Carpet area
Maharashtra Housing and Area Development Authority (MHADA) has kept aside about 84 low-cost homes in Powai being built for the higher-income group (HIG) which had been set up with the intention of providing affordable housing for the public. The purchase price of these flats is well over a crore. The Authority is considering to allot [...] Continue Reading »
The much-awaited Real Estate (Regulation and Development) Bill has obtained clearance from the Cabinet on 4th June. The Bill is expected to bring in transparency in the nation’s real estate sector with tighter norms for selling projects and preventing property fraud cases. This Act may be called as the Real Estate (Regulation and Development) Act, [...] Continue Reading »
The proposed Real Estate (Regulation and development) Bill has made carpet area a compulsory feature for approving building plan. The decision was made by top government officials at Association Chambers of Commerce and Industry in India (ASSOCHAM) event held in New Delhi. Now, the development authorities and municipalities will have to clear building plan or [...] Continue Reading »
Gandhinagar: New housing policy has been drafted by the Gujarat government and is expected to be announced in a month’s time. According to sources, the government will simultaneously announce two sub-policies on slum rehabilitation and affordable housing in the cities. The state government has been planning to develop 22 lakh houses in the urban areas [...] Continue Reading »
Patiala- The unit evaluation committee of Patiala Municipal Corporation (MC) has fixed the unit values of the properties per square metre according to five categories defined by the Punjab government. The property tax calculation will be done based on several parameters such as usage factor, type factor, structural factor, occupancy factor and most importantly, the [...] Continue Reading »
Coimbatore - Many people get confused whether it is the plinth area or the carpet area that has to be considered while assessing property tax. Well, Mr. Sundararajan, Assistant Commissioner, Revenue, clarifies the doubt with clear explanation. He said that the Coimbatore Corporation considers the plinth area and not the carpet area in assessing property tax. [...] Continue Reading »
Property buyers will have many reasons now to cheer. The Real Estate (Regulation and Development) Bill is in its planning stage and Parliament is likely to discuss the same in its coming budget session. As per real estate experts, a strong law will be put forward to stop unethical and unscrupulous practices in the real [...] Continue Reading »
Majority of the builders have starting selling apartments on the basis of carpet area instead of the super built-up area after years of delay and now it has become the norm. Even the buyers are ready to pay as they have to pay for the actual area of their property. The best thing about it [...] Continue Reading »
Frustrations of lakhs Mumbaiites who are watching their dream homes slip fast out of their reach. There are several factors to blame for this, but chief among them is the ugly nexus between civic officials, politicians and the builders. The builder community claims that it is being blamed unfairly. “How can we control prices when [...] Continue Reading »
Many buyers occupy their property before procuring an occupancy certificate. If a consumer starts using a property without a certificate, he is as much at fault as the builder. Corporators have demanded that when it comes to high-rise buildings, the Pune Municipal Corporation (PMC) should not issue occupancy certificates, even to individuals, unless they get [...] Continue Reading »
