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
When you enter into an agreement to buy a property, you have to pay stamp duty to the government. The amount of stamp duty is generally based on the value of the property mentioned in … READ FULL STORY
On the back of critical policy reforms like demonetisation, the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST), 2018 is seeing both, sales and new supply picking up, … READ FULL STORY
The Supreme Court, on September 10, 2018, asked a local authority in Uttar Pradesh to deposit Rs 66.82 crores, received from realty firm Unitech Ltd, with its registry, to refund those who have opted … READ FULL STORY
The primary reason why non-resident Indians (NRIs) want to maintain a wait and watch approach towards the Indian property market, is the high cost of property (according to 40 per cent of NRIs), while … READ FULL STORY
The Indian real estate sector has become one of the fastest growing markets. However, the sector is battling some extreme challenges that act as roadblocks and restrict the sector from yielding full benefits of … READ FULL STORY
The secondary real estate market in India has started showing signs of recovery, after being hit by the demonetisation drive. However, the industry and property buyers expect the government to streamline the market. A … READ FULL STORY
Stamp duty is a compulsory obligation payable on the document which encapsulates the transfer of immovable property, such as real estate. Home buyers are required to pay this when registering the agreement for sale. … READ FULL STORY
Anubhuti Roy, a fashion designer from Gurgaon, feels that the Goods and Services Tax (GST), has failed to fulfill its purpose in the housing market add has made houses costlier. “GST was supposed to … READ FULL STORY
Income tax laws mandate a minimum holding period, before an owner sells his/her residential house, to avail of tax benefits. Let us analyse the various provisions, under the Income Tax Act, to understand the … READ FULL STORY
The Haryana government has collected revenue of over Rs 4,265.18 crores, as stamp duty and registration fees during the period from April 1, 2017 to March 31, 2018, as against Rs 3,260 crores in … READ FULL STORY
Ready Reckoner (RR) rates indicate the value of land or residential and commercial properties of an area, determined by the state government and are published annually. RR rates vary as per the area under … READ FULL STORY
Selling a home requires as much due diligence as buying one, to ensure that there are no disputes and to get the proper return on investment. While legal and taxation aspects are the two … READ FULL STORY
