realestate2022

Mind These Unlikely Sources Of Information Before Home Buying (Shutterstock) The information technology revolution laid its Midas Touch on every aspect of our life, property purchase included. Today, your smartphones are all you need to carry out a large part of the process. Additionally, you keep yourself updated with your daily dose of news to make sure you know all about the best home-loan offers, the most promising real estate areas, the exact location you have to reach to get your property registered. Basically, you are well covered to make an informed decision. However, there is only so much that these obvious sources of information tell you. To know the ground reality, quite literally, you will have to really depend on certain unlikely sources. Knowing that the project is good and the area is better and the amenities are mind-blowing may not be enough if you are going to spend the rest of your life in one place. Who are these unlikely sources that will have you take the right de...

Budget 2018: How Arun Jaitley’s Circle Rate Move Will Impact Real Estate (Shuttershock) The only time Finance Minister Arun Jaitley directly mentioned the word ‘real estate’ in his one-hour-fifty-minute Budget Speech on February 1 was in the context of circle rates. To minimise hardships in real estate transactions”, Jaitley proposed that no additional tax would need to be paid by sellers and buyers in case the difference between the transaction value and the fair value (based on the circle rate) of the property being sold does not exceed five per cent. What does this change really mean for homebuyers and sellers, and the real estate market in general? Let’s find out: The present mechanism For the uninitiated, circle rates are the government-set prices below which a property cannot be registered. The rates vary from state to state, city to city and locality to locality.  On property transactions, a buyer is responsible for paying stamp duty and registration ch...