Q:
Lanco is asking me to pay TDS- 1% of the total payment done to the company by me, the payment is to be done to Lanco against the PAN card of Lanco, Who is supposed to pay this? Buyer or builder?
Link for referrence.
http://moneyplantconsulting.net/blog/2014/06/16/pay-1-tax-tds-if-you-are-buying-a-property-worth-rs-50-lakhs-or-more/
My replies to this discussion
The responsibility to deduct TDS on Property Sale rests solely with the Buyer even if it is financed by Home Loan or property is purchased from the builder. In some cases, Bank can deduct TDS on property from disbursement and help in depositing TDS on buyers behalf but they are not obliged to do so. You have to give written request to Bank for the same.The responsibility to deduct TDS on Property Sale rests solely with the Buyer even if it is financed by Home Loan or property is purchased from the builder. In some cases, Bank can deduct TDS on property from disbursement and help in depositing TDS on buyers behalf but they are not obliged to do so. You have to give written request to Bank for the same.
Q:
Mahindra Lifespaces and Developers offer an elegant apartments and duplex houses at Mahindra Aqualily at GST Road. This project supplies 3 BHK spacious apartments and 4 BHK duplex houses. This project offers ample modern amenities and feels the unparalleled elegance and supreme luxury.
Mahindra Aqualily Court Project has:
Type of Apartment: 3 BHK apartments and 4 BHK Duplex Houses
Sizes: 1395 to 1467 sq. ft.
Price: Starts at 57.42 lacs onwards
Possession Date: 30 Sep 2015
My replies to this discussion
When is the phase 2 launching?When is the phase 2 launching?
Q:
I am looking for a 2 or 3BHK apartments. Please suggest a good residential location in Gurgaon.
My replies to this discussion
Hi Ankit,
What is your budget that you are looking at? That would help to narrow down some attractive 2BHK - 3BHK options for you.Hi Ankit,
What is your budget that you are looking at? That would help to narrow down some attractive 2BHK - 3BHK options for you.
Q:
Hello People, I am Arun. I would like to buy a flat for my family in Chennai. I aware that recently Chennai was affected in heavy flooding. Many areas were affected. Now I need a suggestion where shall I buy a flat in safe area here. It would be nice if it is well connected with transports and educational institutions.
Your suggestions re greatly appreciated! Thanks in advance
Q:
Is it is good for me to wait till finance budget by having thought that after budget prices will get down?
Q:
Maharashtra Government has simplified the procedure to convert farmland into non-agriculture land for plots covered under Developments plan in urban areas.
My replies to this discussion
As Ajit has mentioned, land owners will have to seek the permission of the municipal body for their non-agricultural plans. Once the municipal corporation or municipal council gives the go-ahead, the owner just needs to intimate the collector in 30 days. No permission from the collector is required. Revenue officials will then recover a one-time land conversion tax and a non-agriculture cess. This process will apply to those who are direct owners of the land. For those who have leased land from the government, the collector's permission is still required, though the conversion procedure has been made simpler for them as wellAs Ajit has mentioned, land owners will have to seek the permission of the municipal body for their non-agricultural plans. Once the municipal corporation or municipal council gives the go-ahead, the owner just needs to intimate the collector in 30 days. No permission from the collector is required. Revenue officials will then recover a one-time land conversion tax and a non-agriculture cess. This process will apply to those who are direct owners of the land. For those who have leased land from the government, the collector's permission is still required, though the conversion procedure has been made simpler for them as well
Q:
The Supreme Court has suggested that building activity can be stopped if builders failed to undertake minimum dust checking measures such as spraying water.
Q:
The questioning of Nirmal Singh Bhangoo, owner of Pearls group revealed details of these properties.
My replies to this discussion
Hi,
Since the CBI has detected the scam, will the investors in the group be receiving a compensation for their purchases?Hi,
Since the CBI has detected the scam, will the investors in the group be receiving a compensation for their purchases?
Q:
About 1.47 million residential units across 7 major cities in India are delayed by 14-30 months.
My replies to this discussion
One trend which I see frequently happening as a result of this is once the project gets delayed, the cost of the project sporadically goes up and more delay adds to the problems of the developers. When banks do not give loan for buying land, the developer resorts to raising the money through private money lenders and private equity. The private money lender then enters the picture offering loan at high interest rate.One trend which I see frequently happening as a result of this is once the project gets delayed, the cost of the project sporadically goes up and more delay adds to the problems of the developers. When banks do not give loan for buying land, the developer resorts to raising the money through private money lenders and private equity. The private money lender then enters the picture offering loan at high interest rate.
Q:
Developers are hoping that real estate sector will be granted infrastructure status to boost affordable housing in this year's Budget.
Q:
I believe that currently the Indian real estate market is at a stage where it can only rise. Home prices have come down by 15-20 per cent in the last one and a half years due to corrections, which combined with the reduction in home loan rates has helped improve sales in last few months. Over the year, incomes of working couples have also risen by 10-15 per cent, boosting home sales by genuine first time buyers, whereas reduced interest rates, cheaper EMI, price correction has encouraged the end-users to invest in real estate. Any other thoughts or views?
Q:
Hi, What is the stamp and VAT charges for under construction property in Hyderabad? where should we pay this amount?
Builder is asking this amount before the registration and he will be paying on behalf of me? I need to validate based on your inputs.
Can anyone share the details ASAP.
My replies to this discussion
Hi Shravan,
According to the current rates by the Telangana govt, stamp duty is set at 4%, transfer duty at 1.5% and registration fee at 0.5%. Stamp duty and TD are payable on MV or consideration whichever is higher.Hi Shravan,
According to the current rates by the Telangana govt, stamp duty is set at 4%, transfer duty at 1.5% and registration fee at 0.5%. Stamp duty and TD are payable on MV or consideration whichever is higher.
Q:
I want to take a 1bhk or 2bhk flat for rent in west minister asap. Higher floors preferred.
Pl let me know if anyone is interested in renting out.
My replies to this discussion
http://www.radiancerealty.in/ Radiance Realtyhttp://www.radiancerealty.in/ Radiance Realty
Q:
We are looking for flat in Hi-tech city can anyone Know new projects?i heard about svc,any one know?
My replies to this discussion
Spread across 9 acres, Mahindra Ashvita offers 2, 3 and 4 BHK apartments. Giving you the convenience of modern living with beauty of nature. I had visited the property for myself and honestly telling you that it is really a good option to consider.Spread across 9 acres, Mahindra Ashvita offers 2, 3 and 4 BHK apartments. Giving you the convenience of modern living with beauty of nature. I had visited the property for myself and honestly telling you that it is really a good option to consider.
Q:
Does anyone have any idea what is the trend in the Rental yields in Chennai?
