When a buyer opts to purchase a home, s/he may come across various payment plans. Nonetheless, one should check out the pros and cons of each plan, before making a choice. Down payment … READ FULL STORY
In a recent judgment, the Delhi High Court has held that service tax cannot be levied on the purchase of under-construction flats. Presently, service tax of 15% is levied on 25% of the consideration … READ FULL STORY
The finance bill, was presented in the parliament on February, 29, 2016. It became a law, after receiving the president’s assent, from May 14, 2016. This Finance Act 2016, has certain provisions, which will … READ FULL STORY
Led by reports that Noida is by far the most affordable location in and around Delhi-NCR, Ramesh Vats was on a house hunt in the market. He found that his perception about the Noida … READ FULL STORY
Generally, it is observed that people who opt for affordable homes, are also first-time home buyers. Therefore, they need proper guidance and financial support to make the right decision. “Interest rates on home loans … READ FULL STORY
The first step, while scouting for a property, is to put down what you’re looking for – quality of construction, reputation of the builder, cost, amenities and other thing that you consider as essential. … READ FULL STORY
Home owners constitute a major section of the tax payers. Consequently, there is a need to have a separate tax deduction, for the repayment of home loans taken for the purchase or construction of … READ FULL STORY
There are certain income tax benefits, associated with money borrowed for the purchase or construction of a house. At present, the income tax laws provide benefits on interest payments and repayment of the principal … READ FULL STORY
Ramnik Sharma, an IT professional, wanted to buy an apartment in an affordable housing project, at Rajajinagar, in Bengaluru. Sharma found everything to his liking – the apartment, its location, construction, delivery timelines and … READ FULL STORY
Faced with budget constraints to pay additional PLC (preferential location charges), Gaurav Chaudhary, a home buyer from Noida Extension, asked the developer to show him an apartment that does not have a location-view advantage. … READ FULL STORY
In a consumer case filed with the district consumer forum of Noida, an aggrieved home buyer has demanded a refund of the amount collected towards additional loading over the carpet area paid to the … READ FULL STORY
The central government introduced the reverse mortgage scheme in 2008. Under the scheme, senior citizens were provided with a facility to get money, in the form of monthly or lump-sum payments, or a combination … READ FULL STORY
