Home Buyers: Know the top affordable localities in Kolkata

Buying property in Kolkata comes with many benefits. In fact, in recent times, many suburbs in Kolkata emerged as top localities where hundreds of new residential launches took place in the last 5 years. With infrastructural developments and Government initiatives, Kolkata has seen a huge upsurge in the residential real estate market majorly in the affordable housing one.

Top affordable localities Kolkata

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Also if we go by the latest data, most of the recent launches took place in this segment only. So, check out some top affordable localities to invest in Kolkata:

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Jewar Airport: UP Government releases first installment to start land acquisition process

To kick-start, the construction work of Jewar Airport, the Uttar Pradesh Government has recently released the first installment of Rs 250 crore to start the land acquisition process. The orders for the same have been issued by civil aviation secretary Surya Pal Gangwar on October 20.

jewar-airport

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As per the order issued by the state Govt, the funds have been released following the issuance of notification under Section 11 of the Land Acquisition Act. So, in accordance with the notification, the Govt has released 10% of the total projected value i.e. Rs 250 crores.

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Planning to buy property? Must know these 8 hidden Costs

The Festive season has marked its entry and developers are already wooing the home buyers by offering various freebies and attractive offers. Perhaps, this is the best season, when several homebuyers look to invest in property. However, there are certain things property buyers must know beforehand. One of the important factors among all is the hidden cost.

8 hidden Costs of property

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Check out top areas to buy ready to move in homes in Mumbai

With a mix of both luxury and affordable segment, Mumbai’s residential real estate market has always attracted homebuyers towards itself. In recent times, many launches took place in the suburban areas of the city. Still, Mumbaikars are more attracted towards ready-to-move-in properties rather than under-construction or the newly-launched one located across areas of Navi Mumbai, Thane, and other suburban areas.

buy ready to move in homes in Mumbai

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So, check out top areas to buy ready to move in homes in Mumbai and other suburban areas:

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Jewar Airport: Agency to study how to link it with Delhi/NCR

In a recent development, the Yamuna Expressway Industrial Development Authority (YEIDA) has invited bids for selecting a consultant that will study ways to connect the proposed Jewar Airport to Delhi and other important cities of NCR. The last date to submit applications is October 24, as told by YEIDA officials.

Jewar Airport Agency to study how to link it with Delhi NCR

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According to Shailendra Bhatia, an officer on special duty at YEIDA, the consultant applying should have an annual turnover of at least Rs 20 crore in the last three financial years and should be able to submit the report within four months.

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NICE Ring Road: An emerging commercial hub in Bangalore

Commonly known Nandi Infrastructure Corridor Enterprises Road or NICE Ring Road is a 4 to 6 lane private expressway that joins two major cities of Karnataka i.e. Bengaluru and Mysuru. The Ring road is also officially called as Bengaluru–Mysuru Infrastructure Corridor (BMIC) and is a combination of the Peripheral road (41 km), an Expressway (12 km) and a Link Road (9.1 km).

Bangalore-Mysore-road

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In the last few years, many infrastructural developments have improved the commercial realty market of this region with many MNCs and IT/ITes companies shifting their base here.

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Importance of Stamp Duty in Relation with Income Tax

A property seller and buyer both have to face the income tax implications if there is a difference between the property selling/buying value and the ready reckoner value of a property as this cost directly reflects on the stamp duty charges. Remember that ready reckoner rate commonly termed as RRR is a term defined for circle rate. In India, a person is required to pay the stamp duty charges to the Government at the time of buying a property. So, in this blog post, we help you know the importance of stamp duty in relevance with income tax.

Stamp Duty

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1. What is Stamp Duty?

Stamp duty is an indirect tax levied by the State Government on the property deal which includes buyer and the seller or even more parties within the state’s jurisdiction. Many Indian states also offer a rebate in the stamp duty charges for women home buyers like the national capital Delhi, its neighboring state Haryana and Rajasthan charge 1% or 2% less stamp duty in comparison to the male home buyers.

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Know 3 key facts before transferring home loan balance

In today’s flexible financial landscape, buying a dream home with the help of Home loan is not a difficult task with many options available with banks. But with increasing interest rates in the past few years, the borrowed amount becomes significantly large with each passing day. At such point of time, transferring the home loan from one bank to another that offers a lower interest rate proves to be fruitful.

Home Loan Transfer

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A Home Loan Balance Transfer helps an individual in reducing the burden of High EMIs by transferring the outstanding loan to other banks with the lower interest rate. A loan borrower can get additional top-up loans, and enjoy features such as Flexi Hybrid Home Loan, pre-payment facility, and nil foreclosure charges which vary from bank to bank.

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YEIDA announces scheme for sale of over 1000 plots near Jewar Airport

The Yamuna Expressway Industrial Development Authority (YEIDA) has announced the launch of a new scheme on October 9 under which they will be selling over 1000 plots near Jewar Airport. The plots will be available in various configuration and buyers will get the allotment after two years.

YEIDA announces scheme for sale of over 1000 plots near Jewar Airport

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As per the authority officials, interested buyers can apply online for the scheme from October 11, while the brochures will be available from October 15. The plots will range between 120 and 500 square meters and they will be located in sectors 18, 19, 20, 22A, 22C and 22D.

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Jewar airport: Land acquisition process expected to start by October-end

After receiving the consent of more than 70% farmers for the land acquisition of Jewar Airport, the Gautam Budh Nagar administration is now working on the proposal for the same of the proposed Jewar international airport project which will be prepared by this week. According to the authority officials, the UP government is expected to start the acquisition process by the end of October.

Jewar Airport

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A senior authority official has revealed that currently they are preparing the proposal for the acquisition and as per the procedure; the process will begin after UP chief minister Yogi Adityanath approves the social impact assessment (SIA) report.

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