FUNCTIONS OF “REAL ESTATE AGENTS” UNDER MAHARERA ACT

not facilitate the sale or purchase of any plot, apartment or building, as the case may be, in a real estate project or part of it, being sold by the promoter in any planning area, which is not registered with the Authority maintain and preserve such books of account, records and documents as may prescribed not involve himself in any unfair trade practices, namely: — (A) the practice of making any statement, whether orally or in writing or by visible representation which————————————————— (B) permitting the publication of any advertisement whether in        any newspaper or otherwise of services that are not …

Continue Reading

MAHARASHTRA GOVERNMENT REDUCES STAMP DUTY 2%TO BOOST REAL ESTATE SECTOR.

MAHARASHTRA STAMP ACT The Government of Maharashtra, being satisfied that it is necessary to do so in the public interest, hereby reduces the stamp duty by Two per cent. For the period starting from the 1st September 2020 and ending on 31st December 2020 and one and half per cent. For the period starting from 1st January 2021 and ending on 31st March 2021. Top 5 Pre-Launching Project In Pune West Market:- Supreme Estia Baner :-https://bit.ly/2LHF136 ANP Atlantis Baner :-https://bit.ly/2Th1qIQ Park Astra Park District Hinjewadi :-https://bit.ly/30rya6j The Central Park Chinchwad :-https://bit.ly/2Dc9mGM Mantra Monarch :-https://bit.ly/30ypGKR Top 5 Real Estate Brokers in …

Continue Reading

“REAL ESTATE TAXES IN MAHARASHTRA”

GST: – GST (Good & Service Tax) on property in Maharashtra Under GST, a single tax rate of 12% is applicable on properties under construction while GST is not applicable on completed or ready to sale properties which was the case in previous law. Current GST Rates In Maharashtra:- GST rate on real estate With the intent to simulate demand amid a prolonged slowdown, the government has reduced the GST rate on property transactions significantly. This could potentially lower the buyers’ pay-out by 4%-6% on the overall purchase, believe experts.While the new tax rate without input tax credit (ITC) will apply on all new projects, builders were …

Continue Reading