How is TDS on Properties Relevant for Home Buyers?
The Government of India, in a bid to curb the widespread use of black money in immovable property transactions, has legislated a bill, wherein, the buyer of a property has to deduct TDS on properties while paying to the seller. The Properties That Are Covered The TDS law, under Section 194IA of Income Tax Act,…
NK Realtors
Is Real Estate Market in Hyderabad Seeing the Start of Massive Growth?
Ever since its birth in 2014, Telangana, the youngest state in the country, has shown positive signs of development, growth, and prosperity. Not only it has grown steadily at a CAGR of over 19 percent, its realty sector created history last year when it accommodated 6.5 million square feet of office space, primarily driven by…
From the City of Joy to the City of Pearls: Vandanaalu Hyderabad!
At NK Realtors — one of the most trusted names in real estate in Kolkata — we are pleased to announce that we are branching out to a second location in order to put our competitive advantages to better use for reaching newer milestones. With an experience of 30 years in the real estate, we…
Pradhan Mantri Awas Yojana CLSS Scheme for MIG Families is Now Extended
You have always dreamt of a home of your own if you do not have one. It is not a luxury; it is your basic necessity. Your own home provides you with a security of a roof over your head, and your freedom from rented houses and the feeling of societal aloofness. For a lot…
Why It is Prudent to Invest in Real Estate in Hyderabad Now
Investment in real estate never fails to offer a handsome return in India. However, the returns are divergent across states, localities, and zones as growth potential varies. Financial returns in real estate investment are dependent on infrastructure growth, government policies, urban migration, and a plethora of factors. Hyderabad is currently on a fast growth trajectory…
How Telangana RERA Will Change the Real Estate Industry in Hyderabad
The Telangana state government notified the RERA registration rules for the state, in which separate processes will be applied for project registrations and agents. The state has also expressed its interest in constituting a regulatory authority, which will have the responsibility of monitoring RERA registrations, as well as buyer-seller disputes, in line with the central…
Is Positive Sentiment Driving the Growth of Premium Residential Segment in Kolkata?
When a Kolkata-based businessman, Prakash Arora, decided to shift from his old home in Hazra and get a new apartment for his family, he wanted nothing but the best. While driving back home from his ‘posh’ South Kolkata office one day, he saw an advertising hoarding for a premium residential project coming up along the…
Can ‘Reverse Mortgage’ Become More Popular in India in Future?
72-year-old Asit Sen and his wife, 68, live in a house he owns in Manicktala. That’s the only asset the couple has. A former employee of the local post office, Mr. Sen lives off his meagre pension but with his wife’s illness, things are getting difficult to manage. Their son, who lives in Australia barely…
What are the Effects of RERA after Three Months of Implementation?
Real Estate (Regulation & Development) Act (RERA), 2016, India’s big-bang real estate reform, became effective from May 1, 2017. Every real estate project (either above 500 sq. mt. or 8 apartments), new or ongoing, is to be sold or advertised by the builder falls under the ambit of this new regulation. The new act…