Under Indian laws, property ownership has tax implications, since every immovable asset has the potential to generate a certain annual income for the landlord, if it’s not self-occupied. Interestingly, the tax liability would arise … READ FULL STORY
With an aim to offer borrowers with a higher level of transparency and cost effectiveness, the banking system has from time to time introduced various rate-setting methodologies, based on which loan interest rates are … READ FULL STORY
The income tax laws give various options to the tax payers, to save the tax liability arising from the sale/transfer of long-term capital gains, if certain investments are made. Section 54 exempts long-term capital … READ FULL STORY
Non-agricultural use of plot only after infrastructure in place, rules MahaRERA A plot has to be registered with the RERA if it has only a conditional conversion certificate, says the state authority August 17, … READ FULL STORY
Owners of residential properties in Pune, are liable to pay property tax every year to the Pune Municipal Corporation (PMC) or the Pimpri Chinchwad Municipal Corporation (PCMC), based on the location of their property. … READ FULL STORY
Considering that home loans are currently priced below the 7% per annum level, buyers may find it lucrative to purchase a property through housing finance. Easy availability of housing stock in the resale market, … READ FULL STORY
It takes years of financial discipline and diligent planning, to be finally able to repay a home loan, which typically has a tenure of between 10 and 30 years. Owing to this huge liability, … READ FULL STORY
It is wiser to opt for a loan to meet large financial expenses, such as a wedding, home renovation or any emergency expense, rather than depleting your hard-earned savings. Applying for a loan from … READ FULL STORY
Property encroachment is a serious concern in India. Civic authorities across India are finding it difficult to curb this menace. It not only puts additional pressure on infrastructure but also increases the burden on … READ FULL STORY
Home buyers may often find real estate developers helping them with housing finance, through their tie-ups with financial institutions. However, when this home loan is being co-lent by a bank and a housing finance … READ FULL STORY
Prabhat Kumar bought an apartment in Greater Noida West through a trusted property agent. However, following the collapse of a building in Shahberi, which forced the authorities into action, Kumar’s project was found to … READ FULL STORY
India has emerged as one of the fastest-growing economies in recent times and is slated to bounce back strongly, once the COVID-19 pandemic dies down. The World Bank and the International Monetary Fund (IMF) … READ FULL STORY
Property owners in India have to pay direct taxes to local bodies on an annual or semi-annual basis. Most commonly known as property tax, this levy is also known as holding tax in some … READ FULL STORY
