home loan

A Reddit user's decision to pay off a ₹45 lakh home loan eight years early sparked debate. While financial advisors highlight potential investment gains versus loan interest, the user emphasizes the peace of mind and guaranteed savings from debt freedom. Ultimately, personal happiness and security trump pure financial optimization for many.

Buying property in India demands meticulous legal checks. Essential documents like Sale Deeds, Encumbrance Certificates, and RERA registration ensure clear title and prevent future disputes. Verifying land use, construction approvals, and dues clearance at each stage safeguards your investment and avoids costly legal battles. A thorough review is paramount.

Buying a home requires careful financial planning beyond just the property price. EMI calculator tools, like those provided by SBI and HDFC, are crucial for assessing affordability. They consider your income, existing loans, and desired loan terms to estimate monthly payments and borrowing capacity, ensuring a smart financial decision and preventing overborrowing.

Securing a plot of land for your future home or investment is now feasible with bank loans. While similar to home loans, plot loans have distinct terms, including higher interest rates and shorter repayment periods. Lenders prioritize residential plots within city limits, requiring thorough documentation and legal checks to ensure a smooth purchase.

Banks are urging the government to redefine affordable housing by updating property value and size thresholds to account for inflation and rising interest costs. Current limits, set years ago, no longer reflect the market realities, impacting the accessibility of homeownership for many.

New PMAY-U 2.0 guidelines offer a 4% interest subsidy on housing loans up to Rs 8 lakh for urban poor and middle-class families. Aiming to support one crore families by 2029, the scheme also includes provisions for women-led ownership and affordable rental housing, enhancing urban living standards and access to homes.

Gang advertised Aadhaar card and PAN card related services on social media

Purchasing a second home involves significant tax considerations beyond the initial purchase price. Stamp duty, registration fees, and GST are upfront costs. Income tax implications vary based on whether the property is self-occupied, vacant, or rented out, with different deduction rules under old and new tax regimes. Understanding these nuances is crucial for financial planning.

Becoming a loan guarantor in India can be a double-edged sword. If the borrower defaults, you could be on the hook for the full amount, which may seriously affect your credit rating and future financial opportunities. Additionally, pulling out of this arrangement isn’t a simple task; it often requires the borrower’s involvement or specific bank permissions.

Selling your flat in a cooperative housing society might feel like a labyrinth at times, particularly when it comes to securing the elusive No Objection Certificate (NOC). While some societies may drag their feet on providing this vital document, it’s important to note that they can only say 'no' if there are outstanding dues owed by the seller.

For countless individuals, the dream of owning a home seems increasingly out of reach due to escalating prices and limited access to financing. In response, governments are launching a spectrum of housing initiatives.

A young couple's struggle to buy a home in Bangalore, despite dual incomes, contrasts sharply with their swift purchase of a three-bedroom house in the UK on a single salary. The viral X post highlights India's 'broken' real estate market, marked by exorbitant prices and a lack of transparency, while the UK offered affordability and a smooth, honest buying process.

Rupee depreciation is not new, what is new however is the rapid pace at which it is falling. It’s the biggest risk for India’s external sector resilience at the moment. In just over a year, the rupee has depreciated over 14%.

Astrological predictions suggest a day of positive developments across various aspects of life. Individuals can expect financial gains, career advancements, and harmonious family interactions. Health and property matters also appear favorable, with opportunities for personal growth and enjoyment throughout the day.

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'Too Expensive', Only 1-2% Of Homeowners in India Buy Policy: Experts