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.
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.
Land Rights (Who owns the Land?) Freehold Property OR Lease Hold Property? Lands ownership can be important while considering your property purchase. Land ownership are usually of two types freehold and leasehold properties. Ownership and control determine whether the land is freehold or leasehold. Ownership essentially is the situation where the owner has the [...]
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.
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RERA grievances and Redressal Addressing Grievances and Complaints- All state RERA are instructed to form their own Appellate Tribunal which resolves the stakes and claims of the different conflicting parties in the real estate transaction. RERA Act states that all the Appellate Tribunals under state regulators address and resolve all the grievances and complaints within [...]