As i mentioned in my previous articles that Indians go abroad, copy the concept & try to implement in India…Property Management Services (PMS) is again one such foreign concept…In metro cities, these firms are mushrooming in every nook and corner of the city. As usual these companies forgot to understand the basics behind this concept..You must be wondering what’s wrong with Property Management Services; I am listing down 5 reasons why u shud not hire Property Management Services 1. Subletting not allowed as per Law in many Indian States: In simple terms subletting means "To let or lease ... Read More
List of Documents Required for Property Purchase or Home Loan
At the time of purchasing your dream house, one of the major problem faced by almost all buyers is to collate information on List of Documents Required for Property Purchase or Home Loan...I also faced same issue and i did lot of research on internet but could not find reliable List of Documents Required for Property Purchase or Home Loan. Almost all articles mentioned just list of 6-7 documents like Sale deed, Sale agreement etc.which everyone knew but since its life time investment therefore it is necessary to know complete list....Even after compiling list another major challenges were to ... Read More
Resale Flat or Under Construction Flat – Which is better?
Biggest dilemma while purchasing a flat is whether to buy a Resale Flat or Under Construction Flat. These days a new trend has started, wherein most of the buyers prefer purchasing under construction flats…The reason for this shift is, Perception of buying under construction flat for cheap (Which is actually not the case)…Customer think that price of the property will not fall below Pre-Launch price but fact of the matter is Price is decided by Market Forces based on Supply & Demand…It does not make sense at all if the buyer is purchasing under construction flat by availing Home ... Read More
Dream Home Vs Gold – Productive Vs Non Productive asset
Indians are basically mad about or fond of following Four 1. Increasing Population (India’s population is proof of same) 2. Cricket 3. Movies 4. Last but not the least the craze for Gold (Simply check out qty of gold with few of ur frnds/relatives) Gold and Property are 2 most preferred investments mode for Indians with Gold being at No. 1 position…Most of the times, people are confused between Dream Home Vs Gold…Recently one of my friend asked same question to me which put me in confusion then after lot of research and analysis my conclusion is, though Gold act as potent tool/hedge ... Read More
Fair Value of Property – Pay the Right Price
Whenever we plan to buy a property, The biggest dilemma for a buyer is what is the Fair Value of Property? It is because of fear of paying more than the market price. There is no straight forward answer to resolve this dilemma. In fact, sometimes people postpone purchase decisions in anticipation of price correction. In other words, they wait for the fair value of property. I am tracking real estate sector of key markets from last 6 years but i have never seen instances of sharp price correction. In last few years, prices have softened and corrected by 10%-15%. I do agree that there can be ... Read More
Negotiate Property Deals – 9 Important Tips for a Buyer
To Negotiate Property Deals is the maiden topic that came to my mind under real estate category. The first step of all property transactions is "To negotiate property deals". Let me admit that "To negotiate property deals" is an art which cannot be taught completely. In my post on Property Negotiations - Avoid These 5 Mistakes i highlighted common mistakes that can be easily avoided while property negotiation. Some people have born negotiators and of course, no one can beat women in negotiation skills. It will be right to say that Women are the best in "Bargaining". There is a difference ... Read More
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