Be Hardcopy- Property Bus in India

8/2/2019 Be Hardcopy- Property Bus in India

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PROPERTYBUSSINESS

IN INDIA :REAL

ESTATE


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ACKNOWLEDGMENT

It gives us immense pleasure in acknowledging

the valuable and cooperative assistance extended to

us by the various individuals who have helped us

successfully in completing our project. First of all

we would like to thank Mumbai University for

giving us this opportunity to study the subject ofBUSSINESS ENVIRONMENT. We would like

to show our gratitude to Prof. Jenny for her

valuable assistance, encouragement and support on

the topic PROPERTY BUSSINESS IN

INDIA:REAL ESTATE. Lastly, we would like to

thank our parents, friends & colleagues who havesupported us during the making of this project. It is

the encouragement of these people that has made

us proceed towards achieving our goals.


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CONTENT DEFINITION AND MEANING OF PROPERTY GENERAL CHARACTERISTICS DEFN & MEANING OF REAL ESTATETYPES OF REAL

RESIDENTIAL & COMMERCIAL. SEZ BROKERS PROPERTY MANAGEMENT PROCESS OF SALE OF PROPERTY REAL ESTATE DEVELOPERS BUILDERS IN INDIA PLOTS IN INDIA REAL ESTATE IN INDIA LEGAL STRUCTURE HOUSE RENT OPTIONS FINANCE FDI, NRI INVESTMENTS


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DEFINITION & MEANING OFPROPERTY

Property is anyphysical orintangible entitythat is ownedby aperson or jointly by a group of persons. Depending on the nature ofthe property, an owner of property has the right toconsume, sell,rent, mortgage, transfer, exchangeor destroy their property,and/or to exclude others from doing these things. Property is

divided into two types: "real property" which is any interest in land,real estate, growing plants or the improvements on it, and"personal property" (sometimes called "personalty") which iseverything else. (physical possessions belonging to a person),Important widely-recognized types of property include:private property(any property that is not public property property,owned by legal persons or business entities. It may be under thecontrol of a single person or by a group of persons jointly),

public property(state owned or publicly owned i.e any propertythat is controlled by a state or by a whole community) In other

words "Public property," refers to ownership by a governmentalbody such as the federal, state, county or city governments or theiragencies (e.g. school or redevelopment districts) andintellectual property(exclusive rights over artistic creations,inventions, etc.), although the latter is not always as widelyrecognized or enforced. Atitle, or a right ofownership, is

associated with property that establishes the relation between thegoods/services and other persons, assuring the owner the right todispose of the property as they see fit.

Property is not a relationship between people and things, but arelationship between people with regard to things.
http://en.wikipedia.org/wiki/Physical_propertyhttp://en.wikipedia.org/wiki/Physical_propertyhttp://en.wikipedia.org/wiki/Intangiblehttp://en.wikipedia.org/wiki/Intangiblehttp://en.wikipedia.org/wiki/Entityhttp://en.wikipedia.org/wiki/Entityhttp://en.wikipedia.org/wiki/Ownershiphttp://en.wikipedia.org/wiki/Ownershiphttp://en.wikipedia.org/wiki/Personhttp://en.wikipedia.org/wiki/Grouphttp://en.wikipedia.org/wiki/Consumption_(economics)http://en.wikipedia.org/wiki/Consumption_(economics)http://en.wikipedia.org/wiki/Sellhttp://en.wikipedia.org/wiki/Rentinghttp://en.wikipedia.org/wiki/Mortgagehttp://en.wikipedia.org/wiki/Transferhttp://en.wikipedia.org/wiki/Exchangehttp://en.wikipedia.org/wiki/Exchangehttp://en.wikipedia.org/wiki/Private_propertyhttp://en.wikipedia.org/wiki/Private_propertyhttp://en.wikipedia.org/wiki/Public_propertyhttp://en.wikipedia.org/wiki/Public_propertyhttp://en.wikipedia.org/wiki/Intellectual_propertyhttp://en.wikipedia.org/wiki/Intellectual_propertyhttp://en.wikipedia.org/wiki/Title_(property)http://en.wikipedia.org/wiki/Righthttp://en.wikipedia.org/wiki/Ownershiphttp://en.wikipedia.org/wiki/Ownershiphttp://en.wikipedia.org/wiki/Righthttp://en.wikipedia.org/wiki/Title_(property)http://en.wikipedia.org/wiki/Intellectual_propertyhttp://en.wikipedia.org/wiki/Public_propertyhttp://en.wikipedia.org/wiki/Private_propertyhttp://en.wikipedia.org/wiki/Exchangehttp://en.wikipedia.org/wiki/Transferhttp://en.wikipedia.org/wiki/Mortgagehttp://en.wikipedia.org/wiki/Rentinghttp://en.wikipedia.org/wiki/Sellhttp://en.wikipedia.org/wiki/Consumption_(economics)http://en.wikipedia.org/wiki/Grouphttp://en.wikipedia.org/wiki/Personhttp://en.wikipedia.org/wiki/Ownershiphttp://en.wikipedia.org/wiki/Entityhttp://en.wikipedia.org/wiki/Intangiblehttp://en.wikipedia.org/wiki/Physical_property


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General characteristicsModern property rights are based on conceptions of

ownership and possession as belonging to legal persons, evenif the legal person is not a natural person. In most countries,corporations, for example, have legal rights similar to those ofcitizens. Therefore, the corporation is ajuristic personorartificial legal entity, under a concept that some refer to as"corporate personhood".

Not everyperson or entitywith an interest in a given piece ofproperty may be able to exercise all possible property rights.For example, as alesseeof a particular piece of property, youmay not sell the property, because a tenant is only inpossession and does not have title to transfer. Similarly, while

you are a lessee, the owner cannot use their right to excludeto keep you from the property, or, if they do, you may beentitled to stop paying rent or sue for access.

Further, property may be held in a number of forms, such asthroughjoint ownership, community property, soleownership or lease. These different types of ownership maycomplicate an owner's ability to exercise property rightsunilaterally. For example, if two people own a single piece ofland as joint tenants then, depending on the law in the

jurisdiction, each may have limited recourse for the actions ofthe other. For example, one of the owners might sell theirinterestin the property to a stranger whom the other owner

does not particularly like.

Legal systems have evolved to cover transactions and disputes thatarise over the possession, use, transfer, and disposal of property,most particularly involving contracts.
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DEFINITION &MEANING OF REALESTATE

Land, buildings, and things permanently attached to land andbuildings. Also calledrealtyor real estate.

1) all land, structures, firmly attached and integrated equipment(such as light fixtures or a well pump), anything growing on theland, and all "interests" in the property which may be the right tofuture ownership (remainder), right to occupy for a period of time(tenancy or life estate) the right to drill for oil, the right to get theproperty back (a reversion) if it is no longer used for its currentpurpose (such as use for a hospital, school or city hall), use ofairspace (condominium) or an easement across another's property.

Real property should be thought of as a group of rights like abundle of sticks which can be divided. It is distinguished from theother type of property, personal property, which is made up ofmovable items. 2) one of the principal areas of law like contracts,negligence, probate, family law and criminal law

Real estate is the modern term for land and anything that is

permanently affixed to it. Fixtures include buildings, fences, andthings attached to buildings, such as plumbing, heating, and lightfixtures. Property that is not affixed is regarded as PersonalProperty. For example, furniture and draperies are items ofpersonal property.
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Types of Land

India covers a land area of 3,287,263 sq km. There are different types ofland in India about 54.7% of it is cultivated land. The several types of landavailable in India are:

gricultural Land - Indian people are mainly employed in Agriculturalactivities thus agricultural land is almost 54.7% of the total Land Mass. Theagricultural lands are located on the outskirts of the Metro Cites. Usually theagricultural land shares space with the Industrial areas outside the city.There are Agricultural lands in almost all the States of India.

Barren Land - Within the land mass of India, mainly the land areas ofRajasthan, parts of Jammu, Leh, and parts where snowfall prevent anycultivation are barren.

Real Estate lands are growing at a tremendous rate in India. All Metro Citieshave huge boom of Real Estate Properties, due to the growth of - Economy,New Industries, Information Technology and Business outsourcing. With thepeople becoming mobile due to transferable jobs, the growth of houses and

partments have increased manifold all over India. In addition, the NRI andthe mercantile groups have found Real Estate Lands as Good InvestmentSectors.

Commercial Land is becoming pricier day in and day out. All the IndianCities are suddenly experiencing a boom in Marts, Market Plazas, Malls,Shopping Complexes as all International brands are making their presencefelt in India in a big way with along many new local Retailers.

Farm Lands are becoming the exclusive property of the rich and famous as oflate they have realized the unique qualities of Farm Lands. There is a stiffcompetition in acquiring the best of farmlands, as they can be in the lap ofpicturesque valleys replete with streams, Private Piece of Beach in Goa,Pondicherry etc or private Havelis in Rajasthan.


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The Trend of love for Nature and due to less available space in City

partments, Farm Land is fast becoming the best option for investment.Residential Land is fast becoming scarce in the mad rush to stay near work

places and near to City centre. Thus, Posh places or places with less of spacehave developed Apartments to cater to more people.

TYPES OF REAL ESTATEThe two major types of real estate are commercial and residential real estate.Commercial real estate involves the sale and lease of property for business

purposes. Residential real estate involves the sale and rental of land andhouses to individuals and families for daily living.

RESIDENTIAL REAL PROPERTY

What is Residential Real Property?

Business Definition for: Residential PropertyBuildings and land which are used for residential purposes i.e.

living. These include single-family homes, multi-families,

apartment buildings, etc. It derives all or nearly all of its income


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from dwelling units.

Residential property in India is a luring market. Residential real estate

market in India has seen mounting prices. A survey of the Residential RealEstate News is sufficient to give a gist of the situation of residentialproperty prices. India has seen mass developments in residential plots,housing complexes and luxury housing units. The residential real estatedevelopments in India are not restricted to just the metro cities like Delhi,Mumbai, Bangalore, Pune, Kolkata, Chennai and Hyderabad but also theupcoming surrounding areas specially theSEZ's .

Residential Property Market

The Residential Real Estate Developers In India have ventured out full timeinto construction and development of large-scale housing projects in orderto cater to the demand of residential property for sale. India residentialproperty is a magnet for not just the local real estate developers but alsothe foreign investors especially the NRI Investments in India have a majorchunk into the residential property market.

Even the number of Residential Real Estate Agents and Brokers haveincreased manifold in the past few years. One can find complete real estateproperty listings in residential real estate for sale, residential real estate forrent and leasing of residential properties in India. The real estate agentsand brokers also guide you about the various Residential Real Estate LoanSchemes available in the market and also the residential real estateinvesting opportunities that would yield the maximum returns.

Residential Properties in India

Residential properties in Delhi, Mumbai, Pune, Bangalore, Gurgaon andother major cities record the maximum prices as well as sale. Theresidential property news is a clear indication of the current trend in Indianresidential real estate market. One can find the names of major
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conglomerates venturing into residential real estate developments.

The residential real estate companies provide Residential Real Estate

Valuation and Property Management Services that can help determine theresidential real estate value of the existing property you intend to sell or the

values of the residential properties to buy.

Residential Properties for Sale in India

The Indian government provides development plans that will list theresidential property for sale in the various cities of India like Delhi, Mumbai,Bangalore, Pune, Hyderabad, Chennai, and Gurgaon etc. They also list the

real estate agents and brokers dealing in residential real estate in India. Allthe Leading Residential Real Estate Developers are also registered with thegovernmental body.

TheDevelopment Authorityconducts residential real estate auctions for thesale of residential plots and properties. They also determine the ResidentialProperty Taxes to be paid to the government. Regularization of construction

works on an allotted piece of land is also the work of the developmentauthority of that area. Residential property act lays down the guidelines for

sale and renting of residential property in India.

What is Commercial Property?

BUSINESS DEFINATION for: Commercial Property

Buildings and land which are used for performing businessactivities are called Commercial property. It can include asingle/more offices, buildings, factories, hotels and businesshouses. It derives its income from non-residential sources.
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Commercial propertyis real estate intended for use by for-profit businesses,such as office complexes, shopping malls, service stations and restaurants.Commercial property may be purchased outright by a developer for futureprojects or leased through a real estate broker. Commercial property falls

somewhere between residential and industrial property.

Practically every incorporated city uses a zoningsystem to regulate the useof property within its jurisdiction. In order to grant permission to build anew office complex or other profit-making business, the city governmentmust determine that the chosen area is indeed commercial property. Thezones which separate industrial, residential and commercial property areclearly marked on city maps. If the proposed business is clearly in an areazoned for commercial use, then the city will allow the sale to proceed for the

stated use. If any part of the commercial property extends into a residentialor industrial zone, however, then the buyer must seek a 'variance', specialpermission to cross over a zone boundary.

Commercial property can be held by real estate agents who treat it the sameas residential property. Signs advertising the availability and size of thecommercial property can be erected, and arrangements can be made to buyor lease smaller lots. Sellers of commercial property may also agree to makeimprovements to the land, such as grading off uneven spots or clearing out

unwanted trees. A professional developer may purchase huge swatches ofcommercial property simply to guarantee its availability for later projects.

Cities often use zoning laws to prevent conflicts between residentialhomeowners and businesses. Land designated as commercial property israrely located in the middle of residential zones. City planners encouragecommercial businesses to congregate along busier streets and centraldowntown areas. This helps to keep traffic to these sites manageable. Someareas of the city may be designated for 'mixed usage', which means somecommercial property may be used for residential purposes. A quaintdowntown shopping area with apartments would be an example of mixedusage.

Commercial property definitions may include industrial usage as well,although zoning laws still regulate the level of industry permitted. Heavierindustries often purchase property on the fringes of cities or in
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unincorporated areas. Some commercial property zones in the city do allowfor light industrial usage, usually smaller factories with minimalemissions

Commercial Properties In India

Commercial properties in India have a huge market. Commercial realestate developers engage in mass developments of commercial properties

for sale, for rent and for lease. Commercial properties are on an upswingbecause of the expansion of the Indian consumer market. The commercialproperty news shows leading real estate developers engaged inconstruction of shopping malls, commercial complexes, and office spacesetc.

Commercial Real Estate Agents and Brokers give you commercial propertyinformation regarding the commercial property prices, rates of commercialproperty to rent, to let, to buy or to lease. They also provide info on

Commercial Property Loan and interest rates on real estate loans,commercial property developments in your area and many more.

Find Commercial Property in India

Commercial property sales have touched new heights demanding largerspectrum of commercial property developments and keeping thecommercial property developers busy. Certain commercial real estatecompanies also provide property valuation and Property Management

Services to help you estimate the value of your commercial property forsale, for rent or for lease purposes.

The Property Valuation Methods are followed as per the guidelines laiddown by the Development Authorities in India . Along with these thedevelopment authority also undertakes commercial properties auctions
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and transportation needs.

Benefits of investment in Commercial and Residentialproperty

and regulates the Commercial Property Tax and property law. Commercialproperties auctions include auction of commercial plots, constructed officecomplexes, shopping malls and retail stores all over India.

ManyBanks and Financial Institutions provide commercial property finance.The commercial real estate in India also attracts mass foreign investments,the major share being that of NRI Real Estate Investments . Among thehighest value commercial properties are commercial real estate in Delhi,Mumbai, Gurgaon, Bangalore, Pune and other major cities.

Even the commercial property auctioneers target the commercial propertiesand plots in Delhi, Mumbai, Bangalore, Pune, Gurgaon, Chennai, and othermetro cities to the Leading Real Estate Developers and Builders in India .The rental and leasing of commercial properties is also fast gainingpopularity among the commercial property investors.

Commercial Real Estate News provides the ongoing trends in thecommercial properties market and also the latest commercial propertiesdevelopers and their real estate developments. Also get info on thecommercial property rates of the commercial realty through commercial realestate news.
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At the personal level, you have to decide which suits you better:residential or commercial?

Mostly, people think of investing in residential property while

commercial property has its rewards too.

The benefits of investing in commercial property

This acts as a bigger source of income.

The lease provided by banks tends to be much longer rangingbetween three to 20 years - and they are quite good which makesthem a secure investment.

Commercial tenants maintain the property better as its conditionis much important to their business and their staff. Lease contractalso adds protection for the owner in the form of good clauses,maintenance clauses and management clauses made.

The return on invested capital on commercial properties rangesbetween seven per cent and 10 per cent net after deducting all

costs.

The benefits of investing in residential property We need smaller investments in residential properties as

compared to the investment made in commercial properties,

which can be important in particular if this is your first investment

property. Knowing the fact that residential leases are shorter than

commercial ones, residential properties are generally easier torent because it is comparatively easier to find a residential tenant.

The more you research residential or commercial property, the

better you are able to know your market, the safer your

investment will be.
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SEZ India Website, SEZ India Projects

SEZ or Special Economic Zones are specially demarcated geographical regionsthat have more liberal economic laws as compared to the centralized laws ofthe country. SEZ concept itself gives the SEZ definition. The very purpose of aSEZ is to develop the area covered under the special economic zone byfollowing special economic policies.

SEZ In India

The basic motive behind developing a special economic zone like SEZ in Indiaor SEZ in China, primarily in the developing countries is to attract massforeign investments in the country. India Real Estate Investments haveattracted huge foreign funds and thus the special economic zones in Indiahave increased by and large.

The SEZ norms and rules vary from country to country and region to region.SEZ land involved also decides the SEZ policy for the SEZ approvals. The SEZact 2005 announced the SEZ policy in India for setting up of any specialeconomic zone in India. This special economic zone act 2005 set the guidelinesand procedures for acquisition of SEZ land and SEZ development following theproper SEZ laws. Further amendments were made through SEZ Act 2006 andSEZ policy 2007.

The SEZ history dates back to 1965 when first export processing zone was setup in Kandla, Maharashtra. That was the instigation of SEZ's in India.The SEZ Act in 2005 established India Special Economic Zones formally. SEZnotification as mentioned in the SEZ Act includes:

o To augment additional economic activity by attracting foreign directinvestments

o To Promote of exports of goods and serviceso To promote of investment from domestic and foreign sourceso To create more employment opportunities


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o To develop infrastructure facilities of global standardsSEZ India Benefits

The SEZ India Website lists both the SEZ advantages and SEZ disadvantages.The SEZ Benefits are:

o SEZ's offer economic progress to the area, the local inhabitants and thecountry as a whole

o Exemption from payment of stamp duty and registration fees on thelease/license of plots to the SEZ developer.

o External commercial borrowings of upto 500 million USD a year withoutany restriction of maturity to the SEZ developers.

SEZ Disadvantages

Special economic zones and the SEZ projects have instigated certain SEZcontroversy and a SEZ debate regarding the SEZ Disadvantages:

o Revenue losses due to various tax exemptions and tax benefits awarded tothe India special economic zones.

o Most Real Estate Developers In India are interested in setting up a SEZ tocash in the india real estate bubble by acquiring SEZ land at cheap ratesand creating a land bank for themselves

India Real Estate holds a special section for SEZ where details regarding theSEZ news and notification, upcoming SEZ projects, listing of SEZ developers,SEZ consultants and consultant agencies, SEZ companies group engaged in

development of special economic zones in India and others deserve specialmention.

SEZ Projects in India


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Presently around fourteen major special economic zones functional in India:

o Santa Cruz, Mumbai, Maharashtrao Cochin, Keralao

Kandla And Surat in Gujarato Chennai, Tamil Naduo Vishakhapatnam, Andhra Pradesho Falta And Salt Lake in West Bengalo Noida, Greater Noida in Uttar Pradesho Indore, Madhya Pradesho Jaipur, Rajasthan

Owing to the mass attraction of SEZ's in terms of the SEZ benefits oradvantages, major Indian conglomerates are jumping into the SEZ developmentbandwagon. Some of the names that deserve mention here are Mahindra &Mahindra with Mahindra World City in Chennai and Reliance Industries along

with Haryana Government and coming up Special Economic Zones by LeadingReal Estate Builders And Developers in India like Unitech India Ltd. and DLF .The newer areas attracting SEZ development are Navi Mumbai,Manesar,Gurgaon,Noida, Indore, Dehradun, Kanpur, Kochi, Nadigram, Surat,Nagpur, surrounding areas of Pune, Goa, Bangalore, Hyderabad, Jaipur, andKarnataka.

WHO IS REAL ESTATE BROKER?

An individual or firm employed by others to plan and organize sales or negotiate contractsfor a commission.

A broker's function is to arrange contracts for property in which he or she has no personalinterest, possession, or concern. The broker is an intermediary or negotiator in thecontracting of any type of bargain, acting as an agent for parties who wish to buy or sellstocks, bonds, real or Personal Property, commodities, or services. Rules applicable toagency are generally relevant to most transactions involving brokers. The client isconsidered the principal and the broker acts as the client's agent. An agent's powersgenerally extend beyond those of a broker. A distinguishing feature between an agent and
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a broker is that a broker acts as a middleperson. When a broker arranges a sale, he or sheis an agent of both parties.

In order to determine whether or not an individual is acting as a broker in a transaction,the type of services that are performed must be examined.

The sale of residential property is heavily regulated. All states require real estate agentsand brokers, who earn a commission from the owner of real estate for selling theproperty, to be licensed. To get a license, a person must have a high school diploma, be atleast eighteen years old, and pass a written test on real estate principles and law.

Real estate brokers or agents are hired to transact the buying and selling, lease, or rentalof real property on a commission basis. They can also be involved with the purchase andsale of lands, and the acquisition of mortgages for others. They may also counsel andadvise people who wish to buy or sell real estate

Regulation and Conduct of Business

The business or occupation of a broker may be regulated by the state under itsPolicePower. AMunicipal Corporationhas the power to regulate brokers who function withinits boundaries if authority to do so is granted by the state.

In order for a broker to engage in business, he or she is generally required to acquire alicense and pay a fee. Brokers who conduct business without a license can be fined bystate licensing authorities. In some states it is illegal for any person other than a licensedbroker to be paid for services concerning real estate transactions.

Laws exist that impose a license tax on brokers. Within the meaning of such laws, anyindividual who regularly works as a middleperson or negotiates business transactions forthe benefit of others is ordinarily considered a broker. It has been held by a federal courtthat a statute requiring brokers to obtain a license was only applicable to those peopleregularly employed as brokers. An individual only casually involved in brokerage throughthe arrangement of only a few sales would not be considered to be engaged in thebusiness of brokerage.

REVOCATION OF LICENSE

The state's concerns regarding brokers extend beyond initial licensing to theestablishment of conditions for the maintenance of a license. The state may provide forthe revocation or suspension of brokers' licenses for reasonable grounds.

The power to revoke a license may be vested in a specially designated commission thatexists primarily to hear complaints about the fraudulent practices of brokers. Suchproceedings are ordinarily informal, and technical court rules generally are not observed.
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During a hearing, the commission is presented with evidence relating to the broker'sconduct and must consider whether such conduct warrants denial of the privilege toengage freely in business.

Grounds for revocation of a license are generally based upon Fraud, dishonesty,

incompetence, or bad faith in dealing with the public. A real estate broker's license maybe revoked or suspended because ofMisrepresentation used to effect a purchase or sale.Generally, the conduct of a broker in negotiating a real estate transaction on behalf of hisor her principal is subject to strict fraud and deceit standards, equal to those imposed onhis or her principal. It has been held by some courts that the failure of a broker to disclosematerial facts within his or her knowledge will create liability. Within the meaning offraud is the pretense of knowledge on the part of the broker while executing a real estatetransaction where no knowledge actually existsfor example, while selling a house abroker states that there are no concealed defects in the house, although he or she doesnot actually know if such defects exist.

A real estate broker's license may be suspended or revoked if duties are performedunlawfully. In addition, a broker's license can be revoked or suspended if a broker isguilty ofRACIAL DISCRIMINATION in the selling and leasing of property.

Commissions: A broker is ordinarily compensated for services by the payment of acommission, based upon a portion of the value of the property in a particular transaction.

Generally, a commission is earned when negotiations between a buyer and seller arecompleted, and an agreement is reached. It is customary for a broker to deduct andreserve the amount of commission from funds obtained by him or her for a client. The

ordinary basis for the calculation of a percentage commission is the total sale price ofwhatever is sold.

In order for a broker to be entitled to a commission, a sale must be completed for whichthe broker has been employed.

The broker's right to a commission is not dependent upon the finalization of thetransaction unless otherwise agreed upon by the broker and by his or her client.

The compensation of a broker is based upon procurement of a client who is willing and

able to purchase. The specific terms of the transaction must be satisfactory to the broker'sclient.

Of paramount importance is the prospective buyer's ability to provide the required fundsat the suitable time. A broker who has properly performed his or her duties should not bedenied a commission due to a failure by the parties to consummate the deal.
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In the absence of any agreement to be employed by a client, a broker is not to becompensated for voluntary services. Similarly, compensation is not due a broker when asale is made by an owner after the broker-client relationship has been terminated. Acommon type of termination is the expiration of a real estate listing. This rule against thepayment of a commission is absoluteregardless of whether or not the sale is made to an

individual whom the broker initially producedprovided the broker was given ampleopportunity to complete the transaction and failed to do so. Once a broker has earned hisor her commission, a client may not terminate the relationship and complete thetransaction himself or herself in order to avoid paying the broker.

Any fraudulent misrepresentations or evidence of bad faith on the part of the broker willdefeat his or her right to a commission. MereNegligencein the execution of duties, in theabsence of bad faith, does not automatically defeat a broker's right to compensation.

Future Roles of Brokers

Technology affected the roles of practically all types of brokers. Probably the mostsignificant developments have been related to communications, as new technologies haveallowed brokers to communicate with their clients in a variety of means, thus enhancingthe ability of the brokers to serve their clients' interests. Some changes were differentmethods in day-to-day communications, such as the common use ofE-Mail and faxmachines. The rise in Internet usage in the 1990s also caused a number of changes, asregistered brokers began to serve as online customer service representatives forprospective buyers. Economic problems in the early 2000s slowed the development of therole of the broker, but as new technologies continue to develop, the role of the broker wasexpected to continue to evolve.

PROPERTY MANAGEMENT

Property management is the operation of commercial, industrialand/or residentialreal estate. This is much akin to the role ofmanagementin anybusiness.

Property Management is also the management of personalproperty, equipment, tooling and physical capital assets that areacquired and used to build, repair and maintain end itemdeliverables. Property Management involves the processes, systemsand manpower required to manage the life cycle of all acquired
http://legal-dictionary.thefreedictionary.com/Negligencehttp://legal-dictionary.thefreedictionary.com/Negligencehttp://legal-dictionary.thefreedictionary.com/Negligencehttp://legal-dictionary.thefreedictionary.com/E-Mailhttp://legal-dictionary.thefreedictionary.com/Internethttp://en.wikipedia.org/wiki/Real_estatehttp://en.wikipedia.org/wiki/Real_estatehttp://en.wikipedia.org/wiki/Real_estatehttp://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/Real_estatehttp://legal-dictionary.thefreedictionary.com/Internethttp://legal-dictionary.thefreedictionary.com/E-Mailhttp://legal-dictionary.thefreedictionary.com/Negligence


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property as defined above including Acquisition, Control,Accountability, Maintenance, Utilization, and disposition.

Property ManagementProperty management is defined as the responsibility ofmanaging the multiple aspects which accompany the ownershipof real estate. This is analogous to the role of managing events inany industry.

One important role is the liaison between the landlord and thetenant. Duty of property management companies incorporate

accepting rent, responding to and addressing maintenance issues,advertising vacancies for landlords, and doing credit andbackground checks on tenants. The many facets to this professioninclude participating in and/or initiating litigation with tenants,contractors and insurance agencies. Litigation alone is at timesconsidered an entirely separate function, set aside for trainedattorneys. A property manager should be informed with new lawsand practices in their given localities, cities and states.

Selling property - the process

You know how great your home is, but when you sell yourproperty, you have to convince someone else. The selling processcan seem complex, but one should consult experienced real estate

agents/ agencies to make sure it runs smoothly. The following arethe main steps:

Step 1: Appoint an estate agent

Step 2: Spruce up your home
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Step 3: Get your Home Information Pack

Step 4: Agree the sale

Step 5: Up to exchange of contracts

Step 6: Complete the sale

Step 1: Appoint an estate agent

The first step in selling your property is to appoint an estate agent,wholl value your home and show it to potential buyers.

There are two ways you can appoint an estate agent.

Sole agency is where you give the job of selling your property to asingle estate agent for a fixed period of time. The commission ratefor a sole agency sale will be lower than that for a multiple agencysale, because that agent has a greater chance of being the one tofind your buyer. Accept an offer via another agent and you mighthave to pay more than one fee.

Multiple agency is where you instruct several estate agents at thesame time, who will all try to sell your property. The commissionrate for a multiple agency sale will be higher than for sole agency.

When you first meet your estate agent, theyll give you anestimated value for your home, and a commission rate for bothsole agency and multiple agency.

Step 2: Spruce up your home

We get so used to the places we live in that its sometimes hard tosee them through others eyes. But if you want a successful, quicksale, thats exactly what you have to do and first impressions countfor a lot.
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A few hours spent making your property look its best or evenspending a bit of money to clear up some niggling problems couldadd to the priceyou get from a buyer. Heres a few tips to get youstarted

Making your home more saleable

Think like a buyer dont overlook flaws just because youdont mind them or youre used to them

Reduce clutter get rid of everything but the bare essentials Decorate neutrally buyers need to be able to see it as their

own home Keep it light clean the windows and use light colours Outside and in buyers will often walk or drive past first, and

fresh paintwork and well cared for outside spaces make agreat first impression

Youre ready for your estate agent to start showing buyers round.

Step 3: Get your Home Information Pack

A Home Information Pack (or HIP) collects together many of thedocuments a buyer needs. The main elements of the pack are

Energy Performance Certificate assesses the energyefficiency of the property from A (best) to G (worst), and givesinformation on how to improve it

Sale statement gives the name of the of the seller or sellers,the address of the property being sold and whether its

freehold or leasehold Registered title documents details from the Land Registry of

the owners, any specific covenants and a map showing theproperty and its exact boundaries


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Unregistered title documents some properties that haventbeen sold for many years arent registered with the Land

Registry, though this is quite rare these days. If a property hasan unregistered title, the pack must include similarinformation to registered properties, but it may come from anumber of different sources

Search results standard searches reveal issues that mightaffect the property now or in the near future, such as drainageroutes, potential flooding, or any planned development

Property Information Questionnaire (PIQ) - this is issued bythe HIP provider and must be completed by the seller. It

provides information relating to the ownership of theproperty and details about services such as council tax andthe utilities

Leasehold information - a copy of the leaseStep 4: Agree the sale

As your estate agent we will start to generate offers from interestedbuyers. We will present each offer to you and negotiate on your

behalf to get the best result.

Here's what information we will discuss with you:

Price how much are the buyers offering to pay? Are they in a chain? If a buyer is still trying to find someone

to purchase theirhome, you will be dependent on theirsuccessful sale. It can be quicker to sell to first time buyers,

investors, or people who have already sold their previousplace. Your position are the buyers able to move in time to suit

your plans and timescale?


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Should you accept? Ultimately the decision is yours, but we'llprovide all the help and advice we can to help you make theright decision.

Once the seller has accepted an offer the good news is passed on tothe buyer and then starts the drawing up of paperwork.

Step 5: Up to exchange of contracts

The buyer will then provide the agent with their solicitors details,which will then be passed on to the solicitor, so they can get onwith drawing up the contracts.

The next stage is where the buyer and their mortgage lender carryout any valuations and surveys on the building and check thateverything is as it should be with the paperwork. Its quite normal

for a few queries to be raised, so this stage can take a little while.

When this stage is complete, youre ready to exchange contractsand set a completion date, when the money gets transferred, andthe property legally changes hands, the conveyancing process will

be complete.

Completion is normally two weeks later, but can be earlier. Itmight even be possible to exchange and complete on the same dayif you need to. Leaving a gap gives you time to make arrangementsfor moving out and tie up any loose ends.

After youve formally exchanged contracts, youre legally obliged to

sell the property to your chosen buyer and theyre obliged to buy itfrom you.

You should plan to move out before your completion date. As soonas you have completed the sale the property belongs to your buyerand they can move in immediately.


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Step 6: Complete the sale

Completing the sale is usually as simple as getting a phone callfrom your solicitor telling you that everything has gone smoothly.

This means both parties mortgages have been paid off and newarrangements put in place, the conveyancers have successfullyarranged the legal transfer, and the property officially belongs to

your buyer.

Selling your property is now complete congratulations!

What Is a Real Estate Developer?

A real estate developer is a real estate professional who specializes increating new developments or renovating existing ones, marketing themsuccessfully, and selling them. Real estate developers often work withpartners to share the risk and the workload, and they may work for bigcompanies which conduct real estate development on a large scale or use

real estate development as one investment tool in a diverse portfolio. Peoplecan approach a career as a real estate developer from a number ofperspectives; developers may hold degrees in real estate development, orcome from a background as a real estate agent, contractor, or architect.

Working as a real estate developer is very challenging. Developers need to beable to assess a wide variety of future sites and determine whether or notthey will be workable and acceptable. A real estate developer can look at anempty lot and find potential in it, or tour a decaying building and create a

vision for remodeling and successfully selling it. Real estate developers tendto work on a big scale, constructing multiple units which may extend intothe thousands or renovating a building to create a number of saleable unitsin the form of offices, retail spaces, apartments, and so forth.


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Experience in the real estate industry is critical, as a developer must knowthe market well to know whether or not a project will be successful.Developers also need connections with local governments which will helpthem accomplish projects, ranging from friendly people in the planning

office who may provide recommendations to help push a project through toallies on planning commissions and city councils who will promote theirprojects.

A good real estate developer is also part of a much larger team. He or sheneeds to work with architects, contractors, landscapers, politicians, realestate agents, and numerous other professionals to see a project throughfrom start to finish. Developers have to select good teams, organize them

well, and manage them effectively, meeting the needs of the project and the

team members while staying in control of the overall development.

Many real estate developers pick a particular area of specialty, such as high-end residential properties, commercial real estate, middle-classsubdivisions,low-income housing, and so forth. Real estate developers may also travelacross a wide region to work on development projects, applying their skillsto settings and cities which may be very different. A development whichappeals to the high-end residential market in New York City, for example,

will not necessarily be as successful in Minneapolis, and a real estate

developer must be able to be flexible and read communities well to meettheir needs.

Builders in India

Real estate market in India is on upswing and builders in India are investingin all most all the parts of the country. Luxurious Apartments, Premium

quality Flats, Independent homes, farm houses, Penthouses are some of theprojects which are getting a lot of importance in residential sector. Newconstructions in this field are experiencing phenomenal growth. Builders inIndia or property developers are buying plots in large number forconstruction of townships and residential complexes.

part from this construction in commercial sector is also on the rise.
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Shopping malls, shops, big Corporate Offices, Movie Halls, Amusement andRecreational parks etc are attracting investment from builders in India.Property developers in metropolitan cities are expanding their vision andinvesting in smaller cities also like Pune, Surat, Coimbatore, Cochin, and

Vadodara etc.

Builders in India

Achievers BuildersAdarshDevelopers

Alpine Group Ansal API

Ansal Buildwell Ansal Housing Ansal Plaza Ansals

Appaswamy RealEstates

Arun Dev BuildersAshiana BuildersDevelopers

Ashiana Housing

BPTP Real Estate B Raheja Bearys Group Brigade Group

BangaloreChaitanyaBuilders Chennai

Confident Group CREDAI D S Kulkarni

DLF Group India DwarkadhisBuilders

EldecoInfrastructureGroup

Emaar MGF

Eros Group Future Group Gaursons GMRInfrastructure

Godrej Properties Goel Ganga Group HDIL HDIL IssueHiranandani RealEstate

HUDCO Jaipuria Group Jaypee Group

JMD Group K RahejaUniversal

Kalpataru Group Kanakia Group
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.htmlhttp://www.indiahousing.com/kraheja-builders.htmlhttp://www.indiahousing.com/kraheja-builders.htmlhttp://www.indiahousing.com/gurgaon/jmd-builders-group.htmlhttp://www.indiahousing.com/jaypee-group-real-estate.htmhttp://www.indiahousing.com/jaipuria-group.htmlhttp://www.indiahousing.com/hudco.htmlhttp://www.indiahousing.com/hiranandani-real-estate.htmlhttp://www.indiahousing.com/hiranandani-real-estate.htmlhttp://www.indiahousing.com/hdil-issue.htmlhttp://www.indiahousing.com/hdil.htmlhttp://www.indiahousing.com/goel-ganga-group.htmlhttp://www.indiahousing.com/mumbai/godrej-properties.htmlhttp://www.indiahousing.com/gmr-infrastructure.htmlhttp://www.indiahousing.com/gmr-infrastructure.htmlhttp://www.indiahousing.com/gaursons-india.htmlhttp://www.indiahousing.com/future-group-india.htmlhttp://www.indiahousing.com/eros-group.htmlhttp://www.indiahousing.com/emaar-mgf-properties.htmlhttp://www.indiahousing.com/eldeco-infrastructure-group.htmlhttp://www.indiahousing.com/eldeco-infrastructure-group.htmlhttp://www.indiahousing.com/eldeco-infrastructure-group.htmlhttp://www.indiahousing.com/delhi/dwarkadhis-builders.htmlhttp://www.indiahousing.com/delhi/dwarkadhis-builders.htmlhttp://www.indiahousing.com/dlf-group-india.htmlhttp://www.indiahousing.com/pune/d-s-kulkarni-builders-developers.htmlhttp://www.indiahousing.com/credai.htmlhttp://www.indiahousing.com/confident-group.htmlhttp://www.indiahousing.com/chennai/chaitanya-builders.htmlhttp://www.indiahousing.com/chennai/chaitanya-builders.htmlhttp://www.indiahousing.com/brigade-group-india.htmlhttp://www.indiahousing.com/brigade-group-india.htmlhttp://www.indiahousing.com/bangalore/bearys-real-estate-group.htmlhttp://www.indiahousing.com/b-raheja-builders-group.htmlhttp://www.indiahousing.com/bptp-real-estate.htmlhttp://www.indiahousing.com/ashiana-housing-group.htmlhttp://www.indiahousing.com/ashiana-builders-developers.htmlhttp://www.indiahousing.com/ashiana-builders-developers.htmlhttp://www.indiahousing.com/arun-dev-builders.htmlhttp://www.indiahousing.com/chennai/appaswamy-real-estate-builder.htmlhttp://www.indiahousing.com/chennai/appaswamy-real-estate-builder.htmlhttp://www.indiahousing.com/ansals.htmlhttp://www.indiahousing.com/ansal-plaza.htmlhttp://www.indiahousing.com/ansal-housing-construction-limited.htmlhttp://www.indiahousing.com/ansal-buildwell.htmlhttp://www.indiahousing.com/ansal-api.htmlhttp://www.indiahousing.com/alpine-group.htmlhttp://www.indiahousing.com/bangalore/adarsh-developers-builders.htmlhttp://www.indiahousing.com/bangalore/adarsh-developers-builders.htmlhttp://www.indiahousing.com/faridabad/achievers-builders-developers.html


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Kolte PatilDevelopers

Kumar Builders M TechDevelopers

M2K DevelopersBuilders

Mahagun Builders Mahindra GESCODevelopers

Mapsko Group Mont Vert BuilderDevelopers

Navin Housing OberoiConstructions

Omaxe GroupIndia

Panchshil Builders

Parsvnath BuildersPiyush Group Prestige Builders Prestige Homes

Purvankara PushpanjaliBuilders

Raheja Developers SaharaInfrastructure

Shapoorji Pallonji Shipra Group Shipra Real Estate Shriram Group

Larsen-and-

Toubro

Sobha Builders Sobha Developers Supertech

BuildersDevelopers

Tata Housing TDI Constructions TDI Developers TriveniInfrastructureGroup

Unitech GroupIndia

Vascon Engineers Vatika Group Vipul Group

Plots in India

Plots in India have created a buzz in the global real estate market. Withinthe past decade, the prices of both commercial and residential plots in Indiahave registered more than 200% increase making the property investorsfairly rich. A new industry of Real Estate Agents (more popularly known asthe property dealers) and property investors has developed who keep aconstant track of the available plots for sale in India.

With the relaxation in the property tax laws and Real Estate in India openingits gates to 100% FDI in real estate sector and inflow of Real estate mutualfunds, the market for Plots in India is bound to develop further. One cannotignore the NRI Real estate investments flowing largely into the undevelopedLand in India that has fetched such high capital growth luring all the more
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investors.

Real Estate In India, Indian Real EstateReal estate in India is a bubble that seems to be blown in to maximum eachtime we hear of a price rise in the Indian realty sector. But then the myth isbroken and a fact is established stating there's room for more. The realestate news shows a never ceasing expansion in the real estatedevelopments everywhere. More real estate companies and group havebeen established in the recent few years. The real estate discussion forumand Blog discussions have become a trend amongst enthusiastic propertyand realty investors. The Indian real estate market has developed from the

local 'thekedaars' to real estate agents and realtors. Real estate sector hasproven to be the best returns opportunity for investment of the long savedfunds.

The for sale real estate listings include everything from residential houses,apartments, townships, buildings to commercial and retail shops,complexes, mega malls, entertainment centres, office spaces and industrialset ups. Real estate construction companies have ventured into massdevelopment projects that sometimes include development of integrated

townships that are small self-sufficient cities among themselves.

Indian Real estates are a good fund-attracting site for the NRI's and otherforeign investment seekers. The real estate trends that were more orthodoxhave undergone a paradigm shift to a more contemporary and modernoutlook with a bloom in the realty situated in far away and more serenesurroundings. This shift has given the Indian real estate industry a neweropportunity of developing land that was otherwise considered useless andprovide the tranquility of the mountainside holiday destinations right in

your home.most recent real estate report of the year 2007 shows Bangalore and

Chennai as the cities most affected by the bloom in the real estate market inIndia. The realty prices have risen sky high.

The realtors and real estate agents in these cities are the happiest of the lot


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getting plum commissions because of the excess demand of the property inthese areas. The real estate laws have also changed with emphasis on thecustomer demands rather than the builder choices.

Real estate development jobs are not mere acquiring land and constructingon it. The whole realty development procedure involves careful planningabout the location of the project and the desired customer base targetedthen comes the land acquisition and then accordingly a topmost architect isconsulted, the layout designed, raw materials customized, state-of-the-artinfrastructure and techniques employed and perfect finishes are provided togive the made-to-order finish to each unit. A strategic following of this trendcan ensure the best real estate product and hands down sale opportunity forthe realtors as well.

Many sites provide an online real estate directory that provides all Indianreal estate listings and Real Estate Builders, Agents and developers. Many

websites also function as real estate portals and deal in property buy, sell,rent or lease. You can also research on the real estate business in India, thetrends of the Indian realty market and get the latest report and news on theIndian real estate property. On this website find all you would like to enquireabout the real estate market in India, the real estate listings, acomprehensive listing of the Top Builders and finance schemes providing

institutions as well.

LEGAL STRUCTURE

Since the 1970s, home buyers have been given additional protection underthe law. Many states and municipalities require a seller of real estate to file atruth-in-housing statement. A seller must disclose any problems with thehome, such as a wet basement or the presence of termites, on the form.Failure to disclose this information can result in the revocation of the

purchase agreement or a lawsuit by the buyers against the seller forFraud.In addition, some laws require an inspector to visit the property todetermine if there are any problems.
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Most purchases of residential real estate require the buyer to obtain amortgage from a bank or other lending institution. The lending institutionreceives a security interest on the real estate, which means that if theborrower defaults in paying back the mortgage, the institution can obtain

title to the property and resell it to pay off the mortgage debt.

The federal government enacted the Real Estate Settlement Procedure Act of1974 (RESPA) (12 U.S.C.A. 2601 et seq.) to ensure that the buyer ofresidential real estate is made aware of the many costs associated with thesale. RESPA mandates that a federally insured lending institution give thebuyer advance notice of all the costs to be paid on the date of closing thetransactions. These costs typically include the cost of property surveys,appraisals, title searches, brokers' fees, and administrative and processing

charges.

Registration & AttorneysProperty Registration in India ensures the ownership rights to the person in

whose name the property is registered. The entire process of land registry orhouse registry can be quite a nuisance if you do not have a real estateattorney briefing you about the legal formalities and documentationprocedures to be followed. You will find many private service lawyers orgovernment attorneys who can advice you on the legal matters.

All kinds of property registration and firm registration in India are done atthe Sub Registrars office that also holds all records of any previouslyregisteredproperty in India.

House Registration Process in India

The exact process includes 6 steps:

Step 1: Search the Property Registration

The property location, legal ownership document, date of purchase of thetitle, property transfer and inheritance issues, if transferred the legalauthority of the transferee, clearance certificate from urban land ceilings
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authorities, payment of all dues like property taxes, electricity and water billsand any previous alterations in the property registration are the points thatrequire careful scanning. This entire process can cost up to Rs. 10,000 andtake 5-7 days to complete.

Step 2: House Registration Agreement

This process takes place at the Local Stamp Duty Office and takes around 7days to complete. The fee involved is Rs. 100.

Step 3: Preparation of Property Sale Deed

This is done by an authorized house registration attorney on behalf of the

purchaser. The final deed is printed out on a green paper with stamp dutystamp affixed on it. This involves a fee of 1% of the property value and mighttake 7 days again.

Step 4: Final Registration

The house registry or land registry is then stamped, executed, and finallyregistered in the presence of seller, buyer and two witnesses at the office ofthe SUB Registrar of Assurances at 5% market value of the property as Stamp

Duty. This process takes just 2 days to complete.

Step 5: Submission of Documents

The completed home registry is then submitted to the Reader of the SubRegistrar of Assurances for scrutiny. Then at the payment of 1% of thetransaction value or Rs. 30,000 whichever is less, the documents arepresented before the Sub Registrar. The seller then hands over possession ofthe property to the buyer. The documents are handed over to the buyer

within 30 minutes of submission of the payments receipt.

Step 6: Mutation of The Title of The Property

The purchaser now has to apply to the local Municipal Authority to get thetitle of the concerned property mutated in his favor with all the relevant


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documents that your Real estate attorney would guide you about. TheMunicipal Authority then assigns the property value for levyingproperty taxand then issue a letter of mutation in favor of the purchaser.

Here is a list of sites to help you finalize all the necessary documents. Thesites are listed to assist you in all matters relating house registration anddocumentation.

Housing Rental Options

Houses on rent in India are providing accommodations to thousands of families whocannot afford to buy homes of their own. There are several other occasions whenwe thoughtfully look for houses on rent. Students temporarily shifting to anothercity in pursuit of higher eduction, employees of a company transferred to someother location on a short term assignment and businessmen who often require tovisit a particular city for commercial purposes are the categories of people that findrental houses the most suitable for their requirements. Houses for rent are alsohunted by professionals seeking jobs in bigger cities and visitors who want to stayin a tourist destination for a longer period.

As the housing needs for different categories of people vary, so do the options

available for renting a house. Hence, we find the most extensive range of rentalhomes in India from the modest and affordable ones to the most luxurious andhighly expensive ones. House rents also vary from one city to another and evenfrom one location to another within the same city. Moreover, it would either be ashort term rental accommodation or a long term rental accommodation based onthe rental agreement papers signed by the tenants and the landlords.

Home Rentals in India

Although builders and housing boards in India are leaving no stone upturned, the

gap between demand and supply of residential accommodations, particularly inbigger cities is widening. This puts a pressure on the segment of house rentals andwe find house rents soaring, quite frequently, to newer levels in every category.The growing population of the country and demographic shift towards urban areasare also playing their parts in aggravating the scenario of housing rental in most ofthe cities.

The houses available on rent in most of the cities are in the forms of single room
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flats or double room flats. It is also possible to get rental apartments with two orthree bedrooms options.

For premium category of home seekers, such as corporate professionals andbusinessmen, we have well furnished apartments, bungalows, villas, penthouses,

duplexes etc. with good interiors and cozy environments.

While renting a home anywhere in the country, it is a good practice to involve aproperty dealer. This is because the various real estate services provided byproperty dealers in India let you live in a rental house as long as you wish withoutany hindrance. To search availability of houses on rent in a city, you can take thehelp of real estate websites, such as indiahousing.com. There are other propertysites also that offer you similar kinds of services and are being mentioned on thispage.

A Home in your BudgetWhen you have decided on the budget, next thing you want to know how big ahouse you want. This depends on your family size and your needs. In major citiesor metropolitan cities, flats are generally sold on the basis of built up area orsuper built up area. Area is generally measured in terms of Square Foot or SquareFeet. To assess the area requirement one needs to understand the followingconcepts of saleable area:

Carpet Area Built up Area Super Built up Area

Buying a Property in India

While locating a property, the buyer needs to be clear whether the property isonly for investment purposes or for actual use. If the property you are buying isfor actual use then you need to consider whether that area has sufficientinfrastructure.

This will include:

Access to roads, Power back up, Water supply, Shopping complex, Hospitals and other health centers or clinics and chemist shops Bus stations Recreational facilities Entertainment outlets
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Educational institutions Fully landscaped (optional) etc.

The wide range of properties offered for sale and with various attractive facilitieslures the buyers and are sometimes misleading also. Just set your eyes on a

reliable builder and identify the property, which have least risk involved.

Real Estate Agents,Property Dealers in India

When our house hunt or search for Property In India begins, many people andinstitutions start getting associated with us. Among them, those who are going tobe there right from the start to the end are the property dealers and real estateagents. They are those without whom hunting for a house for Property in India canbecome an arduous effort. Indeed, brokers and property dealers have made buyingproperty in India simpler. Thus, whether we need to buy a residential house or acommercial one, we take assistance from real estate agents in India.

Property dealers do not assist us in buying a real estate property alone. When werequire to sell our properties for any reason, then also we seek the help of realestate agents. This is because they are the professional people who keep inconstant touch with different types of clients, some of which may want to buy andthe other to sell real estate properties, plots of land or residential houses. In thissense, the property dealers work as middlemen and help a property owner meetprospective buyers easily and surely, and of course by charging a reasonableamount of fee on both the parties of a transaction.

It is not only the selling and buying of a real estate property that are being dealt bya real estate agency in India. Even if, you do not want to own a house by

purchasing since you do not intend to live in that particular place for long and arelooking for a house on rent, so that you can stay as long as you wish and leave themoment your purpose of stay in the city ends.

Similarly, if you are a property owner yet do not want to sell it altogether. Ratheryou like to rent out a portion or the whole of it to some tenants so as to ensure aregular income out of it. In this case, too, the professional help of property dealerswill bring you the right client.


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Property Dealers in India: Multiple Services

There is a number of other real estate related jobs in which the helpful support ofproperty dealers will see you through them quite easily and almost certainly.Getting home loans and getting your newly acquired house registered at the localauthority may become smoother and hassle free. Similarly, you many need theiradvice and help in hiring the services of building contractors, home architects andinterior decorators. The real estate agent of a particular locality has full knowledgeabout the availability of residential properties, their current capital values and therate of appreciation. Hence, you can get a true picture of the real estate market ofthat particular area. This can help you in taking accurate decision regarding realestate investment.

Buying home, selling home, Renting home, leasing home, real estate agents h