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Buying a home in your hometown or in a big city: What makes financial sense?

The biggest common dilemma for most of the homebuyers is where to buy a home – in your hometown or a metro city. This article discusses the suitability of buying a home in either your hometown or the metro city you are employed in considering a better standard of living. On the contrary, it throws light on the cost of owning a house in a non-metro city which results in lower EMIs. It does not end there, there are other psychological reasons, tax considerations, the emergence of new work from home culture due to COVID-19, etc., which need to be critically examined before making a big purchase.

Author: Tomorrow Makers Editorial Team

Date: 8/1/2020

Proven investment strategies that can be considered for volatile market

The pandemic caused due to the outbreak of COVID-19 has caused a stir in the global economy. This has resulted in volatility for different investment avenues, thus leaving the investors confused on which investment stream to opt for. Due to such prevalent financial uncertainty, there calls for right understanding of the current market scenario to make right investments. Through this premium article, we take a look at some basic principles of investing that never go out of style, understand the investment products under Gold, Equity and Debt classes and analyse historical data to give you an understanding of proven investment strategies that will aid you ride this uncertain economic condition out.

Author: Tomorrow Makers Editorial Team

Date: 8/1/2020

Should you stick to the old tax regime or move to the new one?

Finance Minister Nirmala Sitharaman had announced a new regime for personal taxation while presenting the Union Budget. Minor changes have been effected in the tax brackets, and individual tax payers now have the option to continue with the existing tax structure or shift to the new slabs for FY 2020-21. With the new tax regimen, the central government has further sub-categorised income slabs, primarily for those declaring incomes between Rs 5 lakh and Rs 15 lakh. For many working professionals, it augurs well to take advantage of the various deductions and exemptions that can significantly reduce their taxable income. However, the new concessional tax regime that was announced in the Budget 2020 comes with a cost. Read this premium article and find out which one will benefit you.

Author: Tomorrow Makers Editorial Team

Date: 7/31/2020

An expert guide on how the price of a house is determined

Owning a house is considered a valuable asset for many individuals and is seen as a significant investment. With the steady rise of the real estate in India, and a vast population turning towards urban and semi-urban cities for professional reasons, owning a house has become a requirement, if not a necessity. Owning a house requires meticulous planning as there is a considerable financial investment. There are multiple factors that go in determining the cost of the house apart from the cost of construction and such factors are dependent on various aspects. In this guide, we take a look at all the possible factors that go in deciding the cost of a house and have simplified the information that helps you understand the nuances and assists you in making a sound financial decision.

Author: Tomorrow Makers Editorial Team

Date: 7/31/2020

RERA Act 2016: What are my rights as a homebuyer?

RERA or Real Estate (Regulation and Development) Act, 2016 aims at protecting the rights of the home purchasers as well as aids in boosting the real estate investments. The bill of this Parliament of India Act was passed by Rajya Sabha on 10 March 2016. The RERA Act was effective on and from 1 May 2016. During this time, out of 92 sections, 52 were notified. All the other provisions were effective on and from 1 May 2017. RERA assures transparency and fast disposal of projects in real estate sector. RERA Act has led to the creation of a legit system wherein issues such as quality of the projects, delays in projects, pricing of the property, etc. can be dealt with transparency. Read on to understand the rights of a homebuyer under RERA Act.

Author: Tomorrow Makers Editorial Team

Date: 7/31/2020

How Revenue Deficit and Fiscal Deficit Impact the Economy?

For the welfare of its citizens and for the purpose of meeting various expenses, governments across countries incurs a lot of expenditure. While there are various types of deficits, the most important types of deficit are Revenue Deficit and Fiscal Deficit. On one hand, Revenue Deficit is the extra amount spent as revenue expenditure by the government as compared to its total revenue receipts while on the other hand Fiscal Deficit is the excess amount of total expenditure (Capital + Revenue) incurred as compared to its total receipts (Capital + Revenue). This premium article intends to simplify these two types of deficit and portray how Fiscal Deficit acts as the most crucial macroeconomic indicator of a nation's economic well-being.

Author: Tomorrow Makers Editorial Team

Date: 7/31/2020