News Updates
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Property registration sinks in Mumbai
Mumbai real estate, the most developed and emerging market which supports the industry the most. But as compared to July, the property registration has immersed in August because most of the homebuyers put their foot backward while registering their property as they have waited for the announcement of the reduction in stamp duty charges by the government. The stamp duty collection in August is Rs.202crore which is comparatively lower than July which was Rs.240crore in July. The affordable
Process of acquisition from Joka-Esplanade Metro in Kolkata
The working procedure of Joka-Esplanade Metro has been started including the underground land acquisition. A joint survey has been done on land by the Rail Vikas Nigam Limited (RVNL) and Kolkata Municipal Corporation (KMC), the monitoring agency of Kolkata metro projects. Under the jurisdiction of the Metro Railway (Construction of Works) Act the notifications will be issued for acquisition of 1.5km stretching between Mominpore and Ekbalpore. There is the stretch of land about 400m
The daughters also have the right to HUF property as per the law
As per the notifications of the amendment, the daughters are also having the legacy right on the property if both the father and daughter were alive from the announcement of the law as of September 9, 2005. The Supreme Court has stated the judgment in the favour of daughters that they also have equal rights on the HUF property (Hindu Undivided Property). To redress the complications a committee including three judges clarifies that as per the rules of the Hindu Succession Act, the
Reconstruction of loans by RBI for more relief to the stressed real estate developers
To provide more relief to the stressed real estate developers and borrowers of the housing segment, the RBI has given the moratorium of 2years for a one-time reconstruction of loans. The one time reconstructing of loans will not be categorized as non-performing assets and hence it will be recommended with the help of experts if needed. The RBI’s indulgence in this scenario is highly appreciated because it is necessary for unchanging the policy rates and also to revive the sector
100% waiver on the interest of property tax dues: KMC
There is a total due of Rs.3500crore on property taxes. The Kolkata Municipal Corporation (KMC) has provided the 100% waiver on the interest outstanding taxes from August. This offer is valid for six months as per the guidelines of KMC. Previously, the defaulters got the waiver of 50% on the interest of property taxes which was yet to be paid to the Kolkata civic body. But now, the KMC has taken a berserk step for the compensation of revenue tax loss which was faced during the lockdown
Why should we invest in Kolkata Real Estate?
Investors should plan to invest in Kolkata real estate after investing in gold because it assures the best and beneficial guaranteed returns. This city is gradually showing the improvement in infrastructure and housing segments. It has a wide range of residential and commercial units that support the bulk population and tenants. There are various factors for which the investors from the country and even from abroad attracted to the Kolkata Real Estate. We will give you the most convincing
5 Reasons To Invest in Alipore in Kolkata
Alipore is a neighborhood destination in South Kolkata and referred to as one of the extravagant areas where the property costing exceeds 2 billion. The best part of this suburb is it is developed and maintained infrastructural facilities. As it is one of the costliest pin codes in Kolkata, people could find the best luxury homes for a business-class lifestyle. One of the best luxury projects in Alipore is “88 EAST” which is redefining the standards of living. Alipore is the best
5 Reasons To Should Invest In Kolkata's Salt Lake City
Salt Lake City is an aspiring destination of North Kolkata as it is most preferred for both commercial and residential spaces. This place has a vast range of residential units and upgrades with all infrastructural facilities and always on high demand by the potential homebuyers of India and from abroad. Salt Lake City witnessed the growth of Kolkata's real estate for many years. 1. Landscape- Salt Lake City has all the nearest locations like the city centre and enriched with the
Have a conversation with us while investing in real estate
Most of the people across the country want to make more money other than their profession. They always try to find scopes for widening their income. They should calculate their expenses and savings from their income and then should make a strong ground to invest. Most of the people make a smart decision to invest in real estate . Before investing in the real estate industry, people should maintain and remember some factors which will be helpful for them to make a profit. The investor should
Refund the booking amount: MREAT orders omkar ventures
The MREAT (Maharashtra Real Estate Appellate Tribunal) asked the Omkar Ventures to refund the booking amount of the buyer which has been forfeited by showing some clauses in the allotment letter. The appellate jurisdiction set aside the MAHARERA and said that no developer can seize the booking amount illegally by showing certain clauses in allotment letter by signing t forcefully. The tribunal jurisdiction said that homebuyers should not face such problems created by the developers.
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Recent Posts
- Property registration sinks in Mumbai
- Process of acquisition from Joka-Esplanade Metro in Kolkata
- The daughters also have the right to HUF property as per the law
- Reconstruction of loans by RBI for more relief to the stressed real estate developers
- 100% waiver on the interest of property tax dues: KMC
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