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….
NK Realtors
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…
What You Must Know about the Common Area in Your Apartment Complex
In your gated apartment complex, the ‘common area’ is an indivisible area that is co-owned by every resident, and collectively maintained by every resident. The Apartment Act of a state as well as the Real Estate (Regulation and Development) Act, 2016 help define and govern the common area in an apartment complex. What Constitute the…
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…
Santragachhi, Howrah — Close to Kolkata, Upcoming Real Estate Hotspot
There is an old saying that the western bank of the Ganges is as holy as Varanasi — ‘Gangar Poschim Kul, Varanasi Samatul’. In fact, Howrah is a much older city than Kolkata and in the recent past, has again come to focus. Howrah, especially the north-western area of Howrah, has seen increased development activities…