Real estate developers and agents do not really rate highly on trust factor. And examples are aplenty. It is not difficult to see stalled projects while driving along the city. Just think of those buyers who have purchased apartments (not as an investment) in those projects. They have been waiting to move into their dream… Continue Reading
You made a killing recently on a house that you had purchased 15 years ago. You had bought this house for Rs 7 lacs. Recently, you sold the same house for Rs 1.5 crores. Net absolute gain of Rs 1.43 crores. You are aware of the indexation benefit on sale of a long term capital… Continue Reading
Everyone wants to purchase their dream house. The demand for residential property is not just limited for own use. A number of people invest in real estate to gain from appreciation in prices. However, despite the comfort most people have with real estate investments, most developers are running high inventory of unsold flats or apartments.… Continue Reading
Recently there happened to be an accidental discussion with one Mr. Joshi, a retired Engineer and an acquaintance of another friend of mine. The discussion was accidental because it was not pre-planned and Mr. Joshi was telling us how wisely he had invested in a house property in his younger days and how he sold… Continue Reading
When I relocated to Pune in 2003 due to professional commitments, I decided to rent a flat close to my work place. The idea of buying a flat instead of renting never occurred to me until my boss broached the topic. We did some simple calculations taking into consideration my gross/disposable income, age, finances and… Continue Reading
Are you looking to buy a house/flat? If you scout the internet, you are bound to come across projects being launched at very attractive pre-launch prices. When I started looking out for a house to buy, an advertisement by a well-known builder at rates which were kind of unbelievable caught my attention. Out of sheer… Continue Reading
I have heard many a householder lament that by end of the month they do not know where their money has gone, and they are left with no savings and worse, waiting for the next salary credit. Do you fall in this category? This can happen if you do not keep household accounts. But while… Continue Reading
Having selected the property to buy, and after checking out the budgeting, it is time to start the process of buying the apartment in right earnest. Choosing a lender and home loan You need to book the apartment selected by paying the booking amount demanded by the seller. Booking amount may vary from 5% to… Continue Reading
Buying a property is not like buying onions and potatoes. Firstly, the financial outgo is huge and may be a lifetime investment for many. Secondly, all properties are not the same. All apartments in a complex with same dimensions are also not the same! Your selection of a particular apartment in the same complex has… Continue Reading