By Abhay Shah, Realty Quarter Property is one of India’s oldest investment avenues that existed prior to the advent of various financial products such as direct equity and mutual funds. People who invest in commercial properties do so either for their own use or for the purpose of letting them out. Tax under commercial […]
By Abhay Shah, Realty Quarter Emitting for the assurance of having the regulatory approval for merger with Lakshmi Vilas Bank in two months and the combined company to be functional by next March, Indiabulls Housing Finance on Tuesday said it would become an SME-focused bank if the merger passed. Also, promoters leaving the real estate […]
By Abhay Shah, Realty Quarter The real estate investment trust (REIT) created by Piramal Fund Management said its tenure will be extended by one year, delaying exits, due to six projects worth about Rs 562 crore getting stuck. Scheme V of the Indiareit fund started in 2013 with a primary term of six-years, which can be extended […]
By Abhay Shah, Realty Quarter The National Consumer Disputes Redressal Commission (NCDRC) has said that developers should repay money for delayed projects with interests at the rate at which the nationalized bank such as SBI provides home loans during the era concerned, in order to guarantee that homebuyers retrieve their cash, including interest on house loans. The […]
By- Mr Neh Srivastava Under Secretary, Ministry of Home Affairs and President, CSSOS With elections done and dusted, the Central Board of Indirect Taxes and Customs (CBIC) is moving ahead with its plan to implement its 12 per cent GST order on balance amount due to the builders. As per the order, Home buyers who have been granted completion […]
By Abhay Shah, Realty Quarter It is essential for you to have enough funds available when you purchase a property or book property. These liquid assets may be held in the form of Bank Balance or Investments in Stocks or Mutual Funds. If you don’t have liquidity when you purchase the property, you should be […]
By Abhay Shah, Realty Quarter In the event that you are an employee, the income tax regulations provide certain advantages in regard to rent paid by you for your housing. Under Section 10 (13A) you can request tax advantage for the House Rent Allowance (HRA) only when you are receiving HRA from your employer and […]
By Abhay Harish Shah, Realty Quarter Housing Finance companies (HFCs) are companies which are licensed to provide house loans under the NHB’s rules by the National Housing Board (NHB). On the other side, The Reserve Bank of India (RBI) regulates banks. New house buyers are often in a difficult situation to decide whether to apply for […]
By Abhay Harish Shah, Realty Quarter For the third time this year, the real estate sector has welcomed RBI’s decision to lower interest rates by 25 basis points. It is expected to lead to a decrease in home loan EMIs and increase affordability for homebuyers. The main challenge, however, is for RBI to ensure that the […]
By Abhay Harish Shah, Realty Quarter On Tuesday the Dewan Housing Finance Ltd (DHFL) was supposed to pay the outstanding bonds but, the deadline is passed and the payment is still on due. DHFL has got 7 days grace period later. The company is in discussion with financiers who can help to meet its Rs.1,000 […]
