We have reached the final phase of 2022. Numerous changes were observed in the real estate industry, including a fall in affordable housing, the introduction of mid-range and luxury housing, an increase in the demand for apartments, and a creation ban to control pollution following Diwali.… Read more
The most affordable residential cities in India are still Kolkata, Hyderabad, and Pune: JLL
Tags: IndiaReal Estate
According to the Home Purchase Affordability Index (HPAI) 2022 Report from real estate firm JLL, Mumbai has become just marginally less affordable while Kolkata, Hyderabad, and Pune continue to be India’s most affordable residential markets. However, as macroeconomic headwinds and inflationary pressures eat into family income and property prices rise while entry prices are still being fully communicated, JLL claimed that affordability categories are expected to continuously decline for 2022 and 2023. It was mentioned that the RBI’s increase in the price of the repo is just one of several factors that will lower affordability tiers.… Read more
All about filing a partition suit in India!
Tags: Realty Guide
A partition suit is an action brought by a co-parceled when there is a disagreement over property within the same family or when most of the two owners of the real estate are not in agreement over the sale or division of the land. This dispute should be started as long as the other co-owners have not acknowledged the prison notice of partition and it is still in progress.… Read more
All About Investing in Gaothan Property!
Tags: Realty Guide
Place inside the village’ is what the Marathi term Gaothan (‘gao’ = village, ‘than’ = place) denotes. Gaothan are the physical areas of land that make up a town, city, or hamlet. According to Section 122 of the Maharashtra Land Revenue Code, Gaothan is a territory that is a part of a village, city, or town. It demonstrates that the Gaothan can also check a website in a city or town farther away from a hamlet. Gaothan takes into account specific town neighborhoods when particular conditions and circumstances are met.… Read more
Real estate Vs Stocks? Where to invest?
Tags: Realty Guide
Both purchasing shares and investing in real estate are well-known forms of capitalization. People desire a well-researched funding strategy for all of their financial decisions, whether they are saving for retirement, planning their dream vacation, buying their dream car, or investing in their children’s education. Here, we try to understand why people choose to invest in shares as opposed to real estate.… Read more
Office absorption will reach a record level in 2022: Colliers
Tags: Real EstateRealty News
According to Colliers, a brand-new historic high is likely to close in 2022 after two years of gradually increasing demand for commercial offices, with gross absorption likely to reach 50 m sq toes. “This is likely to represent a 52% increase in overall leasing from the previous year. After a few years, tenants were confident in their needs for their future workplaces and began snatching up office space in the largest Indian cities. According to the research, Bangalore will likely account for 33% of the total ingestion, followed by Delhi-NCR and Hyderabad. Using this opportunity should result in increased profits for Indian citizens.… Read more
GRAP Stage III limitations lifted in Delhi NCR as air quality improves!
The Central Government’s air quality body has lifted limits set under Stage III of the Graded Response Action Plan due to a considerable improvement in the average Air Quality Index (AQI) of the Delhi NCR (GRAP). When the air quality fell into the ‘severe’ level on December 4, 2022, the requisite prohibitions were imposed. Read on to find out more about this.… Read more
A Basic Guide to UP RERA: Registration Procedures and a Few others!
An Introduction Of UP RERA
The Real Estate Regulation and Development Statute, 2016, often known as RERA, is an act that governs India’s real estate sector. The Act was enacted by Parliament in 2016 and took effect on May 1, 2016. RERA Act 2016 does, however, provide portions of each state’s RERA power. Likewise, Uttar Pradesh has a real estate regulating authority called UP RERA. RERA UP was established on October 27, 2016, with the goal of protecting house purchasers’ interests and boosting real estate investments in Uttar Pradesh.… Read more
High-rise structures in Noida and Greater Noida will feature façade lighting.
Tags: IndiaReal Estate
The Noida Authority has made it essential for builders to instal façade lighting before seeking for an Occupancy Certificate in the most recent update (OC). The goal is to expedite the installation of façade lighting in new high-rise buildings along the Noida-Greater Noida Expressway. Continue reading to see why façade lighting is being installed in Noida and Greater Noida.… Read more
Everything to know about Rental Agreement Process
Tags: Rent Agreement
Most people, when moving into a new city, prefer to rent an apartment on a year-long lease rather than buy or spend their nights in a motel. Apart from renting living spaces, people can also opt to rent flats, entire sections of a building, or a floor for offices, storage, and even a small production line. The process is usually pretty straightforward, but if you are new to it and don’t even know the basics, your landlord can easily take advantage of your situation. … Read more
