Property deals need not always culminate in the execution and registration of an agreement. Sometimes, the deal may not go through and may be abandoned halfway, after the payment of token money or even … READ FULL STORY
In a move that could provide some relief to over 15,000 buyers who have invested in various housing projects of the embattled Unitech Group, a Supreme Court-appointed board, has proposed a resolution plan for … READ FULL STORY
There is no restriction on the number of properties you can own. Similarly, there is no restriction on the number of houses for which you can take home loans and claim tax benefits, either … READ FULL STORY
For the sale of an immovable property, generally two types of agreements are made – an agreement for sale and a sale deed or sale agreement. The agreement for sale is required to be … READ FULL STORY
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
A holding period of 24 months is crucial for a person to be able to claim tax benefits associated with long-term capital gains on property sale. Long-term capital gains give a property seller the … READ FULL STORY
Purchasing a house is an important financial decision, particularly for first-time buyers. Home buyers have to be careful as they invest their hard-earned money for a secure future. Nevertheless, a good investment can earn … READ FULL STORY
There have been cases galore, where home buyers have faced delays in getting the possession of their flats. In many cases, the delays have been for more than five to six years. Some developers … READ FULL STORY
‘Capital gains’ is one of the income heads, under the Indian tax laws. Any profit from the sale of a capital asset, is taxed under the head ‘capital gains’. Holding period as the basis … READ FULL STORY
A 37-year-old builder, identified as Yogesh Kumar Bhati, a resident of Sultanpur village in the national capital, was arrested on April 2, 2019, for selling the same property through sale deeds to different persons … READ FULL STORY
There are a number of income tax provisions, which link the benefits with the time taken to complete the construction of one’s property. Deductions pertaining to repayment of the principal component of a housing … READ FULL STORY
A completion certificate is a document that is awarded, after the inspection of a real estate project, stating that it has been constructed according to the approved building plan and that it meets all … READ FULL STORY
For a home buyer, the much awaited sense of ownership of the dream home, follows the execution and registration of the sale deed. The sale deed, from the seller to the buyer, is the … READ FULL STORY
