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Arvind Parashar, an engineer with an IT firm, got a rude shock a few days back when he got an email from his real estate developer. The developer in the mail asked him to either pay the outstanding amount for his three-bedroom flat in Delhi NCR immediately or get ready to pay a higher amount

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KOLKATA: Real estate sectoral body CREDAI has urged the state governments to do away with the stamp duty on landed property to eliminate multi-point taxation after the introduction of GST. CREDAI welcomes introduction of Goods and Services Tax (GST) as a major reform since it integrates all central and state taxes into one comprehensive tax

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More than 50% of Indians are interested in buying an apartment as compared to villas or builder floor apartments, and 2BHK housing units are the most preferred choice for more than 40% of home buyers in Delhi, Bangalore, Chennai and Kolkata, said a research report by Housing.com today. Housing.com, part of Elara Technologies Pvt Ltd,

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With the announcement of the rates for taxation under the Goods and Services Tax (GST) for various goods, India is now one step closer to becoming a unified tax market. However, while the impact of GST on various sectors and goods is now known, industry experts are still divided over how GST will impact real

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Planning to buy a property in Kolkata. The good news is that property prices are comparatively lower than in the rest of the metro cities of India. The ‘city of joy’ is a good ground for making a purchase without making much dent in the markets. Magicbricks brings some key pointers which will help you

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The government has cut down tax benefits borrowers enjoyed on properties let out on rent. “In order to address the existing anomaly of interest deduction in respect of let out property vis-a-vis self-occupied property, it is proposed to restrict set off of loss from house property against income under any other head during the current

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  Affordable houses may soon be exempt from stamp duty, which varies between 4% and 8% of the transaction value. Union minister for urban development and housing minister Venkaiah Naidu said that his ministry has written to state governments to exempt affordable houses from stamp duty. Stamp duty is a state subject, with the state government

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New Delhi, Feb 21: Union Minister M. Venkaiah Naidu on Tuesday urged real estate developers to take up affordable housing projects in a big way while stressing that the future of the real estate sector lay there. The government’s focus on ensuring Housing for All including the Middle Income Groups offers immense opportunities both at

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KOLKATA: After Arun Jaitley wooed middle class home buyers with a bonanza in the Union Budget, it is time for Amit Mitra to dangle the carrot. The state government on Friday offered incentives to encourage timely registration of properties instead of delays that run into years and hold up stamp duty and registration collection that amounts

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As announced in the Budget, infrastructure status for affordable housing will be a good thing for the middle class as it will make homes cheaper and spacious. This will be made possible by laws which will make it mandatory for financial institutions to lend to developers of affordable projects – and that too at low