Property in Burdwan

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.

According to media reports, NBCC would mortgage vacant land parcels owned by the distressed realtor to raise Rs 2,000 crore of the total Rs 8,500 crore it needs to complete Amrapali’s 16 stuck projects. The remaining amount, Rs 6,500 crore, would be raised through selling of unsold flats and payments from existing homebuyers.

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.