Real Estate News
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Budget 2019 Proposal to Give A Boost to the Real Estate Industry
Last year has been good for the real estate industry in the country. The emergence of REITs and new government rules boosted the real estate industry. The lower interest rates offered by the banks at the beginning of the year caught attention from the prospective buyers. The buyer took advantage of the lower interest rates, and the RERA rules further fueled the interest. This year’s budget is, even more, promising for the real estate industry. The budget proposed the extension of Section 80-IB benefits by another year. The government will continue to aid and push the affordable housing segment which aims at providing housing for all by t...
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Everything You need to Know about Partial Occupancy Certificate
Under construction properties often attract home buyers because of the relatively low cost of the property than it would be priced at after the completion. The builders are also offering the buyers the partial occupancy that will give them the right to move into their apartment as soon as the construction of the particular unit is finished. However, there are many things about partial occupancy certificate that buyer must know about. We discuss them here: The builders generally build the project in phases. Like for example, the entire project is divided into five stages. The builder will not receive the completion certificate or oc...
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Important Factors to be Considered in the Costs before Starting the House Renovation
When planning the renovation of the house, you are prepared with the right budget that you have analysed keeping all the major factors in mind. From the cost of wallpaper to the value of labour per day, the detailed budget has been set by you. To add the cherry on top, the bank has agreed to give you the desired loan for the renovation of the house. You plan to stick to the budget while doing the renovation. But some small expenses must be factored in before starting the renovation. These expenses might look small, but they can cost you a lot if they are not correctly factored in. We discuss the costs under: Permissions If you live in ca...
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Avoid doing these if You are a Potential Home Buyer
People often discuss what one should do while preparing to buy a house. Owning the property that meets your needs and requirements needs a lot of careful planning and focus. However, we often do not realise the things one shouldn’t do when preparing to buy a house. We list down the things a potential buyer should not do: Avoid taking rushed decisions Metro life often feels quite appealing to individuals. But the stress that comes with metro life is not often discussed. To unwind, people often indulge in retail therapy. Often people get caught in the peer pressure of buying a house. If you are one of those who are buying a home out of...
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Why Non- Metro Cities are Preferred Choice for Investment for NRIs
Real estate in India has been a gold mine for the NRI investors. With better returns than mutual funds and other investment options, NRI always seeks for the best options to invest in India real estate market. A recent study, Indian brand going global, carried by the KPMG and Google stated the non-resident Indians are the primary source of revenue for India. The NRI investors from UAE contribute 20 percent, from the United Kingdom contribute 7 percent, and from the United States of America contribute to 18 percent while the investors from Canada contribute to about 8 percent to the economy. Until now the metro cities were the primar...
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Take a Financial Break after Purchasing a House
Being a home owner is a matter or proud. Unlike the previous generation, young people today are able to purchase a house with the help of banks and financial institutes and do not have to wait years and years to save the money for buying the home. The monthly EMIs seem nothing in comparison to the happiness of owning your own home. But one cannot overlook the enormous investment that one has made recently. There are some don’ts that every buyer should follow after purchasing a property. Buying furniture When you buy a house, it comes without a doubt that you will have to buy new furniture as well to match the home and the interiors...
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Real Estate Welcomes Budget 2019 with Open Arms
The interim budget 2019-20, presented on February 1st, announced a range of benefits for both the buyers and developers. The recent announcements have been well received by the buyers, and the developers and the hopes that the real estate industry will get revived and the slowdown will pick up the much needed speed. The recent measures proposed by the government in this year’s budget are: For the notional rent on the unsold inventory, the exemption on the levy tax has been increased from one year to two years from the end of the year in which the project has been completed. The profits and gains that have been derived from the affor...
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Real Estate Popular Investment Asset
The individual wealth of the Indian population is growing and so is the buying capacity. Safe to say more people are now looking for areas to invest their money for better returns in future. Not only mutual funds and fixed deposits but also REITs and real estate are the preferred areas of investment now. According to the India Wealth Report 2018 released by Karvy Private Wealth, the financial year ’18 say the 14 percent rise in individual wealth with it standing at Rs 392 lakh crore against the financial year ’17 where the individual wealth was Rs 344 lakh crore. The report suggests that the financial asset contributes to Rs 236 la...
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How to Save Money while Doing a Renovation
Even though renovating a house is an expensive affair, it seems to be exciting for a lot of us. You are having new fittings, wallpapers, furniture or even changing the layout of the house. No matter how much thinking and consideration you might have put, it will never go as planned. Here are some tips to save money while renovating: Solid plan The first step is to make sure which parts of the house need the renovation. It is better to personally look for the options available in the market for the things you need to renovate. If the furniture of the house needs changing, then it is better to look for them in multiple outlets. You never...
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How to Find the Structural Defects in the House
Improper construction and design can lead to structural defects in the building. The most commonly seen structural problems are water seepage, wall plaster chipping, cracks on the walls and the floor. These can affect the cost and the overall health of the property as well. Here are a few ways through which one can find out the structural defects in the house: Weak foundation The basis of a strong building is a sturdy foundation. If there is a fault in the foundation, then it may cause problems. There are multiple signs of poor foundation like difficulty in closing doors and windows. The crumbling of concrete of its flaking is another ...
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