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Transfer and Registration process in Gautam Budh Nagar

- February 06, 2023

Noida Authority Transfer and Registration of property process: The property transfer and registration process in Noida Authority involve several steps, including the following: Transfer Deed: The first step in the transfer process is the execution of a transfer deed, which is a document that transfers ownership of the property from the seller to the buyer. Payment of Transfer Fee: Second step is to pay the transfer fee, which is a fee charged by the Authority for transferring ownership of the property. Verification of Documents: The Noida Authority will verify the documents submitted by the buyer and seller to ensure that they are in order. If there are any discrepancies, the Authority may ask for additional documents or clarification. Stamp Duty Payment: The next step is to pay stamp duty, which is a tax levied on the transfer of immovable property. The stamp duty rate is 5% in Noida and Greater Noida and 7% in YEIDA where the property is located and the value of the propert

How Many jobs in the Indian Real Estate Market?

- February 04, 2023

J obs in the Indian Real Estate Market: The real estate sector is a significant contributor to India's economy and employs a large number of people across various roles, including construction workers, engineers, architects, sales and marketing personnel, and administrative staff. Still, It is difficult to determine the exact number of jobs in the Indian real estate market. According to a report by the National Real Estate Development Council ( NAREDCO ) and i-mART research team, the real estate sector in India is expected to create 65-85 million jobs by 2025. However, this estimate may be subject to change based on various economic, political, and regulatory factors. It's important to note that the real estate sector in India is vast and encompasses various segments, such as residential, commercial, retail, and hospitality, each of which may have different levels of employment. Additionally, the number of jobs in the sector can vary greatly depending on the stage of the busi

Facilities provided by the Yamuna Expressway Authority to the farmers

- January 31, 2023

Yamuna Expressway Authority Facilities to be given to farmers as a result of land acquisition. Yamuna Expressway Authority has adopted the Uttar Pradesh Agreement (Declaration of Compensation Determination and Award on the basis of consent) Rules, 1997, under which land acquisition is done on the basis of agreement after the full consent of the land owner. Apart from the compensation given on the basis of agreement after land acquisition, the following facilities are also provided by the Yamuna Authority to the farmers. The assessment amount is also paid separately for the assets available on the acquired land like tree, boring, construction of tube well etc. Developed area equivalent to 07 percent of the acquired area is allotted for future population. On whose 50 percent area, mixed (commercial, industrial etc.) land use has been permitted. Yamuna Authority gave 17.5 percent reservation to the farmers of the acquired land in the residential plot / commercial (kiosk and shop) sc

Stamp Duty

- January 31, 2023

What is Property Stamp Duty? Property stamp duty is a tax levied by the government on the transfer of ownership of real estate property. It's typically paid by the buyer and is based on the property value or purchase price. The amount varies by jurisdiction and is often used to fund government programs and services. Why Stamp Duty is Important? Stamp duty is important because: 1. It serves as a revenue source for the government. 2. It helps regulate property transactions and prevent fraud. 3. It can influence the housing market by affecting affordability and demand. 4. It can provide incentives for certain types of property ownership and development. What The Rate Of Stamp Duty in India? The stamp duty rate in India varies by state and is typically calculated as a percentage of the property value or purchase price. It ranges from 2% to 7% in most states, with some states having higher rates for luxury or high-value properties. It's important to note that the stamp dut

Real Estate Appreciation in India

- January 30, 2023

Real Estate Appreciation Real estate appreciation is an increase in the value of a property due to market conditions, improvements to the property, or other factors. Understanding the factors that contribute to appreciation can help you make wise investments in real estate. Some of the common factors that impact real estate appreciation include economic conditions, population trends, location, and renovations. It is also important to research recent sales in the area and local zoning regulations to get a better understanding of how the market may affect the property's value. With the right knowledge and a bit of luck, real estate investments can be a great way to build wealth over time. Real Estate Appreciation in India Real estate appreciation in India varies from city to city and is influenced by factors such as infrastructure development, demand-supply dynamics, and government policies. In recent years, cities like Bengaluru, Mumbai, and Delhi have seen a steady increase in p

Property TAXes

- January 25, 2023

What Taxes We Pay While Buying Property? TAXes: When you buy property , you may be subject to several different taxes depending on your location. These taxes can include state and local transfer taxes , recording fees , and mortgage taxes or interest . You may also be subject to capital gains taxes if you sell the property after a period of time. It is important to research the taxes specific to your location before purchasing property. 5 importance of property taxes: 1. Property taxes are an important source of revenue for local governments and schools, helping to fund essential services such as police and fire departments, libraries, and parks. 2. Property taxes provide an incentive for people to invest in their communities, as they can benefit from the improvements they make to their property. 3. Property taxes help to ensure that everyone pays their fair share of taxes, since the amount owed is based on the value of the property and not on income. 4. Property taxes help to preve

How To Be An Investor?

- January 22, 2023

How To Be An Investor? Being an investor can be a rewarding and lucrative endeavour, but it does require some knowledge and careful planning. The first step to becoming an investor is to research and understand the different types of investments available. This includes stocks , bonds , mutual funds , and other financial products. Once you understand the different types of investments, you can decide which type best suits your goals and risk tolerance. Next, you should determine how much money you can invest, and how much risk you are willing to take on. This will help you determine the types of investments that are appropriate for you and your growth. Once you have a plan in place, you can research the different companies and products that are available. It's important to read reviews and understand the risks associated with each investment. Finally, you should open an account with a broker or financial institution . This will provide you with the tools and resou

What is YEIDA?

- January 19, 2023

Yamuna Expressway Industrial Development Authority ( YEIDA ): The Yamuna Expressway Industrial Development Authority ( YEIDA ) is a government agency responsible for the development and management of industrial and infrastructure projects along the Yamuna Expressway. YEIDA 's main objective is to promote the development of an economically sound and vibrant industrial region along the expressway. YEIDA works in partnership with the state government to ensure that the economic development of the region is maximised. YEIDA is responsible for the development of commercial and industrial projects, providing infrastructure, facilitating public-private partnerships, and providing services to the industries located on the expressway. YEIDA is committed to providing a safe and sustainable business environment for all its stakeholders and to promote the development of a vibrant industrial region. YEIDA (Yamuna Expressway Industrial Development Authority) is an industrial area located in

How helpful RERA for property buyers?

- January 18, 2023

RERA helpful for property buyers: RERA has been very helpful to property buyers in India. It has provided them with greater security, transparency, and protection from any unfair practices that may have been used in the past. RERA has ensured that all property transactions are done in a fair, legal, and timely manner, providing buyers with the peace of mind that their investments are secure. Furthermore, RERA has also enabled buyers to get access to essential information regarding the property they are looking to buy, such as the title deed, availability of loans, and the details of any applicable taxes. Overall, RERA has been a great step forward in the Indian real estate sector, providing buyers with the assurance and protection they need to make informed decisions. You can file a complaint with the RERA online : You can file a complaint with the Real Estate Regulatory Authority (RERA) online through their website. To do this, you will need to register an account with your perso

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