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Category: Legal

Home » Must Knows » Legal » Page 50

Legal
By Ravi SinhaFebruary 2, 2018

IFMS and sinking fund: Can a builder rightfully charge both?

Amrendra Kishore bought an apartment in Noida, after spending over a decade in Australia. At the time of taking possession, he paid an upfront amount of Rs 50 per sq ft as Interest Free … READ FULL STORY

Legal
By Content ConsultantsNovember 9, 2017

Buying a property? Choose a licenced broker only

Roopankar Chakroborty, a resident of Noida, had no clue about the trouble that was going to come his way when he booked an apartment in the 19th floor of an upcoming, but delayed project … READ FULL STORY

Legal
By Content ConsultantsNovember 1, 2017

Dos and don’ts for investing in later phases of a project

A well-known developer in Gurgaon, who launched a township project in early 2008, announced the second phase of the project in the same township, in the beginning of 2016. As the project was from … READ FULL STORY

Home Loans
By Payal MomayaOctober 28, 2017

Problems people face while transferring home loans

The facility to transfer one’s home loan from one bank to another, allows borrowers to have a ‘plan B’ in case they are not satisfied with their existing lender. Besides deficiency in services, a … READ FULL STORY

Taxation
By Amit SethiAugust 2, 2019

Rs 2 lakhs cap on interest deduction: How it impacts property investors

Earlier, whatever interest that a borrower paid against a housing loan, was allowed to be completely adjusted from the income, as a deduction. Now, this deduction has been capped to Rs 2 lakhs and … READ FULL STORY

Property Trends
By Avikshit Moral and Sumitava BasuJuly 28, 2017

RERA: The final hope of home buyers?

The Indian real estate sector has been largely unregulated except for a few states like Maharashtra, Uttar Pradesh, Andhra Pradesh, Delhi and Karnataka. Any pro-consumer development was solely a result of judicial activism. This … READ FULL STORY

Legal
By Anuradha RamamirthamMay 8, 2017

How to be legally secure when buying an under-construction property

There are several abandoned and derelict under-construction projects in Mumbai, Navi Mumbai and Thane. For instance, in October 2009, Ajay Singh (name changed on request) invested in a 3-BHK, of a 16-storeyed under-construction project … READ FULL STORY

Taxation
By Amit SethiAugust 13, 2019

The definitive guide to taxes and duties payable, while buying a home

Taxes and duties constitute a large part of the total home buying cost. There are four types of taxes and duties that are levied on the purchase of homes in India – stamp duty, … READ FULL STORY

Legal
By Amit SethiOctober 9, 2019

Is your property possession delayed? Here’s what you can do

A property buyer, who invests his hard-earned money in buying a home and does not get its possession on time, not only fails to get a roof over his/her head but also ends up … READ FULL STORY

Legal
By Balwant JainJanuary 24, 2018

Budget 2017: Provisions for redevelopment projects to bring relief to home owners

As per the income tax laws, any profit on sale or transfer of your house or land becomes taxable, in the year in which you transfer the same. As per the Transfer of Property … READ FULL STORY

Must Knows
By Balwant JainSeptember 30, 2019

Indexation: How it affects long-term capital gains tax calculations

Under the present tax laws, a person is taxed on profit from the sale of any immovable asset held as a capital asset, under the head ‘capital gains’. For computing capital gains, the immovable … READ FULL STORY

Legal
By Amit SethiMay 24, 2022

5 mistakes to avoid while buying a home

Making mistakes while buying a home, could result in irreparable losses. Home buyers, who are lured by offers, discounts and freebies, tend to forget their actual requirement and hence, make mistakes.   Mistake 1: … READ FULL STORY

Legal
By Anuj PuriFebruary 12, 2017

Distressed properties: Hidden opportunity for buyers?

A distressed property is one, where the home buyer is unable to repay the loan taken to acquire the asset. When an owner defaults on EMI payments for four to five consecutive cycles, the … READ FULL STORY

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