Real Estate News & Insights
Latest news, reports and insights for the real estate market of India. Whether you are looking to buy a house or investing in real estate, our news and insights will help you stay informed for taking the right property investment decisions.
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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
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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.
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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.
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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
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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
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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,