Carpet Area

In this episode of The Tenant, meet Chartered Accountant Satkar Jain, who traded glamour for convenience by renting a modest 2BHK in one of Mumbai’s most practical neighbourhoods. With a 600 sqft carpet area, a spacious kitchen, and a deeply personal connection to the community, Satkar shares why living near Jain temples, hosting frequent guests, and staying close to essentials outweighed fancy real estate upgrades. From renting during COVID-19 at ₹33,000/month to now paying ₹60,000, hear how the rental journey has evolved, and why he says this home—though humble—has been “lucky” for him. Watch till the end as he talks about the upcoming redevelopment, rental trends, and why convenience > glamour for city living.

Noida Authority order: Will registration of flats by carpet area benefit homebuyers?

 The directive should lower the cost of buying a new home but the state government must first issue a notification so that homebuyers can also get the benefit of lower stamp duty

Sale of property on the basis of super area to be treated as ‘fraudulent/unfair’ trade practice: HARERA

The regulations shall be applicable to all real estate projects, irrespective of the fact that they are registered/registerable or exempted from registration. Any sale of real estate project on any other basis except on carpet area basis after RERA coming into force shall be declared as null and void by HARERA

Here’s why infra status to affordable housing may not mean cheaper homes in the metros

Siddharth Chopra, a resident of Mumbai, was glued to the television news channels, during the live telecast of the Union Budget 2017-18. Like many, he was expecting a bonanza for middle-class affordable home buyers. &#82

RERA for Maharashtra – a mixed bag

The draft offers some positive factors for the buyers. However, there is a scope for improvement from the consumer‘s point of view.

5 mistakes to avoid, while buying a home

Making mistakes while buying a home, could result in irreparable losses. Home buyers, who are lured by offers, discounts and freebies, tend to forget their actual requirement and hence, make mistakes.   Mistake 1: R

When can service tax and VAT be levied on purchase of property

Service tax and VAT are applicable, only on properties that are booked at under-construction stages. So, both these taxes cannot be levied on properties that are purchased, after the builder has obtained its completion &#82

Real Estate Regulatory Bill - Sector Update

Two amendments to draft dilutes final bill - 1) lowering lock-in of customer advance from 70% to `70% & lower`, 2) removal of clause `Written Agreement in place before accepting > 10% advances`

Reaction to passing of Real Estate Regulator Bill

Though the Bill will turn out to be a boon for the property purchasers and the consumers, it has received a lot of criticism from developers for not being inclusive in its approach towards them.

Reaction on the real estate bill by Knight Frank India

Projects can`t be launched before all construction plans passed and approvals in place. Will this delay the project cycle further? And will this be practical keeping in mind that the biggest reason for delays in any project is getting plans approved.