Property values have shot through the roof.
There are many who are investing in property these days as a result.
Property may be sold either to buy another property or to book a profit, when the valuations have become attractive.
Vikram was doing the latter.
He was getting transferred out of Mumbai, to his home city, Delhi.
He had bought a house in a Mumbai suburb, about six years earlier.
He is now interested in selling it, as he plans to settle in Delhi and he even has a buyer for it.
He is seriously considering that, but wanted to know a bit about the tax options surrounding the sale of the property.
Text: Suresh Sadagopan, Business Standard
Images: AP/AFP/Reuters/Wikipedia commons
Also see: The dream home bargain