The RBI has recently slashed key policy rates. This has encouraged some centralized banks to cut interest rates and many are expected to make a similar move soon enough. Pre payment charges on loans with floating interest rates have also…
Owning real estate comes with a bundle of legal rights related to the property. It is important that anyone, before owning property should be aware of what rights they have over a piece of property and what rights they don’t.…
What is CIBIL?The Credit Information Bureau India Ltd. is a credit information company that maintains the record of loans and credit card payments that are collected from all the banking and financial institutions. Every credit history of borrowers (commercial and…
Centuries back the Romans used the technique of auction to liquidate the assets of the debtors whose property has been seized. Similarly in the present scenario, the banks and the other financial institutions are authorized to confiscate the mortgaged properties…
Loan Against Property as the term connotes is a loan disbursed against the mortgage of property. It is the loan against the security of one’s property. The loan is given as a certain percentage of market value of property that…
Thinking of booking an under-construction property? Wait! Do you know about allotment letter? If yes then go book, if not then you should read this article. The allotment letter is a document that is given by a builder to the…
The maintenance fee is what you pay for the maintenance of the society. It’s simple. You live inside your 1/2/3 BHK’s and keep it clean and beautiful and neglect everything outside the main door. So how will it be cared?…
Property Tax or real estate tax is an annual tax which is charged by the local government based on the value of the property. As the cost of the property increases, the tax responsibility also increases. These funds are collected…
Transferring a property is a complicated task. When it comes to property transfer, it is always advisable to seek legal help. The process of property transfer is tedious as well as expensive. Many buyers and sellers are totally unaware of…
Patta is nothing but a revenue record. It is an extract which is issued from the Register of Land holdings maintained, generally at the Tahsildar’s office. Patta is issued in the name of the person/ persons in whose name the…
