Advantages of opting for a New Property over Resale Property

A home is perceived as a tangible, prudent and relatively safe investment instrument that provides vital security and stability. The huge housing shortage in the country, increasing number of nuclear families and rising population, mean that the demand for new properties will continue to grow. Moreover, with the softening of interest rates, home seekers are likely to find it more affordable to make a purchase. … Continue reading Advantages of opting for a New Property over Resale Property

Impact of Indexation on Long Term Capital Gains Tax

Under the present tax laws, a person is taxed on profit from the sale of any immovable asset held as a capital asset, under the head ‘capital gains’. For computing capital gains, the immovable assets are divided in two categories, based on the holding period. Any immovable asset which is held for three years or less, is treated as a short-term capital asset and any … Continue reading Impact of Indexation on Long Term Capital Gains Tax

Types of Property Disputes and how to tackle them

Property disputes form a large chunk of cases that clog our judicial system. Around 66 per cent of all cases, are property-related litigations. There are several types of property dispute. Most of the disputes pertain to the title of the immovable property. Saying that ‘a person has a good title over the property’, implies that such a person has a right to enjoy the rights … Continue reading Types of Property Disputes and how to tackle them

Malls object to retail stores promoting their online business

India’s biggest malls are pressing brands such as Uniqlo for minimum guaranteed payments rather than pure revenue-sharing deals for retail space, people aware of the matter said. That’s a change from a year ago when the malls were going all out to woo Zara and H&M, two of the hottest brands, with the lowest possible revenue-share pacts and throwing in free fitouts and other largesse, they said. The latest … Continue reading Malls object to retail stores promoting their online business

Design Trends for 2018 and what did not work in 2017

Thought that all-white kitchen was timeless? Think again. Home design trends come and go — and in 2018, one look that’s on its way out could actually cause your home to sell for less. Here’s a look at five design trends you’ll be seeing more of in 2018, and three it’s time to kiss goodbye (especially if one of your New Year’s resolutions is to sell … Continue reading Design Trends for 2018 and what did not work in 2017

Signs you need to upgrade your kitchen

Brighten it, expand it, organize it — whatever it needs, your kitchen is an update away from ideal. Your kitchen is likely the most loved room in your home — and the wear and tear proves it. It’s the hangout for hungry teenagers, the conversation station during the holidays and the catch-up room after a busy workday. A functional and appealing kitchen is important not … Continue reading Signs you need to upgrade your kitchen

How Demonetisation affected the Real Estate Industry: RBI’s Theory

As against general perception, real estate prices actually increased across the country during the demonetisation quarter going by latest House Price Index figures released on RBI’s website. The all India House Price Index (HPI) increased by 2.3% from 234.9 for second quarter of 2016-17 to 240.2 in Q3 (October to December 2016) of 2016-17 as per provisional figures. This quarter would reflect the impact of demonetisation of … Continue reading How Demonetisation affected the Real Estate Industry: RBI’s Theory

Real Estate Regulatory Act (RERA) now introduced by the Indian Government

Developers cannot advertise their under construction projects from May 1 2017, once the Real Estate (Regulation & development) Act (RERA) will come into force across the country from May 1, 2017. However, if they have projects that have already obtained completion and occupancy certificates, those can continue to be advertised and sold. However, the good news is that many states have already created an interim … Continue reading Real Estate Regulatory Act (RERA) now introduced by the Indian Government

The role of virtual realty

It isn’t better job opportunities alone that’s taking city techies overseas these days. Drawing them to the international market are rich-in-return property deals, a trend fast becoming popular among urban investors. Right from cities in the US and the UK to Dubai and Istanbul, Hyderabad’s IT crowd is putting their money in a range of realty hotspots. Here’s how it works. Investors buy a piece … Continue reading The role of virtual realty

Firms now treated as consumer if they buy flat for own use

While goods purchased or services availed for “commercial purpose” are excluded from the purview of the Consumer Protection Act, the term is not defined clearly hance the confusion about its interpretation. In a landmark ruling, the National Commission has clarified the legal position. Case Study: A partnership firm called Classique, having its office in Goa, had booked a flat in Royal Palms in Mumbai. The flat … Continue reading Firms now treated as consumer if they buy flat for own use