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.
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
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.
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.