Real Estate News
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Pick Out the Best Property from the Perfect Locality and Project
Finding the right property takes a lot of time and effort. When it comes to making a considerable investment, there is no room for any error. A small mistake can cost the home buyer dearly. And hence, one must be aware of everything regarding the property and property purchase before getting into the real estate. We discuss everything that you should look at the property and around it to make sure that your investment does not go wrong. 1. Location: A perfect place is different for everyone. It does not necessarily mean that one has to buy the property in the area of the city, which is posh and has a high price. If the location s...
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NRIs Focus on the Affordable and Mid-Segment for Investment
Indian real estate is the gold mine for investors, not only for the citizens of the country but also NRIs. Higher returns and tax policies are the reason why people choose to invest in the Indian real estate. The return in real estate is higher than other investment areas like mutual funds, fixed deposits etc. Even though the time duration for the return is longer than others, the wait is worth it. For a long time, the luxury and high- end segment of the real estate was significant investment area for the NRIs. But since the government has been pushing the affordable housing segment, it has caught attention from the NRIs as well. The In...
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The Concept Behind The Lease of 99 Years
In real estate, ‘freehold property’ and ‘leasehold property’ are some of the common jargons that one comes across regularly. In the case of freehold properties, the development authorities sell off the land to the developer via auction. The property built on such land belongs to the owner for the indefinite amount of time. The same is not true in the case of leasehold properties. The developers acquired the property through a lease for 30 to 99 years, from the time the construction begins. We discuss the concept of the lease being issued for 99 years The landowner lets out the land for lease for 99 years which begins from the date...
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Remember these Before Investing in Co-Living Spaces for Rental Income
The cost of a property is increasing every day. Not only buying but also renting. In such a case, a student or a professional who have just started earning money, it is not possible for them to buy a house or afford a separate apartment for themselves. Along with the expense of food, commute and general maintenance, it is not feasible for the individual to afford a property. For this reason, co-living spaces are taking over the market. Renting a place with another co-worker of individual saves not only money but also gives a better option for reasonable living accommodation. Before we proceed further let us begin by explaining what is co- ...
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Here is How You Can Find a Property Investment Hotspot
When it comes to investing in real estate, a lot of careful planning and considerations need to be taken into account. Not every real estate area gives a good return in future and to make sure your investment does not end up bad; one must be mindful of the facts. However, there are specific ways with which one can make sure their investment is in the right place. We discuss everything you should know about finding the right place for real estate investment. 1. Population: One way to spot the emerging hotspot is to look at the population. Newly developed localities are still under progress, and the migration of people is not as fl...
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Financial Benefits to Look Forward to When Investing in Real Estate
For most of us, the dream is to own a house and live there. As soon as we have accumulated a certain amount of savings, our first thought is to proceed towards fulfilling the dream of owning a house. Not only as a great investment option buying a property also meets emotional needs while giving us a sense of security. Just having enough savings to buy the house is not enough to make the wise purchase investment. There are a lot of things that a buyer needs to keep in mind before getting into the world of real estate. With the rise in demand for housing, the real estate is growing and is expected to grow even in far future. The main aim of ...
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Features that do not add Value to your Property
Owning a dream house does not end when you buy a house — doing the interiors of the home that suits your needs and requirements while adding specific features that add to the beauty of the property. But there is a particular misconception among the home buyers when it comes to adding value to the property. Most people believe that expensive addition to the property will add value to the property. This is certainly not true. According to the experts if the feature you are adding to your property does not fetch you thrice the amount you invested in it, then it is not a right or wise addition. We list down the additions that are thought ...
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Can we use Residential Property for Commercial Purpose
Using your residential property for commercial use sounds like a great idea. For many professionals, having an office space at home is an excellent way to boost their business. But certain limitations and laws are applicable when you convert a residential property to commercial or when you use your residential property for commercial purpose. We discuss everything that one needs to keep in mind before using the residential property for commercial use. Every society and state has different laws about the commercial use of the residential property. If your society management and zoning rules allow you, then you can use your residential prope...
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Know These Before Buying an Old Apartment
Looking for the right property that suits your need and requirement is a tricky thing. There are times when the buyer will have to end up buying an old apartment. Even though it may be a decade old apartment, it can pose many challenges for the buyer. The property can be in good shape and well maintained, but that shouldn’t be the reason that a home buyer does not perform a proper background check on the property nor does legal and technical checks. We discuss everything that a buyer must do before buying an old apartment: Check all the documents properly including the title of the property. Ask the owner to produce the original text...
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Two Years of RERA: A Glance
Real Estate (Regulation and Development) Act, 2015, came into full force two years back on 1st May 2017. RERA has been introduced to put an end to the cruel practices of the developers that exploit the interest of the home buyers. Though there is still a long way to go for RERA, a lot has been done in the last two years. We look at the developments made by RERA in the past: For States Andhra Pradesh: As of May 2019, APRERA has 328 registered projects and 48 registered agents. The states’ RERA has also rejected 20 projects as they failed to meet the guidelines of the law. The online portal for APRERA is fully functional, and i...
