House rent allowance (HRA) is almost always an integral part of a company’s salary structure. Employers expect the employee to spend this amount, towards meeting his accommodation requirements. Unless the employee proves that he … READ FULL STORY
In the last one month, home loan interest rates have touched new lows. Presently, the home loan interest rate has come down to as low as 6.65%. Most of the banks are now offering … READ FULL STORY
Property purchases undergo a lot of procedural stages, before reaching its logical conclusion. At every stage, the buyer and the seller try to formalise the process, by way of providing documentary support for the … READ FULL STORY
Since home ownership may sometimes be inconvenient or unaffordable, a majority of the migrant working population in India’s major cities live in rented homes. For this, the tenant signs a rent agreement with the … READ FULL STORY
Among the many taxes that home buyers have to pay on property purchase is the Goods and Services Tax or GST on flats. Many changes have already been made in this tax regime, in … READ FULL STORY
Like all sorts of income, profits made by way of business activities are taxed under the income tax laws in India. As is true of all incomes, the tax payer also enjoys a variety … READ FULL STORY
In cities like Mumbai, land is very scarce but the demand for housing is growing continuously. Moreover, some of the buildings in Mumbai and in other cities, have outlived their useful life and pose … READ FULL STORY
Citizens of Gurugram (erstwhile called Gurgaon) can make almost all payments online. Property tax payment in the Millennium City is also hassle-free, as users can pay their tax liability through various virtual channels using … READ FULL STORY
If media reports are to be believed, the Maharashtra Housing and Area Development Authority (MHADA) is planning to launch an affordable housing scheme 2021, for units in and around the Mumbai Metropolitan Region (MMR) … READ FULL STORY
For a home buyer in today’s world, having any doubts about the concept of the carpet area could prove to be highly detrimental. Despite the many nitty-gritties involved in the process, it all boils … READ FULL STORY
Apart from imposing tax on the building structure, civic bodies also charge tax on land in India, though at lower rates. Land owners in Bihar also have to pay land tax accordingly. Besides physically … READ FULL STORY
After the successful launch of the first phase of its housing scheme 2019, the Delhi Development Authority (DDA) has announced the result for second phase. The authority offered 18,000 flats on sale and majority of them were located in Vasant Kunj and Narela.
Intensifying the price war in the home loan segment, India’s biggest lender, State Bank of India (SBI), has lowered its interest rates again, in March 2021. The bank announced that it will be offering … READ FULL STORY
