Getting Property Insurance Could Mean Cheaper Home Loans 

In India, Home or property insurance is a popular banking product. Being secure is better that being sorry- the essential theory behind the concept of insurance.

After the Monetary policy review on February 8, The Reserve Bank of India, (RBI), left the repo rate unchanged at 6.25 percent. Finance Minister Arun Jaitley too conceded to the RBI’s decision. Now, developers and prospective buyers are waiting for the Central bank to cut key rates in the next policy review in April.

Getting Property Insurance Could Mean Cheaper Home Loans 

Getting Property Insurance Could Mean Cheaper Home Loans

According to media reports, the national Housing Bank (NBH), along with the Indian Institute of Insurance is working to build a frame work that could make cost of home loans cheaper by 50 basis points, if the borrower opts for property insurance. [Read more…]

Mumbai to Get Two New Metro Corridors

Prime Minister Narendra Modi laid the foundation stone of Metro 2B and 4 on 10th Dec in Mumbai. They did this before the Mumbai civic Elections that were held on 21st Feb. The BJP won the civic polls and have planned to improve the infrastructure and connectivity further in Mumbai.

Mumbai to Get Two New Metro Corridors

Mumbai to Get Two New Metro Corridors

This Metro 2B corridor project between DN Nagar and Mankhurd will have 22 stations in between and will cover 23.5 km. The project is worth around Rs. 10,986 crores. The second Rs. 14,549 crore metro 4 corridor will lie between Wadala and Kasarvadardi in Thane, is the longest corridor in MMR and will cover 32 stations covering 32km. [Read more…]

6 Trends That Will Rule Indian Real Estate In 2017

Year 2017 is set to define Indian Realty. Few game changing policies like RERA and GST are likely to be fully implemented and the benefits will be visible. Also, the demonetization drive created ripples in the short term for the already reeling realty sector. Some of the trends that are likely to define real estate in 2017 include-

6 Trends That Will Rule Indian Real Estate In 2017

6 Trends That Will Rule Indian Real Estate In 2017

1- Sector to see major consolidation

Realty sector is heading towards a major consolidation activity during 2017. The small developers who follow unscrupulous activities will either become a thing of the past or will merge with the bigger fish, so that the end result is transparency and efficiency. In the wake of several game changers including RERA , Benami Properties act etc., smaller players will find it extremely difficult to function and survive without a benefactor. [Read more…]

Knight Frank Wealth Report: 5% of World’s Ultra-High Net Worth Individuals Live in India

India is expected to account for 5% of total Ultra High Net Worth Individuals [UHNWIs] in the world by 2025. According to Knight Frank wealth report-2016, the country’s share in the total number of billionaires is expected to rise to 6% by 2025. The UHNWI count over a period of time has also risen. This report also states that India ranks third in the projected absolute increase in UHNWI population, over the next ten years. They will top over China with the U.S topping the list.

Knight Frank Wealth Report: 5% of World's Ultra-High Net Worth Individuals Live in India

Knight Frank Wealth Report: 5% of World’s Ultra-High Net Worth Individuals Live in India

At present India has around 2% of the world’s millionaires and 5% of the world’s billionaires. The number of super-rich Indians grew the sixth fastest in the world between 2015 and 2016, this was the in the latest report by Knight Frank, a global property consultant. [Read more…]

Beach House Investment: Financials That It Entails

Weekend homes also called as second homes or vacation homes are currently an oasis of market activity in India’s real estate sector. The trend that is really catching on, nowadays, is investing in a property near the beach—your very own beach home that is also a source of regular cash flow. A beach home should be ideally bought after one’s primary home is secured. If the first home is debt free and one has sufficient reserves, then investing in a bungalow on the beach makes perfect sense.

Beach House Investment: Financials That It Entails

Beach House Investment: Financials That It Entails

Buying a beach home can be a good investment providing you with a regular source of income in the form of rent and also a place for spending vacation on the beach free of cost whenever you desire. Many real estate investors find a beach home in an area which is highly visited and with a high rental demand. The investor can make ample money to cover the expenses for the year. It gives an added benefit to the owner who can use it for free during the slack season. [Read more…]

How to ‘Mix & Match’ Old Artworks and Antiques in a Modern Theme Décor

One of the biggest misconceptions about interior design is that a room has to be a particular style, either vintage or modern or contemporary or antique. But in reality rooms filled with a mix of old and new pieces are often the most livable. Get a little innovative and you will be successful in marrying the old and the new, with a wee bit of imagination and experimentation.

How to ‘Mix & Match’ Old Artworks and Antiques in a Modern Theme Décor

How to ‘Mix & Match’ Old Artworks and Antiques in a Modern Theme Décor

Match the old and the new-

Marrying your old furniture with new contemporary pieces looks really attractive if done properly. How about using an assortment of old chairs around your contemporary table or placing a modern lamp on an old antique side table? This contrast of old and new draws attention to the individuality of each piece. And yes, vintage look gives that aged lived-in quality and warmth that new items don’t. [Read more…]

All You Need To Know About Capital Gains Tax

What is capital gain? This is a crucial question which every layman wants answered. A capital gain is the profit that the investor earns when he sells his capital assets at a higher price than the purchase price. The transfer of the capital asset must be made in the previous year and this is taxable under the heading ‘capital gains’. So there must be a capital asset, transfer of the capital asset and profits or gains arising from the transfer. For example, when you transfer your property to someone else in the form of sales and earn a profit, it is known as capital gains.

All You Need To Know About Capital Gains Tax

All You Need To Know About Capital Gains Tax

Capital Gains include any property held by the assesse except the following-

  • Stock in trade

  • Agricultural land and other forms of real estate

  • Gold bonds, National Defence Gold Bonds and Special Bearer Bonds

  • Gold Deposit Bonds under gold deposit scheme

  • Personal effects that is movable except jewelry, sculpted art works.

[Read more…]

PMAY: Govt Announces Interest Subsidy on Home Loan; EMI to be Reduced by Rs 2,000

Post-demonetization benefits are coming to the people in different forms. As per a recent announcement, the government is offering 3-4% interest subsidy onhome loan of Rs 9 lacs to 12 lacs, which will reduce the EMI by Rs 2,000 approximately. You can avail this benefit if you are buying a new property in an area that comes under Pradhan Mantri Awas Yojna (PMAY); your annual household income needs to be in the range of 12-18 lacs.

PMAY: Govt Announces Interest Subsidy on Home Loan; EMI to be Reduced by Rs 2,000

PMAY: Govt Announces Interest Subsidy on Home Loan; EMI to be Reduced by Rs 2,000

This is a step to encourage middle-class people in urban areas to buy their dream home. The benefits can be availed by families comprising of wife, husband and unmarried children as well as by the unmarried and earning young adults who want to buy their first-home in an urban location. [Read more…]

Financial Goals Every Couple Must Set

It is never too late to set new goals. If you want to understand what went wrong in the past and how to rectify your mistakes in the future, this is the right time to set up your financial goals along with your partner. Everybody has dreams and desires, and to fulfill them you need to set goals. You then have a set path along which you can go to realize these dreams and turn them into reality. Your dreams/wishes need an action plan behind them – something that spells how you can convert your dreams into something real.

Financial Goals Every Couple Must Set

Financial Goals Every Couple Must Set

This is especially important when it comes to financial goals. Since they require regular investments of money and lots of effort over a long period of time, you and your partner need a workable plan to bring them into reality. Merging finances as a couple will bear fruitful results in the near future. It is important that you as a couple have to be on the same page where your finances are concerned. One cannot be a miser while the other paints the town red.

Here are some tips which a couple can use to set their goals right so that every move is crystal clear. [Read more…]

Benefits of Investing In Real Estate Private Equity Funds

No business can run without funds. However, funds are obliged to pay the interest on borrowed money which will come from a flourishing business. To circumvent the heavy risks of taking debt, the concept of equity has evolved which permits shareholders as legal proportionate firm holders. Stake holders provide the funds, thus enabling the operations. The property sector typically involves enterprises that are capital intensive.

Benefits of Investing In Real Estate Private Equity Funds

Benefits of Investing In Real Estate Private Equity Funds

Real estate is one of the most popular investment options for majority of Indian households, usually done by investing in residential apartments or residential plots. Like gold real estate has been regarded as a safe investment. Over the past few years, structured and formal routes in real estate have increased which is primarily a structured deal via subscription to Non-Convertible Debentures [NCD]/ Optionally Convertible Debentures [OCDs] by the SPV developing a project. [Read more…]