Category: News

Delhi NCR is one of the fastest-growing regions in India due to a number of supportive factors including a large number of high paying white-collar jobs and world-class physical infrastructure. The real estate prices in Delhi have grown to astronomical heights leading to the growth of adjacent cities as large companies shift to other cities namely Gurgaon and Noida in search of better infrastructure and lower real estate prices. The Government is also enabling the same by improving the connectivity of these cities with Delhi through wide roads/highways and Delhi Metro. Gurgaon was…

RERA Uttar Pradesh Fee for real estate developers Project Registration fee To conduct the real estate business, a developer shall pay a registration fee while applying for registration of his project with the RERA authority. He/she can pay the registration fee with a demand draft or a bankers cheque drawn on any nationalized bank or a Co-operative Bank or through online payment mode. In case of Group Housing Project Rs. 5 per square meter – If the area of land for the proposed project does not exceed 1000 square meters Rs 10…

RERA Uttar Pradesh Fee for real estate developers Project Registration fee To conduct the real estate business, a developer shall pay a registration fee while applying for registration of his project with the RERA authority. He/she can pay the registration fee by filling up “Form A” along with a demand draft or a bankers cheque drawn on any nationalized bank or a Co-operative Bank or through online payment mode. In case residential or any other project Rs 10 per square meter – For projects where the area of land proposed to be developed do…

Goodbye Air Purifiers, This ‘Water’ Can Fight Indoor Air Pollution When smog was at its peak during 2016 Diwali season, air pollution became the talk of the town. Reports indicated that the sale of air purifiers shot up by almost 40 percent! Previously, air purifiers were merely accessories enquired by many but bought by only a handful. Come November and it looked almost like a necessity. Real estate and allied sectors are taking the cue and developing means to combat everyday pollution. Here’s the solution- It contains almost 99 percent water but…

In a report by the World Health Organisation (WHO) that listed the most polluted places in the world, 14 Indian cities found a mention. If one thought being indoors is any better, here is news for them. Several reports by global think tanks also point out that life expectancy in India is going down owing to due to indoor air pollution In a scenario such as this, air purifiers have stopped being an option.   “Air purifiers have become a necessity,” says Dr Abhay Kumar, associate vice-president and chief scientific officer,…

When you buy a home, there are several taxes that the purchaser has to pay. While stamp duty and registration are one-time charges, the property tax is a recurring charge that the owner has to pay every year. How do you calculate property tax The owner of a property is liable to pay the tax levied by the local body (for example, the municipality) and such a tax is called the property tax. This tax may vary from one location to another and there are various other factors that determine the amount…

Auctioned property is a slightly riskier investment and as such, needs to be diligently investigated before the purchase is done. Here is what you should keep in mind In the event where a home owner defaults on the loan taken, the lender is entitled to legally repossess the property. Such repossessed properties are ultimately sold through physical or electronic versions of auctions. Before you decide to buy such an auctioned property, here are the precautions you need to take. Outstanding municipal tax and society dues Generally, the default in payments of EMIs…

What are the financial and income tax consequences that follow, if a property deal is called off or cancelled? We examine Property deals need not always culminate in the execution and registration of an agreement. Sometimes, the deal may not go through and may be abandoned halfway, after the payment of token money or even after some of the payments have been made. The deal may be cancelled by either the seller or the buyer, for any reason. Treatment of token money under the income tax laws, if a property deal…

The Delhi Development Authority has announced the draw result for the second phase of its housing scheme for 2019 on July 23, under which it offered over 10,294 low-income, middle-income and high-income group (LIG, MIG and LIG) flats in Delhi’s Vasant Kunj and Narela. The registration of these homes, which started on March 25, was ended on June 10.  How to check results of DDA Housing Scheme 2019 Applicants can view the live streaming available at the www.dda.org.in. The draw of lots will be based on the random number generation system. Interested applicants can also visit DDA…