Grasping interest during construction is essential to prevent financial strain during a build. Proper planning and awareness can make a significant difference in managing costs and avoiding stress. Understanding Interest During Construction Construction projects can be thrilling, whether you’re building your dream home or an investment property. However, there’s a crucial financial concept anyone financing …
When you’re knee-deep in property paperwork, terms like “franking charges” can feel confusing. But if you’re buying or selling property in India, understanding franking charges is crucial. They aren’t just a bureaucratic nuisance; they play a significant role in ensuring your documentation process is legally sound. In this guide, we will dive deep into what …
RERA compliance has brought fairness, transparency, and accountability to India’s real estate sector. By setting clear standards and providing a framework for transparent transactions, RERA has redefined the experience for buyers and developers alike. What is RERA Compliance? In India, the real estate sector is now more transparent and regulated, thanks to RERA compliance. RERA, …
If you’re stepping into the world of real estate investment in India, you’ll quickly encounter terms like “Jantri Rate.” Wondering what it really means and why it matters so much in property transactions and ownership? Jantri Rates offers a benchmark for property transactions, ensuring fair valuation and consistent revenue collection. Whether you’re a first-time buyer …
The Internal Rate of Return (IRR) is a foundational financial concept widely used for investment decision-making. The IRR is the discount rate that brings an investment’s net present value (NPV) to zero, indicating the rate at which the project or investment breaks even. IRR helps investors gauge expected returns and decide whether an investment meets …
Joint tenancy is one of the most widely used forms of property ownership, especially among family members, partners, and close friends. It’s a co-ownership arrangement that provides unique benefits, particularly the “right of survivorship,” which automatically allows the remaining owners to inherit a deceased owner’s share. Individuals are seeking simplified inheritance and financial security through …
Real estate terminology can feel overwhelming, but “ingress” and “egress” are two words you’ll be glad to understand—especially when it matters. These terms might seem minor until a real estate transaction or a legal dispute brings them to the forefront. Understanding ingress and egress can significantly impact property value, accessibility, and zoning compliance. While terms …
When dealing with property transactions in India, an Encumbrance Certificate is a critical document for ensuring a clear title and confirming that there are no property encumbrances or legal claims. Often seen as a property’s “clean chit,” this certificate reassures buyers of a clear ownership transfer and property rights free of unresolved liabilities. The Encumbrance …
What is the National Building Code? The National Building Code (NBC) is a set of guidelines dictating safety, design, and construction standards nationwide. Think of it as the rulebook that ensures structures are safe, functional, and able to withstand environmental challenges. This code is especially critical for India, where diverse climates, rapid urbanization, and high …
In its simplest form, an indemnity bond is a contract that provides a financial safeguard for one party against potential losses caused by another party. These bonds serve as a legal agreement, ensuring that if the principal party fails to meet specific obligations, the surety (the bond provider) will compensate the obligee (the one protected …
When dividing property or settling disputes among family members, a Settlement Deed is one of the most effective legal documents you can use. But what exactly is it, and how does it work? A Settlement Deed is a powerful tool for ensuring fair and transparent distribution of assets. It’s quicker and more flexible than a …
IGBC Certification is a mark of excellence in sustainable and eco-friendly building practices. Established by the Indian Green Building Council (IGBC), this certification promotes environmentally responsible, energy-efficient, and resource-saving construction. But what does it truly mean for a building to be “green”? IGBC certification is shaping the future of sustainable building in India. From energy …
What is the Ready Reckoner Rate? Have you ever wondered why your property’s registration charges are so high or why you’re paying a specific amount in stamp duty when buying a home? Much of that concerns something called the Ready Reckoner Rate, a crucial concept in real estate investment. This government-fixed Rate determines the minimum …
If you plan to buy or sell property in Maharashtra, you’ve encountered IGR Maharashtra. But what exactly does it mean, and how does it affect you? Let’s break it down step by step. The Inspector General of Registration Maharashtra (IGR Maharashtra) plays a pivotal role in property transactions and registrations across the state. IGR Maharashtra …