Not every piece of land is meant is meant for construction of a house, or a shop, or any other structure, for that matter. Not every bungalow or house is meant to be lived in. There is one range of property that is purely purchased or invested into for future benefits.

The trend of property investment seems to be increasing, as according to the experts for at least the next twenty years, the country will continue to experience appreciaition, with maybe a few corrective phases of an on when prices maybe on a downslide. Otherwise its all on an upward swing.
In fact, cities and towns like Pune, Nagpur, Lucknow, amongst numerous others are seeing a well-paced and positive property trend. An increasing number of people are opting for purchasing property in the developing cities, where there is large scale construction happening, as corporate and IT companies set their base there.

However, whether one lives or uses the property, every purchase is an investment. After all it is a fixed asset that would give you returns in case you ever need to sell it. Just like gold, property is also a wise investment; and any kind of property is not a waste. If used properly, it will give far more than your expenditure on it.

For example, in Lucknow, plotting is a flourishing business. If one buys a plot, then he has two options. Either to build a house or sell it after some time. Selling the plot can give the buyer up to 150% of the initial cost. Building a magnificent house is not too bad an idea. However, according to the experts, the value of a house tends to depreciate with time, while the price of plots keep touching new heights.

On the other hand in Mumbai, the rate of flats increase everyday. One flat in Mumbai is worth land of triple area space in Lucknow, or other small cities. Since there are no plots available in Mumbai flats are the only option. And no flat, in any condition, gives a loss to the seller.
To put it short and straight, investment in property in India is never a bad idea. With the rates going up and more and more people buying property, the future is visible, like never before.

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India Properties

India has around 32,87,590 sq. kilometer of land. Its population is around 1.1 billion, covering around one sixth of the population of the world. Now going by these statistics, every man cannot own property of his own. So, it is but obvious that that the property in India is unevenly distributed.
Some people have acres of land, while some don’t even have place to sleep. Some have numerous flats in one city, while some don’t have a foot of land to call their own in the whole country. With such a trend, the importance of property and its role in the society is heightened.

People have mainly two kinds of property in India: First is what they have inherited from their ancestors, while the other is what they buy themselves from their own income. They value the latter more than the former. However, at some places a vice versa situation can also be seen, especially in northern India.

Property can be anything from a piece of land to a bungalow to a small row house to a flat. It can be residential or it can be commercial like shops, showrooms, etc. Each of them has its set of regulations set by the government, and has to be adhered to.

There is urban land in the form of plots or Government built row houses of various standard sizes or flats; and there is rural land comprising of cultivable land like farms and gardens. The Government has been buying land from the rural area and converting it to urban zones by building roads, plots, houses, shops, etc.

The rates of property are extremely high in the urban areas, especially the big cities. The smaller the city, the lower the rate. In cities like Delhi, Mumbai, Kolkata, Chennai, Bangalore, Ahmedabad record the highest rates, due to shortage of land. Cities like Lucknow, Bhopal, Pune are the newly developing cities where the property business is flourishing.

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With increasing importance on how to strike a right deal and avail the best in property. Property buyers seek the help of a broker. He is one who has in-depth knowledge of the property in his vicinity. Not only does he know the basis but also the laws on the property, tax criteria and other utilities that will benefit his client.

A broker is the focal point of sellers, buyers, agents and brokerage. Agent is one who provides his service to a licensed broker and is paid according to his input.

A broker is expected to foresee his clients need. For instance if the client is asking for a 2-bedroom flat then the broker should understand if he is actually looking out for a 3 bedroom as the concept of work from home is getting popular. Or if the budget can find the client a 3 bedroom with smaller area. Either way the client should be satisfied. The broker should also realize that if the buyer were a young couple, then a school or playschool, in the vicinity would be preferable.

These are the genuine brokers unlike a few that only enter to introduce the buyer and the seller then disappear only to return for the brokerage when the deal is made final. Normally 2% is the charge on a total amount that is to be paid as brokerage. If it is on lease then a 2-month rental amount is agreed as brokerage. However it can differ with the length of stay.

Anyone and everyone can become a real estate broker. This makes the sector extremely disorganized. But increasing importance on real estate has led to organizing the sector. However with the Estate Agents Associations of India organizing themselves a slow change is now noticeable. Also the anointing of multi-national brokery companies has brought more organization in this sector.

Traditionally retired individuals were known to enter this field due to flexible working time. But as the sector has gotten organized more and more professionalism is demanded making it critical for any person to enter anytime.

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Property consultancy India

Not able to decide which property to opt for? Confused? Not able to find a person who can give expert advice on property? Well such problems are easily solved, thanks to the professionalism that has entered the property industry.

Consultancy in real estate services consists of people who have experience in all property related matters; the knowledge about the legalities, price fluctuations, buying-selling options, etc. They offer expert advice on matters of residential and commercial properties, as well as investments in the plots of land. Most of them regularly upgrade their knowledge on every piece of information about the statistics and other developments in their industry.

They can be consulted before buying or selling property. They are able to give tips about the price trends and probable development expectations. They charge fees for their services, which is generally a small percentage of the value of the property.

However, the consultancy fees can be rather high depending upon the name and status of the consultancy service and its location. The bigger the consultant firm, the better advice it provides.

They provide more services than just consultancy. Some have an inbuilt estate agency. Such services can be a solution to all issues. One may be able to find everything from good property deals to expert advice under one roof.

One still needs to be careful while choosing the consultancy service for advice and following that advice. If not careful, then some consultancy services can take the customer for a ride. One should know that not every piece of advice is meant to be followed.

Property consultancy India is an industry growing in developing areas where more and more people are dealing with property. In fact, today, the consultants are also called ‘property pundits’ in India, because it is only with their expert guidance that one can rest assured that they are on the right track.

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Obtaining real estate listings is quite a task. Real estate agents spend hours and are known to sit late evenings obtaining listings. They collect date from the internet, newspapers, magazines and any other source that can provide them with any information. They tabulate the data and store it in their computer to reproduce whenever they need to display it to the client.

They even collect data on the last sold price of an area and the current price. This gives them a fair idea of the competitive price the area is worth. Merely obtaining listing is not sufficient. One has to know which listing will interest the client and suit his budget.

Sometimes the listing available with the realtor is not sufficient. He then has to network with the other realtors to give his client a better variety and narrow down on one property. This networking is time consuming and replying to the deluge of questionnaires that arise from this is another painstaking task.

To simplify the listing process a few software modules have been prepared. The first is based on geographical designs. Where the clients can zoom in and out of the property map revealing the geographic locations of the property. Another module displays the search for nearby facilities like schools, colleges, clinics, hospitals, banks and more. New modules that display locations according to client’s budget and area required have also been created.

These are a few of the many modules that help real estate agents in their critical task of listing. New websites are created that let clients check the listings remaining anonymous. Making them sign-up only if they need any details. This helps estate agents to build a wider profile for prospective customers.

Thus with new-age technology the listing burden has reduced substantially but it is not totally subtracted. Modern technology has enabled listing to provide prospective buyers to view maps of the property, its vicinity, amenities, cultural background and many more details.

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property developers in India

Green Field Real Estate: #35/IA, Airport- Whitefield road, Marathali, Bangalore. Tel: +91-80-28524301

Jain Estates: A-21, 2nd Floor, Green Park Main, Aurobindo Marg, New Delhi. Tel: 91-011-41444000

Shubh Laabh Pvt. Ltd.: 202, II Floor, Krishna Apra’s Alpha Plaza, Greater Noida. Tel: 91-0120-9811044894

Chesterton Meghraj Property Consultants: No. 5, 8th Floor, Jhaver Plaza Building, 1-A, Nungambakkam High Road, Chennai. Tel: 91-44-28311562

Sharan Builders and Developers: 112 – 113, Mittal Tower, `B’ Wing, 11th Floor, Nariman Point, Mumbai. Tel: 91-22-22041172

C Lal Property Consultants: Lal Chowk, Govindpuri, New Delhi. Tel: 91-11-26445656

S I Property Development: No.-76, Velachery Road, Guindy, Chennai. Tel: 91-44-22300790

Property Solutions: Manikjiwadia Building, 1st floor, 127 – M.G. Road, Manik Motwani Marg, Fort, Mumbai. Tel: 91-22-22633188

Behl and Sons: K1 / 135, Near Nehru Apartments, Main Road, Chittaranjan Park, New Delhi. Tel: 91-11-26446481, 26448550

Royale Builders and Developers: No:-4406, High Point 4, 45, Palace Road, Bangalore. Tel: 91-80-22262063

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Rental property is gaining momentum. Both as a landlord and as a tenant. Buying property and renting it has become quite a bit of investment. Landlords are everywhere in England and many have built their portfolio that have turned themselves into a millionaires. Soon this fad will touch the Indian shores as renting is gaining ground.

Some individuals perceive that that the pension they will receive will not satisfy their lifestyle. They consider property because as an investment it will give stable returns. While the share market is highly volatile and property is safe. And with increasing valuations on property the returns too keep increasing.

However simple and easy this may sound it is equivalently complex. Maintaining your property is very important. Over the years if your property is not maintained and is not all that polished the buyers will tend to look the other side. One could also need agents to manage the lettings of your plot. But with around 15% of charges on your annual rent income it would be advisable to learn to do-it-yourself.

Taking up rental property as a tenant is gaining popularity due to a number of reasons. First as jobs are getting contract oriented, individuals do not want to find themselves in a lock-in property soup. Also increase in divorce rates, emigration of students and more contribute to single person accommodation on rental basis.

Picking up a plot to rent is a crucial decision. You have to know which property and where. Up-coming areas will be common. Hence you should inquire about the community and transportation amenities. Buying a plot in some remote area may not add to a profitable portfolio.

Some people even show interest in buy-to-rent commercial property. Although it is riskier it is equally profitable. But for a commercial area you should thoroughly inquire about all the details of transportation, office settings and neighbouring settings. If they are conducive to commercial growth then go ahead and purchase.

However with all the advantages of buy-to-let it has a few disadvantages too. Sometimes tenants can falter in payments or fall in debts and unable to pay another penny. Or sometimes there is a period where the property is not let out yet it is incurring standard expenses. And it is not easily disposable like shares and other investments. It can take a long time. Thus if you need money to realize quickly then property is not a good investment.

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Insurance of properties in India

Insurance becomes an important aspect of owning a property. It provides financial security; a financial backup to the investment.

There are numerous Indian insurance companies offering insurance policies for property. One needs to know what one wants in order to get the best policy. To buy a policy one should consider:

- Is the policy worth the property?
- What are the clauses of the insurance, is it a safe deal?
- What has been the history of the insurance company?
- What are the formalities to be done to file a claim?
- How long does it take to release the payment?
- Will that be enough to compensate?
- What is the schedule of the payment of the premium?
- Is the premium amount affordable?

If these questions are answered satisfactorily, then one can think of buying an insurance policy. However, the most important factor that one should consider that one has to pay the premium on time and fully to avail all the benefits of the policy.

There are some policies that need complete payment of a number of premiums before any claim can be filed while some other companies can avail a claim even on payment of lesser premiums. The latter type should be preferred. A common clause of insurance is that no claim can be filed within six months of buying the policy.

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Bringing your dream home to life can be quite demanding. You will need to find a home that best suites you. For this you have to entail a short survey of properties, estate agents or walk into property exhibitions.

Property and architecture exhibitions are increasing in number. Backed by banks sponsoring the event organizing property exhibitions has become a more common activity.

In 2004 itself there were many property exhibitions held. These exhibitions focus on middle class and the upper segment. These exhibitions not only focus on residential property but also focus on commercial property.

House buyers will be given immediate discounts for spot bookings. Moreover customers will also be taken to the site by vehicles to allow the client to check the house thoroughly if he needs to purchase it. To quicken the process banks like ICCI, HDFC offer special interest rates if the loan is taken on the spot.

Property exhibitions In India’s construction of today classify the buyers by putting up stalls at different locations in Mumbai. They set up various counters in the city segregating the town from the suburbs. Thus letting people in the suburbs from Andheri to Borivali select homes in that vicinity. Hence for the suburbs say a stall is set-up at Goregaon. Similarly a counter set-up at Sion will cater to individuals between Dombivali and Mulund. This helps segregating the area and reducing the chaos of gathering only at one location.

The concept of a genre of individuals living together in one township is emerging. For instance those in the IT have a selected society of buildings. Similarly for advertising professionals and senior citizens and so on. This concept has already set pace in Pune. A few professionals when interviewed on this new concept said they preferred this type of township “Where you are among your own. You feel content.”

With new concepts emerging builders are getting style conscious, new designs with safety and security measures are more in demand. With so much variety around you, you need to give it a serious thought. Once you make your decision just flow with it with a prudent mind.

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Residential properties in India

A major share of property in India belongs to the category termed as residential. Residential properties, as the name suggests, refers to property used for residing by anyone. It means the property is meant to be resided in and not used for any other purpose like business.

Everyone has a dream, the dream of owning a magnificent house with lawn in front of it, a big gate, a couple of cars and drivers in the garage, two chairs with a table and umbrella in the garden to have tea in the morning. However, few are actually able to live this dream. Others have smaller houses.

Residential property includes those plots, which one can use to build a house or bungalow, an already built house ready for possession in semi-finished or finished state or a flat in urban areas. These can be bought from the Government or from private builders or estate agents.

To buy a particular residential property, one needs to take care of these points before buying :

- The location of the property is extremely important as it decides the value and price of the property. If it is near some mall or such an important venue, the price would be high.
- The facilities around the property like shops, doctors, mechanics etc.
- The facilities at the property like electricity, water, telephone, gas etc.
- The security of the place.
- If it is a built house or flat then the build quality

Haste in buying a residence should be avoided, because it is meant for staying of family and nothing is more valuable than the happiness and satisfaction of the family. In buying the property, everyone’s opinion in the family should be strongly considered before taking any decision.

Legal formalities and the supportive documentation of the property should also be thoroughly scrutinized as it should not be an illegal property with disputes. The area of the property should be measured and should be exactly what is mentioned in the documentation.
property insurance India

Consider this: Mr. X buys a property as land of 1250 sq. feet in a crème de la crème location in the city investing all his life long savings. He builds a beautiful house there for his son and wife to stay there. One fine day when they return from a party they find the house is on fire.

The above incident is just to show that there is no guarantee of things in this world. But there are people who are ready to take the guarantee of things one buys for a nominal payment. These are insurance companies. They insure a particular property for any unlikely events.

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