Post
Miscellaneous
3h
an assistant manager

Property Prices in Gurgaon are crossing 100 Crores!!

And investing in them especially considering the poor air quality of the town this might sound stupid to middle class people like us but there’s a Rich people logic behind it. So according to India's Income Tax Act, Section 54F States- If you buy a house using your investment profits, then upto ₹10 crores of your tax is waived off. And many startup founders and investors based in NCR use their investment profits for buying flats with white money. Now DLF is one of the few real estate companies that accept the entire flat price in white money and recently DLF has launched a project in Gurgaon, Dahlias where the flats are being sold for ₹100 crores. So all this facade for what afterall? To save TAXES! Also apart from this monetary gain, there's obviously status involved as well. But on a side note, if you have ₹100 crores which city would you like to buy a property in? P.S. : I would pick Kasol💀
Be the first one to comment
Posts you might like
Salary Discussions, Hike & Promotions
2w
comfortableslug
·
works at
Day to Day Office
2w (edited)
plentydate
·
works at