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  • Builders Cannot Deduct More Than 10% on Homebuyer Cancellations: Supreme Court

    The Supreme Court of India has issued a landmark verdict that reinforces the rights of homebuyers against unfair contractual terms imposed by real estate developers. In a significant decision, the apex court has ruled that builders cannot deduct more than 10% of the basic sale price (BSP) when a homebuyer cancels their booking. Protecting Homebuyers…

  • Budget 2025: Own Two Homes Without Tax Burden, No TDS till Rs 6 Lakh Yearly Rent

    The Budget 2025 has made life simpler for homeowners and tenants. Individuals earning up to ₹12 lakh annually will enjoy ZERO income tax liability under the new tax regime. The real estate sector and homeowners have two important changes to cheer. Tax-Free Second Home In Budget 2025, homeowners are now allowed to have two self-owned…

  • Property Tax in Delhi: How is Property Tax Calculated?

    Property tax in Delhi, governed by the Municipal Corporation of Delhi (MCD), follows the Unit Area System (UAS) for calculation. The tax amount is determined by factors like the property’s location, size, usage, age, and occupancy type. Below is an updated, detailed guide to understanding property tax calculation, rates, rebates, and exemptions for residential and…

  • YEIDA Launches New Residential Plot Scheme Near Noida International Airport

    The Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a new residential plot scheme on Yamuna Expressway, offering 451 plots in proximity to the Noida International Airport in Jewar. YEIDA’s latest residential plot scheme (Scheme Code : RPS08(A)/2024) targets mid-income group buyers, with plots available in five distinct categories, catering to varying needs and budgets.…

  • Noida Authority Makes Tripartite Sale Agreement Mandatory to Protect Apartment Buyers

    The Noida Authority has made an important change to protect homebuyers. It now requires a tripartite sale agreement to be signed between the buyer, developer, and the Noida Authority for sale of apartments in under-construction projects. This agreement must be registered as soon as the buyer pays 10% of the property cost to the developer.…

  • How to Check for Loans on a Property Before Buying?

    Planning to buy a property anywhere in India? It’s an exciting step, but you need to be careful! Some sellers defraud buyers by hiding the fact that their property is mortgaged, and buyers only find out when the bank or lender claims the property after the sale. You can stay safe by checking for any…

  • Sarojini Nagar: Delhi’s Bustling Retail and Cultural Hub

    Sarojini Nagar, located in South Delhi, is not just a shopping destination but a lively cultural experience. Known for its affordable fashion and energetic street markets, it has become a must-visit spot for both locals and tourists. Over time, it has established itself as a major retail and cultural center in Delhi, offering everything from…

  • YEIDA to Make Registered Agreement Mandatory for Property Sale by Developers

    The Yamuna Expressway Industrial Development Authority (YEIDA) is planning to require that all property sales by real estate developers must be conducted through registered agreements. According to a news report by Hindustan Times, this decision, made on September 27, 2024, aims to protect homebuyers and bring more transparency to real estate transactions. The authorities in…

  • What is Circle Rate in Indian Real Estate?

    When buying or selling property in India, the term circle rate (also known as guideline value or ready reckoner rate in certain states) is crucial. This rate is the minimum value at which a property must be registered, as set by the government. The circle rate directly influences the calculation of stamp duty and registration…

  • Boom Town: Greater Noida Authority Get Rs 521 Cr for 3 Land Parcels

    (Greater Noida, 9 September 2024) The Greater Noida Industrial Development Authority (GNIDA) has successfully auctioned three residential plots with a total sale value of Rs 521 crore, more than double the reserve price of Rs 262 crore. This result reflects growing confidence and interest in Greater Noida’s real estate sector. According to The Economic Times,…

  • Why DDA Housing Schemes Are Failing to Excite Buyers?

    The Delhi Development Authority (DDA) has long been a cornerstone of affordable housing in the capital. Housing schemes launched by DDA generated huge excitement among homebuyers. Not any more. With thousands of flats remaining unsold across the capital, DDA housing schemes are failing to attract buyers. Even with reduced prices and new initiatives, the DDA…

  • Understanding Real Estate Terms: Super Built-Up Area, Built-Up Area & Carpet Area

    When buying property in India, it’s important to understand the terms carpet area, built-up area, and super built-up area. These measurements define the size of the space you’re purchasing. With the introduction of the Real Estate (Regulation and Development) Act, 2016 (RERA), there is now more clarity in how properties are measured and sold, particularly…