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
After deciding to auction unutilised government land, the state government is mulling to increase land values for property registrations. After GST and excise, revenue earned through property registrations is the third highest source of revenue for the government. Continue reading
Despite the pandemic, the real estate industry in Hyderabad recorded brisk business in April and May, with at least 40 major residential projects of multi-story buildings having applied for permissions.
To regulate unabated unauthorised constructions in the city, the Greater Hyderabad Municipal Corporation (GHMC) has constituted a special task force (STF) to inspect all the ongoing constructions and initiate action, including demolition. The STF will also have powers to seal the buildings. Continue reading
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
FSI means the ratio between the area of covered floor (Built up Area) to the area of that plot (land) on which a building stands. This numeric value indicates the total amount of area (on all floors) you can build upon a plot. Continue reading
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.
Among the many taxes that home buyers have to pay on property purchase is the Goods and Services Tax or GST on flats. Many changes have already been made in this tax regime, in a short span of time since it came into force in July, 2017. In this article, we examine the implications of the GST for real estate in general and home buyers, in particular.
Investments are steadily pouring in Hyderabad in the form of commercial ventures and global business companies. This has increased the real estate potential in Hyderabad to a greater extent. However, the growth and the development is restricted to the city owing to the infrastructural progress within the city limits that does not connect the neighbouring towns of Hyderabad. This lack of connectivity has made the Government realize that there could be certain problems in the future that might affect the socio-economic growth of Hyderabad. Continue reading
Municipal and IT Minister KT Rama Rao said that the state government would expand IT to Tier II cities. He said the foundation stone will be laid at the IT hub at Kompally in Medchal-Malkajgiri district soon apart from the inauguration of IT tower in Khammam on December 7. Continue reading