How to repay your home loan faster
It is a big financial decision to buy your first home. A hasty decision can easily ruin all your financial goals in life. So, it is always wise to take a planned step and … READ FULL STORY
Home Loans
Category: Must Knows
Must Knows
What is the pagdi system in India?
One of the most prevalent and long-standing practices, when it comes to housing, has been the ‘pagdi’ system. A popular practice, India saw the pagdi system gather speed during the British rule. Metropolitan cities … READ FULL STORY
NRI
7 things NRIs should keep in mind, while taking a home loan in India
The Indian real estate market offers a lucrative investment opportunity for non-resident Indians (NRIs). Like resident Indians, NRIs are also allowed to buy properties in India, with the help of home loans. However, the … READ FULL STORY
Home Loans
How are home loan rates charged by banks and housing finance companies
Although the Reserve Bank of India (RBI) has effected several reductions in the repo rate (the rate at which banks borrow from the central bank), lending rates have not witnessed a corresponding change. Home … READ FULL STORY
Must Knows
Why should you buy a life insurance to cover your home loan
The amount of home loan availed of to buy a house generally constitutes a significant portion of the monthly income of the household. If something happens to the bread-winner, it becomes almost impossible for … READ FULL STORY
Legal
Things to keep in mind when inheriting a property
Passing on the assets of a person after his/her death, involves several critical issues, especially if it involves the inheritance of property. Therefore, it is important to understand the various inheritance laws, to avoid … READ FULL STORY
Budget 2022
Budget 2020: Income tax laws that will affect home buyers and builders
The Union Budget, presented on February 1, 2020, has attempted to give certain reliefs to developers and home buyers. It also attempts to introduce some provisions, to minimise unnecessary litigation between tax payers and … READ FULL STORY
Budget 2022
Will the new tax regime proposed in Budget 2020 lead to greater savings for those hoping to buy a home?
The Budget presented by finance minister Nirmala Sitharaman, on February 1, 2020, has proposed a new tax regime for individuals and HUFs, where they are offered lower rates of tax for different slabs, provided … READ FULL STORY
Taxation
Home loans and taxation on self-constructed properties
A property seeker can either buy a flat that is ready-to-move-in, or book an under-construction property. While these are the preferred options, one can also get their own house constructed on a plot of … READ FULL STORY
Legal
Consumer Court, RERA or NCLT: Can a home buyer approach all these forums simultaneously?
A division bench of the High Court of Delhi (High Court) by judgment dated September 4, 2019 in Messrs M3M India Private Limited & Anr v. Dr Dinesh Sharma & Anr (CM (M) 1244 … READ FULL STORY
Property Trends
5 steps to buy a house, for first-time home buyers
Finance is one of the most important determinants, when it comes to buying a house and most of the other considerations revolve around this. As a property purchase is often a once-in-a-lifetime decision, it … READ FULL STORY
Home Loans
All you need to know about SBI’s possession guarantee scheme
The largest bank of the country, State Bank of India (SBI) has announced a scheme to provide relief to its customers, in the form of a guarantee for the timely completion of the project … READ FULL STORY
Rent
Dos and don’ts for sharing a rented house
Sharing a rented house has become a common practice, wherein, two to four people (depending on the number of bedrooms available in the property) live together. There are several obvious advantages of following this … READ FULL STORY
