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You need to know of a lot of things before buying a plot of land. This piece will answer most of your queries.
We take a look at five major cities in India where it is both affordable and wise to buy or rent a property today.
In India’s 70 years of independence, there have been several significant financial milestones. How well do you know them?
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.
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.
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.
Escrow Accounts have been used since time immemorial to safeguard asset transactions. Find out everything you need to know about it.
Taking legal opinion and help is important even when the property is funded through a home loan. Here are some compelling reasons for the same.