Category: News
The new process of online property registration in Delhi has helped people get things in no time. The old traditional way was time-consuming and complicated; the Delhi government introduced an online registration portal to ease the procedure for registration of property in the city. To know more about the online property registration process in Delhi, read on here. Online Property registration in Delhi is a crucial part of a real estate transaction as only a well-executed registration permits the transfer rights to the buyer and proves his legal ownership of the property. However,…
Rental properties are presently subject to service tax, under certain conditions. We examine how the proposed Goods and Services Tax and the provisions for tax deduction at source, will impact one’s rental income The rental income from a real estate investment, is taxed under the head ‘Income from House property’ under the income tax laws, which is a direct tax law of the country. Properties that are let-out, are also subject to indirect taxation in the form of service tax, presently. The lessee of the property is also required to deduct…
As the law allows a person to own multiple homes and avail of multiple home loans, we look at the implications on tax exemptions on the home loan for the second house There is no restriction on the number of properties you can own. Similarly, there is no restriction on the number of houses for which you can take home loans and claim tax benefits, either under the tax laws or banking laws. However, the amount of home loan available to you for all the properties taken together, shall depend on various factors…
A gift of a property that is valid and accepted by a donee, cannot be revoked by the donor, except under certain special circumstances. We look at the cases where revocation is possible With many children opting to migrate out of India for employment and the gradual disappearance of the joint family system, parents with limited means may find it difficult to make ends meet, in case their children do not support them. Often, many parents also transfer their properties to their children due to various reasons. After the property is…
If you want to know what is RERA, then this post is for you. This post summarizes basic information about RERA and how exactly it will going to help the Indian citizen. The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost investments in the real estate industry. The Act establishes Real Estate Regulatory Authority (RERA) in each state for regulation of the real estate sector and also acts as an adjudicating body for speedy dispute redressal. The…
Leading property consultant Anarock on Monday (12 August) said that it expected the property prices in the erstwhile state of Jammu and Kashmir to soar, reports Economic Times. As per the property consultant, property prices in Srinagar have been hovering in a very low range of Rs 2,200 to Rs 4,000 per square feet, which is much too low for a tier-2 or tier-3 city in India, compared to other such cities. The development, if materialised, would usher in a boom in the real estate market in the region, while benefiting the locals…
Safety has become a key concern for citizens amid rising instances of criminal activity in the country. While the overall state of safety is not quite encouraging in India, some states are doing much worse than their neighbors. According to data released by the National Crime Records Bureau (NCRB) in 2016, Delhi recorded the highest number of crimes committed under the various sections of the Indian penal Code (IPC). Following the national capital, was Kerala in this dubious list. A state-wise breakup shows that Uttar Pradesh accounted for 9.5 percent…
The Delhi Development Authority (DDA) has announced that it will refund the registration amount of the unsuccessful applicants of its Housing Scheme 2019, in a week’s time. Apart from this, the successful applicants can also exercise the option of surrendering the allotment or getting a refund of the registration amount without any deduction, up to 15 days from the date of issue of demand-cum-allotment letter, issued on the DDA’s website. According to media reports, around 3,000 applicants have already surrendered 1BHK flats at Narela, due to a shortage of public transport…
The real estate business is growing as people want to buy classic as well as premium residential units for their family. Therefore, it is always advisable to choose the real estate companies according to the quality residential developments and customer satisfaction. So, here we are with top builders and developers in Noida. ATS Greens With lush greenery, architectural marvels and numerous resident centric facilities, ATS Greens offers home buyers a perfect getaway from the city mayhem, while they are right in the heart of the city. The company has successfully developed 20…
India grows with a rapid pace and has one of the most interesting real estate markets, together with Vietnam, according to PWC. This is mainly thanks to long-term economic growths and a shift in manufacturing trends in the region. Not surprisingly, this also means more work for local and international real estate companies and developers. And of course, more and more property investors turn their eyes to these countries. In this article, I list some of the top real estate builders in India. 1. Godrej Founded in 2010, Godrej Properties is a subsidiary of Godrej…