Setback is defined as the minimal amount of open space necessary around any building or structure. Municipal ordinances in a state specify the spacing that should be retained between a building and the plot border on which the structure is being built. The setback distance is required to ensure that the structure does not interfere with highways, bodies of water, or other structures. Buildings must have setback areas at the front, back, and sides, and the standards vary depending on the locality. … Read more
Verify these documents before purchasing ready-to-move apartments!
A great tip is to purchase used items. It has a wide range of advantages, such as reduced cost, ready-to-flow options, tax advantages, and so on. However, it’s critical to have a checklist of the files before continuing. The following is a checklist that you should keep in mind when looking for resale items:… Read more
Best ways to invest in real estate without buying a property!
Invest in ETFs that track real estate
An exchange-traded fund, or ETF for short, is a collection of shares or bonds in a single fund. ETFs are comparable to index price ranges and mutual price ranges in that they offer a similar degree of broad diversity and fluctuating prices overall.… Read more
Due to strong demand, India’s housing sales reach an all-time high in 2022: Anarock
Tags: IndiaNewsReal Estate
According to data provided by Anarock, India’s housing revenue reached an all-time high in 2022, surpassing the previous high set in 2014. This was due to strong demand for residential properties despite an increase in loan rates.… Read more
About GST on Real Estate!
Tags: IndiaReal Estate
In the third GST Council meeting, which was held on February 24th, new GST levies were introduced that took effect on April 1st, 2019. The following new GST costs for residential real estate transactions have been proposed:… Read more
All about Rental Agreement in India!
In order to modify the tenancy, a rental agreement is a crucial legal document that needs to be signed by both the parties the owner and the tenant. It contains all of the specific information regarding the occasions, words, and circumstances connected with the rental property tenancy. It is applicable to every event. It includes all essential components, such as rent, a security deposit, and information on the possessions, including their size, type, and address, as well as most importantly the duration of the agreement. Each party is advised to carefully read the clause before signing and approving it because it is binding in nature. Until witnesses or non-beneficiaries sign the settlement as witnesses, the settlement remains void.… Read more
PropertyPistol’s Doorstep Rental Agreement Service from the comfort of your home!
Property agreements can be registered online in various states, including Maharashtra. The person/landlord wants to do this by setting up a profile on the e-filing website. After completing the profile, the customer wants to enter a variety of details about the possessions, including the village, taluka, possessions type, location, address, and other available information.… Read more
What You Should Know Before Purchasing Gram Panchayat Land?
Buyers are typically enticed to invest in gram panchayat-approved land due to a scarcity of land in cities, rising costs, and future potential. Nevertheless, such an investment would necessitate changing agricultural property into non-agricultural land by paying the government a modest conversion charge. This article will assist you in comprehending the benefits and drawbacks of gramme panchayat property.… Read more
Leading Trends That Will Shape India’s Housing Market in 2022
Tags: IndiaReal Estate
We have reached the final phase of 2022. Numerous changes were observed in the real estate industry, including a fall in affordable housing, the introduction of mid-range and luxury housing, an increase in the demand for apartments, and a creation ban to control pollution following Diwali.… Read more
The most affordable residential cities in India are still Kolkata, Hyderabad, and Pune: JLL
Tags: IndiaReal Estate
According to the Home Purchase Affordability Index (HPAI) 2022 Report from real estate firm JLL, Mumbai has become just marginally less affordable while Kolkata, Hyderabad, and Pune continue to be India’s most affordable residential markets. However, as macroeconomic headwinds and inflationary pressures eat into family income and property prices rise while entry prices are still being fully communicated, JLL claimed that affordability categories are expected to continuously decline for 2022 and 2023. It was mentioned that the RBI’s increase in the price of the repo is just one of several factors that will lower affordability tiers.… Read more
