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There are some basic steps you and your Realtor can take to arrive at a price range and other terms that make sense. Your browser doesn't support frames. Please visit Zillow Home Page to see this content. Load More. Property Brothers: Forever Home 6am 5c. Property Brothers: Forever Home 7am 6c.
Property Brothers: Forever Home 8am 7c. Property Brothers: Forever Home 9am 8c. Property Brothers: Forever Home 10am 9c. Property Brothers: Forever Home 11am 10c. Celebrity I. My Lottery Dream Home 6pm 5c. My Lottery Dream Home pm c. My Lottery Dream Home 7pm 6c. Let us take a closer look at this. We should begin by understanding that the viability of any currency as a means with which to transact in real estate in India obviously depends on whether or not the RBI and Government recognize that currency as valid tender in the country.
So far, that is not the case with Bitcoin. While the RBI was toying with the notion of launching an Indian cryptocurrency, it apparently does not see much benefit in doing so. This is quite understandable. The Indian real estate market is currently in the process of transiting from being an opaque and largely unregulated market to a more governed and transparent one. As part of this process of increasing transparency and accountability for real estate and its related transactions, cash flows in and out of the sector need to trackable and accounted for at every level.
This is definitely not possible with money in the form of a currency whose origins and antecedents can, almost by definition, not be established in the majority of cases. The notion of cryptocurrencies like Bitcoin becoming legal tender for real estate transactions in India must first and foremost be considered in light of this fact.
For the sake of an argument, let us assume that Bitcoin transactions became acceptable in Indian real estate. Would this in any way affect the sector in a significant manner — for instance, would ROI on real estate be positively or negatively influenced? To arrive at an answer to this question, we must first consider that the value of real estate is determined by factors such as size, location, and most importantly local market rates — which, in India, are determined in rupees.
This is how real estate is bought and sold in the country. Hypothetically, If the RBI were to accept Bitcoin as legal tender for real estate transactions at some point, it would be to the extent of allowing the rupee value of a property to be paid for in that currency. Remember, this would only happen if the RBI were able to establish the source of these funds to its complete satisfaction. Even if real estate deals transactions via Bitcoin were to become legal in India, it would at best be extremely challenging — and there would be little or no real benefit to either seller or buyer.
First of all, the Government levies statutory taxes on every real estate transaction and requires the payment of these dues to be clearly mentioned in Indian rupees for such transactions to be considered legal. Likewise, market rates and property prices in India are calculated in rupees per square foot. From an ROI perspective, the currency used in transacting with it does not have any bearing on this value.
Also, for a cryptocurrency to become acceptable tender for buying a selling property in India, all these calculations would need to find a parallel monetary avatar that is acceptable to all stakeholders. Apart from the increased regulation in the real estate industry, the Indian banking and finance sector is extremely conservative and would find it very difficult to accept a currency which cannot be fully traced and regulated.
Успей повеселить себя обновленным гардеробом во с 13 1500 рублей. Счастливые часы 31 марта. А стильные с 15 GIVENCHY на до 15-00 1500 рублей. Успей повеселить 31 марта совсем некординально. В особенности на будет счастливым.
Bithome is a consulting company providing property listings in order to buy or sell real estate with bitcoin. You may only use bitcoin to purchase a property if you do not need to obtain a mortgage for the property, like a cash buyer. This is because. Crypto Real Estate is the leading global real estate marketplace with over properties available for sale with Bitcoin & crypto worldwide.