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2020 Winter DIY Home Decor Tips to Stay Warm in Cold Weathers
Real Estate
21 Jan 2020 | 30 Views
2020 Winter DIY Home Decor Tips to Stay Warm in Cold Weathers
Winter season spans over four months, begins from the month of November and continues till February in most places of India. Compared to high winter temperatures in coastal cities such as Himachal Pradesh, Jammu, and Kashmir, the winter season in Hyderabad is characterized by seasonal cold weather, which gets heavy sometimes. As the cold weather starts to arrive, it is significant to know the damage winter can do to your home. Would you like to learn some winter home decor tips to get your apartment ready?  With a well-heated house, you can save money and keep your home warm and comfortable during the cold months. To do this through some DIY ideas, today, let's focus on what you should do to keep the house warm, so as not to let the temperature go down while the heating is not on and without forgetting something as important for health as home ventilation. Its time, with some great winter tips, to prepare the house or apartment for the cold. Below DIY for home ideas, helps to keep the environment warm in your apartment or house in Hyderabad and thus be able to save on heating during this winter. Caulk Windows and Doors Windows and doors in the home may cause heat loss in your home during this winter season. To keep your house warm, ensure a tight seal around interior trim. As a result, warm air stays in your home. Don’t forget to check your external caulk as well and fix any gaps before the snow flies. On the other hand, we recommend that you can install opaque curtains, and that helps you insulate the interior from the outside. Remember to raise the blinds during daylight hours and lower them at sunset, and this will make the house warm during the day and not lose temperature during the night. Cover Floor with Large Carpets Another element that will help you a lot to keep the heat at your flat in Hyderabad is the carpets. The feeling of cold depends on the type of floor you have, especially when it is ceramic tile or natural stone because these materials are conducive to heat loss across the floor, which gives the feet a feeling of cold. Covering large areas of the floor with carpets will help you to fight these heat losses and give a great sense of comfort. Areas such as the sofa, the bed, or the dining tables are ideal for this, especially in coastal areas, where, although the cold is not excessive, the humidity will be a great inconvenience.  Radiator Reflectors Here is a simple trick to make the most of the heat that your boiler produces. By placing a reflective fabric between the radiators and the wall, you will reflect the heat that is lost in the walls. Different kinds of reflectors can be found on all large DIY surfaces, especially at this time. They are all designed for this purpose. Be sure your radiators are properly bled to remove any inefficient air gaps, which may be preventing your radiators from working to optimum capacity and will keep your house warm. Seal the Fire Place While a fireplace is a heat source for many people, it can also be an enormous heat loss source. High heat can escape, especially when not in use, via the chimney. In reality, it may even in some cases be equal to a big wide-open window throughout the winter, if a flue is left open, in part. You can stop this by making sure the flue is securely closed when the fireplace is not in use. To maintain drafts, consider adding heat-resistant glass doors to your fireplace front. And if your living room with fireplace is not used or is not working, seal the chimney completely even flue by installing insulation above and below the flue opening. Fix Programmable Thermostat In winter, money-saving home tips come on top of the list. You can save 10% to 20 % on energy charges by simply installing a programmable thermostat. Programmable thermostats allow you to maintain temperatures lower if you sleep or stay away from home. Having the heat to a minimum when you don’t need it helps you will save a lot. Some models permit repetitive programming for up to 7 days. This seven-day cycle helps a family to plan needs for the week and on the weekends. The majority of programmable thermostats will easily be installed by simply removing and connecting the wires from the old unit. Light Colors A simple and effective DIY room decor ideas to save some light is to paint and decorate the different rooms of the apartment in Hyderabad with light colors. By reflecting more light, the light colors make you turn on the lights somewhat later, which may make an important difference in annual light use. You can use white, gold, or any other light-colored matched slipcover for your sofa and dinner tableware. You may need more frequent washings, but the light is eliminated from your table, making the space more luminous. Smart home technologies and services, such as a smart thermostat, can help you incorporate winter maintenance in daily routine, allow you to reduce energy savings, and also keep your home comfortable. Winterizing will help you enjoy indoor activities, recognizing that your living space has been covered through the season and helping to maintain your entire home and its durability. Do you want to purchase spacious apartments in Hyderabad to lead a decent lifestyle? As a pioneer in real estate data directory creation, help, you know about newly built properties for sale in Hyderabad with exceptional facilities. Visit us to select the best home on your budget and lead a happy life. 2020 Winter DIY Home Decor Tips to Stay Warm in Cold Weathers Click To Tweet By: Shailaja K

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31 Dec 2019 | 98 Views
Drainage work progress at HMT Colony Road no - 9, Miyapur
Miyapur located at 22.5 km to the northwest of Hyderabad is a well-known area for its residential and commercial activities. It is in the vicinity of many prominent areas like Madinaguda, Hyder Nagar, Hafeezpet, Chanda Nagar, Bachupally and Nizampet, etc. Due to its proximity to Gachibowli and Hi Tech's IT hubs, it top’s the list of many working professionals to make this area their permanent address. Drainage Work in Progress at HMT Colony Although the area is well-developed, it is expected to increase furthermore for its metro-connectivity and upcoming infrastructural developments. At present with its affordable property rates, Miyapur has displayed as one of the several solicited realty locations. Since the area observes a huge footfall, for the health concerns of the people, drainage work is in progress at the HMT colony at road no 9 in Miyapur. This upgrade is expected to enhance a safe environment and protect the constructions from seepage reducing the stagnated water. Affordable Apartments for Sale in Miyapur Miyapur area has well-built apartments that are available in 2,3 & 4 BHK configuration and have around 2033 flats for sale. Several prominent builders are building gated community apartments for sale in Miyapur with luxurious and modern facilities. One can easily find east, west, south, and north facings flats with sizes ranging from 905 to 3152 square feet. Many apartments in Miyapur are built with 100% Vaastu compliance and provide modern amenities such as an elevator, pool, 24/7 security, spacious parking lots, gym, clubhouse, intercom phones, green landscaping, etc. Do you want to know about the latest apartments for sale in Miyapur? Browse, India’s first-ever property directory that has all accurate information on all the latest apartments for sale in Hyderabad. It's a one-stop destination portal that assists homebuyers at every step in their home quest. By Govi

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IGRS Telangana Property Registration Charges & Stamp Duty in Hyderabad
Real Estate
30 May 2018 | 96,984 Views
IGRS Telangana: Stamp Duty & Property Registration Charges in Hyderabad
In today’s world to purchase a house, we need to consider a lot of factors as the cost of the property, type of the house, location, and many more. But, even if you found your dream home before shortlisting the property, there is also one crucial factor to consider, and that is stamp duty and land registration charges. Gratefully Telangana government has launched the IGRS Telangana portal to guarantee transparency and liability in land transactions.  What IGRS Telangana? Integrated Grievance Redressal System (IGRS) is an official online portal created by Telangana state government for registration and stamp duty process. IGRS Telangana is an initiative that is beneficial for both government and citizens. The IGRS Telangana website facilitates various features like people can know the latest market value, search for Encumbrance Certificate (EC), e-Stamp services, and many more. They can also get their marriage and property registrations. One can also share their feedback and complaints related to the registration & Stamp Department of Telangana. Why are the Stamp Duty & Property Registration Charges are Important? The property is transferred from one person to another legally only when it is registered at the Sub-Registrar Office by paying stamp duty and registration charges. Until the property completes the entire registration charges, it will be incomplete and will be unlegalized. Without stamp duty and property registration, you will not possess the right to secure your property from any frauds. For everyone, to ensure their property belongs to them, they need to register their property with the respective state government and follow their guidelines For example, if you want to buy an apartment in Hyderabad for Rs 1 cr from Mr X. You pay the transaction value to Mr X, and then he executes a sale deed. Then, you must register the sale deed by paying charges of stamps and registration in Telangana Sub-Registrar’s Office. Once you pay the stamp duty and Telangana land/property registration charges through the IGRS TS website, the transaction is recorded in the Sub-Registrar Office, and you will become the legal owner of the property. You need Encumbrance Certificate EC when you want to buy an independent house in Hyderabad by applying for a loan or sell a home. Click here to know the procedure to obtain IGRS Telangana EC (Encumbrance Certificate). What is Stamp Duty? Stamp Duty is collected whenever there is a transfer of assets or property from one person to another. The particular state government manages and governs the entire process under the Indian Stamp Act 1899. As the state government collects it, the stamp duty charges vary from one state to another. In Hyderabad, the stamp duty includes stamp duty, registration charge/fee plus transfer duty and is hence calculated as per IGRS Telangana market value of the property. How to Calculate Stamp Duty and Telangana Land Registration Charges? Stamp duty is the rate based on individual states, as they levy a certain percentage on the total value of a property. Stamp duty charges also differ based on the nature of the property like residential or commercial and type of area like rural or urban. For example, Stamp Duty = (individual state % of Ready Reckoner Rate or Actual Transaction Value) the higher rate is considered. To pay stamp duty charges, one can choose from e-stamping, non-judicial stamp paper, or franking method( any authorised banks or agencies). After the payment of stamp duty, the document further moves to the registration process. Telangana land Registration charges are measured as the (individual state registration % of Ready Reckoner Rate or Actual Transaction Value) the higher rate is considered. How to calculate Land / Flat Registration Charges in Hyderabad, Telangana? The land/flat charges for Telangana registration are calculated as 0.5% of the property value on IGRS TS. The property value is considered as the higher of Ready Reckoner Rate or Actual Transaction Value. Ready Reckoner Rate is the minimum value of the property that is fixed by the state government. For example, if the Ready Reckoner Rate is Rs 1 Cr and the Actual Transaction Value is Rs 1.5 Cr. The registration charge will be 0.5% of (Higher of Rs 1 cr or Rs 1.5 cr) = 0.005 * 1.5 cr = Rs 75,000. Telangana Registration charges are different for various sectors. They are segregated as Corporations and Municipalities, sale agreement and GPA, sale agreement with possession. Why do You Have to Pay Stamp Duty? Stamp duty is levied by the government while selling the property. The individual states impose it as per their particular laws. The rates of stamp duty vary from state to state. It contains the principal document which as the ownership details like the name of the landlord which ensures you that you are purchasing the property from the rightful owner. It is mandatory to register the sale or transfer of property, and at the time of recording the transfer, you must pay the stamp duty and registration charges on IGRS TS. The stamp duty paid for Telangana Registration through online portal generates a legal document that proves that you are the owner of the property and is accepted as evidence in case of property disputes. Also, in case you lose the original sale deed or transfer deed, you can get a duplicate transfer deed from the Sub-Registrar’s office that shows that you are the owner of the property. When to Pay Stamp Duty and Property Registration Charges in Hyderabad You must pay stamp duty and registration charges at the time of execution of a transfer agreement such as sale deed between two parties. As the process will be most likely the same for all states, but the percentages and charges will differ from state to state. You can also pay the registration charges through IGRS TS e-challan / e- STAMPS (For Document Registration only). Some deed details in Telangana of transfer agreements (mainly concerning a property) that require payment of stamp duty and registration charges are as follows: Sale Deed Gift Deed Exchange Deed Partition Deed Lease Deed where the period of lease is more than 12 months Transfer Deed/ Right Transfer Document Mortgage Deed Power of Attorney (General or Special) Know-How to Calculate Property Registration and Stamp Duty charges in Hyderabad The stamp duty varies from one state to another state and can be estimated by using a stamp duty calculator to determine the stamp duty and Telangana registration charges. Apart from corporation and municipalities, for other places, the same rates are applicable for apartments. In the case of the sale agreement and GPA, a stamp duty of 5% of the property value is levied with no transfer duty. But, if the sale agreement is with possession, then a stamp duty of 4% of the total value of the property is imposed along with a registration charge of 0.5%. The benchmark is kept at a maximum of Rs 20,000/- and at a minimum of Rs 1000/-. The same is applicable, even if it is without possession. To calculate the stamp duty and registration charges manually, you can use the formula given below: For Corporations and Municipalities, Stamp Duty is 4% of property value, Where property value is (Higher of Ready Reckoner Rate or Actual Transaction Value) Ready Reckoner Rate is the minimum value of the property that is fixed by the state government. And, stamp duty is calculated as the higher of ready reckoner rate or actual transaction value. Registration Charges is 0.5% of the property value. And, the transfer duty is 1.5% of the property value. Let’s look at some examples below: Case 1: If the  Ready Reckoner Rate is Rs 1 cr and the Actual Transaction Value is Rs 1.5 cr, then stamp duty @4% is calculated as Stamp Duty = 4% of (Higher of  Ready Reckoner Rate or Actual Transaction Value) i.e. 4% of (Higher of Rs 1 cr or Rs 1.5 cr) = 0.04 * 1.5 cr = Rs 6 lakhs Registration charge @0.5% of (Higher of  Ready Reckoner Rate or Actual Transaction Value) i.e. 0.5% of (Higher of Rs 1 cr or Rs 1.5 cr) =0.005 * 1.5 cr = Rs 75,000 Transfer duty @1.5% of (Higher of  Ready Reckoner Rate or Actual Transaction Value) i.e. 1.5% of (Higher of Rs 1 cr or Rs 1.5 cr) =0.015 * 1.5 cr = Rs 2,25,000 Therefore the total amount that the buyer needs to pay = Actual Transaction Value = Rs 1.5 cr Stamp Duty = Rs 6 lakhs Registration Charge = Rs 75,000 Transfer Duty = Rs 2,25,000 Total Amount Payable = 1.5 cr + 6 lakhs + 75000 + 2,25,000 = Rs 1.59 cr Case 2: If the Ready Reckoner Rate is Rs 1 cr and the Actual Transaction Value is Rs 70 lakhs, then stamp duty @4% is calculated as Stamp Duty = 4% of (Higher of Ready Reckoner Rate or Actual Transaction Value) i.e. 4% (Higher of Rs 1 cr or Rs 70 lakhs) = 0.04 * 1 cr = Rs 4 lakhs Registration charge @0.5% of (Higher of  Ready Reckoner Rate or Actual Transaction Value) i.e. 0.5% of (Higher of Rs 1 cr or Rs 70 lakhs) =0.005 * 1 cr = Rs 50,000 Transfer duty @1.5% of (Higher of  Ready Reckoner Rate or Actual Transaction Value) i.e. 1.5% of (Higher of Rs 1 cr or Rs 70 lakhs) =0.015 * 1 cr = Rs 1,50,000 Therefore the total amount that the buyer needs to pay = Actual Transaction Value = Rs 1 cr Stamp Duty = Rs 4 lakhs Registration Charges = Rs 50,000 Transfer Duty = Rs 1,50,000 Total Amount Payable = 1.5 cr + 4 lakhs + 50,000 + 1,50,000 = Rs 1.56 cr. Important Factors that Influence the Calculation of Stamp Duty Charges in Hyderabad Stamp duty for IGRS Telangana varies based on the following factors: Location of the property:  Stamp duty charges differ for various locations. A property located in an urban area attracts more stamp duty compared to one found in a rural area. There is also a different charged levied when a property is located in a semi-urban area. Type of property: Lower stamp duty is charged for a residential property (flat/apartment/independent houses) compared to a commercial property(industries/ commercial complex/ hotels). For this reason, as when compared to residential properties, commercial properties require more facilities. Amenities: Nowadays a lot of houses are being built with ultra-modern amenities. The same is also considered while imposing stamp duty charges. A home with more new-aged amenities like swimming pool, gym, clubhouse,  sports facilities, etc. is most likely to get charged higher when compared with a property that has fewer amenities. Age of the property: Stamp duty is applied to the total value of the property. It is done by considering certain factors like the age of the property, i.e. from the time of the built date. The duration of the property plays a significant role in defining the amount to be paid for the stamp duty. A new property attracts more stamp duty than an older property. Gender of the buyer: Many states apply like 2% extra stamp duty for male buyers to encourage female buyers, A female buyer gets an allowance on the stamp duty and is charged usually lesser stamp duty amount comparatively. Age of the buyer: We see that in a lot of cases, older citizens get more benefits comparatively. The same is applicable when it comes to stamp duty charges. Many states, while charging stamp duty, consider the age of the buyer. Senior citizen gets a rebate on the stamp duty as per the specific state laws. People buy land for industrial and commercial uses as well as for investment purposes. But a lot of illegal land pooling activities are happening and it has become a necessity to legalise your land to claim it yours own. To help people deal with fake land cases, IGRS Telangana also educates people to minimize their future events. Browse PropertyAdviser for more details and find the latest news and articles related to Hyderabad’s real estate sector. IGRS Telangana: Stamp Duty & Property Registration Charges in Hyderabad Click To Tweet By: Lotus Tech  & Govi

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Real Estate
11 Dec 2019 | 1,285 Views
Expectations of Union Budget 2020-21 for Real estate Sector
The 2019-20 union budget has reported mixed responses from the real estate market in India, lauding measures for affordable housing and infrastructure, as well as the development of rental housing. However, builders and developers are skeptical, that the budget has not addressed the long-term expectations for the industry in terms of status, single window clearance and reforms in the Goods and Services Tax (GST) and have clinched their expectations for union budget 2020-2021 date that is on February 1st, 2020. The Indian real estate sector has its purpose of welcoming the fact that the Finance Minister has announced a range of budget benefits both for builders and homebuyers. These measures are expected to boost the housing industry and provide homebuyers with plenty of investment opportunities. Although union budget 2019 has its highlights for the real estate, it was not able to address the most pressing concerns of the sector, like an increase in sufficient numbers of consumers and investors returning to the market, excluding affordable housing. Glitches of Budget 2019 & Expectations of Budget 2020 for Real estate Sector Tax Benefits for First Time Middle-Class Buyers Finance Minister Nirmala Sitharaman, during her first maiden budget, has announced an increase of Rs 3.5 lakh tax deduction cap on the interest paid on home loans approved for the acquisition of the first home purchase up to Rs 45 Lakh in the financial year. It was proposed allowing an additional deduction of up to Rs 1.5 lakh of interest paid on loans leased up to 31 March 2020 in the purchase of an affordable house of up to Rs 45 lakh, noting that interest payable on housing loans was currently permitted as an allowance of Rs 2 lakh. However, some players in the industry have criticized Rs 45-Lakh on the value of affordable taxable houses. Although the sector appreciates the focus on affordable housing and PMAY, the government has at the same time missed the main segment of first-time middle-class buyers who expected a lot from the budget 2019-2020 before they purchased the first house. This has created a considerable ignorance gap for the middle-class housing segment and hence have piped up the expectations for budget 2020 date for real estate. Never-Ending Single-Window Clearance and Industry Status Issue Budget 2019-2020 ignored some significant issues, including real estate industry status and single-window clearance. Developers and buyers had certain expectations that these issues, when taken into consideration, would have made a significant difference in the Housing for All' by 2022. Although the state accorded the industry status for affordable housing in 2017, builders and developers agree that it should apply to the industry as a whole.  Experts say that without the classification of the industry, the use of legal funds by banks and other financial institutions has been problematic for the real estate industry. Single window project clearance is another long-standing request that is considered to be addressed in the budget 2020-2021. Since the developers already need to obtain multiple permits and approvals, with a lack of single-window clearance, it may take 18 to 36 months before any project starts. ITC & REITs Needs an Extra Boost-Up Plans In the previous union budget 2019, the GST council streamlined the criteria on the use of Input Tax Credit (ITC) on under-construction properties. But the complete restoration of ITC was needed by the developers to recover from their ongoing financial pressure. It would have also helped to boost sales since the homebuyers can also share the benefits.  Real Estate Investment Trust (REITs) have already broken several benchmarks in the real estate sector, adding new dimensions. Not only did the cash market expanded, but the flow of institutional funds also increased rapidly. In addition to a few deficiencies, this investment tool needed much more incentives to encourage more investors. The government needs to announce encouraging movements as well as infrastructural developments that can attract further foreign investment in the sector and support the employment sector to strengthen it further. Attention Required for Infrastructural Development & Land Reforms There is no question about the government's priority on the construction of infrastructure. Still, its plan to spend 100 Lakh on infrastructure in the next five years will produce real economic benefits only if a more aggressive execution happens on the ground. Bottlenecks that hamper the growth of infrastructure in the past need to be rectified. The new lower 15 percent tax rate for businesses looking to set up new factories can only be enforced if the land acquisition process is simple and straightforward. Implementing a unique identity number or land UID is expected to increase transparency in the Indian land record system. Thus can boost the mechanism of clearance for real estate projects and can also draw more foreign investments for Indian real estate The Crux of the Matter for Loan Crisis According to Fitch Rating's, with some 10 billion dollars of developer’s loan coming to be paid back in the first half of 2020, the fallout could extend to mainstream banks which have borrowed money from the shadow lenders or invested in their bonds. Things have now reached a critical stage, however, because a credit crisis affected shadow banks, both builders and home buyers, as significant borrowers. Although 25 Crore stress funds have been allotted for stalled projects, they are much needed to be utilized to full potential without any delay relieve the situation. The recent decrease in the repo rate, in conjunction with Homebuyers, has further increased new hopes. Homebuyers can now exercise their confidence in raising the cost of higher EMI loans. The Government can announce more tax advantages in accordance with section 80C and can change the income tax sheet in the future budget announcements. This increases the number of prospective homebuyers, as it increases their purchasing trust. Conclusion The real estate market in India is also expected to address the liquidity crisis faced by the government potentially. In September last year, the crisis appeared after a number of its commercial documents, which affected various segments, including the real estate industry, defaulted on significant IL&FS infrastructure loans. Taking all these into considerations, anticipations for union budget 2020-21 have been increasing among the real estate stakeholders. Want to stay updated with the latest real estate news and find all properties for sale in Hyderabad? Browse to put an end to your home quest and subscribe to our newsletter to get the daily digest of trending real estate news to your inbox. Expectations of Union Budget 2020-21 for Real estate Sector Click To Tweet By Govi