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Home Authors Posts by Bhanu Sahu

Bhanu Sahu

Talks about real estate and finance. Besides this, he is an eternal optimist , he loves to explore new heights and worships nature.

DIY Christmas Decoration Ideas 

Readymade decorations are so generic and boring that they lack heart and soul. This Christmas, add a little extra spice and sugar to your home and tree with handmade decorations. If you are not artistic, do not worry—we have lots of simple and enjoyable ideas to make gorgeous handmade decorations that will wow your friends and family and save you a ton of money.

Here are our best DIY projects to transform your house this year and make it look even better.

DIY Pasta Wreath

A gorgeous homemade wreath made with pasta can be made at home this year; all you need is a paper plate, glue, spray paint, and some farfalle pasta! You can decorate it with ribbons and pine cones, and it will definitely make your neighbors jealous! A beautiful wreath outside the house looks warm and inviting. Break with tradition and make this one!

DIY Homemade Christmas Tree

For a truly bold look, this year make your own Christmas tree instead of going with the typical fir or pine. It is simple to assemble, requiring only small wooden dowels or scrap wood of different lengths and a hot glue gun to adhere the pieces together. Add some handmade hanging ornaments, such as large bows, and string fairy lights to finish off your designer Christmas tree.

Minimalist No-Mess Tree

Try this minimalist DIY Christmas tree instead if you do not have the time or energy to decorate a large tree or have limited space. Simply paint a branch, place it in a glass jar or vase, and add some Christmas accessories to make it look stylish.

Cinnamon Scented Candles

This holiday season, there is no need to break out your glass or silver candlesticks—make your own rustic, charming candlesticks instead! Simply glue cinnamon sticks around a votive candle and wrap them in a pretty little piece of lace or ribbon; add pine cones and a little greenery to finish them off. These are so simple to make, and the aroma of cinnamon, both warm and nutty, fills your home with the lovely scent of Christmas.

Pasta Cone Trees

These little pasta cone trees, which can be adorned with rolled-up balls of golden wire or beads and bows, will make a pretty focal point for your Christmas festoons. They are incredibly easy to make, but they still look quite exquisite. All you need is a paper cone, pasta, spray paint, and glue.

Basic Mason Jars

These rustic mason jars would look great on the window sill or side table, dressed down with a little lace, ribbon, pine cones, and green sprigs; they make inexpensive, yet charming lamps that add a touch of charm to any room in the house, and a little Epsom salt added underneath the tea lights or candles creates a snowy effect!

Make Your Own Faux Fireplace 

You can create a faux fireplace that looks and feels authentic by arranging pillar candles of varying sizes in rows. This is a clever and sophisticated way to replicate the real thing, and you will feel the warmth coming from the hearth!

DIY Cardboard Roll Home Decorations

These adorable and simple cardboard roll characters are a great craft to do with your kids to get them in the Christmas spirit. All you need is cardboard rolls, paint, and a little imagination!

Bottom Line 

Get creative and make your own decorations to adorn your hearth and home! It is time to get creative and ring the Jingle Bells! Add a little personal touch to your décor and watch the magic of Christmas unfold before your eyes! Christmas is a time to spend quality time with family.

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Tax-free Real Estate Investments

Since the returns on real estate investments are well known, investors are frequently uncertain about the feasibility of real estate investing due to the tax on income or profits. For this reason, we provide a list of investments that allow for real estate transactions to be completed without incurring taxes.

While many people believe that real estate investments attract heavy levies, there are some transactions that are devoid of any tax liability. This article provides an account of such property investments where you can save big on taxes. Real estate investments are frequently long-term and made with the intent to generate profits. However, a lack of knowledge on the subject may cause property buyers to lose a significant amount of their income towards multiple taxes.

Income from agricultural land

As per section Section 10(1) of the Income Tax (IT) Act any income generated from agricultural land is exempted from taxes. However, one has to prove that the money earned is from agricultural land, like rent or revenue from the land or the sale of crops, to mention a few. The same rules apply to the income from farmhouses with certain conditions as per Section 2(1A) of the Act; however, landowners must pay capital gains tax if the land is acquired by the government for any kind of infrastructure development. In the case of agricultural land, the compensation received is also exempt from tax under the IT Act. 


However, to be eligible for the tax exemption on income from farmhouses, one must meet the following requirements: 


(a) the land must be used for agricultural purposes for at least two years before the date of transfer 

(b) the compensation must be received on or after April 1, 2004.

Income from the family property

Income from the Hindu Undivided Family (HUF) and ancestral property is exempt from taxation under Section 10(2) of the IT Act. According to the IT Act, a property is considered ancestral if it has been inherited by four of its immediate male ancestors.

Reverse mortgage

This concept involves the bank paying the loan borrower a fixed interest rate in either a lump sum, monthly installments, or both. If you take out a loan under the reverse mortgage scheme, the money you receive is fully tax free under Section 47(XVI) of the IT Act. If you own more than one property, the first property is tax free and the others are taxable.


As per Section 10(23FCA), income earned from Real Estate Investment Trusts (REITs) is free from all tax implications.

Value of palaces

According to Section 10(19A) of the IT Act, owners of large properties—like palaces—are considered past rulers, and the rental income they receive from renting out a section of the structure is exempt from taxation.

Income from charitable trusts and religious institutionsL

Sections 10 (23C) (IV) and 10 (23C) (V) of the IT Act exempt income from all tax implications for charitable trusts and religious institutions; however, in order to benefit from these tax exemptions, the institutions must be approved by the IT Commissioners in accordance with the aforementioned sections. The IT Act offers various provisions for investors to earn income free of taxes, but before making any decisions, it is advisable to obtain the appropriate legal counsel and knowledge on the matter.

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Flower Plants for Balcony Gardens

Got some space in your balcony? Why not turn it into a lush green oasis this summer? No need to worry about the hot Indian summers, as we have got you covered with some flowering plants that will thrive in your balcony. These plants are perfect to add some color and beauty to your balcony, and your neighbors will surely turn green with envy. Let’s start with the basics and get your balcony garden started!

Plant Flowers in a pot

When you’re starting to grow your own plants, there are a few things to keep in mind. First, make sure your flower pot has holes in the bottom for water to drain out. It doesn’t matter if your pot is made of plastic, clay, cement, or something else entirely. 

Second, you need to choose the right kind of soil. You can mix sand and fertilizer together yourself, or you can buy a ready-made potting mix at your local nursery. It’s up to you! Finally, when you’re planting seeds, just dig a hole about 1/4 inch deep and pop the seed in. 

If you’re transplanting a flower, make sure the hole is deep enough to fit the root ball, then gently break the roots apart and cover them with soil. But don’t cover the stem – it needs to breathe!

Caring tips for flowering plants

  • To keep your flowers healthy, water them regularly using a watering can, hose, sprinkler or drip system. Make sure to keep the water close to the soil to avoid disturbing the flowers or causing soil erosion.
  • Remove any weeds from your flower pot as they not only look unattractive but also take away nutrients from the soil, leaving the flowers with nothing.
  • Encourage the growth of your flowers by removing any dead or wilting flowers regularly.
  • If you notice branches drooping, give your flowers the support they need by propping them up with bamboo sticks.
  • Make sure to give your flowers enough space to grow by repotting them in a bigger container if the pot looks too crowded.

Some flowering plant to consider


Marigolds are not only bright and beautiful but also thrive in dry and sunny environments. You can easily grow them in pots and use hanging planters for them to trail and create a lovely border for your balcony garden.


Petunias bloom well in full sunlight and are perfect for any sunny balcony. They have a trailing tendency and can be planted in containers. Proper watering can give your balcony garden a lovely facelift.


Although Tulsi plants are slightly fussy initially, once they grow, they don’t require much tending. They can add a refreshing aroma to your balcony space, and in winter, just drop a few leaves into your tea to keep those sniffles away.


Mint plants are better grown in individual pots as they can interfere with others in a tray. They need sufficient water but will die with too much. Mint can render a wafting fragrance through your garden, and the leaves can be used in beverages as well as to garnish your food.


Roses need a lot of sunlight and water, making them perfect for sunny balconies in the summer. With about 150 known varieties of roses available, you can mix and match them to create a balcony that’s all about beauty and romance.

Tips for Watering a Balcony Garden

If you’re living in an urban area in India, you might want to have a small garden on your balcony. It’s a great way to bring some greenery into the concrete jungle, and with proper care, your plants can thrive. One of the most important tasks in taking care of your balcony garden is watering your plants. Here are some tips to help you with that.

First, make sure you have the right tools for the job. A watering can with a narrow spout or a hose with a misting nozzle is ideal. You can easily find these at local nurseries or online stores.

Next, water your plants early in the morning or late in the evening when it’s not too hot outside. This will help your plants absorb the water more effectively and avoid getting scorched by the sun. Avoid watering them during the hottest parts of the day as the water can evaporate quickly and may not be helpful for your plants.

When watering, make sure to water your plants thoroughly but avoid overwatering. Stick your finger about an inch into the soil, and if it feels dry, it’s time to water your plants. If it feels moist, wait for a day or two before watering.

Lastly, if you’re going away for a while, ask someone to water your plants regularly. Alternatively, you can invest in a self-watering system for your balcony garden. These systems are available in India, and they can help ensure that your plants get the right amount of water while you’re away. 

Wrapping up

If you want your balcony garden to stay healthy and green, just follow these simple steps. And if you’re interested in starting a terrace garden, NoBroker can help you get started with helpful tips. If you’re looking for a home with a balcony or a bigger one, NoBroker can find the perfect place that meets all your needs. Click below to start searching!

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Possession Certificate: Everything you need to know

Owning land is a pretty big deal in our country. Article 19 of the Indian Constitution states that every citizen has the right to buy, hold, and sell property. To make things official, you have to get a possession certificate. It’s a document that proves you own the property and that the sale is legit. Without it, you can’t really claim any rights to the land. A builder can also give you a possession certificate to show that you bought the property from them. The main idea is to make the transfer of ownership official and give you all the rights to the property.

Importance Of A Possession Certificate

It is important to note that a property owner cannot be deemed validated until a possession certificate has been issued in the name of the buyer. This certificate is the primary document, among several others, that the buyer must request from the seller. Without the issuance of this certificate, the property in question will not be recognized as belonging to the buyer, and hence, they will not have any legal rights to it. It is important to remember that each state has different procedures and regulations that must be followed to obtain a possession certificate. On average, it takes around 30 days to receive the certificate. Therefore, it is crucial to understand and adhere to each state’s rules and regulations when seeking to obtain a possession certificate.

Occupancy Certificate

Obtaining an occupancy certificate is of utmost importance for builders, as it certifies that the building has been constructed as per the prescribed norms and is suitable for occupancy. It is imperative for prospective homeowners to check the occupancy certificate before purchasing a house from a builder, in addition to possessing a possession certificate. The certificate can be obtained by the builder from the local municipality, and certain banks also consider it before granting home loans to buyers.

The significance of an occupancy certificate has been underscored by a recent judgement by the Supreme Court under the Consumer Protection Act. The apex court has held that it is mandatory for the builder to obtain an occupancy certificate, and buyers have the right to demand substantial compensation if the builder fails to do so. This ruling has further cemented the importance of obtaining an occupancy certificate for all parties involved. 

Possession Certificate and Occupancy Certificate: Differences

A Possession Certificate is a legal document that officially transfers the ownership of a property from the seller to the buyer. This document can be issued by an individual, not necessarily a builder. In contrast, an Occupancy Certificate is a certificate provided by the builder to the buyer of a house, indicating that the property has been constructed in compliance with the applicable norms and is fit for habitation.

Conditional Possession Letter

It is not uncommon for a buyer to express dissatisfaction with a property even after its possession. In the case of a property purchase, this could arise due to issues such as leakages or erosion of walls, pending repair work, and other similar concerns. In such instances, it is recommended that the buyer write a letter to the builder, sharing their feedback and requesting that they undertake the necessary remedial measures. Should the builder fail to address the concerns, the buyer may consider presenting a conditional possession letter in court.

How To Get A Land Possession Certificate?

Individuals seeking to obtain a possession certificate are advised to get an application form from the Tahsildar office in rural areas or the Revenue Divisional Officer in urban areas. To streamline the process, we have broken down the steps in acquiring a possession certificate below. 

Step 1: Acquire the application form from the Tahsildar office or the Revenue Divisional Officer, depending on your area of residence, to apply for a possession certificate. 

Step 2: Accurately provide your personal details and those about your property. You should review all the information provided and seek assistance from the local authorities in case of any ambiguity. 

Step 3: Ensure the required documents are attached to the application form.

Documents required:

  • Two passport-size photographs
  • Ration card
  • Aadhar card
  • Proof of ownership of property
  • Income certificate and income details
  • Building completion notice as given by the architect or engineer
  • Photographs of the property

The following are the steps to obtain a possession certificate:

Step 4. Fill out the form with all the required information and submit it to the relevant office. Ensure that you obtain the acknowledgement letter and application number. Once you obtain the application number, you can check the status of your possession certificate on the digital portal. 

Step 5: A technical officer will visit and conduct a comprehensive inspection of your property. 

Step 6: After the inspection, higher officials and the city planner will review the technical officer’s report. 

Step 7: You will be notified of the expected date for receiving the possession certificate. 

Step 8: Upon issuance of the certificate, you may either download it from the e-district portal or collect a hard copy from the respective office. Kindly note that you need to log in using your credentials to download the certificate online.

Sample of Possession Certificate Format

Wrapping Up 

Possession Certificate is a linchpin in property transactions, symbolizing legal ownership and safeguarding buyers’ interests. Diligence in following state-specific procedures and adhering to documentation requirements is key to obtaining this crucial document efficiently.

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Marble vs Granite– Which one is right for your home?

Knowing the difference between Marble and Granite can be super helpful when you’re trying to decide which one to use for your home renovation project. It doesn’t matter if you’re redoing your kitchen, upgrading your bathroom, or picking out new flooring – understanding these differences can help you pick the one that works best for you. It’s all about balancing your aesthetic preferences with your practical needs so you can have a space that looks great and functions perfectly.

Marble vs. Granite: Difference

Deciding between marble and granite for home decor can be tough. They’re both natural stones, but they’re not the same. Marble is a fancy-looking rock made from limestone. It’s got pretty veins and comes in different colors, making it a top pick for flooring, countertops, and bathrooms. 

Granite, on the other hand, is a tough igneous rock that comes in many colors. It’s a popular choice for kitchen countertops and high-traffic areas because it’s scratch-resistant and can stand up to heat. The main difference between the two is how they look and how much upkeep they need. Marble is luxurious with its soft, flowy veins, but it stains easily and requires regular sealing. Granite is pretty low-maintenance and has a more uniform look with speckles.

Aesthetics: Beauty Beyond Compare

The way your house looks from the inside is important to set the vibe of your home. Want to know more about marble and granite and how they can help you get the perfect look for your living spaces? Let’s dive into it!

The marble looks super cool because of its veiny and shiny surface. It can add a lot of sophistication to any room. The natural designs on marble make it look like an art piece. Since each piece is different, it’s perfect for someone who wants to add a unique touch to their interiors. Whether you want a classic or modern look, marble can make it happen without any effort.

On the other hand, granite has a strong and bold appearance. It comes in different colors and patterns that can add a sense of strength and resilience to your decor. Many people like granite for their kitchen countertops because they can handle the daily wear and tear of cooking. Whether you pick marble or granite for your home depends on the kind of mood and vibe you want in your living space.

Cost vs Value 

Choosing between marble and granite is a big deal for homeowners and investors. It’s not just about the look but also the cost and long-term value. Marble is known for its luxurious appearance, but it can get pretty pricey. Certain marble types are rare and have intricate veining, which can drive up the cost considerably. Plus, you must factor in the installation and maintenance expenses, like sealing to prevent staining.

However, granite is a more budget-friendly option that doesn’t compromise on durability. It may not look as luxurious as marble, but it’s still pretty sturdy. Although granite has a lower initial cost, it can save you money in the long run because it’s resilient and doesn’t require much maintenance. Granite countertops, for example, can withstand years of wear and tear without losing their charm.

Marble vs. Granite: Durability and Maintenance

When you’re choosing materials for your home, you gotta think about how easy they are to maintain and how long they’ll last. Let’s take a look at how marble and granite compare when it comes to toughness and upkeep.

The marble looks amazing, but it’s not as hard as granite. It can get scratched and etched pretty easily, and it’s not great at resisting stains, so you gotta make sure you seal it regularly if you want it to keep looking good. If your home is busy and you’re worried about your stuff getting damaged, you might want to think twice about putting marble in.

On the other hand, granite is super tough. It’s really dense and hard, so you don’t have to worry about scratches or heat damage. Plus, it doesn’t need much maintenance at all, which is why it’s perfect for kitchen countertops. If you’re someone who loves to cook and you’re always making a mess, granite is a great choice.

Where to Use Marble and Granite

Different spaces in your home ask for different materials, so it’s important to pick the right one for each purpose. Let’s check out where marble and granite shine and where they might have limitations.

The marble looks pretty fancy, so it’s perfect for spots where good looks matter. People usually use it for bathroom vanities, fireplace surrounds, and fancy flooring. But watch out, because it stains easily, so it may not be the ideal choice for areas with lots of traffic, like kitchens.

On the other hand, granite is tough and heat and scratch-resistant, making it a great pick for kitchen countertops. You can cook, chop, and scrub without worrying that you’ll ruin it. Granite is also a hit for outdoor applications, like patio countertops and outdoor kitchens, where it can handle the weather like a champ.

Consider aesthetics, maintenance, and budget when deciding between marble and granite. Granite is durable and suitable for active lifestyles, while marble offers timeless elegance but requires diligent maintenance to maintain its pristine look.

Wrapping up 

The choice between marble and granite for your home involves a careful consideration of various factors. Understanding the differences between these natural stones, from aesthetics to durability and cost, is crucial in making an informed decision for your home renovation project.

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Home Loan Provisional Certificate– Everything you need to know

If you own a house, you surely know what a home loan provisional certificate is. It’s a document that tells you about all your financial transactions. Also called a housing loan interest certificate, it’s very important for tax planning and compliance. In this blog, we’re going to talk about the essentials of this certificate, why it’s so important, and how it can help you with your income tax.

What is a Home Loan Provisional Certificate?

The home loan provisional certificate is a significant document issued by lending institutions in India to borrowers. Also known as a housing loan interest certificate, it provides a detailed breakdown of the principal and interest repayments made by the borrower during a specific financial year. This certificate plays a crucial role in income tax filings, especially for those seeking deductions. 

The certificate contains essential information, such as the borrower’s details, loan account number, and particulars of the lending institution. However, its primary significance lies in the detailed categorization of the EMI (Equated Monthly Installment) components, which specifically distinguish between the interest and principal portions. 

From an income tax perspective, this certificate is paramount as it enables homeowners to claim deductions on both principal repayment (aligned with Section 80C) and interest payments (per Section 24) related to their home loans. The meticulous categorization within the certificate empowers individuals to precisely report these figures during the annual income tax return filing process. 

The home loan provisional certificate not only ensures transparency in financial transactions but also simplifies the tax compliance journey for borrowers. It is prudent for homeowners to retain and systematically organize these certificates, as they emerge as indispensable documents when navigating the intricacies of the yearly income tax filing ritual.

Importance of Home Loan Provisional Certificate 

This document is pretty crucial, especially when it comes to claiming tax deductions. Let me explain it in simple terms.

A home loan consists of two significant components – the principal amount and the EMI (Equated Monthly Installment), and both of them are eligible for specific tax benefits. The best part is that you can claim deductions under Section 80C of the Income Tax Act on the principal amount repaid, up to Rs. 1,50,000 and under Section 24 on the interest component, up to Rs. 2,00,000.

This means that by submitting your home loan certificate, you can save a considerable amount of money by reducing your taxable income. Isn’t that great?

Additional Deductions for Stamp Duty and Registration Fees

Apart from the basic principal and interest, a home loan certificate can also help you save money on other expenses related to buying a house, like stamp duty charges and registration fees. This means you’ll have more options to reduce your taxable income and get some extra tax benefits.

Essential Documentation for Tax Filing

It’s essential to submit your home loan provisional certificate while filing your income tax returns for availing tax benefits. This certificate is proof of your financial transactions, which helps you substantiate your claims for deductions. Not providing this document may lead to missed opportunities for reducing your tax liabilities.

In simple terms, a home loan provisional certificate not only reflects your repayment details, but it also provides access to significant tax savings. It allows you to take advantage of available deductions in line with the Income Tax Act. Hence, it’s crucial to maintain this document and keep it readily accessible. It’s not just a financial practice but also a smart move that can help improve your overall tax planning.

How to Obtain Provisional Certificate for Home Loan

If you’re trying to get your hands on your home loan provisional certificate, don’t worry – it’s pretty easy! Nowadays, most banks have an online option, so you don’t even have to leave your house. Here’s how you can get your certificate:

Online Method:

  • Head to your bank’s website
  • Log in with your info
  • Look for the section that talks about your home loan summary or relevant documents
  • Download the certificate (it might be called “Provisional Tax Certificate” or “Interest Certificate”)

Offline Method:

  • Go to the nearest bank branch
  • Give them your loan account number, PAN, and date of birth
  • Ask for your home loan provisional certificate

Wrapping Up 

Home Loan Provisional Certificate stands as a pivotal document in the financial journey of homeowners, providing a detailed breakdown of principal and interest repayments. Its significance amplifies during income tax filings, allowing individuals to claim deductions accurately and efficiently. The certificate not only ensures transparency in financial transactions but also simplifies the tax compliance process.

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Outdoor Flooring Ideas– Designs and Materials

Did you know that you can use flooring outside too? Yup, it’s not just for the inside of your home. Whether it’s a deck, patio, or any other outdoor area, laying down some hard surface can make it more useful and enjoyable.

A good outdoor flooring can provide the necessary support and make your outdoor space look awesome. But with so many options available, it’s tough to decide which one is right for you. There’s no one-size-fits-all solution when it comes to balcony flooring, either. You can use a more traditional material like concrete pavers or get creative with something unique and make your patio or garden floor stand out. After all, it’s the bold pattern, surprising material, and design innovation that make an outdoor space come to life.

Outdoor Flooring Options

Looking for durable yet appealing flooring ideas? Here are some of the best outdoor flooring ideas and materials that you can consider: 


Wood decking has been around for a while and remains popular for outdoor spaces. It can be expensive, but teak, mahogany, and ipe are excellent options. Remember to protect your investment by treating and maintaining the wood. Clean and seal it every one to two years to keep it looking great.

Composite Decking

Composite decking is an artificial outdoor flooring option made of thermoplastic polymers, wood flour, and wood fiber. It’s impervious to decay and the elements, making it a durable and cost-effective choice. It’s also easy to install with click-together formats. However, keep in mind that it’s nonporous, so paint or stain won’t adhere well. But if you choose the right color and style, it will look great for many years.

Ceramic Tile

Ceramic tile is a great flooring option due to its water resistance and lower cost compared to wood or stone. However, it can be affected by temperature changes and may crack. Check with a local flooring expert for advice on whether it’s suitable for your area and inquire about slip resistance. Avoid using ceramic tile in areas where children are likely to run and play.

Natural Stone

Consider using natural stone for your patio as it is durable and looks beautiful. To save money and promote environmental responsibility, choose stone from your local area. This will also ensure that the flooring blends nicely with the surrounding scenery. Check out your local flooring store for available options.

Outdoor Carpeting

Consider installing carpet on your porch for a comfortable experience. Home Depot offers peel-and-stick carpet tiles that are easy to install. However, if you’re looking for a long-lasting outdoor flooring solution, outdoor carpeting may not be the best choice.

Rubber Tile

Rubber flooring is a great option for outdoor areas. It’s durable, slip-resistant, and shock-absorbent. Rubber pavers can cost as low as INR 70/- per square foot and come in stone, brick, or asphalt looks. For playgrounds, rubber tile with high shock absorption is ideal for safety.

Artificial Grass

Maintaining a beautiful lawn can be expensive and time-consuming. Artificial grass is a great alternative that requires no mowing, seeding, fertilizing, or sprinklers. It’s also a one-time investment that can save you hundreds of dollars in the long run. Additionally, if you suffer from seasonal allergies or have difficulty mowing the grass, artificial grass can be a great solution. 

Artificial Grass Tile

Bonus Tip

Did you know that you can use ground-cover plants instead of grass for your outdoor flooring? It’s a low-maintenance option that can make your landscape look beautiful while also being good for the environment. There are many options available, such as Creeping Phlox, Japanese Pachysandra, Deadnettle, Candytuft, and Canadian Anemone. These plants are perfect for steep slopes, high-traffic areas, and shaded spots. Plus, using plants instead of grass can also help support other living things, such as bees and butterflies. How cool is that?

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Franking Charges Explained: Meaning and Benefits

When buying a home, don’t forget to consider the financial aspect. There are many additional payments that can increase the price significantly, such as Registration Charges, Stamp Duty, Loan Processing charges, Technical Appraisal charges, Franking charges, etc. It’s crucial to understand what these charges mean to avoid any issues and ensure a smooth home-buying experience.

What is Franking?

Franking is a process that involves getting property documents stamped to indicate that the payment of stamp duty has been made. This stamp is provided by authorized institutions such as banks to prove the legality of the document. To get the Franking done, a Franking machine is installed in sub-registrar offices of different states in India.

Franking Charges

When purchasing property, it’s important to know that in addition to stamp duty, there is also a separate charge called the franking charge. Many buyers confuse these two charges, but they are distinct and we will explain their meanings in this article.

Benefits of Franking

If you’re looking for a way to save money and time on sending mail, consider using a franking machine instead of stamps. Here are some benefits of using a franking machine:

Reduced Costs: You only need to purchase postage once with a franking machine, instead of buying stamps for every letter or parcel. This can save you a lot of money in the long run.

Convenience: With a franking machine, you can quickly and easily prepare your mail for dispatch without having to go to the post office. This saves you time and energy.

Efficiency: A well-maintained franking machine will produce clean, consistent impressions every time. This makes it easier for postal workers to identify and sort your mail correctly, ensuring that it reaches its destination as quickly as possible.

Why Franking Was Introduced?

Frankin was introduced to stop the process of confirming payment of stamp duty by printing agreements on non-judicial stamp papers due to forgery, misuse, and stamp paper scams.

Difference Between Stamp Duty and Franking Charge

Stamp duty is a tax that you pay to the government when you buy or sell a property. It is a government charge that is applied to real estate documents like sale deeds and transfers of assets and properties. The amount of stamp duty you pay depends on the state you are in, and it ranges from 4 to 6 percent. You can pay it in person or online through the state portal at the sub-registrar’s office.

Franking is the process of having legal property papers stamped. To frank a document, you need to pay a small fee to the authorized bank or agent. This fee is called the franking fee. The franking stamp paper itself doesn’t cost anything, but banks have the right to charge up to 0.1 percent of the transaction value. These fees can be deducted from the amount of stamp duty that was paid.

Only authorized banks are allowed to frank stamp paper, and they can only do it for a certain number of hours each business day. It’s important to note that franking stamp paper is not the same as stamp duty. Stamp duty is the tax you pay to the government for authorizing the property transaction, while franking is the process of having the legal property papers stamped.

What is Stamp Duty?

Legal documents, such as sale deeds, power of attorney agreements, conveyance deeds, and other business agreements, need to be stamped to make them legally valid and binding. Stamp Duty is a tax imposed by the government on such documents. It is like a transaction tax that confirms the registration of the property in your name and legalizes your ownership of the property. Stamp duty is a significant source of revenue for the government. You can pay stamp duty by purchasing pre-embossed stamp papers, using e-stamp papers, or franking of stamps.

Franking Process in Banks

Before signing any documents, you need to frank them. This means you need to get a stamp from an authorized bank that shows you’ve paid the required stamp duty. Not all banks can do this, and the ones that can have a daily limit on how many documents they can frank. To make sure you can get your documents franked, it’s best to go to the bank early in the day or use an authorized agent. You should also make an appointment with the bank beforehand. Your bank will be able to give you more information about this process and provide you with authorized agents.

Franking Charges

When you get your documents stamped by banks or agents, you need to pay a fee called franking charges. The amount of this fee is decided by the state government and varies from state to state. Some states have a fixed fee, while others charge 0.1% of the property value or loan amount. Stamp duty and franking charges are closely related, and the stamp duty usually includes the franking charges, with the charges being deducted from the stamp duty. 

In Maharashtra and Telangana, the franking charges are 0.1%. For instance, if you buy a property worth Rs. 80 lakhs, you will have to pay Rs. 8000 as franking charges. If the stamp duty in your state is 5.5% of the property value, you will only have to pay 5.4% as stamp duty if the franking charge has been paid. However, if you use other means of stamp duty payment, this adjustment will not be made. (Please note that the stamp duty rates vary across states and are subject to change, and the numbers used here are just examples.)

It’s important to keep in mind that most home loans do not cover stamp duty and franking charges. So, when selecting a home loan vendor, make sure you are prepared for these additional expenses.

Franking Charges on Loan Agreements

Franking is necessary for loan agreements and costs around 0.1% of the loan agreement, in addition to the charges for the property document. It helps to authenticate the documents and is equivalent to at least 0.2% of the loan agreement.

Franking of Documents

To frank a document, print it on plain white paper. Take it to a franking agency or authorized bank, pay a stamp duty fee, and get a stamp affixed to reflect the amount paid before executing or signing the agreement.

Calculation of Franking Charges

Keep in mind that franking fees vary between states. Therefore, the franking fees in Telangana are different from those in Maharashtra. Typically, it amounts to 0.1% of the purchasing price. For example, if you spend Rs. 40 lakhs on a property, the franking charge will be Rs. 4,000. Also, please keep in mind that the stamp duty fees include the franking stamp fee. Therefore, if the applicable stamp duty in your state is 6.5%, you would have to pay 6.4% at the sub-office registrar’s and the remaining to the franking authority.

Methods of Franking

Stamp duty can be paid in different ways, such as franking, pre-embossed stamp papers, and e-stamping. Each method has its advantages and disadvantages.

Pre-embossed stamp papers can be hard to find for all denominations and must be purchased from an authorized vendor, which can be difficult to verify and may lead to fraud cases.

E-stamp paper is a more secure and faster option than pre-embossed papers. However, cancelling an e-stamp paper can be complicated and may result in losses.

Online franking procedures are safe, fast, and easy, especially if cash or demand draft payments are made. However, regulations and charges for franking papers are not uniform across states, and avoiding delays caused by the quota limit for franking requires preparation and knowledge from your side.

Alternatives to Franking of Documents

Stamp duty is a tax that needs to be paid to the government when certain documents are signed. There are different ways to pay this tax, but the most popular one is through franking. This means the stamp is printed on the document instead of a physical stamp. Another way to pay is by buying pre-embossed stamp paper, but it can be difficult to find and verify its legitimacy. 

Nowadays, e-stamping and online franking have become more popular because they are more reliable and secure. This method allows you to pay the tax online using internet banking or a bank challan if you don’t have activated online net banking. However, it’s important to note that franking is only recommended when paying with cash or a demand draft. 

It’s also important to keep in mind that different states have different laws regarding franking, and there may be quota restrictions that could cause problems for the buyer.

Wrapping up 

When buying a home, it’s important to consider all the costs involved, including franking charges. Many states are now moving towards e-stamping, which is a digital alternative to franking. This is because e-stamping is more convenient and accessible for everyone. To help you plan your finances, it’s important to understand these costs before starting your home search.

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Pros and Cons of Land Investments– All you need to know

Investing in land is often considered a good option as it can provide higher returns than other real estate investments. However, before you decide to invest in land, it’s important to understand the advantages and disadvantages of this type of investment. This article explores the pros and cons of investing in land to help you make an informed decision.

Real estate is one of the most popular investment options in India, and among the various types of properties, land is the most preferred. This is because land investments generally offer higher returns, better resale value, and lower maintenance costs. However, it’s important to evaluate the investment properly before making a decision. Like any other financial product, land investment has some downsides, such as limited availability and tax-related issues.

Advantages and Disadvantages of land investment


Investing in land can be a wise decision for those looking to enter the real estate market. Here are some advantages to consider:

Low investment cost: Purchasing a property in metro cities such as Delhi, Mumbai, and Bangalore can be challenging due to high property prices. Investing in a plot of land in emerging areas can offer an easier entry point into the market. Residential plots in peripheral areas of cities are often available at more competitive prices than established areas or city centers. For example, buying a land parcel in outer areas of Mumbai, such as Palghar, Manor, Boisar, and Dahanu, can be a lucrative option for those looking to invest in their second or vacation homes.

Multiple uses: One of the biggest benefits of buying land is the ability to customize it for any future use. Land can be used for poultry farming, agriculture, or to construct a house. Investors can also sell the land to a developer for the construction of residential or commercial developments or enter into a joint venture agreement with a real estate developer under RERA. This not only provides an exit route but also allows investors to attain their share of profit in the form of a newly constructed unit.

Higher resale value: The rate of appreciation on land is higher than constructed properties as land remains in the same condition, barring natural impact caused due to weather or erosion. Additionally, a limited supply of land ensures higher competition in the market, ushering in increased price points.

Less maintenance: The cost of maintaining a plot is usually less than that of a constructed property. Investors do not have to worry about recurrent repairs or revamps. Apart from mowing the area or fencing and hiring a guard for surveillance, plots do not involve additional maintenance.

Improved norms: The Real Estate (Regulation and Development) Act, 2016 (RERA) has brought in a sea change in the real estate norms and regulations. Not only does it tighten the noose on realtors to adhere to the changed norms, but also brings in increased transparency and accountability. For instance, for those who invest in residential plots, the requirement is that the land plot must be RERA registered.

Digitization of land records and maps: The Union and State governments are undertaking a massive exercise to digitize old maps and land records. This is a positive for land investments as it will usher in more transparency and clarity. The digitization process will enable easy translation for such land records. The simplification of access to land records will enhance the attractiveness of land investments.

Disadvantages of land investment

Investing in land has its advantages, but it also has some limitations. Here are some things to keep in mind:

Availability of land is a concern: While demand for land is always increasing, supply is decreasing. With a growing population and infrastructure projects, land availability has decreased, especially in cities. If you’re looking to buy land in a Tier I city, you may only find land on the outskirts.

The land is susceptible to encroachments. Illegal confiscation of land is a common problem, with many cases reported across the country. This can be a costly legal issue to resolve. If you’re buying agricultural land, it’s important to check ownership details for the last 30 years. The government can take agricultural land for infrastructure or commercial projects.

Reselling land can be complicated: While land value appreciates quickly, finding a buyer willing to pay a higher price can be a challenge. Compared to other financial products, such as gold or mutual funds, land cannot be immediately sold when you need to cash out. It may take years to find a suitable buyer.

Getting a loan for land purchase can be difficult: Banks are hesitant to lend money for land purchases due to fraud associated with plot deals. Banks prefer to lend money for land purchases from renowned builders.

Taxation and compliance issues can be complex: Investment in land requires an understanding of tax laws, especially in the post-RERA regulatory environment. Failure to comply can result in penalties. Unlike home loans, there are no tax benefits for interest paid on loans for land investment. Property tax rates in cities across India increase steadily, putting an additional burden on landowners.

Emerging trends in India’s real estate land investment sector

According to a recent interview with Niranjan Hiranandani, a prominent figure in the real estate industry, there is a forecasted boom in the realty sector in 2024. Mr. Hiranandani predicts a 15 percent growth across the board, citing a hopeful change in the system and a decrease in non-performing assets (NPAs) to less than 1.5 percent, the lowest in any sector. Additionally, factors such as middle-class expansion, upcoming developments, and continued governmental support are expected to contribute to the promising outlook for land investments in India.

Bottom line

Investing in land presents a myriad of opportunities and challenges that require careful consideration. The digitization of land records further enhances transparency and accessibility. Despite these challenges, the emerging trends in India’s real estate sector indicate a positive outlook with anticipated growth and government support.

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A Guide For Selecting Tiles

The living room is an essential part of any home, and the tiles you choose for it can have a significant impact on how it looks and feels. They’re just as important as the decorations and wall art you choose. Not only do your living room tiles need to look good, but they also need to be of good quality and the right size. Picking the perfect tiles might seem like a daunting task, but it’s essential to get it right. In this article, we’ll help you choose the right tiles for your living room.

Tiles are a popular choice for modern homes because they are durable, easy to care for, and stylish. You can choose from a variety of tile materials, such as stone or porcelain. When choosing tiles for your living room, you should consider their texture, pattern, size, quality, and cost. By selecting the right tiles, you can give your living room a fresh new look and enhance the beauty of your home. We’ve put together a guide to help

Types of tiles for living room

Looking for the right type of tile to use in your living room? Here are five options to consider:

Stone Tile

Stone tiles like travertine or slate have a natural look that adds rustic charm to your living room. They come in different earthy tones and textures, but they need regular sealing to keep their durability.

Vinyl Tile

Vinyl tiles are budget-friendly, versatile, and easy to maintain. They come in different designs, including wood, stone, and abstract patterns, and are resistant to moisture and high traffic.

Porcelain Tile

Porcelain tiles are known for their sophistication and durability. They look like natural materials such as marble or wood, but they are highly resistant to stains and scratches. They’re a good choice for living rooms because they don’t absorb water, making them long-lasting.

Mosaic Tile

Mosaic tiles come in different designs and materials, such as glass or ceramic, and offer endless possibilities to add personality to your living room

Tips for selecting quality tiles for living room

Here are some things you should keep in mind while selecting tiles: 

  • Choose tiles that are made of Porcelain or Ceramic, as they are known for their durability and ability to resist wear and tear. These materials ensure that your tiles will look beautiful and last a long time, especially in high-traffic areas like floors and walls.
  • Look for tiles with a high-quality surface finish that is easy to clean and resists stains. This will help to keep your tiles looking great for years to come.
  • Make sure that the tiles you choose are thick enough for their intended use. Thicker tiles are generally more durable and able to withstand daily use without chipping or cracking.
  • Check the water absorption rate of the tiles, especially if you’re planning to use them in areas that are prone to moisture. Tiles with low water absorption rates are less likely to be damaged by water exposure, making them ideal for use in bathrooms, kitchens, or any other space where spills can happen.
  • Make sure that the tiles you choose have consistent colors across the entire batch. This will ensure that they look great when installed and provide a seamless and aesthetically pleasing appearance.

Ideal-size tiles for living room

The ideal tile size for a living room depends on various factors, including the room’s dimensions, layout, and personal preferences. One of the common tile sizes used for the home is 18×18 inches or 24×24 inches. These large tiles not only expand the space but also help to create a more open and cohesive look. They also reduce the number of grout lines, providing a smoother and more continuous surface. 

Calculate the number of tiles for living room

Are you wondering how to calculate the number of tiles needed for a room? It’s important to choose the right size of tiles to create the perfect ambiance. But how do you know how many tiles you need? Here’s a simple guide:

Measure the room

Find out how long and wide the room is in feet. Then multiply these two numbers to find out the square footage of the room.

Consider wastage

It’s always a good idea to add a bit extra when calculating how many tiles you need. This is because you might make mistakes or need to cut some tiles to fit the room. We recommend adding around 10% extra, but it can vary depending on the room and tile layout.

Calculate the total area

Once you’ve added some extra, multiply the total square footage by the percentage you added. This gives you the total square footage needed, including the extra tiles for waste.

Find out the tile size

Next, you need to know the size of the tiles you plan to use. If the tiles are in square feet, just divide the total square footage needed by the size of each tile. This will give you the total number of tiles required for your room.

Total tiles = Tile size/total square footage with wastage

Ideal colors for tiles for living colors

If you’re planning to give your living room a fresh new look, choosing the right tile colors can make all the difference. Here are some tips to help you select the perfect tile colors:

  • Consider the overall style and colors of your living room. You want to choose tile colors that complement or contrast with the predominant hues in the room. This will help create a cohesive and visually appealing space.
  • Think about how much natural light your living room gets. Lighter tile colors can make a room feel more open and airy, while darker colors can add warmth and coziness. Choose tile colors that work well with the lighting conditions in your room.
  • For smaller living rooms, lighter-colored tiles can help create the illusion of space, making the room feel larger. In larger rooms, you have more flexibility to mix and match lighter and darker tiles to add visual interest.
  • It’s also important to consider the colors of your existing furniture and decor. You want to choose tile colors that harmonize with or provide a complementary contrast to your furnishings. This will help ensure that your tiles enhance the overall aesthetic of the room.
  • Don’t forget to get samples of the tiles for living room. This will give you a chance to see how the colors look under different lighting conditions and alongside your furnishings. It’s a hands-on approach that can help you make a more informed decision.

Some latest trends for living room flooring

There are some great trends happening in the world of flooring design. Here are some of the latest options to consider:

Luxury Vinyl Plank: This flooring option looks like hardwood but is actually made of vinyl. It’s a great choice because it’s durable, easy to maintain, and affordable. Plus, it’s water-resistant, which makes it perfect for any room in your home.

Wood-Look Porcelain Tiles: Porcelain tiles that look like wood are gaining popularity because they offer the timeless charm of hardwood floors, but are more durable and moisture-resistant. You can choose from a wide variety of wood species to get the look you want.

Large Format Tiles: If you’re looking for a modern and sophisticated look, large-format tiles might be the way to go. These tiles are bigger than traditional ones, which creates a seamless and expansive appearance. Plus, fewer grout lines mean less cleaning.

Natural Materials: If you’re interested in eco-friendly options, consider natural materials like cork and bamboo. Cork is comfortable to walk on and has a unique texture. Bamboo is renewable and environmentally friendly.

Mixed Material Floors: If you’re feeling adventurous, consider mixing different flooring materials in the same room. This approach allows for creative design expressions and can add layers of texture and personality to your living room.

Final Thoughts 

When choosing tiles for living room, consider factors like size, material, color, and style. Make sure to balance practicality with aesthetics to ensure the floor is durable and functional. With so many options available, you’re sure to find the perfect fit for your home.

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