Overview of Home Loans & Types of Mortgage Loans in India

Most Indians believe in savings. Most prefer to spend on things that are necessary. This possibly led to savings becoming a habit for many in our country.  However, due to increase in demand and inflation, people at times have very little option but to borrow money to meet their necessities. No doubt, there is a big gap between their reality and aspirations. For banks, this is an excellent opportunity to introduce attractive loan offers. Buying a home is perhaps one of the most crucial decisions of one’s lifetime. So, before you plan to buy a property, let’s understand in detail, home loans and the types of mortgage loans in India.

Before you sign an agreement with the bank, it’s important to understand: Read More

2 Documents that you should ensure exist before you invest in a property – “Commencement & Occupancy Certificate”

If you are reading this article, most likely you are planning to make an investment in a property sometime soon, and therefore want to be a savvy and an informed buyer.  Let us help you in this buying process.

Now, in our previous article, “Sanctions and Approvals required for Different Types of Properties”, we had listed down the different types of Sanctions and Approvals required to construct a building. In this article, we will focus on two of the documents from that list, which are (1) Commencement Certificate and (2) Occupancy Certificate, highlighting:

  1. Their importance
  2. The process of obtaining each
  3. The implications of not having one

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