What are the Different Types of Property Ownership Processes in India?
“We have finally decided to buy a flat. Staying in a rented flat and moving on to a different one every eleven months is hugely unsettling. Buying a flat also gives a lot of social prestige,” said Moonmoon to her father. “Are you looking for a suitable one?” asked her father. “We are. In fact,…
NK Realtors
What are the things You Must Know about Home Insurance
Rana Dasgupta lives in a flat near EM Bypass, Kolkata with his wife and 5-year-old son. Rana never thought about home insurance ever in his life. The threat of any damage to his home did not appear normal to him in Kolkata. There is rarely any devastating natural disaster in Kolkata, and in his secured…
Hyderabad Property Market is Showing Interesting Consolidation
The Hyderabad property market is showing interesting consolidation, as evident from our detailed study of market data of the January-June period of the current year. In spite of the 2nd wave of Covid, homebuyers’ interest in acquiring properties is very high, especially among the NRI community. The demand data of the Hyderabad property market has…
Kolkata Property Market is Witnessing Continued Consolidation
Kolkata property market is slowly changing with buyers’ budgets, flat areas, and location preferences. The process of change is gradual but definitive. It seems that homebuyers prefer a few locations in South Kolkata such as Joka or Rajpur Sonarpur, especially for relatively affordable homes, while certain other areas near EM Bypass and Rajarhat New Town…
How You can Take Advantage of Stamp Duty Reduction in West Bengal
Homebuyers are having an extremely favourable opportunity to buy their dream homes for some time now. The home loan interest rate is now at a historic low. Although it is unlikely to go down further as the interest rate cycle may turn upwards from here in view of the elevated threat of inflation raising its…
How Important for Your Home to be Close to a Reliable Hospital?
In the early hours of a chilly December morning, Suchitra’s father was hit by something big. That ‘something’ nearly killed him. Subir Chatterjee, Suchitra’s father is about 67 years old. After an uneventful working life in the Income Tax Department, he has been enjoying the quiet life of a retiree. Staying in a gated community…
What Freedom can Mean to a Homebuyer in 2021?
We are living in times of acute uncertainty, massive disruption, and serious insecurity. The raging pandemic has exposed the fault lines of our mundane urban existence, and we are finding it overwhelming to cope with it. We have experienced insecurities regarding our health, jobs, relationships and often feel that we have got entrapped into an…
Fair Market Value of Your Property and Why It Is Important
The concept of the fair market value of a property is very important to the buyer as well as the seller for a variety of reasons. This is especially significant under the Income Tax laws. If the transaction price as stated in the sale agreement is lower than the fair market value of the property,…
How will the Homebuyers Benefit after Lower Stamp Duty in West Bengal
In a pleasantly surprising move, the West Bengal government, in the state budget proposal, announced major incentives to the homebuyers. It announced the reduction of circle rates by 10% and reduction of stamp duty by 2%. The scheme will be valid till September 30, 2022. Because of Covid 2nd wave, the economic activity took some…