It is the era of digitization and there is no industry that can stay aloof from social and digital media. There has been a huge shift in the way brands communicate with their audiences. Indian Real Estate industry has also come a long way in the way it reaches out to potential buyers.
The real estate industry has undergone a lot of changes, both good and bad, in the past few years. While the sector has seen a lot of regularization and improved accountability, it has also been at an all-time low since 2012. The introduction of the Real Estate Act, GST, Relaxation of FDI regulations and launch of the smart cities plan, that should have had a positive impact on the industry failed to rescue the ailing industry.
Tenancy refers to the possession or occupancy of lands, buildings or other property by title through a lease or on payment of rent. The two types of tenancy agreements in India are:
- Lease Agreements which are covered by rent control laws and;
- Lease and License Agreement which are not covered by rent control laws
Arun Jaitley, the Finance Minister of India and the Chairman of Goods and Service Tax (GST) re-proposed GST – the indirect taxation system in the year 2016 under The Constitution (One Hundred and First Amendment) Act 2016. The idea was to bring in all the different kinds of taxes into a single taxation system. This is reckoned to be one of the most important tax reforms post-independence. The GST Council consisting of representatives from the centre as well as the states, after being constituted, met on several occasions to discuss various issues including dual control, GST laws, exemptions, thresholds, rate structure, compensation cess etc. and reached consensus on the same.
Your house is one of your biggest investments. It is essential that you take care of it, even when you are not residing there. When you let out your house on rent, the process to maintain it becomes more difficult.
Often enough, it takes people only about 7 seconds to come to a conclusion about anything or anyone. When you’re trying to sell or rent out your property, how do you use these 7 seconds to get them interested? When done in the right way, staging can help in highlighting the good and downplaying the bad about the house.