Auctioned property is a slightly riskier investment and as such, needs to be diligently investigated before the purchase is done. Here is what you should keep in mind In the event where a home owner defaults on the loan taken, the lender is entitled to legally repossess the property. Such repossessed properties are ultimately sold through physical or electronic versions of auctions. Before you decide to buy such an auctioned property, here are the precautions you need to take. Outstanding municipal tax and society dues Generally, the default in payments of EMIs…

What are the financial and income tax consequences that follow, if a property deal is called off or cancelled? We examine Property deals need not always culminate in the execution and registration of an agreement. Sometimes, the deal may not go through and may be abandoned halfway, after the payment of token money or even after some of the payments have been made. The deal may be cancelled by either the seller or the buyer, for any reason. Treatment of token money under the income tax laws, if a property deal…

The Delhi Development Authority has announced the draw result for the second phase of its housing scheme for 2019 on July 23, under which it offered over 10,294 low-income, middle-income and high-income group (LIG, MIG and LIG) flats in Delhi’s Vasant Kunj and Narela. The registration of these homes, which started on March 25, was ended on June 10.  How to check results of DDA Housing Scheme 2019 Applicants can view the live streaming available at the www.dda.org.in. The draw of lots will be based on the random number generation system. Interested applicants can also visit DDA…

Investing in commercial spaces, is not the same as investing in a residential property. We look at some of the factors that potential buyers in the commercial real estate segment should consider, to get the best deal Investment in real estate, especially residential properties, is quite popular amongst the investors. However, the benefit and opportunities available for investments in commercial spaces, could be far more significant than residential properties. Rental yields in commercial properties Commercial and residential properties have very different dynamics. From an investor’s perspective, commercial property is normally traded…

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There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. One of them is whether profitability matters. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up. Or you know the other one — the one where Snapchat lost $2 billion in just one quarter. Two-fucking-billion! What a disaster! Except that they didn’t actually lose $2 billion in cash. It was a stock option incentive related “expense” but I bet you didn’t…