Land, since time immemorial, has been considered synonymous with power. The owners of the land were usually the ruling power and the landless lived a life of drudgery and turmoil. No wonder, when it comes to the acquisition of land, we have an inherent desire to own and bequeath the same.
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A Commencement Certificate is a document from the local municipal authority that proves the legitimacy of a real estate project and permits the developer to begin the construction of the project.
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Encumbrance refers to any legal or monetary dues that can impact the transferability of the property. The Encumbrance Certificate acts as an assurance that the property in question is free from any monetary and legal liabilities.
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Many working professionals and students prefer renting a shared accommodation over an independent space. While it may be economical, there are a plethora of other factors which require attention, particularly if it is your first time.
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If you have ever let out a property on rent or have lived in a rented accommodation, you must be well-versed with what is a rent agreement. But do you know why is it only for eleven months? Or why at all is it essential to have a rent agreement?
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A Real Estate Investment Trust (REIT) is a specialised company which releases its realty stocks and lets people invest in an income-producing real estate asset. REITs are approved by the Securities and Exchange Board of India (SEBI) and enable investment in real estate by pooling money from various investors across the country.
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Needless to say, the transparency that the Real Estate (Regulation and Development) Act (RERA) has infused in the primary market, has allowed the homebuyers to look forward to a simpler and risk-averse journey, sans variegated pitfalls.
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There are several factors to consider before buying a second home, to derive the maximum benefits on the investment, in the long run. We explain
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Buying a home early in ones career, has several advantages. We offer a list of dos and donts for young home seekers, to realise their dream of owning their own home
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While opting for a home loan, lenders will not sanction a loan for the entire cost of the house. Moreover, as per the RBIs directions, lenders are not allowed to take into account the stamp duty and registration charges, while computing the cost of the property.
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Pre-launch One of the most popular stages of real estate investment amongst investors was put in a backburner post the implementation of RERA. The scheme, however, seems to be regaining ground in the country, only with increased transparency and reduced risks.
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The second consecutive increase in the repo rate from 6.25 percent to 6.50 percent is anticipated to impact the real estate sector. Spiralling the cost of home loans, the move not only hampers the purchasing power of a homebuyer but slackens the realty growth, too.
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Looking for a perfect rental home can be challenging, and so can negotiating the rent amount be. Cutting down even a small percentage of the demanded rent can save you a lot of money. Here are a few tips that can go a long way when it comes to saving the rent by negotiating with your landlord.
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The real estate market of India has exhibited a remarkable transformation since the past 71 years of the country’s independence. There has been a conspicuous increase in the population residing in urban centres, and subsequently.
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The income tax laws provide certain benefits, with respect of to the rent paid by you for a residential accommodation occupied by you, in case you are a salaried person. You can claim House Rent Allowance (HRA) tax benefit under Section 10 (13A)
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A stylishly crafted chair, with an eye-catching colour and design, serves to create a unique style statement in a home’s décor. “An accent chair, can add a dash of glamour and elegance.
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Retrieving century-old land documents of an inherited ancestral property may turn into a daunting task in the absence of adequate information. Therefore, to claim your right over such a property, it is essential you have the enlisted details readily available.
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Do you know what governs the rentals of your home or how the government prevents a tenant from forceful eviction? The Rent Act, passed by the government in 1948, is aimed at regulating the variegated norms of tenancy and land ownership.
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From colour schemes to arrangement formulas, by following a few styling suggestions you can decorate your abode with throw pillows like a pro. Throw pillows, might appear just simple tools of home décor, but don't take them lightly. When used correctly they can elevate a house into a home the best way.
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The issue of transparency in secondary or resale real estate transactions, has indeed been on everyone’s minds, ever since the Real Estate (Regulation and Development) Act (RERA) stepped in, to rescue the primary or first sale-by-developer market. The question that looms large is – have the government’s moves to clean up the sector
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Technological advancements in recent years have had a major impact on nearly every industry, and real estate is no exception. As a matter of fact, the industry was one of the first few categories to embrace the digital way.
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Berlin: Residential property sales across India’s top seven cities have revived post demonetisation and have risen 25% in the first six months of the current calendar year, showed a joint report by realtors’ body CREDAI and JLL India.
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From colour schemes to arrangement formulas, by following a few styling suggestions you can decorate your abode with throw pillows like a pro. Throw pillows, might appear just simple tools of home decor, but dont take them lightly. When used correctly they can elevate a house into a home the best way.
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Take time to consider size, placement, style and practicality or function, to get the perfect floor lamp for your home's illumination needs. Floor lamp has been a great illuminating option for many and its convenience is unbeatable. These standing soldiers can be placed easily next to or behind chairs, sofas, tables or beds and most can even be used as task lights.
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Real estate activity in Greater Hyderabad Municipal Corporation (GHMC) and Hyderabad Metropolitan Development Authority (HMDA) limits has taken a hit due to Google not allowing developers and builders to utilize its maps.
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A home owner who is looking to rent out his/her property, can either advertise the vacancy online or in newspapers or even approach a broker. Likewise, a prospective tenant can search for options online or even approach an agent or the landlord directly. Nevertheless, both parties need to do some personal homework, before finalising a deal.
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Monsoon brings a freshness in the air, after the long and hot summer days. However, with the rains also comes the grey and dreary atmosphere, along with hassles like protecting the house from leaking walls, termite infestation, fungi.
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When it comes to living on rent versus living in one’s own home, people who advocate the former often argue that a rental home costs less, as compared to owning a home. Those who favour owning a house, cite the freedom that it offers. While owning a home is typically the dream of every Indian, sky-rocketing property prices in the recent past have led people to opt for renting.
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Ratan Kumar Singh, aged 32, currently has a home loan outstanding of Rs 50 lakhs with a remaining tenure of over 20 years. At a floating rate interest of 10%, he pays a monthly EMI of over Rs 48,000 on the loan. His monthly take-home salary is around Rs 1 lakh and he just received a bonus amount of Rs 5 lakhs.
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Buying a property is one of the most daunting tasks, especially when it is your first property. Be it residential or commercial, purchasing one may involve your lifes savings. Considering such hefty investment, developers offer various payment plans to make the real estate purchase easy, convenient and even possible for some. A flexi-payment plan is one of the most popular property payment plans.
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A benami property is one, where a property is purchased in the name of a person, who is not the real beneficiary. The person, in whose name the property is purchased, is known as a benamidar.
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Technology is increasingly playing an important role in the Indian real estate sector. Property technology, also known as ‘proptech’, made its presence felt in the Indian real estate market around 2005, when we saw the emergence of online real estate marketplaces
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The law of registration of documents is contained in the Indian Registration Act. This legislation provides for the registration of various documents, to ensure conservation of evidence, prevention of fraud and assurance of title.
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Hyderabad has witnessed a 30 per cent increase in the launch of residential units in the second quarter of calendar year 2018 (April-June) at 4,542 units, compared to 3,506 units recorded in the same quarter in the last calendar year, according to a latest report by PropTiger.com, a real estate portal.
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Leo is the generous and creative sign of the zodiac. If you are born under this sun sign, then, you would love to live in the wild and the wonderful, preferably in a castle. A majority of people belonging to this sun sign, desire to own a large house with lots of land and animals. Although popular perception is that you love to have people over, sometimes this is all a show. To you, the home is a place of comfort, recreation and transformation – a secret private retreat. Here are some home décor tips that align with your innate sun-sign’s traits.
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Bamboo flooring has become one of the most popular choices. Among many Moso bamboo is the commonly used variety for this flooring. The major sources of bamboo flooring products are China and other parts of Asia. Being a grass which grows much faster and reaches maturity in five years compared to trees, it turns into a highly renewable flooring option as well. If you havent' tried bamboo flooring yet, here are some of the advantages to know so that you must consider bamboo flooring.
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