India, Jan. 30 -- A few high-net-worth individuals (HNI), including several Bollywood celebrities, have sold their properties in the Mumbai real estate market this month. Tax experts opine that while possible motives for HNIs selling properties differ from investor to investor, the key reasons could be healthy returns over a period of time or booking profits from real estate to set off capital gains against the loss in the stock market.

HNIs generally invest in shares and the property market. While a bearish sentiment has prevailed in the Indian stock market for a few months, real estate prices have shot up. Therefore, a probable reason investors are selling their real estate assets is to offset the long-term capital gain on the sale of ...