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
My neighbour, an employee of a private firm came to me with a strange request last week. She wanted my advice on the type of bank account she should invest her money in so as to earn more than what she was earning in a savings account. Her ultimate goal was to save enough money… Continue Reading
When Finance Minister, Mr Arun Jaitley, presented the NDA government’s first full year budget on 28th February 2015, I was one of the millions of Indians who sat glued to their television sets to catch the budget highlights first hand. To be honest, like most of individual tax payers out there, I was expecting a… Continue Reading
At the outset, let me hasten to clarify that this article is not about renting vs buying a property. This article is purely an analysis on investing in real estate, its plus and minus points. i.e., treating direct investment in real estate as one of the avenues for deploying your surpluses for good returns and… 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
Once you have become a proud owner of an apartment, it requires to be furnished and maintained properly so that you continue to enjoy your investment. In the context of increasing cost of materials and labor, this requires a pretty large outlay of funds. Banks provide home improvement loans for renovation, buying new furniture and… Continue Reading
This time around the budget has many proposals which directly and indirectly impact the real estate market positively. If we take the direct tax proposals, it has many goodies for the middle class and the salaried. Even though premium housing has emerged as a niche segment, the bulk of the housing demand continues to come… Continue Reading
A title is the foundation of property ownership. It is the owner’s right to possess, use and transfer property rights. Transferring ownership of an immovable property is different from transferring, say, ownership of a car. Real estate is permanent and can have many owners over the years, as well as rights to use the property.… Continue Reading
The real estate sector which has gone through the sluggish sales in last couple of years has got some good reasons to cheer now. Increase in deduction on home loan interest, tax pass-through status for REITs, proposal for 100 more cities, proposal for ‘home for all’ programme, easing of FDI norms in real estate –… Continue Reading
The first budget of the Narendra Modi Government is to be unveiled on the 10th of July. There are high expectations from various sectors of the economy that are looking forward to delivery of a promise by Mr. Modi on “Aaache Din”. The economy is passing through high inflation coupled with forecasts of a poor… Continue Reading