Showing posts with label Property. Show all posts
Showing posts with label Property. Show all posts

Saturday, June 27, 2020

Real Estate Investment Tips You Can Use

If you are looking for more information about real estate investing, then you have come to the right article. Many people choose to invest in properties to ensure a solid income for the coming years. What it takes to be a supporter is only to make wise business decisions that produce great results. Keep reading for some practical tips!

Talk with a real estate expert to help with your planning and see if there are holes in your strategy. This will help you get a good idea of ​​where you stand and what you need to do to accomplish your goals. They can tweak the plan and give you an alternative plan instead.

If you ever feel a setback with your plan and strategy, never give up. The real estate market is full of many great and bad times, so if you make a null in your search, be sure to stay strong. Persistence is the key to success when working with real estate.

Do not automatically assume that the value of an asset is going to increase. Such belief is dangerous even if markets or parcels are not involved. Invest in assets you know you can trust.

The prospective tenant should be able to afford both rent as well as deposit for the first month. If they cannot, then they are not a reliable bet for you. Find another tenant.

Do not think that you always have to pay the list price for a piece of property. Too much time will make an owner exceed the price, as they expect people to interact and negotiate with them. They should not be afraid to make a low offer because they can just give you that money.

Do not dig around the property that you have not closed. It may also be illegal to dig in some areas, so do your homework first.

Find a market for foreclosures, as these can provide you with the most income during your investment. These properties will be listed below the market value of the house, as you can get some great deals to make a profit. There will be a bidding war, but if you win you may be sitting on a gold mine.

Try to improve your book. This will help you keep things as organized as possible. There are many more pressing things to think about. It is necessary to practice good bookkeeping if you build these habits so you can avoid big mistakes

Understand that real estate investment is a commitment. You may have heard a lot about quickly flipping properties for profit, but the reality is that you can make good profits by buying carefully and managing the property until property values ​​increase.

Constructing the best type of building for you to invest in. Buying property is just one aspect of real estate investment. You need to consider what you should do to maintain the property so that you can sell it for profit. You will need more or less to maintain different sized homes. Take only what you can handle.

It is important to know what you are doing yourself when you decide to invest in real estate. It does not matter whether you are a novice investor or a pro, yet you need the right advice to watch. Use what you have learned from this great article to ensure your success for years to come!

Wednesday, June 24, 2020

You Should Know Before Buying Vastu Compliant House


The ancient science of Indian architecture, Vastu Shastra places great emphasis in choosing the right direction of the house, the size of the plot, air and ventilation to help the residents live a happy, healthy and prosperous life. Although most Indians still look for Vastu-compliant homes, the truth is that not all apartments follow the principles of Vastu Shastra. Rather, real estate developers in India only focus on optimal use of space. But many builders promise to provide architectural-friendly flats. Well, your decision to buy a house should not be influenced by attractive advertisements by real estate developers. Rather, you should flat check whether everything is designed perfectly. In this blog, we've shared some excellent tips to help you test whether a flat is Vastu-compliant.

1) Check the entrance or Main door.


By the way, most people think that the north-eastern entrance is the best, but there are actually 32 entrances in Vastu Shastra. And each direction has its own importance. East, west and north-facing entrances are always good. But south facing doors can either be extremely beneficial for housework.

· The main gate should not be in the southwest, northwest and southeast.
· While most Vastu experts suggest that northeast entrance is most beneficial.
· Others say that it can be extremely dangerous in some cases.
· The main gate should not be placed directly in front of the lift or stairway.

2) Kitchen Location.


· The kitchen should be in the right direction to balance the fire element of the house. Fire signifies wealth and cash flow.
· Having a kitchen in the north-east and south-west areas should be avoided.
· Vastu Shastra suggests that the kitchen should be kept in the south-east direction. However, this may not always be possible in modern homes. In such a case, make sure that the gas burner is in the south, west or northwest corner of the flat. And, while cooking, you should face east or north.
· The kitchen should not have black or blue tiles, floors or slabs. And, avoid granite under the gas burner. A marble slab is highly recommended.
· The cabinet should be placed on the southern wall.

3) The rooms.


· The master bedroom should be in the southwestern direction of the flat. And, the children's room should be in the east or north direction.
· The living room should be either in the east area or central area of ​​the house.
· There should be no bedroom between the east and south-east area of ​​the house as it may affect the health of family members.
· Bedrooms on the southern and western side are to be used by sons and are perfect for daughters who are on the northwest side.

4) Toilet or Bathroom.


· Modern homes have one or more toilets, which are connected to a bedroom or living room. Ideally, the washroom should be in the northwest direction. And, toilets in the north, north-east, south-east, and south-west directions are considered inauspicious.
· The bathroom or toilet door should not be faced in the kitchen.

General points you should know when purchasing property:-


· The land on which your apartment is built must be either rectangular or square in shape. Irregular shaped plots are considered inauspicious.
· There should be no pond near the south and west direction from the house. You should check if there is any swimming pool in these directions of your flat.
· Avoid balconies or courtyards in the western or southern direction.
· Apartments in red, black or sky colors should be avoided as these colors attract negative energy.
· The puja room should be either in the northern or eastern direction.
· According to the guidelines of Vastu Shastra, the ladder should not be in the north-east corner as it troubles the residents.
· The total number of doors and windows should be 2,4, 6 etc.
· All the doors of the flat should open inwards.

Thursday, June 18, 2020

Surprising truth about villas you may not have known before...!

Villas were originally houses that belonged to the upper echelons of Rome. In ancient times, they belonged to the kings and nobles of Rome. These houses were designed to provide all the creature comforts to the inhabitants. After the fall of the Roman Republic, the royal villa was reused as a monastery. During the middle Ages, villas were large country houses, consisting of vast farms all around. Over time, villas became the first choice worldwide and their designs evolved greatly. In modern practice, villas can be referred to different types of homes, but the basic concept is still the same, namely, well-designed independent houses with open spaces at all locations. Unlike their traditional counterparts, modern villas do away with intricate designs, high ceilings and broad columns, but luxury is still the major focus.

Whereas a few years ago, most house buyers preferred to buy flats due to low capital investment and high security, today people's choice has changed. Now, they prefer to buy villas as they are a good option for exclusive, spacious and long term investment. But many people still feel doubtful about buying a villa because they take into account many misconceptions. In this blog, we have discussed some great truths about villas.

1. Reasonable

While we often think that a villa is a highly expensive option, it is not. You can buy an affordable villa in a suburban location and it will cost you approximately the same amount that would be required to buy a 3BHK apartment in the city center. The best thing is that the former option is much better because it will become the property of your family. But ownership of an apartment only lasts for 60 to 100 years.

2. More amenities than apartments

Many of us think that staying in a villa is not a good option because unlike apartments, one does not get all the community services like clubhouse, swimming pool, yoga center and gym. But if you like all these benefits, you can buy a villa in an integrated township project or gated community. The best thing is that it will cost less than an independent standalone villa.

3. You can enjoy living a community

While many feel that apartments provide an opportunity to socialize more, the fact is that as many people are living in the same building, people feel claustrophobic and tend to live more isolated. Conversely, by staying in a villa, you get to socialize with limited families, but they are of a similar class. Therefore, there is more scope for a healthy relationship.

4. Enjoy the lifestyle of your dreams

When you buy a villa, you get space for everything from terraced gardens to your king-size bedroom, gym. It comes with the freedom to design and redesign your space as you wish. In addition, you can upgrade it according to the needs of the developed family. Also, you don't need to get society's permission for petty things like petting an animal and parking your friend's car.

5. Complete Privacy

Staying in the villa comes with complete privacy. You don't have to worry about the neighbor listening to all your family conversations from next door. Also, when you are in a destructive mood, you do not need to confront a troubled person. And, in addition to all this, you can give wings to your hobbies such as playing music and dancing without fear of disturbing your neighbors.

Luxury villas are a great way to ensure that you have the space to live the life of your choice. A luxury holiday villa is a great way to enjoy private life while escaping the bustle of the city. At the same time, it provides an opportunity to socialize with your limited neighbors. When you live in a villa, it appears that there is endless variety of things.

Wednesday, June 10, 2020

Plan to fight corona virus? Pay attention for house you live in


The rapid introduction of corona viruses has endangered the entire human community throughout the world. Although corona virus was first developed during 1937, a recent version of corona virus that originated from Wuhan, China is responsible for an acute respiratory syndrome that is highly fatal. Among humans, corona virus infection occurs mostly during the winter and early springs as the virus finds a precise environment to live and thrive.

The World Health Organization and many research institutes around the world are looking for an action plan to control the spread of the deadly virus. Currently, preventive measures basically focus on avoiding human-to-human transmission. In addition, there is a need to focus on the environment - water, soil, air and man-made surfaces.

Dark and dirty environments serve as a repository of pathogens. If people live in a contaminated environment, they can become infected with the virus. Therefore, to deal with virus outbreaks, it is important to live in a green building. Some of the reasons supporting this idea are:

1) Airlessness and vapor barrier in building walls


Viruses mostly live as living cells in an organism's body. But when they are not inside a host, it is present in the environment as small particles. There is scientific evidence that most pathogens live in dark, cold, dirty environments. Generally, viruses prefer low temperatures, about 4 , and low humidity. Therefore, to prevent them, it is better to stay in the green building. Aeration and vapor barrier in building walls retain moisture and moisture from outside.

2) Low solar heat gain coefficient


Green buildings include a low solar heat gain coefficient that is the amount of solar radiation that enters through the glass and is released as heat inside a building. A low solar heat coefficient ensures that the environment has a moderate temperature that eliminates the growth of pathogens.

3) Open, natural environment


Most infectious diseases, including severe infectious respiratory syndrome that are caused by corona virus, are due to human-to-human contamination. Thus, it is better to live in less crowded areas. Green buildings are usually constructed in open, large spaces, probably in a suburban location, which is very good for the prevention of the disease.

4) Antimicrobial floors and walls


Green buildings have anti-microbial floors and walls that can inhibit microorganisms. There are no seams, welds, or grout lines on these surfaces where fungi and bacteria can potentially irritate and grow. Thus, green buildings promote clean and hygienic conditions.

There are many real estate developers in India who are developing green buildings. By staying in these houses, you can avoid infectious diseases to some extent. These include airtight walls and floors that can improve air quality by eliminating the entry and growth of microbes. And, there are many other benefits of living in green buildings including energy conservation and rainwater harvesting. Also, the building materials in these buildings never harm our environment or harm people in it.

Wednesday, May 27, 2020

The importance of 7/12 legal extract

The purchase of property is one of the most valuable decisions in the life of all; it contains lots of legal terms, fees and necessary documents. It is our duty to be clear about all the necessary documents involved in the property buying process. There is a 7/12 extract required for property purchase in Maharashtra. This is one of the most important papers, when the buyer is willing to invest in semi-rural areas of the state to buy a plot. We all know that Maharashtra has prohibited the use of this document in the urban areas of the state including the suburban areas of Mumbai, these document only matters in areas where land plots do not have city survey numbers. This document is traditionally called "Saath Baara Utara".

This document provides complete information about each particular land and is defined as an extract from the land register of any district in Maharashtra. This document is issued by the Tehsildar or the concerned land authority of the area concerned. This document contains some important details which are as follows:

Name of the owner and its cultivator


·     Survey number of land.
·     Size of the land.
·     Type of land irrigational.
·     Crops planted on the land.
·     Location of the land with respect to the infrastructure facilities like roads and water bodies.
·     Availability of the loan by the owner or cultivator.
·     Reason for the loan like the purchase of seeds, pesticides, and fertilizers.
·     Loan extended to the landowner by government agencies.

This document originated from the "Bombay Land Reclamation Act 1948". All the records of the land are maintained by the revenue department of the government.

Why is this document required?


This extract will serve as proof of land title. It can be used to check if there are any previous disputes related to the property. All of this is one of the most important documents for sale in the Registrar's Office and for the loan requirement. And also to define the exact location of the land along with all the activities done on the land in the past. For agricultural land, this document will have a description of all the crops that were grown on the land, mutation entries and outstanding debts. It also helps owners identify whether the land is arable or non-agricultural.

7/12 extracts are named after two forms that are used to collect information for extracts:


·     Village Form VII where it records complete details of owner and owner rights.
·     Village Form VII which records the agricultural aspects of the land.
Information on both these forms is set out and set out in the "Maharashtra Land Revenue Records of Rights and Register Rules, 1971". To obtain information, extracts of registers related to that land are given.

How to get 7/12 extracts online?


This document can be availed from the Tehsildar office and you can get the documents online either by following the steps given below:

1.  Visit Maharashtra government’s website.
2.  Select the division, district, taluk, and village name from the list given on the website.
3.  You can search any of the following details:
  • Survey number/ group number of the property.
  • First name of the owner.
  • Ancestral owner of the property.
  • Last name of the owner.
  • Full name of the owner
The latest update about this document is that from May 1, 2020, zamindars will be able to print 7/12 land record receipts online, and to ensure that the document is provided with a digital signature on it.

Can you transfer a title to a 7/12 extract?


Industry experts state that this extract is not proof of any established title and therefore one cannot transfer title based on 7/12 as it does not serve as proof of ownership.

The comment of Section 43 Bombay Tenancy and Agricultural Land Act 1948.


In this extract the land will be purchased by the tenant under the related provision of the law, but now the tenant needs to obtain permission from the District Collector to transfer or sell the land. If this happens without the permission of the collector, the sale will be considered illegal.

The remark of section 36 Maharashtra Land Revenue Code 1966.


This section deals with tribal land transfer. This section states that if any land is occupied by tribal people, it cannot be transferred to non-tribal people without obtaining permission from the District Collector. This transfer has no legal stance and cannot be accepted.

Regarding fragmentation of land:


If certain portions have been sold by the title holder, the entry will be made in the right column, as it is transferred due to fragmentation of the land, this means that the land has been sold to the government and the rest of the land sold. Cannot be obtained without obtaining permission from government officials.

Entry of protected land:


Section 4-A of the Bombay Tenancy and Agricultural Land Act 1948, in this law, if a person lawfully cultivates any land belonging to any other person, it shall be deemed that the tenant, subject to the condition of any such land, shall be deemed to be the owner. In this case, the land cannot be transferred without the permission of the government if it is not a family member or servant of the landowner. These entries need to be carefully examined while purchasing any land.