1. Sun-Dried Bricks (Unburnt Bricks)
Sun-dried bricks, also known as unburnt bricks, are the simplest and most traditional type of brick. They are dried in the sun instead of being fired, making them less durable with lower heat and water resistance. These bricks are commonly used in rural areas or temporary constructions… Read more
The introduction of the Real Estate (Regulation and Development) Act, of 2016 (RERA) brought significant transparency and accountability into the real estate sector, particularly in the way residential property sizes are calculated and communicated. One of the key aspects standardized by RERA is the definition of ‘carpet area’. Understanding this definition and the calculation method is crucial for both homebuyers and developers, as it influences pricing, legal documentation, and property comparisons. This blog post explores RERA’s definition of carpet area, how it is calculated,and why it matters to both buyers and developers.… Read more
After accounting for an asset’s depreciation or amortization, the WDV or write-down cost technique of depreciation is arrived at. In a nutshell, WDV is the asset’s current value.… Read more
The Pradhan Mantri Awas Yojana (PMAY) was created to provide low-cost housing to individuals across the country. The system is divided into urban and rural groups to fulfill the requirements of inhabitants. Given the importance of beneficiary information, paperwork is an essential aspect of receiving payments under PMAY. An applicant cannot close a home purchase with PMAY unless the documentation is error-free and transparent. As a result, while applying under PMAY, you must have all of the necessary paperwork on hand. Authentic papers are required to assess the applicants’ qualifying conditions. These papers will assist in identifying ineligible applicants, particularly those who already own a residential property, and eliminating them from the process so that legitimate candidates may be considered. … Read more
Understanding the concept of BHK (Bedroom, Hall, Kitchen) and its various types is crucial for making informed real estate decisions. This guide delves into different BHK configurations, helping you choose the best layout to suit your needs and preferences.… Read more
For the duration of their lives, the building and the land it is situated on are owned by the owner, society, or residents’ welfare group in a freehold property. Typically, a freehold is obtained by a lottery or sale. As a result, when the project is completed, the cost of the freehold land will be factored into the final unit cost.… Read more
It is critical to comprehend the differences between a Sale agreement vs sale deed in the complex world of Indian real estate transactions. Both papers are essential to property transactions; they have different functions and have different legal ramifications. This article seeks to clarify for Indian readers these important features of property transactions by highlighting the subtle differences between an Agreement for Sale and a Sale Deed.… Read more
As a legally binding record of membership and share ownership, a Society Share Certificate is a crucial document for housing societies. It indicates that the member possesses a specific quantity of society shares, which is essential for taking part in activities related to the society, such voting and getting dividends.… Read more
In Maharashtra, an R-zone refers to residential plots designated for construction in both urban and rural areas. These zones are regulated by authorities like the City and Industrial Development Corporation of Maharashtra (CIDCO) and the Mumbai Metropolitan Region Development Authority (MMRDA). Understanding R-zones is crucial for prospective buyers as it influences land use and development potential, ensuring compliance with local zoning regulations.… Read more
Building a home in Delhi can cost you a fortune if it is not well-planned. The high cost of labor and raw materials will add to your burden and shake your budget up a bit. Thus, it is crucial to calculate various costs and create a plan involved in process of building a home to avoid further problems.… Read more
