Author: Neeraj Bhaker

Luxury homes are flying off the shelves, with growing demand across cities like Delhi, Mumbai, Pune, and Bengaluru—and now even in Thane. Oberoi Realty, one of India’s top developers, achieved a new milestone by selling flats worth Rs. 1,348 crore within three days of opening bookings for its latest project in Thane. The company launched the first phase of its ambitious “Oberoi Garden City Thane” on October 18, 2024. As per the company’s announcement to the stock exchange, these bookings covered 5.65 lakh square feet of carpet area. 75-Acre Township with Premium Amenities Spread across 75 acres, the Oberoi Garden…

Buying property in India is a significant investment, and ensuring you have the right ownership documents is crucial. While some buyers opt for a full payment agreement in an attempt to save money or simplify the process, this route can lead to serious complications. A full payment agreement does not legally grant ownership, leaving the buyer vulnerable to losing the property they have paid for. Let’s explore why registering your property is essential, the risks involved with a full payment agreement, and how to safeguard your investment. Full Payment Agreement: A Weak Method of Ownership Transfer A full payment agreement,…

Mumbai is known for its sky-high property prices, and the scarcity of available land makes it even more valuable. The city, with its thriving real estate market, is home to Bollywood and serves as India’s financial hub. While the city is always expanding upwards, the available land is surprisingly concentrated in the hands of a few major families and trusts. Let’s take a closer look at who controls a significant portion of Mumbai’s land and how they acquired it. 1. Godrej Family: Leading Landowner in Mumbai At the top of the list is the Godrej family, which owns a massive…

This Diwali season, Delhi-NCR is expected to witness an explosion of new housing projects worth over Rs 1 lakh crore, marking one of the biggest real estate surges in recent times. Several developers had delayed the launch of these projects due to the Haryana elections. Now, with the elections concluded and a new government in place, the market is primed for action, with big names in the real estate industry preparing to roll out their projects in the festive season. Key Developers Gearing Up for Diwali Launch Well-known developers such as DLF, Signature Global, Max Estates, and TARC are already…

Buying a house is a major financial decision that requires careful consideration. Whether it’s your first home or an upgrade, choosing the right property ensures peace of mind and financial security. In this post, we’ll explore four crucial factors to help you find your perfect home and avoid common pitfalls. Let’s break down the things you should focus on to make your home-buying process smooth and stress-free. 1. Location Matters the Most: Think Beyond the Present The location of your property is not just about convenience but also about its long-term value. A well-chosen location ensures easy access to transportation,…

The trend of Indian investors purchasing properties abroad has picked up in recent years, with cities like Dubai, London, and California becoming top destinations. Interestingly, many are now buying these properties in the names of their minor children, a move that offers both financial and tax advantages. This strategy has become more prominent after changes to the Liberalized Remittance Scheme (LRS) of the Reserve Bank of India (RBI) came into effect. Under the LRS, Indian citizens can remit up to $2,50,000 (around ₹2.10 crore) annually for travel, education, and property purchases abroad. However, updated rules introduced in August 2022 have…

The National Pension System (NPS) Vatsalya is a new pension scheme designed to help parents secure the financial future of their children. Parents or guardians can open an NPS Vatsalya account and contribute regularly to build a fund that their child can benefit from when they reach adulthood. While the scheme appears promising at first glance, several factors could make it less appealing compared to other investment options for your child’s future. If you are considering the NPS Vatsalya scheme for your child, it’s essential to weigh these potential drawbacks before making a decision. 1. Limited Liquidity Options One of…

A recent survey by FICCI and real estate consultancy ANAROCK has revealed that rising home loan interest rates could lead to a significant shift in buyer sentiment. If home loan rates exceed 9%, nearly 90% of potential buyers might rethink their decision to purchase property. The ‘Homebuyer Sentiment Survey,’ conducted with a sample of 7,615 participants, highlights how interest rates are a crucial factor in the home-buying process. Impact of Rising Interest Rates on Buyer Sentiment The survey findings indicate that if mortgage rates remain below 8.5%, over 71% of respondents will proceed with their home-buying plans without hesitation. However,…

With the festive season in full swing, many Indians are gearing up to make big purchases, and property is at the top of that list. From October to mid-November, the auspicious period includes festivals like Dhanteras and Diwali, making it a popular time to invest in real estate. If you are planning to buy a house or flat, this time of year brings plenty of opportunities to secure attractive deals. Here’s how the festive season can help you save on property and why it’s the best time to make that big decision. Why the Festive Season is Perfect for Buying…

The Supreme Court of India has recently given a significant ruling regarding the property rights of children born out of wedlock, providing much-needed clarity on this sensitive issue. Children born out of invalid marriages or void marriages often find themselves in a precarious legal position when it comes to inheritance and property rights. The apex court’s new ruling ensures that such children are not deprived of their rightful share in the self-acquired and ancestral property of their parents. This ruling has far-reaching consequences, especially for families governed under the Hindu Marriage Act, 1955. The Key Ruling: Children Born from Invalid…