When I met one of my friends last week, he was very happy that he is making a huge profit on one of his property investments. He bought a 3BHK Flat in Bangalore in 2012. He purchased the property for Rs 50 Lakhs (including registration & brokerage charges). Now, he is reselling it for Rs […]
Real Estate
REITs in India – Features, Benefits & Tax Implications
REITs (Real Estate Investment Trusts) are soon going to be a reality in India. The Securities & Exchange Board of India (Sebi) has issued final guidelines for Real Estate Investment Trusts (REITs). While the concept of REITs been in existence in developed markets for several years now, it is a new concept in India. In […]
Great opportunity to own a residential site through BDA’s (Bangalore Development Authority) e-auction
Since 2012, BDA (Bangalore Development Authority) has been aggressively offering the plots for sale through e-auction. These are residential sites in well developed localities of Bangalore. Bidding is a hassle-free way to own a property in Bangalore. It is a naked truth that in most of the property deals in India there is always a […]
Bangalore Property Market Review
Bangalore Property market has always withstood the test of time. In this post I am presenting a brief review on the Bangalore Property market’s performed over the last few months. Key points: Bangalore property market remained steady over the last six months. Mid segment properties ( Rs 40-70 Lakhs) have done well in the South, […]
Khatha Registration & Khatha Transfer in Bangalore
What is Khatha? Khatha literally means, account. It is a document that shows a property owner having an account with the Municipality or any civic authority (BBMP -Bruhat Bangalore Mahanagara Palike) for paying taxes. The details of a it include the property owner’s name, size/measurement of property, location,built-up area, vacant or occupied etc., and is […]
Reverse Mortgage (Home Loan)
What is it? A reverse mortgage (or lifetime mortgage) is a loan available to senior citizens. Reverse mortgage, as its name suggests, is exactly opposite of a typical mortgage, such as a home loan. How does it work? In a typical mortgage, you borrow money in lump sum right at the beginning and then pay […]