News Updates
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MahaRERA Mandates Real Estate Developers to Set Up Redressal Cells for Homebuyers' Issues
MahaRERA has mandated real estate developers to establish grievance redressal cells to address homebuyers' complaints. At least one grievance redressal officer is expected in these cells for developers' projects. Compliance with this provision will be a crucial evaluation criterion proposed by the regulatory authority. During the property purchase or registration process, homebuyers typically interact with the sales and marketing team. However, if issues arise later, they are often
Relief for Thika Tenancy Applicants in Kolkata
Thika tenancy is a unique system of land tenure in West Bengal, India, where tenants are granted the right to cultivate and occupy land owned by others. In Kolkata, the capital city of West Bengal, thousands of people have been waiting for years to get their Thika tenancy rights. However, their wait has finally come to an end as the government has recently announced a relief package for Thika tenancy applicants. Under the new relief package, Thika tenancy applicants who have been waiting for
Reasons to Buy a Property in BT Road Kolkata
BT Road, also known as Barrackpore Trunk Road, is a prime location in Kolkata that has been witnessing rapid growth in recent years. The area is well-connected to other parts of the city and offers a range of amenities that make it an attractive destination for property buyers. Here are some reasons why you should consider buying a property in BT Road, Kolkata. Excellent Connectivity BT Road is well-connected to other parts of the city through various modes of transportation. The area is
107 Real Estate Projects Up for Deregistration in Maharashtra
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced that 107 real estate projects in the state are up for deregistration due to non-compliance with regulations. The authority has invited objections from developers and homebuyers before proceeding with the deregistration process. The move is part of MahaRERA's efforts to ensure transparency and accountability in the real estate sector. Under the Real Estate (Regulation and Development) Act, 2016, developers are
Gift Your Father a Flat on This Father's Day
Father's Day is a special occasion to express your love and gratitude towards your father. It is a day to acknowledge his sacrifices, hard work, and dedication in raising you and your siblings. This Father's Day, why not make it extra special by gifting your father a flat? It may seem like a big investment, but it is a gift that will last a lifetime and provide your father with a sense of security and stability. Owning a flat is a dream for many people, and your father may have worked hard his
Sustainability is Shaping the Future of Real Estate
Sustainability has become a key factor in the real estate industry, shaping the way buildings are designed, constructed, and operated. With the rise of climate change concerns and the need for more environmentally friendly practices, real estate developers and investors are increasingly incorporating sustainable practices into their projects. One of the most significant ways that sustainability is shaping the future of real estate is through the development of green buildings. These buildings
Is Akshaya Tritiya good for purchasing a property?
Akshaya Tritiya, also known as Akti or Akha Teej, is a popular Hindu festival celebrated in India. It is considered an auspicious day for new beginnings and is often associated with buying gold and property. Many people believe that purchasing property on Akshaya Tritiya can bring good luck and prosperity. However, whether or not this belief holds any truth is a matter of personal opinion. From a practical standpoint, Akshaya Tritiya can be a good time to purchase property due to the various
From April1 UAA Property tax system launch plan For Sec V
After New Town, Kolkata the Unit Area Assessment (UAA) system of property tax collection is all set to be introduced at the IT hub of Sector V this year. The Nabadiganta Industrial Township Authority (NDITA) is planning to introduce UAA in 2023-24 — from April 1. Officials said that the West Bengal Valuation Board, which had earlier come up with a draft scheme on the UAA system of tax collection for Sector V, has finalised the proposed structure, based on which NDITA will start
India’s housing market hit a 9year high in 2022
The year 2022 saw the demand for apartment in India increase by 34% reach a nine-year-high in a trend driven primarily by a post-pandemic need for security, increased savings and income disruption for middle- and higher-income groups, according to a new report. The report says house sales stood at 312,666 units in 2022, adding that the growth was particularly noticeable in the higher-income segments. For comparison, the sales in 2021 stood at 2,32,903 units, according to the report. Also shows
Kolkata Records Highest Residential Registrations Oct 2022
Stamp duty and Circle rate relaxation has boded well with Kolkata as the city recorded significant sales volume in October 2022. The Kolkata Metropolitan Area expects the ongoing homebuying momentum to continue. Read on to know more about the city’s realty performance in October 2022. Ongoing relaxations have led to an improvement in registrations across Kolkata. The city has witnessed highest property registrations this year in October 2022, and the second-highest since the relaxations
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Recent Posts
- Builders Can't Get 3 yrs to Finish Stalled Projects: FPCE.
- Buyers Protest Delay in Odisha Housing Board Flats Handover
- MahaRERA Mandates Real Estate Developers to Set Up Redressal Cells for Homebuyers' Issues
- Relief for Thika Tenancy Applicants in Kolkata
- MahaRERA Fines 90 Builders For Ads Without Registration Number
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