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CommonFloor Editorial Team

interest-rates-bankas_slide

RBI repo rate impact on Real Estate

  In what has been rumored as one of the biggest newsmakers for the year, the RBI has disappointed the home loan borrowers by increasing the repo rate by 25 basis points. Such a move has let down the real estate sector significantly, especially as increased borrowing costs can have an adverse effect on property transaction. Increase in repo […]

CommonFloor Editorial Team

Tax

Property tax in Delhi on new parameters

A new set of rules have been designed for the collection of property tax in Delhi by the Municipal Corporation, after its trifurcation into North Delhi Municipal Corporation, South Delhi Municipal Corporation and East Delhi Municipal Corporation. The property taxes for colonies categorized under the different corporations would be now collected by the Commissioner of […]

CommonFloor Editorial Team

NRI’s guide- Factors to consider while selling NRI’s property in India

Legalities involved in the purchase of immovable assets by NRIs have been discussed in the earlier column. Here we will discuss the legal requirements and formalities to be complied with for sale off immovable assets owned by NRIs. An NRI can sell residential or commercial property in India to any resident Indian, an NRI or […]

CommonFloor Editorial Team

Which home loan repayment option suits you the best?

Financial institutions and banks offer a number of repayment schemes to suit the needs of different types of prospective borrowers.  This is primarily done with an intention to attract more borrowers and fence sitters. Some of such innovative repayment schemes are given below: Step-up Option:- This suits the “younger generation and new to employment”the most. […]

CommonFloor Editorial Team

Gift and Relinquishment deed for transfer of Immovable property

Of the various methods for transfer of ownership rights in a property “Gift” and “Relinquishment” are two such methods. Both the aforesaid terms serve the same purpose of transfer of property, have similar implications, but the circumstances in which these are executed are different. Gift of immovable property Gift is defined under section 122 of […]

CommonFloor Editorial Team

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