Real Estate Sector Latest News, Updates & Insights - PropertyPistol Blog

Real Estate News

April 25, 2024

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

April 25, 2024

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Property

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

April 25, 2024

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Home Loan

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

April 25, 2024

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Circle Rates City insight

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

April 25, 2024

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Tax Guide

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

April 25, 2024

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RERA

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

April 25, 2024

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News

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

April 25, 2024

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NCR

All About National Capital Region Planning Board

The National Capital Region Planning Board (NCRPB) was established in 1985 through an act of Parliament to manage the growing population pressures on the National Capital Region (NCR), which encompasses parts of Uttar Pradesh, Delhi, Haryana, and Rajasthan. Chaired by the Union Housing and Urban Affairs Minister and including members from the constituent states, NCRPB exemplifies inter-state and inter-agency collaboration for regional development.… Read more

April 25, 2024

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Stamp Duty

How to Apply for Stamp Duty Refund in Maharashtra Online?

Imagine a scenario where Priya, a potential homebuyer in Maharashtra, pays stamp duty for a property purchase that later falls through due to unforeseen circumstances. This situation raises the question: What happens to the stamp duty already paid? Fortunately, the Maharashtra Stamp Act, 2017, provides for a refund in such cases, especially if a crucial party withdraws their signature, rendering the deal null and void.… Read more

April 25, 2024

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Housing Schemes

PM Launches Modi Awaas Gharkul Yojana

Prime Minister Narendra Modi recently inaugurated the Modi Awaas Gharkul Yojana targeted at beneficiaries from the Other Backward Classes (OBC) in Maharashtra. This initiative aims to construct around 10 lakh houses over a period from the financial year 2023-24 to 2025-26. An initial disbursement of Rs 375 crore will be made to 2.5 lakh beneficiaries under this scheme.… Read more

Real Estate Sector Latest News, Updates & Insights – PropertyPistol Blog

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What is GPA in Property? Understanding the Concept and Its Importance

How to Invest in Real Estate in India: A Beginner’s Guide for 2024

UCC (Uniform Civil Code) 2024: Impact on Property Inheritance & Taxation

What is a Serviced Apartment? All You Need to Know to Head Out in 2024

Latest RBI Guidelines for Home Loans 2024

Circle Rate Gurgaon 2024 (Sector-Wise): Gurgaon New Circle Rate List

MCGM Property Tax 2024: Pay BMC Mumbai Property Tax

UP RERA – Understanding the Process of Filing Complaints Under RERA, Compensation & Conciliation

Ownership Dispute Impedes Dharavi Redevelopment

All About National Capital Region Planning Board

How to Apply for Stamp Duty Refund in Maharashtra Online?

PM Launches Modi Awaas Gharkul Yojana

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