Myshopdeal

When it comes to a property investment, home owners are generally particular about auspicious days and performing a griha pravesh, before moving in. We examine the significance of this ceremony and the points to consider Indians are generally particular about shubh muhurats, when it comes to buying a property or shifting to a new house. They believe that performing a griha pravesh ceremony on an auspicious day, will bring them good fortune. A griha pravesh ceremony is performed, when one enters a new home for the first time. “It is important, not just for the owner but also for the entire family,” says Mumbai-based Jayshree Dhamani, a Vastu Shastra and astrology expert. According to Vastu, a house is made up of five elements – the sun, earth, water, fire and wind and the  proper alignment of these elements  in a house, brings happiness, good health and prosperity. “It is believed that entering a home during an auspicious time, makes life easy and there will be minimum

With the GST Bill being passed in the Lok Sabha on March 29, 2017, it seems certain that it will meet its July 1, 2017 deadline for implementation. We analyse how the latest version of the Bill will impact the real estate sector With 4 crucial bills on GST being passed in the Lok Sabha on March 29, 2017, it’s now a certainty that the GST would be implemented from July 1, 2017. The GST is being touted as the game changer as it would replace several taxes, cesses and surcharges at one go. The realty market is expecting to benefit from the GST rollout, in a major way. Incidentally, the real estate sector will come under the GST ambit within one year of its roll-out Anshuman Magazine, chairman, India and South East Asia, CBRE  explained that “With the passage of India’s biggest tax reform in decades, we will become a unified market, with one tax for all goods and Services. Once implemented, GST will significantly ease the ambiguity around our taxation system, promote ease of do

While an investment in a commercial property may offer greater liquidity, the funds required to make the investment will invariably be far higher than those required in a residential property A person, who is buying a property, has to analyse numerous factors before making the investment. Moreover, these factors will also vary, depending upon whether the investment is made in a commercial property or a residential one. While first-time investors prefer to opt for residential properties, the commercial segment tends to attract investors who have a greater understanding of the realty market. In terms of the fundamental differences, commercial spaces offer greater liquidity in the investment, as compared to residential properties. However, the funds required to invest in a commercial property, are relatively higher than those required for a residential space. A good deal There are many elements that one needs to consider, while making an investment in a commercial unit duri

While running a business from a home may help a firm to save on costs, those who plan to expand their business in the future, should weigh their options before making this choice For many start-ups and small businesses, other than the operational cost, the real estate cost proves to be a major impediment in the intended growth. Thus, a number of small businesses are often run from residential areas. Consultants, advocates, doctors, etc., run their work from their homes. While converting a house premise into an office can help one to save on real estate cost, there are other permissions and expenses that one incurs while doing so. What does ‘commercial’ mean? Legally, consultants, advocates and doctors can run their business from their house. In a case filed under the Karnataka Shops and Commercial Establishments Act, 1961, the court had clarified that home offices run by chartered accountants, lawyers and doctors, will not be considered as a commercial activity as the

A borrower who wishes to transfer his/her home loan, should keep a watch on the interest rates that one is paying, as well as periodical offers made by banks, from time to time A borrower can shift the home loan to any other lender, who is willing to offer better interest rates. At times, a home loan applicant may also want to increase the loan’s tenure, due to various reasons. A customer may also want to transfer the loan, if s/he wants a top-up loan on the existing loan and the present lender is not willing to offer the same. What is the process for transferring a home loan? To transfer a home loan, the existing lender needs to be paid first, before it releases the original documents of the property. However, the new lender will not issue a cheque, unless it receives the original property documents. So, how does one resolve this catch-22 situation? A borrower can request his/her existing lender, to issue a letter to the prospective lender. This letter should mention the l

We examine the risks and advantages, associated with investing in phase 2, phase 3 or phase 4 of a project A well-known developer in Gurgaon, who launched a township project in early 2008, announced the second phase of the project in the same township, in the beginning of 2016. As the project was from a reputed developer, it caught the frenzy of investors and prospective buyers, even though the second phase was delayed, owing to the uncertain economic scenario. Impact of the 2008 global financial crisis “There are various projects, which now offer properties in their recent launches, under phase 2, 3 or 4. However, not all of these may be good investment options,” says Atul Dhir, a Delhi-based property consultant. The global financial crisis of 2008, impacted the pace of launches and sales in the Indian real estate market, which witnessed a downward movement, thereafter. Several projects were either stalled or put on hold. While there was some recovery in 2014, paucity