Salaiya Property

A look at what differentiates NRI property purchase from resident property purchase in India.

In India, we perform the house-entering ceremony, popularly known as Griha Pravesh, before we set our foot in our new house. This ceremony is performed keeping in mind the guidelines prescribed by the ancient architectural science of Vastu. Certain procedures have to be followed to make sure our stay in the new home is fulfilling. In case you recently bought a house and are planning to perform the Griha Pravesh ritual, we list here the auspicious days on which you could do so in 2018 and 2019.

The committee of creditors appointed in Jaypee insolvency case has rejected a proposal to reappoint Anuj Jain as the resolution professional. This committee is primarily led by homebuyers, who are unhappy with the way Jain has been handling the issue in the past.

The SC on September 12 appointed two auditors, Ravi Bhatia of Bhatia and Company and Pawan Kumar Aggarwal of Sharp and Company, to conduct the forensic audits of Amrapali group companies. It also directed the Delhi Debts Recovery Tribunal to sell the unencumbered commercial properties of the real estate company.

With all your little savings and the money you earned on your PPF maturity, you finally have arranged enough funds to pre-close your home loan. However, there are a couple of things that you need to keep in mind, including getting your original documents from the bank.