Ideas about Indian Service Industries | Real Estate, Investment

In India, it is important to register the sale or purchase of a real estate property. Otherwise, there will be no legal proof to show the property transaction. The registration of a property is a simple process that will help in changing the ownership of the title. Therefore, it will safeguard the rights of the property owner. And, it will enable the state government to levy property taxes. Here, are  some important points that you should know about property registration in India . 1) Paying the stamp duty is the first step  As a buyer of the property, you need to pay 5 to 7% of the property’s value to the state government. The stamp paper can be purchased online or from a certified vendor. And, the documentation of the stamp paper varies as per the nature of the transaction. 2) Submit the application to the sub-registrar After payment of the stamp duty, you should apply for the registration process by submitting the requisite documents and paying the registration fee. The sub-re

2020 has been bad for the entire world because it suffered a huge loss of human life. The pandemic has affected almost every sector of the Indian economy. Although the real estate sector has not remained prone to its adverse impacts, it has witnessed some positive trends. Here are a few of them: 1)  Buying a property has become easier - To promote home buyers infuse their hard-earned money into the market, banks have reduced the interest rate on home loans. Therefore, buying a house has become easier now. Another good news is that now sellers are ready to negotiate the price to sell their property quickly. This means buyers can purchase a house or flat at a cheaper price. 2)  Real estate has become the most preferred investment avenue - As everyone has witnessed the stock market crashing badly in 2020, smart investors are now more inclined towards investing in real estate. 3)  Safer modes of real estate shopping - Now instead of inspecting each suitable property physically, buyer

If you are the owner of a rental property and earning well through it, you might face a situation where the rental amount will either become stagnant or start decreasing. Many landlords do not recognize the problems due to which such a situation arrives. But by applying some simple tips, they can ensure that the rental value of their property keeps on increasing with time. Here, we have discussed a few of them: 1) Keep on updating your property Many landlords just want to increase the rental amount, but they do not focus on giving an additional benefit for which their tenants would be happy to increase the rent annually. You should think about how the flat can become more comfortable. For instance, if there is a problem of overheating during summer, you can either look for a way to create proper air circulation or you can install an A.C. to avoid this issue. 2) Spend on cleaning and maintenance No tenant would want to pay an extra amount for a dirty house that has some serious is

In India, any property that has been acquired from four generations of male lineage is defined as ancestral property . And, the property acquired from the mother’s family is not considered as the same. Every child has the right over his ancestral property irrespective of gender, age, and other factors. For selling such a property, a legal heir needs to take the permission of other coparceners. However, if the property has been transferred to him/her, then he has the right to sell it. Here, are some interesting facts that you must know about selling an ancestral property in India : 1) Your share in the ancestral property is decided on the basis of your position in the family tree. 2) An ancestral property can be sold or used by you, once you have got it transferred in your name. 3) The head of a Hindu Undivided Family can sell the ancestral property under financial distress or an emergency. 4) A legal heir who has not been given a share in the ancestral property can sue other copar

Moving away from our parents’ home for better career prospects, we often hate the idea of living in a rented flat. But the skyrocketing prices of properties often pull us away from our dream of buying a house. While taking a home loan is a better alternative to living in a rented house, many people hesitate to take the plunge due to the risks involved with non-repayment of the loan. Buying a resale flat is a good option for all such people who do not possess sufficient money for acquiring their dream house. Being cheaper than their newly-developed counterparts, they eliminate the need for taking a huge amount of loan. Plus, there are many other benefits to buying a resale flat. Some of them are mentioned below: 1)  No waiting period- When you buy a resale flat, you can move in it immediately. This is often not possible with an under-construction project which requires you to wait for the property possession. Getting instant possession of the property means you need not live in the r

The increased migrations to cities have created a huge demand for rental properties in India. Nowadays, many people are paying more than ₹ 50,000 per month on rent. Section 194-I of the Income-tax Act has made it mandatory for every individual or Hindu Undivided Family spending this amount on lease/rent to deduct the TDS on rent and pay it to the government. Well, a renter in India can pay the TDS online by visiting the NSDL website. But before that, it is important to procure a tax deduction number (TAN). Before paying the TDS on rent online , one should fill the Form 26QC. After this, by selecting the option for e-payment, one can make the payment successfully. Here are some important rules regarding TDS deduction on rent of a residential property : The TDS on rent has to be deducted by a tenant from the owner of the property. And, it is his/her responsibility to pay this money to the government. The TDS applies to all rental properties that earn more the ₹ 2, 40,000 per financial