Balewadi Real Estate Market Insight. New Projects in Balewadi.

In reality, fully understanding a commercial lease requires attention to detail and help from a property broker. Who will be responsible for paying property taxes and insurance — you or the landlord? Who will pay for utilities? Who will cover maintenance expenses? To discover the answers to those important questions, you need to know exactly what kind of commercial lease you are signing. Lease...

In India, there are two major types of property ownerships i.e. freehold and leasehold properties. The major difference between freehold and leasehold property in India is the ownership tenure. In case of a freehold property, the land ownership stays with the owner for an indefinite period of time. Whereas, in a leasehold property, the ownership of the land stays with the owner for the period mentioned...

When you sell a property, be it a home or land, you have to pay capital gains tax on the same. Capital gains tax is of two types- Short-Term Capital Gains (STCG) for a property held for less than 36 months and Long-Term Capital Gains (LTCG) for above 36 months.In the case of STCG, the profits generated in the process of selling land is included in the taxable income of the owner and he/she has to pay...

Investigation of title is very essential since the ownership of the property is required to be complete, fair & free from any doubts, risks & interest. The purchaser must take all necessary steps at the time of acquiring property to obtain a good & clear title of the land. When search is conducted unto the property of the person who owns it, it is called the Investigation of Title. It is also...

A will is a legal declaration a person makes about the way they want their property managed or distributed after their death. Although a will is a legal document, there isn’t any prescribed form it must take. For instance, you don’t need to write a will on stamp paper and it can be either typed or handwritten. However, a handwritten will is preferred as it is more difficult to refute. According to the...

When property is given to another person without any or little consideration, it is termed a gift. The property can be movable or immovable. A gift is valid if it is made voluntarily by the person giving the property and is accepted by the person to whom it is given. Let’s discuss how immovable property can be gifted to a near one. Gift Deed A gift deed is an agreement that is used, when a person...

At its basic, Home Finance (also known as Home Loan) refers to the financial assistance taken from a bank or any financial institution (lender) to buy or construct a house; whereas Home Mortgage (also called as Loan Against Property or LAP) refers to financial assistance taken against a house or an immovable property for any use, as per the requirement of the borrower.  Understanding Home Finance...

A Power of Attorney (POA) is a useful instrument for Non-Resident Indians (NRIs) who own a property in India.

As per the Income-tax Act, the income received as rent from the building or house is taxed under the head, ‘Income from House Property'.