Resources

Welcome to the Resources section of Yug! Here, we provide you with valuable insights, expert tips, and essential tools to support your investment journey. Our goal is to equip you with the knowledge and guidance needed to make informed decisions, whether you're buying your first property, or planning for future financial milestones. At Yug, we believe that access to the right resources can make all the difference, and we’re dedicated to helping you take confident steps toward achieving your investment dreams.

Essential Real Estate Resources

Resources are essential for making informed decisions throughout the real estate journey. While many platforms offer surface-level advice, our goal is to provide you with in-depth, actionable insights. From understanding the nuances of mortgage, navigating agreements, reading between the lines of payments plans, we help you see the bigger picture. With the right information, you can navigate the process with confidence, potentially saving lakhs over the course of your investment. Let us guide you through the key elements that truly matter.

India's real estate market is governed by various laws and regulations designed to protect buyers and sellers alike. Some key acts and their implications include:

RERA (Real Estate Regulation and Development Act, 2016): Ensures transparency in real estate projects. Developers must register their projects and adhere to the promised timelines and specifications.

Key Benefits for Buyers:

  • Access to detailed project information on RERA portals.
  • Protection against project delays.
  • Legal recourse for grievances.

Transfer of Property Act, 1882: Governs the sale, transfer, and lease of properties.

Stamp Duty and Registration Act: Mandates registration of property transactions to establish ownership.

Income Tax Act, 1961: Contains provisions for taxing property income and capital gains.

Legal Due Diligence: Verify property ownership through title deeds, mutation records, and encumbrance certificates.

Approvals and Licenses:

  • Verify building plan approval from local municipal authorities.
  • Check for environmental clearances if applicable.
  • Confirm RERA registration for new projects.

Home Loan Eligibility: Research your loan eligibility using EMI calculators and consider interest rates from different banks.

Physical Inspection: Visit the site to evaluate location, construction quality, and surrounding infrastructure.

Step 1: Identify the Property

  • Conduct market research and shortlist properties based on your budget, location, and preferences.

Step 2: Verify Documentation

  • Title Deed
  • Encumbrance Certificate
  • Completion or Occupancy Certificate for new properties.

Step 3: Sale Agreement

  • Drafted after token payment.
  • Outlines terms and conditions including price, payment schedule, and possession date.

Step 4: Registration

  • Execute the sale deed and register it with the local sub-registrar.
  • Pay applicable stamp duty and registration fees.

Residential Properties: Apartments, villas, and independent houses. Popular for personal use and rental income.

Commercial Properties: Office spaces, retail outlets, and warehouses. Often provide higher ROI.

Plots and Land: Ideal for long-term appreciation but require thorough legal checks.

REITs (Real Estate Investment Trusts): Allow small investors to benefit from commercial real estate returns.

Title Disputes: Ensure thorough legal verification by hiring a property lawyer.

Delayed Projects: Opt for RERA-registered properties and check builder reputation.

High Stamp Duty and Taxes: Plan for these additional costs to avoid last-minute surprises.

Fraudulent Listings: Engage only with reputed developers and brokers.

For Buyers

  • Deduction under Section 80C for principal repayment of home loans (up to ₹1.5 lakh).
  • Deduction under Section 24 for interest paid on home loans (up to ₹2 lakh for self-occupied properties).

For Sellers

  • Short-term capital gains taxed as per income slab if sold within 2 years.
  • Long-term capital gains taxed at 20% with indexation benefits if held for more than 2 years.

What is the ideal down payment?

  • Typically 20% of the property’s cost. However, some banks offer loans covering 90%.

Can NRIs buy property in India?

  • Yes, but they cannot purchase agricultural land, farmhouses, or plantations.

What is a Circle Rate?

  • It’s the minimum price set by the government for property registration in a specific area. Transactions below this rate are not allowed.

Research market trends and compare similar properties in the area.

Highlight drawbacks such as lack of amenities or delays in possession.

Negotiate for additional inclusions like parking spaces or furnishing.

Property Portals: Websites like MagicBricks, 99acres, and Housing.com make property searches easier.

Virtual Tours: Many developers now offer 3D walkthroughs.

Blockchain: Emerging as a solution for transparent property title verification.

EMI Calculators: Available on most bank websites.

EMI Calculators: Each state has its portal (e.g., maharera.mahaonline.gov.in for Maharashtra).

Legal Assistance: Platforms like VakilSearch and LegalDesk provide document verification and drafting services.

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The information and guidance provided on this site are designed to offer expert advice and insights to help you navigate real estate investments with confidence. We focus on reducing risk and maximizing potential returns, but it’s important to remember that every investment has its own set of factors and unique circumstances.

Before making any major investment decisions, we encourage you to reach out to us directly for tailored advice based on your specific situation. By working with us, you’re tapping into our expertise, but ultimately, your investment choices are yours to make.

By using our platform, you acknowledge and accept this disclaimer, understanding that our recommendations are here to guide you—but we always recommend a personalized approach to ensure the best outcomes for your unique financial goals.