Acquiring a new home is a momentous occasion, filled with excitement and anticipation. In the vibrant landscape of India, where diverse architectural styles and climatic conditions prevail, conducting a thorough home inspection is not just a formality but a crucial step towards a secure and comfortable living experience. In this guide, tailored for the Indian audience, we present a comprehensive new home inspection checklist infused with data-driven insights to empower you to make informed decisions and embark on your homeownership journey with confidence.… Read more
Factors That Matter in Selecting Your Home Insurance Provider!
Choosing the right home insurance provider in India is crucial for safeguarding your property against potential risks and ensuring financial protection in case of unforeseen events. Here are some key factors to consider when selecting a home insurance provider in India:… Read more
Property Tax vs. Real Estate Tax Demystified!
Property tax is a tax levied on the value of real property, including land and buildings. It is typically assessed by local governments and is based on the property’s assessed value, which is typically a percentage of the market value. Property tax is an important source of revenue for local governments, as it helps them to fund essential services such as schools, roads, and public safety.… Read more
Decoding Property Exchange: A Comprehensive Guide!
Property exchange, also known as property swap, is a transaction where two parties mutually agree to exchange their respective properties. Unlike a regular sale transaction, where the seller receives cash and the buyer obtains the property, in a property exchange, each party simply transfers ownership of their respective properties to the other party. This arrangement is particularly beneficial for individuals who are looking to upgrade or downsize their properties without having to deal with the hassle and expenses of selling their current property and purchasing a new one.… Read more
What is NRI’s Impact on Indian Real Estate?
As non-resident Indians (NRIs) continue to put money into the Indian property market with an increasing focus on long-term investment, it is expected that they will account for 20% of the country’s real estate sector investment by 2025, as per a report by NoBroker, one of India’s leading proptech unicorns. In the last 12 months, there has been an increase in the number of non-resident investors (NRIs) investing in the Indian property market. According to NoBroker, in 2019–2022, NRIs made up about 10% of total investment in the country’s property market. In terms of investment destinations, respondents to the survey preferred Bengaluru over Mumbai with 29% choosing Bengaluru and 24% choosing Mumbai.… Read more
Unraveling the Deed of Reconveyance in India: Significance and Meaning!
In the intricate realm of real estate transactions, certain legal documents play a pivotal role in defining property ownership and financial obligations. One such document that holds significant importance, especially in the context of mortgages, is the Deed of Reconveyance. … Read more
Navigating Distressed Properties in India!
Investing in real estate has always been a significant aspect of wealth creation, and for some, the allure of distressed properties presents a unique opportunity. Distressed properties, often the result of financial hardship or legal issues faced by the owners, can be acquired at a lower cost, providing potential investors with an avenue for substantial returns.… Read more
Demystifying E-auction of Properties in India: A Comprehensive Guide!
The Indian real estate market is witnessing a paradigm shift with the increasing adoption of technology, particularly in the realm of property auctions. E-auctions, which have transformed the way properties are bought and sold, offer a transparent, efficient, and convenient platform for both buyers and sellers.… Read more
Circle Rates and Homebuying: What You Need to Know?
A circle rate, also known as the guidance value or jantri rate, is the minimum value of a property as determined by the state government. It serves as a benchmark for calculating stamp duty and registration charges, which are taxes levied on property transactions.… Read more
Empowering Women: Understanding the Property Rights of a Walida!
In a world increasingly focused on gender equality, understanding the property rights of women is crucial for achieving a just and equitable society. In the context of inheritance and property ownership, the term “Walida” holds significant meaning in Islamic law. A Walida refers to a mother, and her property rights are outlined in Islamic jurisprudence. This blog delves into the property rights of a Walida, highlighting her legal entitlements and the significance of upholding these rights.… Read more