When purchasing a property, especially a new one, many buyers focus primarily on the purchase price and the mortgage. However, there are several other costs that come into play before you actually take possession … READ FULL STORY
Builder-buyer agreements, which are drafted and executed at the time of sale of an under-construction property, act as a sale agreement between the buyer and the builder. The buyer and the builder have to … READ FULL STORY
In a move to attract more buyers for homes built by the agency, the Delhi Development Authority (DDA) has approved a plan to apply preferential location charges (PLC) in its housing scheme for 2021. … READ FULL STORY
Shweta Jha, a journalist, was house hunting in Bengaluru. After a lot of research on the market, upcoming locations and price comparison, she finally zeroed in on an apartment in Outer Ring Road. The … READ FULL STORY
Taxes and duties constitute a large part of the total home buying cost. There are four types of taxes and duties that are levied on the purchase of homes in India – stamp duty, … READ FULL STORY
In a recent judgment, the Delhi High Court has held that service tax cannot be levied on the purchase of under-construction flats. Presently, service tax of 15% is levied on 25% of the consideration … READ FULL STORY
The Delhi High Court has ruled that no service tax can be levied, in respect of the agreements entered into between buyers and builders for flats in an under-construction building in a housing project. … READ FULL STORY
