Introduction Owners of real estate under the Municipal Corporation of Gurugram’s (MCG) jurisdiction must pay the relevant property taxes. While Haryana’s Urban Local Bodies system offers services for property-tax payments, No Dues Certificates, and property detail adjustments, MCG offers an online property-tax service for property owners to find property records and make payments. This...
Introduction A posh flat in Gurgaon which is still under construction is being sold to a buyer for 4 crore. There may be other costs linked with the transaction, hence the ultimate cost of purchasing may be higher. The property and agreement may include GST, stamp tax, registration costs, Preferential Location Charges (PLC), club or amenity fees, maintenance deposits, parking fees and other...
Introduction In Delhi NCR, a buyer can find the perfect flat, builder floor or plot, negotiate the price and get ready to make the payment. But there is one important question left to be resolved before the sale is done. The Encumbrance Certificate (EC) is an important document during the property due diligence process. It is used to determine if there are any transactions or encumbrances...
Introduction Consider two property sales in Gurgaon. A resident of Golf Course Road sells his residential flat, earns long term capital gain. Another investor exits Gurgaon site to book long-term profit. Although both transactions yield capital gains, they might not be qualified for the same exemption. Now is the time to understand Section 54F and the Section 54 capital gains exemption....
Introduction The taxable capital gain is not necessarily the difference between the acquisition and the sale price in its entirety. The regulations have changed effective 23 July 2024, especially in the areas of indexation and long-term capital gains. A grandfathering clause could cover some residents and HUFs who purchased land or structures prior to that date. It means the previous site...
Introduction Larger homes built with comfort, privacy, and practical living in mind are becoming more and more popular in Gurgaon’s upscale residential market. Buyers are becoming more interested in low-density buildings, servant quarters, private elevator lobbies, wider balconies, dedicated utility rooms, and efficient floor plans. Therefore, comparing the total square footage or quoted price...
Introduction Gurugram has evolved from a major corporate hub to one of the most important luxury residential real estate markets in Delhi NCR. The strength of the corporate and employment sectors has driven the demand for excellent residences close to key commercial hubs. This transition has been further enabled by infrastructure development with new residential buildings being attracted to...
Introduction Buying a home is one of the largest financial decisions most individuals make. One of the most common queries that purchasers come across is choosing between an under-construction house and a ready-to-move property. Your decision can affect your overall costs, home loan tax benefits, investment gains and degree of risk. This blog compares Ready to Move versus Under Construction...
Introduction Delhi NCR is the largest commercial office market in India, and continues to draw corporations, investors and occupiers across a range of industries. Buying a bare shell or a warm shell office space is one of the most important decisions to be made while choosing commercial office space in Delhi NCR. Each option provides a different set of rewards based on the demands of the business...
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