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home loan
4 January 2019 - 6:08, by , in NRI, No comments
A home loan needs to be repaid during its tenure, by way of equated monthly installments (EMIs). The amount of the EMI, as the name suggests, remains similar throughout the mandate of the loan, unless there are circumstances, such as changes in the interest rates, warranting a change in the amount of EMI. House loan...
Awas Yojna
3 January 2019 - 5:05, by , in NRI, No comments
Update on December 31, 2018: The Centre has extended the Credit Link Subsidy Scheme (CLSS) on home loans for the middle income group (MIG) under the Pradhan Mantri Awas Yojana (Urban) till March 2020, union housing and urban affairs minister Hardeep Singh Puri announced, on December 31, 2018. Addressing a press conference, Puri said he had...
investment
1 January 2019 - 10:00, by , in NRI, No comments
Real estate investors are keen to buy a property when they know that it will gain in capital thankfulness but it is not only property investors who are attracted. There is also greater interest from end-users for buying rather than renting homes since real estate appreciation means that their asset becomes a more significant source...
party
31 December 2018 - 6:32, by , in NRI, No comments
To ready the house for any party, including a new year’s party, homeowners should first thoroughly clean their homes of dust. Once this is done, you can spruce up the house with a few easy steps. Although the home may not be laid out for entertaining guests daily, one can always rearrange the furniture, to...
real estate
27 December 2018 - 6:17, by , in NRI, No comments
The Indian real estate has witnessed a sea change, over the last couple of years. However, in spite of the advancements in construction, the use of high-end technology, the advent of smart homes and flexible apartment configurations being made available according to the evolving market, the industry is going through a lull. Real estate experts...
investing
25 December 2018 - 10:00, by , in Property Trends, No comments
The meaning of ‘luxury’ in Indian real estate, is witnessing a major shift – from referring to a brand’s ‘product offering’ to now being defined by a customer’s ‘experiential journey.’ Today, luxury is linked with a sense of indulgence, exclusivity, refinement & quality. Customers seek distinctive design features and sophistication that offer an unmatched living....
rent
24 December 2018 - 10:00, by , in NRI, No comments
To join the high costs of living in rented accommodations, employers pay house rent allowance (HRA) to their employees. India’s income tax laws also provide benefits to people who do not own a house and live on rent, without receiving HRA. However, the tax benefit differs, in each case. Tax benefits available to salaried people...
NRI
21 December 2018 - 10:00, by , in NRI, No comments
Under the RBI’s norms, an NRI is allowed to purchase certain types of properties, while other forms of reality may require special permissions Any NRI, who is interested in buying a property in India, should be aware of specific legal provisions about the purchase or ownership of immovable property in India under the Foreign Exchange...
laws
20 December 2018 - 10:00, by , in NRI, No comments
Owners of household properties in Gurugram are liable to give property tax to the Municipal Corporation of Gurugram (MCG) each year. The MCG follows a secure system for property tax calculation that mainly takes into the record the size & use of the property. How to calculate capital tax for a residential property in Gurugram The...
retirement
19 December 2018 - 10:00, by , in NRI, No comments
Thinking about the future is absolutely important. Here is what you should keep in mind while investing in a retirement home. Retirement homes, earlier looked upon with disdain, are now gaining greater acceptance. Children of aged parents often, live away from their family. They are happier to have their parents living in safe retirement homes, in...