Realty News September 2017 Issue 1

Posted On September 19, 2017

September 2017 Vol 01 Next round of bad loans may be from Realty Bankers have a new worry these days ­ real estate ­ after being laid low by infrastructure and steel for more than four years. With the collapse of new projects and many existing ones getting stuck after the introduction of Real Estate […]

An ultimate guide to IOD

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Posted On September 15, 2017

IOD or call it Intimation of Disapproval, or as people also say, Letter of Approval, is the approval from the Municipal corporation to sanction the building plan subject to conditions mentioned therein. There are a number of No objection certificates to be obtained, which the applicant collects separately from different departments. Commencement certificate is only […]

You should consider these before renting a room

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Posted On September 8, 2017

Second thoughts come storming in when you start thinking about selecting the right house. Needless to stay, it will become a place where your days will begin. You better make it worth a lifetime! An adrenaline rush hits thinking of unpacking in the new home. But, will life be better there? Or, what if it […]

Realty News August 2017 Issue 2

Posted On September 7, 2017

August 2017 Vol 02 Multiple Cap gains investible in one new house The Income-Tax Appellate Tribunal (ITAT) has held that a taxpayer can invest capital gains for the second or third time towards the same `new’ house property. Tax benefits cannot be denied on this ground, provided the cost of the new house is within capital […]

5 mistakes to avoid in buying a property

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Posted On September 1, 2017

  Buying a property comes in handy with loads of stress. For years we have been dealing with clients, and trust me, everyone’s different in some or the other way. For all these reasons, we decided to share this blog. After reading this you will know the most common mistakes buyers are making. We promise, […]

Do not avoid these before selling a home

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Posted On August 24, 2017

Real estate truly is an arduous process, especially in India. Both in terms of buying and selling a property, there are dimensions most people don’t know about. If you are planning to sell a property, to get the best of your property you should keep check of certain aspects. And, we would be mentioning each […]

Realty News August 2017 Issue 1

Posted On August 23, 2017

August 2017 Vol 01 BMC passes city Development plan The Development Plan for the city has been  passed in the BMC. The resolution will now be sent to the state government with 266 amendments proposed by various political party leaders and over 2,000 civic planning panel recommendations. An official from the DP department of the BMC […]

Why are apartments better than homes?

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Posted On August 17, 2017

Let’s face facts. We all have had a dream of buying our own bungalow, may be a mansion with an ocean view, a huge place where the children could play, or you could barbecue, or cherish the morning bliss. I am sure everyone does, and so do you. But, if not all what you want, […]

Why is it best for NRIs to invest in Real Estate?

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Posted On August 10, 2017

  If you are a Non-Resident Indian, you must have thought about investing in real estate of your country, I am sure. However, the reluctance arises due to misconceptions and the problematic procedure there is. In our previous blog, we tried to clear the concept of NRI investments in India, and here in this piece, […]

Realty News July 2017 Issue 2

Posted On August 8, 2017

July 2017 Vol 02 Realty Market gets a boost as Foreign, Domestic Institutions infuse big money In the backdrop of an ongoing transformation in business environment, Indian real estate is witnessing a robust rise in investment as both foreign and domestic institutional investors are infusing more funds into the sector. The Indian property market has […]

Things to know for NRIs buying a property in India

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Posted On August 5, 2017

In India, real estate investment can bring great boons! For generations, some cities have never failed to help investors make millions. It is an arduous and hectic task for even residents to purchase a property in India, what do we say about the Non-residents. There is a slight difference between the two when it comes […]

Pros and Cons of buying a home in Mumbai!

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Posted On July 27, 2017

“Mumbai is infectious. Once you start living in Mumbai, working in Mumbai, I don’t think you can live anywhere else.” -Yash Chopra. I find this quote very true! It connects to all the Mumbaikars out there. From being the habitat of the most expensive residential property of the world, Antilia, to being the hub of […]

Realty News July 2017 Issue 1

Posted On July 21, 2017

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

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Posted On July 20, 2017

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

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Posted On July 11, 2017

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

Posted On July 6, 2017

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

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Posted On July 5, 2017

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

Posted On June 29, 2017

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

Posted On June 28, 2017

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

Posted On June 14, 2017

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 […]
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