Impact of Budget on Real Estate

The Budget 2013 is very disappointing for real estate sector. There will be negative impact of budget on real estate. Though Real Estate is in bad shape as of now and was expecting much more from Budget 2013 but there is no effort from FM to revive and boost the sector. I am listing down impact of Budget on Real Estate sector. 1. TDS @ 1% on all Property transactions above 50 Lacs: This proposal was made in last year's budget also but later rolled back due to strong opposition. The objective behind Continue Reading

SAMPLE FLAT – Trap from Builder

One of the most beautiful trap laid down by the builder is SAMPLE FLAT. Human beings have 5 senses and all our decisions are dependent on 5 senses. While purchasing a under construction flat we completely rely on Sample Flat to decide. I would rather term Sample Flat as a Mirage or a beautiful deception. I will never recommend to finalize a under construction property based on deceptive Sample flat. Trust me you will never get a flat even 60% of Sample flat becoz of following reasons 1. Highly Continue Reading

How to Increase Resale Value of Home?

Selling a house is very emotional decision until & unless you have bought the same for investment purpose. 1st thing which comes to mind is How to Increase Resale Value of Home? I will share some tips & tricks which can help u to increase resale value of home by 20%-25% 1. Vacate the house before sale: Yes, you read it right. This is biggest mistake many people make that they put occupied house for Sale. The reason is occupied house looks 30%-40% smaller compared to vacant house. Secondly, Continue Reading

Endless Wait for Property Prices to Fall !!!

The Endless Wait for Property Prices to Fall will never end. From my childhood days, i kept reading in Newspapers that every Middle Class Indian aspire for "Roti, Kapda aur Makaan" and wait for Property Prices to Fall. Today, i would like to modify this slogan to "Job, Gold aur Makaan". Out of 3, "Makaan" is still a common factor & an illusive aspiration for Indian Middle Class. Fight for Roti and Kapda is over for Indian Middle Class and no longer aspiration becoz its very well within the Continue Reading

Real Estate – A Serious Business for Income Generation

Last weekend, one of my friend invited me for Dinner and during course of informal chat, he informed me that he has aspiration to start his own business....Its not only this gentlemen but there are whole lot of executives who would like to quit their job becoz of uncertain economic environment & are seriously considering to try their luck in entrepreneurial skills. These people are looking for some great project for investment. Though its easy to say but to start own business is also very difficult Continue Reading

Bank Auctions – The Cheaper & Smarter Way to Buy Your Dream House

Currently Economy is going through very Bad Phase...High EMI's, No Salary Hike & Fear of Job Loss are giving jitters to majority of Salaried Class...By the way, i am also part of this Stressed, Depressed but still well Dressed lot :) but fortunately things are still not that bad for many. Every phase is blessing in disguise for some irrespective its Good or Bad, i mean Bad phase is also beneficial or profitable for some lucky ones...Why, i will explain...In this uncertain environment, Specially Continue Reading

10 Things You Must Do Immediately After Buying a House

After buying a house, we tend to relax and think that we have completed entire process..Unfortunately we are wrong and there is a lot need to be done after buying a house, infact it is as hectic as buying a house..I am listing down 10 Things You Must Do Immediately After Buying a House which are very critical & should be completed as fast as possible. 1. Storage of Property Documents: Immediately after buying a house or land, you should make atleast 2-3 set of photocopy of all documents related Continue Reading

5 Reasons why you should not hire Property Management Services?

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 Continue Reading

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 Continue Reading

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 Continue Reading