Solar power promises to change the way electricity is generated in the country, and it has an impact on the real estate sector as well. With Mr. Narendra Modi raising the target of solar electricity generation from 20,000MW to 100,000MW by 2022 at a cost of $100 billion, the market for everything solar has suddenly come to life. As pollution…
Tag: #realestate
Power of Attorney and its importance in real estate.
Power of Attorney (PoA) is an important legal document in real estate and property related transactions. However, not many people understand the importance of documents. Autoscale team would explain the power of attorney and its significance. What is Power of Attorney : A power of attorney is an instrument that is used by people (principle) to confer…
All you need to Know about Stamp Duty
What is stamp duty & why to pay it? Possession is the physical transfer of the property is not sufficient. You also need to have legal ownership. At the time of registration, you will also have to pay a stamp duty which is a government tax levied on property transactions. Buying a house is one of the biggest…
Real Estate Basic Knowledge – Loading Fector,OSR, FSI & Construction Stages
Loading Factor : Loading Factor can be defined as the area which includes the proportionate share of the common area for a flat which is determined by applying a multiplier to the carpet area. In general, builders include space around staircases and elevators as common areas while calculating the loading factor. Thus, loading factor, when combined with the carpet area,…
What is FSI (Floor Space Index)?
FSI stands for Floor Space Index also known as Floor Area Ratio (FAR). FSI means the ratio between the area of a covered floor (Built up Area) to the area of that plot (land) on which a building stands. This numeric value indicates the total amount of area (on all floors) you can build upon a plot. How to calculate FSI for…
Charges on a home loan that everyone should know.
When you take a home loan, you don’t just pay the EMI on the loan. there are as many as 13 different charges, though not all of them apply to every case. 1) Application Fee: Covers the preliminary expenses of a bank for conducting verification. Rs 1,000-Rs 5,000. 2) Processing Fee: Covers the cost of the credit appraisal. Fee depends on borrower’s…
Home Loan Terminologies – Autoscale
When you are in the process of availing a loan to buy your dream home, financial institutions or banks usually use a number of technical terms which may sound new to you. The below article provides a list of number of technical terms used by banks when you avail a home loan. 1) Margin When you take a loan, the…
What is Jantri(જંત્રી)? – By Autoscale.
What is Jantri? Jantri rates are the minimum price of land / building in a particular area or Jantri is the government document which specifies the market price of the land and buildings. On the basis of Jantri rates government decides stamp duty to be collected in any sales deed of land or building. In…