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News Updates

07 Aug19

Article 370: Removal of ‘special status’ for Jammu and Kashmir and its impact on real estate

We examine the impact of the revocation of Jammu and Kashmir’s special standing below Article 370 and also the provisions of Article 35A, on women’s property rights, succession rights of youngsters and avenues for personal investment and jobs, followed by housing demand The government, on August five, 2019, revoked the ‘special status’ granted to the state of Jammu and geographical area, below Article 370 of the Indian Constitution and additionally repealed Article 35A.

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11 Jul19

WB Cabinet Gives a Go to the Amended Thika Tenancy Act

West Bengal cabinet finally blew the green signal for the 'Thika Tenancy' (Acquisition and Regulation) Act. This Act facilitates people living on a 'Thika Tenancy' land. With this amended law, these people can construct their own house or make an alteration on the land/house they have been staying.The amended act would finally privilege inhabitants of the Thika Tenancy land esp. the slum dwellers of Kolkata, Asansol, and Howrah. Finally, they are allowed to construct G+4 structures (each floor

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24 Jun19

Home Buyers Now Have a Keen Eye on Buying a Flat in Newtown, Rajarhat

The real estate sector of Kolkata is going through a rapid transformation. It seems like the property market is coming out from the staling state after demonetization and GST. This market has now gained huge momentum. The uneasiness about the GST being cut down, Newtown has evidently increased the buyers’ interest in the recent time. The real estate market had not seen an uprising for more than one year and no new launches Flats In Rajarhat came up in the past six months. The passive

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14 Jun19

Government Moderates the Rate of ESI Contribution from 6.5% to 4%

The rate of contribution under the ESI Act has been cut off to 4% from 6.5% by The Government of India (employers’ contribution being reduced to 3.25% from 4.75% whereas the employees’ contribution is being reduced to 0.75% from 1.75%). These rates will be active from 01.07.2019. These changes will benefit 3.6 crore employees and 12.85 lakh employers. The reduced rate of contribution will bring about a considerable relief to workers and it will benefit later enrolment of the workers

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13 Jun19

Conflict to be taken to NCDRC if the flat value and claim exceeds Rs 1 Crore

When a flat cost exceeds Rs 1 crore its buyer will now have to file a consumer dispute directly in front of the national commission in Delhi, not before state commission in the city. The Maharastra state consumer dispute redressal commission recently stated that price of a flat will decide which commission has jurisdiction to hear disputes filed under Consumer Protection Act (1986). The market for affordable housing in Mumbai Metropolitan Region (MMR) which gained fame mostly in Kandivali,

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12 Jun19

Recently Alipore is Reaching Heights in Terms of Properties

Best property selling locality: Alipore It is said that Alipore is almost as old as Kolkata and British developed most of Alipore. Alipore having a historical outlook with old Kolkata building has become a tourist attraction over the years, notwithstanding the changing society Alipore has remained the same and has been on the green area list right after Saltlake. The home buyers are aiming at purchasing their property in Alipore not only for the area also for the developing amenities who could

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10 Jun19

Calculation of the property coming from selling a house

The profit coming from selling a house is called “Capital Gains”.  Let’s look at how the tax on these capital gains is calculated and the opportunities that taxpayers have, to reduce the tax burden. The “capital gains” is one of the points of the Indian tax laws. The profit coming from the sale of a capital asset is taxed under the “capital gains”. According to the tax policy the holding time Due to the reason for imposing a tax on capital gains,

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04 Jun19

Property Buyers Are Even More Hopeful: Boost in Real Estate Market

The homebuyers have found their way back to real estate for obvious reasons, with the onset of a big boost in the industry in two year for the favourable property price, cuts in goods and service tax (GST) and growing expectations of lower interest rates have challenged other industries returning the loyal consumers of real estate. Leaving out the steady improvement pace that this sector has taken the relatively lower number of launches is also supporting the market hobble back to regularity.

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04 Jun19

How the Buyers will Deal with Agreements without Possession Date

A lot of developers, in the past, have not mentioned the possession date in the agreement. Times have surely changed and there is a lot that home buyers can do, under RERA, in such cases when judgment passed have come out on favor of the homebuyers. Plenty of cases are an example of homebuyers facing delays in getting the possession of their property. In a lot of cases, it has so been that more than five or six years have passed by. Few developers have crossed the line by not mentioning the

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04 Jun19

Which Colour is Accurate According to Vastu

Each colour has significance on the inhabitants, hence experts’ advice on choosing the accurate colours for various rooms in your residence.  We know that different colours have a significant psychological impact on people. Since your house is the place where major time is spent keeping in mind that colours generate distinctive emotions in people. Hence, it is essential to keep an appropriate balance of colours in your residence to feel fresh and live a healthy life. Residential

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