Process of Home Loan sanction in India | Realtytree.in Experts

Housing Loan

Process of Home Loan sanction in India | Realtytree.in Experts

Unknown   13:15

Buying a house needs a lot of planning such as deciding the location of the house, arranging funds, etc. Once the house that you plan to buy has been finalized, you need to ensure that you have sufficient amount of funds to be paid to the seller of the house.

• Home loan is a term used for property buyers, investors, real estate experts and real estate professionals.
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• Before filing for a home loan it is very important to know about the market thoroughly. Once the documents are submitted, a home loan is sanctioned after going through a lot of parameters.
• The bank will evaluate the loan application and then decide whether to pass the loan or not.
• The bank checks all the information including your residential address, your employment details, and your personal details, etc. If the bank is not convinced about your credentials, then your application can be rejected and if they are satisfied then they sanction your loan.
• Once the bank has gone through all the checks and formalities and the loan has been sanctioned, the bank sends you an offer letter mentioning the details of your home loan.If acquiring home loan is not planned well then it can be a very intimidating and laborious task.  
  

Can a will be written on a Rs. 5 stamp paper?

real estate news

Can a will be written on a Rs. 5 stamp paper?

Unknown   11:31

My father died recently leaving behind a will. The will is written on an Rs 5 stamp paper and is duly signed by my father. The will has both the signature as well as thumb expression of my father but it is not registered. I want to know if a will written on an Rs 5 stamp paper can be considered as a valid will?

- Sameer Gupta

It is not mandatory to register a will as per the Indian Registration Act, 1908. An unregistered will is a valid legal instrument if it has been duly executed as per the requirements under Indian Succession Act, 1925.I own a plot of residential land on which I have constructed three units on different floors. I have retained the ground floor and am planning to sell the other two units. Now, the buyer of one of the units is insisting on keeping the original sale deed which was executed in my favor by the previous owner for the whole plot of land. Can he do so?

– Vibhuti Taneja

Since you (being the seller) have retained a part of the property you are entitled to retain the documents of title relating to the property.We are a Hindu family and my father is an adopted child of my grandparents. My father inherited property from my grandfather (self-acquired property) by virtue of my grandfather’s will. My father often threatens to will the property to his relatives and not to my mother, me or my sisters. Can my father legally do that?

- Gautam Tripathi

As your father is the absolute owner of the property in question, he is well within his right to deal with the property in any manner he deems fit and proper.I have a house on a plot of land measuring 300 square yards in Greater Kailash, New Delhi. I want to reconstruct a new residential building on it with a stilt area, ground floor, first floor and second floor. Can you guide me on the maximum permissible FAR in Delhi with respect to the same? Also, please clarify whether the stilt area would be included in the FAR or not?

- Harsh Sharma

As per the norms laid out in the Master Plan for Delhi 2021, maximum permissible FAR for a residential plot having an area of 300 square meters is 225. If the building is constructed with stilt area of non-habitable height (less than 2.4m) and used for parking, such stilt area shall not be included in FAR. However, though such stilt area is not included in FAR but it would be factored in to calculate the height of the building. 

Taken from: Hindustan Times | Image Source:(iStock)

Hyderabad – Perfect Place to Invest

Real Estate Investment

Hyderabad – Perfect Place to Invest

Unknown   17:06

It is a perfect destination for an astute traveler Hyderabad provides an enriching experience with a blend of enthralling structural masterpieces and rich cultural heritage. Hyderabad is the sixth largest city in India. Hyderabad is known as the lion city. Hyderabad city is known for its rich history, food and its multi lingual culture, both geographically and culturally. The original city of Hyderabad was founded on the banks of river Musi. Hyderabad offers a variety of tourist attractions ranging from Heritage monuments, lakes and parks, gardens and resorts to delectable cuisine and a delightful shopping experience. What makes Hyderabad such a special destination is its cultural mix of people. With this mixture of people, Hyderabad is also a mixture of religions. Hyderabad has a well founded reputation as one of the safest cities in the world. Hyderabad is one of the most developed cities in India.

 Hyderabad has witnessed a remarkable growth in the real estate business. Hyderabad is the financial and economic capital of the state. The property market in Hyderabad is concentrated along IT corridors like Hi-Tech city, etc. All categories of housing have been active in the city be it multi-storey apartments, houses and villas. Infrastructure development like the International Airport, completion of the Outer Ring Road, about 30 radial roads, metro, procurement of water from Krishna and Godavari rivers, etc are all attracting global MNCs and investors to start their operations in Hyderabad. The city has witnessed second highest occupancy of IT spaces in India during the last one year. 

 Hyderabad now competes with Bangalore and Chennai. Real Estate in Hyderabad is thriving and is also considered as one of the most attractive real estate opportunities in the world. 

 Hyderabad city has broad range of real estate projects to choose from, with spectacular and unique features employed. Whether you are looking for residential accommodation or commercial property, Hyderabad city has everything for us. When it comes to investing in Hyderabad real estate, the craze is not confined to limited areas, but has shifted to the outskirts of the city. Hyderabad has become a leading attraction for the global market. Hyderabad has an array of properties.  Hyderabad city is considered as the number one city to invest in freehold property. Quality of life in Hyderabad is extremely high as it is a home to some of the finest leisure facilities in the world. Real estate sales in Hyderabad continue to grow in bounds. Hyderabad real estate is a home to a number of incredible properties. Hyderabad properties vary from plots, flats, apartments, independent homes, office and commercial space to beautiful and luxurious villas.

Commercial Real Estate Market in India

real estate

Commercial Real Estate Market in India

Unknown   12:47

Any type of property, whether it's commercial or residential, can be a good investment opportunity. For your money, commercial properties typically offer more financial reward than residential properties, but there are more risks in this. Developing commercial real estate is a challenging business endeavor that requires not only a significant financial investment but also a sound understanding. The best reason to invest in commercial over residential rentals is the earning potential.

 The property that is solely used for business purpose is known as commercial property. Commercial properties include malls, office parks, restaurants, gas stations, office towers and much more. Commercial real estate is one of the three primary types of real estate. The businesses that occupy commercial real estate usually lease the space. One of the biggest advantages of commercial real estate is the attractive leasing rates. In areas where the amount of new construction is either limited by land or law, commercial real estate can have impressive returns and considerable monthly cash flow. Commercial real estate also benefits from comparably longer lease contracts. Acquiring a commercial property typically requires more capital up front than acquiring a residential rental in the same area. Once you've acquired a commercial property, we can expect some large capital expenditures to follow.

Investing in commercial real estate often requires a considerable amount of start up capital, forethought, research, planning and extensive knowledge. Strengthening real estate market in terms of demand and prices has made investment in commercial real estate a very lucrative option. It is the right time to invest in commercial real estate as the capital costs are still low. The income that a piece of commercial real estate produces is directly related to its usable square footage.

Commercial real estate offers a good investment opportunity and the risks are minimal. Just like residential properties, it can be financially beneficial to own your own work space rather than rent it. Residential properties are valued based on comparable sales in the neighborhood. This influence doesn't directly apply when placing a market value on a commercial property. Rates for commercial property sales are determined based on how revenue is generated at that particular location, and then compared to that of similar commercial properties in the area.  Owning commercial property adds to your asset appreciation over time which helps in increasing the equity of your company.  Commercial real estate listings will, of course, be your most valuable source. Investing in commercial properties is a high risk reward type of real estate investing that will appeal to sophisticated investors looking for a challenge. Properties intended for commercial use have more public visitors and therefore have more people on the property each day.

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