Buying vs renting homes: Should I invest in a house or pay rent and invest in other avenues?

Buying vs renting homes: Should I invest in a house or pay rent and invest in other avenues?

The debate over whether to purchase or rent housing continues. Individuals grapple with the decision of whether to invest in a home or allocate funds to renting and alternative investment opportunities. Recent reports suggest a noticeable shift toward homeownership, indicating a change in consumer behavior driven by the increasing appeal of property ownership, largely due … Read more

Real estate query: Leasehold vs Freehold Property – What’s the difference and which is more beneficial?

Real estate query: Leasehold vs Freehold Property – What’s the difference and which is more beneficial?

In India, freehold and leasehold properties represent distinct ownership models. Freehold properties grant complete ownership of the land and structures, providing owners with full control and autonomy. On the other hand, leasehold properties involve renting the property for a specific duration, resulting in limited ownership rights and reduced maintenance obligations. A leasehold property is essentially … Read more

Real estate: UP government issues new norms for registration of houses; experts

Real estate: UP government issues new norms for registration of houses; experts

Real estate: The Uttar Pradesh Government has introduced new regulations that mandate the registration of builder-buyer agreements upon payment of 10% of the flat’s price. This development has led to concerns among both buyers and developers. Homebuyers are required to pay a percentage of the property’s value as stamp duty to facilitate its registration in government … Read more

Investment proof submission: Section 80C and other sections that can fetch you exemption under Old Tax Regime

Investment proof submission: Section 80C and other sections that can fetch you exemption under Old Tax Regime

It is that time of the year when you will be asked to submit investment proof so that your workplace can deduct tax before the end of the fiscal on March 31, 2024. On one hand, the Income Tax department deducts tax, but at the same time, it promotes savings and investments among taxpayers. It … Read more