Kolkata, the City of Joy, is known for its rich cultural heritage, colonial-era architecture, and a real estate market that is both dynamic and affordable compared to other metro cities in India. If you are planning to invest in an apartment in Kolkata, understanding the price trends is essential. This article aims to provide an in-depth analysis of the price trends, factors influencing real estate costs,...
The Union Budget 2025 introduces a series of transformative measures aimed at revitalizing the real estate sector and making homeownership more attainable for the middle class. These initiatives are poised to stimulate economic growth, bolster infrastructure development, and restore confidence among homebuyers and investors. Significant Tax Relief for the Middle Class A pivotal component of the...
The upcoming Union Budget 2025 presents a pivotal opportunity to implement strategic policy reforms that can significantly enhance the real estate sector's contribution to India's economic development. By addressing key areas such as affordable housing, industry status recognition, taxation, regulatory frameworks, infrastructure development, sustainable building practices, and foreign investment, we can...
A RERA escrow account is a specialized bank account mandated by the Real Estate (Regulation and Development) Act, 2016 (RERA) in India. Its primary purpose is to ensure that funds collected from homebuyers are used exclusively for the construction and development of the specific real estate project for which they were intended, thereby safeguarding the interests of buyers and promoting transparency in the...
When purchasing a residential property, the Base Selling Price (BSP) is just the starting point. Developers add various other charges to cover amenities, infrastructure, and legal requirements, often increasing the total cost significantly. Here’s an overview of these additional charges: 1. Development Charges (DC) Development charges are levied to cover the cost of infrastructure and...
When purchasing property, terms like Base Selling Price (BSP), Preferential Location Charges (PLC), and Floor Rise Charges (FRC) are critical to understanding the final cost. These charges often increase the property price beyond its basic value, making it essential for buyers to understand their implications. What is BSP (Base Selling Price)? The Base Selling Price (BSP) is the foundational...
When purchasing an apartment in India, one critical concept that buyers often encounter is the Undivided Share of Land (UDS). This pivotal aspect influences legal ownership, resale value, and future benefits. In this guide, we delve deep into UDS, offering insights on its significance, calculations, legal implications, and more. What is UDS in Real Estate? The Undivided Share of Land (UDS) refers to...
Real estate continues to be one of the most resilient and lucrative investment avenues. Despite rising property prices, advancements in technology and innovative financial instruments have made real estate accessible to retail investors. These opportunities allow individuals, including young investors, to reap the benefits of rental income and property appreciation without substantial financial...
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced a key regulation that mandates the inclusion of real estate agents' fees, including commissions and brokerage charges, in the model property sale agreement. This regulation results from consultations between MahaRERA and the National Association of Realtors (NAR)-India. Their partnership reflects a push for a professionalized and...
When navigating the real estate market, especially when purchasing an apartment or house, it's essential to understand the core concepts of carpet area, built-up area, and super built-up area. These measurements directly influence pricing, usability, and investment value, as they define the amount of space you’re paying for and using. Familiarizing yourself with these terms ensures that you make an...
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