Property tax has to be paid by all property owners to the local municipal body irrespective of the type of property owned. A key revenue source for the municipal body, this is used to … READ FULL STORY
The Real Estate (Regulation and Development) Act, 2016, (RERA) is an act passed by the Indian parliament. The RERA seeks to protect the interests of home buyers and also boost investments in the real … READ FULL STORY
Understanding the terms carpet area, built-up area, and super built-up area is essential when purchasing property. These measurements define the actual space you get within your home and how much you’re paying for it. … READ FULL STORY
January 19, 2024: West Bengal has revised the flat and house registration module according to the Real Estate Regulatory Authority guidelines, according to a TOI report. Houses and flats in the state will now … READ FULL STORY
January 4, 2024: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has directed all residential project developers to ensure the sale of apartments based on carpet area only, according to media reports. As … READ FULL STORY
One of the terms that define the size of a residential or commercial property is plinth area. A proper knowledge of plinth area is important for all prospective homebuyers. What is plinth area? The … READ FULL STORY
In the post-COVID-19 era, as the concept of cross ventilation, open spaces and wellness gains ground, balconies in apartments have once again become a focus area in urban real estate markets. While individuals from … READ FULL STORY
The area of a property is often calculated in three different ways – carpet area, built-up area and super built-up area. Hence, when it comes to buying a property, this can leads to a … READ FULL STORY
Parties involved in real estate transactions, often hear many unique sector-related terms. This may often be confusing, especially for first-time buyers during an already complicated and stressful home-buying journey. In this article, we simplify … READ FULL STORY
Radhika Mehta, a software professional, bought an upscale 1,500-sq-ft apartment at Vaishali, Ghaziabad, in a project with high-end amenities for Rs 2 crores. Her long-time chartered accountant friend, Sarthak Sharma, preferred to buy an … READ FULL STORY
In a move that could incentivise the construction of affordable homes in India, finance minister Nirmala Sitharaman, on February 1, 2021, extended the scope of the tax holiday provided to affordable housing projects. By … READ FULL STORY
As the much-awaited Development Plan (DP) 2034 of Mumbai was unveiled by the state government in May 2018, the ‘Development Control and Promotion Regulation 2034 (DCPR 2034)’ was put up for public suggestions. Now, … READ FULL STORY
Q: What is self-redevelopment? How has self-redevelopment been a crucial aspect for societies, especially in aggressive real estate markets such as Mumbai? A: Under self-redevelopment, the entire redevelopment process is planned, executed and managed … READ FULL STORY
