Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
The First Home scheme involves the building of new homes specifically to be sold at a discount. However, these homes are otherwise intended to be of similar specification to full-price homes.
Property consultant CBRE's recent publication, India Market Monitor Q3 2021, highlighted that with a sustained attractive mortgage regime and government incentives.
Stamp duty is the tax governments place on legal documents, usually in the transfer of assets or property. Governments impose stamp duties, also known as stamp taxes, on documents that are needed to legally record
certain types of transactions.
Equity Loan is a government scheme for first-time buyers. It provides a loan, called an equity loan, that you put towards the cost of buying a new build. During the term of the equity loan you only pay interest
on the amount you borrowed. You do not pay off any of the loan itself.
