The Mahatma Gandhi National Rural Employment Guarantee Scheme (Mahatma Gandhi NREGS, also known as the NREGA scheme) is a demand-driven wage employment programme, offering job security to rural households in India. The scheme guarantees … READ FULL STORY
This is possibly the best time to purchase a property using housing finance, as banks are currently offering home loans starting at 8.35% annual interest. The repo rate is also at 6.5% for the … READ FULL STORY
Under India’s income tax laws, salaried as well as self-employed individuals can claim deductions against house rent payment under several sections, including Section 80GG and Section 10 (13A). See also: All about Section 80EEA … READ FULL STORY
Under Section 80EEA of the Income Tax Act in India, first-time homebuyers investing in affordable property with the help of a home loans get Rs 1.50 lakh tax deductions on home loan interest payment. … READ FULL STORY
Property buyers in India must pay a stamp duty to register properties under their names at the time of registration. As land is a state subject, the stamp duty rates on property registration are … READ FULL STORY
Prime Minister Narendra Modi on March 16 expressed delight on over one crore households registering for the PM Surya Ghar Muft Bijli Yojana. Prime Minister Modi launched the scheme on February 13. Under the … READ FULL STORY
To make sure a homebuyer is investing in a property that is free from any legal or financial charges, they must check the encumbrance certificate (EC). With several states in India launching virtual facility … READ FULL STORY
Just like any other state, the inspector-general of registration and stamps (IGRS) of Karnataka is responsible for levying and collecting stamp duty and registration charges on property transactions. The IGRS authority in Karnataka does … READ FULL STORY
Once a home purchase deal is finalised between a buyer and a seller, a formal process is initiated to conclude it legally. This starts with the buyer paying the seller a small portion of … READ FULL STORY
