Category: Commercial Real Estate

RERA Uttar Pradesh Fee for real estate developers Project Registration fee To conduct the real estate business, a developer shall pay a registration fee while applying for registration of his project with the RERA authority. He/she can pay the registration fee with a demand draft or a bankers cheque drawn on any nationalized bank or a Co-operative Bank or through online payment mode. In case of Group Housing Project Rs. 5 per square meter – If the area of land for the proposed project does not exceed 1000 square meters Rs 10…

RERA Uttar Pradesh Fee for real estate developers Project Registration fee To conduct the real estate business, a developer shall pay a registration fee while applying for registration of his project with the RERA authority. He/she can pay the registration fee by filling up “Form A” along with a demand draft or a bankers cheque drawn on any nationalized bank or a Co-operative Bank or through online payment mode. In case residential or any other project Rs 10 per square meter – For projects where the area of land proposed to be developed do…

When you buy a home, there are several taxes that the purchaser has to pay. While stamp duty and registration are one-time charges, the property tax is a recurring charge that the owner has to pay every year. How do you calculate property tax The owner of a property is liable to pay the tax levied by the local body (for example, the municipality) and such a tax is called the property tax. This tax may vary from one location to another and there are various other factors that determine the amount…

Auctioned property is a slightly riskier investment and as such, needs to be diligently investigated before the purchase is done. Here is what you should keep in mind In the event where a home owner defaults on the loan taken, the lender is entitled to legally repossess the property. Such repossessed properties are ultimately sold through physical or electronic versions of auctions. Before you decide to buy such an auctioned property, here are the precautions you need to take. Outstanding municipal tax and society dues Generally, the default in payments of EMIs…

What are the financial and income tax consequences that follow, if a property deal is called off or cancelled? We examine Property deals need not always culminate in the execution and registration of an agreement. Sometimes, the deal may not go through and may be abandoned halfway, after the payment of token money or even after some of the payments have been made. The deal may be cancelled by either the seller or the buyer, for any reason. Treatment of token money under the income tax laws, if a property deal…

Investing in commercial spaces, is not the same as investing in a residential property. We look at some of the factors that potential buyers in the commercial real estate segment should consider, to get the best deal Investment in real estate, especially residential properties, is quite popular amongst the investors. However, the benefit and opportunities available for investments in commercial spaces, could be far more significant than residential properties. Rental yields in commercial properties Commercial and residential properties have very different dynamics. From an investor’s perspective, commercial property is normally traded…