realestate2022

Homebuyers, Being Tech-Savvy May Not Be Optional Any More (Shutterstock)   We often hear them say people are increasingly depending on the internet to buy property. A large part of the R&D (research and development) is carried out using online channels before the need to work offline arises. If one were to do all this work in the real world applying physical labour, this would have been taxing, killing the joys that a buyer derives from the idea of becoming a property owner. Developers and property brokers seem to be taking this oft-circulated news – which is backed by data and supported by trends – seriously. Even small brokers who operate from tiny offices in dingy lanes of their cities are trying to explore the opportunity the internet offers them. In case they are not able to go online themselves, they seek assistance of big players who are growing plenty in numbers. The popularity of the online channels among developers is evident from the fact that many of them conduct on...

How Do Banks Evaluate Your Property When You Apply For Home Loan? (Shutterstock) Calculations are an integral part of the real estate business. It is for the same reason that while you may want to sell a property for a certain amount, you may or may not be able to given the finer characteristics of your property. In real estate, valuations become important. Here’s what you need to know about property valuations. More and more prospective homebuyers and investors are eyeing an investment in the near future. Banks offer home loan products and for mortgages, property evaluations become necessary for the simple reason that banks want to make sure they do not end up with a loss if you default. So, what is it that the banks check when they evaluate your property? The location of the property Homes are completed and delivered only when the supplier is able to conveniently manage the delivery. Similarly, banks will see whether the home loan that you are applying for is a property that is in a ...

Auspicious Days For Griha Pravesh In 2018 (Shutterstock) Home buying is followed by housewarming ceremony, conducted usually on auspicious dates after consulting a priest. According to the Hindu  panchang  and Vastu, there are few  ma hurats  that are considered lucky for  griha pravesh . If you too are planning to move into your new home in 2018, here are few dates which are termed as auspicious according to the Hindu  panchang.   Griha Pravesh Mahurats  In January  (Magh),  2018   January is also known as  Magh  according to the Hindu  panchang . There are no auspicious  mahurats  or  nakshatra  in January for  griha pravesh  ceremony. However,  Makar Sankranti  that falls on January 14, new homebuyers are advised to do charity on that day for well-being and prosperity of the occupants of their new home. Since  Vasant Panchmi  is falling in January this yea...

NRIs, In Whose Care Is Your Property? ( Shutterstock ) That real estate investments are a double-edged sword is no secret. You buy property with a view to make gains. However, you also run the risk of losing if you own an asset. Because India’s real estate provides great investment opportunity, non-residents are often willing to put more and more of their money here. At the same time, they have to make sure their investments in the country of their birth remains safe. All the instances of relatives snatching properties of their NRI kith are sure to make them apprehensive. Purely for this reason, many of them take the help of professionals to take care their properties. Even in such a scenario, an NRI investor will have to exercise caution. I n the care of : Do I leave it to relatives? Our first thoughts go to our relatives when we start thinking about who could take care of our property in our absence. These are the people we trust, who would take care of the business without charging...

Benami Property: All You Need To Know What does Benami mean?   Benami is a South Asian word that means “without  name” or “no name”. So, the term  benami property means property without a name. It includes the transactions, in which the person who pays for the property is the beneficiary who purchase the property in the name of another person. The person does not buy it under his/her own name.The person on whose name the property has been purchased is called the benamdar and the property so purchased is called the benami property.  Meaning of Benami as per ‘’Merriam Webster” dictionary: made, held, done, or transacted in the name of (another person) – used in Hindu law to designate a transaction, contract, or property that is made or held under a name that is fictitious or is that of a third party who holds as ostensible owner for the principal or beneficial owner. The Benami Transactions (Prohibition) Act, 1988: Evolution and developments ...