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

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

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

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

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

The Most Important Things To Remember Before Buying Commercial Property

When it comes to commercial properties, the most beneficial and ideal way is to go with business properties which mainly include an office space or building. Especially to the startup business men who are really looking for the best commercial property to start their business. Obviously, when you are looking for a property as in long-term benefits, compromising with the quality is not an option … Continue reading The Most Important Things To Remember Before Buying Commercial Property

Rent receipts under Income Tax lens

For as long as anyone can remember, producing fake property rent receipt, often from parents and relatives, has been an easy way to lower tax burden. Such cavalier disregard for tax rule was overlooked by most employers as well as taxman, who possibly felt it was a minor transgression. Perhaps, not anymore. The income tax department now has good reason to insist on proof from … Continue reading Rent receipts under Income Tax lens

Zara leases largest retail space by foreign brand in India

In the largest ever space transaction by any international retailer on high streets across the country, Spanish fashion chain Zara has picked up 50,000 sq ft carpet space in South Mumbai’s most prime location of Flora Fountain, said two persons familiar with the development. The world’s biggest fashion retailer has leased the space on the ground floor of Ismail Building diagonally opposite HSBC’s India head … Continue reading Zara leases largest retail space by foreign brand in India

Why urban Indians are heading to buy weekend homes

Elegant farmhouses, koi ponds, equestrian facilities, themed event venues, beachfront gardens, and private golf courses – India’s uber-rich have always splurged on their lavish vacation homes. Now, people of more modest means are getting on to the leisure-property ladder, buying weekend retreats to escape the madding city crowds. Urban India’s increasing quest for solitude is turning the foothills of the Himalayas or the Aravalli, and … Continue reading Why urban Indians are heading to buy weekend homes

Khan Market most expensive retail spot in India, 4 others from Delhi-NCR in top 10

Half of India’s 10 most expensive retail micro-markets are in the Delhi-National Capital Region, with Khan Market remaining the costliest location to rent a shop, a Cushman & Wakefield report said. In the global ranking, however, Khan Market slipped two spots to 28. New York’s Upper 5th Avenue continues to remain the world’s most expensive retail location, followed by Causeway Bay in Hong Kong and … Continue reading Khan Market most expensive retail spot in India, 4 others from Delhi-NCR in top 10