Real Estate Cycle

Navratri 2021: 6 plants to get home this festival for good luck and prosperity Navratri 2021 is a nine-day festival dedicated to Goddess Durga's nine avatars. Get these 6 new things for your home during these auspicious days to attain good luck and prosperity.   1. Tulsi (Basil) This is believed to be a spritual healing house plant. It is worshipped as the avatar of Goddess Lakshmi. This plant is commonly planted in courtyards in most of Hindu families. If it's not there, then during Navratri plant it in your house, preferably in East or North-East direction of the house. Daily light a deepak of ghee in front of it and pray. Goddess Lakshmi will bless with wealth and prosperity. 2. Kela (Banana) According to Vastu and some sacred scriptures, Banana plant is very auspicious and believed to be a habitation place of deities in the tree. Bring this plant and preferably plant it in North-East direction. On every Thursday mix a small quantity of milk in water and pour it on the plant...

A question that usually troubles almost all home buyers is whether to opt for a ready-to-move-in house or book an under-construction one. Since both these property types serve and suit different purposes and intents, it is imperative to know their pros and cons in details. Here is a ready guide to help you take the decision.   Under-construction property Buying an under-construction property has become one of the easiest ways to realise the dream of owning a home these days. This proposition in real estate comes with certain risks as well, the most common being delayed possession. Let’s have a look at the benefits and drawbacks associated with such properties.   Ready-to-move-in property Due to the incessant delays in project deliveries in the last few years, home buyers have increasingly started preferring ready units. Let’s take a look at the advantages and disadvantages of the same.   Advantages   Under-Construction Property   Easier on the pocket: An under-c...

 RENT OR BUY DECISION???

What to expect in 2021? While there is still a long way to go, the worst is behind for the residential sector. The challenges faced by residential real estate in 2020 have, in fact, become the catalyst in providing stimuli to the industry for sustained growth. With people spending an inordinate amount of time at home, the lockdown re-established the importance of owning a house. At the same time, the Central Bank is leading the way to recovery by holding policy rates at historically low levels to initiate a cycle of consumption led growth. This has resulted in extremely low mortgage rates. And, prices have also been stagnant for the past few years. This affordable synergy makes it a great time to purchase a home. Furthermore, the market is also witnessing renewed interest from Non-Resident Indians (NRIs) impacted by economic uncertainties in Europe and the Middle East. Only credible developers, who are customer-centric and possess proven execution capability as well as quality products...

  2021 SEEMS TO BE BEST TIME TO BUY REAL ESTATE Real Estate has gone through a low cycle since Year 2016 and it is now definitely poised for upward trend.  There seems to be lot of excitement in present times to invest into liquid funds and stock market and this has resulted into stock market touching new highs in almost every trading session. Stock market is an early indication into how economy is about to evolve. This Trend is stock market is seen since last two years (Market had drastically corrected during February, March and April of 2020 due to Covid Panademic and since then market has not given any weightage to Panademic and has only gone up. Prices of Gold are also increasing significantly. Real Estate has its own pace and it generally lags behind other sectors.  The real estate cycle comprises four main phases: recovery, expansion, hyper supply, and recession. This implies that historically, there has never been a sustained expansion or hyper-supply period w...

  Income from House Property and Taxes 1. Basics of House Property Tax A house property could be your home, an office, a shop, a building or some land attached to the building like a parking lot. The Income Tax Act does not differentiate between a commercial and residential property. All types of properties are taxed under the head ‘income from house property’ in the income tax return. An owner for the purpose of income tax is its legal owner, someone who can exercise the rights of the owner in his own right and not on someone else’s behalf. When a property is used for the purpose of business or profession or for carrying out freelancing work – it is taxed under the ‘income from business and profession’ head. Expenses on its repair and maintenance are allowed as business expenditure. a. Self-Occupied House Property A self-occupied house property is used for one’s own residential purposes. This may be occupied by the taxpayer’s family – parents and/or spouse and children. A vacant h...

  New Home Checklist # While a home inspection is simply a visual examination of a house's overall condition, it may turn tiring if you have a lot of options on the plate. So, it is advisable that you first shortlist a few properties that suit your budget and other preferences and subsequently start physically inspecting each of them. Ideally, you should inspect every little physical aspect of the house you intend to buy, particularly if you are buying a re-sale property. To make the job easier, 99acres Buyer Guide presents an easy to use 'Physical Inspection Checklist’ so that you do not miss out on anyWhile a home inspection is simply a visual examination of a house's overall condition, it may turn tiring if you have a lot of options on the plate. So, it is advisable that you first shortlist a few properties that suit your budget and other preferences and subsequently start physically inspecting each of them. Ideally, you should inspect every little physical aspect of the...