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News Updates

29 Dec23

2024 and Beyond: The Evolution of Indian Real Estate

As we approach a new year, it's a good time to look back on the path the Indian real estate sector has taken in 2023 and consider what lies ahead for us in 2024. In 2023, the residential housing market in India experienced an upward trend. The decision of the Reserve Bank of India to maintain stable interest rates empowered homebuyers to invest in their dream homes, making homeownership accessible to a larger segment of the population. In 2023, the residential housing market in India

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27 Dec23

Which is More Profitable: Residential or Commercial Property Investment for Rent and Returns?

Property investment has increased in recent years due to attractive returns. Many are seeking excellent real estate investment opportunities. The question remains: which is better for investment, residential or commercial property? The goal is to secure a good rental income or resale value in the future. Real estate market experts suggest that both residential and commercial properties have their own advantages and disadvantages. Therefore, it's important to carefully consider the advantages

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23 Dec23

Bidhannagar Police seek PG info from New Town RWAs

Bidhannagar Police has begun requesting Resident Welfare Associations in New Town to pinpoint flats converted into paying guest accommodations. They aim to create a database of non-resident paying guests in the housing complexes. Additionally, they are urging owners to keep a record of paying guests' documents and furnish them when required. In October, a 21-year-old aspiring MBBS student, who was preparing for NEET while residing as a paying guest in the city, was drugged and murdered by an

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12 Dec23

Haven’t linked your PAN with Aadhaar? Pay 20% TDS for Property Purchase

If you're planning to buy a property, make sure to link your Aadhaar and PAN cards. Additionally, confirm with the seller that they have also linked their documents. Otherwise, you may need to pay a 20% TDS on your purchase, instead of the standard 1%. As per the Income-Tax Act, if you're buying a property worth Rs 50 lakh or more, you're required to pay 1% TDS to the central government. The remaining 99% of the total cost must be paid to the seller, who can later claim it as credit. After

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