Announcement

Collapse
No announcement yet.

Investor tips: when and how to sell an under construction apartment?

Collapse
X
Collapse

Investor tips: when and how to sell an under construction apartment?

Last updated: December 7 2012
12 | Posts
2353 | Views
  • Time
  • Show
Clear All
new posts

  • Investor tips: when and how to sell an under construction apartment?

    Hi All,

    This thread is to discuss when is the best time to sell an apartment bought purely for investment purpose and how ?

    Please share your opinion/tips.

    Thanks,
  • #2

    #2

    Re : Investor tips: when and how to sell an under construction apartment?

    Originally posted by snowfall View Post
    Hi All,

    This thread is to discuss when is the best time to sell an apartment bought purely for investment purpose and how ?

    Please share your opinion/tips.

    Thanks,
    Try to pay the entire amount to the builder at the time possession and delay the registration, once every one occupy the premises try to sell the apartment and directly register the apartment in the name of new buyer.RM new apartments always give you good returns.

    Comment

    • #3

      #3

      Re : Investor tips: when and how to sell an under construction apartment?

      Thanks swamiR..
      so is it,
      1) pay VAT,ST etc (all extra charges) except registration charges and then sell it
      OR
      2) pay basic cost+car parking only and then sell it
      how does it work?

      also there is this short term capital gain, long term capital gain, etc..
      can u elaborate a bit more on these too ?

      Comment

      • #4

        #4

        Re : Investor tips: when and how to sell an under construction apartment?

        snowfall:
        1. select good brand
        2. enter in pre launch
        3. sell pre registration and after atleast 30% occupancy

        Comment

        • #5

          #5

          Re : Investor tips: when and how to sell an under construction apartment?

          pp1951,

          pre registration selling: does it include VAT,ST and other extras payment except registration charges?

          Comment

          • #6

            #6

            Re : Investor tips: when and how to sell an under construction apartment?

            Some one told me that the capital gains tax is more when you transact 'pre registration' property ?

            So legally, all these so called investor transactions are equivalent to domestic money laundering ( because none of them pays capital gain tax) and are economic offenses.

            I also am aware that the capital gain tax is going to very sharply increase once the real estate regulator kicks in and very stringent laws will be enforced ( revaluation is one of them). Basically capital gains tax will be collected based on govt evaluation of the property. Already, due to escalation in land prices ( govt evaluation), the gap between buy and sell prices ( profit ) has narrowed out.

            Comment

            • #7

              #7

              Re : Investor tips: when and how to sell an under construction apartment?

              good thread.. even I wanted to know more about how to make investor transactions legally.. RE experts can you share your thoughts more about this? Thanks,

              Comment

              • #8

                #8

                Re : Investor tips: when and how to sell an under construction apartment?

                In india all this transactions pre-registration or post-registration happen in CASH.
                Seller ask's for Amount equivalent to capital gain in CASH

                Comment

                • #9

                  #9

                  Re : Investor tips: when and how to sell an under construction apartment?

                  Originally posted by krishna2 View Post
                  In india all this transactions pre-registration or post-registration happen in CASH.
                  Seller ask's for Amount equivalent to capital gain in CASH
                  I think that is where the regulator is going to come into picture. They might be watching every transaction of property - any thing spooky , will be subjected to screening. One can never escape govt even if it is cash payment. Like SEBI has certain investigative methods, this RE regulator too will have. For all you know , each transaction might go through the RE regulator once it kicks in.

                  Unless the person pays every thing in cash ( hidden in his mattress) and the receiving person takes it and hides it in mattress. Once caught, there will be music.

                  With more and more awareness and people like Kejriwal movement, things are going to be interesting.

                  Comment

                  • #10

                    #10

                    Re : Investor tips: when and how to sell an under construction apartment?

                    I would like to make all transactions white, no cash.. so in such cases, is it still worth selling before registration? Is it short term gain? and how much tax would I have to pay?

                    Comment

                    Have any questions or thoughts about this?
                    Working...
                    X