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The Key Factors regarding PMAY scheme

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What’s the need? One of the most important accomplishments of one’s life is to own a house at a good locality and at an affordable price. The most common obstacle to own a house is the crisis of money in one’s life. This is where some complementary support is required. The government now is ready to provide for this support. It has been the vision of the Hon’ble Prime Minister, Shri Narendra Modi, to complete the task of ‘Housing for All’ in India as the country steps into its 75th year of independence in 2022. To achieve this, the Pradhan Mantri Awas Yojana (PMAY), has been introduced in June 2015. It is an initiative to provide affordable homes with all the required features and amenities that are essential for the residents. Who are the beneficiaries? The initiative, ‘Housing for All’, is all set to make it possible for the economically weaker section and the low-income group to own houses with easy home loans. These loans are accessible through a Credit-Linked Sub
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WAYS TO CLOSE YOUR HOME LOAN QUICK

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Properties like Shriram Code Superstar often become alluring for any prospective home buyer. However, not all can pay in cash or all together. In the event that you are going for a home loan, you are most likely making your greatest money related responsibility yet. Home advance is a savvy method for changing over your fantasy of purchasing a home into the real world, without much digging into your savings. However, with regards to paying the home advance equivalent EMIs, it's not generally simple to deal with the unforeseen overheads. Here is a list of tips to help you close the home loan real quick HIGHER EMIs            By paying somewhat higher EMIs (from INR 2,000 to INR 5,000, contingent upon the sum and residency of the credit), you can shave off countless years from your advance period. The home advance purchaser must contribute his cash judiciously to produce adequate supports and enhance his value, to have the capacity to expand the EMI sum. LOW
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THE HIGHS AND LOWS OF HOUSING RESALE There are certain people who really want to buy a property but don't want to wait for three to four years that developers generally take to complete projects. Also, there are certain people who want to live in an area where basic infrastructure is already in place. If you fall into the category of people mentioned above, your best deal will be buying a house in the resale market. Resale market has far lesser risks still, there are many things you must take care in the resale market.   Houses for Resale:     These houses are not necessarily old. The real estate market has a large number of recently-built properties that are owned by investors who want to sell them at the earliest. Most of the properties coming up are generally sold out. This is specifically true in speculator-driven real estate markets like NCR. Whereas, ready-to-move-in properties are easily available under world-class banners like Shriram code superstar Cost Fact
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Should your home office be taxed under residential or commercial establishment?

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There are many home owners who make their homes a place of commercial establishment. Is it right to convert your residence into office? Is it right to carry out commercial tasks from your house? Should your residence be taxed? Run your eyes through the next lines to know more. Wait before your start your business from home Many property buyers purchase a property with a hope of using the home for living as well as for working purposes. Imagine, you live in a residence with your family. You are a person who wants to start a business of movers and packers right from your house. The high price of a plot does not allow you to start your business in a different place. Therefore, you decide to begin your start-up business from your house. Are you allowed to run your business from your house? You are staying in a home which is used for accommodation. In the same home, when you will run your business, your home is used for staying purpose as well as for commercial purpose. For example, if
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What is the Effect of 7th pay Commission on Real Sector

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The Seventh pay commission The Indian Union Cabinet finally approved the long-debated topic, Seventh Pay Commission recommendations on June 29, 2016. This move by the government will directly benefit approximately 50 lakh employees working as staff and about 58 lakh pensioners throughout the country. The impact of this move can just be derived from the fact that many officials working at senior level positions in various government departments will now draw salaries higher than even the Members of Parliament. This move will clearly generate good momentum for Indian economy which is already growing at the rate of 7.5%. It will also have a direct impact on consumption demand in many urban areas of India due to increasing income levels. The approval for 7th Pay Commission definitely comes as good news for real estate sector. But before, we discuss more on this, let us have a quick look at Major recommendations laid by the Seventh Pay Commission: 7th Pay Commission recommende
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Know Ways to Manage Home Loan EMIs During Financial Crisis – A Guide

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What are the types of real investments   The real-estate market is a very expensive one. Property prices are very high nowadays. Middle-class families cannot completely rely on their savings while purchasing a property. Therefore, home loans play an important role while purchasing a property in residential areas like J.P Nagar At a later stage, apart from home loan EMIs, there are many other overhead expenses which may lead to financial stress. But, at any stage, you cannot ignore to pay the EMIs. In this article, you’ll get to know, how to manage home loan EMIs during the financial crisis.   What If You Fail To Pay the EMI? Defaulting on loan payment is a very offensive crime in India. The government has made the rules stringent citing the examples of Vijay Mallya and Nirav Modi. If you fail to pay the EMI, the bank will issue a notice and consider you as a loan defaulter. Failing to pay the EMI will directly affect your credit score. With a low CIBIL score, it will
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Top 10 things to know about Vaastu

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What is Vaastu The Hindi word “Vaastu” is the shastra of arranging the five elements of nature i.e. air, water, fire, earth, and sky in complete harmony. Some experts suggest that the fundamental principle of this science is to add value to a man's life. Some of the following points may be considered important for a residential apartment :  Top 10 Vaastu tips At the entrance, you should place a statue or a picture of Lord Ganesha. If the water supply of the building or house has been placed in the wrong direction, it is best to have a picture of Panchmukhi Hanuman, facing South-West to the water supply. For spiritual growth, the meditation should be done in the north-east direction. It is considered as the best place for meditation.   You can also place the painting of a rising sun or place a green plant can help in providing healthy social relations in the east direction. Also, in the house, the numbers of doors and windows should be even. Scenery should be placed
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