In the realm of property ownership and inheritance in India, a legal term that often surfaces is “partition suit.” This legal process is instrumental in resolving disputes arising from joint ownership of property, a common scenario in the Indian context where families often share ancestral or jointly acquired assets. In this article, we delve into the intricacies of a partition suit, exploring what it is, when it is typically filed, and the key considerations involved.… Read more
RERA 2.0 Gateway will Automate Paperless, Faceless Operations
GujRERA will launch its new portal on 24 November 2022. GujRERA’s old portal was shut down on 16 November 2022. According to sources, the new GujRERA portal has been developed following the provisions of the RERA Act as well as GujRERA regulations. The new portal will facilitate business in the real estate sector by removing the need for paper-based registration, change, and extension processes. The portal will be faceless and paperless.… Read more
Property Prices in India’s IT Clusters are Rising by About 30%
In the past three years, property prices in India’s tech-centric areas such as Bangalore’s Whitefield, Hyderabad’s HiTech city districts such as Gachibowlli, and Pune’s Gondapur, have seen a sharp increase in the value of their residential properties. All three of these areas were at the top of the list of the micro residential markets with the highest increases in property prices from October 2023 to October 2020.… Read more
Why do NRIs need a Power of Attorney?
A Power of Attorney (POA) is a person who is legally responsible for the actions and misdeeds of the principal person they represent as a home-buyer. In India, many property buyers use a POA to help them with transactions related to purchasing a home. These transactions may include capital purchase of land or home, lease, sale of the property, or mortgage. When purchasing a home, you must hire a trusted and reliable power of attorney to assist you with the purchase process. A POA is commonly used by non-resident Indians (NRIs) looking to purchase property in India.… Read more
NRIs Travel Down to the South to Invest in Real Estate
Tags: IndiaReal Estate
The total NRI population in the world is 32,2 million. The largest NRI population is in the USA, with 13 percent of its population residing there. Saudi Arabia has the second largest NRI population, with 12 percent. In 2020, over 75 percent NRI population in South India looked for real estate investments, according to a study conducted by an online property portal. There is a huge influx of young people from the southern states, who either go to study abroad or work in other countries. Once they make enough money, they want to invest in property in their home state or a big city within their state. The southern markets have never been cheap, and developers in the south have … Read more
Your Safety Guide to Safe Shifting: Navigating a Seamless and Secure Move in India
Tags: Realty Guide
Moving to a new home is an exciting chapter, but amidst the anticipation, it’s crucial to prioritize safety, especially in the Indian context. From packing belongings to the actual moving day, every step requires careful planning to ensure a smooth transition without compromising your well-being. In this comprehensive guide, we’ll delve into data-driven insights and expert advice to create your safety roadmap for a secure and stress-free move in India.… Read more
New Home Inspection Checklist: Your Go-to Inspection Guide for a Confident Move
Tags: Realty Guide
Acquiring a new home is a momentous occasion, filled with excitement and anticipation. In the vibrant landscape of India, where diverse architectural styles and climatic conditions prevail, conducting a thorough home inspection is not just a formality but a crucial step towards a secure and comfortable living experience. In this guide, tailored for the Indian audience, we present a comprehensive new home inspection checklist infused with data-driven insights to empower you to make informed decisions and embark on your homeownership journey with confidence.… Read more
Factors That Matter in Selecting Your Home Insurance Provider!
Tags: Realty Guide
Choosing the right home insurance provider in India is crucial for safeguarding your property against potential risks and ensuring financial protection in case of unforeseen events. Here are some key factors to consider when selecting a home insurance provider in India:… Read more
Property Tax vs. Real Estate Tax Demystified!
Tags: Realty Guide
Property tax is a tax levied on the value of real property, including land and buildings. It is typically assessed by local governments and is based on the property’s assessed value, which is typically a percentage of the market value. Property tax is an important source of revenue for local governments, as it helps them to fund essential services such as schools, roads, and public safety.… Read more
Decoding Property Exchange: A Comprehensive Guide!
Tags: Realty Guide
Property exchange, also known as property swap, is a transaction where two parties mutually agree to exchange their respective properties. Unlike a regular sale transaction, where the seller receives cash and the buyer obtains the property, in a property exchange, each party simply transfers ownership of their respective properties to the other party. This arrangement is particularly beneficial for individuals who are looking to upgrade or downsize their properties without having to deal with the hassle and expenses of selling their current property and purchasing a new one.… Read more
