Demonetization: Demon or Angel for Real Estate Sector

Real(i)ty Beyond Perception Well, after letting all the demons out of the hat, it’s time to understand the impact in long term. This is the time when “Amrit” comes out of the “Samundra Manthan” and rejuvenates everyone. Let us understand the various aspects and impact of demonetization process in long term on Real Estate Sector. Reduced Cash in the System: It is for sure that RBI will not infuse cash in remonetisation process equivalent to…

Home Loan: Angel is in the Details: Part I (Tax Benefits for Home Loan Interest Payment)

Home Loan is one of the most widely used loan product in our country. Maximum housing units sold in the country are mortgaged with the home finance companies and banks. Due to acute shortage of housing in the country (some studies put figure at around 8-9 Crore Units) government has been very forthcoming in providing income tax benefits and rebates for home loans to increase the affordability of the individual house buyer and thus boost…

HOME LOAN SIMPLIFIED

1.            What is CIBIL? :  CIBIL (Credit Information Bureau of India Limited) founded in August 2000 keeps a credit score (called as Transunion Score) of all the people opting for any type of loan from any financial institution. CIBIL collects and maintains records of an individual’s payments pertaining to loans and credit cards. These records are submitted to CIBIL by banks and other lenders on a monthly basis. This information is then used to create…

REAL ESTATE REGULATORY BILL 2016

DAWN OF NEW ERA OF TRANSPARENCY Real Estate Regulatory Act has created a super buzz in the real estate market and industry. Everyone related to the industry whether its buyer, developer, local bodies, industry associations, etc are discussing the impact of this law and the way it will change this industry forever. While there are many words used for this law like “Strict”, “Stringent”, “Draconian”, “Progressive”, “Consumer Friendly”, “Futuristic”, etc., I will describe this law…

Sikar Road: A Road to/of Wealth and Prosperity.

Sikar Road is a very prominent road of Jaipur City connecting it to Shekhawati Area and Bikaner and is considered as major prosperity road of Jaipur. Shekhawati is known for its Entrepreneur Skills, National and international level businessman’s, artistic sculptures richness of fresco wall paintings, handicraft and above all the kind of hospitality extended by the Shekhawati People. State tourism motto “Padharo Mahare Desh” (Guests, you are welcome in our country) is being religiously followed…

What is CIBIL?

CIBIL (Credit Information Bureau of India Limited) founded in August 2000 keeps a credit score (called as Transunion Score) of all the people opting for any type of loan from any financial institution. CIBIL collects and maintains records of an individual’s payments pertaining to loans and credit cards. These records are submitted to CIBIL by banks and other lenders on a monthly basis. This information is then used to create Credit Information Reports (CIRs) and…

Tenure of Home loan

It ranges from 5 years to 30 years. While deciding on the loan tenure, certain factors need to be considered. The most important factor (MIF) in deciding home loan tenure is net disposable income. Net disposable income is the money that you are left with after paying for all the deductions like PF, ESI, Gratuity and Taxes. From this net disposable income the EMI is served every month. If you have a low net disposable…

Interest Rate

There are two models of interest rate in the market. One is fixed interest rate concept where the rate of interest and EMI remains same for the complete tenure of the loan or till the time loan account is closed whichever is earlier. The second and most common type of concept is floating interest rate home loan. In such home loans, the interest rate and tenure of EMI is dependent on the base rate of…

Latest Govt Regulations

Ushering in a New Era of Transparency in Real Estate Sector The Govt (both central and state) are coming with new regulations to bring much needed rules of the game for real estate sector. Central Govt bill i.e. Real Estate Regulatory Bill will be law relating to conduct of buyer and developer during pre-possession period. This law will effectively regulate the marketing of the projects, possession timelines, timely payment by the buyer, utilization of fixed…

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