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occupancy certificate
The Occupancy Certificate: What are they?

The Occupancy Certificate: What are they?

occupancy certificate

An occupancy certificate (OC) issued by local authorities certifies that a building is fit for occupation and was built in accordance with the approved plan and local laws. What is the importance of an occupancy certificate? An occupancy certification shall be given by a local government agency or planning authority upon the completion of a…

completion certificate
The completion certificate: What are they?

The completion certificate: What are they?

completion certificate

A completion certificate is a document issued following an inspection of a real estate project that states that it was built in accordance with the approved building plan and meets all of the necessary standards set by the local development authority or municipal corporation. This certificate is essential for both developers and owners of standalone…

commencement certificate
The Commencement certificate: what are they?

The Commencement certificate: what are they?

commencement certificate

A commencement certificate is a document issued by the local municipal authority that allows the developer to start working on the project. The commencement certificate (or CC) is usually issued only after the developer has met all of the legal requirements and obtained all of the necessary approvals for the building’s design. How can a…

Registration of property
Registration of property transactions in India

Registration of property transactions in India

Registration of property

When a buyer acquires a property, the legal Registration of property takes place only when the immovable asset is registered under his name in the government’s records. Since the various monetary implications typically affect the buyer, this complex process also requires them to have a clear understanding of the laws that regulate such affairs in…

Rent
Rent vs Lease: What Is The Difference?

Rent vs Lease: What Is The Difference?

Rent

Although most renters use the terms rent and lease interchangeably, leasing a property is not the same as renting a home. Depending on how the rent agreement is drafted and registered, there are several legal ways to rent a property. A lease is only one method of renting an apartment. A rent agreement can be…

Fixed or Floating rate
Fixed or Floating rate home loans: Which is best?

Fixed or Floating rate home loans: Which is best?

Fixed or Floating rate

Fixed or Floating rate: Lending rates in India are currently at a decade low and are expected to remain so for the next one to one and a half years due to slow economic activity caused by the ongoing Covid-19 pandemic. However, since the second half of the fiscal year ended March 2021, there has…

residential property
Residential property investment: Things to consider

Residential property investment: Things to consider

residential property

Residential property purchase has been a significant milestone in one’s life since time immemorial, whether as an investment or as a dream home. With rising income levels, especially among the urban population, the importance of owning residential real estate in India has grown in recent years. While commercial real estate has become increasingly popular among…

financial ratios
Six financial ratios to consider before buying a property

Six financial ratios to consider before buying a property

financial ratios

Financial ratios: The importance of owning a home has been highlighted by COVID-19. Huge unsold inventory and a loss of confidence brought on by the pandemic have ensured that Indian real estate remains a buyer’s market. The dynamics of buying a house are currently most appealing, with decadal lows in home loan interest rates and…

income tax
Tax exemption until September 30 New homebuyers are in luck!

Tax exemption until September 30 New homebuyers are in luck!

income tax

Income Tax exemption under Section 54 to Section 54GB Due to the difficulties faced by taxpayers as a result of the second wave of the Covid-19 pandemic across the country the Central Government has extended the deadline for claiming a tax deduction on a residential house investment until September 30. The period for investing in…

1BHK
What Do You Mean By 1BHK, 2BHK, 2.5BHK, 1RK

What Do You Mean By 1BHK, 2BHK, 2.5BHK, 1RK

1BHK

Aside from budget and location preferences, a home buyer must also decide on the property configuration – 1BHK, 2BHK, or 3BHK. Before that, one must first understand what a BHK is. What does a BHK stand for? BHK is an abbreviation for bedroom, hall, and kitchen. It is used to indicate the number of rooms…

TDS On Purchase Of Property
TDS On Purchase Of Property @ 1% Under Section 194IA

TDS On Purchase Of Property @ 1% Under Section 194IA

TDS On Purchase Of Property

If the purchase price of immovable property is Rs 50 lakhs or more, the purchaser must deduct tax at the time of payment to the seller. While a buyer must pay several taxes when purchasing a home, the seller must also pay taxes. Aside from capital gains tax, the seller must also pay TDS On…

Housing Market 2021
The Housing Market 2021: 7 Trends Buyers Can Expect

The Housing Market 2021: 7 Trends Buyers Can Expect

Housing Market 2021

After the Coronavirus pandemic, a lot has changed in India’s housing market in 2021. After weathering the storm in 2020, the sector appears set for a comeback. We list some of the factors that may influence how the Indian real estate market performs in 2021. Flat growth likely in property prices in big cities Since…

home loan EMI
Home Loan EMI How To Pay It Off If You lose Your Job Due To Pandemic?

Home Loan EMI How To Pay It Off If You lose Your Job Due To Pandemic?

home loan EMI

Home loan EMI how would a person pay it if they lose their job? well As the second wave of the Coronavirus pandemic takes massive proportions (India is currently reporting around four lakh new infections and more than 3,000 deaths on a daily basis), those who service long-term loans, such as home loans, have additional…

EMI
What is an EMI and how is it calculated?

What is an EMI and how is it calculated?

EMI

EMI: Rather than depleting your hard-earned savings, it is better to take out a loan to cover large financial expenses such as a wedding, home renovation, or any emergency expense. Applying for a loan from a bank or lending institution also allows you to repay it over time in regular installments known as equated monthly…

Carpet Area
What Is Carpet Area, Built-Up Area And Super Built-Up Area?

What Is Carpet Area, Built-Up Area And Super Built-Up Area?

Carpet Area

In today’s world, having any doubts about the concept of the carpet area could be extremely detrimental to a home buyer. Despite the numerous nitty-gritty details involved, it all boils down to the space that the buyer will acquire in exchange for money. This is why space calculations are the single most important determinant of…

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