Why buying a 2 BHK flat in Sector 150 Noida is good investment?PropertyWala.com. Are you planning to invest in a 2 BHK flat in sector 150 Noida?
Since time immemorial, the value of real estate has been dependent on price increases. And it takes time before its value grows. But with increased investments from multinational companies in India, the value of real estate here is skyrocketing. Noida sector 150 is located at the south end of Noida Expressway. It is located at the convergence of the Yamuna and Hindon rivers and is only 8 km from Pari Chowk, Greater Noida. Noida received an investment of about Rs 64,000 crore, highest of all time!PropertyWala.com. Due to immense capital investment, Noida has become the largest industrial investment district in the country.
Also the investor-friendly policy of Uttar Pradesh government has played a pivotal role in this investment rise. Noida has received the highest level of investment in the last four years among all regions of India. Noida received an investment of about Rs 64,000 crore, which helped it to create more than 3 lakh jobs opportunities. The city is administered by three authorities: Noida Industrial Development Authority, Greater Noida Industrial Development Authority and Yamuna Expressway Industrial Development Authority.
According to authorities data, a major chunk of national and international investors have invested heavily in recent years. Top 5 Reasons to Invest in Kharadi or to Buy Flat in Kharadi!PropertyWala.com. Planning to invest in Kharadi, Pune?
In this article we have described some reasons why investing in Kharadi is best choice for both home buyers and investors. Kharadi, located in northeastern Pune, has seen tremendous growth in recent years. It is becoming one of the fastest growing and most sought after places in terms of location. The area is strategically located close to all the institutions and recreational areas necessary for a comfortable life. Noida authority reduced transfer charges by 5% for residential plotsPropertyWala.com. On Friday, the Noida Authority board reduced the transfer charges of properties.
According to real estate experts it will be a huge relief for thousands of residents. Apartment buyers and owners of residential plots entering the secondary market now have to pay 2.5% instead of 5%. Similarly, transfer fees for commercial, industrial and institutional sectors have also changed. The Uttar Pradesh Government’s Infrastructure and Industrial Development Department has asked the three industrial development authorities in Greater Noida and Noida to regulate their policies. The Greater Noida Industrial Development Authority (GNIDA) had already lowered the rates in June.
Stamp duty reduced by 2% on flats priced below Rs 45 lakhPropertyWala.com. On Monday the State Legislative Assembly approved an amendment to the Revenue Stamps Act of 1957 that significantly reduced the stamp duty on apartments valued from Rs 35 to 45 lakhs to 3%.
However, the 2% discount only applies to the first registration, in other words to the first sale. R. Ashoka, Revenue Minister said hundreds of thousands of apartments in Bangalore and other cities remained unsold due to the problem caused by the Covid-19 pandemic. Reducing the stamp duty will help both the real estate sector, which is struggling with large holdings, and families from low-income groups. The bill anticipates the statement from B.S. PNB reduces home loan above Rs 50 lakh by 0.50% to 6.60%.PropertyWala.com. The day after the SBI and Bank of Baroda announced the festival’s seasonal bonanza, the Punjab National Bank on Friday lowered home loan interest rates for above Rs 50 lakhs by 0.50% to 6.60%.
PNB announced in a statement that interest rates on home loans are now offered at 6.60 percent, regardless of the maximum limit. In a series of proposals issued by the Punjab National Bank during the festival season, PNB has lowered the interest rate above Rs 50 lakhs by 50 basis points (0.50%). The rate will be linked to the creditworthiness of the applicant. The bank said in a statement, “This rate also applies to balance transfer cases and is the lowest among public sector banks.” In addition, it will offer additional home loans at a reasonable interest rate for both balance transfer cases and existing ones. 6 Major Reasons that cause property price appreciation!PropertyWala.com. Real estate will continue to be the preferred investment class worldwide.
Smart real estate investing can change our lives by giving us enough money to make our dreams come true. Today, most of us have an investment portfolio that consists of a variety of investments, be it stocks, bonds, gold, etc. Property E-registration begins from October 2, Maharashtra revenue ministerPropertyWala.com. The e-registration for developers for the first property sale will begin on October 2, Balasaheb Thorat, State revenue minister announced on Saturday.
This initiative will benefit the citizens. “The registration department is all set with the software, and the process will be officially implemented from 2nd October. This will be for developers registered with RERA, to whom the department will supply the software after appropriate checks. This allows them to register documents from their offices.” Karnataka government's to cut guidance value, can boost property market!PropertyWala.com. Last week Finance Minister R.
Ashoka said, that the government is considering revising the guidance value by December. Any reduction will be made in overall Karnataka, with the exception of industrial areas and areas along the highways. Discussions in the state government about the decline in the guidance values have encouraged developers and potential home buyers. This will spur the real estate sector showing signs of improvement after the second wave of Covid-19.
MahaRERA launches help desk to resolve general queries of homebuyersPropertyWala.com. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has opened a help desk for citizens to resolve inquiries from home buyers regarding various services.
Toll-free numbers are 1800 2103770 and 022-69157100 operate from 7:00 am to 11:00pm every day, except Sundays and public holidays. MahaRERA’s secretary Vasant Prabhu said the technical assistance was launched when many citizens declared their inability to communicate with the authorities after the pandemic for various problems. Important tips before you consider a Duplex house for sale in Bangalore!PropertyWala.com. The demand for duplex house for sale in Bangalore has increased at a fast pace. The outbreak of the pandemic has made the average Indian citizen realize the value of owning a home, especially in major cities like Bangalore. People are increasingly choosing larger homes, like a duplex or 3 BHK apartment, to accommodate a specialized workspace within the living space. As work from home is becoming the new norm, people want a home that has dedicated space that can be used as a workspace without any hassle.
As a result more and more home buyers, especially working professionals, intend to shift their decision to Duplex home. Apart from apartments, Bangalore is also experiencing an increased interest of buyers in independent houses for investment purposes. MahaRERA marks 1,824 residential projects as ‘expired’ across the statePropertyWala.com. About 1,824 residential projects in the state were declared as “expired” due to exceeding completion dates set by the Maharashtra Real Estate Regulatory Authority (MahaRERA).
These projects will now require 51% of the buyer’s consent to ensure that appropriate completion dates are extended. 103 of these projects were completed on time in 2017, 541 next year and 1,180 in 2019. According to an official, many projects were not completed, even after a one-year extension under section 6 of the Real Estate (Regulation and Development) Act. “All of these projects will now require the consent of 51% of the buyers in accordance with Section 7 (3) of the Act”. Developers are now restricted to promotions- Due to the Act, developers of these projects are prohibited from selling, advertising, or promoting them before applying for an extension.
Developers collecting money without agreement is violation- TNRERAPropertyWala.com. Developers who collect payments from home buyers without entering into a construction or sale contract are in violation of the TNRERA Act, the state property regulator has determined. Tamil Nadu Real Estate Regulatory Authority, in a recent order noted that partial payments with “expression of interest” with a promise of refund/repayment were misleading and were intended to circumvent legal proceedings.
The complaint concerns “The Goodwood Residence” in Cenotaph Road area of Chennai, developed by Cenotaph Developers LLP and Olympia Tech Park Chennai Pvt. Ltd. The complainant’s or buyer documentation stated that Rs 3.63 crore had been paid to developers. You can now apply for completion certificates online - Noida AuthorityPropertyWala.com. All allottees in Noida will now be able to request course completion certificates online. In addition, allottees in all categories can independently assess the breach of the building plan rules and pay interest or compounding fees to the Noida Authority online.
Until now, the Authority has only processed online applications of industrial and residential allottees. And to date, over 1,600 Noida allottees have applied for completion certificates through the online platform. On Tuesday, the Authority expanded its online services to all recipients, including commercial, group and institutional housing, options will be available to users from Wednesday. Centre to raise Rs 15,000 crore by realty and hotel assest monetizationPropertyWala.com. On Monday, Nirmala Sitharaman, Finance Minister of India, announced a Rs 6 lakh crore National Monetisation Pipeline (NMP).
This will unleash the value of infrastructure assets in all sectors, from power to railways and roads. NMP indicates assets and asset classes under various infrastructure ministries that will generate revenue over a period of time. The center plans to monetize properties worth about Rs 15,000 crore. This includes several residential colonies in the country’s capital and eight ITDC hotels as part of the National Monetization Pipeline (NMP). CIDCO begins geo-tagging of plots / land parcels in Navi MumbaiPropertyWala.com. Non-farm use of plot only after infrastructure in place- MahaRERAPropertyWala.com. Should you Invest in Yamuna Expressway? 6 month extension to builders to deliver projects-MahaRERAPropertyWala.com.
UP-RERA to give nine month extension for registration of projectsPropertyWala.com. MahaRERA restricts about 644 projects across Maharashtra from salesPropertyWala.com. Supertech to deliver over 8,000 flats by December 2021PropertyWala.com. Should you Invest in Sector 93 Noida? Buyers may face a delay upto two-year in delivery of flats in Delhi-NCRPropertyWala.com. Tamil Nadu government plans to boost revenue via property registrationsPropertyWala.com. UP-RERA rejects super-tech projects registration - PropertyWala.comPropertyWala.com. YEIDA announce 2 new policies to help stalled projectsPropertyWala.com. Real estate agents in UP seeking for new insolvency resolution policiesPropertyWala.com. 4 Reasons to invest in Dwarka Expressway. Builders in Pune can use credit notes for wider paymentsPropertyWala.com. Why Ahmedabad realtors convert commercial projects into residential?PropertyWala.com. Greater Noida authority reduces transfer fee on real estate transactionsPropertyWala.com.
7 Amazing Reasons to Invest in Hinjewadi. Authorities planning to increase circle rates in NoidaPropertyWala.com. Government to link e-court with land records to ease registrationPropertyWala.com. Goa Government increases property registration fee by 0.5 to 1%PropertyWala.com. How Model Tenancy Act benefit Tenants and Landlords?PropertyWala.com. Top 6 Benefits of Investing in Panvel. BRERA wants separate teams to help home buyers. Gujarat government offers property tax waiver for restaurants, hotels, resorts & water parks for FY21-22PropertyWala.com. BRERA penalises Green Vatika, Arunendra Developers & Shiba WelcomePropertyWala.com. Maharashtra: Slot-booking mandatory for property registration in AprilPropertyWala.com. Noida Police attaches 56 illegally constructed flats in ShahberiPropertyWala.com. Which are the best area to buy flat in Noida 2021?PropertyWala.com. 5% Stamp duty on property registrations resumed from 1 AprilPropertyWala.com.
UP-RERA to issue a show-cause notice to Supertech RealtorsPropertyWala.com. Goa CM cuts infrastructure tax by 30% to revive real estatePropertyWala.com. Prestige Estates to aquire Ariisto's stuck project in Mulund, MumbaiPropertyWala.com. Gaurs Group to complete 10,964 pending Amrapali units at Rs 2,124 crorePropertyWala.com. UP-RERA to organise National Lok Adalat on April 10PropertyWala.com. Kolkata: NKDA starts special camp to help property taxpayersPropertyWala.com. Guj-RERA fines Devnandan Builder, Shivalik Infraspace, other for violationPropertyWala.com. UP-RERA cancel Ansal API Project, Penalise Supertech, MahagunPropertyWala.com. ORERA Fines Two Realtors for Violations of RERA ActPropertyWala.com. Chandigarh Housing Board (CHB) to Auction 110 Residential PropertiesPropertyWala.com.
No compensation if agreement doesn't provide for it: TNRERAPropertyWala.com. Ghaziabad Development Body asks Residents to vacate Alaknanda TowersPropertyWala.com. 56,000 Applications to Convert Agricultural land to Non-Agricultural usePropertyWala.com. 56,000 Applications to Convert Agricultural land to Non-Agricultural usePropertyWala.com. YEIDA Begins Registry of Residential plots Launched in year 2009PropertyWala.com. Maharastra: About 1,000 Cidco plots up for grabs over next 12 monthsPropertyWala.com. Delhi Govt reduces Home Loan Interest and Circle RatesPropertyWala.com. SBI, HDFC, Kotak Offer Lowest Home loan Interest Rates!PropertyWala.com. Ascendas India Trust to acquire Industrial Project in ChennaiPropertyWala.com.