A: The required documents include Sale Deed, Title Deed, Encumbrance Certificate, Khata Certificate, and more.

A: Carpet area refers to the actual usable area within the walls, while super built-up area includes common spaces like corridors, lifts, etc.

A: RERA (Real Estate Regulatory Authority) is a regulatory body that ensures transparency, accountability, and timely delivery of real estate projects, safeguarding the interests of homebuyers.

A: GST has simplified taxation in real estate, with a unified tax rate and reduced construction costs for developers.

A: NRIs can invest in Indian real estate by following the guidelines set by the Reserve Bank of India (RBI) and availing of home loans from financial institutions.

A: PMAY aims to provide affordable housing to all citizens, offering subsidies and incentives to eligible homebuyers.

A: Factors include location, budget, legal due diligence, amenities, infrastructure, and future growth prospects.

A: The common types include Freehold, Leasehold, and Co-operative Society ownership.

A: Real estate agents facilitate property transactions, acting as intermediaries between buyers and sellers.

A: You can verify a developer’s credibility by checking their track record, reputation, delivery history, and legal compliance.

A: An OC is issued by the local authorities after confirming that the property is constructed as per approved plans and is safe for occupation.

A: Pre-launch properties are under construction and usually offer attractive prices, while ready-to-move-in properties are completed and available for immediate possession.

A: Yes, banks and financial institutions offer loans for purchasing land, subject to their terms and conditions.

A: The Act aims to curb black money in real estate transactions and provides for strict penalties for benami property holders.

A: The property registration process involves paying stamp duty, executing a sale deed, and registering the property with the local sub-registrar office.

A: Yes, NRIs can jointly purchase property with Indian residents as per applicable guidelines.

A: A POA authorizes an individual to act on behalf of the property owner, allowing them to complete legal formalities and execute transactions.

A: Property valuation can be done through various methods, including the comparison approach, income approach, and cost approach.

A: A builder floor is an independent floor in a building owned by an individual, while an apartment is part of a larger residential complex.

A: Homebuyers can avail tax benefits on home loan interest payments, principal repayment, and certain deductions under the Income Tax Act.

A: An NOC is a document issued by the developer or society to transfer ownership and signifies that there are no pending dues or objections on the property.

A: Developers may offer payment plans like construction-linked plans, time-bound plans, down payment plans, and more, to suit buyers’ financial needs.

A: While not mandatory, hiring a lawyer ensures legal due diligence, title verification, and assists in drafting and reviewing documents for a secure transaction.

A: A lease agreement is for long-term rentals (typically 11 months or more), while a leave and license agreement is for short-term rentals (typically 11 months or less).

A: The process involves submitting necessary documents, a credit assessment by the lender, loan approval, and disbursement of funds.

A: Selling a property without an occupancy certificate may pose legal complications and may be against the local building regulations.

A: Conversion of agricultural land into residential land requires permission from the concerned authorities, as per the local laws and regulations.

A: Factors include location, demand and supply dynamics, infrastructure development, economic factors, government policies, and market sentiment.

A: Home inspection is a thorough assessment of the property’s condition by professionals. It is advisable to get a home inspection done to identify any potential issues before purchasing a property.

A: REITs enable investors to invest in income-generating real estate assets, providing liquidity and diversification options.

A: Yes, tax benefits are available on a second home, including deductions on home loan interest payments, subject to certain conditions.

A: Property disputes can be resolved through negotiation, mediation, arbitration, or legal recourse, depending on the nature and severity of the dispute.

A: The choice between residential and commercial properties depends on factors like investment goals, location, rental yield, market conditions, and risk appetite.

A: While a low credit score may affect loan eligibility, certain financial institutions offer home loans to individuals with lower credit scores, albeit at higher interest rates.

A: Property ownership can be transferred through a sale deed, gift deed, or inheritance, with the necessary documents and legal formalities.

A: REITs are investment vehicles that allow individuals to invest in real estate assets and earn income through dividends from rental properties or capital appreciation.

A: Property registration charges include stamp duty, registration fees, and other incidental charges levied by the state government.

A: A buyer’s agreement is a legal document that outlines the terms and conditions of the property purchase. It protects the buyer’s interests and ensures transparency in the transaction.

A: Yes, joint ventures allow individuals to pool resources and invest in real estate projects together, sharing profits and risks as per the agreement.

A: Commercial property rentals are subject to GST, which is typically borne by the tenant. The applicable GST rate may vary based on the type of property and location.

A: Yes, financial institutions provide home loans for under-construction properties, with disbursements tied to the construction progress and applicable terms.

A: Property brokers act as intermediaries, facilitating property transactions, connecting buyers and sellers, and providing assistance throughout the process.

A: You can verify property documents by conducting a legal due diligence process, including title search, document verification, and obtaining an opinion from a legal expert.

A: Yes, tax benefits can be claimed on the interest paid during the construction period under specified conditions.

A: A joint development agreement is entered into between a landowner and a developer, while a joint venture agreement involves two or more developers pooling resources and expertise for a project.

A: Demonetization aimed to curb black money and led to a temporary slowdown in the real estate market, promoting transparency and encouraging digital transactions.

A: Yes, NRIs can buy property in India, subject to certain guidelines, including restrictions on agricultural and plantation land.

A: Market value is the price at which a property is transacted between a buyer and a seller, while the circle rate is the minimum value at which a property can be registered as per government guidelines.

A: A real estate bubble refers to a rapid increase in property prices, followed by a sudden decrease. It can lead to market instability and financial risks for investors and buyers.

A: Factors include location, demand and supply dynamics, property type, amenities, infrastructure, and prevailing rental market conditions.