India’s luxury home market is experiencing a “mad rush” as affluent individuals seek out properties with high-end amenities such as spas and nannies-on-call. According to real estate experts, this trend is being driven by the country’s growing number of millionaires and billionaires, who are increasingly looking for luxury properties that offer a range of services and amenities.… Read more
High demand keeps India’s real estate industry moving forward!
Tags: IndiaReal Estate
The property market in India has been on a sustained upward trajectory in recent years, thanks to strong demand from buyers and investors alike. Despite some challenges faced by the sector, such as the impact of the COVID-19 pandemic and regulatory changes, the property market in India has remained buoyant, driven by several factors.… Read more
How can I apply for a land use change in Pune?
Tags: PuneRealty Guide
In Pune, you must apply for a Property Conversion Certificate from the Revenue Collector or District Collector if you wish to utilize your agricultural land for development. On agricultural property, in particular, some severe restrictions and regulations forbid further development unless it is submitted to the authorities. The government subsequently issues the proprietor with a CLU certificate, allowing them to utilize the agricultural property for all non-agricultural uses.… Read more
What is the SARFAESI Act, of 2002?
Tags: Realty Guide
Securitization and reconstruction of financial assets as well as the enforcement of security interests are governed by the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, Indian legislation. This law intends to make it easier for the banking and financial industry to resolve non-performing assets (NPAs) and give banks and financial institutions a more effective way to collect their obligations.… Read more
Future expectations for the real estate industry grow!
Tags: Real Estate
From a high of 68 in the previous quarter, housing sentiment has somewhat decreased. According to the most recent Knight Frank-NAREDCO Index of Housing Sentiment Report Q2 2022, amid a rapidly shifting economic climate, it has now dropped to 62. According to the study, “the reading of the current sentiment index decreased, while it remained comfortably in positive territory, mostly due to the projected impact of two further repo rate rises in May and June 2022.”… Read more
As inhabitants dread change, India’s largest slum is being demolished.
Tags: DharaviDharavi Slum
Mumbai (India) – The iconic slum featured in the 2008 Oscar-winning film Slumdog Millionaire, Dharavi, is ready for a costly makeover.… Read more
How to handle property encroachment in India?
Tags: Real Estate
Processing is the act of infringing on the owner’s property rights. A person breaks the law or purposefully penetrates a building or piece of property, or expands their building into another person’s property. Property invasion and land invasion are frequently used interchangeably, however, there is little difference between the two. … Read more
Tips for constructing your ideal house on a parcel of land.
Building a house takes a lot of time and work. Several elements must be considered to ensure the success of the ultimate outcome, from appointing an architect to double-checking the building quality of raw materials. The key pointers to keep in mind while building a house on a plot.… Read more
The Benefits and Drawbacks of Living in a Basement Apartment
Tags: IndiaReal Estate
Basement apartments are in high demand due to the growing popularity of standalone builder floors. While some homeowners convert their basements into living quarters for their personal use, others opt to make money by renting them out. Living in a basement flat, on the other hand, may bring health difficulties due to humidity and seepage issues, according to Aalok Bhasin, a Delhi-based Architect and Interior Designer.… Read more
How may NRIs use powers of attorney to handle real estate in India?
Simply put, it is an authorization (power of attorney) that a principal provides to a representative. The principal and the solicitor have a private relationship, and the principal would be bound by the solicitor’s decisions. For instance, if a person purchases property in India but is unable to see it in person, Any family or friend with a power of attorney registered can get these rights and duties by editing registration.… Read more
