Archives

Here are some of the minimum amenities that an SRA flat must have: – Each flat must have a separate water, electricity and gas connection – All fittings should have an ISI [...]

No. This scheme is only applicable in the areas falling under the Municipal Corporation of Greater Mumbai and Thane Municipal Corporation.

Until 2018, the minimum area of an SRA flat was 269 sq ft, however, later it was increased to 330 sq ft.

GST is applicable only on under-construction properties. The rate of GST in real estate varies depending on the value of the property. If you’re buying an affordable under-construction property [...]

Maintenance charges generally cover expenses like security, cleaning of common areas, landscaping, electricity for common areas, repairs, maintenance of amenities (e.g., swimming pool, gym), and [...]

Once the housing society is formed, it manages the maintenance fund, sinking fund and other financial matters.

There are 2 main types of interest rates: –  Fixed Rate: The interest rate remains constant throughout the loan tenure. –  Floating Rate: The interest rate fluctuates based on market [...]

Yes, most banks allow you to prepay your home loan either partially or fully before the end of the tenure. However, some banks may charge a prepayment penalty, especially on fixed-rate [...]

Most banks provide online tracking for loan applications. You can also contact the bank’s loan officer or customer service for updates on your application status.