The home loan moratorium provided by banks, following the COVID-19 pandemic, came to an end on August 31, 2020. This facility was quite useful for individual borrowers who had taken home loans and were … READ FULL STORY
When you book a property, the builder generally issues an allotment letter. The actual agreement may not be executed immediately. The agreement to sell, may, in fact, be executed after years, in some cases. … READ FULL STORY
Salaried borrowers who have opted for the Reserve Bank of India’s (RBI’s) home loan EMI moratorium, because of the current financial stress, will also see some changes as far as their tax deductions are … READ FULL STORY
Every home loan borrower has to repay his housing loan over a pre-fixed tenure. However, most borrowers might not be aware of the various options that banks offer with respect to the loan repayment. … READ FULL STORY
A buyer has to bear a lot of miscellaneous costs while purchasing a property, including the cost incurred towards legally transferring the asset under his name. Buyers may sometimes find themselves in a position … READ FULL STORY
It is well known that real estate in Mumbai is one of the most expensive in the world. The stamp duty, including metro cess, payable on a deed of transfer or conveyance or sale … READ FULL STORY
With loans currently priced below the 7% level, it might be an ideal time for home buyers and investors to purchase real estate. Property prices have also seen a correction, as compared to the … READ FULL STORY
It is conventional wisdom that the Indian state enjoys the power of ‘eminent domain’, which refers to the power of the sovereign to acquire private immovable property for public use, provided the public nature … READ FULL STORY
Not all borrowers prefer floating interest rate home loans. This is because rates continue to change throughout the course of the loan tenure. Even though there is scope for the EMI outgo to reduce, … READ FULL STORY
There could not have been a more appropriate time to take a home loan, with rates currently touching a 15-year low. Most large banks in India are currently offering housing loans at an interest … READ FULL STORY
Apart from lending credit for property purchases, a majority of Indian banks also offer loans for making improvements to your property. These could be in the form of renovation, expansion, etc. Such products are … READ FULL STORY
A home loan is taken to purchase a house or for the construction of one. A land or plot loan is taken to buy a land parcel. There are several similarities and differences between … READ FULL STORY
As the purchase of a home is often the biggest expense in a person’s life, real estate developers offer various choices to the buyers, vis-à-vis payments. Consequently, there are various ways in which a … READ FULL STORY
