CHANGE IN THE RULES FOR THE CEILING HEIGHT BY MCD. The Municipal Corporation of Delhi (MCD) has revised the no-objection certificate (NOC) regulations, allowing residential buildings with stilt parking to reach a height of 17.5 metres without needing approval from the Delhi Fire Department. This change follows a Supreme Court ruling that permits such an exemption. Previously, an NOC from the...
1. Am I correct that the building empty is easier to sell? Yes, selling a vacant, ready-for-possession is much easier to sell in your case as the rent that you are getting is very low. Vacant properties offer more flexibility to potential buyers, and they can envision various use cases without being bound by existing lease agreements or tenant arrangements. Many Commercial properties sell higher than...
Navigating the South Delhi Real Estate Market: Understanding Roles and Commissions Are you diving into the dynamic real estate market of South Delhi? It's crucial to comprehend the roles of professionals you'll encounter and the unique approaches they bring to the table. In this vibrant market, two distinct sets of individuals operate with different business models, each catering to diverse buyer...
Unraveling Capital Gains Tax Exemptions: A Comprehensive Analysis In the intricate landscape of Indian tax law, Sections 54 and 54F of the Income Tax Act hold sway over the realm of Capital Gains Tax Exemptions. However, the practical application of these provisions, particularly regarding property transfers and Capital Gain Exemptions, often becomes a breeding ground for legal disputes and litigation....
The Delhi Building By-Laws refer to the set of regulations and guidelines for the construction, alteration, and maintenance of buildings in the National Capital Territory of Delhi, India. These by-laws are designed to ensure the safety, health, and welfare of the occupants of buildings, as well as the preservation of the environment and the aesthetic values of the city. They cover various aspects of...
Joint Development Collaboration is a deal between the developer and the property owner wherein the house owner allows the builder to dismantle the old house and re-build it for him on mutual agreed terms and conditions. This is a win-win situation for all:OwnerBuilder/ Bidder If you have decided to build your home with the best builder or the best bidder This post will help your...
Top Things that Determine a Home's Value Top Things that Determine a Home’s Value Home buyers believe the physical characteristics of a house will lead to increased property value. But in reality, a property’s physical structure tends to depreciate over time, while the land it sits on typically appreciates in value. If you are planning to sell your property, The very first step is ...
In current times of busy lifestyle, we always refer to internet for all our needs from finding the best college to buying a new car. Recently, people have moved to online platform even to find a good property as it is very convenient and easy. Internet is full of real estate agencies giving full details about properties these days and one can easily surf 20-30 properties in an hour saving their time...
How tax is calculated on purchasing a property from NRI? As per Section 195, any person purchases an immovable property from a non-resident, TDS is required to be deducted on the amount of the capital gain (not on the sale proceeds) arising to such non-resident as per Section 195 of the Income Tax Act. In other words, as per the Indian Income Tax Act, when a resident purchases any property from a...
Impact of COVID-19 on South Delhi Luxury Residential Market Yes, Corona is real and is spreading like a fire! Since first being identified in December last year in the Wuhan district of China, Coronavirus has spread to dozens of countries around the world. Global economy seems to be entering into a global recession with global powers like Italy, US being worst affected. The pandemic outbreak is...
