Most frequently used terms in the industry are as follows: Built-up area: Built-up area denotes to the entire area of the floor including carpet area, walls, lobbies and corridors, atrium areas and basement. Always, check with your builder/agent on what concept they are using. In Mumbai, the basement, staircase, lift, and utility rooms like generator [...]
Procedure for buying a Home
Following is the procedure: 1. Survey of Location Find out whether the location is close to amenities such as apartment complexes, shopping malls, recreational facilities, industrial belts, and schools. 2. Analysis of the plans and policies of the local civic bodies. 3. Prepare the necessary documents: Salary slip Statement from bank for the previous financial [...]
Real Estate Laws in India
Investing in real estate in India require compliance with various laws which run into dozens, some of them more than 100 years old and some very new. In addition to federal laws of India, there are many state laws governing real estate transactions and investment. The federal laws governing real estate include: Indian Transfer of [...]
Investment in Real Estate
Real estate investment involves the commitment of funds to property with an aim to generate income through rental or lease and to achieve capital appreciation. Thus, it involves the purchase, ownership, management, rental and/or sale of real estate for profit. Real estate refers to immovable property, such as land, and everything else that is permanently [...]