Home buyers must familiarise themselves with the basic principles of co-ownership of property, before entering into such an agreement. Discussed in this article, are the types of joint ownership or co-ownership of property. … READ FULL STORY
Property tax is one of the major sources of income for the government. Every state government and corporation has the responsibility to decide these rates. In Tamil Nadu, paying your property tax, also known … READ FULL STORY
The Andhra Pradesh Real Estate Regulatory Authority (RERA) was set up under the Real Estate (Regulation and Development) Act, 2016. The state government has notified the Andhra Pradesh Real Estate (Regulation and Development) Rules … READ FULL STORY
A gift of property, involves conferring the ownership of one’s property on to another, through a gift deed. Gifting a property to a near and dear one, has certain monetary implications that you should … READ FULL STORY
A freehold property is one, where the owner/society/residents’ welfare association owns the building and the land that it stands on outright, in perpetuity. A freehold land is generally bought through an auction or lottery. … READ FULL STORY
After a long delay in notifying the rules, the Kerala Real Estate Regulation and Development Rules were notified in 2018. Previously, the Kerala RERA rules were repealed by the state government, as it seemed … READ FULL STORY
The real estate markets of Bhubaneshwar, Cuttack and other tier-2 and tier-3 cities in Odisha are slowly gaining prominence. With these markets increasingly attracting the attention of developers, the state government has set up … READ FULL STORY
Insurance policies allow one to secure one’s future liabilities, in the case of any unpleasant event. Home buyers are encouraged to buy both, home insurance and home loan insurance, at the time of transaction. … READ FULL STORY
The benefits of a joint home loan are many. It provides borrowers with an opportunity to combine their respective credit taking capabilities and afford a home that might not have been possible, if only … READ FULL STORY
In order to regulate and promote real estate development in the state, the government of Rajasthan has notified its rules under the Real Estate (Regulation and Development) Act, 2016. The Rajasthan Real Estate Regulatory … READ FULL STORY
Borrowers, while seeking a home loan, are often persuaded by lenders to opt for a combo deal that includes the home loan and a home loan insurance plan. The basic purpose of a home … READ FULL STORY
Banks and housing finance companies are generally more willing to lend loans to couples who apply for the loan in joint names. Moreover, a single home loan applicant may not get the same amount, … READ FULL STORY
As the Coronavirus crisis assumes massive proportions, those servicing long tenure loans like home loans have additional reasons to worry, apart from staying safe during this crisis. How would one pay home loan EMIs, … READ FULL STORY
