The monsoon season evokes both joy and melancholy in us. We are relieved to have some relief from India’s scorching summers, but we are also depressed because of the damage caused by heavy and continuous rain. Seepages, electrical short circuits, and structural moisture are just a few of the catastrophic effects caused by the wet season. But why let such concerns dampen the great mood created by the arrival of the monsoon? Make your home ready to withstand the onslaught of rains with many domestic maintenance recommendations and a domestic coverage plan to stay worry-free.… Read more
Assets inherited following the owner’s death
When someone passes away, their possessions are distributed to the beneficiaries listed in their will. However, if someone passes away without leaving a will (i.e., they die intestate), their possessions may still be distributed following the law depending on their faith.… Read more
India’s real estate market openness is among the best in the world: JLL
Tags: IndiaReal Estate
According to JLL’s 2022 Global Real Estate Openness Index (GRETI), India’s real estate market disclosure is one of the top ten most advanced international markets.… Read more
Why is India’s rental yield one of the lowest?
Rental yield in India’s eight biggest cities, namely Bangalore, Delhi NCR, Mumbai, Chennai, Hyderabad, Pune, Ahmedabad, and Kolkata, has been stable for several years. Whereas the rental market has grown at a reasonable pace, the rental yield has held steady. The average return on furnished properties in India is only 3.3 percent, which is much lower than the 3.5-4 percent average return in other Asian nations and the 4.5-5 percent average yield in European countries. Although increasing rental yields has been a problem in recent years, the low rental yield has made purchasers wary of investing in real estate, especially individuals hoping to use real estate to generate income.… Read more
Property rights of daughters and daughters-in-law in India
The Hindu Succession Act was amended in 2005, and as a result, daughters were granted the same rights as coparceners. However, there has been uncertainty over the count because the modification became effective as of the day of the announcement and is no longer taken into account for incidents occurring before 2005. To put this to rest, the Supreme Court (SC) ruled in a historic decision on August 11, 2020, that daughters had the same rights as coheirs under the Hindu Succession Act, regardless of when the transition occurred. According to the Supreme Court, a daughter acquires her coparcenary rights through birth.… Read more
Property rights for women
According to Section 14 of the Hindu Succession Act of 1956, “Any property owned by a female, whether acquired before or after the Act’s commencement, may be retained by her as the whole owner and no longer as a limited proprietor.” According to this rule, the woman is unquestionably the rightful owner of her possessions. Many women are still unaware of their rights and are under the mistaken assumption that they only have limited control over their property, in spite of those modifications. The Center has made several actions to strengthen girls’ property rights by presenting various legislative revisions. 2005 saw the Act include new provisions.… Read more
All About Taloja, Navi Mumbai
Taloja, which has Kharghar as a nearby community, is quickly becoming a vital residential getaway for residents. The development in this area has been sparked by recent news that Kharghar is now connected to The City and Industrial Development Corporation of Maharashtra (CIDCO) by an overpass that is being improved. Proposed metro stations, a new international airport, and comparatively inexpensive fees are other factors driving higher capital prices.
Kharghar, located around nine kilometers distant, has capital values in the range of Rs 7,000–8,000 per rectangular foot, whereas ordinary asset fees in Taloja are roughly Rs 4,000–4,500 per rectangular foot.… Read more
FY 23 is the year of the real estate market boom
Tags: IndiaReal Estate
Indian real estate finished the previous fiscal year on a very solid platform, with one of the highest growths in recent memory. According to Knight and Frank’s research, the eight major cities in India published a total income of 78,600 units in Q4 FY22, the highest in the previous four years. With the help of a 9 percent increase year over year, the quarterly income increased. The biggest growth was seen in Delhi NCR, which grew by 123 percent year over year. Other markets, like Bangalore, Ahmedabad, and Hyderabad, also saw a noteworthy increase.… Read more
All About E-registration of Property
The most frequent conflict in Indian real estate is a land dispute. Cases range from illegal land transactions and land grabs to the purchase of a property when no actual purchase has occurred. Using such problems has historically been a problem in the real estate market. The contemporary government’s intention to simplify immovable property registration through e-registration is a really groundbreaking step. For its openness and ease of use, this has received unanimous approval.… Read more
Important things to consider while investing in a weekend home
Rest homes are weekend homes. It exists solely to provide mental tranquility to its occupant. The majority of people who invest in a second home do so for a getaway or weekend home. It is undoubtedly a significant choice. So, what should you consider before buying yourself a weekend home?… Read more
