicinity. Access to schools, hospitals, markets, and transportation hubs is crucial for a convenient lifestyle.

7. Negotiate Wisely

Engage in thoughtful negotiation with the seller or developer. Research comparable properties and be prepared to make a reasonable offer. Seek guidance from real estate experts or consultants if required.

8. Inspect the Property

Conduct a thorough inspection of the property before finalizing the deal. Look for any potential maintenance or structural issues that may require attention.

9. Understand the Payment Structure

Familiarize yourself with the payment schedule and terms laid out by the developer or seller. Be aware of any additional costs or charges that may apply.

10. Seek Financing Options

Explore various financing options available to you. Compare interest rates, loan tenure, and eligibility criteria offered by different financial institutions to find the most suitable option.

11. Obtain Necessary Documentation

Ensure all necessary documentation, including the sale deed, possession letter, and occupancy certificate, is in order before completing the transaction.

With CREDAI Bengal by your side, you can navigate the process of buying a home in Bengal with confidence and ease. Their commitment to transparency, quality, and ethical practices sets them apart as a trusted partner in the Bengal real estate market.

By following these expert tips and leveraging the expertise of organizations like CREDAI Bengal, you can embark on this journey with confidence and find your dream home in the vibrant state of Bengal.

[maheshsomani]

CREDAI seeks dissolution of stamp duty on landed properties after GST implementation

CREDAI has appealed the state governments to abrogate stamp duty on landed property to dispose of multi-point taxation after the GST approach. In an official statement CREDAI affirms that GST will be a major player in Indian economy as it assimilates central and state tax paying into an absolute tax system for the entire country. CREDAI urges state government to downplay the double taxation of realty by treating land nil rated GST regime.

GST benefits both the state and industry as it waives multiple taxation at the state and centre level and the related other indirect surges. Real estate sector come under 12% slab of GST, which was only a chip of the tax burden, whereas for all other sectors GST is being considered as their indirect tax liability. Real estate sector is at odds as state government levied stamp duty on immovable properties will be operating even after GST implementation.

Stamp duty adds on 5-8 per cent excess taxability on the total valuation of the immovable property. The duty is to be paid on each transaction and is levied by the state governments on circle rates or guideline values of possessions which are at random determined and far in overindulgence of the value at which transactions turns up. Except abatement for land is permissible, cost to the end purchaser would mount. The National Real Estate Development Council (NAREDCO) revealed that 12% GST on construction process meant for relieving the buyers, which would encourage the sale volume in the coming days.

Welcoming the GST roll out West Bengal RERA expert Mr. Mahesh Somani said, “GST takes in more than 16 major taxes and brings together under a single bind. It will levy a simplified tax policy to the consumers. Indian realty is the contributor of 5% GDP revenue of the country and is considered the second-largest employment title-holder.”

“Residential property sale in Kolkata will definitely gain from the GST implementation as market report says that prices of luxury properties are likely to drop by up to 5% in this FY. Yes, the sector is expecting more sale volume this year than the previous one,” added Mr. Mahesh Somani.

[alvydental]

Why did Telangana register with RERA in projects?

Telangana is among the top four states in India in terms of number of projects registered with the state-level Real Estate Regulatory Authority (T-RERA). Latest data obtained by TOI from across India shows Telangana had 4,002 real estate projects registered with TRERA by February and 2,017 registered agents. Two days ago chief secretary Somesh Kumar warned errant builders. Kumar during a meeting on Friday with representatives of Credai, Tredai, Telangana Builders Association and other organisations, warned that criminal cases would be filed as per RERA against persons and developers indulging in undivided and pre-launch sales.

Maharashtra (33,154) has most registered projects and 11,231 registered agents, followed by Gujarat with 9,689 projects and 2,695 agents, and MP with 4,016 projects and 935 agents. Andhra has 2,248 projects registered.

The neighbouring state of AP has 2,248 projects registered and 151 agents. In addition to these, there are 10 states where over 1,000 projects have been registered, including UP, Tamil Nadu, Bihar, Chhattisgarh, Punjab, Rajasthan, and Karnataka.

Puducherry had the most registrations (194) among Union territories, while the national capital Delhi had only 34 registered projects. A total of 74,088 projects were registered with local authorities in India, including states and UTs, as of February this year. There are 58,790 registered agents working for projects across the country.

Telangana and Uttarakhand (332 registered projects) are two states in the country that lack permanent authority and still rely on interim authority. In contrast, Telangana is the only state where no cases have been resolved. West Bengal is the only state that is yet to establish the authority, while Punjab has one in Panchkula and Haryana in Gurugram.

[reraproject]

Why is now a good time to buy an apartment in Kalyan?

Assuming you've been searching for a loft in Kalyan, specialists say that this moment is the ideal time to purchase. Home purchasing isn't simply a monetary choice yet additionally an extremely private one. Periodically it is the biggest speculation individuals make during their lifetime.

As indicated by land specialists, this present time is the perfect time to purchase a home. There are various explanations behind this. Loan fees at their least level and the property market is clutching reasonable rates. Interest for properties in Kalyan is at a record-breaking high. Numerous land manufacturers in Kalyan are additionally offering home purchasers a few extraordinary proposals to purchase a loft in Kalyan. These reasons consolidated make it an extraordinary opportunity to purchase a loft in Kalyan. One more significant variable to note is that realty costs are set to ascend in the following a half year to a year. The Bengal part of the Confederation of Real Estate Developer's Association of India (CREDAI) predicts the expense of the reasonable lodging area to rise. This is set to occur in the prompt consequence of rising information costs.

Advantages of purchasing a condo in kalyan now

loft in kalyan

Allow us to investigate a few different variables that make at this moment, a more fortunate time for purchasing pad inKalyan. 1BHK Flats in kalyan near station

1. Further developed Affordability

Moderateness is an aftereffect of three elements, house value, pay levels, and home advance rates. As house costs have remained reliably level for the beyond five years, moderateness has moved along. Specialists say that the moderateness to purchase a condo in Kalyan has never been on par with what it is presently. Property costs staying stable in the beyond five years have added to the rising moderateness. Many individuals have additionally seen better work possibilities post the pandemics alarm. Following two years of pay cuts, many individuals have additionally seen a reclamation of their compensations. Therefore, the proportion between the cost of a house in Kalyan and yearly pay has hit a long term low of 3.2 times.

2. Falling Interest Rates

The decrease in financing costs of home credits assists forthcoming homebuyers with taking greater home advances. Since over 90% of homebuyers use lodging credits, this is excellent information for those needing to buy pads in Kalyan available to be purchased.

3. Ascend in the Launch of New Projects

Empowered by this ascent popular, numerous manufacturers have begun sending off new tasks. From extravagance pads in Kalyan to reasonable 1 and 2 bhk homes, there have likewise been new send-offs across a few classifications. This number is likewise may go up in the second from last quarter.

4. Property Prices in Kalyan might increase 10% in the Next 6 - 12 Months, according to Reports by CREDAI

On the off chance that you have been thinking about purchasing a condo in Kalyan, presently is ideal to do as such before property costs rise. Because of expanding unrefined substance costs, manufacturers edges have been impacted. In this way properties at Kalyan are relied upon to observe a climb of Rs. 350 to Rs. 400 for every sq ft. Land engineers in Kalyan say that development cost has additionally increased by 12% in the beyond one year and work cost has expanded by practically 20% for manufacturers. This impressively affects the land business and could see a cascading type of influence of rising property costs in the following one year or even sooner.

Snatch the chance to get the best condo in kalyan

With Covid fears dying down, and monetary possibilities improving, this is genuinely the best an ideal opportunity for homebuyers to buy a loft in Kalyan. Resale flats in kalyan west rambaug

FAQs

1. Is presently a fun chance to purchase a loft in Kalyan?

Numerous land developers in Kalyan are likewise offering home purchasers a few incredible proposals to purchase a condo in Kalyan. These reasons consolidated make it an extraordinary chance to purchase a loft in Kalyan. One more significant variable to note is that realty costs are set to ascend in the following a half year to a year. The Bengal part of the Confederation of Real Estate Developer's Association of India (CREDAI) predicts the expense of the reasonable lodging area to rise. This is set to occur in the prompt consequence of rising info costs.

2. Is it great to purchase a level in Kalyan?

Various new drives presented by the public authority in the new years have made it simpler than any time in recent memory to purchase a house in Kalyan. These incorporate various appropriations and motivations, for example, unwinding in stamp obligations, GST waivers and so forth There has genuinely not been a superior opportunity to buy a property in Kalyan.

3. Are property costs set to increment in Kalyan?

Because of expanding unrefined substance costs, developers edges have been impacted. In this manner properties at Kalyan are relied upon to observe a climb of Rs. 350 to Rs. 400 for each sq ft. Land designers in Kalyan say that development cost has increased by 12% in the beyond one year and work cost has expanded by practically 20% for manufacturers. This extensively affects the land business and could see a cascading type of influence of rising property costs in the following one year or even sooner. 1bhkflat for sale in Kalyan

4. What were the twin SOPS reported during the state spending plan that have impacted the deals of lofts in Kalyan?

The public authority declared a 2% cut in stamp obligation and a 10% decrease in circle rates for enrollment of properties. These two estimates assisted land Kalyan with getting deals. The business is anticipating record-breaking record deals in the land business this year. Deals have been out of the blue lively since July, when the public authority declared a 2% cut in stamp obligation and a 10% decrease in circle rates for enrollment of properties at Kalyan.

[timessquarein]

Union Budget 2021: Real estate sector seeks sops to boost housing demand

Union Budget 2021: Real estate sector seeks sops to boost housing demand

Kolkata: The real estate sector wants stimulus in the form of sops in the upcoming Union Budget to boost housing demand, a top Credai Bengal official said. The demands include personal tax relief, tax rebate on housing, extension of interest subvention, GST waiver, infrastructure status for the realty and easing liquidity for the sector, the official said. The Budget for financial year 2021-22…

[go-21newstv]

Real Estate Sector Seeks Tax Rebate On Housing, GST Waiver, Infrastructure Status

Real Estate Sector Seeks Tax Rebate On Housing, GST Waiver, Infrastructure Status

Budget 2021: Real estate sector expects lower home loan interest rates Budget 2021: The real estate sector wants stimulus in the form of sops in the upcoming Union Budget to boost housing demand, a top Credai Bengal official said. The demands include personal tax relief, tax rebate on housing, extension of interest subvention, GST waiver, infrastructure status for the realty and easing liquidity…

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Real Estate Sector Seeks Tax Rebate On Housing, GST Waiver, Infrastructure Status

Real Estate Sector Seeks Tax Rebate On Housing, GST Waiver, Infrastructure Status

Budget 2021: Real estate sector expects lower home loan interest rates Budget 2021: The real estate sector wants stimulus in the form of sops in the upcoming Union Budget to boost housing demand, a top Credai Bengal official said. The demands include personal tax relief, tax rebate on housing, extension of interest subvention, GST waiver, infrastructure status for the realty and easing liquidity…

[credaibengal]

Real Estate Events in Kolkata: A Glimpse into the Future of Property

Kolkata, often referred to as the 'City of Joy', is not only known for its cultural heritage but also for its thriving real estate market. In recent years, the city has witnessed a surge in real estate activities, making it a hotspot for property enthusiasts and investors. To keep pace with the ever-evolving market trends, various Real Estate Events are organized, offering a platform for stakeholders to network, gain insights, and showcase their projects.

Real Estate Events: Catalysts of Growth

Real Estate Events serve as catalysts for the industry, providing a unique opportunity for professionals, developers, investors, and homebuyers to converge. These events offer a comprehensive view of the current market scenario, emerging trends, and the latest technologies in the real estate sector.

For developers, real estate events provide an invaluable platform to showcase their latest projects and innovations. This exposure is instrumental in garnering attention and potential buyers. The events serve as a stage to present unique selling propositions, architectural brilliance, and technological advancements that set their projects apart in a competitive market.

Key Highlights of Real Estate Events in Kolkata:

Networking Opportunities: Events like these are an ideal platform for networking. They bring together a diverse group of professionals, creating an environment conducive to fruitful collaborations.

Market Insights: Renowned experts and thought leaders often grace these events, sharing valuable insights into market trends, policy updates, and investment opportunities.

Project Showcases: For developers, these events serve as a stage to showcase their latest projects and innovations, garnering attention and potential buyers.

Interactive Workshops and Seminars: Workshops and seminars delve into specific topics, providing a deeper understanding of various aspects of real estate, from legalities to market strategies.

Upcoming Real Estate Events in Kolkata

CREDAI Realty Expo

One of the most anticipated events in the city's real estate calendar is the CREDAI Realty Expo. Hosted by the Confederation of Real Estate Developers' Associations of India (CREDAI), this event is a grand showcase of the finest properties in and around Kolkata. It is a golden opportunity for homebuyers to explore a plethora of options, ranging from budget-friendly apartments to luxurious villas. Additionally, attendees can interact directly with developers, getting a firsthand understanding of their projects.

Kolkata Property Carnival

The Kolkata Property Carnival is a comprehensive real estate event that brings together developers, buyers, investors, and real estate professionals under one roof. The carnival features an extensive exhibition of properties, including residential, commercial, and even plotted developments. Seminars and panel discussions on topics like investment strategies and legalities add immense value for participants.

Real Estate Events Beyond Kolkata

While Kolkata hosts some of the most prominent events, the real estate landscape in India is dynamic, and events are organized across the country. Notable mentions include the CREDAI Conclave, New India Summit, and several others.

Conclusion

Real Estate Events in India play a pivotal role in shaping the real estate landscape of Kolkata. They provide an inclusive platform for stakeholders to connect, learn, and grow. With the city's real estate market flourishing, these events are indispensable for both industry professionals and potential buyers.

[maheshsomani]

Maharashtra Govt. Will Scrutinize The Ownership Statues After RERA Norms

Maharashtra Ownership of Flats Act, 1963 (Mofa) and Maharashtra apartment ownership Act 170 will be analyzed by the housing department along with the Real Estate Regulatory Authority (RA). As per the official statement of the housing department they will ascertain the sections that can be qualified after RERA scenario.

With uncertainty widespread over Mofa, Credai has declared section 92 of the Real Estate (Regulation and Development) Act, 2016 has “expressly repealed” the Maharashtra Housing (Regulation and Development) Act, 2012.

If any provision of Mofa is insignificant to RERA norms, it will be bypassed from the section 89 and the provisions which are on the button will go on hovering. Initially the state had released pro-consumer RERA rules, claiming that there is no dilution of the central act. But, after coming into force The Fight for RERA, a homebuyers’ group which campaigned for RERA, 2016 Act revealed that the state government curbed the act to root for builders.

Indian Brand Equity Foundation (IBEF) suggests that real estate is the sole section from where 5-7% GDP of the nation comes.  It’s certain that builders raise dough for elections, naturally government wouldn’t like to axe down the steady source revenue. The imprisonment clause is majorly opposed in the state RERA rules. Whereas, experts foresee that Indian real estate industry will touch $180 billion by 2020.

The Maharashtra real estate rules only consent builders to deposit 70 percent of the advance booking amount from home buyers in a separate bank account though it doesn’t include the section 4 (2) of RERA regarding the extricating ongoing and new projects. This in fact aims that builders should if possible deposit 70 percent of the money already taken from their customers after subtracting cost of structure and cost of land which would be in line with what the Ministry of HUPA has suggested. Besides the state rules say, completion Certificate (CC) and occupation certificate (OC) are interchangeable.

In this context RERA expert of West Bengal, Mr. Mahesh Somani says, “States shouldn’t dilute RERA for their profit. Else, the law would fail to relief homebuyers. Only by the means of RERA realty industry might regain its former grandeur.” Since WB hasn’t notified its respective RERA rules, people are advised to wait for July 31, to buy property in Kolkata”- added Mahesh Somani.

_LNN (Liyans News Network)

[bigyack-com]

Real estate sector could generate 1.28cr man-days in WB: Finance Minister Amit Mitra - real estate

The real estate sector is expected to generate 1.28 crore of man-days in West Bengal in future, state Finance Minister Amit Mitra said on Thursday.Since the Trinamool Congress came to power in the state in 2011, the real estate sector has seen a CAGR of 15.7 per cent, he said.“The real estate sector is the second largest employer in India and West Bengal for both skilled and unskilled workers. It is expected to generate 1.28 crore of man-days in the state in future,” Mitra said.Since 2011, the sector has seen an investment of Rs 40,000 crore in West Bengal where 1.75 lakh housing units have come up creating job opportunities for 40 lakh people, the minister said.Speaking at an event organised by Credai and real estate consulting firm CBRE here, he said in West Bengal, low-cost housing comprises 60 to 70 per cent of the total residential projects completed in the state.He also urged investors to set up ancillary industries which feed the real estate sector.“There are 250 units at present, this should go up to 1000,” he said.In a report jointly prepared by Credai and CBRE said that the office sector is the frontrunner in the growth of the real estate sector in the state.The residential sector is also expanding to newer locations in the state along with the growth in logistics infrastructure, the report said. Source link Read the full article

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We appreciate and respect different type of queries from our client till they satisfied... #appreciate #respect #different #satisfied #client #relationshipquotes #realestate #tag #salesandmarketing #onlinesale #onlinepromotion #realestateonline #clientsolutions #instasolution #estateagent #wisdom #artofliving #spiritual #spirtualquotes #business #buildbuisness #instaestate #kolkatagram #kolkatabusiness #kolkatarealestate #credai #bengalmeansbusiness #bengal

Real Estate Kolkata Buy Sell Properties in Kolkata Premium real estate agent in Kolkata

[captain-elegantcollector-blog]

Kolkata is fast expanding towards Thakurpukur & Joka. The area has been identified for building several housing projects under Pradhan Mantri Awas Yojna. Renowned schools, colleges, renowned educational institutions, hospitals, market, malls have already find their place in the area to make the place worth living with dignity and all amenities and facilities.

Invest your lifetime earning in dependable asset capable of high return with established infrastructure. Beware of dubious and unscrupulous developers !!!

As per Credai Bengal, as published in Times of India dtd 4th Jan. 2017, periphery of Joka has been identified for housing projects under Pradhan Mantri Awas Yojna which is likely to start within 4-6 months. Read the report as attached.

This combined with Govt’s action against Benami Properties and Metro Rail which is likely to commence its operation hopefully by end of 2017 will not only develop the area but will boost demand of genuine properties leading to many fold price increase.

I am holding a plot of vacant land measuring 2.4 Cottah (1728 Sft) under Joka Post Office (Pin Code 700104), Mouza Raspunja, 10 minutes from Thakurpukur Bazar on 40 ft wide metallic Bakrahat Road, between Army Camp / Green Field Oasis Apartment Complex and El-Bethel School & College. The location has nearby School, Colleges, Hospitals, Market, Malls, Bank within 0.2 Meters to 4 Km distance.

I am constraint to sell this plot out of my compulsions after holding for 22 years. Any genuine buyer willing to buy immediately may like to contact me at 9433013863 before price, admittedly and evidently, goes up.

Asking price ₹7.0 Lakh per Cottah (Negotiable)

Buy Land from owner at Joka, Kolkata, value your money, protect your investment Kolkata is fast expanding towards Thakurpukur & Joka. The area has been identified for building several housing projects under Pradhan Mantri Awas Yojna.

[corevestor]

Credai West Bengal is the apex body of the state representing Credai Bengal, Credai Howrah-Hooghly and Credai North Bengal.

[supervidyavinay]

BENGALURU:The Went Bengal Housing Regulatory Authority has extended the validity of registrations for all real estate projects by nine months due to the disruption caused by Covid-19 pandemic.“For all the projects already registered under the WBHIRA as on date of issue of the order, the project timeline is automatically extended for a period of nine months from the present day of completion and no fees will be charged for an automatic extension of project registration, ” said the order.The order further states that builders should reschedule payments from property buyers as per the revised construction schedules. “The real estate industry and construction site was completely closed during the lockdown. This will greatly help the industry, as without this the banks were not ready to make further funding. The Developers and Customers are also getting huge confidence, ” said Sushil Mohta, president, CREDAI-WB. Property builders have been seeking exemption of project timelines and penal charges for up to a year. Some of the states to have extended project timelines include Maharashtra, Karnataka and UP. In May the Central government had issued an advisory on extension of registrations of real estate projects due to ‘force majeure’ under the provisions of Real Estate (Regulation and Development), Act 2016 (RERA).CREDAI West Bengal has also similarly written to municipal authorities, Urban Development department and various other authorities for extension of approval period because of the delays due to pandemic.According to the records of the Labour Department, there are about 35 Lacs workers involved in the construction sector in West Bengal. The total stamp duty collection on registration of the property documents was about Rs. 5,400 Cr by March 2019 for the state. from Economic Times https://ift.tt/30I4Rgr

[consumerinfoline]

Initial Incremental Capital Investment of 8-10% in a Building's Green Development can be Recovered in 2-3 Years due to Large Savings in Energy and Resource Costs: Colliers International India

Initial Incremental Capital Investment of 8-10% in a Building’s Green Development can be Recovered in 2-3 Years due to Large Savings in Energy and Resource Costs: Colliers International India

KOLKATA, February 8, 2019/PRNewswire/ —

CREDAI Bengal, in association with its knowledge partner Colliers International India released a report titled ‘Planning the sustainable way: challenges and the road ahead’ at the Bengal Global Business Summit, 2019 in Kolkata

While sustainability has been taught as the core of urban planning and architecture for years, its widespread adoption is yet to…

[credaibengal]

What Are The advantages of real estate investing over stock investing?

Do you know it is better to invest in properties in Kolkata than in the stock market? Get a real estate industry overview from the best people in business.

Most, if not all, investors have the same objective: managing their money so that it increases and eventually enables them to become financially independent. There are countless ways to accomplish this goal, with the stock market and real estate investing being two of the most popular ones. History shows that both are reliable methods for creating money, but it is obvious that real estate investing has a much greater potential to be profitable for you over the long term. Real estate investment advisor Kolkata, wants you to consider a few factors to support this argument. 

Real estate investment over the stock market

Strong Cash Yield

Both investing strategies have the potential for substantial cash yields. The cash yield of a particular stock, however, is actually merely a risk gauge when it comes to the stock market. On the flip side, the cash yield on a real estate investment is something that is, for the most part, a concrete number that has much less room for variance. Though things can happen like an unexpected major expense during an online property search, the rental income & the initial investment are two numbers that are true. And as long as you’ve done your due diligence in terms of finding a deal where the numbers have been thoroughly checked and validated, the cash yield is more or less guaranteed.

Equity Build-Up

When comparing equity build-up for both the stock market and real estate investing, it is a no-brainer when deciding which asset is more effective. Once you buy a property, your equity has the potential to start growing immediately. As the property grows in value, all of that value becomes your equity. However, in the stock market, the only way to gain more equity is to buy more shares. Whether those shares are bought using realized dividend yields or external cash, more shares still have to be bought; there is no potential passive equity growth in the stock market.

Leverage

Leverage is one of the biggest advantages real estate investment has over-invested in the stock market. When someone wants to invest in the stock market, as mentioned previously, they must purchase shares of a stock, in whole before any money can be made without much of an ability to borrow money. However, when it comes to real estate, you have the ability to put down a small percentage of the property cost. So you need to trust the best real estate portal to make the right choice. 

Tax Benefits

Although you can participate in the stock market from tax-advantaged accounts like the 401k, Roth 401k, IRA, and Roth IRA, these accounts are quite restrictive in terms of liquidating any gains. With real estate, you have the opportunity to use the 1031 Exchange when the investor decides to sell, as well as the ability to deduct various expenses such as mortgage interest, operating expenses, property taxes, and depreciation. Additionally, according to the real estate association Bengal, there are chances to invest in real estate using some of the same tax-advantaged funds.

Final Words

CREDAI Bengal is a national organization-affiliated advocate for the real estate developers association Bengal. We collaborate with other CREDAI chapters to share best practices and advance the real estate industry in Kolkata by encouraging and implementing a code of conduct for self-regulation for all of our members.