The CERSAI was established in 2011 to keep track of statistics on lending transactions including equitable mortgages in India.… Read more
All about External Development Charges!
Real estate developers in Haryana owe close to Rs 21,679 crore in additional development costs (EDC) and infrastructure upgrading fees (IDC). This amount is the 15 percent yearly penalty that those developers have accrued on top of the actual fee as a result of their inability to pay the bill on time. In actuality, at the EDC, about 80% of arrears are considered a penal hobby, and at the IDC, the percentage has exceeded 100%.… Read more
How to pay property tax to LMC for the Lucknow House Tax (2023)?
Tags: Real Estate
Every property owner, including those in Lucknow, is required by law to pay property taxes. The Lucknow Municipal Corporation (LMC) levies a home tax on all houses that fall within its purview to raise money for the upkeep and development of the city’s services and infrastructure. It’s important to comprehend how to pay home tax to LMC if you own property in Lucknow. Identifying the property’s tax assessment is the first step in paying property tax. LMC evaluates features in light of elements including location, size, and use. The assessment establishes the property’s yearly worth, which is used to calculate taxes. The Property Tax Assessment Slip, which LMC provides as a property tax bill and includes the specifics of the … Read more
The Ultimate Guide to Maharashtra’s Ready Reckoner Rate 2023: All the Facts You Need!
Tags: Real Estate
New ready reckoner rates will be in effect in Maharashtra as of April 1, 2023. Before then, Maharashtra had a double increase in property registration. On March 28, around 18,538 properties were registered throughout the state; on March 29, 20,000 properties were registered. Daily property registrations range from 8000 to 9000 on a regular day. … Read more
What is GPA in Property? Understanding the Concept and Its Importance
Tags: Real EstateRealty Guide
When it comes to property transactions, particularly in India, the term GPA often arises. But what is GPA in property? The GPA full form in property is General Power of Attorney. It refers to a legal document that allows one person, known as the Principal, to authorise another person, the GPA holder, to carry out specific actions on their behalf regarding property matters. This blog will explore how the GPA power of attorney works, its significance, and the legal challenges associated with it, especially in property dealings.… Read more
How to Invest in Real Estate in India: A Beginner’s Guide for 2024
Tags: Real EstateRealty Guide
Real estate investment has long been one of the most popular methods of wealth creation in India. With rapid urbanisation, a growing population, and an increasing need for residential and commercial spaces, real estate investment continues to offer attractive returns. Whether you’re looking for long-term gains or passive income, understanding the fundamentals of real estate investment in India is key to making informed decisions.… Read more
Choosing the Best Floor for Positive Energy: A Vastu Shastra Perspective
Tags: Real EstateVastu Shastra
When selecting a flat, many homebuyers consider several factors—location, size, and price—but often overlook one crucial aspect: Vastu Shastra. Rooted in ancient Indian traditions, Vastu Shastra is a science of architecture that emphasises the harmony of natural energies within a space to promote well-being and prosperity. A key element that impacts the flow of energy in your home is the floor you live on. In this blog, we will guide you through the principles of Vastu for flats, helping you choose the best floor that fosters positive energy and balance.… Read more
What Is Built Up Area, Carpet Area, & Super Built-Up Area – Difference Explained
Tags: Carpet AreaReal Estate
Understanding the distinction between carpet area, built-up area, and super built-up area is critical for prospective homebuyers. The carpet area is the real useable space within the walls, whereas the built-up area comprises both the carpet area and the walls and balcony space. The densely built-up area also includes common spaces such as staircases and lobbies. Knowing the difference between built-up and carpet area, or super built-up area versus carpet area, allows you to make more educated selections.… Read more
OSR Land Rules in Tamil Nadu
Tags: Real EstateRealty Guide
Open Space Reservation (OSR) land plays a crucial role in urban planning, ensuring that cities have adequate green spaces and amenities for the well-being of residents. In the context of Tamil Nadu, understanding the rules and regulations governing OSR land is essential for developers, policymakers, and the general public. This in-depth guide explores the intricacies of OSR land rules in Tamil Nadu, shedding light on the legal framework, compliance requirements, and the significance of these regulations in fostering sustainable urban development.… Read more
Is it harmful to live near a landfill?
Aside from significantly hurting property values, residential properties near a dump represent a serious hazard to occupants’ health. According to reports, the drawbacks of living near a dump are elaborated.… Read more
