Indian hill
stations becoming popular real estate destinations:
Reason for
buying a property in the hilly locations:
Ø
With 37%,
majority of survey takers expressed that for them the purpose of buying a house
in the hills was clearly self use, be it for now or for future.
Ø
Another
29% respondents want to look at such options as a holiday destination or
weekend getaway.
Ø
Interestingly,
only 21% want to buy real estate in the hilly areas as probable investment options.
Ø
Balance
14% is those who want to beat the city life and plan to settle post retirement
in these areas.
Amongst all
cities, maximum (37%) Delhietes want to look at such options for taking a break
from the city life. As most want to buy a holiday home in the hills.
Welcome to the beautiful Place in the lap of Mother Nature and rock, one of the popular hill station in Uttaranchal 'LANSDOWNE ONE"
Buying property for investment purposes and selling it later at a higher price has become a common habit. There is an aspect of these transactions which deals with the tax on the profits gained, which the seller needs to be aware of. If you sell real estate for a profit, you will need to pay capital gains tax on the money. The tax varies, depending on the time period the property was held on to.
No comments:
Post a Comment