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
To whom are these reduced rates applicable The reduction in State Bank of India’s (SBI’s) rates, is not as widely applicable, as is made out to be. It is not that the home loans … READ FULL STORY
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
The subscribers of the Employees Provident Fund Organisation (EPFO), will now be able to withdraw up to 90 per cent of their accumulations in their PF account, for purchase of homes. EPFO users can … READ FULL STORY
In 2006, the real estate market in the National Capital Region (NCR), was witnessing the growth of a number of property segments. Sushant Lok, a newly-developed region of Gurgaon, was emerging as a real … READ FULL STORY
Shweta Jha, a journalist, was house hunting in Bengaluru. After a lot of research on the market, upcoming locations and price comparison, she finally zeroed in on an apartment in Outer Ring Road. The … READ FULL STORY
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
Buying a home is one of the biggest financial commitments in a person’s life, and understanding how to manage the payment for it is crucial for making the right choice. In India, homebuyers are … READ FULL STORY
‘Fools build houses, and wise men live in them’. This British proverb is often used in arguments against buying a house. Investing in a house is a very important decision, as the amount needed … READ FULL STORY
With the real estate sector slowing down, developers are offering various kinds of schemes to garner sales. Of these, two common ones are buybacks and assured return schemes. Let us examine their risks. … READ FULL STORY
Buying a home is among the most significant financial decisions for an Indian household, and selecting the right lender for a home loan is equally critical. With banks, NBFCs, and housing finance companies offering … READ FULL STORY
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
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
