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FLAT MAINTENANCE CHARGES
Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...- Is this ₹30,000 Bengaluru 2 BHK real? Viral apartment tour with luxury amenities leaves internet in disbelief, watch videoA video tour of a spacious 2 BHK apartment in East Bengaluru has gone viral. The resident showcases a bright home with a well-designed kitc...
- Uttar Pradesh RERA cautions against panic buying of homes, says sufficient inventory available for saleUttar Pradesh real estate regulator RERA reveals over 1.15 lakh housing and commercial units are available for sale across the state. Buyer...
- Forget rising fuel costs, Delhi-NCR apartment residents may soon face higher maintenance billsHousing societies across NCR are reassessing maintenance charges after revised minimum wages significantly increased manpower costs for sec...
- Homeowner having possession must pay maintenance charges even if builder did not give OC, independent water connection and sewerage facilities, rules HP RERAHomeowners in possession must pay maintenance charges even without an Occupation Certificate or independent water and sewerage facilities. ...
- Forget fake invoices. The real risk is the assumptions made in the balance sheet to hide lossesMost accounting risks make noise. The biggest one on the Indian balance sheet doesn't. It hides inside growth assumptions, discount rates, ...
- From proud owner to regret after one year, Bengaluru flat buyer now feels the 'EMI noose' around his neck as he exposes the hidden cost of owning a property in India's Silicon ValleyA Bengaluru resident's Reddit post reveals the often-unspoken challenges of flat ownership, detailing stressful buying processes, unexpecte...
- Don’t wait till possession: 4 parking checks every homebuyer must do earlyHomebuyers often face parking disputes after taking possession of their homes. Experts advise checking parking space dimensions, legal term...
- The off-balance sheet trick didn’t die in 2019: How Indian managements still hide obligations from investorsThis is one of the most judgement-heavy corners of an Indian balance sheet and one of the easiest to stretch. This part of the series is ab...
- Rs 1.3 lakh income, Rs 1.2 crore house: 29-year-old techie debates buying vs renting amid EMI trap fears and layoffsA 29-year-old tech professional earning ₹1.3 lakh a month has sparked an online discussion after sharing his confusion over buying a ₹1.2 c...
- Owning bigger apartment means higher maintenance payment? Here's what Bombay High Court saysBombay High Court ruled on apartment maintenance fees. Larger apartments will now pay a bigger share. This decision came after a legal chal...
- Is 18% GST levied on maintenance amount when housing society is managed by builder?GST on house maintenance is needed to be paid by those who are paying more than Rs 7,500 per month and the RWA's turnover is more than Rs 2...
- Pay GST on society maintenance if monthly charge is more than this and annual collection is above Rs 20 lakhGST: Every homeowner who is paying more than Rs 7,500 per month as house maintenance charges to the Resident Welfare Association (RWA), hou...
- Homebuyers oppose hike in maintenance fee during lockdownEros group, which runs a housing society by the name of Eros Sampoornam has issued notice of hiking maintenance charges from Rs 1.95 per sq...
- Flat maintenance charges of over Rs 7,500 to incur 18% GSTThe ministry clarified the ceiling of Rs 7,500 per month per member shall be applied separately for those who own two or more flats in a ho...
- 18% GST on flat owners paying monthly maintenance of over Rs 7,500As per the rules, RWAs are required to collect GST on monthly subscription/contribution charged from its members if such payment is more th...
- Flat maintenance charges shoot up to 18% post-GSTProperty manager Chandrasekar Kaliamurthy said the maintenance charges of 15 apartment complexes on Rajiv Gandhi Salai have gone up in the ...
- GST means 2.5% more tax on a flat's maintenance chargeThe existing rate of 15.55% on maintenance charges will be replaced by 18% which will be applicable on housing societies having annual corp...
- Is your builder taking you for a ride over maintenance charges? Here's helpMaintenance charges are not mentioned in the allotment letter and the builder indicates a range if asked by the buyer during initial stages...
- Are you paying a higher maintenance bill for housing society?According to legal experts, housing societies cannot have by-laws prohibiting residents from keeping pets or charge them extra for it.
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