West Bengal Housing Industry Regulation Act 2017 Is Unconstitutional, In Conflict With Central RERA: Supreme Court

On May 4, 2021May 4, 2021 By smc

The Supreme Court on May 4 struck down the West Bengal Housing Industry Regulation Act, 2017 (WBHIRA) as ‘unconstitutional’, saying it is in conflict with the Real Estate (Regulation and Development) Act, 2016 (RERA), a Central legislation already in place. The apex court said that the state of West Bengal […]

COVID-19 Gave A Jolt To High Street Retail, Rentals Also Fall Up To 17%

On May 3, 2021May 3, 2021 By smc

Rentals at some of the top high street retail shopping areas across the country such as Khan Market in Delhi, and Kala Ghoda, Bandra Linking Road, and Fort in Mumbai have taken a hit due to the COVID-19 pandemic, showed recent data by ANAROCK Research. According to the data, monthly rentals […]

Second Wave Puts A Lid On Home Sales, Project Launches

On May 3, 2021May 3, 2021 By smc

The recovery in home sales and project launches has sharply slowed down due to the second covid wave, as homebuyers stayed away from site visits and postponed transaction closures. In states such as Maharashtra, which has India’s most valuable property market, the Mumbai Metropolitan Region (MMR), the withdrawal of the […]

Know The Real Estate Transfer Procedure Of The Deceased

On May 3, 2021May 3, 2021 By smc

Given the high value of the real estate, the beneficiaries must secure the asset on the death of the legal owner. There is a legal procedure to get the property transferred in the name of the legal heirs or beneficiaries. Here’s how you can go about it. CHANGE OWNERSHIP If […]