Author: Neeraj Bhaker

As Navratri approaches, the Ghaziabad Development Authority (GDA) is offering an exciting opportunity for property buyers in Delhi-NCR. Over 175 properties, including residential plots, commercial spaces, and shops, will be up for auction. This is a chance for homebuyers and investors to secure valuable land at much lower prices than usual, with options available in prime locations such as Indirapuram, Vaishali Sector 6, Koyal Enclave, and others. What’s on Offer: A Range of Properties Across Ghaziabad The GDA is set to auction plots in various schemes, offering land sizes that cater to different needs. For example, in Indirapuram, you can…

India’s real estate market saw a significant drop in housing sales during July-September 2024, with a decline of 11% across the top seven cities. This decline in residential sales has been attributed to the increase in property prices and a lower number of new launches. According to a report by Anarock, one of the leading real estate consultancies, home sales in these major cities reduced from 1,20,290 units in the same quarter last year to 1,07,060 units this year. The rise in property prices, averaging 23% on an annual basis, has made it more difficult for buyers to invest in…

Owning a home is often seen as a major life milestone, especially in India. People associate owning property with stability and success. It’s common to hear stories about someone who bought a house as soon as they got their first job. But is that the best financial decision for young professionals? With easy access to home loans, it’s tempting to jump into buying a house early in your career. However, this choice might not always be the smartest move, especially when compared to renting. Let’s explore why buying a house as soon as you start working might not be the…

The trend of Indians purchasing property abroad has grown significantly in recent years, with popular locations like Dubai, London, and California becoming hot spots for investment. A new pattern has emerged where wealthy Indians are buying property overseas in the names of their minor children. They are doing this by taking advantage of a government rule under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI). Let’s explore how this works, the legal aspects involved, and the complexities around tax filings. What Is the Liberalised Remittance Scheme (LRS)? The LRS allows Indian residents to send up to…

When we think of famous figures like Abraham Lincoln, Pablo Picasso, and Agatha Christie, we rarely associate them with the absence of a will. Yet, all three passed away without preparing one, leading to complications in the division of their wealth. A will is a crucial document that ensures your assets—whether immovable like property or movable like shares, fixed deposits, and mutual funds—are distributed according to your wishes after your death. Common Misconceptions Around Wills Many people assume that writing a will is unnecessary, especially when they trust their children or family members to divide the property fairly. Some believe…

For many people with modest salaries, the dream of owning a home may seem out of reach. But what if you could buy your own house with just a ₹20,000 monthly salary? Thanks to the Delhi Development Authority’s (DDA) Sasta Ghar Housing Scheme, even individuals with lower income can afford to buy a house in Delhi. Let’s break down how this is possible and what you need to know to turn your homeownership dream into reality. What Is DDA’s Affordable Housing Scheme? DDA’s Sasta Ghar Housing Scheme is aimed at people from lower-income backgrounds, specifically for those in the Economically…

Over the past few days, real estate stocks have been witnessing a consistent drop, raising concerns among investors. On Wednesday, the Nifty Realty Index was trading lower, with stocks of major companies like Prestige Estates Projects, Sobha Limited, Phoenix Mills, DLF Limited, and Macrotech Developers taking a hit. The real estate market, which saw a boom post-pandemic, now seems to be entering a phase of slowdown. Signs of a Property Market Slowdown One of the primary reasons behind the dip in real estate stocks is the slowdown in India’s residential property market. According to industry reports, real estate sales in…

The capital of Jharkhand, Ranchi, is witnessing a major real estate boom, especially in the Sukurhutu area. With the construction of a new Transport Nagar in the region, land prices have surged dramatically, turning once-affordable plots into high-value properties. Over the past few years, land rates have climbed, drawing the attention of investors and residents alike. Transport Nagar Drives Up Land Prices in Two Years A major factor behind this sharp increase in land value is the Transport Nagar project, which has been under construction for the past two years. Real estate expert Jageshwar, co-founder of Homely Real Estate Network,…

If you dream of owning a house, Haryana’s Chief Minister Rural Housing Scheme might be the right opportunity for you. Under this scheme, the government is providing free plots of 50 and 100 square yards to eligible families. Plus, beneficiaries can also avail a loan of Rs 6 lakh from the bank to build their house. But don’t wait too long! The last date to apply for this scheme is 30 September 2024. Applications can be submitted online through the official website hfa.haryana.gov.in. Who Can Apply for the Free Plot Scheme? The Chief Minister Rural Housing Scheme is open only…

Yamuna Expressway Industrial Development Authority (YEIDA) has launched a new housing scheme offering affordable homes near the upcoming Jewar Airport. The scheme, which began on September 19, 2024, features 1,239 flats in Sector 22 D of Greater Noida. It will run until March 31, 2025, and is designed to offer buyers various affordable options. Flat Prices Start at Rs 21 Lakh: What’s on Offer Under this scheme, YEIDA is offering flats in three categories: Affordable, S+4, and S+16. These categories cater to different budget levels and space needs. With these varied options, potential buyers can choose according to their budget…