What is land banking and how does the business of land banking work? Land banking is the practice of aggregating parcels or blocks of land at current market rates or lower, for future sale … READ FULL STORY
Stamp duty is a state subject and is administered by the respective states. The government of Maharashtra, on March 1, 2019, announced an amnesty scheme with respect to the penalty that can be levied … READ FULL STORY
Karnataka chief minister HD Kumaraswamy, on June 13, 2019, launched 118 websites that would enable citizens to get building plan approvals, diversion of land use change and other related permissions through online submissions, avoiding … READ FULL STORY
What if your house is transformed into a glitzy film set one day, abound with artsy furnishing, props and your favourite stars? While this may be exciting, several risks also exist. Finding overturned settees, … READ FULL STORY
The taxation on property purchase, has become much simpler than it was before. With the roll-out of the Goods and Services Tax (GST), several taxes previously applicable on real estate purchase (VAT, service tax, … READ FULL STORY
The Indian real estate sector has witnessed a sea change, over the last couple of years. However, in spite of the advancements in construction, the use of high-end technology, the advent of smart homes … READ FULL STORY
The West Bengal cabinet has taken a decision, to introduce an online system for granting mutation of properties, the state’s chief minister Mamata Banerjee said, on December 24, 2018. The move will benefit people … READ FULL STORY
Around 50,000 flat buyers in Noida and Greater Noida, who are living ‘illegally’ in their houses, as they are yet to receive the occupancy certificates from builders, can now get a ‘sub-lease agreement’, to … READ FULL STORY
For a home buyer, the much awaited sense of ownership of the dream home, follows the execution and registration of the sale deed. The sale deed, from the seller to the buyer, is the … READ FULL STORY
On May 1, 2017, all 92 provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA or the Act) were brought into force. The Act has introduced new obligations on real estate developers … READ FULL STORY
Update on March 12, 2019: The government of Maharashtra, on March 1, 2019, announced an amnesty scheme with respect to the penalty that can be levied for insufficient payment of stamp duty made in the … READ FULL STORY
The Madras High Court, on October 1, 2018, restrained the registration department from registering any mortgage deed, involving a portion of a marshland in Chennai by a private IT company, as a security for … READ FULL STORY
In a bid to track ongoing residential projects, which have still not registered with the MahaRERA, consumer body Mumbai Grahak Panchayat (MGP), on September 26, 2018, launched a portal that will enable buyers to … READ FULL STORY
