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News Updates

05 Feb24

Scheme Offers Hope for Small Homes on Kolkata Outskirts

Real estate industry leaders stated that a special housing scheme aimed at the middle class, including those living in rented houses, slums, and unauthorized colonies, could help boost sales of affordable homes. This comes after Union finance minister Nirmala Sitharaman hinted at the scheme during the budget speech, as home loan interest rates have risen and home prices have increased, impacting sales negatively. Developers also mentioned that the introduction of a specific scheme for

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18 Jan24

West Bengal: New Home Stamp Duty Rule

The state has now updated the registration process for flats and houses to align with RERA guidelines. Instead of the previous norm of registering based on super built-up area, homes will now be registered based on carpet area. The state has now updated the registration process for flats and houses to align with RERA guidelines. Instead of the previous norm of registering based on super built-up area, homes will now be registered based on carpet area. The super built up area, which includes

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18 Jan24

MahaRERA: Single Registration for Each Project

The Maharashtra Real Estate Regulatory Authority (MahaRERA) now requires each standalone project to have a single registration number in order to protect the interests of homebuyers. The regulatory authority implemented this measure in response to instances where developers obtained two or more MahaRERA registration numbers for the same real estate project or parts of it. The directive, issued on Wednesday and effective immediately, aims to prevent fraudulent practices and protect homebuyers

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