Industry News - June 2019

Industry News Content

Home Buyers Now Have a Keen Eye on Buying a Flat in Newtown, Rajarhat
Home Buyers Now Have a Keen Eye on Buying a Flat in Newtown, Rajarhat 24 June, 2019

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 gain...

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Government Moderates the Rate of ESI Contribution from 6.5% to 4%
Government Moderates the Rate of ESI Contribution from 6.5% to 4% 14 June, 2019

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’ con...

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Conflict to be taken to NCDRC if the flat value and claim exceeds Rs 1 Crore
Conflict to be taken to NCDRC if the flat value and claim exceeds Rs 1 Crore 13 June, 2019

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 st...

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Recently Alipore is Reaching Heights in Terms of Properties
Recently Alipore is Reaching Heights in Terms of Properties 12 June, 2019

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 be...

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Calculation of the property coming from selling a house
Calculation of the property coming from selling a house 10 June, 2019

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 r...

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Property Buyers Are Even More Hopeful: Boost in Real Estate Market
Property Buyers Are Even More Hopeful: Boost in Real Estate Market 04 June, 2019

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 ...

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How the Buyers will Deal with Agreements without Possession Date
How the Buyers will Deal with Agreements without Possession Date 04 June, 2019

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...

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Which Colour is Accurate According to Vastu
Which Colour is Accurate According to Vastu 04 June, 2019

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 significa...

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