Everything-Real Estate

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...

The Real Estate Regulation and Development Act came into force in the year 2016 and the country achieved its first realty regulator act. By bringing in transparency and various other perks for both buyers and developers alike, the act is set to transform the sector for its betterment. Parameters of RERA: The regulatory act is set to bring in about 83,000 builders with registration under the purview. With proper regulation and accountability, investments from domestic and foreign financing institutions are expected to increase. Credibility of the developers and builders increase as the focal area of the act is on mandating proper disclosure of the projects which includes details such as land status, clearances, approvals, etc. Transparent pricing patterns along with quick and efficient redressing process enhance the builder’s accountability. The act also ensures that the buyer’s money is used for the mentioned project and mandates the necessity of revealing all the inform...