A sale deed is a legal document that proves that a property has been transferred from the seller to the buyer. A sale deed acts as the main legal document, confirming the sale and … READ FULL STORY
To make sure a homebuyer is investing in a property that is free from any legal or financial charges, they must check the encumbrance certificate (EC). With several states in India launching virtual facility … READ FULL STORY
Under India’s income tax laws, salaried as well as self-employed individuals can claim deductions against house rent payment under several sections, including Section 80GG and Section 10 (13A). This section is useful for people … READ FULL STORY
Under Section 80EEA of the Income Tax Act in India, first-time homebuyers investing in affordable property with the help of a home loans get Rs 1. 50 lakh tax deductions on home loan interest … READ FULL STORY
When you buy a property, the legal change in ownership takes place after property registration. Several laws come into picture in this highly complex legal procedure. This makes it of utmost importance to have … READ FULL STORY
Understanding the type of ownership you hold over a property is crucial when making real estate decisions. One common form of ownership is freehold property, which offers the owner full control and rights over … READ FULL STORY
Amid rising income levels in India, penthouse ownership has become an obvious choice for Indians seeking luxury real estate. Even though the term is now quite frequently used in Indian real estate, confusion still … READ FULL STORY
When buying a property, one of the first decisions you’ll face is choosing between fully furnished, semi-furnished, or unfurnished homes. Fully furnished properties come equipped with all necessary furniture and appliances, allowing you … READ FULL STORY
The Real Estate (Regulation and Development) Act, 2016, (RERA) is an act passed by the Indian parliament. The RERA seeks to protect the interests of home buyers and also boost investments in the real … READ FULL STORY
When buying a property in a project on a leasehold plot, there are some important things to know. Unlike freehold property, where you own the land, leasehold means you own the property for a … READ FULL STORY
Defaulting on a home loan can have serious repercussions, affecting not only your financial standing but also your future opportunities. For many in India, a home loan is the pathway to achieving homeownership, but … READ FULL STORY
For registration of all deeds related to change of ownership in property documents, the person concerned must pay stamp duty to the state government through the sub-registrar office (SRO). In India, the payment of … READ FULL STORY
When it comes to managing rental income, property owners in India must navigate the complexities of tax regulations, particularly the Tax Deducted at Source (TDS) under Section 194I of the Income Tax Act. This … READ FULL STORY
