Kolkata Property Market is Witnessing Continued Consolidation
Kolkata property market is slowly changing with buyers’ budgets, flat areas, and location preferences. The process of change is gradual but definitive. It seems that homebuyers prefer a few locations in South Kolkata such as Joka or Rajpur Sonarpur, especially for relatively affordable homes, while certain other areas near EM Bypass and Rajarhat New Town…
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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…
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…
10 Awesome Steps to a Happier Home in 10 Minutes
A home is not merely a place of stay but a receptacle of sharing love, laughter, occasional sadness, and togetherness. We spend a lot of our lives in our homes, and unless we fill them with happiness, we will be alone in our families. Covid pandemic has reminded us of the need for living in…
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….
This Summer is Going to be the Extremely Hot — How will You Cope?
We are experiencing unbearable heat every summer in India. It is expected that 2021 will be no different. The Indian Meteorological Department (IMD) has stated that the summer season is expected to be warmer than usual over most regions of India except some southern states. Kolkata weather is extremely humid in addition to being hot,…
What Steps You Can Take to Conserve Water This Summer
These days, school projects involve the parents so much that they become part of the project team along with their child. So, when Aditya informed his parents that he must submit a project on ‘how to conserve water this summer,’ his parents swung into action. A brainstorming session followed. Everyone came out with a number of ideas…