Adherence for Growth
Adherence for Growth
Everyone has to plan when buying a home. Even so, owning one is still beyond the reach of the average person. Because the dream of a house has to be fulfilled with the help of financial institutions. In such a case, consumers have to face the double challenge of fulfilling the criteria of home loan and its documents along with the technical aspects of home purchase. Banks or non-bank financial institutions approve home loans only on the basis of certain conditions and criteria.
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“This will be an inbuilt check. With this, registered projects’ MahaRERA number will automatically reflect in the survey number column to enable the citizens and officials to know if a project has been registered with the state real estate authority,” a senior MahaRERA official said on Wednesday.
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The Government of India has undertaken a number of initiatives to promote real estate transactions. The government is giving priority to the expansion of affordable housing and is working to strengthen the existing system of financing so that stalled projects can be reclaimed. In the first week of December last year, the Government of India extended the deadline for providing permanent housing to all rural households till 2021.
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It is important to be aware of tax deductions and tax liabilities when buying a home or investing in a residential property. Proper tax planning when dealing with property there is no financial loss, on the contrary, income tax benefits can be availed. So at the beginning of the new financial year, let’s find out what the revised property tax structure is.
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Common Area Maintenance which includes hallways, pathways and utilities. CAM fees is accumulated by the landlord from tenants to cover maintenance.
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The City and Industrial Development Corporation (CIDCO) will launch a mega scheme to offer plots and commercial shops on the auspicious occasion of Gudi Padwa on April 2, 2022. Under the scheme, tenements of various housing schemes for MIG and HIG, commercial shops, as well as plots for residential, commercial, and social purposes, will be made available for sale in the various nodes of Navi Mumbai through e-auction and e-tender processes.
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When taking out a home loan, the main focus is on interest rates and other charges. But these other charges can have a significant effect on the cost of the loan.
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Today, it has become very difficult for the common man to build a house with space. Instead, he finds it more convenient to get a flat. For that he has to rely on many schemes in his area. At such times the builder makes attractive photos of large buildings, swimming pools, dispensaries, gardens, etc. So customers need to be very careful when buying a flat. Own home, flat happens once in a lifetime. The transaction of the flat involves the flat holder as well as other important persons. The owner of the land, the promoter, the builder and the flat holder are the other tenants, the person is the power of attorney holder.
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A good credit score can lead to lower interest rates for lenders. Credit vintage and scores are raised by timely and timely repayment of these loans.
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The state assembly on Wednesday passed a bill extending the set-off (adjustment) period for stamp duty payment from one year to three years for every new property resale. Accordingly, the stamp duty would be payable only on the price difference of a property instead of the entire amount for a period of three years.
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