October 2021

nri residential property

Legalities of NRI Property Ownership In India

The Indian Real Estate sector is still holding on for NRI investors again. Due to legal interference, there remains a risk and uncertainty of real estate trading with NRI individuals. However, as per Indian laws, NRIs can invest and purchase the land or property both for residential and commercial purposes. Therefore buying NRI residential property in Kolkata, Mumbai, Bangalore, etc., is not difficult at...

Bengal Tenacy Act

Centre In Talks With West Bengal Government On New Tenancy Act

To make the rent laws seamless between the landlords and tenants, the central government has finally initiated the Model Tenancy Act (MTA) in 2021. The main aim of Pradhan Mantri Yojana is to build 20 million homes for poor people by the end of 2022. The central government has also sanctioned this MTA in different states aiming for a unified structure nationwide. However, the Bengal tenancy act is almost...

rera act

Bengal Takes First Step Towards RERA Implementation

According to the Government Of West Bengal, the new rule of real estate is notified under the SECTION OF 84 Real estate Act Of 2016. It is the first-ever step for the application of the RERA ACT in West Bengal. The Government is already happy with the rules. These rules are also known as the West Bengal Real Estate Rules of 2021. Moreover, the state government has announced from 27th July; these rules will...

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