Simply put, it is an authorization (power of attorney) that a principal provides to a representative. The principal and the solicitor have a private relationship, and the principal would be bound by the solicitor’s decisions. For instance, if a person purchases property in India but is unable to see it in person, Any family or friend with a power of attorney registered can get these rights and duties by editing registration.… Read more
Real estate trends to watch out for in 2023!
The Indian real estate market reached a new peak in 2022. With considerable improvements in both home sales and new buildings, this positive trend is anticipated to last well into 2023, with sales remaining higher than in 2014 and better than in 2022. Despite numerous ups and downs in recent years, the Indian real estate industry, which has demonstrated and is often seen to be unaffected by market volatility, has met investor expectations. Positive expectations and increasing momentum have demonstrated its ability to compete and will do so in the upcoming year. Every sort of investor may find something in the Indian real estate market, except those who wish to play.… Read more
Why are upscale homes becoming more popular in Goa?
Consumers in India are pickier than ever. They tour the world, taking in the lifestyles of nations like the USA, UK, Australia, and UAE to better understand the Indian way of life. They are looking for homes that will allow them to live luxuriously. In this way, Goa checks all the appropriate boxes. Its beauty is heightened by the gorgeous setting and pleasant temperature it enjoys. Goa has also grown in popularity as a place to construct second houses or vacation homes since it provides the ideal blend of modern comfort and nature. INR weakness and rising NRI demand Among NRIs, Goa has long been a favorite. For non-Indian resident investors (NRI), the dropping value of the rupee is a … Read more
How cost-effective is housing in India?
2022 is over, and we have entered the new year. But there is still more to be done to meet the government’s Housing-for-All aim, which had a real deadline of March 2020. Even though the Center has already increased the duration of the city and rural PMAY additions by every other year, much more may still be needed to ultimately achieve the task target. According to a United Nations report, the United States is on track to surpass China as the most populated country in the world by 2023, making it difficult to provide every resident with affordable housing that satisfies all of their needs.… Read more
What exactly is the Land Acquisition Act of 2013?
Tags: LegalRealty Guide
What is the Land Acquisition Act?
The Act oversees the land acquisition process and establishes the rules and procedures for providing rehabilitation, relocation, and remuneration to persons who give up their property to the government for infrastructure development. According to the Act’s provisions, the government compensates affected landowners (four times the market value of property in rural regions and twice in urban areas), making the whole process of purchasing land for the development of industries, buildings, or infrastructure projects fair and transparent. The Act also provides for the rehabilitation of impacted families. … Read more
Learn everything there is to know about External Development Charges.
Tags: Realty Guide
If you intend to buy a home in a residential development, you must pay the Infrastructure and External Development Charges. These fees are required and may differ depending on the size of the flat. Continue reading to learn more about these fees and how they may affect the cost of your home purchase.… Read more
Is it lawful for a developer to sell a building’s communal terrace area?
Tags: Realty Guide
Having a terraced flat is usually considered a privilege. Buying a terraced property, on the other hand, has become an expensive endeavour in recent years. In addition, with the advent of high-story housing complexes, the tendency has begun to fade gradually. Nonetheless, some homeowners are ready to spend more for a terrace in order to have more privacy and convenience.… Read more
Considerations to make before selling an under-construction home!
Tags: Realty Guide
Purchasing a property during the project’s debut in order to benefit afterwards by selling the unit has become an appealing concept for many real estate investors. However, due to the participation of several parties, transferring or selling an under-construction property might be difficult. According to insider accounts, there are certain helpful techniques to make this selling a smooth process.… Read more
Can the RERA authorities prosecute unregistered projects?
The primary goal of the Real Estate (Regulation and Development) Act of 2016 (RERA) is to avoid builder-buyer conflicts, restore purchasers’ faith in the market, and encourage real estate transactions throughout the country.
Everything you need to know about the Right to Property!
The right to property was a basic right until the Indian government encountered difficulties in acquiring immovable properties in the public good. As a result, it was repealed as a basic right in 1978, although it remained a human right. This implies that no one’s property may be obtained unless there is legal permission, and there will be no guaranteed right to compensation if private real estate is acquired.… Read more
