The homebuyers often look to purchase property at a budget-friendly cost as it allows them to avail increased tax benefit and the longest repayment tenure to repay the loan amount in easy and small installments.
While celebrating the glorious 72 years of Independence we must not forget the long way that the Indian real estate sector has covered. The not so organized property market has seen various ups and down in all these years and this blog post takes you through the journey of the milestones that the realty sector has achieved till now.
While taking possession of the dream home, one must remember to take a copy of all the essential documents that validate a residential project. Among all the documents, occupancy certificate of the project is one such document which must be taken from the developer before receiving the possession. In case your developer refrains from giving this certificate, you must take serious steps against them.
Investing or purchasing a new property is not an easy task. While a lot of research is needed during the complete property buying process; shortlisting a perfect developer is one of the most important and toughest jobs.
With few days left to the introduction of Union Budget 2019-20, the apprehensions and expectations both are high on people’s mind these days. This is so because the realty market and the investors have to bear the brunt of the budget as many plans vanish on the paper while others dream to own home goes haywire.
This being the last budget of the Modi-led Central Government the Indian real estate also is expecting some new relaxations. Here, the term new relaxation is used in the context of the reforms introduced by the Central Government that includes RERA [Real Estate Regulation Act], Demonetization, GST [Goods and Service Tax].
While buying a dream property is a simple yet time taking procedure, a lot of transactions are also involved at various stage of the whole process. From the signing of sale deed to receiving encumbrance certificate, registration papers etc. each document is very important and it’s always advisable to be careful about them.