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Good News For Homebuyers: No GST On Properties With Completion Certificate

Real Estate Act | By: Biranchi Narayan Mishra | Last Updated: 05 Jul, 2019

Property buyers now have a reason to rejoice. The government has removed all the fully-constructed houses from the purview of the Goods and Services Tax. Earlier, the builders and developers would levy a GST of 12% even on the sale of ...

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Using Basement For Residential Purpose Is Illegal: Here's Why

Real Estate Act | By: Biranchi Narayan Mishra | Last Updated: 09 Nov, 2018

The urbanization and mass migration of people to cities has led to a space crunch in most of the metro cities of India. Be it a small apartment with zero amenities, a terrace room, a room on the non-permissible floor, or a basement, mo...

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All About Parking Rights of Tenants

Real Estate Act | By: Biranchi Narayan Mishra | Last Updated: 15 Feb, 2019

With increasing number of vehicle owners, parking is becoming a big issue in metro cities as well as Tier II and Tier III cities. Especially tenant of residential societies face a lot of problems in parking their vehicles. In recent to...

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A Simple Guide To Paying Property Tax In Delhi

Real Estate Act | By: Biranchi Narayan Mishra | Last Updated: 27 Aug, 2018

If you have a Property in Delhi you must be feeling proud and happy for owning a property in one of the most booming real estate locations of India. However, along with all this happiness, there are some challenges associated with owni...

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All About Joint Ownership Agreement

Real Estate Act | By: Biranchi Narayan Mishra | Last Updated: 15 Feb, 2019

Buying a property in joint ownership can be really beneficial in terms of sharing investment cost, but often people hesitate to buy a joint property owing to their apprehensions about legal complexities. Joint Ownership Agreement is a ...

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Dealing With Property Complaint On Projects Under RERA Vs. Projects Not Under RERA

Real Estate Act | By: Biranchi Narayan Mishra | Last Updated: 15 Feb, 2019

Within the year of implementation of The Real Estate Regulatory (and Development) Act aka RERA, real estate buyers are feeling more confident and powered. RERA is one of the most revolutionary reforms taken by the Indian government to ...

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Power of Attorney: Helping People Register Property In India

Real Estate Act | By: Biranchi Narayan Mishra | Last Updated: 15 Feb, 2018

Power of Attorney aka PoA enables a person to delegate his/her rights to another person for managing all the property related work. For example, a Non-Resident Indian aka NRI living in different part of the world wants to buy propert...

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Impact of GST And TDS on Income From Rental Property

Real Estate Act | By: Biranchi Narayan Mishra | Create Date: 21 Sep, 2017

More than two months have passed since the revolutionary Goods and Services Tax aka GST was enforced in India. We’ve been giving you constant updates on the impact of GST on the buying and selling process in the Indian real estate. In continua...

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Uttar Pradesh RERA Website Launched With Great Features

Real Estate Act | By: Biranchi Narayan Mishra | Last Updated: 29 Aug, 2017

Real Estate (Regulations and Development) Act came into force on 1st May 2017 and has brought a positive change in the real estate India. This revolutionary real estate act would not just empower the homebuyers but also punish the unscrupulous...

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Fraudulent Homebuyers To Be Jailed Under RERA

Real Estate Act | By: Biranchi Narayan Mishra | Create Date: 24 Aug, 2017

It has been two months since the implementation of RERA on May 1st, 2017 that marked the beginning of a new era in real estate sector. Two months post, the dust has lastly settled on Real Estate (Regulations and Development) aka RERA and the b...

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GST Rate On Construction Services Hiked From 12% To 18%

Real Estate Act | By: Biranchi Narayan Mishra | Create Date: 09 Aug, 2017

Goods and Services Tax aka GST has finally come into force and the whole nation is trying to settle around this new tax regime. GST was rolled out on 1st July 2017 but just 2 days before the final roll out, the Central Government made a slight...

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How And When To File A Complaint Under RERA

Real Estate Act | By: Biranchi Narayan Mishra | Last Updated: 10 Jan, 2018

The Real Estate (Regulations and Development) Act was enforced in India on 1st May 2017 and gave a 90 days’ notice to all the states for rule notification. This revolutionary Act has been implemented to empower the homebuyers who have felt vic...

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Punishment For Promoters Who Violate The RERA Rules

Real Estate Act | By: Biranchi Narayan Mishra | Last Updated: 03 Jul, 2019

RERA or Real Estate (Regulations And Development) Act was passed by both the houses (Rajya Sabha and Lok Sabha) on 15 March 2016 and was enforced on 1st May 2016 with 59 out of 92 provisions. On 1st May 2017, RERA was brought into full...

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The Impact Of 12% GST On Under Construction Projects In The Indian Real Estate Sector

Real Estate Act | By: Biranchi Narayan Mishra | Last Updated: 14 Jun, 2017

GST aka Goods and Services Tax recently announced the taxation rates for various goods which would take India a step closer to the unified tax regime. This new tax regime would be a revolutionary act in the tax reform of India. Its impact woul...

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Important Things Every Developer Must Know About The RERA Registration

Real Estate Act | By: Biranchi Narayan Mishra | Create Date: 02 Jun, 2017

RERA aka Real Estate (Regulations and Development) Act finally came into full force on 1st May 2017. It is said to be a pro-buyer act that would protect the interest of all the homebuyers by penalizing all the unscrupulous developers. It would...

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