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Considering only the boom was not the right time to sell properties says analyzers

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Though the realty was on the peak and lots of property related transactions took place the analyzers said that it was not the right time to dispose the properties especially the homes. What they said is, unless until an apt home is not available within the budget, then it is risk selling the properties.
The Union Government was not firm on decision on implementing the tax under the capital gains tax exemption and if the decision is passed out then people who enjoyed huge profits were required to shell out the taxes applicable.
For example if an apartment is purchased for 20 Lakhs and then sold for 40 Lakhs there was a loop to skip the Tax payment, if the profit of 20 Lakhs then used to buy another property within 3 years of selling. On parallel the profit funds shall be invested on the shares or bonds issued by the Government of India enterprises like National Bank for Agriculture and Rural Development (NABARD) National Housing Bank (NHB) National Highways Authority of India ( NHAI) and so on. Later by the financial year beginning of the 2007, the Union Finance Ministry passed the circular that investments on the above listed agencies were fixed at Rs. 6500 Crores capital.
Source: NIMMA BENGALURU

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