Real Estate Investment

All that glitters is not gold!This age old adage holds true even in the realms of real estate investing. We understand the challenges of finding the right place but, fear not for we are the expert gem hunters dedicated to unveiling the hidden ‘treasure’!Picture the United States – one of the most developed nations in the world! Now, let us tell you that the US Central Bureau has identified 15 fastest growing cities in the US in 2022.Six out of these 15 cities shine bright in Texas. Kyle Georgetown Leander Little Elm Conroe New Braunfels Before we reveal the ‘crown’, we’ll let you take a guess. Will it be Kyle? Or perhaps Leander? Could it be Little Elm, a hidden treasure waiting to be discovered? Conroe and New Braunfels, both have their own merits to boast. Here’s a hint – the city is tucked within the coordinates of 30.633263 and -97.677986, just beyond the reaches of Austin. Yes, it is Georgetown! Home to the most beautiful town square in Texas, Georgetown is experiencing an irresistible pull, attracting a growing number of individuals and businesses eager to embrace its transformative development. But, what makes this city good for real estate investors? Let’s talk numbers. Georgetown’s housing market thrived in 2022, with an impressive 18% surge in home prices, outpacing the national average. This upward trend indicates not only a strong demand for housing but also the potential for substantial returns on investment. Moreover, properties in Georgetown have been in high demand, with houses typically spending a mere thirteen days on the market before finding eager buyers. This swift turnaround time speaks volumes about the desirability and competitiveness of the real estate market in Georgetown.One cannot overlook the significant influence of Georgetown’s close proximity to Austin, the bustling capital of Texas. This favourable geographical location has played a pivotal role in the city’s real estate success. As Austin continues to flourish as a thriving economic and cultural hub, Georgetown has emerged as an attractive alternative for individuals and businesses seeking a more serene and affordable lifestyle. The easy accessibility to Austin, coupled with the tranquil and charming atmosphere of Georgetown, makes it a win-win situation for real estate investors. Georgetown’s population growth is another testament to its immense appeal. Since the 2020 census, the city has experienced a remarkable surge, adding an estimated 19,331 residents and bringing the total population to a […]

The Union Budget 2023 has announced a major change to the Liberalized Remittance Scheme (LRS) by introducing a new Tax Collection at Source (TCS) for foreign outward remittances.This change has sparked discussions among investors and companies who frequently use the LRS for various purposes. However, it is important to understand what LRS is and how the proposed increase in TCS rate will affect it. Before we dive deep into the topic, lets understand what LRS is. The LRS is a scheme introduced by the Reserve Bank of India (RBI) in 2004 that enables Indian residents to remit money abroad for various purposes, including investments in listed equities, real estate, and education or medical purposes. The LRS has been a popular channel for Indian residents to invest abroad.The proposed increase in TCS for foreign outward remittances may make the LRS less attractive for some investors as it would significantly increase the cost of remitting money abroad. This proposed change is expected to impact a large number of individuals and companies who utilize the LRS for various purposes. What does the TCS rate look like? The new TCS of 20% will be applicable on foreign outward remittances under the LRS for all purposes other than education and medical purposes, effective from July 1, 2023. This is a sharp increase from the previous TCS rate of 5% which was applicable on foreign outward remittances above INR 7 lakhs. The TCS will be collected by banks and other authorized dealers at the time of remittance and will be credited to the government’s account.It is important to note that the proposed increase in TCS rate for foreign outward remittance does not apply to investments made through the Overseas Direct Investment (ODI) route. What is the ODI route? The ODI route is a popular channel for Indian companies looking to expand their operations overseas. ODI allows companies or individuals to expand their operations and diversify their investment portfolio beyond their domestic market. It can also provide access to new technologies, resources, and markets. How is the ODI route better than the LRS? One of the key benefits of the ODI route is that it allows Indian companies to invest in overseas companies or set up subsidiaries through automatic route subject to certain conditions. Currently, there is no TCS applicable on remittances made under the ODI route. The ODI route has been a popular choice for Indian