"Financial Investments are not a child's play" i read it in a book of a very famous investment guru. The term "investment guru" is loosely used in the personal finance space. We have investment gurus of the stock market, real estate, mutual funds, commodities etc. In past as a common investor, i used to get confused whom to follow and who should be ignored. I could not find reliable 360-degree information on financial investments. In India, all the people around us are also investment gurus. Normally an investor decides on Financial Investments based on the feedback from their relatives, ... Read More
Home Loan Rejection – 5 Hidden Reasons You are Unaware
Home Loan Rejection is a nightmare for a buyer. A proper homework is required to avoid Home Loan Rejection. As i keep highlighting that you should plan at least 18-24 months in advance. Thanks to rising NPA's of Banks, the home loan approval process is becoming more and more stringent. To counter this, more awareness is required to support the potential borrowers. The home loan staff of Banks and Housing Finance Companies are ill equipped to answer the queries of a potential borrower. Some of my readers shared with me how the helpline no's are ill prepared to handle basic queries. An ... Read More
Possession of Property – 7 Points to Check
The happiest moment during property purchase is when a buyer receives a letter from builder to receive possession of property. A buyer is so enthusiastic that he receives possession of property without going through the basic checklist. These days due to the slowdown in the real estate market, almost all the projects are getting delayed. I highlighted the reasons for delay in my post, Why under construction projects gets delayed?. A buyer is so frustrated over a delay that he accepts possession of property on as is where is basis and what is there is basis. This approach may land a buyer in ... Read More
Home Loan for Women – Is it true?
Home Loan for Women at Concessional Interest Rates reads one of the hoardings near my house. My wife called one of her friends and told her about the Home Loan for Women. Her friend is a single working woman and looking for a flat in Noida. I knew that bank will not lend to a single women borrower at any cost. As i was not in a mood to dampen the spirit and enthusiasm of 2 friends, therefore, i was a mute spectator to this discussion. After few weeks, her friend called me and told me that bank is not approving her so-called "Home Loan for Women". The bank was demanding either a co-applicant or ... Read More
Impact of Budget on Real Estate
The Budget 2013 is very disappointing for real estate sector. There will be negative impact of budget on real estate. Though Real Estate is in bad shape as of now and was expecting much more from Budget 2013 but there is no effort from FM to revive and boost the sector. I am listing down impact of Budget on Real Estate sector. 1. TDS @ 1% on all Property transactions above 50 Lacs: This proposal was made in last year's budget also but later rolled back due to strong opposition. The objective behind this proposal is to stop circulation of black money in property transactions. Half of the ... Read More
SAMPLE FLAT – Trap from Builder
One of the most beautiful trap laid down by the builder is SAMPLE FLAT. Human beings have 5 senses and all our decisions are dependent on 5 senses. While purchasing a under construction flat we completely rely on Sample Flat to decide. I would rather term Sample Flat as a Mirage or a beautiful deception. I will never recommend to finalize a under construction property based on deceptive Sample flat. Trust me you will never get a flat even 60% of Sample flat becoz of following reasons 1. Highly Customized Interiors: The interiors of sample flat are 100% customized and done by professionals. ... Read More