When buying or selling property, one of the most important things to determine is its Fair Market Value (FMV). The FMV of a property reflects its true market worth based on various factors such as location, condition, demand, and supply. In India, understanding how to calculate FMV can help ensure that you’re making a fair investment or sale. In this blog, we’ll break down how you can calculate the...
When you’re in the process of purchasing or renting a property, whether it’s an apartment or a commercial space, one of the most crucial factors to understand is the area measurement. You'll often come across terms like built-up area, carpet area, and super built-up area. While these terms are commonly used in real estate transactions, they can be confusing, especially if you’re not familiar with...
Transferring property ownership in India is a process that involves legal formalities, documentation, and adherence to various regulations. Whether you’re selling, gifting, or inheriting property, understanding the steps involved in the property transfer process is crucial for ensuring a smooth and legally compliant transaction. In this blog, we will guide you through the process of transferring...
Investing in property is often considered a safe and profitable venture, especially for Non-Resident Indians (NRIs) looking to invest in their homeland. With the growing demand for real estate in India, many NRIs are purchasing properties as a means of securing a financial future or for personal use during visits. However, property investments in India come with a range of tax implications that must be...
Buying your first home is an exciting milestone, but it can also be a daunting financial commitment. In India, the government understands the challenges first-time homebuyers face, especially with rising property prices and stringent loan criteria. To make homeownership more accessible, the Indian government has introduced several schemes and benefits aimed at easing the financial burden and...
In today’s evolving financial landscape, many homeowners in India are opting for a home loan takeover to reduce their financial burden or gain better terms. If you’re considering a home loan takeover, you’re not alone. This process can provide several benefits, such as lower interest rates, reduced EMIs, and more favorable loan terms. But what exactly does a home loan takeover entail, and how can...
Renting a property in India can be an exciting yet challenging experience, whether you're relocating for work, studies, or simply seeking a change of environment. With a variety of property types, rental markets, and regional regulations, it’s essential to ensure you're making an informed decision. Asking the right questions before committing to a rental property can save you from unexpected surprises...
In India, the Encumbrance Certificate (EC) plays a crucial role in verifying the ownership and legal status of a property. It is a legal document issued by the sub-registrar's office that proves whether a property has any outstanding mortgages, liens, or encumbrances. The certificate is often requested during property transactions to ensure the property is free from any legal claims. When a borrower...
In India, home loans are a popular option for those looking to purchase property, but many borrowers wonder if they can pay off their loan early. While early repayment can reduce your debt, it's crucial to be aware of home loan preclosure charges that may apply. Understanding these charges can help you avoid unnecessary costs and make a more informed decision about repaying your loan. In this...
For Non-Resident Indians (NRIs), owning property in India is not just an emotional connection to their homeland but also a lucrative investment. However, when it comes to selling the property, many NRIs are uncertain about how to repatriate the proceeds back to their country of residence. Repatriation refers to transferring the funds earned from the sale of property in India to a foreign country, and it...