Precautions You Need When You Pay Rent to a Close Relative
After shifting to Kolkata, government employee Soham Ghosh took on rent an apartment owned by his maternal uncle. Being a salaried person, he claimed HRA (House Rent Allowance) tax benefit under Section 10 (13A), as he was paying rent for a residential accommodation that he does not own. This looks like a perfect scenario, but…
NK Realtors
Home Buyers are Now Financial Creditors: What is the Difference?
The cabinet has put home buyers at par with financial creditors, such as banks, etc. after approving changes to the Insolvency and Bankruptcy Code or IBC 2016. This was enacted to shore up home buyers who are left stranded by real estate companies declaring bankruptcy. Buying an apartment includes paying for a long list of…
Top Areas to Buy a Property in Hyderabad Based on Our Reports
Even when the real estate market in most parts of the country remained sluggish over the last few years, property investors can buy a property in Hyderabad for handsome benefits. The Telangana government’s positive outlook in terms of aggressive infrastructure development, including elevated corridors, strategic road networks, and the Metro Rail, are prime factors that…
It is Easy to Pay Property Tax in Kolkata Now — Here’s How
65-year-old, Kaushik Banerji recalls the hassles he had to undergo while paying property tax in Kolkata by visiting a nearby bank for two of his family-owned properties — “The long, chaotic queue extended beyond the bank’s gate, and the sweltering heat that afternoon was unbearable.” “But the worst part was yet to come,” smirks the…
Why Living as a Tenant in India Will Always Keep You Dissatisfied
Many families across India stay on rent due to various reasons, primarily financial. However, in the Indian society, it is almost an unwritten social stigma which links it to your financial instability. Owning a home is a typical Indian dream, but many proponents cite renting a house costs much less than owning one. In the…
Live in Rajarhat, Access the Best of New Town, Kolkata
Low whispers of her colleagues, blank stares, and a fuming boss have become a common sight for Aratrika Sengupta, an analyst with an IT company in New Town. This is the third time in a row that she has been late to office. Same is the case with her husband, Indranil who also works in…
How a Property under Joint Ownership Can be Impacted by Divorce
Like most people, Ashutosh and Kaberi decided to buy a house after tying the knot. They joined forces and finances to pick a property in Kolkata that they could call their new home. Also, buying a home in joint ownership seemed like a wise decision because of the tax benefits both of them would enjoy….
Is Kolkata Staring at a Future Water Crisis Due to Groundwater Depletion?
Tollygunge resident, Rakhi Dasgupta is late for work as she had been running around since early morning to store water for drinking and cooking. Her apartment of six families has been facing water shortage for the last couple of days due to a possible snag in the pipeline that brings water to their reservoir. However,…
Why is Hyderabad India’s Most Livable Metro City?
When a Delhi-based couple, Vishal and Prerna first went to Hyderabad for a relative’s wedding, the spectacular city had worked its charm on them. They were enamoured by its old-world appeal while thoroughly enjoying its modern and upbeat vibe. Six months later, Vishal was thinking about a job change, and when a few good offers…