Why Property Mutation is Important after a Property is Transferred?
Once an immovable property is transferred, whether by sale, gift, or inheritance, it is vitally important to record the change of title and ownership with the land department of the State because the mutation is prima facie proof of possession. In the case of apartments, the mutation is important to fix property tax liability and…
NK Realtors
Budget 2021 — Incentives for the Affordable Housing Sector
Union Budget 2021-22 was an unprecedented one, considering the unusual time when it was presented. While many other nations are still fighting the economic aftermath of the pandemic and the second wave of infections, India obviously has overcome our worst fears. The economy is up and running now and pleasant indicators are coming up regularly….
What You Can Expect from the Property Market in 2021
Indian realty sector has witnessed tumultuous events in recent years. However, the sector showed huge resilience by adjusting to the policy changes such as demonetization, GST introduction, RERA/HIRA compliance and came out stronger. We foresee an improved working of the realty sector in the future which will tremendously help the homebuyers. In fact, we expect…
How Home Owners Should Readjust to the New Normal in 2021
Riju and Madhurima Dasgupta started living in a gated community in New Town, Kolkata with their 5-year-old daughter for the last 3 months. Riju is a mid-level manager in a renowned 5-star hotel in Kolkata while Madhurima is a History teacher in a reputed school in Kolkata. Riju’s hotel was hit hard by poor room…
USSHAR at Maheshtala – the Unique Realty Project beside the Ganges
After a 2-year stint in the UK, Tushar Sengupta returned to Kolkata with his wife Rini. He went to the UK for a research project at Cambridge University. Staying sometime in the West, Tushar and Rini have developed certain traits. Now they avoid too much crowd, noisy atmospheres, and polluted surroundings. Tushar was earlier staying…
The Year of Hope & Cheer is Here! Let’s Welcome 2021
Last year at this time, it’s doubtful any of us would have anticipated all the challenges that the new year, 2020, would bring. We’ve been confronted with creating and adapting to new ways of learning, working, and living our lives amid stressors that we have never experienced before. However, we can all finally heave a…
Will Property Prices and Home Loan Rates Increase Now?
It is probably the best time to buy a house and the reasons are not difficult to decipher. Rock-bottom interest rates on home loans, festive discounts, offers, and the availability of ready-to-move-in properties mean that buyers can swoop in on good deals. The home loan interest rate is now at 15 year low, but will…
Circle Rate, Market-Rate, and Tax Implications — All You Need to Know
Real estate is one of the most important pillars of the Indian economy. Also, the real estate industry supports many other industries and is a major job-creator. In the interest of the economy, the good performance of this industry is vital. Governments, both at the central and state level, are trying hard to boost demand…
Investment During Dhanteras — Options You Can Consider
Dhantrayodashi, popularly known as Dhanteras ushers in the Diwali celebration in India. Apart from the offerings of puja on this day, this day is traditionally considered auspicious for investment. The focus is, of course, investing in precious metals such as gold and silver. However, nowadays, investing in other assets is also gaining popularity. These days,…