September 2022

REAL ESTATE FIRM ORDERED TO COMPENSATE CUSTOMER

Real estate company ordered to compensate Rs. 5.18 lakh to the customer. After hearing arguments, the Commission ruled that the opposing party must repay the consumer Rs. 5.18 lakh, pay Rs. 10,000 in damages, and pay Rs. 5,000 in court costs. Incredible India Projects Private Limited, a city-based realtor, has been ordered by the Hyderabad District Consumer Disputes Redressal Commission-I to compensate...

SEZ (SPECIAL ECONOMIC ZONE) AND ITS IMPORTANCE

A special economic zone (SEZ) is a region where trade and business regulations differ from those in the rest of the nation. SEZs are designated areas within a nation's borders with the objectives of improving trade balance, employment, attracting more investment, creating jobs, and having efficient administration. Financial measures are put in place to encourage businesses to locate in the zones....

WHAT IS FLOOR AREA RATIO/FLOOR SPACE INDEX

FAR (Floor Area Ratio) and FSI (Floor Space Index) are terms that you will come across in real estate transactions. The two words, which both refer to the same thing, often cause confusion among consumers because of the related complexity. To make it easier to understand, let's learn more about these two. WHAT IS FAR OR FSI? The maximum amount of floor space on which that can be built on a plot of...

HOW HOUSING CRISIS IN CHINA BENEFITS INDIA

The real estate market in China is currently experiencing one of the most troubling economic developments worldwide. Experts predict that India, notably its steelmakers, may benefit from the China real estate crisis. Despite the fact that it poses a threat to global trade. The fall of the Chinese real estate industry will also lower commodity prices, that will benefit all of India. This could be...

QUESTIONS TO ASK YOUR BUILDER BEFORE BUYING HOME

The real estate market is growing rapidly as more homes are now being built and the number of investors continues to rise. Real estate investment is one of the important decisions you'll ever make. It is also very overwhelming. Before making any decisions, there are a number of things that need to be done, such as selecting the best builder and assessing the property.  A Builder will ask you...

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