During the time Rahul remained invested in his property, the stock markets also reached new highs. Now the returns from stock market are much higher than the returns from property. Besides the holding period for stocks is just 1 year after which long term capital gains tax sets in. Rahul lost this opportunity to earn… Read More »
If Sunil works in Mumbai and has a purchased a home in Mumbai for which he has taken home loan. Will he still get benefit under the Act for this second home in Nagpur? The answer is ‘Yes’. Benefits under Section 80C and Section 24(b) can be taken for more than one home if all… Read More »
If you are buying a second house for investment purposes, then its location is crucial for capital appreciation. Be it for rental purposes or leasing out or a possible resale, the location of your second house is very important from this standpoint. Investing in a second house that is on a prime location or at… Read More »
A bank cannot issue a notice to the defaulter until the account of the borrower becomes a non-performing asset, which takes 90 days. To enable recovery of funds lent Banks need to invoke SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests) Act. This again has a notice period of 60 days.
Buying a property is hardly an easy decision to make. It is the single largest asset investment which will have a financial impact for the next whole decade and perhaps for much more time. So it is best to be cent percent sure of your investment from a legal perspective so that you shield yourself… Read More »
Remember that to build additional rooms, plan a terrace etc. you need to get the approval of corporation authorities and other construction regulatory bodies. You can avail tax benefits under Section 24 for obtaining a home loan for renovating your existing home.
A top-up loan basically allows you to avail a loan amount on the value of the property of the home you are paying a home loan for. You can avail a maximum top-up loan of about 60% of the property’s market value. The usual loan tenure is about 10 years and is offered only a… Read More »
Home-loan disbursements have picked up as interest rates are under check. RBI is also taking steps to bring in the revival in the real estate sector. RBI has already stated that the current customers should be offered an alternative between continuing with their old home loan rates or move to new rates decided by the… Read More »
Till recently senior citizens of India did not have a way to liquidate their most significant and largest asset the house but now people like the Kumars can take a lump amount as a loan by pledging their home. They can also opt for this amount on a periodic basis…monthly, quarterly etc. They will never… Read More »
Suresh’s real estate agent informed him that a property under construction will cost him lesser than an apartment that is ready for him to move in. So, he encouraged Suresh to consider purchasing a home under construction by the builder. This is because Suresh is not in an urgent need to move into a new… Read More »