033 4084 4084 WB HIRA Reg. No: HIRA/A/KOL/2018/000007
Visit: hira.wb.gov.in

 

News Updates

07 Sep22

India house price index goes up by 3.5% in Q1 of 2022-23

During the first quarter of 2022-23, the pricing index for homes in India went up by 3.5 per cent year-on-year, data released by the RBI showed. It is based on transaction-level data obtained from the housing registration authorities in 10 major cities in the country. The cities are: Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai. Large-scale variance was observed in the year-on-year movement of the index across the country's cities and regions, RBI

more ...

23 Aug22

Homebuyers body requests CM Mamata Banerjee to implement RERA laws in West Bengal

Forum for People’s Collective Efforts (FPCE) has written a letter to West Bengal Chief Minister Mamata Banerjee, to take necessary steps to make real estate law RERA functional in the state within one month. FPCE, homebuyers that played an important role in enactment and implementation of RERA, expressed concern over real estate law RERA still being non-functional in West Bengal, leaving buyers at the mercy of builders. FPCE President Abhay Upadhyay, who is also a member of central

more ...

16 Aug22

Real Estate Regulatory Authority Increasing transparency in real estate sector

India’s real estate sector has come a long way in the past few decades. From a largely unorganized and unregulated sector, it has become one of the largest and most resilient real estate industries in the world. Today it is one of the most significant contributors to the country’s GDP. It also employs one of the highest numbers of unskilled and semi-skilled labourers. However, the real estate sector in the country has had a fair share of ups and downs during this period. There were

more ...

08 Aug22

Reason Why Home-Buyers More Interested in Buying a Flat in New Town

Kolkata’s real estate market is witnessing a speedy transformation. The city’s property market, coming out from the stagnation post demonetization and GST, has gained much momentum in recent times. With the apprehension about GST getting cleared, New Town is gradually receiving increased buyers’ interest in recent months. Affordability Is the Key For Buying A Flat in New Town Pricing and value are always the primary concerns while looking for flats for sale in New Town

more ...

05 Aug22

Repo Rate Hike: How will homebuyers get impacted and what should they do?

The RBI increased the repo rate — the rate at which the central bank of the country lends funds to the commercial banks — by 50 basis points (bps) to 5.40 per cent in its bi-monthly policy meeting today. The decision is going to impact a large number of home loan borrowers and impact the prospective borrowers who are planning to buy a new house. Here is how the repo rate influences the home loan rates Every time a home loan is taken, the first thing that comes to mind is the

more ...

30 Jul22

Who has to pay 18% GST on residential rentals?

Union Finance Ministry Nirmala Sitharaman on July 13th, 2022 issued Review of central tax announcement wherein it brought residential rentals under GST ambit from July 18th 2022 onwards with immediate effect. The previous June 2017 order, bringing residential dwelling rented to a registered person under 18% GST tax payment. who is living in a rented flat and doesn't have a registered GST number, won't have to pay 18 of GST. Meaning, that a salaried family staying in a rented house need not be

more ...

26 Jul22

Chinese property stocks rally on $44bn bailout hopes

China will set up a real estate fund to help developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44.4 billion), according to a state bank official with direct knowledge of the matter. The size of the fund would initially be set at 80 billion yuan through support from China Construction Bank and the People's Bank of China (PBOC), the person, who declined to be identified due to the sensitivity of the matter. The source said the fund will be used to

more ...

16 Jul22

Essential 11 Legal Documents While Buying a Property

Use this handy guide to help you navigate the real estate pitfalls you may encounter while buying a home. While purchasing property, it is essential to check that the following documents are in order: Agreement to sell – It is the first document prepared in anticipation of a sale of the property. It contains a detailed description of the property and states the terms of conditions between the buyer and the seller, including the purchase price as agreed upon. Absolute sale deed and title

more ...

09 Jul22

Pandemic leaves imprint on home buying

After two years and three waves, the pandemic appears to be on the wane. But developers believe it'll leave its impress in home-buyers' minds for several times more, leading to advanced demand for larger homes than was previous to the pandemic. While the largest pie of home deals comprised two-bedroom homes the pandemic saw the home buyers willing to invest further to buy bigger homes. Accordingly, demand for three bedroom homes excelled that of two-bedroom apartments in 2020. In 2021, demand

more ...

08 Jul22

Reason To Invest In New Alipore !

If you want to invest money then New Alipore could be a safe choice for you. In one word it is a very peaceful place. It is situated Between Majherhat and Tollygunge. It is the border of Budge Budge section. On the east side, it has Chetla, Behala is on the south side, and Diamond Harbour Road is on the west side of the New Alipore. It is a very popular place. Many people live here. Roads are always busy with traffic jams. Lots of shops and markets are located in this place. What is the best:

more ...