Showing posts with label india real estate. Show all posts
Showing posts with label india real estate. Show all posts

Friday, 16 October 2015

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.

Tuesday, 15 September 2015

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

Tuesday, 8 September 2015

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:
1

  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.

The growth of property market in Virar-Mumbai



Any locality whose property prices see over a 100% growth in less than a decade can be termed as a stellar place for returns on investment! The shrinking availability of space in the mainland of Mumbai in the last 6 years or so, builders and developers have been forced to look elsewhere and Virar has been their go to destination!

Geography:
While on the lookout for new realty destinations for developing apartments in Mumbai, Virar has caught the fancy of many top property builders. It is termed as the town of the future by property experts in the city. Situated close to Vasai and surrounded by other suburbs like Dahisar, Tokare, Arnala and Nalasopara East, the town falls under the district of Palghar. The area available is huge; over 100 square kms of land!

Future prospects:
With Mumbai turning out to be empty handed, there is a desperate requirement for fresher, cheaper rural towns which can take up the population of the region. This is how a place like Virar has profited. It has a well-planned connectivity with the other parts of the city, making it a real prospect for the future.
Inside of this arranging is the Virar-Alibaug Corridor Project. The undertaking has a twofold objective – firstly to unite the two towns by road, and furthermore by the metro. While the time period for this is year 2031, it is bound to happen slow, yet steady! The other arrangement is to have the monorail running in the middle of Virar and Chikhaldongri. The Rs 600-crore plan will cover the Virar-Chikhaldongri line in a couple of years or so!

Social infrastructure:
Though underrated, the area is not too bad for what is primarily going to be a residential destination for many investors. Though the area might not boast of many Malls and other hi-tech facilities, it more than makes up for all that with the coastal feel to the region! The beaches are an added advantage and the number of resorts dotting the coastline makes for a great way to unwind on a holiday than jostling through the hustle and bustle of a mall.
There are a few amusement parks too which break the monotony of activities. A few heritage spots like the famous forts of Arnala and Vasai make it interesting for those who like a mini trek. The locality is also known for a number of lakes that are present - Achole Lake, Nirmal Lake, Bhuigoan Hill Lake, Nandakhal Lake, Gassa Lake, Gorlai Lake and Varmala Lake all make for a good vacation spot for families.

Financial Gain:
Let’s face it Virar might not be the primary residential destination for many Mumbaikars. But, the possibility of buying a house here and renting it out for income is a smart move! Localities like Dahisar in Virar offer good deals on rent with 2 bhk apartments in Virar fetching as much as 20,000 INR a month on rent alone! So, go ahead and pick out an apartment in the hottest upcoming locality of Mumbai and be pleased!

Author Bio:

Shailja is an Indian housewife who loves to write on Real Estate. She is a regular contributor to the columns of many property magazines and also IndiaProperty.com