12/09/2017

Easy steps to Buy Residential and Commercial Property in Jaipur

Buying a property is a lifelong decision for a buyer. On one hand, we have numerous projects that are launched in the Jaipur and on the other, there is a fear of the projects being delayed due to some issues or reasons or the project is canceled. Thus, it is important for the buyer to do his homework and prepare the necessary documents that are critical for Buying a Property in Jaipur.

1. Land titles/approvals from the authorities/construction permits
2. Certificate for clearance
3. Membership and clearance of society
4. Details of property tax payments and other bills
5. Agreement of Sale
6. Registration and Stamp Duty
7. Possession of the apartment

Let’s discuss about these documents in detail.

Land titles/approvals from the authorities/construction permits
 
The most important thing for this is to check for the ownership of the land in favour of the developers with an approved license number. Along with the transmission of the property in the favour of the society. If it is a joint construction of the landlord and the developer then there will be need a lawyer which is executed by the landlord in the favour of the builder. You would also need permission to use the land for non-agricultural purposes. You should also have the original plan that is approved by the municipal authorities; these include number of floors, total areas, etc.

Certificate for title clearance
 
One should get the title clearance certificate from the lawyer that would certify that the property is intended for purchase is tangential and it has a clear marketable title as well.
 
Membership and clearance of Society

As per this, there should be no objection from the society for the sale and transfer of apartment. Make sure payments of all the necessary transfers charges are made to the society. Also, get the share certificate from the society transferred in the name of the buyers.
 
Details of property tax payments and other bill
Make sure that the seller paid the due property tax as well as other bills of the municipal authority or the local development up to date of the registration of the property that is sold. You can also get the certified copies starting that the payment of various taxes and charges from the sub-registrars’ workplace in your city.

Agreement to Sale

While signing the deed or the sale agreement and while taking the possession make sure that there is clearly mentioned the apartment number/ floor number in the agreement, the build-up area/carpet area and the buying consideration of the property is also clearly mentioned, the floor plan of the particular property is invaded along with the agreement, all the facilities and the sale amount should be clearly mentioned, the document should be stamped and signed and it should have the payment schedule and the seller should also provide the original receipts that are stamped and conveyance deed if the property is for re-sale.

Registration and Stamp Duty

The stamp duty is allocated on the agreement value of the market value or the property no matter whichever is higher. Also, the document is to be registered under the provision of the Indian Registration Act within four months. This is to be registered with the sub- registrar from the date of implementation. The stamp duty and the applicable registration charges should be checked all across India.

Possession of the apartment

One must make sure that you receive peaceful and vacant possession of the apartment that is mentioned on the agreement. Also, do check if there is any contract for refund of the expanses due by the seller or the builder if the seller fails to give the possession of the property by the specified date or mutually decided extended date. One should properly inspect the apartment with the facilities that are stated in the documents or the agreements and make sure that there is continuous supply of water and electricity in the premises.

For more information about real estate in Jaipur, Rajasthan

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08/09/2017

Commercial Property Management Solutions For Business

India has reached the pedestal of being the second largest country that is witnessing investments by real estate investors from all across the world. One simple reason behind this is that Indians are nestled all across the world and then there is that desire of theirs to connect with the motherland, and the old childhood reminisces that prompt the emotive soul to come back home. More often than not the pragmatic mind finds solace by investing in the tangible property in the country where one has his or her roots lying deep in the soil.
In addition to the emotive reason, there are several other reasons that motivate NRIs to make investment in India.
 
Commercial property owners often try to manage properties on their own to earn maximum profit and end up spending or losing money in the process. Sometimes by agreeing to the wrong deal and at times by wasting too much time finding the right tenants. Hiring a commercial property management company will not only address these issues but will help you save money in a number of ways.

29/08/2017

Do you know top rental destinations in Jaipur

Jaipur, the city known for its cultural heritage, is now emerging as one of the top real estate investment destinations knowing to its all-round growth. The city has a flourishing tourism sector; growing auto, textile and electronic manufacturing hubs; and emerging IT and education sectors. These fast growing sectors have called for employment generation, accelerated industrialism and commercial development in the city.

Strategically located at the confluence of three national highways — NH-8, NH-12, and NH-11 — the city is also witnessing a plethora of social-infrastructural projects including Jaipur Metro, Rapid Transit Rail project, Ring Road, Mahindra’s 3,000-acre Special Economic Zone and Reliance Mega City development plan. These developments have worked as a catalyst in making the city a lucrative destination for real estate developers as well as investors.

Villas vs Apartments: What’s your type?

A home is one of the most expensive things that you will buy in your lifetime. With so much at stake, it's necessary that you choose carefully and make a wise decision. While there are many variables to well upon when buying a home, one of the first things you need to decide on is whether to choose a villa or an apartment. You may have some preferences for either villas or apartments, but if you are reading this, you are probably still undecided about which one to choose. The villa vs. apartment debate is an endless one and it's tough to decide which one since both options have their own distinct advantages and disadvantages. Here are some key factors you need to consider before finalizing your decision for a villa or an apartment.

21/08/2017

Affordable housing: A Key Focus area of the Government

To promote affordable housing in India, the government is taking corrective initiatives lately. The property prices have escalated substantially over the last few years due to which home buying had become an affordable proposition. To meet this demand gap and to provide ‘Housing for All by 2022′, the government is focusing in this key area at present.

On December 31, 2016, the Prime Minister announced to provide rebates on home loans under the Pradhan Mantri Awas Yojana (PMAY). This move has come at a time when the real estate in India is reeling under the pressure of a slowdown. Having said that, the government has even made sure that it would monitor builders in order to fast track project completion and ramp up Indian real estate growth. Under PMAY, the government is providing 4 per cent subsidy on the interest rate for home loans of up to Rs 9 lakh, and a 3 percent subsidy on home loans of up to Rs 12 lakh. Through this step, it has indicated that the key motive of Modi government is to promote affordable housing in India.

11/08/2017

Factors that impact our home loan eligibility

Home loan is the easiest way to buy a home. Prior to clearing your loan, banks and NBFC are considered as a complete set of home loan eligibility criteria. Let us look at the factors affecting your home loan eligibility.

Age

The younger you are the more secure banks and NBFC feels to grant you a loan. Usually they need you to have at least 10-15 years on your side, before your retirement approaches. Age will also play an important role while deciding the tenure of a loan and it will directly co-relate to your eligibility amount. For example, if your monthly income is 40,000; your loan eligibility for a 20 year tenure based on 10.50% ROI could be 18,00,000. Now if you have just 15 years left for retirement, this tenure will come down to 12-15 years, and based on the same ROI and income your eligibility will now be 14,60,000 for a period of 12 years.

10/08/2017

Everything you need to know about home insurance

What is Home insurance?......

Home insurance is an umbrella term which covers both buildings insurance and contents insurance. Buildings insurance covers the actual bricks and mortar of your property, plus any fixtures and fittings, while contents insurance covers all the belongings in your home.

What does buildings insurance cover?

Buildings insurance usually covers you against damage to your property from the following:
1. Fire
2. Floods
3. Storms
4. Falling trees or branches
5. Vandalism or malicious damage
6. Impact from vehicles
7. Subsidence

What does contents insurance cover?

Contents insurance generally covers your belongings against:
1. Theft
2. Fire damage
3. Flood damage
4. Earthquake damage
5. Vandalism

03/08/2017

How to made a dumb house to a smarter house and some thoughts of expertise.....


Don’t Think of a Home as Your Main Investment

People tend to believe that homes are appreciating assets, but this isn’t always true. Yale economist and Nobel prize winner Robert Shiller debates this topic openly, having crunched the numbers. He says that, overall, the housing market doesn’t have a great long-term return.

While that single real estate asset might help protect you against inflation, a well-balanced stock and bond portfolio seems to be a better investment. But a lot of people’s portfolios are mostly made up of their home value. You wouldn’t put 80 percent of your portfolio in a bond simply to protect against inflation (unless maybe you were nearing retirement) so why would your home make up that same amount? That’s the argument against buying a home as an investment.

31/07/2017

RERA And Its Impact On Real Estate

What Is RERA (Real Estate Regulatory Authority)

The Real Estate (Regulation and Development) Act, 2016 is an act of the Indian Parliament that promotes capital investment in real estate as well as protecting domestic buyers. This act was passed in the Rajya Sabha on March 10, 2016, and in the Lok Sabha on March 15, 2016. Applying 69 streams out of its 92, this Act was implemented from 1 May 2016.

The Real Estate Regulation (and Development) Act or RERA have started getting notified by states from May 1, 2017. As a buyer friendly measure that the Government of India has launched, RERA has been on the news for the impact that it is expected to have on the real estate sector.

21/07/2017

Why invest in Real Estate Jaipur ? Play a safe bet........



Jaipur is one of the best place in India, where real estate industry is ruling presently. Jaipur is known as a pink city and one of the popular or the largest city of Rajasthan. The place is also remarked as great attraction of Rajasthan tourists. In every year, many tourists use to come here to travel the place and also to enhance their knowledge about historical background of Rajasthan. Jaipur is on the way of becoming a Mega City by 2025 with a population of 10 million persons encompassing over an area of about 800 sq. km.

Advantages for investment