Category: Real Estate
Impact of corona virus has been hazardous. China was widely COVID positive in December 2019, India was positive by March 2020. That is when the Prime minister announced nationwide lockdown. However, the lockdown was an effective decision without a doubt, if we consider the aspect of the health of the people, but it affected numerous businesses, jobs, etc. Covid-19 has a serious impact on the real estate business. This crisis is the third, in real estate post Demonetization and Real estate act, 2016. Aspects of real estate affected due to the…
When you take a home loan for your dream home, you end up paying an interest and the loan amount. The interest is calculated by an interest rate charged on the loan amount. You repay the loan amount and interest in equal monthly installments. Home loan interest rates can be floating and fixed depending on the banks. They are charged according to the loan amount. EMI depends on the following factors:- Higher the loan amount, higher is the EMI. Lower the home loan interest rates, lower the EMI The maximum tenure…
Loans for home and land may seem to be the same since both are part of real estate. But in financial terms, home loan and land loan differ in a few major areas. Banks and Non-banking financial institutions (NBFCs) provide both loans. Also, despite certain differences, the rules for processing the loans are exactly the same. Let us look at the differences now; Purpose of the property: Home loans can be availed for houses that are ready to sale, under-construction, or approved for construction in the future. Such loans are given…
The Haryana Government sets the circle rates in Gurgaon through the registrar or sub-registrar office. It states the minimum amount for purchase or registration of properties. Stamp and registration charges have to be paid according to the Circle rates or the transaction value, whichever is higher. If you want to avail loan against property, you need to know about the circle rate of your property. Factors that influence circle rates in Gurgaon: The market value of the region and the services available in that region. Market value is the actual value…
We all want to buy our dream house someday. Maybe, you want to invest in a commercial space for your business. Or maybe you want to just invest in real estate. There can be various reasons for the millennial to venture into the real estate sector as a customer/investor. After all, real estate gives us a sense of security and comfort. However, the real estate sector is vast and tricky. We do not know everything about purchasing a property. Only a handful of us is aware of the property documents required…
Real Estate sector is a pillar of Indian economy. GST, also known as Goods and Service Tax, includes Central GST, State GST and Integrated GST. Previously, there were various modes of taxes like VAT, Sales tax, etc. levied on the properties. However, now the Government has decided to fix a single rate GST on properties. We buy and invest in properties; however we are still unaware of GST on real estate sector. Who pays the GST on real estate sector? The buyer and the investor who invests in under-construction properties…
COVID-19 has created an unprecedented challenge for the world. The Economy of all the countries have been highly impacted and the effect is visible in almost every sector. Real Estate is no exception to this. It contributed near to 7% of Indian GDP and had almost 15% of labor employed in it. More than 250 small and big industries get less or more affected by the changes that happen in Real Estate. Therefore, we need to understand what could be the situation of Real Estate Post COVID 19. So, here, firstly…