Since ages many cultures have been assimilated into
the culture of India. The country, in spite of accepting so many
cultures, is still able to retain its quintessence. It is the land of
cultural diversity that nourishes every culture and offers an
opportunity to lead any lifestyle in terms of values, opulence, luxury
et al.
Real estate in India is at its boom. Indian government has initiated
measures to relax the real estate and property rules. Real estate
dealings have become an easier affair. Some of the measures that the
govt. has taken recently:
- Dismantling of stringent rules
- Relaxed property tax
- Less stamp duty if the property is registered in the name of a
woman
- Allowing FDI in the real estate industry
- Abolition of Section 37(i)
- 100% repatriation allowed for NRIs investment in the country
- Tax reforms designed to drive investments in the housing sector
- Sliding interest rates