Vinita Menon is a content writer and social media manager with over three years of work experience, most of which has been in the Indian real estate industry. She writes research-based, long-form articles for real estate and travel websites and social media content for clients in varied industries, namely fashion and art.
Owners of residential properties in Bengaluru are liable to pay property tax to the Bruhat Bengaluru Mahanagara Palike (BBMP) every year. The municipal body utilises these funds to provide civic facilities, like the maintenance … READ FULL STORY
For property buyers in Delhi, it is important to know that stamp duty and property registration charges are revised periodically, while the amount contribute as the state government’s largest revenue sources. Stamp duty and … READ FULL STORY
Leasehold refers to a property tenure, where one party buys the right to occupy the property for a given length of time (30 to 99 years). In a leasehold land, the authority (usually, a … READ FULL STORY
Owners of residential properties in Kolkata, are liable to pay property tax to the Kolkata Municipal Corporation (KMC) every year. The municipality uses the funds collected as property tax, to provide important civic facilities … READ FULL STORY
Capital gain refers to the profit that one earns through the sale of a capital asset, such as real estate, or even stocks or bonds. It is the difference between the selling price of … READ FULL STORY
In property transactions, one would invariably hear the term ‘conveyance deed’. Since conveyance deed is not something one would have a clear understanding of, unless one has dealt with matters of property, it becomes … READ FULL STORY
Of the many jargons that one would invariably come across in real estate transactions, are FAR and FSI (floor space index). The two terms, which stand for one and the same thing, confuse many … READ FULL STORY
What is freehold property? A freehold property is one, where the owner/society/residents’ welfare association owns the building and the land that it stands on outright, in perpetuity. A freehold is generally bought through an … READ FULL STORY
An occupancy certificate (OC), issued by the local authorities, certifies that a building is fit for occupation and has been constructed as per the approved plan and in compliance with local laws. Occupancy … READ FULL STORY
A commencement certificate is a document from the local municipal authority that permits the developer to begin construction of the project. The commencement certificate (or CC) is usually granted, only after the developer has … READ FULL STORY
Owners of residential properties in Pune, are liable to pay property tax every year to the Pune Municipal Corporation (PMC) or the Pimpri Chinchwad Municipal Corporation (PCMC), based on the location of their property. … READ FULL STORY
One may often hear projects being described as ‘greenfield’ or ‘brownfield’, lading one to wonder what the basic difference between the two is. While we will talk at length about the nitty-gritty of this … READ FULL STORY
The Mumbai Coastal Road project was planned years ago, to connect south Mumbai with the northern areas of Mumbai’s suburbs. However, the project remained stuck due to environmental clearances. The plan was revived in … READ FULL STORY