Experts predict that in 2024, India’s real estate market will reach new heights

Due to high demand and plentiful supply, India’s real estate market, which resumed last year following a two-year hiatus caused by the pandemic, broke records in 2023. Sales across all segments and new launches experienced notable growth in the year.  

Strong demand and plentiful supply in the residential market during 2017 point to its revival and sustained growth. Ninety-one percent of all sales in 2022 were residential, with 196,227 units sold in the first nine months of 2023, according to a study released by real estate consultant JLL. 

The market for luxury homes expanded at a rapid rate. Sales between January and September of 2023 by prices in the mid-segment (Rs 50-75 lakh). Nonetheless, the premium segment’s share (above Rs 1.50 crore) grew from 18% in 9M 2022 to 22% in 9M 2023. In the premium segment, the first nine months of 2023 saw the highest sales in Delhi, NCR, and Mumbai.

What Industry Insiders Have to Say 

“As the final curtain descends in 2023, the real estate industry witnesses an impressive surge, with Gurugram’s mid-housing sector taking center stage,” stated Pradeep Aggarwal, founder and chairman of Signature Global (India) Ltd. The year-end reflection reveals an upward trend from year to year and demonstrates a strategic ability to satisfy the growing demand for reasonably priced yet high-quality homes.” 

“In 2023, the Indian real estate sector experienced significant prosperity, particularly in the luxury real estate segment, witnessing a remarkable 97 percent surge in luxury home sales,” stated Aditiya Khushwaha, CEO and director of Axis Ecorp. It emphasizes the luxury real estate market’s tenacity and appeal.”

He believes that through 2024, there will still be a growing demand for luxurious real estate and vacation rentals. 

Rise Infraventures Limited co-founder and MD Shantanu Gambhir, “Gurgaon’s real estate saw a remarkable price appreciation in 2023, outshining Bengaluru and Noida.” Despite a surge in real estate prices, the city saw a startling 28.9 percent increase in demand quarter over quarter, surpassing the national average. We anticipate that this trend will carry over into 2024.”

The real estate market in Tier 1, 2, and 3 cities made significant progress in 2023, and this promising trend ought to continue through 2024, according to Mohit Goel, MD of Omaxe Group. Cities like Lucknow, Chandigarh, and Dwarka, as well as other areas, became important centers for high-end residential and commercial developments, adding to the appeal of these places. The year ahead anticipates an elevation in the real estate landscape, promising substantial returns on investment and robust job creation.” 

He says government policies have played a role in this growth by driving demand, launching new products, and aligning consumer behavior with changing supply dynamics. He also says that demand from cities alongside tier 2 and tier 3 towns shows how aspirational living spaces are becoming increasingly popular, thus changing the real estate market. 

“In 2023, real estate developers strategically expanded into tier-2 and tier-3 cities, acquiring 1,461 acres of land, primarily for residential developments,” stated Radheecka Rakesh Garg, director of Rajdarbar Realty. This pattern emphasizes how important non-metropolitan markets are becoming, particularly for low-rise and plotted formats.” 

According to Garg, 2024 will see even more dynamism in the real estate market, satisfying the hopes of India’s smaller cities as developers look into unexplored growth areas. 

The real estate market in India saw exceptional growth in 2023, particularly in the luxury home market, according to Nayan Raheja of Raheja Developers. Luxury and large living spaces were significant responses to changing urban tastes.

With a startling 216 percent increase in sales of luxury homes, Delhi-NCR became a hotspot. Positive economic indicators drove this spike in NRI investments. Raheja went on to say that in 2024, there will be no letting back in the upscale housing market. 

Causes, Symptoms, Prevention, and Waterproofing options for roof leaks

Water damage poses a silent threat to the integrity and strength of your property. Before you know it, it quietly approaches and quickly does significant harm. Therefore, now is the moment to take action if you see any indications of a roof leak. You have two options for fixing it: do it yourself or hire experts. Either way, continue reading to learn about the causes, symptoms, and contemporary fixes for roof leaks of water. 

Any homeowner fears the prospect of water seeping through the roof. It may begin as a minor problem, such as a moldy patch close to the roof or peeling wallpaper, but quickly worsens. Large-scale water leaks from the ceiling pose a health risk but cause general inconvenience and irreversible property damage. What are the typical reasons and indications of water leaks? Which waterproofing solutions are reliable? 

Reasons for roof water leakage 

It is possible to prevent water leaks by being aware of their causes. These are a few typical reasons: 

  • Water may seep through roof shingles that are old and damaged. Shingles that are missing or cracked should be replaced promptly to stop leaks. 
  • Clogged gutters: Water can overflow and seep into the roof when gutters is clogged with leaves, debris, or dirt. Gutter maintenance and cleaning are crucial. 
  • Poor roof installation: Poor roof installation can result in cracks and openings where water can seep in. For a proper installation, you must hire a professional and experienced roofer.
  • Problems with flashing: Over time, which acts as a seal against water intrusion, can deteriorate. Water leaks may occur from roofing that is damaged or installed incorrectly. 
  • Issues with roof ventilation: Inadequate attic ventilation can lead to condensation, causing water leaks. Insulation and adequate ventilation can help avert this problem. 
  • Damage to the structure: Any holes or cracks in the roof’s structure could let water seep in. The integrity of the structure depends on timely repairs and routine inspections. 
  • Severe weather: Excessive pressure from snow, rain, or storms can result in leaks on the roof. Frequent upkeep and prompt repairs can lessen the harm that severe weather can do.  

By fixing these common causes of roof leaks, homeowners can safeguard their assets and guarantee a dry and secure living space. 

Current techniques for waterproofing a roof to stop water leaks 

Keeping a roof strong and long-lasting requires regular roof waterproofing. We now have sophisticated techniques for efficient roof waterproofing thanks to the development of modern technology. 

Membranes for waterproofing made of polymers

Using waterproof membranes made of polymers is one of the most prevalent techniques. These membranes have outstanding resistance to water penetration because they are composed of premium polymers. They provide long-term leak protection and are simple to install. 

Waterproofing coat made of acrylic 

Applying a uniform coating of acrylic paint to the roof will help achieve a sleek and tidy appearance while meeting waterproofing requirements. Acrylic’s high tensile strength and resistance to UV light ensure that the structure will not break easily. 

Liquid coatings for waterproofing 

Liquid waterproofing coating application is another contemporary method. These liquid coatings are applied to the roof surface to create a seamless, protective layer. They can tolerate harsh weather conditions and are very flexible.

Nanotechnology for Coatings

The use of nano-coating technology is a cutting-edge method of waterproofing roofs. It entails applying nanoparticles, which pierce the roof’s surface and form a hydrophobic barrier. This innovation offers the best defense against water damage. 

Green roof installations 

Green roof systems are a sustainable approach to waterproofing a roof. These systems entail covering the roof with a waterproof layer and planting vegetation. They have to insulate qualities, improve air quality, and provide excellent waterproofing. 

Drainage systems

An efficient drainage system must be installed for roof waterproofing to work. It assists in directing precipitation away from the roof, averting possible leaks and water buildup. The long-term sustainability of a roof depends on the careful design and maintenance of drainage systems. 

Typical indicators of roof leakage of water 

Knowing the typical indicators of roof leaks will help you take the appropriate measures to stop additional damage. Here are a few crucial signs: 

Watermarks on walls and ceilings 

Water stains on your walls and ceilings are one of the easiest ways to identify a roof leak. These stains, which could resemble streaks or discolored areas on the roof, might indicate that water is leaking through it. 

A musty or damp smell 

It may indicate roof leaks if you detect a lingering musty or moist smell in your house. The moisture from the leak may cause mold and mildew to grow and smell bad. 

Paint or wallpaper peeling.

Your walls’ paint or wallpaper may peel or bubble due to roof leaks. It happens when water leaks into the walls, weakening the adhesive used to apply paint or wallpaper.  

Broken or Absent shingles 

Examine your roof to see if any shingles are missing or damaged. Water can seep through shingles that have become loose or dislodged due to weather-related events like strong winds and heavy rain. 

A drooping or protruding roof 

Should you observe any areas of your ceiling sagging or bulging, there might be a serious leak on your roof. The ceiling may distort due to the weight of the accumulated water. 

You need to fix roof leaks right away if you want to prevent further damage to your house. If you notice any signs or roof damage, you should act swiftly. For more significant repairs, consider hiring a qualified roofing contractor to assess and resolve the issue; for minor fixes, consider attempting the work yourself. 

UP has India’s second-largest economy, accounting for 9.2% of GDP

Uttar Pradesh has become the nation’s second-largest economy, a swift keep toward Chief Minister Yogi Adityanath’s goal of reaching the $1 trillion mark by 2027, according to a report by well-known online blogging platform Soic. 

According to the stock market and investment tracking platform, UP has the second-highest GDP share in the nation, behind Maharashtra. 

Only Maharashtra (15.7%) has a larger share of the nation’s GDP than Uttar Pradesh (9.2%), according to the report shared on X. So far, UP was in third place. 

West Bengal (7.5%), Tamil Nadu (9.1%), and Gujarat (8.2%) have all trailed behind Uttar Pradesh. These include states like Madhya Pradesh (4.9%), Karnataka (6.2%), Rajasthan (5.5%), Andhra Pradesh (4.9%), and so forth. 

Yogi Adityanath, the Chief Minister, has led Uttar Pradesh to rapid progress in all areas during the last seven years. The state currently has zero organized crime, and the industrial sector is developing quickly. According to a government spokesman, UP has also moved from the 14th to the second spot in the “Ease of Doing Business” rankings. 

Furthermore, due to advancements in infrastructure, connectivity, and law and order, the state has been presented with investment proposals worth over Rs 40 lakh crore through GIS 2023, which will come into effect shortly. It will generate over one crore new jobs in the state, he said.

The state currently exports goods valued at close to Rs 2 lakh crore. He claims that the ratio of bank loans to deposits has increased from 42-43% to 60%. P is now a revenue surplus state, with 56% of its population employed. 

There are currently 96 lakh MSMEs in existence. UP, which had a reputation as a BIMARU state, is now leading the way in the race for development thanks to CM Yogi, he said. 

Homeowners’ Calculated and Tax Set-off for House Property Losses

Many homeowners still need a loss from house property and other related terms on their records. Comprehending the property taxation landscape is essential to protect your home from financial loss. This article thoroughly explains loss from residential property, including its calculation method, tax set-off, and potential causes. Read on and learn and avoid probable financial losses.

A treasured accomplishment that offers security and stability is becoming a homeowner. Homeowners may face some financial difficulties at different times, such as losing their property. To prevent and minimize further losses, homeowners must pay attention to this situation.

What is property loss from a house?

The term “loss from house property” describes a financial circumstance in which the costs of property ownership outweigh the rental income received from the asset. A situation where the expenses of owning a property exceed its rental revenue. It is known as a “loss from house property.” This loss is an adjective frequently used in income tax computations, where income or loss from residential property counts as a separate category under tax laws.   

How do you compute a loss on real estate?

The following is a simplified method for figuring out how much you lost from your home:

  • The amount of rent you would get if you rented out your property is called the gross income value, or GAV. The GAV is 0 if it is your own house. 
  • Deduct Property Taxes: You can deduct property taxes from GAV if you are required to pay them. You now have the Net Annual Value (NAV) as a result.
  • NAV equals GAV (rent or zero if the property is self-occupied)- property tax.
  • Use the standard deduction method, deducting 30%of NAV. By Income Tax Act section 24, this is a standard deduction.  
  • Deduct home loan interest: If you have a home loan, subtract the internet paid during the year. It is also deductible under Section 24 of the Income Tax Act. 

Result- Income or loss: The final number you get is your income or loss from the property. At your applicable income tax rate, this is taxable. The GAV for self-occupied property is typically zero, which means you will lose money, particularly if you have a mortgage. If there is a loss, the tax rule allows you to use it to reduce your overall taxable income from other sources.

Property loss from a home: Set-off taxes 

The conditions for taxation set off loss from residential property are as follows: 

  • You can use the loss on your house property to offset any income you receive from other sources (salary, business, capital gains, or other sources) if you incur a loss on your house property.
  • It has changed to house property losses, which will go into effect for the 2018–19 fiscal year. 
  • The maximum amount of loss from residential property eligible for deduction from other sources of income is Rs 2 lakhs per fiscal year. 
  • After set-off, the remaining loss can carry over for additional set-off in the following fiscal year. 
  • In the same fiscal year, set-offs for losses on residential property can offset any other source of income. 
  • Only in the ensuing years may the loss, if carried forward, be deducted from income from residential property. 
  • A taxpayer cannot carry over the remaining loss for over eight years. 
  • If any year has income from real estate, the taxpayer must deduct the loss in that particular year. 

Causes of home property loss 

Two main factors contribute to this scenario when it comes to the loss of house property: 

Self-contained real estate: 

GAV is 0 if you are the owner of the property and you reside there. For income tax purposes, the paid property taxes and loan interest amount to a loss from house property because there is no rental income. The maximum deduction for a home loan interest under section 24 of the Income Tax Act is Rs 1.5 lakhs. It implies that, even though your house loan may have accrued interest, a loss may occur from a lack of rental income. 

Rental property losses: 

GAV is not zero when a property is under lease. There is a loss from house property if all of the claimed deductions (such as standard deductions, property taxes, and home loan interest) exceed the rental income. The taxpayer may receive some relief from this loss by deducting it from other sources of income. 

In conclusion, homeowners who want to secure their financial future must study “Loss from House Property. It can be easier to control future costs if you understand its calculation techniques and potential causes. Tax set-off assists in reducing the impact and easing the burden of such situations. It is always advisable to proactively look into and educate oneself on such terms to ensure financial well-being. 

Property prices in this category are among the highest in India.

India moved up eighteen places to take 14th place in the third quarter of 2023 on Knight Frank’s global house price index. The nation’s home prices rose 5.9% annually, creating a notable upward momentum.

In September 2023, the average annual growth rate for home prices in the 56 markets that compose Knight Frank’s Global House Price Index was 3.5%. The previous quarter saw a 2.2% increase in worldwide home prices. 

According to Knight Frank, India’s steady economic growth is the reason behind the country’s rising residential market despite obstacles like increasing home loan rates and inflationary pressures. State and federal governments offered assistance during the pandemic, which sparked the market. 

As per Shishir Baijal, CMD of Knight Frank India, “strong internal economic fundamentals, rising aspirational qualities of residential real estate, and an elevated interest cost environment brought on by elevated levels of inflation are driving heightened demand among homebuyers in prominent residential markets within the country.”

Emerging residential hubs in India’s urban centers are made possible by the increased momentum infrastructure development is receiving from the country’s increasing urbanization, according to Bajijal.  

The Indian housing market has been strong despite price increases. Compared to 3.65 lakh units in 2022, as many as 3.49 lakh units were sold in the top 7 cities by the end of the third quarter of 2023. 

At the same time, the total sales value of the sold housing stock increased marginally to Rs 3.48 lakh crore. The value of all residential property sales in the first nine months of 2023 is already 7% more than the entire year of 2022. 

After a five-to-six-year period of stagnation, real estate value began to decline in 2013. It was a period of tepid demand. But after COVID, we saw a significant resurgence in demand that exceeded the previous peaks, according to Poulomi Estates MD Prashant Rao.

Pent-up demand, the need to upgrade, and a willingness to pay for newer features were key factors driving up property prices. Property prices also rose due to infrastructure development and improvements in the economic environment. Even though real estate prices increased dramatically across the nation, Hyderabad consistently outperformed other top cities year over year. It’s since the city has seen an increase in corporations moving their headquarters there. We anticipate this trend continuing. 

The first quarter of 202 saw Turkey at the top of the rankings. With an annual growth rate of 89.2%, this is another year of record growth. The top five rankings belong to countries in southeast Europe, including Greece (14%), Croatia (13.7%), and North Macedonia (11%). 

With 6.3% annual growth, Japan leads the Asia-Pacific region, followed by India with 5.9%.

Given the rising costs for mortgage borrowers, the resilience of global house prices is surprising; however, market supports include solid savings, pay settlements above inflation, and a shortage of stock available for purchase. The main problem facing the housing markets in 2024 will continue to be low market liquidity, with sales volumes falling by up to 25% from their recent peaks. “Only a move toward lower interest rates will boost sales activity,” stated Liam Bailey, Knight Frank’s global head of research. 

NCLT Mumbai authorizes the sale of RCom shares and real estate

According to a regulatory filing on Wednesday, the telecom company Reliance Communications’ sale of a portion of its real estate holdings has received approval from the insolvency tribunal NCLT Mumbai.

An order of the National Company Law Tribunal’s Mumbai bench was attached to the application filed by Reliance Communications (RcOM)’s resolution professional, asking for permission from the NCLT to go ahead and sell some of the company’s unencumbered assets. 

“After submission of the resolution plan for approval by this Tribunal, the Tribunal clarifies that the Applicant/RP can sell assets of the Corporate Debtor under Regulation 29 of the CIRP Regulations,” the NCLT order dated December 7 stated. 

As per the directive, resolution specialists have the right to divest company assets after they submit the resolution plan for tribunal approval.

By Regulation 29 of the CIRP Regulations, “This Tribunal accords its approval to the Applicant to conduct the sale of the corporate debtor’s assets, “the order stated. “The sale proceeds shall be treated as unencumbered assets of the corporate debtor and be distributed during the implementation of the approved resolution plan or in liquidation, as the case may be.”

871.1 square meters of land in Pune; office space in Bhubaneswar; an investment in Champion Properties shares; an investment in Reliance Realty shares; the Chennai Haddow Office of RCom, which consists of land and a building, and an office in Ambattur, Chennai, all have been identified as assets up for sale. 

Homes under Rs 50 lakh in Delhi NCR

With its towering housing stock and upcoming infrastructure projects, the National Capital Region (NCR) presents an intriguing lure for prospective homeowners. This area has numerous housing options, from affordable homes to opulent, high-end residences. Nonetheless, offers you a list of some of the best locations to invest in Delhi NCR for less than Rs 50 lakh, all while keeping your budget in mind.

Many new locations have gained prominence lately as the Delhi Metro expands into far-flung parts of the National Capital Region (NCR). Other factors that have contributed significantly to growth include the launch of affordable housing projects, better road connectivity, and a greater emphasis on infrastructure. “National Highway (NH)-24, Greater Noida, Greater Noida West, and Yamuna Expressway are some of the best locations for homebuyers in Delhi NCR,” says Suresh Garg, CMD of Nirala World and Secretary of CREDAI Western UP. End users are now driving the market, so developers are concentrating on keeping it going by providing affordable homes in these areas. Infrastructure development has also had an impact on real estate expansion. “For those looking to purchase a home in Delhi NCR for less than Rs 50 lakh, these are the top five neighborhoods.  

NH-24 (National Highway -24) 

NH-24, sometimes known as “the lifeline of Ghaziabad,” has been an essential catalyst for growth in several communities along its path. “Siddharth Vihar, close to NH-24, is a developing area that meets the demands for homebuyers at reasonable costs,” continues Garg. Housing societies long NH-24 have average property values of approximately Rs 3,700 per square foot, following a nearly 15% YoY price rise. The region has grown by almost 18% over the previous five years, and its potential will continue to increase even more with the impending metro extension in Indirapuram.

Noida Extension (Greater-Noida West) 

Greater Noida West, formerly known as Noida Extension, is now a popular option for reasonably priced real estate. The extension of the metro link from Noida to Greater Noida has been one of the primary factors driving the region’s growth. Additionally, some of the earlier worries of home buyers have been put to bed by the resolution of land acquisition issues. Prominent developers, including Gaurs Group, Mahagun Group, and Ace Group, have created several affordable housing projects in the region, and the pace at which the infrastructure is developing there is astounding. The development of Jewar Airport and the connectivity provided by the Noida-Greater Expressway have improved the area’s positive aspects. “The proposed commercial development, the metro terminal at Bodaki, and the Delhi-Mumbai Industrial Corridor (DMIC) project promise to create a lot of job opportunities in the region, which would further boost its real potential,” states Ashudeep Batra, vice president of operations at Exotica Housing. 

 The most popular configuration is the 2 BHK, with average prices rising by nearly 50%, from Rs 4,500 per sq ft square to 5,800 per sq ft. 

New Gurgaon

Sectors of New Gurgaon are suitable for end-use and investment due to their strategic location and connectivity via NH-8. In addition, building the Delhi-Mumbai Industrial Corridor (DMIC) could contribute to the region’s expansion. Between Sectors 81 and 95, the entire area is currently seeing the construction of numerous residential and commercial projects. As the city’s civic infrastructure improves, New Gurgaon will likely become one of the most sought-after neighborhoods. The home values in the micro-market have grown annually by more than 45% and are currently between Rs 5,000 and Rs 6,300 per square foot. The State government’s decision to relocate Kherki Daula Toll Plaza to Pachgaon would help alleviate the area’s heavy vehicular traffic. 

The Raj Nagar Extension

The extension of Raj Nagar, like many other parts of Ghaziabad, has been developing quickly. “Over the past few years, Raj Nagar Extension in Ghaziabad has attracted many home buyers looking at quality housing but unable to afford a property in NCR, “says Anuj Goel, Executive Director of KDP Infrastructure. Raj Nagar Extension is a haven for homebuyers thanks to its many upcoming infrastructure projects, better connectivity, and affordable housing developments. It is the hub of industry, commerce, and education in the western United Provinces and has excellent road connectivity. The Raj Nagar Extension links NH 91 and NH-58 via the six-lane Meerut Bypass. In addition, an elevated road connects the township to Delhi. The green belt beside the Hindon River is another major draw.”


Many of the previously remote areas of Faridabad no longer have connectivity issues thanks to the Delhi Mtero’s extension of service from Badarpur to Escorts Mujesar. Investors are showing a renewed interest in exploring different sectors in Faridabad. Nehar Par is one of the neighborhoods experiencing rapid growth, with an average property price of Rs 4,100 per square foot. 

Your first-time home-buying checklist in Delhi NCR 

If you have this home-buying checklist handy when closing a deal, investing in real estate in Delhi NCR can be profitable! What you should know is as follows: 

  • Delays in possession 

Possession delays in metropolitan real estate are a well-known problem. In Delhi NCR, whether you are opening a store in a business district or purchasing your first house, be ready for delays in possession. When there are delays, the builder or developer usually requests an extension of six months. But this problem primarily affects impending and new housing developments; it rarely affects properties for sale. 

  • Potential for resale 

Opportunities for real estate are plentiful in a bustling city like Delhi NCR. New developments with better features, amenities, and handy locations. Before completing the purchase of your first property, research the property’s potential for resale and determine whether selling it at a good time will help you financially. 

  • Building Caliber 

Shocking footage of a 20-year-old, four-story building collapsing in the Bhajanpura neighborhood of Delhi-NCR flooded media channels in March 2023. Even though no one was hurt, this incident raised questions regarding the quality and standards. Nonetheless, trustworthy developers and builders with proven designs are accessible in Delhi NCR. The three most important factors to consider when buying a property in Delhi NCR are construction quality, development review, and brand value. 

The NCR region has seen tremendous change in recent years due to new highways like the Dwarka Expressway and Greater Noida Expressway, along with metro extensions like the Aqua Line and Rapid Metro. Before making a choice, prospective homeowners should perform extensive research and due diligence because the listed area’s popularity is due to numerous factors. 

Ahead of The Opening Of The Ram Temple, Boom In Real Estate

The home of God Ram, Ayodhya, was once a sleepy town and is undergoing an infrastructure makeover as the much-awaited Ram Mandir will be open in just a few weeks. The city is experiencing a real estate boom, with property values rising sharply. Due to the influx of investors, hoteliers, and business owners, property values in the city have increased by up to three times their initial value. 

Local real estate brokers say there are very few left to purchase. “Ayodhya does not have any new land available,” real estate broker Kakku Singh stated. 

In the periphery, where rates ought to have hovered around Rs 3,000. The current rates range from Rs 6,000 to Rs 7,000. There is no land around the Ram Mandir. If there is, it has no rate. One can obtain anything they desire, “he continued.” 

As of November last year, over 9,000 houses had been solid in Ayodhya. The corresponding figure has increased by over 100% this year. According to data, 20,067 properties have sold this year. 

As the inauguration date draws near, the prices have been at their highest. 

From about 10,000 lakh in 2018-19, the department’s revenue has increased to Rs 15,631.33 lakh as of November. 

As for a percentage increase, the Department’s revenue receipt for November was the highest in the State at 109%. 

I get calls from people looking to purchase land to open resorts and hotels. According to Yogendra Pratap, Assistant Commissioner of the Stamp & Registration Department,” Therefore, this has increased the revenue of the Stamp Department.” 

The community hopes that the investment will draw tourists and give many of them a source of income. 

To capitalize on the rapidly expanding infrastructure, Rajjan Lal, who resides 40 km from Ayodhya, sold his property in the village and purchased a 1000-square-foot plot to open a small cement shop close to Ayodhya. 

“There is a possibility of earning a decent living because of the temple construction. Though the rates are also high, I will do business here,” he remarked. 

In Ayodhya, the government also intends to construct a 4.40-acre tourism facilitation center. A budget of Rs 130 crore is forecast.

The project will develop several commercial centers in the tourist center, such as a tourist office, lodging, food court, shopping center, art and craft center, and parking area. Soon the project should take off. 

By the end of this month, the Ayodhya International Airport will probably be finished, according to Union Aviation Minister Jyotiraditya Scindia.

CSC Login on the Digital Seva Portal 2024: Visit CSC Centers to Apply for PMAY

The abbreviation for Common Services Centers is CSC. CSCs are the program’s enablers for Digital India. The establishment of CSCs aims to offer business and e-governance services to residents living in rural and isolated areas. A CSC operator or citizen can access the digital sewa portal with the CSC login. Users can access social welfare programs, skill development courses, and vital government and public services by logging in with the CSC. Users can access social welfare programs, skill development courses, and essential government and public services by logging in with the CSC. 

Digital Seva CSC Login: Features 

  • The service’s name: Registration for CSC
  • Service Supplier: The Indian Government 
  • Ministry of: Ministry of Electronics & Information Technology
  • Scheme Launch Date: July 16, 2009
  • Category: Government Scheme 
  • Implementing Agency: CSC e-Governance Services India Limited 
  • Helpline Number: 1800-3000-3468 (Toll Free)
  • Email Id:  

CSC Login: What are the CSC Login and Digital Seva? 

The Ministry of Electronics and Information Technology in India launched the CSC Login on Digital Seva government program to provide digital services to residents in rural and remote areas. It’s part of the broader Digital India initiative introduced by the Indian government. The government is creating a nationwide network of Common Service Centers (CSCs) under Digital Seva via CSC Login. 

Citizens can access public and private sector services through these digital seva Kendras (For CSC Login). These Community Service Centers (CSCs) are typically run by local business owners and provide a wide range of services in banking, e-governance, digipak, digital, education, healthcare, and entertainment. Operators can access the Digital Seva portal and provide services to citizens with the help of the CSC Login. A User ID and Password are needed for CSC login to access the online services. 

The Digital Seva program’s objective is to close the digital divide and provide citizens living in rural and remote areas with access to the advantages of digital technology. Citizens can access a range of online services from the comfort of their homes with the help of these CSCs. 

Login to CSC: What is the Digital Seva portal login process? 

The following instructions explain how to register as a new user and log in (CSC Login) to the Digital Seva portal: 

  • Go to, the Digital Seva portal. 
  • On the page, select the “Login” button (CSC Login) in the upper right corner.  
  • Fill in the appropriate fields with your password and user ID. 
  • To access your account on the Digital Seva portal, click “Login” or CSC Login (CSC Login). 

How can I use my CSC login to access the Pradhan Mantri Fasal Bima Yojna or PMFBY?

One can access the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal by using the CSC login. 

To log into the PMFBY using the CSC login, follow the mentioned steps- 

To utilize the services provided, you can log into the PMFBY portal. 

Find a CSC: How do I log in to a CSC? 

The CSC centers are centralized locations that offer numerous online services to the public. Using the CSC Locator, you can also find the closest CSC online. To find a CSC online, adhere to the instructions provided. 

  1. Click on the following link:
  2. Choose the State, District, and Sub District from the drop-down list. 
  3. Type in the verification code. 
  4. Press the Enter or Return buttons. The CSC center’s address will show up on the screen. 

How can I reset my password for CSC Login?

You can reset your CSC password if you forgot it while logging in. Use the procedures listed below to reset your CSC Login password:  

Step 1: Visit the Digital Seva’s CSC login page.

Step 2: The CSC Login window has a “Forgot Password” link underneath it. 

Step 3: Clicking this tab will open a new window. 

Step 4: The user name, email address, and captcha code.

Step 5: Select “Create a New Password.” You will receive an email with a link to reset your CSC login password on the registered email address. Even after this, you can email the CSC team at if you still have trouble changing your Login password. 

How Can I Log in to CSC UTI? 

Login to CSC UTI: To do the CSC UTO Login, you will have to follow the mentioned steps- 

Step 1: Visit, the official CSC UTI Login website. 

Step 2: Click the “Click Here” button that displays. 

Step 3: On the ensuing screen, enter the username, password, and captcha code. 

Step 4: Click the icon to log in. You are going to be able to log in to CSC UTI. 

How can I use CSC to get LPG services? 

The purpose of the CSC login cloud is to use a centralized CSC login to deliver citizen-centric services. Getting an LPG connection through a CSC login has helped Indian citizens since cooking gas, or LPG is a necessary utility for every home. You can apply online for an LPG connection by following these steps using the single login or CSC login: 

Step 1: Go to the CSC login page of the Ministry of Petroleum at  

Step 2: Select “Digital Seva Connect” by clicking on it.

Step 3: The will appear to you. 

Step 4: Type in your password and username (or email address). To generate a username and password on the CSC login Digital Seva portal, go to and finish the registration procedure if you do not have a current one. 

Step 5: Fill the Captcha 

Step p 6: To refresh the page if the text is not readable,  click the refresh button.

Step 7: Select “Sign In” by clicking the button. The Digital Seva portal will automatically log you in. After entering your information, you can proceed to request LPG-related services.  

Which CSC services are available through the Digital Seva portal?

Through the Common Service Centers (CSCs) spread throughout India, the Digital Seva portal offers access to multiple services. The following list of services is available via the Digital Seva portal with a CSC login. 

  • G2C (Government to Citizen) Services: Citizens can use numerous government services, including voter ID cards, passports, Aadhar, and PAN card enrollment. 
  • Opening a bank account, requesting a loan, and applying for insurance policies are just a few banking and insurance services accessible through Digital Seva. 
  • Service for Agriculture: Farmers can obtain information about soil health cards, seed distribution, and crop insurance. On the CSC, they can also view the current status of the PM Kisan installment. 
  • Education Services: Digital Seva offers educational services, including online courses, skill development training, and scholarships. 
  • Health Services: The general public can make appointments at government hospitals, obtain diagnostic services, and use telemedicine. 
  • Utility Bill Payment: Residents can pay their gas, water, and electricity bills by logging in with their CSC credentials on the Digital Seva portal. 

What is CSC 2.0?

The Common Services Centers 2.0 scheme is known as the CSC 2.0 scheme. It is an initiative by the Indian government to provide people in rural and isolated areas of the nation with easy access to digital services. 

The program establishes Common Service Centers (CSCs) across the nation. For multiple digital services, including Aadhaar card enrollment, online bill payment, mobile recharge, and more, the CSCs serve as one-stop shops. 

Local business owners with the necessary training oversee the CSCs. To access the portal, these entrepreneurs have their CSC login credentials. Their computers and printers are among the many tools they have for this.

An upgrade to the original CSC scheme, which debuted in 2006, is the CSC 2.0 scheme. The previous plan set up computer kiosks and offered internet access in remote areas. More digital services are included in the earlier scheme’s scope thanks to the CSC 2.0 scheme. The Government of India took an important step to close the digital divide in the nation with the CSC 2.0 scheme. In addition to increasing access to digital services in remote and rural areas, it has empowered people to become digitally literate. 

All the information you require regarding KDA’s new plot scheme

The Kanpur Development Authority (KDA) has been working tirelessly to advance the city by building infrastructure and starting housing projects for its citizens. The board recently introduced a new plot scheme to offer affordable homes. Let us examine the program’s specifics, such as the requirements for eligibility and the application procedure.

Kanpur, one of the several cities lining the banks of the Ganges, is the city that epitomizes the typical Uttar Pradesh. Kanpur, a city that combines modern and traditional elements, is well-known for its iconic Green Park stadium and its thriving leather manufacturing industry. Its political fervor and cultural vibe have consistently made headlines. 

Due to its constantly shifting setting, the Kanpur Development Authority (KDA) has become a key player, influencing the town’s development. With new initiatives and plans, KDA is committed to offering affordable housing to all families. The article examines a recent initiative of KDA, along with other significant details. 

Concerning the Kanpur Development Authority.

One of the parties involved in creating and arranging the city’s infrastructure is the Kanpur Development Authority (KDA). The Housing Development of the Uttar Pradesh government oversees KDA’s operations. The authority actively allocates land for residential, commercial, and industrial uses, among other aspects of urban planning. KDA handles all infrastructure projects that improve Kanpur’s general quality of life. These projects include building roads, drainage systems, and public amenities.

KDA New Plot Scheme: Principal Features 

Find out the salient details of this scheme and guarantee your position in the charging urban landscape of Kanpur:   

Scheme Heading FDA’s New Plot Plan 
Presented by Kanpur Development Authority 
Recipients Kanpur locals 
Application Process Online 
Official Website 

FDA’s new plot scheme for 2023: Qualifications and paperwork

Applying for the FDA’s new plot scheme requires the candidate to meet the following requirements: 

  • Applications for the Kanpur Development Authority Plots Scheme 2023 must be at least eighteen years old. 
  • Those who qualify should own property or live close to economically deprived areas of Kanpur.
  • Potential candidates must be lawful permanent residents of Kanpur or any nearby states.

Entries for the KDA’s new plot scheme must include the following list of documents:

Documents needed for the new plot scheme in KDA 
Passport-sized photo
Phone Number 
PAN Card 
Aadhaar Card details 
Voter ID/ Aadhaar card 
Caste Certificate 
Certificate for the Disabled Category 
Income Verification 
Details of Spouse’s Aadhaar Card 

How can I apply for the KDA New Plot Scheme 2023?

The KDA new plot scheme application process occurs offline. The Kanpur Development Authority has published a notice that includes project details and registration dates.

Applicants must complete an offline application process to qualify for the KDA’s new plot scheme. To purchase the registration booklet, go to the closest HDFC bank branch. The application includes all the forms applicants fill out, and payment must be made at the HDFC bank using a demand draft. The KDA website will then publish the draw outcomes, ensuring openness and accessibility for all participants. 

KDA New Plot Plan 2023: Advantages 

For the benefit of Kanpur’s citizens, the state government supports a new plot scheme that the Kanpur Development Authority (KDA) is introducing. 

  • The program gives thousands of citizens the chance to obtain permanent residential addresses, giving them a sense of security and community. 
  • The recipients of the program can purchase a plot of land in any designated state area, enabling them to participate in the city’s development and invest in premium real estate. 
  • The program goes beyond the distribution of plots to guarantee housing for thousands of residents and to meet the increasing demand for high-quality living areas.
  • The KDA’s new plot scheme recognizes the value of community building and holistic urban development, and unlike individual schemes, it aims to benefit entire families. 


The 2023 plot scheme, one of the visionary schemes of the Kanpur Development Authority (KDA), embodies the city’s modernization process. With KDA leading the way, the city is starting a sustainable development journey and looking forward to a time when Kanpur’s legacy is kept alive and enhanced for future generations.  

The Indian real estate market offers an excellent opportunity for individual investors.

It is no secret that the Indian real estate market has seen its fair share of difficulties and volatility, but it has long been a focus for investors. For Indian retail investors, however, who wish to diversify their investment portfolios, it offers a bright future today. 

The industry presents an ideal opportunity for retail investors in multiple fields like residentials, commercials, retail, and logistics, with investors seeking to diversify their portfolios and generate sizable returns. 

Despite obstacles like the COVID-19 pandemic and legislative modifications, India’s real estate market has proven remarkably resilient. Retail participation has become more accessible due to recent changes like the RERA Act’s implementation and the rise in REITs. 

Retail investors now have a significant role in the Indian real estate market, marking a dramatic shift from earlier, when residential properties were their mainstay and a sign of the democratization of wealth. Retail investors will lead the next wave of growth with the ambitious target of a $1 trillion market size by 2030 as India works toward becoming a developed economy by 2047.

Fractional ownership is a new trend that is upending institutional investors’ long-standing hegemony over sizable commercial properties. Like other mutual funds, it enables regular investors to own these assets collectively through pooled investments. Due to its attractive returns, ease of tracking, and benefits for diversification, fractional ownership is becoming increasingly popular. 

Various estimates place the value of the fractional ownership market in India at $5.4 billion in 2020 and indicate a robust compound annual growth rate (CAGR) of 10.5 percent to reach $8.9 billion by 2025. This strategy works under SEBI’s regulatory purview, facilitates access to Grade A office properties, and promotes portfolio diversification. 

In the past, real estate was an effective inflation hedge. Real estate values typically rise in tandem with the cost of goods and services, providing investors with the possibility of capital appreciation. Additionally, rental income from real estate investments frequently increases with inflation, providing a consistent cash flow. 

Retail investors have also shown interest in other investment classes, such as Real Estate Investment Trusts (REITs). Within the stock exchange space, they offer access to Grade A commercial real estate in a transparent, liquid, and regulated way, combining capital appreciation with dividends. There will be more options available in the future. Retail investors can also take advantage of these opportunities by investing in iconic infrastructure assets through infrastructure investment trusts (InvITs). Globally, fractional ownership, REITs, and InvITs are gaining popularity, and India is quickly following suit.

The viewpoint of the Non-Resident Indian (NRI) is highly significant. Remittances from non-resident Indians (NRIs) make India an attractive investment destination due to its strong economic growth and regulatory improvements. They are increasing their investments in high-value commercial assets through REITs and fractional ownership. Additionally, fractional ownership makes emerging asset classes like co-working, co-living, and student housing accessible, offering both domestic retail investors and NRIs exciting opportunities. 

Retail investors stand to diversify their portfolios in alternative asset classes as the world’s debt and equity markets struggle with volatility. It coincides with India’s growing disposable income and income levels, making options like fractional ownership and REITs very appealing. These asset classes have momentum and will likely see faster growth over time.

Even though there are many opportunities in the Indian real estate market, retail investors must do extensive due diligence. It entails investigating the industry, comprehending regional dynamics, and evaluating the developer’s standing. Investors should diversify their portfolios, have a well-defined investment strategy, and be ready to make long-term commitments. 

Retail investors have a fantastic chance to profit from the future growth potential of India’s real estate market. Investing in Indian real estate can yield significant returns with appropriate research, planning, and risk mitigation. As the industry develops, staying knowledgeable and making wise choices can result in returns, which attracts investors looking to broaden their investment horizons.

Success in real estate investigation requires careful study, wise financial planning, and a long-term outlook, just like in any other investment. When retail investors handle this industry well, they may discover that it becomes a pillar of their investment portfolio, offering growth, income, and stability in a constantly changing financial environment. 

A homebuyer’s guide to Nandi Meraki along Bannerghatta Road, Bangalore

Envision residing in a community that approaches sustainable living! Enter Nandi Meraki, where a tranquil 14-acre lake and 60% green space may await your ideal home. Beyond its picturesque surroundings, the project has several environmentally friendly features, including a waste management system and a state-of-the-art solar power generating plant. Let us investigate its features and USPs in more detail. 

Due to its advantageous location, Bannerghatta Road is a well-liked residential area for Bangalore’s end users and investors. It is close to Jigani and Electronic City, two South Bangalore commercial, industrial, and IT hotspots. This urban pocket’s solid social network, which consists of multiple schools, hospitals, and shopping malls, is another noteworthy feature.

Additionally, Bannerghatta Road’s investment potential will only increase with the completion of the metro. Many well-known and up-and-coming developers are considering this site to start their projects because of these businesses and advances in these establishments and developments. One such developer is Nandi Housing, which recently opened Nandi Meraki, a new housing development on Bannerghatta Road. Continue reading this article to learn more about the vital aspects of this project, including the cost, features, and local highlights. 

An overview of the project for Nandi Meraki on Bannerghatta Road in Bangalore

Nandi Meraki is a low-rise housing project with four stories along Bannerghatta Road in Tejaswani Nagar. It covers eight acres in total. About 60% of this project is every nature lover’s dream. In total, Nandi Meraki consists of four towers with 444 apartments in 1-bedroom, 2-bedroom, 2.5-bedroom, and 3-bedroom configurations, and Meraki’s registration number is PRM/KA/RERA/1251/310/PR/311222/005573, and it is on file with Karnataka RERA.

Bangalore’s Nandi Meraki on Bannerghatta Road: Highlights of the project

  • Gazing upon 14-acre lake
  • 400 KW solar power installation on a rooftop
  • Supported by centralized heat pumps driven by solar energy 
  • Presence of 7,00,000 liter rainwater harvesting tanks 
  • Composter to process organic waste quickly 
  • Ensure maximum recycling with well-planned waste segregation systems.

Bangalore’s Nandi Meraki along Bannerghatta Road: Property options and costs

Nandi Meraki is a four-story building with residential apartments ranging from 1 BHK to 3 BHK. The project’s properties have a starting price of Rs 70 lakh and a maximum pricing of Rs 1.78 crore. The configuration-wise pricing details of the Nandi Meraki units appear in the following table: 

Prices and options for properties 
SetupsExtremely congested areaCost 
1-BHK715 sq ftRs 70 lakh 
2-BHK1075 sq ftRs 1.05 crore 
2.5 BHK1590 sq ftRs 1.56 crore 
3-BHK 1660-1820 sq ftRs 1.63-1.78 crore 

Bangalore’s Nandi Meraki on Bannerghatta Road: Payment schedule

Interested parties may reserve a unit at Nandi Meraki using a payment plan linked to the construction. The remaining amount of the flat cost is due upon completion of the various slabs/stages of the project. The payment plan stipulates that Rs 50,000 will be the booking amount.

Bangalore’s Nandi Meraki on Bannerghatta Road: Facilities 

More than 60 amenities are available at Nandi Meraki, combining well-being with ease of use. Several of the project’s notable amenities include: 

  • Fitness and Health
  • Social Spaces 
  • Temperature-controlled swimming pool
  • The Pavilion
  • Squash court
  • The studio 
  • Gym
  • Herbal Garden Area
  • Pet Parks 
  • Mini Theatre
  • Sand bed walkway 
  • Lake viewing decks 
  • Reflexology walkway
  • Library
  • Lotus Reflection Pond 
  • Senior citizen deck 
  • Children play area
  • Semi Outdoor Workspaces 

Highlights of Nandi Meraki along Bannerghatta Road, Bangalore

Nandi Meraki is found on Bannerghatta Road in Tejaswini Nagar. Homebuyers like it because of its proximity to employment hubs like Electronic City and Jigani Industrial Area, which are within ten kilometers of Bannerghatta Road. Because Bannerghatta Road is so close to these job centers, it is a popular rental area in South Bangalore.

Bannerghatta Road, Bangalore: Connectivity

A crucial route along Bannerghatta Road, a section of SH-87, connects to several locations in South Bangalore. Near Nandi Meraki on Bannerghatta Road, NICE Road Roas is another vital connecting route. The following highlights the project’s distance from a few significant connectivity nodes: 

  • Ballery Road connects Kempegowda International Airport to the project site 49 km away. 
  • Nearby NH-48 provides residents with smooth inter-city connectivity. 
  • In South Western, KSR Bengaluru is the closest train station, roughly 18 kilometers away. 

Bangalore’s Bannerghatta Road: Cost trends

Most homes along Bannerghatta Road, a mid-segment housing belt in South Bangalore, are apartments, plots, and villas. The neighborhood has a limited supply of two-bedroom dwellings. There is also a high demand for three-bedroom options. In Bannerghatta Road, the average cost of a property is Rs 6,200 per square foot. The following table shows that over the past five years, the region’s property rates have grown at a respectable rate:  

Bannerghatta Road Property Price Appreciation
Average CostPast three yearsPast five years
Rs 6,200 per sq ft15%25%

Bangalore’s Bannerghatta Road: A possible investment

In addition to its popularity with end users, Bannerghatta Road is a possible residential hotspot for investors. A few significant projects planned along the route would raise living standards and drive up real estate values. Following the announcement of these infrastructure initiatives: 

  • The ongoing construction of Namma Metro’s Pink Line will facilitate access to the metro for residents living near Bannerghatta Road. Kalena Agrahara is three kilometers away. 
  • The Bangalore Suburban Railway’s future Kanaka Line would connect at Huskur, 14 km away. Finalizing this railway line will improve the connection between Bangalore’s north and south. 

The projected growth in infrastructure presents the possibility of a spike in property prices along Bannerghatta Road. Nandi Meraki would be a good option if you could be an excellent investor in a project in this area. To make an informed choice, a buyer plans several site visits to verify the projects’ development status and perform in-depth market research. 

India’s Top 8 Housing Markets See 22% Increase in Sales and Bumper Growth: Report.

According to the most recent data from, the top eight residential markets worldwide have shown strong growth, with a 22% in sales and a 17% increase in new supply during the third quarter of the calendar year (July-September 2023).

According to a report published by titled “Real Insight Residential– July-September 2023,” residential unit sales rose to 1,01,220 in the third quarter from 83,220 units during the same period in the previous year.

All cities saw rises in sales, with the Mumbai Metropolitan Region (MMR) and Pune contributing nearly half of the total volume, excluding Chennai. 

The quarterly report tracks eight key housing markets: Delhi-NCR, MMR, Chennai, Kolkata, Bengaluru, Hyderabad, Pune, and Ahmedabad.

Sales information on apartments and villas is part of the data on the housing market. The micro-markets in Gurugram, Greater Noida, Faridabad, and Ghaziabad are all part of Delhi-NCR. Mumbai, Thane, and Navi Mumbai are all part of the MMR. 

The business head of and CFO of REA India, Vikas Wadhwan, stated: “The housing markets in the top eight cities are still expanding. Positive customer sentiment supports the robust demand.” 

Pent-up demand, rising disposable income, steady interest rates, and rekindled investor demand were among the main drivers of the sales growth, according to Wadhawan. 

  • According to data from, Ahmedabad’s year-over-year growth in housing sales is 31% higher, reaching 10,300 units from 7,880 units.
  • Sales in Bengaluru have registered a maximum growth of 60% to 12,590 units from 7,890 units. 
  • Delhi-NCR saw a 44% increase in sales, from 5,430 to 7,800 units. 
  • Hyderabad saw a 34% increase in sales from 10,570 units to 14,190 units. 
  • Sales in Kolkata have increased by 43% to 36,10 units from 2,530 units. 
  • Due to a higher base, sales in Mumbai have only slightly increased, from 28,800 units to 30.300 units. 
  • Pune’s sales increased by 18% to 18,650 units from 15,700 units. 
  • The only market to see a drop in sales was Chennai, where sales of 3,870 units fell from 4,420 units, a 12% decrease. 

“The market is consolidating, with demand centered around reputable developers, which gives homebuyers renewed confidence, especially for projects still under construction. It was not the case a few years ago.” 

31% of sales in the Q3 period occurred in the price range above Rs 1 crore, and 14% of units sold were ready to move into. 

The chief of research for,, and, Ankita Sood, stated: “Despite global difficulties, Indian real estate markets are strengthening in all major cities. The 22% rise in property sales from July to September and the 17% year-over-year growth in new launches indicate that we are in the midst of a residential real estate upcycle. We predict the holiday season will result in further revenue, perhaps breaking previous year’s records.” 

Regarding new supply, Ahmedabad grew the fastest, reaching 16,670 units, while other cities showed erratic trends. Even so, things remained positive overall, with 123,080 new units arriving– a 17% increase across the eight markets. 

Mend: Significance & Applicability in Indian Real Estate

Terms like “Mend,” common in India’s progressive real estate scene, play a key role in resolving disputes over land boundaries. Using words like “Mend” encourages legal observance and clarity, which makes the real estate industry more efficient and less prone to disagreement. 

The number of land disputes has increased significantly in India with the real estate sector’s significant advancements—one of the causes of these conflicts is unauthorized possessions in unclear field boundaries. However, using terminology like “Mend,” one can professionally handle these circumstances. This article explains the true meaning of Mend and its significance in helping prospective buyers and homeowners in India navigate the complex process of buying real estate. 

What is meant by Mend? 

“Mend” describes a method for restoring or repairing boundaries for real estate and construction. The boundaries of a property are by these lines, which often come from walls, fences, or other natural features.

In addition to repairing physical structures, mending these boundaries entails resolving any possible disputes over land ownership or use.

Mend the applicability of Indian Real Estate.  

The idea of repairing field boundaries is crucial in the varied terrain of Indian real estate. It is necessary to mark property boundaries in light of the ongoing construction projects and increasing urbanization.

Resolving property disputes 

One workable way to settle ownership disputes involving fields is to mend boundaries. Land is a valuable resource, and disagreements about property boundaries can be prevalent in densely populated areas. A methodical reconciliation procedure supported by legal clarity aids in resolving these conflicts.

Law observance 

In Indian real estate law, strict adherence to property laws is essential. Field boundary rectification protects the interests of developers and property owners by ensuring compliance with legal requirements. 


The idea of Mend–in particular, the concept of field boundaries– is essential to promoting sustainable and peaceful growth. It includes community cohesion, environmental responsibility, legal compliance, and physical repairs. Let us acknowledge its crucial role in forming India’s progressive real estate future.

Are you going to close your house loan? All you have to do is this

When you make your last home loan installment payment and close your home loan account, you probably feel a dizzying mixture of relief and joy.

As they say, “Patience is sweet when it sprouts.” When you eventually obtain sole ownership of your home, the effort of applying for a loan, gathering all the necessary paperwork, making the down payment, and finally paying the EMIs will all have been worthwhile. As you prepare to celebrate your debt-free home ownership with a grand celebration, make sure you comprehend and finish all the requirements for closing your home loan account.

Your Closing Your Home Loan Account Checklist 

Only when the lender makes the official declaration of account closure for a home loan is it considered closed? There are requirements to fulfill when settling your home loan account, so we have listed the things you should keep in mind.

  • Obtain Your Original Records 

Any lender you apply to for a home loan retains all your original documentation; all that is left are their photocopies. Make sure you request the return of all original documentation from the bank when it comes time to close your loan. Additionally, you must confirm that every document you receive is in good condition. The following is a list of documents you might need to get from your lender: 

  • Title deed
  • Sale deed
  • Authority to Act
  • Loan contract 
  • Letter of possession
  • Receipts for payments, etc. 

You must also notify your lender if the bank fails to send any submitted documents. 

  • Obtain the “No Dues” Certificate (NDC).

An NDC, sometimes called a “No Objection” certificate or NOC, is a document you’ll need to obtain from your lender as soon as you pay your house loan in full. An NDC proves that you have paid the lender all interest and owe them nothing more. As a result, the lender is no longer in control of your property.

The NOC must include details like the customer’s name, property’s address, loan amount, loan account number, and date of starting and closing the loan account. Making photocopies of the NOC is also advised to facilitate future transactions with other lenders. 

  • Get Your Property’s Lien Terminated 

Put simply, a lien prevents you from selling your property and grants the bank rights over it until your debt reaches you in full. The banks place a lien on your property, allowing them to sell it to recoup the loan balance if you default on the payments. 

Once you have paid off all of your EMIs and closed your home loan account, it is imperative to have the lien removed to enjoy full ownership of the property and the ease of a future sale. You and the lender’s agent must go to the registrar’s office to have the lien removed.

  • Obtain the Non-Encumbrance Certificate Update

You need to go to the Registrar’s Office and apply for a new Non-Encumbrance Certificate after you have paid off the entire loan balance and the lien has disappeared from your property. It is a legal document that includes thorough records of every financial transaction about the property.

  • Return the Security Cheques 

If you have given the lender podcasted security checks, remember to retrieve them when your home loan account is closed. 

  • Make Sure Your Credit Report Is Up to Date 

To Get unsecured loans, you must have a credit score or higher. For this reason, ensure that your lender updates this information to the credit bureau after you make the final EMI payment on your home loan. You must follow up with the bank regularly until you see the updated credit score, which typically takes a month to appear in your credit history. Additionally, you need to get any incorrect information that your lender may have inadvertently reported fixed as soon as possible. 

  • Monitor your loan repayments.

Get your loan history from the lender when your home loan pays off. It includes every significant payment you have made up to this point. Preserving a duplicate of the reimbursement account’s bank statements would be beneficial. The repayment history will be if you later disagree with the lender, credit bureau, or government agency.

  • Have your lawyer legally verify it.  

Getting a legal clearance certificate from a trustworthy lawyer is advised. When your home loan account is closed, a clearance certificate will confirm that all outstanding taxes have been paid. Getting this certificate is not required, but it will help you if and when you decide to sell your property.

Now that you understand the considerations to make during and after the home loan closing. Let us take a quick look at the closing of home loans. 

How to Close Your Account When Your Home Loan Is About to Expire 

If the final installment and all outstanding debts have been paid off: 

  1. Send a letter to the bank requesting the return of the original documentation you provided when applying for the loan. 
  2. You must include any additional documents you require in your letter, such as copies of invoices, etc. 
  3. The bank will typically respond to you within seven business days. 
  4. The lender will return your original paperwork and provide them with a closure letter stating there isn’t a balance owed. 
  5. Additionally, the bank will give you an NOC stating that it is no longer entitled to your possessions. 
  6. You must go to the Registrar’s office with the NOC and the bank representative if the bank has placed a lien on your property to have it removed. 
  7. In addition, the bank will promptly return the title deeds if it has yet to put a lien on your property. 

Yamuna Expressway is a real estate goldmine, luring investors in with the prospect of lucrative returns.

The Yamuna Expressway area is developing into a vibrant and promising real estate market, and investors need to take advantage of the opportunities in this cutting-edge environment. The area is undergoing a metamorphosis, and future projects and the prospect of rich returns make it a sought-after center for real estate development.

As the real estate market shifts, wise investors are paying attention to the advantageous opportunities the Yamuna Expressway location offers. The Yamuna Expressway corridor is a real estate investment hotspot because of its solid infrastructure and strategic location.

The wide range of prices offered by properties in the Yamuna Expressway real estate market satisfies the needs of buyers seeking both luxury and affordable properties. Several properties at Yamuna Expressway cater to the mid-segment of real estate buyers and are priced between Rs. 45 lakh and Rs. 90 lakh, while prices for the luxury segment soar to Rs. 2.25 crore. The region has seen over 63.9% growth in investments over the last five years, with some real estate projects seeing growth as high as 48% in a year. Due to the region’s strategic development initiatives, expanding economic clout, and rising real estate demand, investors are pouring money into this area in droves. 

The key to this development is the soon-to-be Noida International Airport at Jewar, which will become the biggest airport in Asia. The region is a top option for individuals looking for exciting real estate opportunities because of the convergence of revolutionary developments and the vision of a prosperous future.

With its excellent connectivity and proximity to Delhi-NCR, the Yamuna Expressway is a prime location for real estate development and investment. Its well-planned location guarantees easy to major business centers, academic institutions, and medical facilities. 

The Yamuna Expressway corridor offers a variety of investment opportunities for novice and experienced real estate investors, ranging from residential complexes to commercial spaces and industrial zones. World-class roads, transportation hubs, and smart city projects are a few of the ongoing infrastructure improvements that make the area more appealing to investors and give them hope for long-term growth and value appreciation.

The Yamuna Expressway is quickly becoming a center of the economy, drawing significant businesses and creating jobs. Residential, commercial, and industrial space demand has increased due to this economic growth, making real estate investment profitable. 

The government’s proactive policies and incentives have further enhanced the Yamuna Expressway’s investment potential. It is a desirable location for individuals looking to make a safe and profitable investment because of the advantageous circumstances that investors can benefit from, such as tax advantages and expedited approval procedures. Even analysts anticipate that property appreciation will continue to trend positively in the upcoming years. The Yamuna Expressway will likely yield significant returns on real estate investments for investors as economic activity and infrastructure develop. 

Ace Group, a reputable real estate brand, is poised to significantly impact the crucial development of the Yamuna Expressway corridor with its much-awaited upcoming project. The Ace Group was founded in 2010 and has had an incredible history of success ever since. Since its inception, Ace Group has built on a foundation of accomplishments and has completed projects totaling over 15 million square feet, including the massive 50-acre Ace Palm Floors Township. The Ace Group is working on projects totaling approximately 17 million square feet, including joint ventures. Residential projects like Ace Platinum, Ace City, Ace Aspire, Ace Golfshire, Ace Divino, Ace Parkway, and Ace Palm Floors are among their varied portfolio highlights, and they all received positive feedback from delighted clients. With projects like City Square, Ace Studio, Ace Capitol, and Ace Medley Avenue, Ace Group has made a lasting impression in the commercial sector. Ace Group, a prominent real estate company, is about to make an impressive move into the Yamuna Expressway corridor, reshaping the surrounding area.

Ace Group, a reputable company known for its timely and high-quality project delivery, presents its next project on the Yamuna Expressway as an alluring prospect for investors and end users. This new project, which marks a new chapter in the dynamic evolution of the Yamuna Expressway corridor, embodies Ace Group’s dedication to excellence with an eye toward the region’s ongoing transformation and the possibility of planned infrastructure enhancements.