Renting a commercial property for ATM Installation: A Complete Guide

The requirement for ATMs across urban centers increases as the population & financial inclusion grow. If you have a commercial property, you can get profitable returns on your investment by leasing your property to banks for ATM installation. … Read more

Different Types of Bricks used in Construction

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

All about the Surat Urban Development Authority (SUDA).

Surat Urban Development Authority (SUDA) is the city of Surat’s urban planning and development organisation in the Indian state of Gujarat. The state government established the SUDA under Section 22(1) of the Gujarat Town Planning and Urban Development Act of 1976. The SUDA was established on January 31, 1978.… Read more

What is the market value (or guidance value) of land?

What is the Market Value (Guidance Value) of Land?

The market value of land, also known as the guidance value of a property, is the assessed worth of the land based on state government data. It is also known as the circle rate in some jurisdictions and is the bare minimum at which a property transaction may be recorded with the state government. These records are kept by each state’s Department of Stamps and Registration, which also discloses the guideline values or market value of the properties each year.… Read more

Peripheral Ring Road (PRR) Bangalore: Transforming the City’s Real Estate Landscape

The Peripheral Ring Road (PRR) is Bangalore’s Third Ring Road, built by the Bangalore Development Authority (BDA). The 73-kilometre circular road will link Hosur Road, Tumakaru Road, and NICE Road to make a complete circle around Bangalore’s limits.… Read more

RERA’s Definition of Carpet Area: A Guide for Homebuyers and Developers

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

All about – Written Down Value of a Property

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

Essential Required Documents for Pradhan Mantri Awas Yojana Application

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

Delhi VS Mumbai: A Complete City Comparison

The cultural and political capital of India is Delhi, whereas the commercial and financial hub is Mumbai. Both are India’s two most populous cities, that are comparable in certain aspects but vastly diverse in terms of language, cuisine, tradition, and environment. Although both provide distinct experiences, both are fantastic places to visit if you want to learn more about India.… Read more

Freehold property and land: Meaning, title and ownership explained

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

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