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What Did 2017 Mean For Real Estate Developers, BrokeThe year 2017 has been a roller-coaster ride for all the stakeholders of the real estate sector. After the Narendra Modi-led government announced demonetisation in November 2016, the industry was trying to recover from the setback it caused. However, introduction of new laws such as the Real Estate (Regulation & Development) Act, 2016, and the Goods and Services Tax further slowed the pace of property sales across the country. Even cheaper home loans did not encourage homebuyers to invest. However, in the end, all the newly introduced reforms did discipline the players in the sector with stringent rules and penalties for violations. Industry experts believe that 2018 would be a year that will witness sales picking up.
How False Ceilings Can Make Your Home Look Truly BeaA look at what a false ceiling is and what its advantages and disadvantages are.
Know Your Tax Benefits As A HomebuyerMakaanIQ talks about the tax benefits you can avail of on a home loan.
SC Asks Jaypee To Deposit Rs 600 Cr; Buyers Demand NOn July 4, the SC pronounced some relief to the ailing company and offered a concession. Jaypee will now have to pay Rs 600 crore to refund homebuyers post which the apex court has assured that it would ask the National Company Law Tribunal at Allahabad to expedite the case and decide on revival or restructuring.
All You Need To Know About 7/12 ExtractIf you are buying property in rural areas of Maharashtra, acquiring 7/12 document is mandatory. This two-part document talks about the ownership, the occupancy right, the liabilities and the details related to agricultural use of the land. The extract is maintained separately for every village. The 7/12 document is required for non-agricultural land as well. Now, landowners will be able to access the 7/12 document online on two government websites- Mahabhulekh and Aaple Sarkar. These extracts are available with digital signatures and can be used as official ownership document.