India Real Estate
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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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Budget 2025: Own Two Homes Without Tax Burden, No TDS till Rs 6 Lakh Yearly Rent
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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…
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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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YEIDA Launches New Residential Plot Scheme Near Noida International Airport
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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
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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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YEIDA to Make Registered Agreement Mandatory for Property Sale by Developers
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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…
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