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Types Of Home Loans In India: A Complete Guide

Buying a home is one of the most significant financial decisions most people make. However, only some have the funds to purchase a home outright. This is where home loans come into the picture. In India, various types of home loans are available to suit different needs and budgets. This guide will explore the different types of home loans in India and help you make an informed decision. But first, let’s briefly understand a home loan and its uses.

Understanding a Home Loan

A home loan is a popular financing option provided by banks and institutions to purchase a home. It’s a secured loan with the property as collateral. Repayment is done in instalments with interest over time. Different types of home loans are available, impacting repayment terms and interest rates. Obtaining the right information helps make homeownership more accessible without upfront costs. Read more on the factors to consider for a home loan to make a more informed and confident decision.

Eligibility Criteria 

To be eligible for a home loan, applicants typically need to meet certain criteria. This includes having a stable income and employment, a good credit score, and providing necessary documentation like proof of identity, address, and income. The loan amount may depend on factors such as property value and the borrower’s down payment. Lenders also consider the borrower’s age, existing debts, and financial obligations. Eligibility requirements may vary among lenders, so it’s best to consult them directly for accurate information.  

Let’s delve into the various types of home loans available in India.

The 6 Types of Home Loans in India

Fixed-Rate Home Loans

A fixed-rate home loan is a type in which the housing interest rate remains constant throughout the tenure of the loan. This means that your EMI (equated monthly instalment) will remain the same even if the market interest rates can increase.

Fixed-rate home loans are ideal for those who want to plan their finances and avoid any surprises in their EMI amount. However, the interest rates on fixed-rate home loans are usually higher than the floating-rated ones.

Floating-Rate Home Loans

A floating-rate home loan is a type of mortgage and home loan in which the interest rate is linked to the market rates and can fluctuate during the tenure of the loan. This means that your EMI can increase or decrease depending on the market housing loan rates.

Floating-rate home loans are ideal for those comfortable with fluctuations in their EMI and want to take advantage of any decrease in the market rates. However, it is important to note that floating-rate home loans can be unpredictable and result in higher EMIs in case the market rates increase significantly.

Home Construction Loans

A home construction loan is a loan for building a new home. It’s disbursed in stages as construction progresses. It’s specifically for people who want to build rather than buy a ready-made house. These loans typically have higher interest rates and more documentation requirements than other home loans.

Home Improvement Loans

A home improvement loan is for renovating or repairing an existing home. It covers expenses like painting, plumbing, and electrical work. It’s a good option to avoid digging into personal savings. However, these loans typically have higher interest rates than other home loans.

Home Loan Balance Transfer

A home loan balance transfer is a type of loan that is used to transfer the outstanding balance of your existing home loan to another bank or financial institution. This is usually done to take advantage of lower housing loan rates offered by other banks.

A home loan balance transfer is ideal for those who want to reduce their EMI and save money on interest payments. However, it is important to note that additional charges may be involved in the balance transfer process.

Pradhan Mantri Awas Yojana (PMAY)

The Pradhan Mantri Awas Yojana (PMAY) is a government scheme that provides affordable housing options to the economically weaker sections of society. The Credit-Linked Subsidy Scheme (CLSS) under PMAY offers first-time homeowners the opportunity to secure home loans with reduced interest rates. By availing this scheme, you can potentially save up to Rs 2.67 lakh on your Home Loan. Additionally, you can enjoy benefits like an extended loan tenure of up to 20 years. To access these advantages, ensure that you choose a lender registered under the PMAY scheme if you’re a first-time property owner.

Complementary Loans for Home Financing

Apart from the types of home loans mentioned above, there are also some additional features that you can consider. For example, some home loan lenders offer a top-up loan, an additional loan you can avail on top of your existing home loan. This can be used for various purposes such as home renovation, education or medical expenses. 

Another feature you can consider is a loan against property (LAP), a type of loan secured against your property. This can be a good option if you require a large amount of money for a longer duration.

Conclusion

Various types of home loans are available in India to suit different needs and budgets. It is important to evaluate your financial situation and choose the right type that best fits your home loan requirements. Some factors to consider are the following:

  1. Interest rate
  2. Loan tenure
  3. Processing fee
  4. Pre-payment and foreclosure charge 
  5. Eligibility criteria

When selecting a home loan, it is also essential to read the fine print and understand the terms and conditions of the loan. It is also necessary to consider the various factors including interest rates, EMIs, etc. With the Home Loan Eligibility Calculator, you can gauge the EMIs to be paid during the loan tenure. Make sure you compare the different loan offers available in the market and choose the one that offers the best value for your money.

A home loan is a long-term financial commitment, and choosing the right type of loan that fits your requirements is important. Make sure you research, compare the different loan offers available, and read the fine print before making a decision. At Assetz Property, we believe in guiding you the right way when it comes to home loan finances. If you still have more queries, we have got your back with this all-you-need-to-know buying guide. With the right home loan, you can fulfil your dream of owning a home without straining your finances.

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Social, Fitness, Leisure & More – Amenities that enhance living!

Apartment living has become increasingly popular in recent years, especially in urban areas where space is limited and the cost of living is high. When searching for an apartment, one of the most important considerations is the list of amenities that come with the residential society. From convenience to comfort and everything in between, apartment amenities are designed to enhance your living experience and make daily life easier and more enjoyable. Whether renting an apartment or looking to buy one, having access to desirable amenities can make all the difference in your quality of life. In addition, these amenities can add value to an apartment, making it more attractive to potential renters or buyers and increasing its resale value. Here is a list of apartment amenities to look for when searching for an apartment that meets your needs and preferences.

  1. Security

Safety is a top priority for most people when choosing a residential society. Look for a society with security measures like CCTV cameras, security guards, and access control systems. These measures ensure that you and your loved ones are safe and secure. Finding an apartment in a residential society with proper security will give you peace of mind and make you feel secure in your new home.

  1. Fitness Centre

Staying fit and healthy is an important part of our daily lives. Having a fitness centre in your residential society can help you stay active without having to leave your apartment complex. Look for a society with a well-equipped gym, swimming pool, yoga or meditation room, and sports facilities like basketball or tennis courts. Access to these facilities can help you maintain a healthy lifestyle without going far.

  1. Parking

Finding a secure and convenient parking space is a major concern for most apartment dwellers. Look for a residential society that provides ample parking space for residents and guests. The parking lot should be well-lit, under surveillance, and easily accessible. Some societies also offer reserved parking spaces, which can be a great convenience for those who use their vehicles frequently.

  1. Children’s Play Area

If you have children, a residential society with a well-designed and well-maintained children’s play area can be a great advantage. Curate a list of apartments in societies that provide amenities such as an outdoor play area with swings, slides and other play equipment. Some societies may also offer an indoor play area where children can play safely and have fun even during extreme weather conditions.

  1. Pet-Friendly Amenities

If you have a pet to look after, look for a pet-friendly residential society. Some societies offer apartment amenities list, including dog parks, pet grooming services, and pet-friendly walking trails. Access to these amenities can make your pet’s life more enjoyable and allow you to socialize with other pet owners in the community.

  1. Clubhouse

Apartment clubhouse is one of the most sought-after amenities in modern-day apartment complexes. It is a dedicated community space that promotes socialisation, relaxation and entertainment. It can be used for various activities like hosting parties, movie nights, and other community events.  An apartment clubhouse is ideal for hanging out with friends and neighbours or relaxing and unwinding after a long day at work.

Conclusion

In conclusion, choosing the right residential society with the right list of amenities can make a big difference in your daily life. In addition to these amenities, there are other factors to consider when choosing a residential society. These may include the society’s location, the apartment’s size and layout, the quality of the construction and maintenance and the community and neighbours. All of these factors can impact your overall satisfaction with your living situation, so it’s important to consider them when you find an apartment. 

Not all residential societies offer the same amenities, so it’s important to research and compare different options before deciding. Our newly launched residential project Bloom & Dell  offers a list of amenities that are suitable for you and your family. Planned carefully, this project serves luxury with exclusive amenities and a like-minded community of people to fit in along with catering to your family’s needs.

Ultimately, deciding which residential society to choose comes down to your individual preferences and priorities. By considering the most important amenities, you can find a society that offers the right combination of convenience, comfort and security and enjoy all the benefits of living in an apartment complex.

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The Must-Have Small Kitchen Appliances For Every Home Cook

Cooking at home can be a wonderful experience, but it can also be time-consuming and challenging, especially when you lack the right tools. Fortunately, some small kitchen appliances can help you make delicious meals with ease and efficiency. In this blog post, we will discuss the must-have cooking appliances for every home cook.

The Need For Small Kitchen Appliances

Every home cook needs a good kitchen appliance set to make cooking more efficient and enjoyable. While some may argue that traditional cooking methods are just as effective, small kitchen appliances offer a variety of benefits that make them a must-have for every home cook.

One of the main advantages of small kitchen appliances is that they save time. Cooking with traditional methods can be time-consuming, especially if you’re cooking a large meal. Some  efficient cooking appliances like blenders, food processors and slow cookers can help you prepare ingredients quickly and with minimal effort. 

A good kitchen appliance set can also help you save money. Cooking at home is generally more cost-effective than eating out, and using a productive kitchen range can further reduce your never-ending efforts while cooking. Finally, investing in a kitchen appliance can help you fulfil your healthy eating goals. Many appliances, such as air fryers and steamers, allow you to cook food without using a lot of oil, reducing the fat content of your meals. Here we have compiled a small kitchen appliances list to help you choose the right kitchen appliances for a smooth experience.

  1. Rice Cooker

A kitchen appliance that is an excellent investment for home cooks, it is one of the essential small kitchen appliances every household should have. It helps you to multitask and prepare perfectly cooked rice without monitoring the cooking process. A rice cooker is also versatile and can be used to prepare other types of grains, such as quinoa, dal and dalia. Some rice cookers also come with additional features, such as a steaming basket, which can be used to steam vegetables, seafood and meat. If you haven’t already, consider adding one to your kitchen today.

  1. Food Processor

A food processor is one of the best kitchen appliances used to chop vegetables, shred cheese, make dough and grind meat. When choosing a food processor, look for a large capacity, multiple attachments and a powerful motor.  It can also make pesto, hummus, and other dips. A food processor is essential for home cooks who want to save time and energy. It easily makes your chutney taste as good as when made using a grinding stone or sil batta!

  1. Slow Cooker

A slow cooker is a convenient tool that allows you to cook meals without having to monitor them constantly. It’s perfect for busy home cooks who want to create delicious meals while multitasking. A slow cooker is an excellent investment for making stews, soups, curries and even desserts. When choosing a slow cooker, look for one with a large capacity, multiple temperature settings and a timer. Also, consider the material that is used for making the cooking pot as it plays a huge role in temperature regulation while cooking.

  1. Electric Kettle

An electric kettle is a quick and efficient way to boil water for tea, coffee, or other hot beverages. It’s an essential appliance for any tea or coffee lover. An electric kettle can save time and energy compared to boiling water on the stovetop. When choosing an electric kettle, look for one with a fast boil time, a large capacity, and an automatic shut-off.

  1. Toaster Oven

A toaster oven is a compact appliance to bake, broil and toast. It’s perfect for small kitchens and can cook various dishes. A toaster oven is an excellent investment and easily one of the best kitchen appliances for home cooks compared to a full-size oven. When choosing a toaster oven, look for one with multiple cooking settings, a large capacity and a timer. You can also get a toaster oven as a part of your built-in kitchen appliances while designing your kitchen space.

  1. Steamer

A steamer is another essential small kitchen appliance that can help you easily prepare healthy and nutritious meals. This versatile appliance can cook vegetables, seafood and meat without adding fat or oil. One of the benefits of using a steamer is that it helps retain the cooked food’s natural flavour, texture and nutrients. It is a versatile appliance that can cook various foods, such as vegetables, fish, chicken and rice. Some steamers also come with additional features, such as a rice bowl, which allows you to steam rice at the same time as your vegetables or meat.

  1. Immersion Blender

An immersion blender is a handheld tool that can be used to blend soups, sauces and other liquids. It’s perfect for home cooks who want to save time and energy compared to a traditional blender. An immersion blender comes in very handy for blending eggs, and making chutney and cake batters. When choosing an immersion blender, look for one with multiple speed settings, a powerful motor and a detachable blending arm for easy storage.

  1. Air Fryer

An air fryer is a healthy alternative to deep-frying. It uses hot air to cook food, giving it a crispy texture without the added oil. It is a great appliance for home cooks who want to make crispy and healthy meals. When choosing an air fryer, look for one with multiple cooking settings, a large capacity and a timer.

Conclusion

Small kitchen appliances make cooking and meal preparation much easier and more efficient. Investing in the right appliances can save you time, energy, and even money in the long run. With the must-have kitchen range, you can easily elevate your cooking game and create delicious meals.

It’s important to note that while these appliances can make cooking easier, they’re not essential for every home cook. The appliances you need will depend on your cooking style, preferences and budget. Consider what you like to cook and how often you cook when deciding which cooking appliances to invest in.

When shopping for kitchen appliances, look for brands with a good reputation for quality and durability. Consider reading reviews from other users and checking the warranty before purchasing. With the right appliances and some practice, you can become a master chef in the kitchen and enjoy cooking at home even more.

If you are looking for a stunning kitchen to go along with your kitchen appliances that will make your guests gasp in awe, look no further than our latest development – Soho & Sky! The design is a perfect blend of style and functionality with a range of top-of-the-line kitchen layouts that will take your cooking and entertaining to the next level. Experience the luxury of our custom-designed spaces today. Our larger-than-life units are perfect to fit all your life stories!

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Balcony garden decoration ideas for a fresh revival

A balcony is a great addition to any home or apartment. It provides a perfect spot to enjoy the outdoors and get fresh air. However, sometimes the balcony tends to be overlooked and become a neglected space. But with enough creativity and inspiration, you can transform your balcony into a beautiful garden space. Here are some chic balcony garden decoration ideas that can revive your outdoor area and make it feel fresh and inviting.

Keeping Up With The Trends

In recent years, balcony garden decor has become an increasingly popular trend among homeowners and apartment dwellers. With more people living in urban areas with limited outdoor space, creating a balcony garden has become a way to bring nature into their homes and enhance their quality of life. So, here are some balcony garden decoration ideas to fulfil your creative ick. By incorporating these ideas, you can create a beautiful and functional balcony garden that enhances your quality of life and provides a peaceful retreat from the everyday hustle.

  1. Add Colourful Potted Plants

Balcony decoration ideas with plants are a great hit among decor enthusiasts. One of the easiest ways to add life to your balcony is to fill it with colourful potted plants. It will also serve as a great option if you are looking for green balcony ideas. Look for plants that are well-suited to the amount of sunlight your balcony receives. Mix and match with different textures and colours to create a vibrant and visually appealing display. Some great balcony plants for decoration include succulents, herbs, and flowering plants like petunias, marigolds, or impatiens.

  1. Install Vertical Gardens

If you have limited floor space, a great solution is to install a vertical garden that will also serve as a part of your balcony plant decoration. You can easily create your own vertical garden using planters or pockets that hang on a wall or railing. This way, you can add more plants to your balcony that also cater to green balcony ideas without sacrificing valuable floor space. Vertical gardens are also a great way to create an attractive wall that adds a beautiful visual element to your balcony.

  1. Use Natural Elements

One of the best garden ideas for a balcony is incorporating natural elements like stones, rocks, or driftwood that can exude a more organic feel. Use them as accents around your plants or as a backdrop to your seating area. These elements can add texture and dimension to your balcony garden decor while creating a more natural and inviting environment.

  1. Create A Seating Area

No balcony is complete without a cosy seating area. Whether it’s a simple chair or a three-seater outdoor sofa, having a comfortable place to sit can transform your balcony into a relaxing space. Throw in some outdoor cushions or pillows in colours that complement your plants and decor to make it feel more lively.

  1. Hang String Lights

Nowadays, there are several modern ways to amp up your balcony. Hanging decor like string lights makes a good choice – a simple and affordable option to infuse some vibrant vibes. Hang them around the perimeter or drape them over your seating area to create a warm and cosy atmosphere. You can also add other balcony hanging decor, like candles or lanterns, to enhance the ambience and create the perfect outdoor environment.

  1. Add Outdoor Art

Finally, try adding some outdoor art. It can be a great way to inject personality and style into your balcony. You can hang a mural or a piece of artwork or add some sculptures or statues that complement your plants and decor. Choose something that speaks to your personality and reflects your style to make your balcony look truly unique.

  1. Make it Low-Maintenance

Finally, when decorating your balcony garden, it’s crucial to consider the level of maintenance required. If you don’t have enough time to care for your plants, consider choosing low-maintenance balcony decoration ideas with plants like succulents or cacti. 

Let’s Conclude

There are several ways to decorate your balcony garden and create a beautiful space. Whether you want to design a cosy retreat or fun, vibrant outdoors, these balcony garden decoration ideas can help you achieve the perfect vibe.

If you are looking for a home with the perfect space to showcase your garden decorating skills, then look no further. You can now own a piece of the earth with Assetz Earth & Essence Row Houses, where you find large attached balconies to experiment with in addition to a backyard with dining that can be transformed into a fresh and inviting extension of your home, with just a little creativity and some inspiration. 

Our expertly designed apartments at Bloom & Dell and Sun & Sanctum also offer spacious and stylish balconies, perfect for transforming into your own personal space. From cosy seating arrangements to vibrant plant displays, our projects will inspire you to create a balcony that reflects your unique style and personality. Don’t miss out on the opportunity to make your balcony the envy of all your neighbours, and get creative!

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Small Space, Big Impact: Small Home Office Ideas

Even as the world resolutely returned to a new definition of normalcy, there’s no doubt that the pandemic brought about a considerable shift in the way we work and function. While some people returned to the office, many had the flexibility and choice to work from home, either full-time or part-time. This means having a home office became crucial to our daily lives, and people started to dive into different ideas for an efficient working station. However, only some may have the option of an extra room to dedicate to a home office. This is where small home office ideas come into play. Limited space can be challenging, but that doesn’t mean you can’t create a productive and inspiring workspace for yourself. 

This blog will explore small home office ideas to help you maximise your limited space. From utilising vertical space to adding greenery, discover ideas that help you create a functional and stylish home office design, no matter the size of the available space.

The Need For A Home Office Design

The pandemic has made us all more aware of the importance of hygiene and cleanliness in the workplace. As a result, many people are incorporating home office design that prioritises cleanliness and sanitation, such as touchless light switches, air purifiers, and easy-to-clean surfaces.

With the choice to work remotely, a practical and comfortable small office setup has become essential for many. But what if you have limited space to work with? Don’t worry! Some smart decorating tips can help make a significant impact on your compact home office design. Here are some small home office ideas to help you get started. 

  1. Utilise Vertical Space

When space is at a premium, using every inch of available space is essential. Vertical space, such as walls and shelving units, can be a great place to store office supplies and equipment. Consider installing floating shelves above your desk or using a tall bookcase to store books and other items.

  1. Go for a Multipurpose Desk

When designing a home office, choosing the right desk ideas is crucial. A multipurpose desk is an excellent option for maximising your space and increasing functionality. Look for desks with built-in storage compartments like shelves or drawers to keep your office supplies organised and easily accessible. A versatile desk can also serve as a workspace, storage area, and display surface for your favourite decor. For added flexibility, consider convertible desk ideas, such as a fold-down surface or a detachable hutch. With a multipurpose desk, you can make the most of your home office while keeping it stylish and practical.

  1. Optimise Natural Light

Natural light can help create a more pleasant and productive work space. Position your desk near a window or use sheer curtains to allow natural light to flow into the room. If natural light is not an option, consider using a modern desk lamp or overhead lighting to brighten the space.

  1. Create a Focal Point

In a small office room design, it’s crucial to have a focal point that draws the eye and adds visual interest. Hang a piece of artwork or a gallery wall behind your desk to create a focal point that reflects your personality and style, adding to your home office decor ideas for work.

  1. Use Colour to Create an Inspiring Space

Colour combinations are major in small office design ideas. The hues can powerfully impact mood and productivity. Choose a colour scheme that inspires you, is soothing to your eyes, and helps you stay focused. Soft blues, greens, and off-whites are calming and can stimulate creativity.

  1. Add Greenery

Plants can create a more relaxed and inviting workspace. Adding a few houseplants or a hanging planter can add a touch of nature and help improve air quality in your small office setup.

  1. Keep it Clutter-Free

Keeping your home office clutter-free is essential for maintaining a productive and stress-free work environment. Focusing on the task can be challenging when your desk is piled high with papers, pens, and office supplies. A cluttered workspace can lead to a cluttered mind. 

Take the time to declutter your workspace regularly by clearing out any unnecessary items and organising your supplies. Utilise storage solutions like file cabinets, shelving units, and desk organisers to keep everything in its place. A clutter-free workspace improves your focus and productivity and creates a more professional and inviting atmosphere for those who may have to visit your home office.

Let’s Conclude 

A dedicated workspace can make all the difference to our overall well-being while working from home. Even if you have limited space, many office decor ideas for work can help you create a functional and inspiring work environment at home. Choosing the right furniture and incorporating personal touches can transform any small corner into an efficient and stylish workspace that keeps you motivated and productive, like our studio apartments at Canvas & Cove and 63° East – compact yet efficiently-planned modern living spaces. Crafted with thoughtful architecture, these apartments are perfect for you to have a personal office space without making any hassle and creating stuffed corners. 

A small office setup need not be an obstacle to a creative mind. You can create a productive and efficient workspace that works for you by utilising some of the small office design ideas listed above. With creativity and thoughtful planning, your small office setup can significantly impact your work-life balance and happiness. 

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BDA Property Tax Explained

Living in Bangalore is a dream for many because of its ambient weather and Instagram- worthy places. But do you know what is property tax in this mesmerising city? If you own a residential or commercial property or are looking to purchase one in Bangalore, then you must pay the annual BDA Property Tax to the Bangalore Development Authority, which is the municipal corporation of the state. In this blog, we will cover all the essential details that you should know about property tax in Bangalore.

What is BDA Property Tax?

The Bangalore Development Authority or BDA was formed to develop the city phase-wise with great infrastructure and cater to the underprivileged sections of the society with its housing schemes. 

Property tax is a critical source of revenue for the BDA, and the organisation has implemented various measures to streamline the property valuation, assessment, and collection process.

If you’re a first-time property owner and wondering what is property tax, it is a tax that property owners must pay to the government. The amount of property tax that a property owner must pay is based on the property’s value, including the plotted land. The BDA calculates the property tax by assessing the property’s value and multiplying it by the tax rate published by the respective jurisdiction.

Also read: Property registration charges in Bangalore

Who Is To Pay The BDA Tax Payment?

Owning a property, whether commercial or residential, under the jurisdiction of BDA makes you liable to pay BDA property tax. You should also note that if you rent out a property, then as the property owner, you are not allowed to collect the BDA tax payment from your tenant. Only the owner can pay the BDA property tax. 

The BDA does not collect taxes directly from individuals or businesses. Rather, the property tax in Bangalore is collected by the Bruhat Bengaluru Mahanagara Palike (BBMP), the municipal corporation of Bangalore responsible for the administration and governance of the city. The BBMP issues a demand notice to the property owners, which specifies the amount of tax due and the due date for payment. The property owner can make the payment either online or offline, depending on their preference.

All property owners in Bangalore, including individuals, companies, and organisations, are liable to pay property taxes to the BBMP. To pay property taxes, property owners can visit the BDA website and use the online payment portal or visit a designated payment centre.

How To Calculate BDA Property Tax?

The BDA property tax is calculated based on the Annual Value of the property. The Annual Value is the amount for which the property could have been rented out. The BDA determines the Annual Value based on the location, size, and age of the property. The BDA also takes into account any improvements or modifications made to the property.

To determine BDA property tax, the following calculation is used along with the gross unit valuation, total area of the property (including self-occupied and leased spaces), parking spaces, and annual depreciation.

BDA property tax = Gross Unit Area Value – (Gross Unit Area Value x Depreciation Rate / 100) x 20% = 24% Cess Tax 

The tax rate for BDA property tax is determined by the government. The tax rate is based on the location of the property, the type of property, and the purpose for which the property is used. For example, the tax rate for commercial properties is higher than the tax rate for residential properties.

The BDA has a system of self-assessment for property tax. Property owners can assess the value of their property and calculate the property tax using the self-assessment system. This system has made the process of property tax assessment more transparent and efficient.

How to pay BDA property tax online?

The BDA has implemented various measures to make the process of property tax assessment and collection more efficient. It has also introduced several options for online payment of property tax in Bangalore.  Property owners can pay BDA property tax online using the BDA website or through the online payment portals of various banks.

So let us run through the steps of how exactly you can make online payment of property tax in Bangalore. 

  1. Visit the BDA property tax payment portal at https://propertytax.bdabangalore.org/
  2. Enter your Property Number and Owner’s full name as mentioned in the property registration records.
  3. Enter your phone number and email address from which you had registered, and agree to the terms and conditions before clicking on the submit button.
  4. Enter the OTP that you received on your phone number.
  5. You will be taken to a payment gateway where you can pay BDA property tax online using a debit or a credit card.

Property Tax Rebate By BDA

Property owners who make the yearly BDA tax payment in full amount before 30th May are eligible for a 5% property tax rebate.

BDA Property Tax Penalty

If the property owner fails to make the BDA tax payment on time, then a penalty of 2% per month or 14% annually is applied to the net payable amount. The authority accepts payment in both online and offline modes.

Looking for a property in Bangalore is not an easy task but Assetz Property has been a popular choice among a majority of the current residents in this city. We have curated a list of best places to buy your home in Bangalore that will help you decide better.

We also have a number of projects for every budget and preference to suit your personal style. We look into unique designs with modern features to make you feel at ease because we understand that turning a house into a home takes a lifelong investment.