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PROPERTY NEWS

Unequal division of inheritance & Women's right to property in India

 

The real estate market in India has become so huge that to get every thing or anything specific within one roof is easy and difficult at the same time. With the kind of commercial and residential property available –on rent/lease/ ownership one has to refer to portals or good companies dealing in various listings. Generally typical real estate listing would necessarily include the following heads:
 
Properties Area wise - Separate sections of residential and commercial nature.
 
Within this are included partnership, brokerage, requiring agents, and direct deals with builders. The property rates of each area are usually determined every two three years unless in a particular area shoots up due to construction or upcoming prestigious piece of property (i.e. a five star hotel, IT corporate park, shopping mall or multiplex). In such areas the rents and buying properties do increase because of job opportunities and close residential facilities.
 
Property Valuation
 
Many old properties may not be in very good condition. But they still are valuable. Why? Mostly because they can be refurbished or rebuilt entirely. This is why they usually fetch a good price. But one cannot depend only on brokers or agents or property owners to evaluate the land. Sometimes the owner is greedy and expects a bigger price, sometimes an agent in between quotes a higher price so that it benefits him, sometimes the buyer may be just rich and may not have rival bidders or competitors so quotes a fancy pricey according to his choice.

But now the industry has attained a level of professionalism and valuers who have correct knowledge and are impartial are used to assess the property. Even if it has to be handed over from one brother to another the valuer needs to correctly assess the worth of the property. Usually a lawyer does the valuation so that a stamp of legality can be given to the property and no disputes rise thereafter. A known property valuer will charge a good amount to the job.
 
Property Managers/ Property Brokers/ Property Agents etc
 
Dealing with one person who knows the entire property inside out is important. Usually when an agent shows the property to a prospective client he knows the property manager dealing with it. He normally deals on behalf of the owner.

He looks after the property and keeps in good shape till it is sold to the next owner.
 
Brokers and agents now all over India have associations. So certified ones and those registered with the respective associations will definitely not cheat you when you are buying property.

Even if there are disputes it can be challenged or sorted out through the right channels. Real estate listings usually give area wise contacts of brokers and agents listed with them. So even if one does not know one a portal provides the details.


 
Property Consultants and Designers
 
Now consultants are available for giving a better view of the industry in general. They are aware of the rules, laws and regulations, which affect builders and buyers both. Each consultant specializes in various kinds of property.

For example proerty consultant dealing with industrial properties knows what environmental laws and rules about violating them. He can help the owners to be on the right side of the law. Some consultants deal exclusively in townships, residential areas and are aware of the rules that govern them. A good consultant will always be an asset for the builder he works for.
 
Designers are usually required by architects or by individuals who need homes to be designed. Some firms employ designers, some of them free lance or some do just renovation work. Depending on the need they are listed too. They also deal with people with knowledge of Vastu and Feng Shui-both applications are in vogue with clients.
 
Help in buying or selling property
 
Sometimes an individual may want to sell his business and home and relocate to another place. Real estate listings allow the person to choose various methods of disposal for the same.
 
Home Loans
 
Sometimes one falls short of a required amount or needs nearly 75% of the loan to buy a house or an office premise. Generally people apply for home loans. There are many financial institutions, banks, private persons, and organizations, which lend money to fulfill dreams. It is easy to obtain a loan if all paperwork is complete. 

Today in India private bank HDFC and ICICI Bank and State Bank of India are the largest lenders to their customers all over the country. They are also giving loans to NRIs to invest in property in India.
 
NRI Real estate Services
 
Right from choosing the property, availing loans, evaluating, filling forms online, property management etc all services can be used. Real estate listings have the entire database for the same.
 
Some real estate listings are also likely to include details and contacts of leading architects, builders, news on upcoming projects, engineers, building materials and news and articles which are likely to affect buying and selling decisions.

A regular monitor or a property watch is kept for any changes of rates in any zones. Some also feature overseas properties and help in getting information to get there.  A real estate listing becomes popular with every new additional thing that will eventually help the client.

 
 

 

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