Real Estate Guide Articles

Realty News July 2017 Issue 1

July 2017 Vol 01 BMC passes proposal to remove property tax on sub-500 sq ft flats BMC has passed a proposal to exempt all houses up to 500 sq ft from property tax the biggest poll promise by the ruling Shiv Sena during civic elections. The proposal, which was passed unopposed in the civic […]

Reasons to buy a property before 2017 ends

Do you plan to buy a property anytime in the future? If the answer is yes, you are doing the wrong thing by waiting. Making a real estate investment is indeed a critical thing! Frankly, it takes away all your savings at once. However, don’t you think the returns are worth it? We have all […]

Rent or Purchase- things to consider before making a choice

Trying to unravel the complicated concept of comparing property cost to rental value? Indeed, it is a crucial aspect to think about at any stage in life. There are pros and cons of both, and considering the pre-eminent aspects of your life, you take a decision. Will it be fine if, under the spell of […]

Realty News June 2017 Issue 2

June 2017 Vol 02 `India tops list of nations receiving remittances’ Indians working across the globe sent home $ 62.7 billion last year, making India the top remittance-receiving country surpassing China, according to a UN report. The `One Family at a Time’ study by the UN International Fund for Agricultural Development (IFAD) said about 200 million […]

RIGHTS OF HOME BUYER UNDER RERA

1. The right of Information: The allottee shall be entitled to obtain the information relating to sanctioned plans, layout plans along with the specifications, approved by the competent authority and such other information as provided in this Act or the rules and regulations made thereunder or the agreement for sale signed with the promoter. (Section […]

3 Major reasons for not purchasing a new home

The idea of buying a home is accompanied by a million second thoughts and doubts. For an obvious reason, that it requires a huge investment! Thinking of the high prices of properties, it becomes very difficult to stop reconsidering the purchase. To add to this stress, the real estate market keeps on fluctuating. However, Mumbai, […]

Realty News June 2017 Issue 1

June 2017 Vol 01 Realty buyers in state to now pay VAT on staggered payments In a move that would impact all real estate transactions across the state, the Maharashtra government has issued a notification to levy value added tax (VAT) based on staggered payments received from home buyers. With this, buyers making payments before June-end […]

Registration of Project under RERA

1. Registration criteria Every project where the area of the land propose to be developed exceeds 500 meters as the number of apartment proposes to be developed or number of apartment exceeds 8, such project shall be compulsory required to be registered by the promoter with the Real Estate Regulator Authority (RERA). 2. Application for […]

Realty News May 2017 Issue 2

May 2017 Vol 02 Mumbai ranks 24th in Luxury Home Price Rise Mumbai ranked 24th among 41 cities globally with 1.1% price rise of luxury homes for the year ended March 2017 Guangzhou in China was first n the global list of 41 cities with 36.2% price growth, according to `Q1 2017 Knight Frank Prime […]

Introduction to RERA Act

BACKGROUND Housing sector is one of the top contributors to country’s GDP and employment creation. Surprisingly, inspite of being such an important part of the economy, the real estate sector has remained by and large unregulated. The Real Estate sector is, to a limited extent, controlled and regulated at the local government’s level with every […]

Realty News April 2017 Issue 1

April 2017 Vol 01 75% of port land allotted for open spaces, roads As much as 75% of the 858 acres (390 hectares) of Mumbai Port Trust (MbPT) land will be a green zone and earmarked for open spaces and streets, according to a draft plan prepared by the consultant. Last November, a consortium of HCP […]

Realty News March 2017 issue 2

March 2017 Vol 02 Invest now, Regret never Is real estate still the best bet when compared to other asset classes? Our experts certainly think so! And they substantiate this claim with strong reasoning as well. Real estate is one of the most stable assets; It can generate an ongoing income source; It can also rise […]

Realty News March 2017 issue 1

March 2017 Vol 01 Navi Mum realty soars as airport project takes wing The finalization of bid for the Rs 16,000-crore Navi Mumbai airport project has led to an increase in enquiries about properties in the vicinity and house registrations in parts of the city. The GVK group on February 13 won the bid for the […]

Realty News February 2017 issue 2

February 2017 Vol 02 Govt to give Tax benefit to first-time Homebuyers The government will give a benefit of Rs 2.4 lakh to firsttime home buyers with taxable income below Rs.18 lakh a year, which would be a game changer for the sector, Housing and Urban Poverty Alleviation Secretary Nandita Chatterjee said.The secretary said the scheme […]

What is income property tax law in India

Understanding of Income Tax laws is important in any property transaction. Few terms and provisions which are important to know are: Capital Asset [Sec 2(14)] Capital Asset means property of any kind, whether fixed or circulating, movable or immovable, tangible or intangible, but exclude: Stock in trade held for business Agricultural land in non-urban area […]

Union Budget 2017 – Impact on Real Estate Sector

Real Estate sector has strong co-relation to the economic growth of a country. Slow down in real estate sector has strong impact on slowing down of economy in general and vice-a-versa. India has a huge deficit in affordable housing. Despite a scenario of large need of housing, the real estate sector has been experiencing slowness […]

Realty News February 2017 issue 1

February 2017 Vol 01 Presidential Push? Prices of Trump’s India Projects Increase by 15% The ascension of Donald Trump to US presidency has clearly rubbed off on his family’s real estate projects in India, with property prices at Trump Towers in Mumbai and Pune rising around 15%. The Trump Organization currently has three super-premium residential projects […]

Realty News January 2017 issue 2

January 2017 Vol 02 Diluted real estate act may invite public wrath, Centre tells states The Centre has warned states against watering down the real estate regulation law as passed by Parliament and has said any such move will have serious implications, including a public outcry. The Centre has also made it clear that all ongoing […]

Realty News January 2017 issue 1

January 2017 Vol 01 Revival of REITs may push commercial property prices upwards in area like BKC The government’s demonetization move is likely to bolster the prospects of the much-awaited listings of Real Estate Investment Trusts (REITs) that has so far remained a non-starter. Owing to higher liquidity on account of expected transfer of liquidity from […]

Realty News December 2016 issue 2

December 2016 Vol 02 By 2020, Indian realty to provide $77 billion REIT investment opportunity Indian real estate is likely to provide investment opportunity worth up to $77 billion through Real Estate Investment Trust (REIT) – eligible commercial – office and retail, properties across the country’s top seven cities by 2020. Across these cities, including Mumbai, […]