Sep 30, 2025
Portrait of Ruben Ubiera by Sipros for the 2018 edition of Beyond Walls in Lynn, MA.
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Portrait of Ruben Ubiera by Sipros for the 2018 edition of Beyond Walls in Lynn, MA.
Deemed Rent No More: Budget 2025 Eases Burden on Multiple Property Owners
For years, owning more than one residential property in India came with an invisible cost, deemed rent. Even if your second (or third) home lay unoccupied, you were taxed as if you were earning notional rent from it. This outdated rule placed a burden on genuine homeowners and investors alike. But Budget 2025 changes everything.
The finance minister has officially scrapped the Deemed Rent provision, making it easier for individuals and NRIs to invest in multiple homes without being unfairly penalized. Whether you’re buying a second home for your family or as an investment, the removal of deemed rent paves the way for smarter, tax-friendly ownership.
Let’s break down what this means for you.
What Was Deemed Rent?
Under earlier tax provisions, if you owned more than two houses, the additional properties were treated as 'let out' whether you actually rented them out or not. The government would calculate notional rental income, and you had to pay tax on that imaginary income.
This rule particularly affected:
People with inherited family homes
Investors holding multiple properties for capital appreciation
NRIs who maintain homes in India for occasional use
Even if your second or third property stood empty, the taxman assumed you were earning from it and charged you accordingly.
What Has Changed in Budget 2025?
The Game-Changer:
The Finance Bill 2025 abolishes the Deemed Rent rule altogether. Now, no notional rent will be levied on any unoccupied residential property, no matter how many you own.
This move aligns with global tax norms and acknowledges the changing nature of property ownership in modern India.
Key Details:
The change applies to all residential properties, regardless of location.
You will only pay tax on actual rental income, not assumed earnings.
This reform benefits both resident Indians and NRIs.
Why Was the Deemed Rent Rule Problematic?
Before Budget 2025, the rule created confusion and discouraged investment in real estate. Here's why:
Penalized Ownership: Even if you didn’t earn a rupee from the property, you had to pay tax.
Inheritance Headache: Families who inherited ancestral homes ended up facing unexpected tax bills.
Discouraged Investment: It disincentivized real estate as a long-term investment strategy.
Compliance Burden: Calculating notional income and filing tax returns became unnecessarily complicated.
In short, the provision punished ownership rather than rewarding it.
Who Benefits the Most?
The repeal of deemed rent affects a wide spectrum of property owners, particularly those who hold multiple homes for genuine reasons, not just speculation.
This is great news for:
Middle-class families who own a second flat in another city
NRIs who keep a property in India for future relocation or family use
Property investors looking to diversify across cities
Children of homeowners who inherit more than one property
It’s a move that finally acknowledges ownership doesn’t always equal income.
Tax Implications: Before vs. After
To understand the benefit, let’s compare the tax structure before and after the rule change. Scenario Before Budget 2025 After Budget 2025 Ownership of 3 houses Only 2 considered self-occupied; 3rd taxed on notional rent All 3 can be treated as self-occupied if not rented Income declared Notional rent added to income Only actual rent is taxed Tax paid Based on assumed income Based on real income only
Strategic Tips for Second Home Buyers
With this tax barrier removed, buying a second or third home becomes more appealing but only if done strategically. Here’s how to make the most of the new landscape:
1. Choose Your Location Wisely
Pick a city or suburb with long-term capital appreciation.
Prioritize areas with upcoming infrastructure, transit, or IT hubs.
2. Plan for Occasional Use
Consider using your second home as a vacation rental or hybrid stay.
Use periods of vacancy to renovate or upgrade without tax worries.
3. Don’t Rush to Rent
With no pressure to generate rental income, wait for the right tenant and market conditions.
4. Consult a Tax Planner
While deemed rent is gone, capital gains and other property taxes still apply.
Professional advice ensures full compliance and better returns.
What This Means for the Market
This reform could trigger a new wave of investment in real estate, especially in Tier 2 and Tier 3 cities where affordability meets aspiration.
Key Impacts:
Rise in second-home buyers from metro cities
Boost in real estate demand from NRIs and long-term investors
Surge in lifestyle-driven purchases (hill homes, coastal homes, retirement retreats)
Improved property retention among inheritors who no longer feel forced to sell
For developers, this means renewed interest in plotted developments, weekend homes, and peripheral urban zones.
How BeyondWalls Helps You Navigate This Change
At BeyondWalls, we understand that real estate decisions, especially second-home investments, come with emotional and financial weight. With the removal of deemed rent, there's a clear runway for smart buyers to diversify, upgrade, or consolidate their real estate portfolio.
Here’s how we support you:
Expert guidance on investment-worthy properties
Verified legal support to ensure clear titles and ownership
Tax and finance partners to help you navigate implications of the new law
Pan-India inventory so you can own across locations without extra tax stress
Final Thoughts
The removal of deemed rent is more than just a tax update it’s a mindset shift in Indian real estate. It acknowledges that not every property is a source of income and gives buyers the freedom to own without fear of penalty.
If you're planning to invest in your second home, this is the right time to do it with lower tax stress and higher financial clarity.
And with BeyondWalls by your side, you’ll make smarter, better-informed property decisions always.
Punawale Unlocked: What Every Homebuyer Must Know in 2025
The Most Comprehensive Guide to Punawale Real Estate (2025)
Punawale is no longer just the next big location — it is already Pune’s most active residential micro-market. With direct connectivity to NH4, proximity to Hinjawadi, and a wave of launches across the 70L–1.2 Cr range, buyers are now spoilt for choice.
But with choice comes confusion. Which builder offers actual value? Which layout makes more sense in real life? And more importantly — how much does a delayed possession cost you?
BeyondWalls presents the most comprehensive homebuyer report on Punawale, built to answer these questions with facts, not flyers. This blog gives you a preview. The full report, available for download below, helps buyers save big — not just on the price, but on future rent, EMIs, and wrong decisions.
The Hidden Costs Most Homebuyers Ignore
Price per sq.ft. is only part of the picture. What most homebuyers don’t realize is how fast a seemingly affordable ₹70L 2 BHK can cross ₹1 Cr — simply due to delayed possession and overlooked layout inefficiencies.
What drives up real cost?
Possession Timelines: A delay of 2–3 years can lead to ₹10–₹25L extra in rent and pre-EMI
Layout Waste: A poor 2 BHK layout can make 800 sq.ft. feel like 650 sq.ft.
Developer Delivery History: Legal, structural or pace issues affect your financial exposure
Unusable Amenities: Large amenity decks may look attractive but offer little actual value
Example: A Developer offers a premium 2 BHK with lots of amenities on offer at ~₹73L. But with possession in 2031, your rent and pre-EMI burden can exceed ₹30L — taking your real cost above ₹1 Cr. Without factoring this in, your cost planning is incomplete.
Data That Drives Smarter Buying Decisions
BeyondWalls analyzed 11 active projects in Punawale across the following parameters:
Layout Efficiency
Possession Timeline
Total Ownership Cost (incl. rent + pre-EMIs)
Brand Legacy & Construction Record
Amenities & Liveability
Accessibility to NH4 & Hinjawadi
Highlights from the Analysis:
Lowest Ownership Cost (2 BHK): 4th Axis at ₹82.2L — driven by early possession
Best Balanced Project: West World & Millennium Samriddhi– excellent layout, brand, access, and mid-term handover
Highest Hidden Cost: 108 Astera and PuneVille – 5–6 year handover delays drive up ownership costs.
Under-Rated Value Picks: Legacy Milestone & Akshara Grandeur – efficient layouts, mid-tier prices, strong timelines
In several cases, a project with a base price of ₹70–₹75L eventually results in a real outflow of ₹1–₹1.25 Cr, when rent and pre-EMIs are accounted for. This report helps you catch that before you commit.
Choose the Right Home, Not Just the Right Price
Every Punawale project comes with its own strengths and risks. Based on our research:Buyer TypeBest-Matched ProjectsBudget BuyerLegacy Milestone, 4th Axis, Akshara GrandeurEnd-Use FamilyWest World, PuneVille, LR QriousGreen Living Seekers & Lifestyle Focus108 Astera, Akshara GrandeurFast Possession FocusedWest World, Basil MaximusLong-Term InvestorsCode Irise, Millennium Samriddhi
The real estate market is complex — but your decision doesn’t have to be. BeyondWalls simplifies it with clear, data-driven comparisons and verified insights. Whether you’re buying to live or invest, this report helps you avoid costly mistakes.
Get the Full Report
This blog is only the surface. The full 8-page Punawale Buyer Guide includes:
True cost comparison tables (ownership-adjusted)
Layout and liveability ratings
Developer delivery scores
Possession timelines and risk mapping
Shortlists by buyer type and budget
PDF LINK : https://corporate.beyondwalls.com/wp-content/uploads/2025/06/Punawale-Unlocked.pdf
BeyondWalls – India’s Leading Integrated PropTech Ecosystem
BeyondWalls is India's leading integrated PropTech ecosystem, designed to streamline the real estate buying and selling process. Backed by Aurum PropTech and powered by K2V2 Technologies, BeyondWalls facilitates seamless collaboration between real estate developers and channel partners (brokers) to offer end-to-end solutions for home seekers. Beyondwalls+8Lusha+8Apple+8Beyondwalls+6Beyondwalls+6Beyondwalls+6
With a robust network of over 1,000 clients and 3,500+ channel partners, BeyondWalls has successfully sold inventory worth over ₹40,000 crore. Their platform has generated more than 50 million leads and managed 450 million+ customer interactions, reaching 780 million consumers over 15 years. Beyondwalls
BeyondWalls offers tailored services for developers, including sales partnerships to boost sales velocity and marketing partnerships for targeted audience engagement. For brokers, the platform provides tools to manage payouts, track customer interactions, and access real-time project information, enhancing efficiency and transparency in the real estate ecosystem. Beyondwalls+1City Today News+1Apple
Recognized for its innovative approach, BeyondWalls has received 15+ awards for real estate projects and marketing campaigns, solidifying its position at the forefront of the PropTech movement in India.
Unlock New Opportunities in Real Estate with BeyondWalls
In today's dynamic real estate market, developers face numerous challenges in reaching potential buyers and maximizing sales. The need for a comprehensive and efficient platform to showcase properties has never been greater. That's where BeyondWalls steps in, revolutionizing the way developers sell properties across various locations with ease and effectiveness.
Why Choose BeyondWalls?
BeyondWalls is not just another real estate platform—it’s a cutting-edge ecosystem designed to empower developers by connecting them with a vast network of buyers and investors. Whether you have residential projects, commercial spaces, or luxurious villas, BeyondWalls provides the tools and resources to market and sell properties seamlessly.
A One-Stop Platform for Developers
At BeyondWalls, we understand the intricacies of the real estate industry. That’s why we offer a hassle-free, tech-driven platform that helps developers:
Reach a wider audience: Market properties to a vast network of potential buyers across different locations.
Enhance visibility: Get featured on a premium platform with innovative marketing strategies.
Boost sales: Leverage data-driven insights to optimize pricing and target the right customers.
Simplify transactions: Utilize seamless digital tools for documentation, payments, and customer management.
Expanding Your Real Estate Reach
BeyondWalls is designed to eliminate traditional barriers that developers often face when trying to sell properties. Whether you're a small-scale builder or a renowned developer, our platform ensures that your listings get maximum exposure. Sell Properties in Different Locations
Location is a crucial factor in real estate success. Developers can list and manage multiple properties across various regions without the complexities of traditional marketing. BeyondWalls provides a structured platform that showcases real estate offerings in high-demand areas, ensuring a higher conversion rate and a smooth sales process.
Seamless Digital Integration for Developers
With technology at its core, BeyondWalls integrates digital solutions that make property selling more efficient. Our platform includes:
AI-powered property recommendations for buyers
Smart lead management systems
Digital advertising solutions
Real-time analytics for tracking sales performance
This ensures that every developer using BeyondWalls has a competitive edge in the real estate market.
Join the Future of Real Estate with BeyondWalls
If you're a developer looking to expand your reach, increase sales, and simplify your real estate transactions, BeyondWalls is the ultimate solution. Our platform is built to connect property developers with the right buyers, ensuring that every listing gets the attention it deserves.
Visit BeyondWalls today and take your real estate business to the next level!
Explore New Real Estate Projects in Pune - BeyondWalls
Discover the new residential projects in Pune with BeyondWalls from trusted developers, tailored to your preferences. Start your journey to finding your dream home or investment today!
BeyondWalls - Buy Properties in India, Real Estate Property Site India
Browse residential properties for sale in India at BeyondWalls online property portal in India. Check New Projects, Ready to Move in Flats/Apartments. Choose your dream home from our 100% Verified Listings.
The primary purpose of a real estate mandates is to provide a clear and defined framework for the sale or lease of a property, allowing the agent to market the property effectively, negotiate on behalf of the owner, and ultimately close the deal. Real estate mandates are standard in the industry and can be a crucial component of a successful real estate transaction for the property owner and the real estate agent.