What Is a Rental Agreement? A rental agreement or tenancy agreement refers to a rental contract between two parties, i.e., the owner of the property and the interested renter, agreeing on terms and conditions for the temporary possession of the renter over the property under consideration. The rental agreement specifies the parties of the agreement, […]
Real Estate Professionals Real estate ownership comes with several tax benefits, but real estate professionals are also eligible for additional benefits. Although pursuing real estate professional status (REPS) may seem onerous, qualified owners can benefit from additional advantages such as lowering taxable income by writing off sizable losses such as depreciation from real estate activities. […]
Introduction Bengaluru, Karnataka’s capital city, is known as the IT hub and home to several start-ups. The Silicon Valley of India, located around 3,000 feet above sea level, attracts thousands of people due to its good weather all year and the numerous options it provides. As more people move into the city, the need for […]
Union minister for road transport and highways Nitin Gadkari recently said that the 10-lane Bengaluru Mysuru Expressway will soon be completed and it is likely to be inaugurated by February After an aerial and physical inspection of the highway and taking a ride for 5 km on a stretch, Gadkari said he would request Prime […]
To strengthen mobility and ensure better connectivity to Sir M Visvesvaraya railway terminal at Byappanahalli in Mahadevapura zone, BBMP is planning to build an elevated rotary at a cost of over Rs 300 crore. BBMP chief commissioner Tushar Giri Nath has written to the urban development department (UDD) seeking Rs 345 crore for the project. […]
Union Budget 2023-24 The recently announced Union Budget 2023-24 could be a watershed moment for the real estate industry. The Finance Minister has announced several measures that are likely to benefit the sector. On February 1st, the Finance Minister delivered her fifth Union Budget. Her budget, which announced measures of growth and progress, was built […]
Planning to buy a second home? Here are a few tips from our experts that you should consider while making your purchase With rising disposal incomes and the millennials now becoming the primary homebuyers, the demand for second homes is on the rise. One of the recent surveys conducted by Savills India found that almost 70 […]
Units Part Of 15L Dwellings Sanctioned By Centre In 2015 The state government will build 3. 75 lakh houses across Maharashtra under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) by December 2024, as per the revised deadline set by the Centre. These 3.75 lakh units are a part of the 15.82 lakh units sanctioned for the […]
Introduction In the past ten years, the Indian real estate market has experienced tremendous expansion, and Non-Resident Indians (NRIs) have played a significant role in this boom. NRIs are more likely to purchase a home in India due to hybrid work arrangements, a wish to go back to their country of origin, and a desire […]
We now understand what a mortgage loan is and how it is calculated, so let’s look at some of its key features. A lender may not accept all types of real estate or other properties. Lenders typically accept fully constructed properties, such as your home or a commercial shop. Marketable properties must be freehold, which […]
