Everything-Real Estate

In India, rental values of properties are going one way and that is up. This is felt as a major burden for middle-class families who stay as tenants. Along with other obligations at home, tenants see the rental increase as a potential threat to their financial abilities. Usually, owners in various cities across the country, increase the rent of a property by up to 10% each year. But this margin can be negotiated if the tenant is well aware and smart in dealing with people.   Legally, the landlord has the right to revise the rent with proper notice delivered to the tenant according to the Transfer of the Property Act 1882, section 106. Still, as a tenant, you can induce a negotiation process without disrupting the relationship with the owner. Here are some tips on how to negotiate with a homeowner for raise in monthly rentals: Be aware: As a tenant, you should know about the average rental values in the locality. Talk to people in the neighbourhood, or just browse onli...

We all use bathroom almost every single day to start a day with a good cold bath or to end a tiring day with a warm shower. With the advent of small compact apartment units, the bathroom space is getting even smaller and the walls are closing in on us. Small bathrooms have become common everywhere and the lack of space is making us claustrophobic at a place where it ought to feel the most at ease. But even with such a small compact space in the bathroom, we can do a lot with the ergonomic planning of space. By using almost every section of the space intelligently, we can make the bathroom completely functional and convenient for our sake. Here we will see how to optimize small bathroom space: Creating spaciousness with reflection: We cannot possibly create space with reflective elements. But with smart use of mirrors can induce a spacious effect in the bathroom. A large mirror with a defining frame that looks daring is a great option to do this. By creating an illusion of...

Property rental sector is impacted in a huge way due to illegal practices followed by some scammers. The increase in these scams is a matter of concern for tenants and landlords across the country. People looking for lease and rental properties are often fooled by scammers and the following article is to raise awareness among the common populace. Some of the usual scamming practices are: Absence of legal rental agreements: It is straight away a red flag if property owners or agents agree to rent the property without drawing up a legal deed. A rental agreement has the important details like the time period of stay, rental amount and other clauses regarding the handling of facilities in the place. Without an agreement, there are chances of problems to arise between the tenants and the landlord in the future. Tenants can also easily practice illegal activities without a fret in case of the absence of proper rental agreements. Demand of money before seeing the rental/leasing...

With the searing rise in property prices, buying an apartment unit or house by a middle-class individual by himself/herself is almost impossible. It is a huge financial burden to bear by a single individual and thus the sector in general is evolving to other trends. One of those trends is the idea of having joint or co-ownership of a property. Instead of the conservative approach of owning properties individually, people are okay with considering joint ownership deals. Co-ownership has a lot of upsides and downsides that need to be discussed. The purpose is to leave nothing behind and help a reader to absorb a brief knowledge about the same. Experts advise that co-ownership has a lot of benefits if the owners are all equally responsible and financially able to come into a mutual agreement. Eligibility to co-own a property: By the country’s laws, the eligibility is quite simple to understand. Anyone can be a co-owner of a property like parents, siblings, children and spouse ar...

Located in southern part of the Chennai city, Pallikarani has been at the radar of real estate developers and prospective home buyers. With the average price at INR 4,900 per square feet; the price range fluctuates depending on the exact location, quality of construction, reputation of the developer and many other factors.  And apart from these factors, with the Real Estate Regulatory Authority (RERA) under action, unstructured sellers are soon to be eradicated from the market for the betterment of buyers and developers alike. Why is Pallikaranai under the radar for development? Pallikaranai is in geographical proximity to prominent IT hubs in the Old Mahabalipuram Road. The corridor accommodates more than 70,000 IT/ITes workforce along with many other college going youngsters. Rental property is always on demand and reasonable rental rates aid working professionals and other youngsters living around the location. Infrastructural development in Pallikaranai: Ther...

After moving from a quiet and un-happening town in Kerala to Chennai, I was quite upset and down that there are not many places to be in Chennai, where I could spend some time alone and introspect the meaning of life without being under the scanner of strangers. I had a notion that being a socially awkward introvert is really going to be hard in a bustling city like this one. But, guess what? “Singara Chennai” had other plans for me. Closely alive with spirited vibes in every corner, the city also has few not-so-mainstream spots where one could unwind without giving a damn about what is really happening around. This blog is to help all my fellow homo-sapiens who feel and experience life as I do. It is high time to take our stand and propagate our un-sung vibes of life in these quaint nice corners of the city. After moving into a flats in Tambaram , Chennai last year, I spent most of my free time (which is all the time) reading, gaming, and binge-watching Netflix series all ...

Under the recently announced Pradhan Mantri Awas Yojana Scheme, there is a Credit Linked Subsidy Scheme for Middle Income Groups (CLSS-MIG). In this urban scheme, MIGs with annual incomes ranging from 6 lakhs INR to 18 lakhs INR per annum are eligible for a subsidy in interest rates for purchasing their first home. The scheme is expected to augment the housing sector if real estate developers are ready to provide compact spaces at lower prices, like the builders with flats in Tambaram specifically constructing units to deliver for this purpose. The subsidy scheme on home loan interests is a part of the “Housing for All” initiative. In this scheme, there is a 4% subsidy on interest rates for home loans up to 9 lakhs INR for the MIGs falling under the 12 lakhs INR per annum income and a 3% subsidy on interest rates for home loans up to 12 lakhs INR for MIGs with an income of 18 lakhs INR per annum. Additional loans over the limit can only be availed at the usual rate wit...