Due to recent events, the Noida Authority is embroiled in a court battle, contesting the Allahabad High Court’s order to register apartments in Lotus 300 and Lotus Boulevard Espacia. The ramifications of financial disparities and the difficulties of managing real estate are clarified by this dispute. Despite the builders’ unpaid debts, the court authorized the registration of these properties, which sparked a discussion on how to strike a balance between public interest and financial obligations.… Read more
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What Is E Stamp and Everything You Need To Know
Stamp duty must be paid to the national or state authorities for the purpose of: Purchasing, selling, producing a deed, or renting your property. E-stamping, also known as electronic stamping, is a method of electronically paying non-judicial stamp duty to the government. In the past, stamp duty for registering a property had to be paid at the local sub-office. Now, most of the process can be completed online, thanks to the use of the electronic stamp paper online method. In order to make the payment process as fast and hassle-free as possible, the government decided to replace the traditional paper & Franklin stamping method with a digital scheme. Currently, this service is available in 22 states in India. Maharashtra is … Read more
UCC (Uniform Civil Code) 2024: Impact on Property Inheritance & Taxation
There are rumors going around that the government might table the UCC in the Monsoon session of the Parliament. At present, the rules on succession, inheritance and marriage, divorce and alimony are laid down in the personal laws and religions of the people. The aim of the UCC is to lay down uniform rules on all these aspects for every Indian citizen regardless of his or her religion. Implementing the UCC may have some surprising but interesting tax implications.… Read more
What is a Serviced Apartment? All You Need to Know to Head Out in 2024
A service apartment is a fully furnished apartment that is available for short-term or long-term stays. It provides daily use amenities, housekeeping and many other services, all included in the rental price. Let’s say you want to get into the real estate business. In this case, it might be a good idea to diversify your portfolio by investing in service apartments and serviced accommodation. After all, it’s an investment and you’ll continue to make money from it, and it’s a property under your name. However, it is important to do proper research on the project before signing a contract. … Read more
Latest RBI Guidelines for Home Loans 2024
In 2024, the Reserve Bank of India (RBI) continues to play a pivotal role in shaping the home loan landscape. As financial institutions adapt to the evolving economic environment, the RBI’s guidelines aim to ensure stability, transparency, and fairness in the home loan sector. With the RBI’s rate held at 6.50%, banks have adjusted their home loan interest rates, affecting both salaried and self-employed individuals. The rate pause signifies a stable economic outlook, directly influencing the cost of borrowing and the real estate market.… Read more
Bhu Naksha Rajasthan 2024: View Land Map Online @ bhunaksha.raj.nic.in
Bhu Naksha Rajasthan, the online portal initiated by the Rajasthan government, is set to continue its pivotal role in providing transparent, accessible, and detailed land maps to the public in 2024. This service is a cornerstone of the digitization efforts in land record management, offering a robust tool for viewing and verifying land details seamlessly.… Read more
Circle Rate Gurgaon 2024 (Sector-Wise): Gurgaon New Circle Rate List
Gurgaon, a bustling city in the National Capital Region (NCR) of India, is known for its rapid urban development and thriving real estate market. Circle rates, the minimum government-defined prices for property transactions, play a crucial role in shaping the real estate landscape of Gurgaon. Circle rates, also known as guidance values or ready reckoner rates, are the minimum rates set by the government for the sale or transfer of properties. These rates are crucial for calculating stamp duty and registration charges during property transactions.… Read more
MCGM Property Tax 2024: Pay BMC Mumbai Property Tax
Mumbai, the financial capital of India, relies on the Municipal Corporation of Greater Mumbai (MCGM) or BMC for its civic administration, which includes collecting property taxes. Property tax is a significant revenue source for MCGM, funding various public services and infrastructure projects across the city.… Read more
UP RERA – Understanding the Process of Filing Complaints Under RERA, Compensation & Conciliation
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) is a pivotal entity established under the Real Estate (Regulation and Development) Act, 2016. This regulatory body aims to promote transparency, accountability, and efficiency in the real estate sector, ensuring the protection of homebuyers’ interests in Uttar Pradesh.… Read more
Ownership Dispute Impedes Dharavi Redevelopment
The ambitious Dharavi Redevelopment Project (DRP) has hit a roadblock due to a contentious issue surrounding the ownership and subleasing of 47.5 acres of railway land. The Railway Land Development Authority (RLDA), in partnership with the Dharavi Redevelopment Project/Slum Redevelopment Authority (DRP/SRA), faces a stalemate, with the RLDA refusing to allow subleasing of the crucial land. This standstill threatens to delay the project, pivotal for the transformation of Asia’s largest slum, Dharavi, located in the heart of Mumbai.… Read more