Attempts are being made to move a massive real estate investment trust (REIT) and list it domestically by US-based fund house Blackstone and its partners Salarpuria Sattva and Panchshil Realty, both of which are situated in Bengaluru and Pune, respectively. According to sources familiar with Blackstone and its partners, they want to add about 45 million square feet to the REIT. It might be the most significant in all of Asia in terms of rectangular images, and the REIT would wish to raise between Rs 7,000 and Rs 8,000 crore through a public offering. The draught documents for this will be submitted to the capital markets regulator the following year.… Read more
About Agra-Gwalior Expressway
If you wish to connect Gwalior to Agra, a new present has arrived for the Gwalior-Chambal region in the form of a six-lane expressway. It is projected that the construction of this limited-access motorway would drastically impact the lives of the residents of Bhind, Morena, Datia, Jhansi, Shivpuri, and Gwalior. During a conversation with the media on Saturday, Union Minister of Aviation and Steel Jyotiraditya Scindia made this statement.… Read more
Should you purchase a home next to a highway?
The State governments and builders have started concentrating on the outlying areas alongside the roads to lessen the housing burden now that the metropolitan centers are operating at their full capacity. Highways are now home to rapidly developing sports and real estate hotspots as a result of this. Strong instances of this type of upgrade, often referred to as ribbon improvement, are National Highway (NH) 24, the Noida-Greater Noida Expressway (Delhi NCR), the Pune-Nashik Highway (Pune), and Mysore Road (Bangalore). That begs the crucial question: Should you buy a possession next to an expressway or highway?… Read more
Here’s how to save tax on a commercial property
There is no way to avoid capital gains tax on the sale of property in the case of a short-term capital gain. The entire capital benefit amount may be included in your income, and you will be taxed according to the income tax bracket you may be in. The provisions of Sections 54, 54EC, and 54F of the income tax only apply to the long-term capital gains tax on the sale of the property.… Read more
How do you design a baby’s room?
The interior design business has experienced a continuous demand for developing solutions for children’s rooms of all ages. While teen rooms are popular, infant-specific rooms are close behind. The emphasis is generally on maximising space for comprehensive and organised storage, as well as incorporating personal preferences while maintaining safety.… Read more
How to negotiate a rent increase with your landlord?
Mahesh Singhal pays higher rent each year to live in the same residence in North Delhi. Despite living in the same property for almost seven years, he has yet to find a method to bargain with his landlord, who hikes the monthly rent by 10% every year as is customary.… Read more
MahaRERA eliminates penalty fees for booking cancellations.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has given homebuyers grounds to rejoice by revising penalty amounts for cancelling a booking. The cap has been established at 2% of the entire cost of the unit price, which will be subtracted before the booking payment is refunded. Continue reading to learn about the new fees!… Read more
There are eight reasons for contesting a will.
A Will is a written legal document that outlines the terms of property inheritance by legal heirs, along with the distribution of shares among the beneficiaries. While it is not required, it is recommended that the document be registered under the Indian Registration Act to enhance it as strong legal proof.… Read more
Know the laws and circumstances before purchasing property in the name of a minor
A property transaction is only feasible if the buyer is over the age of 18. He is required to sign the contract and deeds. According to the Indian Majority Act of 1875 and the Indian Contract Act of 1872, a minor under the age of 18 is not permitted to sign any instrument relating to property transactions. It can only be done when a guardian or parent legally responsible for the child is permitted to sign.… Read more