Buy Vs Rent ! What should I do?


For a modern day home buyer, it has become a tough choice. “Should I pay rent or EMI’s for my house”?  Hefty costs associated with buying a house, make most independent youngsters to rent one, once they start earning. As they start families and save money, many choose to buy a home. However, while it is apparent that there are no returns in renting, one needs to be mindful of the costs and recurring expenses associated with buying and owning a house. In this article, we have listed down five important points to consider while comparing Buying Vs Renting which shall help you take a right decision.

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Deviation from the Approved Layout Plan- Its effects and Regularisation

In our earlier blog “Sanctions and Approvals Required for different types of Properties“, we discussed various sanctions, approvals and NOC’s required for different types of properties. A large number of houses were affected during the latest demolition drive in Bangalore. Buildings have been constructed that are not in line with the building regulations. This, of course, not only causes hardship to the owners and others but also leads to tremendous financial losses.

In this blog, we will list down the conditions laid down for obtaining sanctions; the permissible limits for deviations and the regularisation process in the event of deviations.

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What type of property should I buy? Ready to move in house, An under-construction property or an upcoming property?

Owning a dream home is the biggest achievement of any individual’s  life. If you are a “Rich Dad Poor Dad” fan, you will recognize this quote, “your home is the biggest investment you will ever make”. In India, buying a home means investing your hard-earned money for a lifetime.

From the first decision to invest in a property to actually buying a house, there is a lot of work to be done. We often come across a few choices, whether to buy a ‘Ready to Move in Apartment‘ or an ‘Under Construction Property‘ or a property where the ‘Construction has not begun’. In the back of our mind, one constant question keeps triggering, “Is this the right decision?”. Hence, to pull you out of this dilemma, in this article we have discussed in detail how to compare different types of properties, their numerous benefits, and risks involved with respect to the various stages of construction. Read More

5 frequently asked questions on Real Estate CAPITAL GAINS

Traditionally in India, there has always been a tendency to invest in physical assets such as gold, metals and real estate. Although there are many secondary investment options such as stocks, bonds, fixed deposits etc., real estate still remains at the top of the list. Many believe they should invest in property as soon as they start earning. 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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4 Reasons why the Goods and Services Tax bill will impact the Indian Real Estate Sector

Currently in India, there are many direct and indirect taxes imposed on goods/services,  right from its manufacture to its sale and eventual consumption, both at central and state levels, thereby unrealistically increasing overall cost to the end user.

To mitigate this burden, the Central Government proposed the Goods and Services Tax (GST). GST combines central excise duty, additional excise duty, service tax, state VAT & entertainment taxes under one banner. Read More

7 Important Amendments in 2016 – Reality Round Up

Here is all you must know about the new amendments in the Indian Real Estate sector in 2016:


1) Real Estate (Regulation and Development) Act, 2016

This bill was passed by the Parliament on March 15, 2016, and the Act came into force on May 1, 2016.

From a common man perspective, it was meant to address some of the pain points of a typical property buyer:

  • What is the recourse when a project hand-over is delayed by the builder/promotor?
  • How does one verify that a specific property meets the statutory norms as set by the local civic bodies?

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RealDocs on Radio One

RealDocs’s Co-Founder & COO Mr. Nair was invited for the Talk Show “Square Feet” on ‘94.3 Radio One’ to share his expert opinion on Property Verification and related documentation. Mr. Nair explained how RealDocs App simplifies real estate legal documentation, it educates the property owner and buyer in identifying the missing gaps, and provide support for their Property to remain compliant to the latest statutory norms. Mr. Nair also answered some of the most frequently asked question (FAQ’s) of the buyer, like What are the “must check” documents before buying? What you should know about khatha document? and many more such questions. Read More

Benami Act 1988 amended

Real Estate sector is evolving at a tremendous pace after the introduction of the Real Estate Act, 2016 and the Goods and Services Tax, Act.  Adding steam to this is the new add on to the platter, the Benami Transactions (Prohibition) Amendment Act, 2016 (“Benami Amendment Act, 2016”). The first question that strikes our mind is why there is so much buzz about the Benami Amendment Act, 2016, when we already had the Benami Transactions (Prohibition) Act, 1988 (Benami Act, 1988) in force?

The Benami Act, 1988 was framed with the objective of banning transfer of benami properties and recovery of such properties. However, the act failed to achieve its purpose due to the absence of a clear definition for benami property and the lack of defined procedures for the strict implementation of the Act. This gave immense discretionary powers to the authorities and consequently, it was bluntly violated. Hence the need was felt to bring about a more stringent law to help bring an end to tax evasion and laundering of black money.

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Sanctions and Approvals required for Different Types of Properties

Real estate is widely recognized as a booming sector that helps economic growth. The sector offers good opportunities for investment and possibilities for earning profits. The demand is good both in commercial as well as residential sectors.  In order to meet this demand and attract customers, builders often come up with different types of lucrative offers.

Before blindly going by these offers, it is good to be vigilant and evaluate a property based on various aspects. In this article we have covered the sanctions and approvals required for three types of properties, i.e. Apartments, Villas and Independent Houses in their pre construction and post construction phases.

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