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Posts Tagged ‘real estate’

Which is an ideal place to invest in – Mumbai or Pune?

09.30.2015 · Posted in Real estate

Mumbai – the Financial Capital of India, and Pune – the country’s educational hub, are two of the biggest cities in Maharashtra which seem to be booming with realty. While both cities are more than just favorable to live in, one has to keep in mind many variables before deciding which one to invest in. ...

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Hidden Costs Related to Purchasing Property in India

09.08.2015 · Posted in Real estate

Are you planning to buy property in any part of India? We congratulate you on making such a wise investment decision. The land and building value in most parts of the country have been consistent or slowly increasing over the last few years. Moreover, it is a great asset to have a land or a house in your name. The best part of purchasing land or property in India is that you automatically gain the respect of your relatives and peers. It is well established that in our country, we feel that a person is well settled if he or she has a reliable salaried job and a house to call one’s own. When you are purchasing land, you will probably check out the property value in that locality and then choose a locality that meets all your requirements. Stop before you go any further into the negotiations and take a minute to think of the hidden costs. Are you wondering about the hidden costs related to purchasing property in India? We will elaborate it for you. Stamp Duty After you’ve decided to purchase property, you will start on the paper work. The required documents for the transfer of the property title deed should be prepared. The stamp duty should be paid by the buyer. The stamp duty amount can be anywhere between 4 to 8% of the property value. In some states, this stamp duty fees is reduced for first time buyers and for women purchasers. So, if you want to save some money here, you can register jointly with your wife or mother. It is because you will be able to avail this reduction even if a woman is a joint owner. Registration Fee This fee should be paid by the buyer at the land registration office. The fee amount is generally 1% of the total land/property value. Lawyer’s Fee Purchasing a property is a long-time affair and requires verification of many documents. You should consult a good lawyer who will check the Encumbrance Certificate (EC), title deed, land documents, sale deed, corporation/municipality/panchayat approval and other related documents. You will also require a legal opinion from the lawyer if you want to approach the bank for a loan for the property. The lawyer fees will surely be a huge expense on the buyer’s side. Brokers Commission If you’ve moved for the property acquisition through a broker, then you will also have to give him/her some commission. The amount is usually 2% of the property value. Both the buyer and the seller offer this percentage to the broker. From helping in negotiations to making arrangements with the registration office, the broker will take care of all the processes involved in the entire transaction. Unexplained Expenses There will be a lot of unexplained expenses and under the table payments when it comes to purchasing property. You will be expected to “wine and dine” officials involved in the process or give them “gifts”. Though we are trying to reach a corruption-free state in our country, till we reach there, this is one unaccounted expense you will have to deal with. Shamsudeenl writes on behalf of indiaproperty.com, leading portal for property deals. real est ...

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Real Estate Market of Lucknow sees 50% decline

09.23.2013 · Posted in Property, Real estate

LUCKNOW: City’s Real Estate market has started assuming signs of panic with returns on properties disapprove to less than 20 percent in 2012 and the trend continuing in 2013. Almost all bigger and renowned real estate companies in Lucknow which had invested in the city have accomplished more than 50 percent decline in sales last ...

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Tips on Making the Tough Choice of Property Investment

09.12.2013 · Posted in Real estate

Is it that you are saving since ages to accomplish your dream of having a property, but it still seems unachievable? The reason could be the sky rocketing property rates in an ever booming real estate sector; not finding the right location or probably numerous legal complications. Believe it or not, but you actually need ...

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LICA Management

09.10.2013 · Posted in Automotive, cars

LICA Management Inc. LICA is a business group based in Manila, Philippines that has been doing business for 50 years. Our core businesses are in Automotive, Real Estate and Hospitality, Financial Services, and Information Technology. From our roots in CALABARZON-based real estate, sugar plantations, and banking, LICA has grown to be one of the leading ...

Everything You Need To Know About Buying Real Estate

05.04.2013 · Posted in Real estate

Treat real estate like any other investment technique: buy low and sell high. This maximizes your return on investment while minimizing your risk. Home ownership is one of the best investments you can make, as it allows you to build equity in something that everyone needs anyway, a place to live. The neighborhood beyond the ...

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Rochester, MN Housing Market – April 2013

04.16.2013 · Posted in Real estate

Welcome to Rochester, MN!  It’s mid-April and our homes are frozen over thanks to Canada pouring a glass of ice-water down the back of our shirts.  One thing that is beginning to de-thaw is our housing market though.  Man, what a difference from last year.  I’ll present you with some year-over-year statistics of our Rochester ...

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