A general overview of the home loan process in India for Non-Resident Indians (NRIs). Eligibility Criteria: NRIs are eligible to apply for home loans in India. However, specific eligibility criteria may vary from one lender to another. Generally, NRIs need to have a regular source of income, a valid passport, and need to be of a certain age to be eligible for a home loan. Documentation: NRIs need...
Ownership rights for Non-Resident Indians (NRIs) regarding property in India are well-defined. NRIs are allowed to own property in India, which includes both residential and commercial properties. The acquisition of property is subject to certain conditions and restrictions as per the Foreign Exchange Management Act (FEMA) regulations. NRIs can own property by: Purchase: NRIs can purchase...
Joint property ownership is a legal arrangement in India where multiple individuals collectively own a property, such as land or a house. This ownership structure has both advantages and disadvantages. Pros: Shared Financial Burden: Joint ownership allows multiple parties to pool their resources and share the financial burden of acquiring the property, making it more affordable for everyone...
Any investment should be made as per their appetite, balanced with the risk and reward model. If compared with real estate vs fixed deposit, it is a combination of low risk, medium risk, and high risk considering its term of duration and appreciation of money or money’s worth. FIXED DEPOSIT IS A SAFEST FORM OF INCOME Fixed deposit is always considered the safest form of investment with a fixed...
Hyderabad is an emerging market in terms of real estate and IT sector. So everyone is investing their money to grow in diferrent forms, so everyone has to think about to invest as per their financial conditions. The investments might be in the form of plot of land, villa, flat, farm land, farm house, or MOU buck back offers, money invested in real easte project which has decenet amount of returns in a...
A Mutation of property means a transfer of property from one person to another person and its title in the name of a purchaser like plot, flat, villa, commercial space etc,. Merely having a title deed not enough to claim the ownership but also mutate the property during purchasing which safeguards their future repercussions. Mutation of property stands as a proof of ownership of the property How...
EC means Encumbrance Certificate which is a document concerning all the details of the plotted area, house, flat, villa, etc., mostly required to know more about its legality and title of an individual’s property. EC is obtained to know the property is free from all encumbrances or debts or any legal hindrances. EC is obtained from the concerned Sub-Registrar office by paying fees. A NIL EC means...
A Joint Development Agreement JDA is a written agreement between both the parties i.e. the land owner and builder or developer wherein one gives land for development to the builder and the builder agrees to build the project with his skilled team of different kinds of workers to a finished apartment/ or any civil project. Here both the land owner and builder pool their concerned resources and share the...
  A landowner is a person who owns a piece of land and agrees to a joint venture with the builder to develop a part of the land in the form of flats, villas, houses, apartments, etc. Here both the parties agree to build a venture. Hence the land owner agrees to share the land and the builder builds the whole project and both the builder and owner share the property as per their agreed terms after...
There are various types of documents for the transfer of property rights. To buy or sell a property you make a document as per the nature of the transfer. Here conveyance deed is transferring property rights to another person on a written document made and executed between claimant and executants at the concerned jurisdictional Sub–Registrar office by paying attracted stamp duty and...