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MahaRERA Gives Home Buyers the Much Needed Confidence

Gautam Chatterji MahaRERA

MahaRERA gives Home Buyers the much needed confidence It’s first time ever in the History of Real Estate in India that the home buyers rights are protected and their investments or decisions to buy real estate are in safe hands now. MahaRERA Latest Verdict RERA in a short span of time since it was applicable from 1st May 2017 has …

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Open Car Parking Space cannot be sold by Developer – MahaRERA

Open Car Parking Space Mumbai MahaRERA

Open Car Parking Space cannot be sold by Developer – MahaRERA https://realty.economictimes.indiatimes.com/news/regulatory/maharashtra-rera-reiterates-selling-open-car-parking-space-not-allowed/62187713 The above article appeared in the Economic Times this morning. Mumbai Property Exchange – Sandeep Sadh views – This is a very good decision by MahaRERA as this will give clarity to both home buyers and developers as what is saleable and what is not. Interesting thing to …

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Happy New Year with Bank Interest Rate Cuts…!!!

Happy New Year with Bank Interest Rate Cuts...!!!

Happy New Year with Bank Interest Rate Cuts…!!! The Year 2017 has begun with a positive note for the Housing Sector in India. As we draw closer to 1st Feb 2017 and thereafter the RBI bi-monthly review policy on the 7th Feb 2017, we anticipate deeper cuts in the Home Loan and this is sheer good news for the Real …

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Mumbai, The Dying Financial Capital of India.

Mumbai, The Dying Financial Capital of India.

Mumbai, The Dying Financial Capital of India. Today was a usual rainy day in Mumbai, but what was unusual about it, was the never-ending traffic in nontraffic hours. To reach from one place to another in Mumbai city it takes forever and a lot inconvenience. I had to cancel 4 different appointments today owing to this, imagine the kind of …

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Government should Make it Easy for NRI’s to Sell Property

Government should Make it Easy for NRI's to Sell Property

Government should Make it Easy for NRI’s to Sell Property NRI’s while selling a house are liable for Tax deduction nearly above 30% on the total gross receipt. For example you bought a home for 1 CR in 2005 and now you are selling it for 2 CR, the income tax department says the buyer must deduct TDS at an …

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Government should be careful in Revising Ready Reckoner Rates

Government should be careful in Revising Ready Reckoner Rates

Government should be careful in Revising Ready Reckoner Rates In a significant move, the Maharashtra State Government has decided that the Ready Reckoner rates will now be calibrated each year on the 1st April 2016 aligning with the Financial Year. In most of the location across Mumbai, the Ready Reckoner rates are already very high or very close to the …

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Coastal Road – A New Challenge or a Dream

Coastal Road - A New Challenge or a Dream

Coastal Road – A New Challenge or a Dream As they say, ” There is light at the end of the Tunnel”, same is the case of Mumbai’s infrastructure story. Although a lot has been done over the past few years, but some thing or the other misses at the tail be it final touches, finishing or jam at the …

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Pre Approved Home Loan benefits for Home Buying

Pre Approved Home Loan benefits for Home Buying

Pre Approved Home Loan benefits for Home Buying Pre Approved Home Loan benefits for Home Buying: Whenever we speak to a home buyer for a home loan, the answer is let me finalize the property first and then we will apply for the home loan.Which ideally is not always correct. There are a lot of benefits once we get Pre-Approved. A …

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