An encumbrance certificate is a legally issued paper or document that certifies that a property is free of all financial and legal obligations. Aside from that, it displays the property's condition and the total number and details of its previous owners. It also contains information on previous ownership transfers and all of the property's mortgage obligations. The encumbrance certificate cannot be...
Real-Estate Information
A non-resident Indian (NRI), currently residing in foreign nations owns a residential property in india, which he had purchased before moving to foreign nation. Now wishes to sell it off. However, he is unaware of the tax implications of such a transaction and misinformation is aplenty, which is not helping his cause either. So, if you too are unaware of the tax and regulations relating to the sale...
The pandemic has accelerated the shift towards a more digital world and triggered changes in home shopping behaviours that are likely to have lasting effects When people consider buying a home, they largely rely on the opinions of the real estate broker, friends or family post which a site visit would help them to seal the deal. However, post the outbreak of Covid-19 pandemic, site visits were not...
Although real returns from both asset classes are similar, real estate comes with the added advantage of security and long-term wealth creation. Buying something of value on a festive occasion comes naturally to Indians, and gold has long been the first choice for festive shoppers. However, many investment-savvy Indians today are questioning traditional practices and opting for assets that are...
The home-buying process can be overwhelming for the first-time buyer. Steps involved in buying a house, it’s all too easy to make a mistake and end up with an unwise investment Common mistakes can be avoided by new home buyers. ALWAYS FIX THE BUDGET, FAILING TO FIX A BUDGET IS RISKYNot having a distinct home purchase plan in place is the biggest folly of potential homebuyers. The first factor to...
While there are advantages associated with resale apartments, a buyer may also face some challenges. Hence, one should buy only after conducting an in-depth research. One of the biggest perks of the resale market is that you can narrow it down to exactly where you want your home. “There are several key locations city centres across cities where there is hardly any land for new development and thus,...
Having an OC from the developer offers you a host of benefits besides making you the legal owner of your property. Besides, it also works to your advantage if you plan to sell your home in future. “A buyer must ideally get an OC from the concerned builder once construction is complete and ready to be occupied,”. “Given that during property registration OC is not a mandatory document and has...
The OC is a validation of the developer’s commitment to the safety and security of the occupants. Before a developer hands over the keys of the apartment to a home-buyer or an office premise to the occupants, He/She is required to obtain the OC of the project from the certifying authorities. For a builder today, it has become a badge of honour because it reflects his transparent and professional...
An Occupancy Certificate (OC) from your developer is proof of the project’s compliance to safety norms. It also certifies you as the legal owner of your property. Here’s why it is an important document for a home-buyer and developer An electronic billboard lights up the entrance of an under-construction luxury residential project announcing the countdown to the exact date that the home-buyers will...
Vastu Shastra is an important factor that weighs in the discussion for people when buying a new house for themselves.it is a centuries-old ancient text that is still relevant for millions of people, especially in the Indian subcontinent, where it originally originated from.Vastu Shastra also dictates the positioning of furniture, rooms etc in a home so that the house attracts positivity and good vibes...