A Game-Changing Supreme Court Ruling: No Trade Licenses for Unauthorized Buildings
The Supreme Court’s recent ruling on unauthorized construction is a major step toward improving urban planning in India. The Court has ruled that businesses in unauthorized buildings—residential or commercial—will not be granted trade licenses, ensuring that illegal structures cannot operate unchecked. RERA and Beyond: Strengthening Urban Development This decision follows closely after the introduction of […]
Landmark Decision: Balancing Tenant and Landlord Rights
The Allahabad High Court has recently delivered a crucial ruling that every landlord and tenant should be aware of. This decision reinforces that tenants are expected to vacate properties when landlords require them for bonafide personal use. This underscores the importance of landlords’ rights while ensuring that tenants’ obligations are clearly defined. Key Points from […]
Understanding Betterment Charges in Bangalore: What Property Owners Need to Know
Bangalore, known for its rapid urbanization and development, has seen a significant surge in real estate activities over the years. One crucial aspect that property owners and buyers need to understand is the concept of betterment charges. These charges are levied by the local municipal authorities to fund infrastructure improvements and urban development projects. In […]
Bengaluru Offers One-Time Settlement Scheme for Property Tax Evaders
In a significant move to alleviate the burden on property tax defaulters in Bengaluru, the Karnataka government has directed the Bruhat Bengaluru Mahanagara Palike (BBMP) to implement a ‘one-time settlement’ (OTS) scheme. This initiative aims to streamline the collection of outstanding property taxes while providing defaulters with an opportunity to settle their dues with reduced […]
E-Khata Conversion in Bangalore 2025: A-Khata to E-Khata
E-Khata Conversion in Bangalore: What to Do If You Have A-Khata Or No Khata at All If you own property in Bangalore, here’s something critical: without an E-Khata, your property may not be fully recognized in BBMP’s digital system. For those considering e-khata conversion in Bangalore, it’s crucial to ensure everything is updated. And in […]
A Comprehensive Guide to Rental Tax and Its Benefits for Property Owners
Rental income is a significant revenue stream for many property owners in India. Whether you’re leasing out a residential flat, a commercial space, or even a piece of industrial property, the income you generate is subject to taxation. Understanding how rental tax works, the applicable sections, and the available deductions can help you manage your […]
Comprehensive Guide to HRA: Calculation Methods, Tax Exemptions, and Guidelines for Salaried Employees
House Rent Allowance (HRA) is an integral component of a salaried individual’s income. Understanding how to calculate HRA can lead to significant tax savings, making it essential for taxpayers to grasp the nuances of HRA deductions and their implications. What is HRA? House Rent Allowance, commonly known as HRA, is a part of the salary […]
10 Essential Questions to Ask Before Choosing a Real Estate Agent
Finding the right real estate agent can make all the difference in your home-buying journey. Whether you’re a first-time buyer, a veteran, or simply seeking a new place, you deserve an agent who understands your needs, knows the market, and is committed to guiding you every step of the way. Here are ten essential questions […]
Supreme Court Empowers Homebuyers: No More Unfair Agreements!
In a major victory for homebuyers, the Supreme Court has ruled that consumer courts can step in to protect buyers from one-sided builder agreements, ensuring fairness under the Consumer Protection Act, 2019. The case involved a real estate developer and homebuyers who booked an apartment in 2014. The contract stated that if the buyer canceled, […]
The Rise of Rentvesting in the Indian Real Estate Market
As the Indian real estate market continues to evolve, a new trend known as “rentvesting” is gaining popularity among savvy investors. Rentvesting, a term that combines “renting” and “investing,” is a strategy where individuals rent a property to live in while simultaneously investing in real estate elsewhere. This approach offers a unique blend of flexibility, […]