The Annual Schedule of Rates (ASR) might seem like a bureaucratic formality, but it plays a surprising role in the property market. Set by the government, the ASR acts as the minimum value assigned … READ FULL STORY
A lease or leave and licence agreement, determines the relationship between a tenant and the landlord. While most tenancy agreements do not contain clauses dealing with the tenants’ guests, this can often be a … READ FULL STORY
Buyers investing in under-construction properties invariably have to sign tripartite agreements while entering into a contract. Since there is a financial institution also involved in the process, there are a total of three parties … READ FULL STORY
Under the Real Estate (Regulation and Development) Act (RERA), which came into force on May 1, 2017, real estate agents will need to register themselves, to be able to facilitate a transaction. The broker … READ FULL STORY
Abhijeet Kasliwal Marketing head, Kolkata “I have been living on rent for five years and it has been a learning experience. After completing my higher studies in Kolkata, I shared an accommodation with my … READ FULL STORY
The general consensus among many experts today, is that there is limited choice for new real estate investments in India’s metropolitan regions, given the spiralling prices of real estate and the lack of confidence … READ FULL STORY
Some of the leading banks in India, have recently hiked their interest rates on many lending products, including home loans. The rise in crude oil prices, inflation, global tension and fall in the value … READ FULL STORY
When it comes to a women home buyers and investors, they are now getting special attention from the government and banks. “As women increasingly become financially independent, their propensity to purchase a home and … READ FULL STORY
Several banks are now offering aggressive home loan products, such as EMI waivers and interest rate discounts, with the aim of converting fence-sitters into home buyers. Among the various types of home loans, fixed … READ FULL STORY
The regime of indirect taxation in the real estate industry, started as recently as 2004, when service tax was applied to works contracts of commercial properties. It was then introduced to residential properties and … READ FULL STORY
Recently the Brihanmumbai Municipal Corporation (BMC) in its budget, had proposed a surcharge of one percent on the sale and purchase of properties, to fund its infrastructure projects. In yet another move, the Maharashtra … READ FULL STORY
The Brihanmumbai Municipal Corporation (BMC) has proposed a surcharge of one per cent on the buying and selling of properties in Mumbai, to fund infrastructure projects. This would be enforced by the state government, … READ FULL STORY
In some good news for developers and home buyers, the Union Urban Development Ministry has stipulated that housing approvals will be given within 60 days, via an online application process in metropolitan centres such … READ FULL STORY
