property cost
With the increase in input cost for the real estate industry, a rise in the property cost is expected in the real estate market in the country. With the hike in service tax, the cost of cement, steel and the labour wages have increased sharply in India. As a result of the rise, the scope [...] Continue Reading »
The government of Mumbai has introduced the new development control regulations for the properties in Mumbai. According to the new Floor Space Index (FSI) calculation, the balcony, flower beds, ducts, car decks, etc. will not be included in the salable floor area. However according to builders association this decision will increase the cost of the [...] Continue Reading »
Through a notification, Reserve Bank of India asked all the commercial banks in India to exclude the stamp duty and registration charges from the evaluation of the value of any property. So from now onwards the stamp duty amount needs to be paid by the buyers. Banks will not add the amount in the home [...] Continue Reading »
