Factors to Understand your need
Indians have an inclination and love for Real Estate Investments. Real estate can be a very common topic in most family and social gatherings, many times also linked with the esteem and pride of owning a particular Real Estate unit. Hence real estate not only has end-users but also draws attention from many investors also.
Plots/Lands (Types i.e. A, NA, I, R, C etc.) OR Commercial (Showrooms, Office Spaces, Shop,
Go-downs, Warehouses, Retail Units etc.) OR Residential (Villas, Penthouses, Duplexes, Flats,
Apartments) OR Industrial.
Real estate can be termed as anything to do with land and everything associated with it.
Real estate investment for a living space can vary from person to person and are governed by choice and individual liking. Living spaces are generally a part of residential real estate. They can be broadly classified into – Apartments, Villas/ Bungalows etc. This write-up can give you a clear idea about the various residential real estate options for you to make for better buying decisions. Let’s start with the foremost affordable house styles and move up to the foremost luxurious ones.
Second Homes / Vacations Homes:
– Vacation Homes are in addition to primary residential property.
– Vacation homes are purchased by individuals with higher liquid cash and can afford
more than one property.
– People use vacation homes as family getaways and holiday trips.
– Vacation homes can draw good income if the location is apt and draws adequate
travelers.
Financing for such a property tends to be costlier.
Urban Design on Plot / Land
Agricultural OR Non Agricultural OR Residential OR Commercial OR Industrial
All About Buying Plots / Lands in India –
Plots are preferred by individuals who prefer to make their own house and design it in their own way. High net worth individuals or companies purchase land or plot for various purposes like construction, setting up industries, setting up IT companies etc. Plot and Land purchases get bank financing but they are very strict while doing so.
Buying a home is a vital decision which involves considering many factors one amongst these factors being the brand you decide on to buy your house from. Although real estate is growing by leaps and bounds, you need to know there are many unprofessional builders/developers within the game. It is smart to settle on the right and ethical developer or builder. Every developer, no matter the company’s brand equity, carry distinct advantages and disadvantages.
One very common question that arises in clients’ mind is whether to opt for real estate agent or do the
real estate transaction individually. For that let us first understand who a real estate agent is?
RERA which stands for The Real Estate (Regulation and Development) Act, 2016 was enforced in India from 1 May, 2017. The major focus of the Act was to check the growing cases of builder’s delayed possessions and defaults and safeguard the interest of the buyers.
RERA aims at preventing the interest of homebuyers and instill transparency in the real estate sphere. All States, barring a few, have replicated the regulations under Central RERA with slight discrepancies at some places. For a homebuyer, it is important that they know the key provisions of the Act prior to investing in real estate.
