The UAE Central Bank said on Monday that new, more favorable regulatory norms regarding banks’ exposure to the real estate industry will be implemented.… Read more
PropertyPistol Insight Team
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The RBI maintains repo and reverses repo rates at their current levels
Tags: Real Estate
The Reserve Bank of India (RBI) has decided to keep the repo rate at 4% for the eleventh time in a row, and the reverse repo rate at 3.35 percent, in order to continue its accommodating policy stance.… Read more
Chennai’s property tax rises by more than 50%
Tags: ChennaiReal Estate
Because the State authorities instructed metropolis panchayats and municipalities to adjust tax charges beginning April 1, property tax expenses in Chennai may rise by as much as 150 percent, and on town panchayats and municipalities around Tamil Nadu by as much as 50 percent.… Read more
Maharashtra imposes a 1% metro cess on all property purchases
Tags: MumbaiReal Estate
From April 2022, the Maharashtra government is expected to increase the stamp duty on dwelling registration by one percent, just in time for Mumbaikars to indulge in domestic purchases during the auspicious season of Gudi Padwa. Will this stifle the momentum of domestic shopping?… Read more
Land Change in Lucknow
Tags: LucknowReal Estate
Landowners in Lucknow intending to convert their property for non-agricultural use should follow the steps below to get a Change of Land Use (CLU) Certificate from the relevant authorities. This essay debunks the myths surrounding land conversion and leads you through the process of obtaining certifications step by step.… Read more
All About Mumbai-Goa Highway
The under-construction National Highway (NH) 66, also known as the Mumbai-Goa Highway, has finally reached its last long after a decade of construction. Following the recently announced completion date, the four-lane highway has prompted interest in residential real estate in Maharashtra and Goa. … Read more
Section 24 of the Income Tax Act
Tags: Real Estate
Section 24 of the Income Tax Act stipulates that a person would pay on domestic or asset loans as a pastime. ‘Deductions from earnings from home assets’ is the title of this specific section. Mortgage hobby and popular deductions are two of the available deductions. … Read more
All You Need to Know About Encumbrance Certificate
Tags: Real Estate
When you buy an asset, it’s critical to check whether there are any criminal issues associated with it. Whether you’re wondering how you can acquire access to this information as a customer, an Encumbrance Certificate (EC) will help you figure out if there are any expenses associated with the assets.… Read more
All About Succession Certificate
Tags: Real Estate
While attempting to comprehend legal matters, we may find them somewhat intimidating, even more so when there isn’t a guideline to be acquired on reducing the information and presenting it all together. … Read more
