1.10 crore houses completed under Pradhan Mantri Awaas Yojana:Gramin

19 Aug 2020
65 Views

Introduction

The Prime Minister of India, Narendra Modi, made a promise to provide “Housing for all by the year 2022”. This was done so under his housing scheme wherein houses would be constructed in rural areas under the plan known as the Pradhan Mantri Awas Yojana- Gramin or PM.....

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All about RERA Act - Benefits, Eligibility, and Implications

30 Dec 2019
78 Views

The Real Estate Regulatory Authority (RERA) Act, 2016 is designed to protect the interest of home buyers and attract more investment in real estate. The bill was approved by the Rajya Sabha (Upper House) on March 10, 2016. The Act was introduced in 2013 by the Indian National Congress Government......

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Appraisal Time: 5 Smart Ways To Invest Your Bonus

30 Dec 2019
85 Views

There is hardly anything more enjoyable for a hardworking professional than the appraisal time and the bonus that it brings. Certainly, you have already received your year-end bonus or are awaiting it. Now, it is the right time to plan how you are going to utilize this bonus. There is a te.....

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New Home VS Resale Home: Which One You Should Go For?

30 Dec 2019
60 Views

India’s real estate sector has typically been driven by demographics – a fast-growing population and urbanization have resulted in an ever-increasing demand for new homes, especially in the economic and commercial centers that have good job-creation prospects. Nevertheless, when it comes to deman.....

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Is Longer Tenure Home Loan the best Option?

30 Dec 2019
70 Views

In recent years, home loans have proved to be an effective source of financing for home buyers. By availing it, millions of people across the country have realized their dream of purchasing their dream house. Different financial institutions provide home loans with different terms and conditions......

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Benefits of Buying a House in the Name of Your Wife

30 Dec 2019
87 Views

Almost everyone dreams of getting a home, to put down roots and be responsible for their own little corner of the world. When buying a house you require a basic overview. This is especially true if you are purchasing a home for the first time and you aren't quite familiar with the process. Howeve.....

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How to Do Registration of New House

28 Dec 2019
80 Views

Section 17 of the Registration Act, 1908 makes it mandatory to register any transaction you make towards buying an immovable property if it is priced more than INR 100. It will not be an assumption to say that you will not find a new house in India that is worth less than INR 100. So, buying the .....

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Can one avail tax exemption under section 54 and 54f?

28 Dec 2019
58 Views

Homebuyers are eligible for various tax benefits while purchasing a property. Under section 54 of the Income Tax Act, individuals are eligible for tax benefits if they purchase a residential property by selling their existing property. The amount of exemption will either be the capital gains aris.....

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Home Automation: The next big change in the Real Estate Industry

28 Dec 2019
70 Views

In the past, any person would have been satisfied to have a roof over their heads as owning a home was considered a luxury. But now, the situation is different. The availability of home loans have boosted the growth of real estate in the country. The increasing popularity of home loans brought ho.....

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What Is Property Tax and How Is It Calculated?

28 Dec 2019
70 Views

If you do not have any idea about what is property tax, this article will help you get a better idea about it. If you own a house or any property in India, the municipal authority of your area charges you a tax on it. You have to pay this tax on any real estate you own, and the tax amount depends.....

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Real Estate vs Mutual Fund Which one to choose as an Investment Option?

19 Nov 2019
80 Views

In today’s time, it is important to make smart investments. By investing your hard-earned money wisely, you can not only achieve financial goals but also secure your future to a certain extent. Nowadays, there are several investment options available in the market. However, as an investor, it is .....

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5 Unknown Traps to Avoid While Investing In Commercial Real Estate

19 Nov 2019
77 Views

With the growing financial literacy of the country, a large number of citizens are looking forward to making investments to obtain fruitful returns. One such investment option that holds the potential of earning high returns is the real estate investment. Any type of property, be it a residential.....

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Merits & Demerits of Availing a Joint Home Loan with your Spouse

14 Nov 2019
77 Views

Availing a home loan is a long term financial obligation and hence you must evaluate your creditworthiness carefully before applying for a home loan. Over the years, home loans have gained massive popularity due to the competitive interest rates and other attractive features associated with them......

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Why MCLR Linked Home Loans Fail to Reduce Your EMIs

14 Nov 2019
80 Views

Every time the Reserve Bank of India (RBI) reduces the policy rates, some questions like “Will the benefits of rate cuts help or will the equated monthly installments (EMIs) reduce?” would pop up. The RBI has reduced the rates by 135 basis points during this year. One basis point is equivalent to.....

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Tax Benefits Available for Joint House Ownership

29 Aug 2019
77 Views

If you are planning to own a home along with your spouse/partner, you can easily avail several tax benefits on your home loan. This home loan could be a joint home loan, which you and your partner can avail together.

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Understanding MCLR and its Effects on Home Loans

23 Aug 2019
82 Views

On April 1, 2016, the Reserve Bank of India introduced the Marginal Cost of Fund Based Lending System (MCLR) as the new rate system for commercial banks and other money lending institutes in India to grant loans.

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MCLR in Home Loan

12 Aug 2019
77 Views

 The marginal cost of funds based lending rate, or MCLR, as it is commonly called, is the minimum interest rate set by the Reserve Bank of India on different types of loans. No bank or non-banking financial companies (NBFCs) can lend a loan with an interest rate tha.....

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15 Home Loan Hidden Charges You Must Ask Your Bank

12 Aug 2019
77 Views

In today’s age of inflation, land and property prices have gone through the roof. Hence, it goes without saying that availing a home loan is the most convenient option to buy a property. However, in a desperate bid to buy a home, many buyers’ sign up for home loans witho.....

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Top 7 Home Loan Repayment Options

28 May 2019
56 Views

The amount borrowed for a home loan is generally on the higher side as compared to any other type of loan. Still, owning a house of their own is a dream for many, which is why home loans enjoy considerable popularity in the debt market. Today, there is no dearth of home-loan providers. These lend.....

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Home Loan for Different Properties based on Prices

28 May 2019
70 Views

Purchasing your first home is one of the most exciting financial milestones of your life. Although it may seem like a complex process, it is an essential step when it comes to providing a stable environment for your family. Taking “the big step” of buying a home might ma.....

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Top 3 Factors That Impact Your Home Loan EMI

25 May 2019
56 Views

In today’s world, buying a home of your own is a like achieving a great feat However, working around your monthly income to incorporate the home loan EMIs without taking a hit on your lifestyle is no easy feat, which is why most people opt for a home loan. Although there are a lot of home loan pr.....

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5 Tips for Home Loan for Under Construction Projects

22 May 2019
33 Views

Property-related costs in India are escalating by the minute. In such a scenario, buying a ready-to-move -in house could prove expensive. The same is true if you are buying a ‘resale’ house with high market value. As compared to these options, the purchase of an under co.....

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