Insights
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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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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…
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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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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…
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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,…