Tax Benefits for NRIs Buying in Gera’s Joy on the Treetops
Tax Benefits for NRIs Buying in Gera’s Joy on the Treetops
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Introduction: A Smart Investment with Tax Advantages
The idea of owning a premium home in India is not just emotionally satisfying for NRIs—it’s also financially wise. With projects like Gera’s Joy on the Treetops Hinjewadi Phase 3 Pune, Non-Resident Indians (NRIs) are increasingly finding opportunities that blend comfort, appreciation, and substantial tax benefits. Nestled in the fast-growing Hinjewadi Highlands, this project by Gera Developments has emerged as a top choice for global Indians looking to diversify their portfolios and create legacy assets.
Why NRIs are Investing in Gera Joy on the Treetops
The demand for homes in Gera Joy on the Treetops Hinjewadi continues to rise thanks to its strategic location, high rental potential, robust infrastructure, and unmatched ChildCentric® concept. Designed with global sensibilities in mind, Gera’s Joy on the Treetops Pune ensures that NRIs don’t just invest in a property, but in a lifestyle that mirrors international standards. The development includes 35,000+ sq. ft. clubhouse space, premium amenities, open skies, and features that make life truly delightful in Gera JOTT.
Apart from its lifestyle quotient, this investment is made even sweeter by a range of tax benefits NRIs can avail when buying property in India—particularly in RERA-registered, credible projects like Joy on the Treetops by Gera Developments.
Tax Deductions on Home Loan Interest
For NRIs who purchase their property in Geras JOTT Hinjewadi using a home loan, the Indian Income Tax Act offers several benefits under Section 24(b). NRIs can claim a deduction of up to ₹2 lakh per year on the interest paid on a home loan for a self-occupied property.
Even if the house is rented out, there is no upper limit on the interest deduction. This makes Joy on the Treetops Hinjewadi Pune an excellent opportunity for NRIs looking for tax optimization while also earning rental income.
Principal Repayment Benefits under Section 80C
NRIs are eligible for tax deductions up to ₹1.5 lakh per annum under Section 80C of the Income Tax Act for the repayment of the principal component of a home loan. This is applicable only if the payment is made to purchase a residential property like Gera Joy on the the Treetops Hinjewadi and the loan is taken from a recognized financial institution or bank.
Moreover, stamp duty and registration charges—part of your property buying cost at Joy on the Treetops Hinjewadi Phase 3—can also be claimed under this section, further reducing your tax liability.
Wealth Tax Not Applicable
One of the lesser-known advantages for NRIs investing in residential real estate such as Gera’s Joy on the Treetops Pune is that wealth tax is not applicable for one property in India that is not let out. This means, if you’re holding this home as a second house or for your own visits and vacations, you won’t be burdened with annual wealth tax obligations.
Capital Gains Benefits
When an NRI sells a property like one purchased in Gera Hinjewadi Highlands, they are liable to pay capital gains tax. But even this tax offers savings opportunities:
Long-term capital gains (LTCG): If the property is held for more than 24 months, NRIs pay a 20% tax with indexation benefits. The impact of inflation reduces the effective tax liability.
Exemption under Section 54: If NRIs reinvest the gains in another residential property within India, they can claim an exemption.
Section 54EC Bonds: Another alternative is to invest up to ₹50 lakh in specified bonds like those issued by NHAI or REC, to claim full capital gains tax exemption.
With real estate appreciation on the rise in Hinjewadi, especially in landmark projects like Gera’s Joy on the Treetops Hinjewadi Phase 3 Pune, NRIs can benefit both from property appreciation and favorable tax treatments on eventual sale.
Rental Income and Taxation
NRIs earning rental income from their property in Joy on the Treetops Pune are liable to pay tax in India. However, this income can be adjusted against property taxes, maintenance charges, and a standard 30% deduction for repairs and upkeep.
Also, many NRIs can claim tax relief under the Double Taxation Avoidance Agreement (DTAA) if they are also taxed in their resident country. This ensures that the income from renting out a flat in Gera’s Joy on the Treetops Hinjewadi Pune doesn’t get taxed twice.
TDS Provisions for NRIs
While buying or selling property in India, NRIs are subject to Tax Deducted at Source (TDS). If you sell a property, the buyer is mandated to deduct TDS at the rate of 20% for long-term gains or 30% for short-term gains. However, TDS is not applicable on rental income below ₹2.4 lakh per annum, making it a viable income source for NRIs with properties like Gera Joy on the Treetops.
For purchases, NRIs can avoid higher TDS deductions by submitting Form 15CA/CB and consulting with a Chartered Accountant.
Final Thoughts: Combining Emotion with Smart Tax Planning
Buying a home in Gera’s Joy on the Tree Tops by Gera Developments is more than owning a slice of India’s real estate—it's a long-term wealth-building strategy. With benefits ranging from deductions on loan interest and principal, to capital gains exemptions and DTAA protections, NRIs have plenty of reasons to consider this premium project in Hinjewadi Highlands.
Whether it’s for periodic visits, rental income, or future relocation plans, Joy on the Treetops Hinjewadi Phase 3 Pune presents a winning proposition wrapped in thoughtful design, modern amenities, and tax-efficient ownership.
Make your global income work smarter—invest in Gera JOTT and enjoy a rewarding experience that extends far beyond square footage.
Visit Now - https://joyonthetreetopshinjewadi.com/
Company Name - Buy India Homes Digital Private Limited
Agent MahaRERA No - A52100019166
Contact No. - +91 8181817136
MahaRERA No - P52100077635
MahaRERA website - https://maharerait.maharashtra.gov.in/public/project/view/49387
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