Apply for a home loan once you have finalised the property to be purchased or constructed. Make sure you do the research about the type of loan you need and follow the checklist:-

How much deposit do you have?
What are the processing charges for the loan?
What is the interest rate
What’s the best type of loan for you

Stability of income
Profession or nature of business
Age of the loan seeker
Credit score
Attributes of the property
Your relation with the bank &
Company you work in.
Usually, all banks provide home loans up to 60 times of your monthly net income

The purpose of registration of a document is to give ‘notice to the world’ of a certain property document having been executed. Record keeping is another important function of registration offices and these records are permanent for all practical purposes. The courts of law rely heavily on such records for deciding property disputes.

The final output of a property transaction is a document. The registration of property documents is a crucial facet in property transactions. A property document will be invalid and essentially useless if the document was required to be registered and registration was not done. When a document is registered, a copy of the document is kept with the registration office. Registration serves a very limited but crucial function in property transactions.

In India, the rules of succession differ between religions. Therefore succession works differently for Hindus, Christians, Muslims, Jews and Parsis. However, the rules of Hindu succession are also applied to Buddhists, Jains, Sikhs and any other person who is not a Muslim, Christian, Parsi or Jew by religion. Note: The rules of succession detailed here apply specifically to Hindus, unless stated otherwise.

Mortgage is a financing option in exchange of title for debtor’s property, with the condition that if the person defaults on the loan then the mortgaged property will be taken over by foreclosure and upon payment of the debt, the conveyance of title becomes void.

A mortgagor is a person who borrows money for the purpose of purchasing a real property while mortgagee is the entity that lends money to the borrower against the security of property.

The first course of action should always be to issue a letter in writing to the builder stating your grievance. Ensure that all assurances by the builder of giving you possession on such and such date are given to you in writing on the letterhead and under the seal of the builder. If it appears that the builder will not be giving you possession in an acceptable time period then you may approach CREDIA for mediation.

The first course of action should always be to issue a letter in writing to the builder stating your grievance. Ensure that all assurances by the builder of giving you possession on such and such date are given to you in writing on the letterhead and under the seal of the builder. If it appears that the builder will not be giving you possession in an acceptable time period then you may approach CREDIA for mediation.

For Resale below documents are required: Agreement To Sell Sale Deed Mother Deed Encumbrance Certificate Latest Tax Paid Receipt Occupancy Certificate (For a constructed property) Building Approval Plan Possession Certificate For Primary Property: Go for a property which is approved by nationalized bank.