Nine percent increase in home sales in the country
During the three-month period from January to March, home sales in the country’s eight largest and five largest metros rose nearly nine per cent to 78,627 units.
It is beneficial to plan a home purchase at a young age
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.
MahaRERA project data integration to prevent illegal property registrations
“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.
Government efforts for property transactions
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.
House and Taxes
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.
What is CAM
Common Area Maintenance which includes hallways, pathways and utilities. CAM fees is accumulated by the landlord from tenants to cover maintenance.
Navi Mumbai: CIDCO to launch mega schemes for all purpose plots and shops on Gudi Padwa
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.
Happy Gudi Padwa 2022
Gudi Padwa is celebrated on the first day of the month of Chaitra as per the Hindu lunisolar calendar, which usually falls between March and April as per the Gregorian calendar.The festival will be celebrated on the 2nd of April 2022.
Fees , Charges and Penalties About Home Loan
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.