Being ranked as the one of the top three fastest growing areas of the Indian economy, the Indian property market sees new heights almost every day. Though this growth is seen as demand driven by many, government policies and Foreign Direct Investment also play major roles in this growth. Without the money coming in from foreign institutions and the generous policies of the Indian government which led to the recent boom in real estate, the Indian property market would still be in shambles.

This boom in the real estate market has started only recently, in the last ten years. This is mainly due to the growth in demand for both commercial as well as residential properties. This is mainly because of the nature of the Indian property market. It is almost wholly controlled by the end customers. Many reputed builders like the Lodha group, the Raheja Group and others invested in providing the best in class properties with every amenity that the human mind would desire.

Another reason for this tremendous growth is the change in real estate policy and the interest rate reductions which were brought about by the NDA government in the year 2001. When the government cut down the interest rates to a then phenomenal figure of 7.5%, the market literally went into overdrive. Demand saw an increase and so did supply. Many people thought of buying homes for themselves as well as an investment option.  Housing redevelopment schemes which were initiated by many builders was seen leading the sudden surge in the Indian Property Market.

Today, even the government invests in creating better real estate. With a growing number of slum rehabilitation schemes, the market is set to see double digit growth for at least the next twenty five years. Every few years the government announces new properties for sale through housing boards. And this adds to the investment prospects of the Indian property market.

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The numbers of options for investing in the Indian property market are virtually countless today. Everywhere in the country, be it metros, two tier towns or three tier towns, real estate is one sector that’s booming everywhere. As per current estimates, the Indian property market will grow at a steady speed of thirty percent per annum. This growth will be more due to the residential properties as compared to commercial estates. Also, one important factor over here is that the commercial high rises will rake in more money than the residential entities as the demand for commercial properties is rising faster than the residential ones. The Indian property market today boasts of a very wide range of products and has something for every income group and every utility, irrespective of whether it is commercial or residential.

Today, as the prices in metropolitan cities have sky-rocketed, many people have started investing smaller towns which are seeing a sudden surge in commercial properties and even shopping malls and residential entities. Towns such as Mohali, Chandigarh, Ahmedabad Surat, Hoogli etc are witnessing large scale developments in each and every sector of the real estate development.

Speaking of metros and satellite townships, though high end properties like NCR in Delhi, Lavassa and Sahara’s Amby Valley in Maharashtra have dominated the scene, it is only fair to give some attention to the development happening within the cities. Mumbai’s suburbs have seen more malls develop in the last five years than the entire country has seen in fifteen. So has Greater Noida in Delhi. Hyderabad’s High-Tech City is an infrastructural marvel as is Bangalore’s Silicon Valley.

All in all, investing in the Indian property market is one of the safest bets today. Even when the economic recession had struck the entire world and almost shattered the real estate markets in many developed nations the Indian market was still going strong.

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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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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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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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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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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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To have roof over the head, one does not have to own a property in India; or rather one does not have to buy it outright. There is a midway that a major share of people, today, are adopting. Renting is the easier and cheaper way of living with dignity and security. When renting a property one will not be given the rights of ownership and cannot actively participate is society decisions, unless the landlord legally hands over such rights.

The tenant occupies the property legally for a given period of time.
Renting a property is a two way benefit. The one who owns the premises gets a payment for someone residing in his property, while the one who pays the rent gets a place to occupy and live in. Some landlords, actually allow the tenant certain additional ownership rights such as placing the name board on the main door and removing the actual owner’s name.

Earlier renting of property was based on mutual understanding. There were no legal formalities or paperwork involved. But with the increase in this trend, and a lot of owners being cheated off their own investment, there have been some laws and rules established by the Government.

There is a legal agreement made between the owner of the property and the person to whom it is being leased. All the terms and conditions like the amount to be paid by the leaser, the handling of the property, maintenance of the property, liabilities, security deposit etc are pre decided and mentioned in the agreement. Both the parties need to sign it in front of witnesses and a copy of it has to be given to the local police station.

In cities where societies are formed, the tenant is approved of by the society management and the secretary of the society. A copy of the agreement may also reside with the secretary or president of the society. The person who would occupy the property has to abide by the rules and regulations of the society and maintain healthy living conditions around.

For commercial renting of property like land for some industry or shop or showroom, the procedure is the same. All the terms and conditions are mentioned on a stamp paper signed by both the parties in presence of two or more witnesses. The terms of payment of the rent is also decided and is not variable unless mentioned in the contract.

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Selling of properties in India

If too much buying of property is being observed then it naturally implies that too much selling is also going on. The whole idea of investment in property revolves around the fact of selling the property. After all, one can get the benefit of a property only by selling it.

For selling property in India, the job is easy. The very fact that so many people have now realized the potential of this industry has given a major boost to the buying of property. Since there are whole lot of buyers around, one would not realize when a property got sold.

For selling property, study of the market trends and a close look at the prevailing rates is necessary to get the best out of the property. Haste in selling may result in depreciating the value of the property sold and a good amount of profit to the buyer. The background of the buyer is to be known to make sure that the property is going in the right hands and safety of future.

Transactions of property involve a lot of legal formalities and paperwork and therefore utmost care is required during all the steps of selling.

Complete and legal paperwork ensures hassle free passage of the property from the seller to the buyer. Since the paperwork is kept in records by the government, authentic information is to be given in the paperwork. Consulting a good lawyer before selling the property to a person or organization is a very good and sensible idea.

A very important aspect of property related transactions is involvement of grey money or cash money. Not every bit of money needs to be shown on papers. The registrar who does the registry of the property might ask for some amount. A lot of care is to be taken in handling cash transactions in order to avoid legal issues or other personal inconveniences.

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Buying property in India

India is a vast country with diversity in culture, people and attitude towards almost everything. Every part of the nation has a specific trend towards property. Some places consider property as religious and God gifted, while many others look at it with an investment point of view.
The main idea being ‘buy property in India’ is not at all a bad one. In fact, due to this boom in the property market in the country, new people and new cultures are establishing in various areas. When more and more people are investing in property, a large amount of money is constantly rotating in the name of property. And this is a positive trend.

To buy property in India, one needs know the trend of the market of the place being considered. One also needs to be sure on the purpose of the purchase…

- Residential property or commercial?
- Purpose of the property?
- Plot of house or flat?
- Which area of the city?
- What size?
- From the government or builder or on resale?

All these questions should be well considered and contemplated; because money invested here is not like going to a mall and picking up a shirt. The rates of property in the country, are fluctuating rampantly. In fact, in Pune, the upward swing seems to be happening on a monthly basis, with some construction appreciating by Rs. 10 to Rs. 50, per square foot, almost every fortnight.

The market is so volatile that the recorded rates need to be re-written ever so often. Most publications in fact find it difficult tracking the dates, especially the monthly magazines. And this positive trend is something that is expected to continue for approximately the next two decades.

All said and done, for investment purposes, property can be safely regarded as the wisest form of investment. But for people with limited resources, it is a property only to cover the head. If one is looking for a place to live or open a shop or showroom, getting it financed is a smart option. It is helpful, easy as well as saves a lot from the income tax department.

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