Tag Archives: Stamp Duty

Stamp Duty Amnesty Scheme Imperfections Confuse Flat Owners

August 9, 2008 – 2:17 am

Mr. Ramesh Prabhu, Chairman of Maharashtra Societies Welfare Association said that Flat owners wanting to take benefit of Maharashtra Government’s stamp duty amnesty scheme.
The scheme, launched in June this year, says that flat owners have to pay stamp duty at the rate that was applicable when the property was bought until September 2008.
Circular issued in [...]

By Rajani | Posted in Property News | Also tagged , , , , , , , , , | Comments (15)

Inflation Affecting Real Estate Prices

August 7, 2008 – 1:22 am

With inflation touching 12.98%, realtors here are finding it difficult to hold their price line and plan to increase rates for residential units by Rs 100-500 per sq ft later this month.
According to Confederation of Real Estate Developer’s Associations of India (Credai) Bengal, there has been a 25% increase in the construction cost of residential [...]

By manish | Posted in Property News | Also tagged , , , , , , , , , , , , , , , | Comments (1)

Rules For NRI And PIO To Invest In India

July 8, 2008 – 12:46 am

Many NRIs and Persons of Indian Origin (PIO) want to invest in India, both commercial and residential properties. NRIs and PIOs also plan to buy such properties as an investment, and rent them out to earn a secure income stream.
This article talks about various rules and restrictions related to such purchases. It also clarifies the [...]

By manish | Posted in Property News | Also tagged , , , , , , , , , , , , , , | Comments (1)