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07 May 2025
A GST-registered landlord is liable to pay 18% GST on commercial rental income if it exceeds 20 lac rupees per annum. The landlord can claim input tax credit (ITC) against GST paid if he meets the eligibility criteria and has maintained adequate documentation to substantiate his claim. GST is not applicable on properties leased out for charitable or religious purposes provided the rental charges are below a specific threshold.
07 May 2025
Plywood is a form of engineered wood that is manufactured by binding or fixing resin and wood fibre sheets together. Thin layers or plies; of wood veneer that are glued together with adjacent layers having their wood grain rotated up to 90 degrees to one another. Different tree species and glues are used to create different final products, and in all cases, they are finished with a bonding process that involves heat and pressure. Plywood has low moisture content, making it easy to use outdoors. It is also economic to procure, making it a popular material to use for interiors in India.
06 May 2025
Gypsum board, commonly known as drywall, prefers to a building material used for walls, ceilings and partition systems in residential and commercial units. It is a panel made of calcium sulphate dihydrate (gypsum), typically extruded between thick sheets of facer and backer paper. Gypsum boards are light weight, fire resistant, economic, offer sound insulation and can be used to create a monolithic surface for interiors.
05 May 2025
A facade refers to the front or exteriors of a building. A facade can serve many purposes such as adding to the aesthetics of the property, establishing a theme, protecting or supporting the building structure, and conserving energy.
02 May 2025
This refers to the mechanical, electrical and plumbing services in the design and construction of the building. Builders enlist firms specialising in MEP services for the construction of their building.
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01 May 2025
Configuration refers to the arrangements of different elements in a particular form or combination. In real estate, configuration refers to the arrangement of different rooms in a single unit (flat).
30 Apr 2025
A Completion Certificate (CC) is given to a project when it has been developed according to the sanctioned plans and has met all other building standards as prescribed by the local governing authority. In Maharashtra, in order to procure a CC, the builder's architect must submit a formal letter stating that the construction has been completed according to the standards set forth in the IOD and CC. A completion certificate (CC) can be procured for a particular building (BCC) and for a project as a whole.
29 Apr 2025
An Occupancy Certificate (OC) is a document that certifies that a building has been constructed and developed as per the approved plans and complies with all the necessary safety norms and regulations. The certificate is issued by the local municipal authority after construction is completed, and serves as proof that the building is ready for occupancy. It is illegal to occupy a flat in a building which has not received an Occupancy Certificate.
28 Apr 2025
This is a certificate issued by the local municipal authority permitting the developer to begin construction of the project. The CC is usually granted only after the building has met with all legal requirements and obtained the relevant sanctions for the building's plan.
25 Apr 2025
According to the RERA Act 2016, any person or entity that constructs or converts a building into apartments, develops land for sale, sells residential apartments or plots shall be considered the promoter of a project. If more than one entity or individual is responsible for development, both shall be held jointly liable to fulfil the functions and responsibilities as specified under the Act and the rules and regulations made thereunder.
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