realestate2022

Monsoons Could Be The Best Time To Go House Hunting (Wikipedia) Monsoons could mean discomfort but it is also a good time to look around for a locality and a property fit for you. Wondering how this could be possible? Could monsoons be a good time to invest? Ashok Mohanani, chairman, EKTA World and vice president, NAREDCO West says, “Rather than avoiding this opportunity, a potential homebuyer should use it as an analysis to witness the pros and cons like location, construction quality, etc.” What can you guage? Mohanani explains: Check for amenities and quality of infrastructure During monsoons, the roads are full of traffic and water logging. This could indicate the commute and access to the area. A potential homebuyer must visit the site several times before taking the final decision. Monsoons is a suitable time to check the condition of the building and the adjacent area around it. Also find out how frequent is public transportation and how much time would it take to commute to a ...

What is a tripartite agreement and how does it work? A tripartite agreement effectively states the relevant details of a housing loan or leasing transaction in an under-construction project. Here’s an analysis of what it entails A tripartite agreement is the key legal document involving the buyer, bank and seller. It’s the document required when a buyer opts for a home loan to purchase a house in an under-construction project. “Tripartite agreements have been established to assist buyers with acquiring loans  for properties against the planned purchase of the property . Since the home/apartment is still not in the name of the customer until possession, the builder is included within the agreement with the bank,” states  Rohan Bulchandani, co-founder and president, Real Estate Management Institute™ (REMI) and The Annet Group . “In the leasing industry, tripartite agreements can be drafted between the mortgager/lender, the owner/borrower and the tenant. These agreements usually ...