Blog about Financial Education, Advisory & Planning
Are you planning to buy a residential flat by investing the redemption proceeds of mutual fund investment? Will you be able to claim capital gain exemption if you reinvest the redemption proceeds for buying the second residential flat or claim the benefits a second time ? Well the answer is – Section 54F of Income …
Want to buy a house by redeeming mutual fund investments? Read More »
Should you buy properties at an e-auction? Here’s a checklist on what homebuyers should keep in mind before bidding for such properties from banks. Banks auction such properties in a final attempt to recover whatever value is outstanding to them. Most of the properties that are being auctioned are owned by borrowers against whom the …
GIC Housing Finance Ltd (GICHFL) incorporated in 1989, is a housing finance company initially started with the name “GIC Grih Vitta Ltd” which was later changed to its present name in 1993. Promoted by General Insurance Corporation of India along with its subsidiaries National Insurance Co Ltd, The New India Assurance Co Ltd, The Oriental Insurance Co Ltd & …
I had purchased a property with a home loan sometime back. Currently I need some additional funds for additional expenses on the property. I have decided to take a top up home loan on my existing home loan. Top up home loans clearly outscore other loan options because they come with lower rates of interest …
The Employees’ Provident Fund Organization (EPFO) recently relaxed its norms to allow subscribers to withdraw up to 90% of the total accumulated corpus for purchase of a home. But we must remember that EPF is long-term savings for retirement and it is not advisable to dig into the retirement funds unless and until there is …
EPF withdrawal for home purchase – Avoid if possible Read More »
From 1st May 2017, if you are a home buyer, you will be armed with several new rights specified under the Real Estate (Regulation and Development) Act, 2016 (RERA) such as the follows: 1. The right to obtain information relating to sanctioned plans, layout plans along with the specifications, approved by the competent authority. 2. …