Asia is a rapidly growing continent. While China remains a major economic powerhouse, India is emerging as a significant player, particularly in the technology and telecommunications sectors. Its large land area and population drive a robust Real Estate market, presenting attractive investment opportunities in both residential and commercial properties. Institutional estimates project this market to reach one trillion dollars by 2030.
Real Estate transaction taxes
The Stamp Duty, applicable to Real Estate purchases in India, varies by region, typically ranging from 3% to 10% of the transaction value. Some regions may also impose registration surcharges. However, several states, including those encompassing Jaipur, Mumbai, and New Delhi, offer reduced rates for female, but occasionally by transgender buyers.
Regulatory framework
India’s Real Estate sector is complex, with regulatory frameworks established less than a decade ago. The project development involves extensive procedures, while Article 32 of the regulations promotes sector growth, especially in affordable housing.
The SWAMIH 2 Fund, a public-private financing initiative, supports mid-income housing construction with 15 billion rupees (approximately $172.65 billion).
Investment in tourism-related Real Estate in states like Goa and Maharashtra is also viable. Land classification (urban, rural, developing, coastal) significantly influences investment strategies.
Property tax rates in Goa were recently updated in October, impacting tax payments and government contributions.
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All information contained in this publication is up to date on 2024. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice.No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.