Real Estate News
-
Things that You should Know about Joint Property after Divorce
Buying your dream home with your spouse is one of the happiest moments in everyone’s life. Life changes the moment you decide to take a path in the direction of having a family. The joyous moment is the one when you choose to buy your home as a joint property with your spouse. So, you start looking for the best property for you, cut down on unnecessary expenses to make savings for down payment, start browsing home loan options and all set to have your own sweet home. Then in no time, you moved to your house, and you live happily ever after. Well, unfortunately, this is not true for all cases. All couples do not cope well in their lives, and...
-
How to know about the Property Worth? Know The Rental Supply of Area
Want to know your property’s worth? Knowing the rental value of your property and rental supply of your locality can be clues for the estimated worth of your property. Here are few assessing points for you to know. Check the rental value Recently, transactions have shown slow pace with slight dwindle in micro-market. Knowing the rental value is a smart way to see the property price in your area. If the rental value of your property is high in your locality, then it suggests the property price is ultimately high. If you are looking for investment in renting the property, then this could be a good indicator. Supply assessment ...
-
Survey Reveals: Resale homes More Preferred by Home buyers. Need for Streamlining Secondary Market
Recent survey byGrant Thornton, FICCI and Escrowffrr, on the topic“Improving Transparency in Secondary Real Estate Market” revealed that nearly 90 per cent of the home buyers prefer resale homes over newly built or under-construction projects. However, they also declared that the government has to step in to regulate the market. Micromanaging the report, 47 per cent of the participants in the survey want that the government to streamline the overall secondary real estate market; this will avoid the payment of huge stamp duty charges and other taxes involved, with the compulsion of escrow mechanism. While about 40 percent of the participan...
-
Know about When and How to File a complaint Under RERA
Real Estate sector in India has always been a grey area. With an introduction and implementation of Real Estate (Regulation and Development) Act (RERA), home buyers have been optimistic in their approach thinking that the law is in their interest now. Does that mean RERA has made aggrieved home buyers’ easier in terms of filing complaint against errant developers and builders? Things That you must Know Complaints can be filed against promoters, or allottees and/or real estate agents under Section 31 of the Real Estate (Regulation and Development) Act, 2016. You can approach either with the Real Estate Regulatory Authority or an adju...
-
How to Avoid Construction Delays Due to Act of God
Most of the home buyers want to invest in newly built or projects under construction as these are comparatively cheaper than resale or ready-to-move ones. Circumstances may not prevail that you get the possession of the house as promised. Developers may come across various reasons to delay possession, which could be frustrating for home buyers. Buyers seldom read agreements and clauses while signing the contract to buy homes. Most of the time developers give force majeure (Act of God)reasons to win legal battles, taking advantage of the situation. The act of God Clause in Real Estate The term ‘force majeure’ (French translated term)...
-
New or Resale, Which One is Better? Consider New Construction Over Resale Property
Planning to buy your home? You would have prepared your checklist for the requirements in your home. The question may arise whether to go for new construction or prefer a resale. This could be tricky. The choice may depend on your lifestyle, budget as well as efficiencies regarding energy. Here are some facts that may ease your dilemma Sometimes home buyers prefer resale homes over new construction even though the property may need renovation. This could be due to locality and accessibility, unlike new constructions which are unavailable in certain areas mostly. However, know some advantages of buying a new construction over resale ones....
-
Know the Benefits of Buying a Home in Your Wife’s Name
Women now play a significant role in real estate investment whether single or married. Almost 30 per cent of the contribution to real estate investment in urban areas comes from women investors. Several states are now encouraging real estate benefits to women for their empowerment. So if you are planning to buy your new home, consider to buy it in your wife’s name either as a sole owner or as a joint owner. The most common benefit is the tax exemption for women. Here are the details that you should know before you make your decision of ownership. Tax benefits for women: Women get an extra tax benefit with a deduction on interest up...
-
Is Investing all Your Money in Real Estate Good?
Money management is not everyone’s cup of tea. You may feel that investing your money in stocks might be worth taking a chance, while others may consider real estate to be the best for the return on investment. Besides, real estate investment is relatively easy and safe. However, the question is how much you should invest. Two things that you must consider about real estate investment is that it is immovable and it is a long-term investment. With time, property value increases. One thing you should keep in mind that property is not considered as liquid property because it is challenging to get the benefit of selling in short duration. ...
-
Bought Property in Wife’s Name? Husband can Retain Ownership
Earlier, the husband could have no claim over property purchased in the name of the wife as the property may be considered as ‘Benami’ property as per The Benami Transactions (Prohibition) Act, 1988. This Act was in place to prohibit certain types monetary transactions. And any person getting into such sales are liable to get into prosecution. This applies to both movable and immovable properties. The Act did not prohibit selling the property to the third person. In a recent hearing, Delhi High Court ruled it out. Now, the husband can retain ownership even though the property is purchased in Wife’s name. The HC agreed with the husb...
-
White Boxing Strategy to Sell Off the Properties Quickly
When a seller or a broker set to sell a property, they make sure everything is in order and well layout to appeal to the potential buyer. From well-lit room to well placed mats on the tables, nothing is out of place that can catch the buyers eye and give him a negative impact of the property. Though some buyers nowadays do not like the way the sellers and brokers present the property. They want to see it the way it is without any added glam up. The sellers in the west have come up with an ultimate solution for it. The method is called white boxing. What is white boxing? In simple words, white boxing is a complete opposite of the home s...
