Author: Neeraj Bhaker

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…

The dream of owning an affordable home is becoming harder to achieve for many Indian homebuyers. Nirupa Shankar, Joint MD of Brigade Enterprises, recently discussed this growing challenge during a conversation with Nikhil Kamath, co-founder of Zerodha, on his podcast “WTF is with Nikhil Kamath?”. Shankar, along with other prominent real estate veterans like Irfan Razack, Chairman and MD of Prestige Group, and Karan Veerwani, CEO of WeWork India, shared insights on why building affordable homes is becoming more difficult. Rising Land Prices: The Biggest Obstacle Nirupa Shankar shed light on how skyrocketing land prices have made it almost impossible…

The Indian real estate market has seen a massive surge in house prices post the COVID-19 pandemic. In the last five years, property rates have witnessed significant hikes in the country’s top cities, with some areas seeing prices rise as much as 88%. This sharp increase in property rates is a clear indicator of a booming real estate market, driven by several factors. Where Have Prices Risen the Most? According to a report by PropEquity, a real estate data analytics firm, Gurugram has seen the highest jump in house prices. Property rates there have skyrocketed by 160% in the last…

Landlords often fear that tenants may attempt to take possession of their property after renting it out. While a traditional rent agreement is common, it may not offer the complete protection landlords are looking for. If you want stronger legal security, the “Lease and License” agreement is a better option. This legal document provides greater peace of mind and protects your ownership rights more effectively. What is a Lease and License Agreement? A Lease and License is a legal document similar to a rent agreement, but with added clauses that offer more protection to the landlord. While rent agreements are…

The real estate market in Noida and Greater Noida is booming this festive season, with home registrations hitting record numbers. Navratri 2024 has brought a wave of excitement for homebuyers, with both cities becoming hotspots for property registrations. The trend is not only providing homes to thousands but also significantly benefiting the authorities in terms of revenue and boosting the real estate sector in the region. This year, the demand for home registrations has surged to new heights. Between Noida and Greater Noida, more than 2000 flats have been registered in just the first six days of Navratri. This marks…

Marriage in India holds significant value, and in many households, it often leads to the daughter’s parents going out of their way to maintain harmony in their daughter’s marital home. However, a recent High Court ruling has clarified that no matter how much financial or emotional involvement the son-in-law has, he has no legal right to his father-in-law’s property. The judgment by the Kerala High Court has highlighted an important aspect of property law, asserting that marriage does not automatically grant property rights to a son-in-law. Even if the son-in-law has contributed financially to the construction or purchase of the…