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…
The completion certificate: What are they?
2021-07-28T12:10:00+05:30A 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…
The Commencement certificate: what are they?
2021-07-28T11:42:16+05:30A 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…
Rent vs Lease: What Is The Difference?
2021-07-26T12:26:17+05:30Although 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…
Investments in real estate offer good returns
2021-07-24T12:12:18+05:30Investments in real estate: Since 2010, the real estate industry has changed dramatically, particularly in areas such as Pune, Bengaluru, Hyderabad, and Delhi-NCR. However, due to a lack of sufficient land banks and high costs, these cities are approaching saturation. As a result, many emerging towns are expected to become popular tourist destinations in the…
The real estate industry drifts towards more profitable ventures
2021-07-24T11:47:20+05:30Homebuyers are increasingly purchasing/investing in the real estate industry for smaller houses, and these have become very popular as a ticket size. For a long time, smaller apartment sizes have been gaining popularity, and this can be seen as a continuation of the old storey that most of us have grown up with. More than…
Real estate prices in India affected by resurgent Coronavirus?
2021-07-22T11:27:53+05:30The second wave of coronavirus caused chaos on real estate prices in India. Few could have predicted that Covid-19 would return with such a drastic change and kill so many people. Businesses are bearing immense and unimaginable losses as a result of the lockdown imposed in many states and districts. Realty prices may see upward…
Why Rental Properties Are Still A Profitable Business
2021-07-21T11:15:30+05:30For the time being, Rental Properties appears to be recovering, and people are working hard to put 2020 behind them. Last year, the real estate industry was just one of many that were unprepared. It may appear that the industry will continue to decline. On the contrary, sellers may still be able to sell their…
Investment in Real Estate: A Beginner’s Guide
2021-07-20T11:51:44+05:30Investment in Real Estate: Young adults who are thorough and plan a budget may be able to purchase their own home. Being a country driven by aspirations, whether pandemic or not, owning a home has always been a top priority for Indians. Indians are known to be security-conscious by nature, which makes real estate an…
Long-term investment in real estate should be your first choice
2021-07-19T14:14:10+05:30Long-term investment in real estate: The Indian real estate market has started to rebound since hitting rock bottom in recent quarters. We think about saving and finding new ways to multiply our income and wealth whenever we consider the future. Fixed deposits, mutual funds, gold, the stock market, and venture capital are some of the…
Six financial ratios to consider before buying a property
2021-07-19T13:24:22+05:30Financial 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…
Homebuyers Changing Imperatives Accelerates Developers Innovations
2021-07-01T10:54:38+05:30The residential homebuyers segment is changing dramatically as a result of the pandemic. Today, a home is more than just a place to live; it is also a place to work, learn, and play. Factors influencing homebuying decisions are changing, with attributes such as access to green space, flexible design, environmentally sustainable development, and so…
TDS On Purchase Of Property @ 1% Under Section 194IA
2021-06-18T12:25:12+05:30If 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 Recovery: Where, When, And How?
2021-06-16T11:41:48+05:30After the second Covid-19 wave, India’s housing market has recovered, stretching the healthcare infrastructure far beyond its capacity, not only in major cities but also in rural areas. Even the most developed nations, including the United States, would have crumbled in the face of such ferocity. Despite the ongoing restrictions, the majority of state governments…
Budget Home Key To Upping The Commit For Real Estate
2021-06-15T11:45:24+05:30Budget Home In recent years, Budget Home buyers in real estate have been seen adapting to changing homebuyer preferences in order to accommodate new market realities. The reason for this is that actual buyers’ mindsets have shifted toward more living space and a better lifestyle while staying within their budgets. More and more people are…