Advantages Female Home Loan Borrowers Get

India is a country which believes the progress of the nation lies in the progress of women. In the ancient times, women lead the family and played an important part in the financial decisions. With the advancing times, women are now again becoming self-dependent. They are exploring the world, winning medals for the country, reaching heights and buying their own house. While there is a tradition in India that the house is registered under the name of the oldest female member of the house, but she never truly is the owner.

Govt. is now coming up with various plans to encourage the female home loan borrowers. As such, the position of the women in the country is going to be strengthened. Let us see the benefits enjoyed by the women in case of availing the home loans from the banks and other financial institutions.

1. Women get the home loans at cheaper interest rates compared to men. This difference in the interest rate is very small (around 0.05%) but not negligible. Even a minute relaxation makes a huge difference in the monthly EMI to be paid. The home loans are in lakhs so the yearly savings are at least be in the tens of thousands.

2. To reap the benefits, a woman needs to be the only applicant, or the primary applicant if the loan is jointly owned by two people. The joint owner can be the husband; or father, mother or brother if the woman is unmarried. The woman should be financially solid and should have the ability to pay back. The husband-wife combination is the most preferable because it shows the stable future and potential to repay. However, the financial institutions get the assurances against any future disputes between the co-owners and may ask for the affidavits.

3. Women also get the relaxation in the stamp duty. It is the amount to be paid at the time of registration of the house. This varies from state to state and ranges from 2% to 8% of the actual value of the property. This is a huge amount and even a small relaxation is significant. One can avail this advantage only when the woman is the sole owner of the property or if it is jointly-owned, the other partner should also be a woman. This also varies with the states, so get the knowledge about the stamp duty relaxations before buying a property in any state.

4. It doesn’t end here. She also enjoys the tax benefits. When husband and wife jointly own a property, and separately claim the tax benefits, the savings just get doubled, provided the woman also has a separate income source.

5. Women are considered more credible as compared to men when it comes to paying back. They are the safe borrowers with a lower risk profile. So, the loan applications by a woman or by a woman joint owner are less likely to get rejected. Well, this is a not a rule laid down somewhere but women are considered more regular in paying back.

If you are a single woman trying to get by in the men’s world or you are just starting the new phase of your life, amend your credit score, get a home loan and buy your dream house. It is a matter of rejoicing, a way to celebrate freedom.
Original Source : http://www.ownaroof.com/blog/advantages-female-home-loan-borrowers/

 

Budget 2017 Impact on Real Estate in India

The real estate sector, which was hit by the government’s demonetisation drive, got the much needed boost in the Union Budget 2017-18. Here are some of the key highlights pertaining to the real estate sector and their impact:

 Infra status

The Affordable Housing sector has been granted the Infrastructure Status which has been a long time demand from the industry. This is in line with the Prime Minister 's vision of providing Housing for All by 2020. Giving an infrastructure tag to such projects would attract more investors. It would mean developers would have access to cheaper funding and thus addresses issues that private players in this segment face.

 

 

Loan refinance

National Housing Bank will refinance individual loans worth Rs 20,000 crore in 2017-18. This will give a major push to affordable housing companies.

 

Tax exemption

The Government has also proposed 1 year tax exemption from notional rental income from unsold inventory. This would help especially those holding real estate inventory/ stock. This is a great move to providing tax relief to developers in the residential sector where the sales have significantly dropped post demonetisation move.

 

Capital gains on JDA

Capital gains on Joint Development Agreement is to be taxed only when the project is completed. This would provide a great boost to unlocking land for development and reduce litigation.

 
Reduction in holding period

In case of Long term Capital Gains from Immovable properties, the holding period has been reduced from 3 years to 2 years to qualify for benefits of long term capital gains providing respite to investors.

 
Base year change

The base year for calculation of Indexation for long term capital gain shifted from 1981 to 2001. As a result of this resultant gain would reduce & in turn lower taxation.
 

PMAY get huge boost

The Government has allocated Rs 23,000 crore for the Pradhan Mantri Awas Yojna (PMAY) to propose to complete one crore houses by 2019 for those living in kachha houses.

 
Increase in size of affordable housing

In the last budget, the government provided 100% tax exemption on profits, for developers building homes with Built up area up to 30 sq meters in the four metros and up to 60 sq meters in other cities. The Government stated that instead of built up area, carpet area would be applicable.

Home loan rates

The Rate of interest on housing loan to further come down. You can get Property in Jaipur this year easily.
 

Reduction in tax rate

For individuals, the income tax rate is reduced from 10% to 5% for tax slab between Rs 250,000 to Rs 500,000 which means any person whose income is up to Rs. 5 lacs, the tax liability will be halved. Any person whose income is above Rs. 5 lacs would have a net tax saving of Rs. 12,500.

 
Cash ban

It recommended a total ban on cash transactions of Rs 3 lakh and above. This year, we will see the effects of demonetisation (aimed at cutting out black money), the real estate regulatory authority being formed, GST being introduced (which will simplify taxes) and finally the implementation of new development plans. All of these, will lead to more transparency, reliability and timely development

 
Original Source :  https://goo.gl/OsvRqw

Dress to sell : Qualities of a Real Estate Agent

When in doubt, seek the professional help. Real Estate agents are such the experts you should hire while buying or selling a property. They know the market like the back of their hand and can guide you to the right direction. They know the difference between right and wrong without confusion. Hiring an agent always ensures the best in your favour. Let us see what makes an agent great.

1. In-depth local knowledge

It is always better to hire a local agent than the most popular one in the city. The local agents are well-informed. They know the history of the property like whether or not it is haunted. On a serious note, most of the buyers do not have knowledge about what they are getting into before buying, agents have a responsibility to create a trust among the buyers. They should provide real insights to the buyers to help them gain the maximum. He should also be certified to be an agent.

2. Time driven

The longer you wait in the real estate, the more you lose. The agent should always act fast whether it’s selling or buying. For selling, he should be organising the open houses, reaching to the right prospects right away. For buying, he should understand your requirements and start scanning the desired properties. The faster he gets the work done, the credible he becomes.

3. Well-dressed; inside and outside

An agent should also look good. He should always be dressed well to show his commitment towards the work. A casually dressed agent can look lethargic. He should also be polite and no matter what the buyer/seller says, he should not lose his wits. Sometimes, people can be irritating but an agent should always be nice to them.

4. High reaches

He should also be well connected. Connections make the work done fast. The agents have a wide list of buyers and sellers. A good agent can identify the right buyer for the property fast. This is the reason you should contact the experienced agents, they just know their work well.

5. Confident but honest

Real estate is much about the looks. If the agents wear a confidence, they can help the impatient sellers and the anxious buyers. They should not be making false promises like selling the property overnight or for the double the actual value but at least, they offer some confidence to the employer that they have selected the right person for the job.

6. Knack of technology

He should also be a lover of technology. In today’s world, you can find everything on the internet, India is also moving online for finding the right property. Agents need to be tech savvy to provide instant answers. He should know current trends in the market and do not consider the technology as competition.

7. Answers phone

He should always be available for the clients, every time of the day. He should never switch off his phone. He must know the preferred way of communication of the clients. Some like to be called on the phone, some prefer emails while some like to talk personally face-to-face. Agent should reach out even when the clients are pulling back. He should have a proactive approach to crack the best deal every time.

8. Result-oriented

At last, the track record matters. He should have served many clients successfully. Ask for the testimonials and speak to some of the previous clients. If his previous clients are happy with the work, you can gain more trust in him.

So, you know what to look for an agent. Observe the red flags and do not make a mistake. Buying and selling real estate is a big decision.

Original Source : http://www.ownaroof.com/blog/dress-sell-qualities-real-estate-agent/

How NRIs Can Buy And Sell Properties In India

Non-residential Indians do not enjoy the same taxations on real estate dealings in India as the residents. Before buying or selling the real estate in India, it is essential that they comply with the tax rules. Since the NRIs have been showing tremendous interest in the properties in India for the last few years, the Foreign Exchange Management Act has established some ground rules.

1. If the property has been inherited by the NRI, he would not have to pay the taxes on the ownership. When he sells the property or rent it, he would be liable to pay the taxes for that.

2. Any non-resident Indian can buy immovable properties in India provided it is not any agricultural land or a farm house.

3. If any NRI is buying flats for sale in India worth more than 50 lakh, he would have to pay 1% income tax to the Income Tax Department of India.

4. If NRI takes a home loan to buy the said property, the interest on the loan is deducted from the total taxable income of NRI. If he intends to use the property for himself, the maximum amount that can be deducted is 1.5 lakh. If he is using the property for renting purposes, there is no upper limit on the deduction, it happens to be the total interest on the loan.

5. If the NRI is renting the property bought, 30% of the rent is allowed for the repairs and maintenance of the property. The house tax payment is also allowed as the deduction.

6. When it comes to selling the property which has been owned by the NRI for less than 3 years, the profit is called the short-term capital gain. This gain being equal to the selling price minus purchase price. A 30% tax is imposed on this amount without the adjustments for the property price rises.

7. If the property has been in the possession of the NRI for more than three years, the capital gain tax is imposed on the profit after the property appraisal adjustments. This amount being the selling price minus current price of the property. Moreover, the taxes imposed on the property is 20% in this case. That clearly indicates that if any NRI buys a property in India, he should at least be willing to keep it for 3 years to get a good return on the investment.

8. If the income of the NRI in India from all the sources is more than 2.5 lakh, he is entitled to pay the income tax. The income tax return need not be filed if the total income comprises of only the sale of the properties whether short-term or long-term capital gains.

So, this is all an NRI wants to know about the taxes before dealing with any real estate business in India. The Indian economy provides a great margin of profit on the property transactions. It is extremely beneficial for anybody to invest in India, so in exchange, all India needs is to maximise the return on the foreign investment.

Original Source : http://www.ownaroof.com/blog/nris-buy-sell-properties-india/

अपना घर तो अपना होता है

सड़क पर कुछ छोटे छोटे बच्चों को आधे कपड़ो में देखा तो अहसास हुआ के हम तो बहुत किस्मत वाले है के हमारे पास अपना एक घर है। हमारे पास एक छत है जो हमे बारिश से बचाती है और वो चार दीवारे जिनके भीतर हम सुरक्षित महसूस करते है।

चाहे अपने घर में कई कमिया हो, पर अपना घर तो अपना होता है। ये वो एक जगह होती है जहा आप जैसे है वैसे रह सकते है; फिर भी सभी आपको प्यार करते है। जब हम नए लोगों से मिलते है तो नाम के बाद उनका दूसरा सवाल होता है “आप कहाँ रहते है?” आपका घर आपकी पहचान होती है, ये आपके व्यक्तित्व को बयान करती है। हाँ, आप किराये के घर में रह सकते है पर क्या वो घर कभी भी आपकी पहचान बन सकता है?

कहते है की एक घर आपकी जिंदगी भर की जमा पूंजी होता है और भारत में ज्यादातर लोग एक ही घर में अपनी पूरी जिंदगी निकल देते है। अपना घर खरीदना अगर अभी मुश्किल लग रहा हो तो इतना समझ लीजिये के ये कभी आसान नहीं होने वाला। अगर घर खरीदने का कोई सही समय है तो वो अभी है। चाहे आपको एक आलिशान विला खरीदना हो या एक छोटा सा फ्लैट, एक सही घर की शुरुआत हमे अभी से करनी है।

अपना घर खरीदने के ये कुछ फायदे शायद आपको एक सही निर्णय लेने में मदद कर सकते है।

१. आज़ादी
इस स्वतंत्रता दिवस अगर सच्ची आज़ादी चाहिए तो क्यों न किराए के घर से निकल कर अपने घर में गृहप्रवेश करे? अपने घर में दीवारों के रंग से लेकर रहने के ढंग तक; सभी फैसले आपके अपने होंगे। दिवार पर फोटो लगाने के लिए दो बार सोचना नहीं पड़ेगा के मकान मालिक ने ऐतराज किया तो क्या होगा? जयपुर में प्रॉपर्टी आप इन्टरनेट पर भी बुक कर सकते है। किराए के घर से आज़ादी अब और आसान हो गई है।

२. निवेश
घर खरीदना एक बहुत मुश्किल कार्य है परंतु आपने अपने बड़ो से ये तो सुना ही होगा “प्रॉपर्टी की कीमते बढ़ती ही है, कम नहीं होती”। आपका घर आपको वित्तिय सुरक्षा भी देता है। जितना जल्दी हो सके हमे अपना घर खरीद लेना चाहिए, अगर ये वो घर नहीं हुआ जिसकी आपने कल्पना की थी, आप इसे किराए पर भी दे सकते है।

३. स्थायित्व
अपने घर में आपको आज़ादी ही नहीं सुरक्षा भी मिलती है। आपको हमेशा ये डर नहीं रहेगा के अगर मकानमालिक को एक नया किरायेदार मिल गया तो क्या होगा? ये आपका अपना घर है और इसे आप से कोई नहीं छीन सकता है। एक नयी शुरुरात करने के लिए या परिवार को आगे बढ़ाने के लिए अपना घर सही विकल्प है।

४. स्वामित्व का गौरव
‘मेरा घर’। एक घर को अपना घर कहने में जो गौरव की अनुभूति होती है वो अदभूत है। घर की महिलाओ को घर की चाबी कमर में बंधने से जो स्वामित्व का एहसास होता है वो दुनिया में किसी चीज़ से नहीं होता है। शायद इसीलिए अपने घर आते ही ह्रदय राहत और ख़ुशी से भर जाता है।

तो अब ज्यादा सोचे बिना एक फैसला ले और जो रकम आप सालो से बचा के रखे है उसका सही जगह उपयोग करे। अगर ये वक़्त अपना घर खरीदने के लिए सही नहीं है, तो सही वक़्त शायद कभी नहीं आएगा। जयपुर में एक बी.एच.के. फ्लैट के कई विकल्प है, वो चुनिए जो आपके बजट में है।
फैसला आपका, घर आपका।

Original Source : http://www.ownaroof.com/blog/your-home-is-your/

Some Clicks are More than Enough Now to Buy your Own Roof

Buying a house is already a tough decision; the process need not be more excruciating.

Own house marks an important milestone in the lives of the people and it is the memories that they cherish for the rest of the life.

A person needs to be financially competent, he needs to be self-reliant, he has to fight with the daily stress and fear that anything can go wrong.

If you have bypassed the first step and you are sure that you need to buy one of the flats in Jaipur, the hard part is done. Now all you have to do is take out your laptop or the smartphone and start browsing.

Too complicated and you have no vague idea?

Let us together buy a house of which you can be a proud owner.

1. The extensive search

You do not want to get stuck with a home that is not meant for you. As such, you have decided some criteria like 1BHK or 2BHK. You do not have to check every listing that is not relevant. The top online property listing sites allow the extensive filters which allow shortlisting the houses based on the requirements. Thus, you will be shown only the houses that you may be interested in. This is almost congruent to a broker who knows your requirements and shows you the houses of interest.

2. Make the best use of the time saved

You will save a lot of time by browsing the properties online, this time saved, can be utilized in shortlisting the best few for yourselves. Just look at every aspect of the property. Some sites show you the 360 views and the thorough knowledge of the space and interior. Do not hesitate in checking out the property at various sites to gather the optimum knowledge about it. The details down to the minute points will give a clearer idea of the house.

3. Peep into the neighbourhood

This thing works the best if you want to buy a house at a place which is far far away. It is not possible to visit every open property just to be disappointed at the end. The online sites would help you meet your perfect place with the great neighbourhood. You can find local activities like celebrations, crime rates, locality, the parks, and schools nearby etc. Of course, it cannot be comparable to talking to a neighbour personally but in the world of competition, the sites only display the facts to beat the competition. After all, their credibility is associated with it.

4. The price comparison and finding the best offer

Who said you have to be loyal to a site. Just open various websites that list online properties for sale at a time and try to locate the same property or the similar ones. You can compare the prices and get the house at the most affordable rates. These websites also offer easy EMI options to make the payments without getting financially drowned. The blogs on the websites help you with a better understanding of the procedure of buying a house.

5. Read the review or ask around

The internet is a treasure of the information. You can find nearly everything on it if you search. Today, the e-commerce world is guided by the reviews and the trust is the new currency. It is the general habit of the audience that they may not praise a thing but they are ready to pinpoint the shortcomings. Read the online reviews to find if you are making the right decision. If possible, you can talk to your friends who live in the locality to get the inside knowledge.

6. A small physical inspection

You know a few properties which fit your description of the ‘house’. It is the time to get on the foot and visit them to get the real experience. You already have collected enough insights about the house and this is more of a formality to see if everything checks out. Do not hesitate to ask the questions. If the physical inspection is not possible for you, you can contact the customer care executive of the property listing site. These people are always ready to help and can give you all the answers.

7. Seal the deal

You know what needs to be done. This is the time to realize all those dreams of owning a house. Get the finances on the track and pay to sign the contract. You are more fortunate than a large group of the population which do not have a house with their names written on it. Love your house because within these four walls, no one judges you.

8. Own a roof
So, you have a house now. Decorate it as the way you want. Do not hold back because this piece of land is yours and no one can take it from you. You deserve it and you worked hard for it. Have a great life ahead.

We wish you a very happy own house.

Original Source :  http://www.ownaroof.com/blog/clicks-buy-roof/

REPUTABLE BUILDER FOR YOUR DREAM HOME

Whether you want to purchase small, big or a modest home, you have to spend a lot of time and money to choose best. But before investing one should keep in mind that in which they investing is right for them. Because home is that place where whole family live together to share lot of sorrow and joys. So it is more necessary to choose the best home with the help of the best builders which give you the guarantee the success of your building projects. For that, it is important to work with reputable builders.

Before build your dream home, there is many thing to consider when you select the right contractor like period of time, logistic, price and others. If you are not decide the right builder then you can ask them your query like about the registration , professional membership, customer support services before or after the projects, normal downtime in between project, services and warranted  process. Ask builder for the written warranty, which help to easily understood the warranty cover, term and condition of the services and the method for service requesting.

For getting best result, first choose the best builders from whom you deciding to purchase the property for that you should think about the latest technologies that they used for your dream home. Reputed builders always avoid the unnecessary expenses and concentrate more in best quality. Investor can get the number of contractor and call them for any queries and suggestion. Make the correct decision before hire anyone.

Investor can get the advice from their friends for any recommendations as to which builder is better for getting service. You can also ask your doubts from them like: about their result, completion of project according to schedule and budget, building experience, communication problem and others. Might be your friends able to give some good advice for choosing best builder.

The decisions to selecting the best house is not being taking lightly it involve lot of money and time. Therefore, finding best property in Jaipur getting genuine builders is extremely important. A Reputed builder is always complete their responsibility with high standard.

Top 9 Real Estate Company in Jaipur

Owning property from a renowned builders is always worthy as you are free from the hassle of fake documentation, lack quality in construction and nimble design. Renowned builders are meticulous about their reputation in market, therefore they always striving to give more luxury and standard through their development.

Here we pushed light on top 9 Celebrated Builders who are sought after for their cutting edge design and class in construction.

Unique Builders

UB acronym of Unique Builders is one of the celebrated builders in Jaipur. The company is the subsidiary of Mannat Group, in the last decade UB get the Hikes in building and construction that makes them popular not just in Jaipur but also all over the India.

Featured Projects in Jaipur

• My Haveli
• Unique Savi Emporia
• Unique Prime
•  Unique Aura
• Boulevard

APEKSHA GROUP

Apeksha is another renowned builder of Jaipur. The ethos of the company is to offer their clients classy and luxury living from the basket of plentiful living options offered by the group.

Featured Property in Jaipur

•  Atelier
• Jai Vilas
•  Rudraksh Apeksha
•  Festiva

Anukrriti Group

Anukrriti Group is one of the prime Builders of Jaipur, the company comprise the devolvement of residential, commercial and retail projects. The project of Anukrriti Group includes Homes, Industrial Parks and Commercial Complexes.

Featured Property in Jaipur

•  Anukrriti’s Township
• Garden 41

SDC Group

SDC Group have outreach their business roots in diverse areas such as retail outlets,  woollen yarn and real estate. The company start their hands in development in 2002. The development that are done under the SDC group are counted exemplary.

Featured Property in Jaipur

•  SDC Dav
• SDC Classic
• SDC KARAN HEIGHTS
• Rukmani Garden
• SDC Victorian Empire
• SDC Golden Opulence
• SDC Ashiyana Apartment
• Golden Heights
• SDC Suman Abode

Sunny Group

Sunny Group was founded by Mr. M Akhlak in 1980s, a canny business man who knows that Jaipur will become one of the hubs for residential and commercial purpose. The group have launched more than 20 projects at prime locations of Jaipur. The development comprises Hotels, Shopping Malls, Commercial Plaza, Restaurants and Apartments.

Featured Property in Jaipur

 Sunny Studio Exotica
 Sunny Enclave
 Sunny Square

Vardhman Group

Vardhman Group is standing from the last 33 years in development and construction.  The group always upgraded with professional resource to deliver high quality in its projects. The residential projects executed by Vardhman Group have been appreciated for their foresight and attention to details.

Featured Property in Jaipur

 Vardhman Western Heights
 Vardhman Majesty
 Vardhman Residency
 Vardhman Apartmant
 Vardhman Aspire
 Silver Crown
 Arcadia Greens

DND Group

DND Build Home PVT Ltd. is also a renowned development and construction company. The company indulge in residential and commercial property development.  The group is one of the fastest thriving entities in real-estate sector.

Featured Property in Jaipur

 LA FORESTA
 King’s Landing
 Samriddhi Residency
 DND Lakshdeep
 Royal Platinum
 Govind Residency

Okay PLUS Group

Okay PLUS Group is the one of the trusted name in Rajasthan dovelopment and construction group. The founder of the group is Mr. O.P.Modi , Okay PLUS Group frames itself as one of the Rajasthan’s largest Real Estate group.

Featured Property in Jaipur

Ashiana Group

At Ashiana Group, the ethos of the company is never repel from the commitment and goes beyond the expectation of flocks to provide streamline development that they never aspire. 

Featured Property in Jaipur

 Bhavyaa Paradise
 Gulmohar Gardens
 Vrinda Gardens
 Ashiana Umang

If you are eager to occupy your own home and are looking for apartment, villa, penthouse and flats in Jaipur you do not need to wander for the search. With the bless of Own A Roof now it’s hunky dory with the click on OwnARoof.com website you can find all property details listed by genuine sellers.  The best thing with this area is that you can narrow down your search according to your budget and also set the desired location where you looking property. You can also find exact result like 1 BHK flats in Jaipur, 2 BHK flats in Jaipur, 3BHK flats in Jaipur and 4 BHK flats in Jaipur by using our brand new search customization feature.    

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