Category Archives: News

What is depreciation of property?

Depreciation of property value is the decrease or dip in the selling value of your home. This is calculated as the ‘factor’ product of the total value of the property with the age of construction. For independent houses, it is the building component which depreciates while the land is valued at market price. Continue reading

Model Tenancy Act (MTA) 2021

After years of preparation and drafting, the union government has finally given the green light to a Model Tenancy Act (MTA) 2021, which aims to make rent laws more equitable for landlord and tenant, and smoothen the processing of renting a home. Such an act had become necessary to achieve the target of constructing 20 million houses for the urban poor by 2022 under the Pradhan Mantri Aawas Yojana. Continue reading

Resumes  Property Registration in Telangana

Registration of land, properties and vehicles resumed in Telangana with the extended relaxation hours coming into force in the ongoing lockdown from Monday.

The resumption of services came following the decision of the Cabinet to allow registration of lands, properties under the Stamps and Registration Department and vehicles registration under the Transport Department during the working days. Continue reading

State  government (TS) to crack whip on illegal land schemes

Cracking the whip for the first time on developers illegally selling undivided share (UDS) of land in realty projects, the Telangana State Real Estate Regulatory Authority (TS-RERA), on Thursday, said that such sales will attract severe punishment – up to 10% of the total project cost.

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