Category: INDIA / WORLD

Waiver on Stamp duty

West Bengal to levy reduced stamp duty till end of March 2022

February 2, 2022

The West Bengal government has decided to levy stamp duty at reduced rates until the end of March, which will significantly boost the residential property market in Kolkata. The third extension follows an outbreak of Omicron across the country, which resulted in a state-by-state lockdown. The 2-percentage-point reduction in stamp duty and 10-percentage-point reduction in […]

West Bengal to levy reduced stamp duty till end of March 2022more
Court Order

Builders cannot impose maintenance fees unless they have an OC: NCDRC.

February 1, 2022

The National Consumer Disputes Redressal Commission ruled that builders cannot charge maintenance fees to buyers who are forced to take possession and begin living in their flats without an Occupancy Certificate (OC) due to delays on the part of builders in obtaining all necessary clearances from the authorities. As per apex consumer forum, homebuyers will […]

Builders cannot impose maintenance fees unless they have an OC: NCDRC.more

Sandeep Runwal takes charge as the new NAREDCO Maharashtra President

January 31, 2022

Mumbai, November 25, 2021: Shri Sandeep Runwal, Managing Director of Runwal Group, took over as a President of the National Real Estate Development Council (NAREDCO) Maharashtra, an apex body of India’s real estate industry. NAREDCO was established as an autonomous self-regulatory body under the aegis of the Ministry of Housing and Urban Poverty Alleviation, Government of […]

Sandeep Runwal takes charge as the new NAREDCO Maharashtra Presidentmore

RBI Policy announcement:-Comments By Real Estate Experts.

January 27, 2022

Comments By Real Estate Experts. Mr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty and Hon. Secretary, CREDAI MCHI. “We welcome the RBI’s decision to continue with their accommodative stance keeping in mind the economic uncertainty due to the new COVID-19 variant Omicron. The low interest rates have been a crucial factor in the revival of […]

RBI Policy announcement:-Comments By Real Estate Experts.more

Smartworks announces investment of US$25 Mn in its new Venture – Smartworks Technology Services.

Strengthens Senior leadership with appointment of Anuj Nangpal as CEO. Mumbai – December 13, 2021: Smartworks, India’s leading Enterprise-focused Managed office space provider, today announced the launch of its new venture, Smartworks Technology Services. The new venture aims to launch a Building Operating Platform and Workspace Management SaaS product targeted at landlords and organizations globally, centered on […]

Smartworks announces investment of US$25 Mn in its new Venture – Smartworks Technology Services.more

Runwal Group unveils a new tower Lily at Runwal Forests in Kanjurmarg.

January 26, 2022

~ 3BHK lifestyle homes with private decks & exclusive amenities ~ Mumbai, 10th December, 2021: Runwal Group, one of India’s leading real estate developers, announced the launch of a new residential tower – Lily, in their project Runwal Forests located at Kanjurmarg West in Mumbai. This landmark residential township is spread across approx 15 acres of land on LBS […]

Runwal Group unveils a new tower Lily at Runwal Forests in Kanjurmarg.more

VBHC announces pre-launch of the “VBHC Rowland Park” in Palghar

The project offers modern amenities at affordable prices, and it is the only row house development in the region. Mumbai, 17th December 2021: VBHC Value Homes Private Limited (formerly known as Value and Budget Housing Corporation Private Limited), today announced the pre-launch of their new project “VBHC Rowland Park”, in Palghar, Maharashtra. The Rowland Park […]

VBHC announces pre-launch of the “VBHC Rowland Park” in Palgharmore
Property Registration

Mumbai property registrations at a 10-year high in September 2021

November 11, 2021

The registrations of property in Mumbai, has yet again witnessed a 10-year high in the month of September led by record-low home loan interest rates and incentives offered by developers. As per the data available from the Government’s Department of Registration and Stamps, the month of September 2021 saw 7,799 properties being registered in Mumbai, up […]

Mumbai property registrations at a 10-year high in September 2021more

5 Years Of Demonetization (Comments from real estate experts)

Mr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty, and Hon. Secretary, CREDAI MCHI   “It has been five years since the government took a stringent step by announcing demonetization while encouraging to adopt digital transactions over cash transactions. An important goal of demonetization was to reduce the use of cash in transactions and inspire people to pay […]

5 Years Of Demonetization (Comments from real estate experts)more