Legal Guidance
-
Ways to Evaluate Assurances and Buy Back Guarantees
Due to the constant lag period in the economy, it has also put an adverse effect on the real estate sector where the real estate market has come to a standstill for a while. So to revive it and increase the sales, developers come with different offers to attract the buyer. But the buyer should be aware of all these offers as certain offers may tend to sound loud but at the end, after every calcula...
LEGAL GUIDANCE -
Starting Next Year, Pledge your PF to Buy Affordable Homes
It is every working person’s dream to buy a house of his own at some point in his life. The time required arranging the required funds in order to purchase a property delays this particular dream in most cases. However, there has been a good news in this regard to potential home buyers. In order to help the home buyers raise necessary funds and repay loans for purchasing properties, the Employee...
LEGAL GUIDANCE -
Ways to Improve Your Credit Score
A good credit score is important for getting home loans approved. Loan buyers can get their credit score report, before applying for any loan, through any of the four credit bureaus- CIBIL, Experian, Equifax or Crif High Mark. Credit score anywhere between 750 - 900 is considered as excellent score, whereas if the score is less than 675 then the buyer has to improve the score before applying for a...
LEGAL GUIDANCE -
Consider the Needs of Children before Buying a House
A buyer whether young or old, married or unmarried, has children or not at the moment, must consider the needs of children before buying a house. More than parents, it is children that spend more time at home and it is wise to buy a house that caters to their needs and fulfill their requirements. The house should also meet the requirements of their future. Everything that a family does revolve aro...
LEGAL GUIDANCE -
Know why is Holding Period Important to Claim Tax Benefits on Property
What is the right time to sell your property to make maximum profits out of it? How can you take advantage of various tax benefits by selling your property? Let us look at some of the income tax implications pertaining to capital gains with respect to the holding period. As per the Income Tax Act, tax to be levied upon the capital gains earned by selling the property depends on the property’s...
LEGAL GUIDANCE -
6 Ways in Which You May Become a Victim of Property Fraud
They say Ignorance is bliss. However unaware of certain prospects may result into heavy monetary losses for you, especially in the case of real estate market. Several scamsters are waiting out there to exploit your ignorance about the system. Before investing your hard earned money in any real estate deal, you must have a thorough understanding of various things on how the market works in order to...
LEGAL GUIDANCE -
Suggestions to search a Good Property Management Firm
Investment homeowner who are planning to hire a management firm will find that they have a lot of choices. The majority of these companies will promote the same advantages and benefits they use to their clients, consisting of finding the very best possible tenants and getting the very best roi. What can a property owner do to ensure they are hiring the best possible firm? For beginners, it wou...
LEGAL GUIDANCE -
What can a Buyer Do if the Project has been Delayed for Months?
Buying a house is a dream that most of us have. But the dream takes a sour turn if the property project is delayed for months and eventually years. The burden of paying EMI and home rent together for more than the anticipated time period often causes stress and is bad for the general psychological health. There can be many reasons for the project to be delayed like an internal conflict of the deve...
LEGAL GUIDANCE -
Significant Details that Should Be Mentioned in Property Papers
Creating a property document is a very significant task and careful attention should be given to few details. Any mistake in property documents can cause a lot of hassle. We have the list of details that should be given proper attention: Name on the document Name is the very important part of the document and shall contain the name of both the buyer and the seller. Their names must be cross...
LEGAL GUIDANCE -
Everything You Should Know About the Married Women Property Act
The Married Women Property Act, 1874, is to safeguard the women’s property and savings. If a husband takes a loan from the bank but fails to make repayment through the set monthly EMIs, then the banks are free to sell his property to recover their money. His wife’s property cannot be attached to the bank in the process because of the above law. The main reason behind this law was to make su...
LEGAL GUIDANCE
