Bangalore, also known as the Silicon Valley of India, is a popular city for IT professionals and students. However, the cost of living in Bangalore has increased significantly over the years, making it difficult for people to find affordable rental accommodations. In this article, we will discuss six of the cheapest areas in Bangalore for rent.… Read more
How to Apply for a Mobile Tower on Your Land in India
As connectivity becomes increasingly vital in our daily lives, the demand for mobile towers is on the rise. If you own land and are considering leasing it for the installation of a mobile tower, this guide will walk you through the process of applying for a mobile tower on your land in India. From understanding the prerequisites to navigating the regulatory landscape, this comprehensive guide aims to provide a clear and simple overview for Indian landowners.… Read more
Understanding MHADA Unit Surrender Procedures!
Tags: Realty Guide
Winning a Mhada lottery is a dream come true for many people. However, there are some cases where you may need to surrender the unit after winning. This could be due to financial constraints, a change in circumstances, or simply a change of heart.… 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
RERA’s Definition of Carpet Area: A Guide for Homebuyers and Developers
Tags: Real EstateRealty Guide
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
Sale Agreement vs Sale Deed: Key Differences
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
Leave and License Agreement: Meaning, Maximum Period and Benefits
Tags: LegalRealty GuideRental
A leave and license agreement is an essential contract that outlines the terms and conditions between a landlord (licensor) and a tenant (licensee) in the context of property transactions. Under the terms of this agreement, the licensee is granted the right to use the licensor’s property for a predetermined amount of time, provided that rent or other remuneration is paid.… Read more
What is rental yield? – Meaning, Formula & How to Calculate
When you compare your normal costs to the money you get from renting out your property, you may determine the amount of money you are making on an investment asset, which is known as rental yield. You can estimate the possible ongoing return on your investment more accurately if you comprehend the fundamentals of asset yield. When it comes time to go over the lease on a financed item, it could also be useful.Finding out a property’s condo yield also helps you decide if it is in the ideal location for your investment goals or if you can get a better condo yield by investing in a different neighborhood or buying a different property.… Read more
