In a set of new guidelines, the Goa Real Estate Regulatory Authority (Rera) has asked builders and realtors to refrain from adding disclaimers while advertising housing or commercial projects in the state.
The department of urban development has introduced new guidelines to streamline the process for issuing bifurcation or separate house numbers for existing houses. This aims to make life easier for nuclear families living under the same roof but seeking independent utility connections.
Market observers say that the proposed move aims to simplify the rules and developers will get the benefit of lower taxes. Due to this, homebuyers will also be able to get homes at cheaper rates.
As global trends shift and demographics evolve, a new contender is emerging on the investment horizon: senior living communities or retirement homes. No longer a niche market, senior living has captured the attention of savvy investors who recognize its immense potential, not only as a socially relevant initiative but also as a financially rewarding asset class.
Many personal finance experts regard real estate as a reliable vehicle for efficient tax planning. Moreover, it is also considered a good instrument for wealth creation, albeit if you know how to structure your property investments efficiently. Here’s all you need to know.
You may live in your house, pay every bill, even have it registered in your name — but in the eyes of Indian law, you could still own nothing. Mutation is not a bureaucratic step – it is legal proof of ownership in government records.
Under the updated rules, all property records will go digital, allowing buyers to access title deeds, ownership details linked to Aadhaar, and any bank loans or dues on the property.
NRIs, after acquiring a property in India, should file annual income tax returns even if the income generated from the apartment is below the taxable threshold.
State govt on Wednesday directed the panchayats to issue bifurcation of house numbers of existing houses without partitioning the plot. This will allow separate families living in the same house to avail themselves of basic amenities like separate water and electricity connections in their names.