PN Pudur Property

Right after the Reserve Bank of India (RBI) increased repo rate — the rate at which it lends money to other banks — to 6.50 per cent, several financial institutions have announced a hike in lending rates. This means cost of borrowing is going to get costlier for homebuyers.

Masala bonds are offered and settled in the US dollars to raise Indian currency from global investors for infrastructure development to be undertaken in India. It, therefore, is beneficial for offshore investors who are looking at an exposure in Indian assets. With housing finance companies issuing masala bonds, revival for real estate may be on the cards.

In his address to the nation on the New Year's Eve, Prime Minister Narendra Modi urged banks to make people from the lower-middle class and middle-class their areas of focus. PM's speech has prompted several banks, including India's largest lender SBI, to slash lending rates. The move is likely to give a renewed push to the affordable housing segment.

Through an order in 2011, the Supreme Court held that transferring property title through a general power of attorney was not valid. The top court directed municipal bodies not to register/mutate properties based on these documents. Following the order, states banned the registration of properties sold through GPA. The SC, however, said that genuine transactions carried out through GPA would be valid. In light of this, should you be entering property transactions that involve sale through power of attorney? Let us find out.

Execution of the sale deed is technically the concluding part of a property-purchase process. Let us see what all a sale deed consists of and how it is executed.