You might be penalised if you have a second house and don't give it out on rent or sell it off. The government is working on the modalities, Sachin Ahir, state housing minister, said.
In Mumbai, there are 41.86 lakh houses, according to the 2011 Census. Of this 4.79 lakh houses remain locked throughout the year, a house-to-house survey revealed. "This means that 12% of the houses remain empty at a time when there is a huge shortfall of houses. These houses are mostly bought for investment purposes," Pankaj Kapoor, managing director, Liasas Foras, real estate research firm, said.
"If these houses come in the market, the artificially created skyrocketing prices will surely come down. Also, rentals will go down," he said.
Ahir said the government wants to end such investor-driven market. "Genuine buyers and those looking for houses on rent suffer because of these 'investors'," he said. "We may follow the China model and tax/penalise such investors who go for second or more even more houses. This is a sensitive matter so the government is weighing the pros and cons."
"The survey found that the number of first-time buyers has gone down while the number of those buying a second or third or fourth house has gone up," Kapoor said. "This means no house for a genuine buyer while some investor continues to park his money in housing stock. This ultimately leads to artificial price rise."
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In Mumbai, there are 41.86 lakh houses, according to the 2011 Census. Of this 4.79 lakh houses remain locked throughout the year, a house-to-house survey revealed. "This means that 12% of the houses remain empty at a time when there is a huge shortfall of houses. These houses are mostly bought for investment purposes," Pankaj Kapoor, managing director, Liasas Foras, real estate research firm, said.
"If these houses come in the market, the artificially created skyrocketing prices will surely come down. Also, rentals will go down," he said.
Ahir said the government wants to end such investor-driven market. "Genuine buyers and those looking for houses on rent suffer because of these 'investors'," he said. "We may follow the China model and tax/penalise such investors who go for second or more even more houses. This is a sensitive matter so the government is weighing the pros and cons."
"The survey found that the number of first-time buyers has gone down while the number of those buying a second or third or fourth house has gone up," Kapoor said. "This means no house for a genuine buyer while some investor continues to park his money in housing stock. This ultimately leads to artificial price rise."
To read more pelase visit - dnaindia.com
