Aakar Realty Enterprises '_____ Realty Mediators

Investing in land Identifying a piece of land that is in close or reasonable proximity to future market drivers is the first important step in investing in land. Depending on which city one has chosen, it is possible to identify the future location of scheduled infrastructure projects, educational institutions,  hotels  /resorts, townships , residential and business complexes. Inquire into the legal status of the land and establish if it is for sale. Locate the owners and make a purchase proposal. For maximum future returns, its important to make one's investment while entry costs are low. Location is equally important if one wishes to buy land to use in a retail venture or a manufacturing unit, since such ventures are dependent on the immediate access to a customer catchment and manpower sources. Things to keep in mind while buying land The piece of land may be under litigation or may be earmarked for a government project. It may be categorised as forest land or can be in a ...

By Accommodation Times Bureau 35 (3) The following shall be counted in FSI i) Covered  parking spaces  as provided under Regulation no. 36 (5) (e) ii) Area of  fire escape  balcony as provided in regulation 44 (5) iii) Area of Sanitary block for the use of domestic servants engaged in the premises, other than at staircase mid-landing level, Stilt level, parking level. iv) Part / Pocket / Covered terraces, for whatever purpose, except open terrace above the top most storey and the part terrace at top most storey due to planning constraints but accessible from common staircase. v) Area below open to sky swimming pool, clearance exceeding 1.5 mtr. from floor level . vi) Air condition plant room / Air handling unit room, meter room, D.G. set room except provided in basement. vii) Fire check floor / service floor of height exceeding 1.8 mt. viii) Area of blaconies a provided in sub regulation 22 of Regulation 38. ix) Niches below  window s...

A first-quarter survey of homebuyers and sellers done by HomeGain.com, a real estate services website, revealed that 76 percent of homeowners believe their home is worth more than the list price recommended by their real estate agent. Homebuyers usually have a better grasp of current market value in the area where they're looking to buy than do sellers who own and live there. Buyers look at a lot of new listings. They make offers, know what sells quickly and for how much, and what doesn't and why. HomeGain reported that homebuyers still think sellers are overpricing their homes. Your home is worth what a buyer will pay for it given current market conditions. This may not be the same as your opinion of what your home will sell for, or what you hope it's worth. Relying on emotion rather than logic when selecting a list price can lead to disappointing results. The prime opportunity for selling a home is when it's new on the market. This is when it is most marketab...

All residential  properties  are built up on land only besides taking all necessary legal precautions sometimes the faults and past claims related to  property  could not be corrected as all property have previous owners. Nowadays people indulging in property transactions are more aware and concerned about the legal issues related to the  real estate  market. Title transactions offers safeguard to property transactions and helps in protection against the loss that arises from legal proceedings. The title insurance concept was first introduced by USA to alter the confusion which is based on property registration  deeds. For assuring the legality and credibility of property insurance policy is a helpful concept. As per laws of state government insurance of building has been mandatory since 2001. Title insurance has been practiced in India by foreign  invest ment companies but the result has not been desirable. In a study it has been observ...

By Dr. Sanjay Chaturvedi The Maharashtra Regional and Town Planning Act of 1966, employs the Term Development Plan and indicates a variety of things, but is a mere land-use plan. It also contains the Development Control Rules (DC Rules). Which regulate the Character of buildings and density of population allowed in a specified area. The City’s godfathers who approved the Draft plan perhaps sincerely believed that the Plan would improve the quality of life but some of the prescriptions of the Plan have had the opposite. The prescribed density ceiling for ordinary housing was 200 tenements per net hectare. The FSI concept was based on the land price level and the population potential as assessed by the planners in pursuit of the decongestion concept. The high prevailing FSI in the Island city was reduced in the late seventies to 1.33, while it was fixed at 1 for the suburbs, and 0.75 and 0.5 for certain areas in the M, N, P (North) and R wards. Now since the situation is changed the...

Finance Minister Pranab Mukherjee  rolled back the proposed 1% tax deduction at source (TDS) on transfer of immovable property. The Finance Bill had proposed that “every transferee of immovable property (other than agricultural land), at the time of making payment for transfer of the property, shall deduct tax at the rate of 1% of such sum”. The proposal would have increased the compliance burden on the part of the buyer, who would have had to deduct the amount and then submit it with the tax authorities. “This would have created a bottleneck for the buyer and increased the complexity of a property transaction,” said Samarjit Singh, managing director of Delhi-based property broking firm IndiaHomes. The buyer was required to provide personal details, details about the property and the seller in the tax deduction form. Experts say that the 1% TDS at the time of the transaction was also a way for the government to collect more information on the value of property transactions...

As anyone who just moved into their own house will know — it is a wonderful feeling to step into a freshly painted and furnished brand new home! Owning and moving into a new home can be a very fulfilling moment! Of course, most of the brand new home owners will also not forget the flip side of this nice feeling - the first three months and the new strain on finances in the form of the EMI! Although most people realise that this EMI amount will be taken away from one's account every month, some can end up making terrible blunders like covering monthly expenses quickly before the bank dips into the account for a big chunk of EMI. This can lead to a cheque or ECS bounce early in the tenure! To avoid this it is best to understand when salary credit happens and time the EMI withdrawal accordingly! An oft repeated grumble in such situations is of course the wish that one should have started saving more! Most households these days belong to the double income category and when y...