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 […]
Topics - 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 […]
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 […]
Options for adding Spouse’s name as co-owner of the Property
Adding another owner (as co-owner) to your property can be done through.. Sale Deed : You can include your Spouse’s name in the new sale deed mentioning the ratio or portion of the ownership and get it registered. The stamp duty is typically in the range of 5-12.5% of the market value of the property […]