Real Estate is costly. Sometimes, buyers need to finance their purchases through different sources to invest in their dream property. Financing options refers to the borrowing of funds with a promise to pay back the borrowed amount with an interest after a stipulated time. Here is a list of some financing options for you: Home loans: A loan to purchase a house for residential purposes. At https://propertyyy.com/business-loan/, we have tie-ups with some of the best banks and free expert consultation to provide a hassle-free experience for you. The RBI has also…
Your concerns are genuine, and We at Propertyyy.com, ease your worries by providing Escrow services. We are connected with a top-notch bank of the nation, and we ensure by Escrow service that buyers puts all obligation like to offer contract, deposit, secured financing, and a reminder of down-payments. We also help dealers in putting their obligations like house inspecting and clearing titles through our services. We have partnered up with banks like HDFC, ICICI, PNB, IIFL home loans, IDFC, Reliance Capital, and many more to give our customers a seamless experience…
Indian law allows a person to own multiple homes. However, for all the properties taken together, the amount of home loan available to you will depend on various factors. You are entitled to certain tax benefits for buying, building, renovating, or repairing a house property. This is with respect to the interest paid on borrowed money. The tax laws also allow you to claim tax benefits for repaying the principal amount for the purchase and construction of a residential house. Tax benefit on interest payment Under section 24(b), you may claim…
Immovable property is most likely to be transferable. However, immovable property excludes timber, growing grass and crops. You can transfer permanently attached property under section 3 (26). Under this section, the land, all the benefits that come out of the land and anything permanently fastened to earth is transferable. It simply creates security that is enforceable in court. It ought to be in writing to create a charge. All the movable property that is not transferable are hereditary allowances, rights to ways, ferries and fisheries. Immovable property is ix parts, that…
Impact of corona virus has been hazardous. China was widely COVID positive in December 2019, India was positive by March 2020. That is when the Prime minister announced nationwide lockdown. However, the lockdown was an effective decision without a doubt, if we consider the aspect of the health of the people, but it affected numerous businesses, jobs, etc. Covid-19 has a serious impact on the real estate business. This crisis is the third, in real estate post Demonetization and Real estate act, 2016. Aspects of real estate affected due to the…
When you take a home loan for your dream home, you end up paying an interest and the loan amount. The interest is calculated by an interest rate charged on the loan amount. You repay the loan amount and interest in equal monthly installments. Home loan interest rates can be floating and fixed depending on the banks. They are charged according to the loan amount. EMI depends on the following factors:- Higher the loan amount, higher is the EMI. Lower the home loan interest rates, lower the EMI The maximum tenure…