General
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Builders Cannot Deduct More Than 10% on Homebuyer Cancellations: Supreme Court
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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…
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Property Tax in Delhi: How is Property Tax Calculated?
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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…
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How to Check for Loans on a Property Before Buying?
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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…
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Sarojini Nagar: Delhi’s Bustling Retail and Cultural Hub
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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…
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What is Circle Rate in Indian Real Estate?
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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…
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Why DDA Housing Schemes Are Failing to Excite Buyers?
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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…
Recent Posts
- Builders Cannot Deduct More Than 10% on Homebuyer Cancellations: Supreme Court
- Budget 2025: Own Two Homes Without Tax Burden, No TDS till Rs 6 Lakh Yearly Rent
- Property Tax in Delhi: How is Property Tax Calculated?
- YEIDA Launches New Residential Plot Scheme Near Noida International Airport
- Noida Authority Makes Tripartite Sale Agreement Mandatory to Protect Apartment Buyers