First-Time Home Buyer's Roadmap: KEY Series (Knowledge Empowers You!)
As a part of our KEY series, we have shared our wisdom based on facts and subject matter expertise gained through over 8+ years of experience.
Click on the link below to identify the salient factors involved in selling the property at the best possible price and within a reasonable time frame:
In India, Commercial Real Estate, a multi-billion-dollar industry and growing has historically been for the big players (HNIs or Ultra HNIs) in the market. Each asset is valued at 10s of crores of rupees and reaps yield that is 4x times Residential Real Estate with capital Y-o-Y appreciation. This makes it accessible to only a few very wealthy individuals who have the right network, limiting the access to most of us, until a few years ago.
KEY: “Knowledge Empowers You!” to make informed decisions. As a part of our KEY series, we believe in sharing information from our Wisdom and Subject-Matter Expertise gained while serving more than 1000 customers since 2012.
KEY: “Knowledge Empowers You!” to make informed decisions. For a NRI, the capital gains on sale of immovable property would be taxable in India. It’s critical that Non Resident Indians (NRIs) understand the complexities involved in this process. It becomes challenging for all the NRIs to sell a property in India as the buyer of such properties is required to withhold TDS as per provisions of Section 195 of the Income Tax Act, 1961.
KEY: “Knowledge Empowers You!” to make informed decisions. It's critical that Non Resident Indians (NRIs) understand the complexities of NRI taxation since the process is complex and lengthy. They are required to pay appropriate taxes as and when they fall under the jurisdiction of Income Tax Act,1971.
KEY: “Knowledge Empowers You!” to make informed decisions. It’s mostly observed that the actual tax liability of a NRI seller on sale of a property is much less than its TDS deducted on the said transactions. To eliminate this unnecessary burden on NRIs, the income tax law provides for the facility to obtain a Lower Tax Deduction Certificate (LTDC). All NRIs can voluntarily apply for a Lower TDS certificate/NIL TDS certificate to obtain a revised rate at which the TDS would be deducted.
Interior Design is a synthesis of art, business, and science that deals with technical, creative sustainable, and functional use of the home. It is one of the most essential parts of our daily lives and reflects our standard of living. KEY: “Knowledge Empowers You!” to make informed and quick decisions. As a part of our KEY series, we believe in sharing information from our Wisdom and Subject-Matter Expertise gained while serving more than 500 customers since 2012.
KEY: “Knowledge Empowers You!” to make informed and quick decisions. This document provides basic guidance on the quality of products used for different furniture as well as Frequently Asked Questions that arise in your mind while going for Interior Services. It will also address all your concerns about Market Practice, Work Execution time Period, Quality of Products and Design Standards, emphasizing How We Differ! We ensure Transparency, a ‘Fixed and Fair’ pricing model, with timely completion and an unbiased approach.
KEY: “Knowledge Empowers You!” to make informed decisions. Legal documents of a property play an essential role in protecting the interests of the owners and buyers of the property. It is important to do all the due diligence and ensure that the property is free from all the legal tussles and provides protection from fraudulent transactions.
KEY: “Knowledge Empowers You!” to make informed decisions. We have experienced many times that a buyer has to let go of their dream home because of lack of knowledge and a little complexity that comes along with the Assignment sale. They are not confident in how to deal with it. But we recommend Assignment transactions over registered property on resale because it is a WIN-WIN situation for both the buyer and seller. We have the required expertise and knowledge about Assignment transactions, and we have a well laid out procedure to execute it.
KEY: “Knowledge Empowers You!” to make informed decisions. Property document verification and registration of Sale deed or Property is a complex process. Mistakes are likely to happen when registering a property. It is always advisable to get the errors or omissions, if found, rectified at the earliest since it will definitely create a major impact later. We have tried to document most of the errors and mistakes which tend to happen and are crucial to consider for smooth property registration.
KEY: “Knowledge Empowers You!” to make informed decisions. In the simplest of terms, Power of attorney (POA) or General Power of Attorney (GPA) is a document empowering a specified person to act for and in the name of the person executing it. It's quite common in the real estate sector to use a POA for all kinds of property transactions i.e. buying, selling, mortgaging, leasing etc.
KEY: “Knowledge Empowers You!” to make informed decisions. Buying a home is everyone’s dream but it is a never-ending confusion of whether to move- in to a ready home or finalize a under construction house. We have tried to illustrate about the merits and demerits of owning an under-construction and a ready-to-move-in property.
KEY: “Knowledge Empowers You!” to make informed decisions. Almost all buyer’s stumble upon this question during their home-buying journey, a plot of land or an apartment, Which is better? Since, both the property type has their own purpose and intent, we have tried to illustrate about the merits and demerits of owning an apartment or buying a plot.
KEY: “Knowledge Empowers You!” to make informed decisions. As a property owner it is highly necessary to understand that as soon as a society gets ready to move-in, one should rent out the flat at the optimal rental value. The desire to wait for better rental income would always be present in the owner’s mind but it will not prove beneficial in the long run and as a consequence owner has to bear the rental loss. Furthermore, the tenants are also not very inclined to settle in new societies because of factors like safety, fewer amenities etc.
It is a proven fact that vastu colors for home have a significant psychological effect on people. A home is a place where a person spends a major part of one's life.
Color has enormous power! It has been demonstrated in studies to influence our moods, thoughts, and even behaviours. This is also one of the most difficult decisions to make!
Do you know?
Here is how you can start paying your property taxes online in the comfort of your home
“Application Number” which is issued by respective BBMP Revenue Officer, with the help of which you'll be able to start paying your Property Tax (Online). In case you don't have Application number then you've to apply for the same at your respective BBMP revenue office.
How to pay property tax online every year?
Trust you would have paid the property tax for your property for the 1st time by using “Application Number” by now (if not done so please refer to our document shared through “Process for 1st time payment of BBMP Property Tax (Online)” in Resources section of www.dpllive.in).
Ooops! How to deal with Payment failure screen. Does it scare you? Relax! We are here to rescue.
You have begun the process of making the payment of Property Tax (online) with the help of “Application Number”. As we understand that you would have faced an issue while making the payment online.
Wish to apply for A Khata online and do everything by yourself? It's possible
If you have purchased property under BBMP limits, then you have an option to apply online for Khata transfer (in case your property seller had Khata already) or Khata approval (in case you have bought from builder or the seller of your property didn't had Khata)
