Real Estate News
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Top 10 Must Know RERA Rules
Back in March 2016, Central Government came up with a proposed bill with an aim to protect home buyers and help boost the investments in the country’s real estate sector. The Government proposed several regulations through the said bill which together came to be known as the Real Estate (Regulation and Development) Act, 2016 (RERA). In order to make RERA more robust and secure, the union government on Monday notified certain rules to implement the said Act. The new set of rules aims to make the RERA Act more transparent thereby making the real estate sector accountable and reliable. Moreover, the new provisions in the RERA Act will act as a...
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Which is a Better Investment Real Estate, Market or Gold?
Often buyers are confused whether to invest their savings in a stock market or real estate or gold. Each of them has their own pros and cons and each of them is unique investment on their own way. When investing money the main focus is whether you are planning to get a regular return from it or you are looking at it as a long term investment. If you are planning to get a regular return then buying an office space or a small apartment for renting is a better option. But if you are planning it as a long term investment and self use than it is better to invest in a piece of land or a property for your own use. It all comes down to how the inv...
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Real Estate Act Needed to Regulate the Builders and Authorities
The Real Estate Act has come into force in 2016 after being in oblivion for 8 years. The bill was passed by Rajya Sabha on March 10 and by Lok Sabha on March 15 and already have 62, of the total 92 section of the act, in force. No wonder, doubts regarding the efficacy of the acts have arisen. It is too early to hope that this law will regulate all the ills and wrong practices of the real estate market and provide relief to the buyers. Buyers around the country have a lot to tell about the irregularities, fake promises, cheating, and poor construction quality by the developer. According to the recent reports, most of the construction projec...
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GST the New Revolution in the Real Estate Market
Real estate has shown constant and consistent growth in our country. So there is a constant need of making new laws and amendments for revival and development of the economy. It not only gives benefits to people of the nation but also gives a positive push to the economy for moving forward. Application of GST in real estate sector will bring a positive change. GST stands for goods and service tax which is a kind of comprehensive indirect tax to be levied on the manufacture, sale, and consumption of the goods as well as services at the national level. It will be replaced by all the indirect taxes on goods and services levied by the Indian gove...
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What is Artificial Appreciation in Real Estate
While it is a popular belief that investments done in real estate bring a handsome amount of returns to the investors, the situation has however changed in the last couple of years. The general practice witnessed in real estate investments is that investors usually wait for a steady appreciation in their property before eventually selling it to gain huge profits. However, since the last couple of years investors have been witnessing a whole new issue even after seeing a considerable appreciation in their invested properties. For starters, due to the very high property rates put forth by sellers, there are very few or no takers for buying prop...
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Buyer’s Guide to Investing in Real Estate
Investing in real estate is a precarious thing. It needs careful considerations of finances and research so the money does not go to waste. From taking a loan from the bank to moving in, every task needs to be carried out with caution. Finance: Set your budget before going out to look for property. It is a necessary step. Banks generally give up to 80 percent of the loan amount for the property and rest 20 percent should be paid from the buyer’s own saving. Make sure that your EMI is not higher than 40 percent of your total monthly income. Research: After setting the budget, research on the locality which meets your requirements...
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Dominating Factors Which Affect Your Property Purchase Plan
Doing anything in life has its own advantages and disadvantages. So here it’s no way different when it comes to buying a house property. It’s necessary for the person who purchases the property to takes steps in planned and channelized manner so that it proves to be beneficial even for the present as well as the future time to come and if any smallest mistake made can ruin the entire property purchase plans. So let us further understand some crucial points which could help to make the process of property purchase easy and risk free. Affordability It’s necessary to buy property as per your budget and capacity as it does not make...
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Everything about the Hidden Costs While Buying a Property
Buying a new house is every person’s dream. For most people, it is a once in a lifetime investment. Therefore, people try to push their boundaries a little while buying a house and increase their financial margin to buy that one property of their dreams. With banks and housing finance companies providing loans for the same, it is easier to own it. When the developer reveals the cost of property, there is certain cost which are hidden and developer or real estate agent withdraw from informing it initially. But later add them to the cost of property. These costs can increase the cost and therefore the budget by 25 percent. It is wise to be aw...
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Checklist for Senior Citizen before Buying a House
Like most businesses these days, real estate also targets the young population of the country. By providing them well equipped gym to Jacuzzi in the bathroom, they are covering every area to lure young people into buying the houses they are offering. But along with the youth, there are senior citizens who plan on buying a house after retirement or just a few years before retirement until they have saved enough money to buy a house without taking a huge loan from the banks or housing finance companies. But with the age, certain priorities for buying house changes. Here’s the list of things that senior citizens should look for before buyin...
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Within Two Years, The Home Buyers Will Get Affordable Flats in New Raipur Area
Under the three major housing schemes of Prime Minister and Chief Minister projects 40,000 new cheap flats are going to be constructed. In the first phase in the Sector 16, 30 and 34, total 6296 flats are being built and another set of 2312 flats being made for Economically Weaker Section (EWS) and around 3000 for Lower Income Group (LIG) types are being made. Housing Board officials said within the year 2018, there is a target for handing over the possession of the flats to the buyers. Since it is close to the Assembly Elections the first phase of the project is already under preparation. The responsibility to complete the affordable ...
