Top Builders in Tambaram

The real estate boost in Chennai brought with it a number of builders, developers and construction firms. There are some firms that were started with professional backup and run like corporate companies. You will also be able to find construction firms in Chennai that were started by people who are already in the construction business for generations. So, the company is run like a family enterprise. It doesn’t matter what type of company the firm is, what matters most is their reliability, performance and track record.

If you are planning to buy a constructed property in Chennai Tambaram, then check out these building firms. It is always good to go for a reputed firm that has completed a few projects in the city. Then you will be able to check out the track record of their previous projects to get an idea of how they work. Let’s take a look at five of the well-known builders in Tambaram area.

Amarprakash Developers

Established in 2004, this building firm has been actively involved in constructing huge apartment complexes in many parts of the city. One of the top building firms in the city, Amarprakash Developers Private Limited has many completed projects in its kitty. This firm believes in using advanced technology to deliver quality results to clients. Some of its current projects are The Royal Castle and Palm Rivera in Chrompet, The builder is also working on a huge project named Temple Waves in the same locality.

Brownstar Developers

With more than 2 decades of experience in the construction industry, Brownstar Developers have created many landmark destinations in the city. The construction firm takes care of everything from designing the residential building to getting all the relevant certifications and constructing it. Some of their completed projects include commercial and residential buildings in various parts of the city. Currently, this firm is constructing an apartment complex in Tambaram.

Adroit Urban Developers

Established by Gaurav Goenka, Adroit Urban Developers is one of the top builders in this locality. Originally from the garment industry, Goenka expanded into real estate and set up the construction firm. The company believes in providing high-quality results on time, every time. This builder has not just constructed buildings in Chennai, but in Coimbatore as well.

Agni Estates

Agni Estates is a real estate and construction company that was established in 1992. The years of experience have brought with it the knowledge and expertise to provide the best service to clients. Its current project in Tambaram is a huge apartment complex named Shree Lakshmi. This builder also has projects in Perungudi and Ambattur.

Pace Builders

Having constructed buildings over 10 lakhs square feet of lands and planning to construct on 20 lakhs square feet of land, Pace Builders is a popular building firm. The construction firm believes in using the state-of-the art equipment, specialized workforce and modern technology to ensure the best results are achieved. This Chennai-based property firm currently has two ongoing projects, one in Seliyur and the other in Tambaram. Pace Builders is also working on a project in Anna Nagar, Chennai.

Real estate prices shoots up high at Mumbai Virar

Virar is a part of the Mumbai Metropolitan Region and Vasai-Virar Municipal Corporation. The exorbitantly high prices of properties in Mumbai city as made real estate boom in the suburban regions. The northern suburbs such as Virar, Vasai and Nalasapora has marked several residential investment in recent days owing to the affordable process of properties in these areas. For middle-class people who need to spend a large investment to buy an apartment in Mumbai city, 

Virar and other suburbs offer 1 and 2 BHK apartments at affordable ranges. But as the demand for housing have become very high in recent days, the property prices in Virar is also witnessing a considerable amount of hike in recent days.

With a huge residential demand and developing infrastructure, Virar is expected to be the future investment destination near Mumbai. The Vasai-Virar region is seeing tremendous economic and infrastructural growth in recent days and if this development continues, then surely this region has the potential to become a city on its own. The real estate in Virar is also developing in all spheres including residential commercial building. For those who wish to buy an apartment in a pollution-free locality away from hustle and bustle of Mumbai city without sacrificing on modern lifestyle, Virar is an ideal bet.

Several new proposed projects such as 126-km Virar-Alibaug multi-modal corridor project by the MMRDA connecting the regions by road and by metro, changing the existing internal road into a four-lane road, elevated rail corridor between Churchgate and Virar, and many more in pipeline contribute to the rising realty prices in Virar region. Virar also has various educational institutions, restaurants, shopping complexes, and beach resorts.

The prices of properties in Virar is moving in an upward direction in the price chart constantly. The prices of property in Virar has shown a rise of up to 10% in just one year of time. Also it expected to rise further in the coming months due to high demand form the population. When you compare the property prices in Virar in the last five years, you can visibly notice a constant increase with year from the previous years. The prices have rose not just from one year to the other, but also within each quarter of the same year at least by a small percentage. This clearly shows that realty prices in Virar has been increasing for off late and this price trend will continue in coming years as well. So if you are planning to buy a property or apartments in Virar, this is the right time to invest. Because in another 1 year of time, the property prices may increase another 10% fetching high return of interest for people who have invested this year.

Steps for hassle free registration of a property

Property registration is the final agreement between the buyer and seller. In India, registration of a sold property is mandatory by law. The government and the law will not cover any legal issues or otherwise faced by the owner if the property is not registered in his name. The law will not recognize unregistered owners to a property even if they have paid in full. This is specified by law to protect the land owners. A person acquires rights to the property only after the sale deed is registered.

The registration process of a property happens at the respective Sub Registrar office of the locality in which the property in question is located, be it rural or urban area. The following are the procedures associated with the land / property registration in India.

Title Verification:

Though not a mandatory process, it is highly advisable that any prospect owner gets the title of the property duly verified by a person practicing law. The buyer has the right to demand for the photocopy of the documents related to the property for verifying the title by a lawyer or a civil consultant.

In most cases, if opting for a home loan, the bank or the financial institution will check the title and only then issue the loan. If the title is not clear of issues, the loan will not be issued. However, it is the responsibility of the buyer to authenticate his purchase even before making the payment.

Sale Deed:

The sale deed has to mention all the specifics related to the property. If the land has any construction on it, the exact specifics have to be mentioned at length. The preparation and attestation of the Sale Deed is done on proper stamp paper by an authorized attorney. The buyer will have to bear the stamp duty and the amount varies based on the locality.

At the Sub Registrar:

Locate the associated sub registrar office with the help of the seller, developer or the person preparing the sale deed. Get a prior appointment from the authorities and stick to it. These days, the computerization means you are given a token number for your appointment. Do not miss it at all costs!

Document Submission:

A thorough verification of the documents is done by the sub registrar and the registration process is followed to the T as per the Registration Act of 1908. Post registration the documents can be collected in person by the owner after signing a dispatch register at the desk. If the owner is not present, a letter of authority (also attested) can be given to a related person.

Title Mutation:

Once the registration is completed, the title of the property becomes the property of the owner. The owner can then get the title of the property transferred (or in this case termed as mutated) in his name at the local Municipal authority.

Without the legal registration of the property you will not be entitled as the owner so register as soon as the payment is made.

About the Author:

Frank is a retired service man who loves to impart his knowledge on property investment through sites like indiaproperty.com

Top reasons to buy a property in Delhi now!

Delhi’s property market has woken up from its slumber. Though this was inevitable, many had given up hope on the real estate of Delhi, especially with mounting unsold properties and unfinished projects in and around the city. The government had worked very hard and implemented a lot of projects that would supplement the property growth spurt in localities like Noida, Gurgaon and Faridabad. The efforts have finally paid off and here are a few reasons as to why you must buy a property in Delhi before it is too late!

One of the major hurdles the realty market of Delhi faces is to sell off the already accumulated property. Either the prices had to be slashed or the existing amenities had to be improved to makes prospective property buyers consider shelling out cash for the properties. The second option worked and this is how:

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1.  The Delhi Metro has redefined the term called connectivity in the capital city! You no longer have to find residence in the same locality as you work. Sectors in Dwarka are now completely linked to one another! Noida is well connected to NCR too! The next proposed stage of the metro will connect Noida’s city center with the Greater Noida region making property market boom further! The Violet line will aid to Faridabad by connecting up to YMCA Chowk!
2. Delhi government made all the right moves in conjunction with the Central Government. The Swachch Bharat Movement started off a chain clean Green moments which lead to a lot of green spaces in the city! 
3.  The Supreme Court stepped in at the right time by settling the long standing dispute of Farmer’s Land Acquisition issues. The investors who bought land from the farmers will now breathe in peace and develop stunning projects soon enough!
4.  New sectors are well-planned with perfectly sorted our ergonomics and wide roads. The green belt around sectors helps a lot too in improving the living standards of the locality. Given the extremities faced by the region of Delhi, climate-wise, it has been a smart thing to do.
5. Property prices in NCR are on the higher side but a few areas do have cheap offerings. A smart researcher will be able to find an affordable apartment in some place like Sector 16 of Greater Noida or Ahinsa Khand 1 of Ghaziabad.
6. Arterial roads and highways like the NH 24 greatly has shortened distances and enhanced connectivity. Ahinsa Khand, Crossing Republik, Noida sectors 62, 63, 57, 58 and 59 all have seen price hikes because of this one highway! NH8 in the same way does the same to Gurgaon! undli-Manesar-Palwal (KMP) Expressway is the sole reason for Neharpur to come in the map of property buyers from Delhi and Gurgaon
7. Civic infrastructure is improving beyond comparison in most of the localities that are experiencing growth in property in Delhi. Complementing the same is that the cost of living is comparatively lesser in localities like Faridabad when compared to NCR regions.

Will the plans on linking property sale and GIS maps bring in transparency in Mumbai Real Estate?

The property prices in Mumbai and other cities are rising rapidly these days owing to the huge demand from potential buyers. With increased potential buyers who seek out for perfect location to buy a property in Mumbai, the demand have increased. The price of a property is highly affected by its location. Even the reckoner rates fixed by the government on each property mainly depends on the location. For instance a property located on a prime location near a bust stand, a railway station or airport tend to have high prices when compared to a property in remote location. So government fixes the reckoner rates only depending the growth of the place in which the property is located.

Reckoner Rates

Reckoner rates fixed by the government decides the rates of the immovable property like commercial and residential properties in Mumbai. It is based on these rates that the stamp duty and registration fees of any particulate property is collected by the Stamps and Registration department of the government. Each state government in the country determines these rates annually based on the location of the property. The government also has full authority to rise these rates.

Recent plan of Maharashtra Government

Though these reckoner rates are analysed and changed every year by the government, it is not very transparent to the public. To make reckoner calculation precise and transparent the Maharashtra Government have recently announced a new plan. According to the new plan, the property transaction data will linked with GIS maps. Initially pilot projects will be started in three cities of the state such as Mumbai, Pune and Thane.

When property registrations are linked with GIS maps, then it would be easy for the government to get precise reckoner rates for each part of the state. Reckoner rates as of now are calculated based on the market rates, local inquiries, documents registered with the department, information from media reports, real estate exhibitions and market intelligence. But all these factors are subject to frequent changes that may affect the ready reckoner rates.

When this plan is executed, the ready reckoner rates will calculated with scientific average calculated by automatic analysis of property transactions in a particular city survey number. This will use satellite imagery to know each and every development in different areas of the state and how it bring in changes in the property prices.

Challenges in the plan

Though this plan may bring in transparency and accuracy in reckoner rates, it has certain challenges. Getting property transaction details of individual Flats in Mumbai may be difficult as most area of the state may not have been updated and digitised. Also it would be difficult to identify the transaction area with just a survey number.

The use of GIS in real estate is a good news to Indian real estate. Location is the prime factor that influences real estate. GIS helps us receive accurate data on the geographical location of any property. Hence we can use GIC not just in analysing property transaction but also in various other task in real estate such as market analysis, spatial analysis and property research.