Chandigarh Property Tax: A Complete Guide for Property Tax in Chandigarh

Chandigarh, often called the “city beautiful,” stands as the capital of Punjab and Haryana, boasting modern architecture, a pristine environment, and a high standard of living. Like any urban city, Chandigarh imposes a property tax on all residential and commercial properties. This crucial source of revenue aids in providing better civic amenities to the city’s […]

Structural Stability Certificate: Format, Benefits and Document Required

What is a Structural Stability Certificate? In the Indian context, a Structural Stability Certificate is an official document issued by a qualified structural engineer or authority that confirms the structural soundness and safety of a building or structure. This certificate is crucial for ensuring that a building meets the prescribed safety standards and can be […]

Bank Identification Number(BIN): Importance and Uses

What Is A Bin? The Bank Identification Number (BIN), also known as the Issuer Identification Number (IIN), is the first six digits of a credit or debit card. It’s used to identify the issuing bank or financial institution, ensuring proper routing and security for transactions. The  Issuer Identification Number(IIN) is a crucial component of card […]

Impact on Building Foundation and Environment

What is Silt? Let’s understand the basic definition of silt in soil. Silt in Soil refers to fine particles of soil and sediment that can accumulate on land, particularly in areas prone to erosion or near bodies of water. Proper management of silt through erosion control measures, landscaping, and construction practices is crucial for maintaining […]

Loan to Value Ratio(LTV): Definition, Meaning and Importance

What is the Loan-to-Value (LTV) Ratio? The full form of the LTV ratio is the Loan-to-Value ratio, a financial term representing the proportion of a property’s appraised value or purchase price that a lender is willing to finance through a home loan. It indicates the borrower’s equity in the property and the level of risk […]

Real Estate Investment in India: Sector & Market Insights

The Indian real estate market in 2023 exhibits a dynamic landscape shaped by various factors, promising profitable real estate investment in India. Despite the initial slowdown due to the pandemic, the sector has shown resilience with renewed buyer confidence and rewarding real estate investment opportunities. Affordable housing projects continue to thrive owing to government initiatives, […]

Annual Percentage Rate on Home Loan: Meaning & Importance

The APR stands for the annual percentage rate on a loan. APR encompasses both interest rates and associated fees, offering a comprehensive view of loan expenses. The impact of the Annual Percentage Rate (APR) on home loans is a crucial factor in understanding the actual cost of a loan. This article delves into how APR […]

Plot Loan Eligibility: A Comprehensive Guide to Secure Your Dream Plot

Lenders set predetermined eligibility criteria for plot loans for persons availing the loan. Along with some non-banking institutions like Housing Finance Companies (HFC), banks are often the primary lenders of plot loans in India. Demonstrating a genuine intention for plot development enhances the prospects of meeting the criteria and securing the loan. Assessing Plot Loan […]

Plot Loan vs Home Loan: Know More About the Differences

When buying property, people often use the terms “home loan” and “plot loan” interchangeably, assuming they both serve the same purpose. However, there are significant differences between the two, and understanding plot loans Vs home loan is crucial when seeking financing for property purchase.  Plot Loan vs Home Loan/Land Loan vs Home Loan 1. Purpose […]