Author: Neeraj Bhaker

Many homebuyers in Noida and Ghaziabad are unknowingly walking into legal and financial troubles by purchasing flats that are not registered. Builders in Uttar Pradesh have been handing over possession of flats without completing the mandatory registration process. This issue is now under investigation by the state government. What Happens Without Registration? When a builder hands over a flat without registering it, the buyer faces numerous issues. Registration gives you full ownership rights. Without it, builders retain control over key aspects of the property, including maintenance and utility charges. Builders often exploit this by: Government Cracks Down on Violations According…

Renters in India are facing a troubling scam, where landlords refuse to return the full security deposit after tenants vacate a property. While this issue has long been ignored, a recent viral tweet from Bengaluru entrepreneur Varun Maya brought it to light, triggering a flood of similar complaints from across the country. How the Scam Works The scam typically unfolds when tenants vacate a rented apartment. Landlords claim deductions from the security deposit, often citing unverified damages to the property. In many cases, tenants are left with only a fraction of their deposit, despite having left the apartment in good…

Property investments have always been a reliable way to build wealth, and in Uttar Pradesh, Gorakhpur has emerged as a prime hotspot for real estate enthusiasts. From its rapid infrastructure development to its rising property values, this city offers investors an excellent opportunity to maximize returns. Development Boost in CM City Gorakhpur, famously known as CM Yogi Adityanath’s hometown, has witnessed tremendous growth in recent years. Under his leadership, the city has become a focal point for development in Uttar Pradesh. Circle Rate Hike: What It Means for Investors For the past eight years, Gorakhpur’s circle rates—used to determine the…

In the bustling property market of Noida-Ghaziabad, a disturbing trend is putting homebuyers at risk. Many builders are handing over flats without completing the essential registration process. This shortcut, taken to avoid stamp duty, not only deprives the government of revenue but also impacts buyers who may face unexpected costs and legal complications down the line. Here’s what to know to protect yourself when buying property in this region. Why Registration Matters: Avoid Ownership and Maintenance Issues It’s crucial to understand that registration is more than just paperwork. Under the Uttar Pradesh Apartment Act and the Stamp Act of 1899,…

If you’ve been dreaming of owning property near the Noida Airport, here’s your chance! The Yamuna Expressway Industrial Development Authority (YEIDA) launched the Diwali Plot Scheme 2024 (RPS-08A) on October 31, 2024, providing a rare opportunity to purchase plots in Sector 24A, close to the fast-developing Noida Airport area. These plots are ideal for building homes and are expected to offer a blend of convenience, future growth potential, and attractive investment value. Key Details About the YEIDA Diwali Plot Scheme 2024 The scheme offers a total of 821 plots with different sizes and configurations to cater to various needs. Applications…

If you’re a property owner thinking of selling, now might be your best opportunity to make a profit. Property prices in cities like Delhi, Noida, Ghaziabad, and Faridabad are currently at record highs, making it a prime moment for sellers to cash in. With an increasing demand for real estate, changes in the market, and tax benefits, sellers have a unique opportunity to achieve favorable returns. Here’s a breakdown of why this market timing works in favor of property sellers. 1. High Property Prices Mean Higher Profits Property prices have surged across major cities, reaching their highest levels in years.…

Noida and Greater Noida, once known for affordable and mid-range housing, have evolved into premium real estate destinations in just five years. Driven by impressive infrastructure developments and a booming job market, property prices in these cities have surged by over 150%, establishing them as major players in the Delhi-NCR real estate market. According to recent reports from PropEquity, the property market in Noida and Greater Noida has transformed dramatically, with property prices reaching new heights. In Noida, the average price of newly launched housing projects rose from Rs.5,910 per sq. ft. in 2019 to nearly Rs.14,946 per sq. ft.…

The Noida and Greater Noida real estate markets, popular among home buyers for their wide range of housing projects, are now facing new challenges due to recent regulatory changes. The Noida-Greater Noida Authority has implemented a new rule requiring the registration of Builder-Buyer Agreements, which is expected to add a considerable financial burden on those looking to invest in these areas. What’s in the New Rule? Under the new rule, buyers will be required to register their Builder-Buyer Agreements with a non-refundable fee of 1% of the property cost. This fee, along with the existing 6% stamp duty, is becoming…

The Supreme Court of India has issued a landmark ruling restricting the government’s power to acquire private properties. This decision under Article 39(b) of the Indian Constitution mandates that any acquisition must have a clear, tangible benefit to the public and be transparently justified. Here’s a detailed look at what this judgment means for private property owners and the implications for future acquisitions by the state. What is Article 39(b) and How Does it Affect Private Property? Article 39(b) falls under the Directive Principles of State Policy, which encourages the State to ensure fair ownership and distribution of resources to…

In an exciting Diwali 2024 offer, the Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a residential plot scheme, presenting 821 plots in the sought-after Sector 24A, Greater Noida. Situated near the new Noida International Airport, these plots provide an excellent investment and homeownership opportunity, catering to those who wish to secure property in a rapidly growing area. Application Process and Key Dates Applications for the YEIDA plot scheme began on October 31, 2024, and will remain open until November 30, 2024. Interested applicants can easily apply online during this period. Once applications close, a lottery draw for plot allotment…