While India’s real estate sector did not get the special treatment it expected from the Union Budget 2021-22, some relief did come its way, in the form of an extension of the safe harbour … READ FULL STORY
On July 8, 2020, the Ministry of Housing and Urban Affairs confirmed that the Affordable Rental Housing Complexes (ARHC) scheme had received the nod from the union cabinet and would continue as a sub-scheme … READ FULL STORY
Before a bank approves a home loan application, it would examine the borrower’s repayment capacity by calculating the debt-to-income (DTI) ratio. Mostly calculated in percentage terms, the DTI ratio is obtained by dividing your … READ FULL STORY
To meet the high costs of living in rented accommodations, employers pay house rent allowance (HRA) to their employees. India’s income tax laws also provide benefits to people who do not own a house … READ FULL STORY
Among the various products that banks offer, to cater to the varying needs of property buyers and owners, are construction loans. Even though there might be some similarities between a construction loan and a … READ FULL STORY
With the repo rate now at 4%, home loan interest rates are below the 7% level. However, you may not be eligible for this low interest rate. So, it is crucial for home loan … READ FULL STORY
Landlord-tenant disputes can be resolved through arbitration, except when they are covered by specific forum created by rent control laws, the Supreme Court has ruled. Delivering its landmark verdict in the Vidya Drolia and … READ FULL STORY
Through consistent reductions, most Indian banks have brought home loan interest rates to the sub-7% level. The move, which is primarily aimed at boosting consumption in the country’s second-largest employment-generating sector, at a time … READ FULL STORY
Those planning to purchase a plot in India for the purpose of building a house, have easy financial access, since almost all leading Indian banks offer plot loans, also known as land loans. In … READ FULL STORY
The Coronavirus pandemic has forced banks in India to bring home loan interest rates to a record 15-year low, in a bid to boost consumer sentiments, at a time when the economy has been … READ FULL STORY
Amid the possibility of large-scale defaults by home owners and builders, in the backdrop of the Coronavirus crisis, financial institutions could be forced to repossess properties and sell them in the open market, to … READ FULL STORY
As housing societies are not apparently engaged in any income earning activities, there is a perception that they are not required to comply with any income tax provisions. This impression is heightened by the … READ FULL STORY
Home owners are often ignorant about the implications of buying a house property in single name, instead of joint names. One of my colleagues had bought a flat in his name before marriage. After … READ FULL STORY
