Earlier, whatever interest that a borrower paid against a housing loan, was allowed to be completely adjusted from the income, as a deduction. Now, this deduction has been capped to Rs 2 lakhs and … READ FULL STORY
Delhi-NCR’s rental market is now witnessing a new source of supply of apartments. Investors, who have been the primary buyers of apartments, are now stuck with excess inventory and are willing to rent out … READ FULL STORY
Chennai has witnessed a huge influx of population, owing to the growth in employment opportunities, especially in the IT and manufacturing sectors. Obviously, this had led to a rise in the demand for properties … READ FULL STORY
Rakesh Sharma, a retired doctor, spent his lifetime savings to buy an apartment along the Noida-Greater Noida Expressway. Sharma, who already owned a house in Delhi, hoped to lead a comfortable life after retirement, … READ FULL STORY
When Surinder Kumar (name changed), a central government employee, shifted to New Delhi after his promotion, he moved into a two-bedroom rented apartment in an upmarket society in Dwarka. His landlord, who lived abroad, … READ FULL STORY
Housing.com, part of Elara Technologies Pte Ltd, which also owns PropTiger.com and Makaan.com announced, on April 17, 2017 that its ‘Rentals’ offering has gone live on the portal. The reintroduction of rentals has been … READ FULL STORY
The Mumbai Police has said that owners or landlords should submit furnished documents of their tenants (foreigners or Indians), before renting out the property to them. The police issued an order to this effect, … READ FULL STORY
Mayur Shah, an NRI from Boston, wanted to invest in a residential house in India. His first choice naturally, was his hometown of Ahmedabad. However, he was advised by the local agents to instead … READ FULL STORY
For a long time, the property market was going through the problem of excess unsold inventory, but the property rates were not falling. Now, according to various media reports, property rates have fallen, after … READ FULL STORY
When it comes to taking a property on rent in India, tenants often have to pass through a number of uncomfortable questions, ranging from food habits to personal lifestyle choices. Consequently, a majority of … READ FULL STORY
In the real estate market, a higher average rental in a location normally indicates high demand and low supply of properties in that location. Pune’s property market has shown consistent growth in rental yields. … 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
The Indian rental market has been demanding a new law to counter the Rent Control Act, 1948, for a long time. Recently, the government has shown interest in passing the Draft Model Tenancy Act, … READ FULL STORY
