When it comes to buying a home, finance is one of the most important determinants and most of the other concerns revolve around it. Because purchases of property are often a once in life decision, your funds need to be properly assessed. One must now use its savings and also choose a home loan to […]
Five principles to follow while buying a new house.more
The real estate industry has urged the government to lower the interest rate on home loans to 7% and to raise the deduction of income tax on interest paid on housing loans to Rs 5 lakh to help revive demand after home sales rose by just 1% in 2019. The industry body National Real Estate […]
Authority demands reduction of interest rate on home loans.more
By Abhay Shah, Realty Quarter As the property market is reckless, selling a residential apartment can be difficult. But certain factors like location, apartment design, and public transport can influence people to buy a property. This all factors are generally considered by a buyer, but the only factor which can ruin the deal is the […]
Want to sell property along with your pending Home Loan? Here is everything you can find to sell a property with an ongoing home loan.more
By Abhay Shah, Realty Quarter There are many instances where an individual purchasing a house for the first time are surprised to see how many forms are there to mess up a house purchase. The basic step is people would get there pre-approval, finalised a house they loved and made an offer. But to settle […]
Important Things to Avoid Before Purchasing a House.more
By Abhay Shah, Realty Quarter It’s not the simplest task to buy an ideal house. Some may wait for the perfect deal to come up while others may even spend a lifetime waiting to build or purchase the right home, but it may never happen. It’s certainly one of the greatest purchases in your lifetime, so you’d […]
Want to buy a House? Here is the complete guide and checklist for buying a House.more
By Abhay Shah, Realty Quarter Recently, the Mumbai Bench Income Tax Appellate Tribunal’s (ITAT) held that the investment-linked capital gains tax exemption available on the purchase of a new house cannot be refused simply because the taxpayer used a home loan instead of his old house’s sale proceeds. Under the Income Tax (I-T) Act, capital gains […]
ITAT declares tax exemption available for capital gains even if loan used for a new house.more
By Abhay Shah, Realty Quarter The Indian real estate market provides non-resident Indians (NRIs) a profitable investment opportunity. NRIs are also permitted to purchase property in India, through home loans, just like residents of India. But for NRIs and resident Indians, the rules on home loans are not the same. Therefore, key distinctions are essential […]
Important things to know by NRIs before taking a home loan in India.more
By Abhay Shah, Realty Quarter The Finance Minister has proposed a tax benefit of Rs.1.5 lakhs in regard of the home loan made for the purchase of an affordable house up to the value of Rs.45 lakhs subject to certain circumstances in order to give impetus to the ‘Housing for All’ mission by 2022. For […]
Union budget 2019 announces additional tax benefit of Rs 1.5 lakhs on Home loans.more By Abhay Shah, Realty Quarter There was no proposal from the government to increase the amount provided under the Pradhan Mantri Awas Yojana (PMAY), Narendra Singh Tomar (Minister for rural development, reported the Rajya Sabha on 28 June 2019. “We lately restructured this system, and we supply Rs.1.5 lakhs to build each house. No suggestion […]
Eligibility criteria to get PMAY interest subsidy on Home Loans.more
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 […]
Why an individual should get a credit report before purchasing a property?more