Mumbai, a bustling metropolis, offers a variety of residential options catering to diverse preferences and lifestyles. In the heart of this vibrant city, Kandivali East emerges as a preferred destination for potential homebuyers seeking a blend of modernity, convenience, and tranquility. One of the standout projects that encapsulate these qualities is Godrej Reserve, a newly launched venture by the renowned Godrej Properties. This extensive guide delves into what makes Godrej Reserve not just a house, but a home that promises a resort-like living experience.… Read more
The MahaRERA Project Approvals in FY24: A Closer Look at the Landscape
Tags: IndiaReal Estate
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has played a pivotal role in shaping the real estate landscape of Maharashtra, ensuring transparency and accountability. In the fiscal year ending March 31, 2024, MahaRERA has demonstrated its continued commitment to regulating the sector by approving a significant number of new housing projects. This blog post delves into the details of these approvals, providing insights into regional trends and the implications for stakeholders in the real estate market.… Read more
Maharashtra Extends Stamp Duty Amnesty Scheme 2023: A Respite for Property Owners
The Maharashtra government, in a significant move to alleviate the financial burden on property owners, has extended the Stamp Duty Amnesty Scheme till June 30, 2024. Initially set to expire on March 31, 2023, this extension is a response to the state’s lower-than-expected revenue mobilization and a concerted effort to continue supporting the citizens during challenging economic times. This blog delves into the intricacies of the scheme, highlighting its procedure, benefits, and broader impact on the real estate sector.… Read more
Delhi Metro’s Rooftop Solar Tender: A New Era in Sustainable Urban Transit
Delhi Metro Rail Corporation (DMRC), a pioneer in urban transit solutions, is setting a new benchmark in sustainable development with its latest initiative to harness solar energy. The issuance of a tender for rooftop solar projects across its stations and depots marks a significant step towards achieving energy efficiency and reducing carbon emissions. This move not only underscores Delhi Metro’s environmental stewardship but also propels the city’s public transportation system into a greener future.… Read more
Reimagining Urban Mobility in Faridabad and Gurugram: A Forward- thinking Step
Tags: IndiaInfrastructure
There is little doubt that for Gurugram and Faridabad to keep up with the high rate of urbanization, they need to make a bold upgrade to their transportation infrastructure. With 150 buses in Gurugram and 50 in Faridabad, the present fleet is insufficient to meet the growing demand. The size of the increase needed is shown by the estimated demand for 1025 buses by 2031—Faridabad alone will require 595 vehicles.… Read more
Financial Checklist for Buying a House in India
Tags: Home BuyingIndia
Buying a house is a significant milestone, and it’s crucial to approach it with careful financial planning. In this comprehensive guide tailored for our Indian audience, we’ll walk you through a detailed financial checklist to ensure a smooth and well-informed home-buying journey. From assessing your financial health to navigating the intricacies of home loans, let’s delve into the key considerations for making your dream home a reality.… Read more
Everything you need to know about the RERA Act
RERA is an act of the Indian Parliament. The RERA Act aims to safeguard the interests of home buyers and to encourage investments in the property sector. The RERA Bill was approved by the Parliament’s Rajya Sabha on 10 March 2016, after which it was approved by the Lok Sabha on 15 March 2016. The Act entered into force on 1 May 2016. 59 out of the 92 sections of the Act were notified on 1 May 2016, while the remaining provisions entered into force on 1 May 2017. The State Governments have to notify their rules under the RERA Act, based on the model rules laid down in the central Act.… Read more
GST on rental: Everything you need to understand about the appropriate tax rate
Tags: IndiaReal EstateRental
The introduction of GST has had a considerable influence on the residential and commercial real estate industries. The rental market, like the financial market, is subject to the tax levy. Rental revenue from commercial units, for example, is subject to GST. Other regulations and exclusions of the new tax regime concerning rental properties are listed below.… Read more
Real estate in India to scale new heights in 2024: Experts
Thanks to policy reforms, buoyant consumer sentiment, increasing disposable income, and increasing demand for larger homes, India’s real estate sector experienced phenomenal growth in the year 2023, outperforming all previous years and setting new records. For example, according to Anarock, housing sales in the country’s top seven cities – including Mumbai, New Delhi, Pune, and NCR – reached a new high in 2023, with nearly 4.76 lakh housing units sold in 2023 compared to 3.64 lakh units in 2022 – a 31% year-on-year growth. New launches across the top seven cities increased by 25% in 2023, from around 3.57 lakh units in 2022 to around 4.45 lakh units in 2023.… Read more
State-Wise Land Records Name: Check Land Records in India Online
The digitization of land details has made it possible for landowners to easily search land-related documents by name. Landowners can now easily access their residential land documents, commercial land documents, industrial land documents, agricultural land documents, etc. online without any difficulty. The process of searching the land records by name has been digitized in most states. You don’t have to stand in long queues in the tehsil offices to get the land records. The Government has taken steps to improve the digitization of the administration and management of land in several Indian states. The lockdowns caused by the coronavirus pandemic highlighted the need to have easy access to land records and relevant information at the disposal of the landowners. By … Read more
