Proposed Land Bill Will Stymie Growth

Experts say that the Land Acquisition Bill, if passed in its current form, would slowdown urbanization in the country and hamper the growth of the economy.  The proposed Land Acquisition Bill is likely to affect the implementation of most of the real estate projects including housing projects. Experts and developers say that if the bill is passed in its present form, it will not only increase the cost of a project but would also...

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Buy cheaper flats in a resale

After the failed predictions over the past couple of years about a fall in property prices, you are more likely to witness the prophesied Second Coming before the promised correction. So what should cash-conscious buyers do? Wait endlessly in the hope that realty prices falter or take the bait of glossy schemes offered by developers? While most such offers for new houses seem tempting, you won't derive any real benefit.  Fortunately,...

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Things to remember before you sign a rent agreement

When Kshitij Nadekarfinalised the house he wanted to rent in Pune a year ago, he thought he would stay there for 2-3 years till he bought his own house. "The place was in a reasonably good condition and was very close to my office. So, I immediately signed the agreement with the landlord," says the 37-year-old management executive.Nadekar had agreed to pay a monthly rent ofRs 5,000 and furnished Rs 50,000...

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10 Environmentally Friendly Architectural Styles

Start the Countdown Before green was mainstream, environmentally friendly home styles had a kind of chunky utility. They were obviously different than regular houses and were probably thought by some to be the kind of homes you might find on a commune or ones only hippies lived in. But not anymore. Green homeshave come a long way from the prototypes (and stereotypes). Today's contemporary eco-responsible homes have an elegant...

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TDS on purchase/sale of house – what it means for you

By: Maadhav Poddar, Associate Director-Tax & Regulatory services, Ernst & Young Budget 2013, while did bring forward certain proposals which are welcomed by the real estate sector, but failed to delight and bring cheers to this sector as it did not to cater to sector's long standing demands and needs. On direct tax front, while the proposal to provide additional interest deduction of Rs 1 lakhs for low cost...

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