Real Estate
Tips from a Real Estate Agents’ Conference
I attended a Real Estate Conference on the 18th and there were a variety of speakers. It was a great experience. There were a number of dignitaries giving their views. Mr.Niranjan Hiranandani, who told the audience that there were a lot of changes coming in the near...
Boost to housing?
In an apparent bid to give a boost to housing, the government recently reduced GST on unfinished flats from 8% to 5% for all flats and to 1% for the affordable housing segment. This move was advertised by the government as the one shove that is going to spur demand in...
Shares – Risks Involved
There are risks associated with all forms of investing. The trick is to understand the risks involved in depth. Let’s say, 1000 shares of Tata Power were bought – it is one’s first investment in the share market. It’s a good company with a long history of profits and...
Basics of buying a house
I was talking to one of Navi Mumbai’s reputed builders and he was telling me about a time when he sold a flat in an under construction project. The deal was registered and the builder issued a ‘Mortgage NOC’ as the buyer wanted to take a loan. The Mortgage NOC is a...
Bankruptcy Act and Real Estate
Wish you a Happy Diwali and a Happy, Healthy and Prosperous New Year Just a short while ago, the government passed the Bankcruptcy Act. Now, the banks or the companies themselves can declare themselves bankrupt and seek the help of the courts to resolve the situation....
Real Estate Regulatory Act – RERA
Now that RERA has kicked in and all ongoing projects are supposed to be fully RERA compliant, I wanted to point out a few points on the importance of the website to anyone who has invested or wants to invest in a flat. This is mainly for people who have booked...
RERA effect – Pay the full amount in advance …………….
Most of my friends are getting letters from builders asking them to pay up the full amount. The logic being that if they pay up now, they have to pay service tax at 4.5% and VAT at 1% - a total of 5.5%. However, if they wait upto the 1st of July, then GST comes into...
RERA effect – Register your flat immediately or else…..
I am writing this because of a large number of calls that I am receiving on this topic. These answers are correct for the state of Maharashtra, but I am not sure about other states. People are getting letters from the builders saying “Register your flat immediately,...
Budget and Real Estate
Here are some of the benefits to the real estate sector in the 2017 budget and the effect. Holding period reduced to 2 years to avail of Long Term capital gains. In our opinion, real estate is one of the best investments to build long term wealth. If you have a kid,...
Home Loans
The RBI has mandated that banks should base the interest rates of the home loans that they give on MCLR (Marginal cost of funds lending rate) as against the PLR (Prime Lending Rate) which they used to base it on earlier. They have changed over for the loans that they...
Real Estate Investing – A Primer
Sometime back, whilst corresponding with a batchmate of mine, I asked him if he had invested in real estate. He is one of those lucky ones who own ancestral property and did not need to buy a house to live in. His answer surprised me ‘I never had a need to...
Home Loans and Interest Rates
This is for those who have taken a home loan from HDFC. It may be applicable to loans from other institutions, but I’m not sure. If you have taken a loan a couple of years back, your interest rate should be around 10.45 – 11%. Now it has come down to around 9.85%. One...
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