A look at property market in Delhi

Are you planning to buy a property in Delhi? Before the decision-making process let’s check out some important tips at the time of buying properties in Delhi.

Area of the Flat:  You should check the area of the flat very carefully. It is called covered area. In Delhi, promoters are paid only for the covered areas, not for the super built up areas of the flat. But other than the covered areas there are few more factors are also involved. Depending upon all these factors builder will fix the amount to be paid by the buyers.

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Preference regarding floor: At the time of buying flat you should be very careful regarding the floor offered by the builder and floor preferred by you. Most of the people though prefer first or second floor most of the time.

Preferable location: This is a very vital point while selecting the flat.  Flat facing road, flat facing mall charged always high price but flats in a bit interior area or the bit away from the malls and the marketplaces can cost less in amount.

Affordability: Another important point is affordability off the buyer. The price of the flats depends on many things like locality, amenities etc. So completely depending on affordability limit one can select the best one to buy.

There are many other factors one should check before buying like nearest school, nearest hospital, nearest market and also transportation factors.

Other than these factors some precaution should be also taken at the time of buying decision. These are:

Property title: Do check the entire document regarding property and property title. Go for an inspection process regarding the original titles of the deed. Do search the land records and the records of the sub-register. Search all the papers of the society where the society is enlisted.

Inspection of the sanctioned plan: All the sanctioned plan of the builder should be certified by the authority, especially for those building under constructions.  Not only that, a buyer should collect the completion certificate of the building.

Power of Attorney: The power of attorney should be strictly scrutinized by the buyer. Sometimes the owner gives the power of attorney to the other person for any kind of decision making. The relationship between the owner and the power of attorney holder should be checked properly to avoid any kind of future harassment. All these above-mentioned steps should be followed carefully to have a safe and secure property purchase.

 

Rental flats management service in Gurgaon

Rental property management is a thriving business in India. There are a number of property owners who rent out their properties while they live in some other city or country. They need someone to take care of their properties as well as manage the renting process. Rental property management services offer a wide range of services to these property owners. Some of the services they provide include finding tenants, showing the property to customers, completing paperwork, collecting rents, monitoring of property, housekeeping, managing repair, and maintenance, dealing with residential associations or societies, etc.

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Gurgaon is a popular residential city where a number of housing options are available for rent. Property owners who have houses or flats for rent in Gurgaon can get the services of a number of top-class rental property management companies operating in the city say the experts at property.sulekha.com.

Prop deal

A leading property management company that provides services like advertising the property, background verification and rent agreement, house key management, rent collection, bill payment, and regular property inspection. Maintenance services include fixing plumbing, electricity, painting, gardening, house cleaning, and woodwork related problems. They showcase the rental properties to prospective customers by uploading professionally shot photos in property portals or sent as luxury mailers.

Blue Leaf

Offering comprehensive rental management services, this company helps the owners in finding the right tenants and managing the complete rental cycle. From supervising repairs, maintenance, and cleaning works to representing the owner for all property relates matters like property inspection and tenant issues, the company acts as a single-point-of-contact property manager.

Prop Manage

The company assists in tenant placement and related rental services. They maintain vacant properties and undertake innovatively and cost saving renovation work. The rental management package includes background verification, finalization of rent agreement, on-call repair and maintenance services, resolving issues between owner and tenant, and inventory checks during move in and moves out.

Per Square Feet

A committed team of residential property management services offers professional assistance in rental property management. They help in finding the tenant, manage legal issues, arrange for safety certificates, take up routine repair and maintenance, and attend to emergency situations any time of the day. Even when the property remains vacant, they oversee refurbishments and general management issues.

Renting Mantra

The company provides high-class rental management services that include customary property inspections, round the clock maintenance and emergency repairs, screening of tenants, effective marketing of rental properties, and maintenance of tenant security deposits and documents.

Bollywood Celebrities Choosing Mumbai to Buy a Property

Mumbai is the financial capital of the country. It recently received a bit of a blow when it was toppled by its satellite township, Navi Mumbai to make it to the list of the top 100 smart cities in India. However, this has resulted in Mumbai stepping up its efforts to become the number one destination when it comes to luxury real estate in the country, with a large number of big ticket projects coming up all across the island city and its suburbs, especially in areas like Parel, Worli, Juhu, Wadala and Sewri. This demand for luxury real estate has been fuelled by the trend of Bollywood celebrities buying flats in Mumbai. There are several luxury apartments and flats are available in Mumbai.

A very short while ago, the scenario was completely different say experts at property.sulekha.com. The real estate market in India was a sellers paradise and no matter how disreputable the builder was (due to delays, bad construction material etc), there was always a queue of buyers eagerly waiting to lap up all the residential infrastructure and commercial complexes that were being developed. However, this trend has reversed and now it is a completely buyer’s market with the customers dictating what they want and the developers developing plots according to the needs and demands of the consumers. Earlier, the builders chose the size of the projects, the scale of the flats etc. However, now that is no longer the case with projects in Mumbai and its suburban locations.

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Developers are using customer data to decide the sizes, they are reducing prices, they are indulging in re-designing, and even delivering apartments on or even before scheduled time. They are also offering discounts of about 8- 10%, and along with that, developers have taken to giving a lot of free incentives like gold coins, lottery win cars, customized furniture and even lucky draw free foreign tours to attract several home buyers. They have also redesigned payment plans to suit the needs of consumers who are looking to buy a good place at an affordable rate. In several new cases, the usually exorbitant booking amounts have been reduced to as low as Rs 1.

This has resulted in the industry being perceived as much more customer friendly than ever before. Developers are giving an unprecedented level of attention to home buyers across the country. This trend is being observed widely in Mumbai as well.

Requirements to buy a flat in Mumbai

Many new house buyers in Mumbai lose their sleep while chasing the authorities to sign their applications and provide them with respective documents. If you are looking to buy a flat in Mumbai, here is a checklist of documents you must have in your hands at the time of purchase.

  1. Sale Deed

Also called Title Deed, Conveyance Deed or Mother Deed, the Sale Deed is the most important document that establishes the buyer’s ownership of property from the seller. In Mumbai, it is mandatory to register the Sale Deed within 90 days from the date of execution of the agreement; otherwise, it is rendered invalid or attracts penalty in the form of late fee.

  1. Allotment Letter

If you are investing in a property in an under-constructed project, you must ask for the allotment letter. It is detailed letter that carries vital information regarding the flat, the payment schedule and the additional costs/ overheads in addition to the base price of the property.

If you are seeking finance on your investment, the allotment letter is processed by the bank accordingly. If you don’t get what has been promised on the allotment letter, you can sue the builder in the court of law and seek adequate compensation.

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  1. Occupancy Certificate (OC)

When the project is complete, the builder has to necessarily produce the Occupancy/Khata certificate. The OC from the planning authority ensures that the building has been finished as per approved plans and safety standards. You can occupy the flat in Mumbai only if the OC is issued by the government as per law. Though OC is not required at the time of registration of the flat during purchase, you require it in the future, in case you intend to resale it.

As per the latest regulations, no owner can take possession of a flat in Mumbai with the OC.

Many reports say that there are more demands for apartments in suburbs of Mumbai than the availability. So, no doubt, apartments for rent are in great demand, with rent varying between 30,000 to 1 lakh depending on square feet area, amenities and location. Considering that rent is very high in Mumbai, investing in property is always a good idea to save, say property experts at property.sulekha.com.

Choose your affordable flat in Gurgaon

There are abundant numbers of options if you are looking for flats for sale in Gurgaon. As part of the Delhi NCR region, Gurgaon is at the forefront of driving real estate growth. From high end villas and penthouses to affordable home, stand alone independent houses and residential high rise apartments the real estate options in Gurgaon are endless. Gurgaon offers a dwelling for just about everyone with various budgets and lifestyles.

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The large numbers of projects in the region today are associated with affordable housing. The rising demand of real estate options in the area along with growing prices of real estate has meant that buyers are looking at affordable homes much more closely than ever before. The inflows of working professionals with nuclear families find such affordable homes spacious enough to accommodate their small families thus making such home an ideal choice for their needs.

Choosing affordable homes in Gurgaon comes with many challenges and one must be smart in picking the right project.

Check the background of the project and the builder: There are many builders that have focused their attention on affordable housing but being a specialized sub segment, opt for projects by builders who have the experience in making such affordable homes without compromising on quality.

See delivery timelines: Keep a track on the delivery timelines as any unwanted delays are likely to increase the project cost which can hamper your budget estimate. Check the details of the project and the delayed clause in the builder terms and conditions.  Delays increase project costs and what is affordable today may become quite expensive at the time of possession.

Compare deals: With so many affordable flat options, do your homework and compare deals before you finalize the one deal for your affordable flat in Gurgaon.

Real estate investment in today’s world is one of the smartest investments with a hope for higher returns in the future. But at the same time, searching for your dream home or a property worth investing can be quite a task. But at the same time, searching for your dream home or a property worth investing can be quite a task. There are multitudinous pointers that you need to keep in mind while looking for an apartment say property experts at Sulekha Properties.

 

 

 

Tips for all Single BHK Rental Property Hunters in Bangalore

1 bhk in bangalore for rent

Being single and hunting for a rental property in Bangalore could take you weeks if not months. There are many hurdles that can befall a single individual looking for an affordable housing option in the best societies in Bangalore and neighborhoods. Most housing societies prefer to accommodate only families and for the same reason, bachelors are finding it difficult to get proper rented properties at good societies. Single woman are also finding it difficult to find safe rented properties in cities. These are becoming a great concern for bachelors and youngsters who are in new cities for work reasons.

Use the undisputable tips to bag a good 1 BHK residential property in Bangalore for rent.

  • Look for unsold units

Builders push their unsold 1 BHK flats to single individuals in Bangalore looking for immediate possession. This is a great option if you enter into a Registered Agreement for rent with the builder directly. You can live as long as the unit remains unsold.

  • Opt for stand-along buildings

Instead of packing your dreams of living in a township, look for single stand-alone buildings in the inner pockets of Bangalore. A little field work on the weekend will be useful. They may not have gated security or a lift, but as single individual, you can at least have a respectable shelterat promisingly lower rates.

  • Get references from friends and family

It is obvious that references work heavily in favor of the tenants looking for a new 1 bhk flat for rent in Bangalore. For someone who knows the city well, use their information to a good effect. From negotiation on the rent and deposit, to agreeing on a particular date of possession, the friends in the cityare a useful resource.

  • Get verified by the police

If you have been living in the city for sometime now, it is imperative to suggest that you get verified as a resident of the city from the police. If you are working professional, avail the bona fide certificate from your employer. You will no longer be considered as a single individual.

These tips are from the property experts at property.sulekha.com, India’s largest online real estate marketplace. Searching online for properties for rent is a great option with several flexible options towards single tenants. You can do your search from anywhere in India, before moving out to a new city.

Pg accommodation are also available for bachelors.

 

Paying Guest accommodation in the IT hotspot of India

Bangalore is the largest IT city in India, not just in terms of revenue but also in terms of number of professionals working in the city. Known as the Silicon Valley of India, Bangalore in the past decade has witnessed a new breed of highly paid young working professionals who had relocated to the city for job purpose. The city also attracts a lot of students who come there to pursue higher education in the city’s reputed education institutes. Most professionals and students coming to Bangalore are looking for temporary residential options from rental and paying Guest segments.

apartments for rent in bangalore

Nagawara is one of the prime locations in Bangalore that attract a lot of young professionals for paying guest options in accommodation. Here are 5 advantages that IT freshers hunting Paying guest in Nagawara and its neighbourhood areas can enjoy, according to real estate portals.

  1. Locality and facilities

As a professional, you may not be contended with your stay in rent sharing apartment in Bangalore. Choose PG accommodations in Bangalore in best localities that are available with modern amenities, close to best infrastructure facilities in the city.

  1. Fully furnished space with housekeeping services

PG in Nagawara and other best localities in Bangalore offer extensive services included in the rent. Fully furnished homes with appliances and furniture managed by regular housekeeping service make living for IT professionals all the more comfortable.

  1. Food availability

Food is the biggest challenge for working professionals. IT professionals in PG house have better time with timely food and refreshments. The cooks and maids find it easier to cater to PG tenants owing to landlord’s presence in the house.

  1. Home security

PG sharing is more secure than living in a dorm or in shared rental accommodations in flats. The fact that you can share the space with your landlord and other tenants makes the area all the more secure.

Moreover, your house is never empty, even on weekends. IT freshers hunting for PG accommodation find this aspect most alluring in their first few months of stay in Bangalore.

  1. Zero conflicts

In PG accommodations, tenants have lesser events of altercations and conflicts. The landlord is available to resolve any issue for a harmonious stay.

Hence, fresher IT professionals prefer to stay as paying guest accommodation in Nagawara, HBR Layout and RT Nagar.