How You can Take Advantage of Stamp Duty Reduction in West Bengal
Homebuyers are having an extremely favourable opportunity to buy their dream homes for some time now. The home loan interest rate is now at a historic low. Although it is unlikely to go down further as the interest rate cycle may turn upwards from here in view of the elevated threat of inflation raising its…
NK Realtors
How Important for Your Home to be Close to a Reliable Hospital?
In the early hours of a chilly December morning, Suchitra’s father was hit by something big. That ‘something’ nearly killed him. Subir Chatterjee, Suchitra’s father is about 67 years old. After an uneventful working life in the Income Tax Department, he has been enjoying the quiet life of a retiree. Staying in a gated community…
What Freedom can Mean to a Homebuyer in 2021?
We are living in times of acute uncertainty, massive disruption, and serious insecurity. The raging pandemic has exposed the fault lines of our mundane urban existence, and we are finding it overwhelming to cope with it. We have experienced insecurities regarding our health, jobs, relationships and often feel that we have got entrapped into an…
Fair Market Value of Your Property and Why It Is Important
The concept of the fair market value of a property is very important to the buyer as well as the seller for a variety of reasons. This is especially significant under the Income Tax laws. If the transaction price as stated in the sale agreement is lower than the fair market value of the property,…
How will the Homebuyers Benefit after Lower Stamp Duty in West Bengal
In a pleasantly surprising move, the West Bengal government, in the state budget proposal, announced major incentives to the homebuyers. It announced the reduction of circle rates by 10% and reduction of stamp duty by 2%. The scheme will be valid till September 30, 2022. Because of Covid 2nd wave, the economic activity took some…
Model Tenancy Act is Approved by the Union Cabinet
The Union Cabinet, on June 2, 2021, approved the Model Tenancy Act, in a move that is likely to revive India’s rental housing market by initiating a multitude of reforms. The government issued a statement that said, “The Model Tenancy Act aims at creating a vibrant, sustainable and inclusive rental housing market in the country….
Why Should You Choose to Live in a Housing Complex During the Covid Pandemic?
Are there really a lot of advantages of living in a housing complex these days? Is there better safety? Does the community and the infrastructure help to live a more fulfilling life? Sambit Roy lives in a gated community with his beautiful wife Sreetama and their 7-year-old daughter Rini. They really think that living in…
What are the Locational Factors that Impact Property Prices
Property prices in any city depend on a plethora of factors. It’s the various parameters of a location that determines property prices to a great extent. Any community grows on the back of a neighbourhood where any property is situated. Be it your child’s growth or family’s safety, this community plays a big role in…
What are the Pros and Cons of Buying a Flat vs a Bungalow
Sanchita always had a dream. A dream of her own home. A well-decorated home, a piece of heaven of her own, without the prying eyes and ears of the ‘next door’ neighbours. She was born and brought up in Jamshedpur where the ubiquitous apartments did not make their marks in her childhood. She lived in…