Claravest is a fractional ownership real estate platform that allows people to invest in various Indian residential properties to earn rental yields and capital appreciation.
Our mission is to make real estate affordable and accessible for all.
We would require the following details to begin the investment process:
1. PAN Card
2. Address Proof (Aadhar, Driver’s License or Passport)
3. Bank Statement or cancelled cheque with name printed (For NRIs, kindly provide NRO bank details only)
Yes, to maximize your investment returns, we require a lock-in period which varies based on the property. However, we are trying to change this in the future to give our investors more flexibility.
Property Appreciation: The appreciation from selling the property will be termed capital gains. Since most of our properties are held for 2 years or more, the resulting capital gains will be considered long-term, currently taxed at 20%. However, this rate can be further reduced by applying indexation benefits.
Rental Yield: The taxation of rental yields will depend on the type of SPV:
– SPVs structured as Private Limited Companies: The rental yields received, categorised as ‘Income from other sources,’ will be taxed in the hands of individual investors according to their respective tax slab rates.
– SPVs structured as LLPs: The rental yields received will be taxed at a flat rate of 30% (plus surcharge and cess, as applicable). However, the income received by the shareholders will be tax-free.