Showing posts with label property rates in India. Show all posts
Showing posts with label property rates in India. Show all posts

Monday, February 10, 2020

Adverse Possession in Real Estate Market of India


Adverse possession is also described as a "right to squatter", a constitutional law under which a person who does not have a valid title to a small property, regularly owns land (real estate property) legal ownership or obtains legal residency power on the basis of ownership of land with the support of its legitimate owner.

Generally, a property owner has the right to recover property of his property through a legal action such as a legal action such as eviction. However, in English common law, courts have governed when a person occupies a portion of property without authorization and the owner of the property exerts its power to recover its property for a notable period of time. If not executed, not only is the new owner prohibited practicing their power to prohibit, but in the opposing property "Springs Up" is a specific latest title for the property.

Property ownership is absolutely prestigious for all of us, but this iconic status is much more complex. While it is often believed that the law is tilted in favor of the haves, many laws prevailing in our country prove otherwise. One such law is the Limitation Act.

Law


While not accepting possession in a traditional course, the occupier can claim title to the property in case of adverse possession. It is presumed that the property was permissible and legally commenced unless proved otherwise.

The essential demand of possession under adverse possession is that possession should not be obtained through force or unauthorized means.

Limit act


The Limitation Act, 1963 is an important part of the law, which elaborates on adverse possession.

The Act prescribes an amount twelve years for personal assets and thirty years for government owned ones which you must claim on your property.

Any delays may result in future disputes


The principle that the Limitation Act relies on is that the ex limits the measure, but not the rights. This means that in case of adverse possession, the original owner may have title to the property, however, he loses the right to say so during a court of law.

Period of time

To practice this law, the time period is determined by the time the applicant is in possession of the property of the owner.

Possession must be continuous, unbroken and unobstructed for the entire duration. The claimant must have personal possession of the property. However, the reservation phase does not cover the whole in which litigation between the owner and the claimant is ongoing. However, this rule also has several exemptions. If the owner of the property is a minor, or unhealthy mind, or serving within the military, the property resident cannot claim adverse possession.

Below are some basic specifications to be set up to show off adverse possession:



Hostile Possession: The object of the owner of the property will be to gain possession through adverse possession. These rights are derived on the account of the rights of the original owner. There must be a definite or implied rejection of the inscription by the owner. Creating a boundary wall across the entire property can be a means to further this ownership
.

Public knowledge: In general the public should be aware of the claimant's possession. This requirement is set so that the actual owner has enough centers to know that a person owned their property and gets a fair opportunity to do the work. However, one is not obliged to inform the principal owner about it.

Actual possession: Actual possession must occur during the period of interruptions. Material tasks such as collecting crops, repairing buildings, planting trees, building sheds, etc. can be intermediaries by which actual possession can be restricted. The owner could not declare possession on the property without being physically occupied.

Continuity: The owner of the property must have clean, unbroken, continuous and continuous possession. Any dispute in rights will violate his rights.

Specification: The owner of the property must have ownership. Possession cannot be obtained by individual entities or individuals for the claimed time period.

Some Problems are:


A milestone has been reported on adverse possession.

In 2004 the case of Karnataka Board of Wakf vs. Government of India and others explained the characteristics of adverse possession. It confirms that the onus is on the applicant to substantiate the facts and testimony necessary to declare the title to the property.

The person alleging adverse possession has to confirm the following before the court:
1. Date of occupation
2. Quality of possession
3. Public occupation was identified
4. Continuation of possession

We need change


This archaic law needs to be renewed as it goes on versus equity. It executes the owners of the property and compensates for trespasses rather than vice versa. However, until the development is done with the SuGanta Realty Services llp owners property should be knowledgeable and monitor them.

www.SuGanta.com



Thursday, December 5, 2019

The Phase of Real Estate had changed due to Technology


Technology has endlessly impacted businesses such as transportation, healthcare, financial services, retail and many more, with similar approaches sharply changing the real estate sector. From home to online booking to view, technology has satisfied a great idea to boost the life of the customer. Due to technological advancement, people have immediately become smarter and hold an easy path to the heaps of knowledge.


The importance of technology in our everyday lives is undisputed. We all accept the case that today's progressive world is insignificant without technology.


Within technology, innovative opportunities are knocking at the door


Technological achievement has taken the world to a different level and this picture is completely different from previous decades where it is challenging for sellers to combine with buyers.

Simple search methods: Google search has made it easy to find any information in a mouse click. Real estate companies now have their own websites and apps, where customers can preview the information they need. Technological developments have even broken the geographical barrier where NRI customers can book and finalize homes from any part of the country. In fact, due to increasing technology, it is easy to seek professional advice from the client in case of any doubt.

Online Payment Options: With online payment options, buying and selling homes has become much easier than before. Whereas earlier customers had to appear in person and a singular date was established to receive payment. Now, due to easy bank transfer and various techniques of receiving payment, instant payment has become easy.

Chat bots: Marketing and sales enforcement is enhanced through chat bots. Chat bots assist as a point of communication between customers and companies as they market direct questions and assure customers to resolve their inquiries.

Social Media: Every news with social media is just a picture. It prefers each specific detail that is important from the customer's point of view.

Home computerization: Making our lives easier and simpler with technology. Smart homes have become the foundation of a stable lifestyle. It is technology that has caused home automation in the picture. Everyday we understand the latest home automation to get our home protected and technically exceptional. Home automation encompasses a wide range of functionalities.


Let us understand some contemporary devices which is the most suitable example of home automation:-



Great control: This thing is a personal wall switch that practices wi-fi to connect and use with multiple devices in your home. The color finish screen and a user-friendly button will let you play music, control lighting, approximate temperature and many more. It is reasonably priced but is a smart choice for a high-tech home.Combined with a wi-fi that assures you to regulate temperature from a phone, tablet, or your system.


Smart heating and cooling: An inclusion of primitive sensors that adjust to reduce hot and cold points in different rooms. The technology that brought about revolution in today's world has been an essential component of our lives.

Real estate is changing the face of unnatural intelligence as technology changes. It is anticipated that artificial intelligence will be able to fully handle the market. It first managed to become a monologue platform, but due to advances in technology, it has now interacted with an online program. Due to this advancement in technology, it is predicted that the overall business board is a real estate or continues to prosper. SuGanta Realty Services llp offers you a range of apartments, villas, flats, farmhouses, plots, Offices, Spaces, Shops, Builder floors etc on affordable price and amenities.