The real estate segment extends RERA assurance to the residential and commercial properties — mostly for newly launched and under-construction properties. But, then there is a third segment — that of resale properties. In … READ FULL STORY
A frequently asked question by many home buyers is –“Can I buy a property from the first owner who does not have a sale deed in favour of him?” Simply put, this question means … READ FULL STORY
October 26, 2023: Owing to the deteriorating air quality in Mumbai, the Brihanmumbai Municipal Corporation (BMC) has banned open burning in the city. This is as part of the BMC’s Guidelines for Air Pollution … READ FULL STORY
Looking at investing in a property and don’t know where to begin? We give you an outline on the most important tips to follow while considering real estate investments. Why property investment? This … READ FULL STORY
For 90% people, who buy an already constructed home, ascertaining the construction quality always remains a challenge. Whether it is a big-scale residential project or a duplex or an independent floor, it is really … READ FULL STORY
The purpose for which a residential property is purchased, is crucial when it comes to deciding between an under-construction, ready to move (new property), or a resale property. You may buy it for occupancy … READ FULL STORY
A holding period of 24 months is crucial for a person to be able to claim tax benefits associated with long-term capital gains on property sale. Long-term capital gains give a property seller the … READ FULL STORY
Due to the options of staggered payments and lower rates, many people opt for an under-construction property without realising its financial risks. Here are some of the benefits of a ready-to-move property as compared … READ FULL STORY
There are several abandoned and derelict under-construction projects in Mumbai, Navi Mumbai and Thane. For instance, in October 2009, Ajay Singh (name changed on request) invested in a 3-BHK, of a 16-storeyed under-construction project … READ FULL STORY
Service tax and VAT are applicable, only on properties that are booked at under-construction stages. So, both these taxes cannot be levied on properties that are purchased, after the builder has obtained its completion … READ FULL STORY
Often people pick booking under-construction properties over ready houses because of their lower rates. However, they do so without realising the risks involved; both, the income tax and financial implications. This feature deals with … READ FULL STORY
It is no secret that ready-possession projects or projects nearing completion are costlier than under-construction projects. Nevertheless, many buyers are eager to acquire property on an immediate basis rather than waiting. There are sound … 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
