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24 Sep 2023 | 51 Views
Rising NRI Investments in Indian Real Estate Amid Rupee Depreciation
Though the value of the Indian rupee is depreciating, NRI investments in Hyderabad Real Estate have been on a steady rise. As compared to 2022, a 15% growth has been observed in real estate investments this year. According to real estate experts, the property market is going to see a further flow in the upcoming festival season. According to IBEF (India Brand Equity Foundation), the Indian real estate market is expected to reach the US$ 1 trillion market size by 2030 and will account for 18-20% of India’s GDP. Further, the market will allure more short-term and long-term NRI investments. As the rupee value depreciated due to inflation, investments in gold and stocks have become less appealing. While the global financial markets are still trying to recover after COVID-19, Hyderabad Real Estate is witnessing rapid growth after the pandemic. According to reports, India is now among the list of top ten price-appreciating housing sectors globally, thereby offering a great opportunity for the NRIs in Indian real estate investment. Hyderabad Real Estate builders offer irresistible offers and packages to NRI buyers, causing an increased flow of NRI investment in the market. Anarock Middle-East and North Africa MD Morgan Owen exclaimed that compared to the demand of 2022 and 2023, the NRI investments are predicted to increase from 10% to 15%, especially from the Gulf region. The NRI investments in DLF projects have been up by 15% to 20%. Their NRI-focused initiatives are another reason for an increase in real estate demand. DLF has also established a dedicated team to communicate with the Indian diaspora abroad. They keep in touch with them, informing them about DLF’s latest developments and offering real-time support in various time zones. Owing to this real estate boom, the Residential Projects for Sale in Hyderabad have also increased. The NRIs prefer tech cities like Pune, Hyderabad and Bangalore to invest and settle in after returning to their homeland. Particularly after COVID, the emotional attachment of the NRIs acted as a driving force to invest in Indian real estate. Further, the availability of luxurious properties in these areas has fueled their passion for owning a home in India. According to an Anarock study, during the first six months of 2023, the number of residential units sold in seven main cities across India registered an increase of 2,29,000 units. Lastly, technology has played an inevitable part in upsurging the Residential Projects for Sale in Hyderabad. Technology has enabled the NRI investors make an informed decision without visiting the property site. Various prop-tech platforms are making the investing process glitch-free by helping buyers with research, sales, documentation, etc. Online property launches through video conferences have enabled NRI investors to speak directly with the builder, thereby helping them make the right investment choice.
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18 Sep 2023 | 80 Views
Winning Strategies for Apartment Maintenance Charges!
Shifting to your new home means no more hassles of paying rentals. At the same time, you need to pay a monthly amount to the communities for providing the amenities to help you live a peaceful life. Sometimes, the apartment maintenance charges are fixed and sometimes not. RERA also has its guidelines and regulations on maintenance charges. Find below an insider look into the maintenance charges and how you can lower it. What comes under maintenance charges? The majority of the apartments for sale in Hyderabad cover the following aspects while calculating the maintenance charges: Service charges, including electricity, housekeeping, security, etc. Repairs and maintenance charges for running lifts. Parking charges for the residents. Water charges based on the water usage of each flat. Sinking Fund to manage to pay for any kind of emergency Non-occupancy charges Other Charges like election funds, festival celebrations, etc. Payment criteria Types of Maintenance Charges How Charges are Applicable Service Charges Equally divided among all the apartments/flats Building Maintenance and Repair Charges 0.75% of the construction cost of each apartment/flat - calculated on an annual basis Parking Charges Based on the number of parking lots allotted Non-Occupancy Charges 10% of service charges - for flats which are rented or not occupied by property owners Water Bills and Property Taxes Based on the consumption of each apartment Sinking Fund No less than 0.25% of the construction cost of each flat - calculated on an annual basis How they are calculated? Equal maintenance charges This method is followed when the flat size in the society is almost same. Per Square Feet Maintenance Charges If the society has flats with multiple configurations, the apartment maintenance charges are calculated on the basis of per square feet. Hybrid Maintenance Charges Some societies use both per square and equal maintenance charges. While the residents pay the same charges for common amenities, the area-wise charge calculation is done for the spaces they live in. Ways to reduce apartment maintenance charges Avoid overstaffing Thanks to community automation and smarter technology, every society can now reduce the number of staffs thereby reducing cost. Efficient staff management Deploy efficient and smart staff management systems to reduce the maintenance budget. This will not only improve working efficiency but also help in cost-cutting. Smarter inventory A better inventory management at apartments for sale in Hyderabad help in the quick identification of damaged construction parts and the replacement of light bulbs, socket covers, tube lights, etc. This also reduces asset wastage and asset replacement. Discover unlimited properties with us and fulfill your dreams of becoming a homeowner. Visit Property Advisor to make your choice among hundreds of apartments for sale in Hyderabad. Visit today.
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11 Jul 2023 | 423 Views
Diamond Towers – The Luxurious 3/4 Bhk Flat for Sale in Hitec City
Dwell in well-crafted homes in Hitech City and open the door to unlimited possibilities. SAS Diamond, the two towering residential skyscrapers, each 52 floors high, and a 27-floor commercial tower offer limitless luxury and convenience. Experience life-changing commercial real estate at the magnum opus of SAS that brings the best office space, business outlets and premium flats for sale in Hitech City. Apart from the commercial tower, the skyscraper boasts of its 6 floors shopping mall and 5 floors clubhouse that brings in convenience and comfort. Located just 30 minutes away from the international airport, Diamond Towers is in proximity to other commercial hubs, hospitals, schools, and entertainment zones. Prominent landmarks near Diamond Towers, the best 3 bhk flats for sale in Hitech city Diamond Towers is a bang-up option for home buyers looking for 3/4 bhk flats for sale in Hitech City. With all necessities within reach, Diamond Towers symbolises the new Hyderabad. Landmarks that are 2 minutes away Financial Dist Continental Hospital Future Kids School Proposed Narsingi Metro ADP Nehru ORR WaveRock SEZ Landmarks that are 5 minutes away from 4 bhk flats for sale in Hitech city ISB Gachibowli Circle Sheraton Khajaguda Lake Oakridge School Amazon Gaudium School Landmarks that are 10 minutes away Infosys IKEA Manikonda Narsingi Circle AIG Hospitals Wipro Circle Emaar Golf Club Landmarks that are 15 minutes away Raidurg Metro Inorbit KIMS NEOPOLIS Madhapur Kondapur Cognizant Diamond amenities Being one of the premium apartments for sale in Hyderabad, Diamond Towers facilitates its residents with multiple high-end amenities. Whether you are a fitness freak or a pet lover, our amenities have got your back either way. Squash Court Gazebo BBQ Outdoor Pet Zone Outdoor Yoga Room Sauna, Steam and Saloon Private Theatre Premium Guest Suites Badminton Court Basketball & Tennis Court Cafeteria Conference Hall Creche Cricket Nets – Outdoor Outdoor Gym Games Room Gym Fitness – Indoor Library Meeting Rooms Mini Mart Café Elders Room Grand Lounges Jogging Track – Outdoor Swimming Pool Building specifications of Diamond Towers The premier flats for sale in Hitech city at Diamond Towers have the below-mentioned specifications: Structure: RCC framed Structure Painting Walls: External: Two coats of exterior emulsion paint with a textured finish Internal Paint: Drawing, Dining, Living, Bedrooms, Kitchen & Balcony: Smooth finished with putty & acrylic emulsion paint. Bathrooms: Dadoing up to ceiling level & false ceiling with moist resistance. Flooring: Double-charged vitrified tiles in every room and kitchen Balcony & Bathroom/Utility: Anti-skid vitrified/Ceramic tiles. Staircase: Natural stone/ Granite. Security: Intercom Security to all units connecting Security Comprehensive Security System with Cameras in required locations. Lifts: Passenger’s Lifts: High-Speed automatic passenger lifts with rescue device with V3F for energy efficiency of reputed make for each tower with CCTVs inside the lifts. Fire/Service lifts: Every block is equipped with high-speed automatic service lifts with rescue devices and CCTV inside the lifts. Windows/Grills: Fitted with mosquito net, all windows are aluminium/UPVC with sliding and other essential hardware. Doors: Main Door: Hardwood Frame/manufactured teak wood door with reputed hardware. Internal Doors: All internal doors are hardwood framed doors with laminated shutter. All Bathrooms: Vanity-type wash basin with granite countertop. Ewe with flush tank of reputed Brand. Cp & Sanitary fixture of reputed make. Provision of geysers in all bathrooms. Kitchen: Provision for Water Purifier/Exhaust Fan/Chimney Power Backup: 100% power backup will be provided. Fire Safety: Fire alarm and automatic sprinklers as per norms. Services: Car wash facility at the designated area. Provision for electric car charging. Electrical: Concealed copper wiring of reputed make. Power outlets for AC in Hall & all Bedrooms. Power outlets for geysers in all bathrooms & utility areas. All units are provided with power outlets for chimneys, refrigerators, mixers etc., in the kitchen Washing Machine point in utility area. Every flat has 3 phase supply with an individual prepaid meter. MCP (Miniature circuit board of reputed make) TV/ Telephone/ Internet: Telephone point in Hall/Living area. Intercom Facility. Internet: Provision for Internet connection provision at the Living/Hall area. WTP & STP: Water Treatment Plant for Bore-Well Water & Water Meter for each unit. Diamond Towers is one of the greatest choices for home buyers looking for 3 bhk flats for sale in Hitech City. It is the best real estate choice in the heart of the city that brings extravagant living with unlimited possibilities. Make an inquiry now.
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04 Mar 2022 | 6743 Views
Quthbullapur to Suchitra Road - Divider Constrcution With Green Landscaping
Quthbullapur to Suchitra Road - Divider Constrcution With Green Landscaping Commuting has caused trouble to inhabitants and visitors of the Suchitra circle for several years. To solve this, a new bridge was constructed over the drainage in the Suchitra circle to the Quthbullapur route. Other facilities like underpasses, elevated corridors, and service roads also started progressing to facilitate smooth traffic flow. Vemula Prashant Reddy, the Roads and Buildings Minister said that the Roads and Buildings Department with NHAI made project reports for these works. After the completion and progress of road extension in this area. Divider construction is now being carried out. This will help guide travelers regarding roads and routes and will ensure that there are no unnecessary jams that stimulate disputes and discomforts. To enhance the natural environment of these areas, lush greenery will also be incorporated in the upcoming project through green landscaping. This will provide a soothing effect and exemplify the natural aesthetic of the area.
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27 Dec 2018 | 711K Views
Stamp Duty And Property Registration Charges In AP
andhra pradesh property registration process the property registration is mandatory in india as per the indian registration act, 1908. the transfer of property is to be registered to obtain the rights of the property on the execution date of the deed. and accordingly, the house registration charges in ap will be levied. let us look at the process of property ap registration. updated information - (august 14, 2020) the government of andhra pradesh has enhanced the stamp duty on the registration of property effective from 11th august. in order to amend the market value, the ap government has formed committees under a joint collector for each district. the categories were divided on the basis of a municipal corporation/municipality, major gram panchayat, small gram panchayat. the market value for agricultural land is calculated in acres and residential properties in square yards. according to the amendment, the stamp duty is 5%, the registration fee is 1%, the transfer fee is 1.5% of the market value. on the issuance of gifts to family members, stamp duty is 2 percent, rs 1000 to rs 10000 fee, and the transfer charge is imposed. for the registration of family settlement, 2% stamp duty and registration fee can be paid. there is no transfer fee in respect of this category. what are the documents required for ap property registration? passport-size photo of property buyer and seller photo identification (voter card, aadhar card, passport, etc.) verified copy of the original sale deed. copy of the latest property register card (to be obtained from the city survey department). copy of municipal tax bill. stamp duty in andhra pradesh the stamp duty is the percentage of the transaction value levied by the state government, on every registered sale. does property registration benefits? registration of property helps for proper recording of documents which provide more authenticity. to ensure the prevention of fraud, conservation of evidence, the transfer of title to the owner. by registering property, the document will maintain an up to date public record. check out the price drops in hyderabad apartments in hyderabad starts from 15 lakhs plots in hyderabad below 5 lakhs villas in hyderabad below 80 lakhs stamp duty stamp duty is collected during the transfer of property from one person to another. the state government collects the amount and is governed under the indian stamp act 1922. the state government collects stamp duty, and it varies from one state to another. the payment of stamp duty includes stamp duty, transfer duty fee, and ap land registration charges. it is calculated on the market value of the property. stamp duty payment process if you buy a property, then registration of the new property is mandatory. also, you have to pay stamps and registration charges in ap. with the ap registration and payment of fees, you will become the owner of your property legally. this document helps in any future unexpected property disputes. you will also have a duplicate copy of your sale or transfer deed in sub-registrar’s office. it will help in the case if you lose your original documents. types of charges sale deed gift deed exchange deed partition deed lease deed (where the period of lease is more than 12 months) transfer deed mortgage deed power of attorney (general or special) calculation of the stamp duty charges differs based on below features: property location: a property located in an urban area attracts more stamp duty compared to rural areas. property type: lower stamp duty is charged for a residential property (flat/apartment) compared to a commercial property (industries/ commercial complex/ hotels). age of the property: a new property has more stamp duty than older/resale properties. gender of buyers: a female buyer can get a rebate on the stamp duty charges. age of buyer: a senior citizen can also get a rebate on the stamp duty charges. updated information: property registration charges in andhra pradesh in 2019: the state government fixes stamp duty. for example, in andhra pradesh, the base andhra pradesh stamp duty rate of apartment/ flat is 5%, transfer duty is 1.5%, and the registration fee is 0.5 %. stamp duty fee is imposed on the absolute estimation of the property. to know further details on ap land registration charges and stamp duty, go through the andhra pradesh state government official website.http://registration.ap.gov.in/ property stamps and registration charges in andhra pradesh in 2018. type of fee registration rates stamp duty rates transfer duty charges sale 1% 5% 1.50% gift (gift within the family) 0.5% 2% 0 exchange 0.5% 5% 1.50% partition 1000 2% 0 release 1000 3% 0 agreement of sale cum general power of attorney 0 0 0 how to calculate the stamp duty and registration charges? the stamps and registration ap charges are calculated using the formula given below: where property value is (higher of ready reckoner rate or actual transaction value) ready reckoner rate/circle rate means, it is the minimum value of the property that is fixed by the state government. and, stamp duty is calculated as the higher of ready reckoner rate or actual transaction value. many property transactions in india take place by the market rate in a particular locality. the stamp duty and registration fees are paid by the buyer are calculated from the market rate. in rare cases, where the rrr is higher, the stamps and registration fees in andhra pradesh will be calculated on the rr rate. for example: assume, the property value in a particular area has rrr (ready reckoner rate) of rs.5000 per sq.ft. however, if the market price of the property is rs. 6000 per sq.ft, the buyer has to pay stamp duty and ap land registration charges on rs.6000 per sq.ft, as it is higher. let you know in brief about the charges with the below example. example: if the ready reckoner rate is rs 70,00,000 and the actual transaction value is rs 80,00,000 then stamp duty @5% is calculated as stamp duty = 5% of (higher of ready reckoner rate or actual transaction value) (i.e.) 5% of (higher of rs 70 lakhs or rs 80 lakhs) 80, 00,000*5/100 = 4 lakhs registration charge =1% of (higher of ready reckoner rate or actual transaction value) (i.e.) 1% of (higher of rs 70 lakhs or rs 80 lakhs) 8000000*1.0/100 = 80,000 transfer duty =1.5% of (higher of ready reckoner rate or actual transaction value) (i.e.) 1.5% of (higher of rs 70 lakhs or rs 80 lakhs) 8000000*1.5/100 = 1, 20,000 therefore, the amount of the stamps and registration charges in andhra pradesh is 6,00,000 stamp duty = rs 4,00,000 registration charge = rs 80,000 transfer duty = rs 1, 20,000 total registration cost = 4,00,000+80,000+1,20,000 = 6, 00,000 do you plan to buy a property in andhra pradesh, it is essential to know about the ap land registration documents online process and charges involved in transactions. property registration is one of the crucial parts of property transactions. look at the below details to know detailed information on stamp duty and registration charges and process in andhra pradesh. the indian registration act 1908 in section 17 all transactions related to the transactions every property should be registered within six months of the sale deed in the registrar’s office. the advantage of the property registration in registrar’s office is it helps to preserve the title of ownership and future disputes. also, if any conflicts or misleading of property happens, it is used as a proof for your property. you can register your property by paying stamp duty and registration charges of stamps and registration ap. this stamp duty and registration charges are vary based on the area of the property located. in the process of property registration ap, you have to pay the fee includes registration charges, transfer duty, and stamp duty. these charges are paid as per the provisions of the state gram panchayats act 1964 and andhra pradesh municipalities act, 1965. payment procedure of stamp duty charges and registration fee in andhra pradesh: stamp duty charges and registration fee in andhra pradesh payment is explained below points: first, you have to fill the application form available on the website of the registration and stamp department. in this, you have to fill in the details of your property which are registered at the sub-registrar office. this process will reduce your time that will be taken in the office of sub-registrar. submit these details in the required format online. so, the applications can be processed without any delay. also, the whole process is available online. the sub-registrar officer add the details in the system to create accurate encumbrances. the application has the below information: type of deed (sale deed or sale agreement, etc.). buyer and seller full details details of the property. property boundaries. apartment or flat structure. the market value of the property. the final value of property charges. stamp duty payment charges. after the payment of these charges, you can book a slot for registering the document at the sub-registrar office at your required time. later you have to go to the sub-registrar office according to the booked time slot for document presentation. to fill the pre-registration application form, scheduling a time slot, and pay stamp duty is presented clearly in the following points submit the below ap land registration documents online at sub-registrar office: the original document with the signs of all parties. demand draft which has full payment of stamp duty, transfer duty (if any), registration fees, and charges of the user. buyer photo form of the seller and witnesses as per the section 32a witnesses who can identify the parties and their identity. buyer and seller address proofs. at the sub-registrar office, you can submit any one of the identity proofs like: aadhaar card passport driver’s license pan card ration card voter id a photograph of the property original general power of attorney or a special power of attorney with a photocopy copy of link ap land registration documents online. agricultural properties web land copy. copy of original pattadar passbooks and title deeds verified documents, the challan of actual fee, and e-kyc completion, documents of sub-registrar. you can follow the same procedure for registering your flat/apartment as well. visit https://propertyadviser.in to know about trending properties for sale in hyderabad. we guide you with accurate property information such as project construction photos, latest offers, available units, facings, builder info for a better understanding of the project. our 100% verified property information helps you in decision making. stamp duty and property registration charges in ap [updated] click to tweet by: shailaja k
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03 Jan 2023 | 6025 Views
Are you an informed real estate adult fit to make the best investment?
Are You A Real Estate Adult? Rather, Let’s Just Say, The Story Of A Real Estate Adult. Are you 21 years of age or more? Do you know the power you withhold? You can be the change, the change you desire! Unlike yesteryears, you are gaining knowledge every second, all thanks to Digitalisation. From banking, shopping, gaming, meditating, journaling, and conferencing, to dating and investing the world has seen a massive shift. When we are mere sponges soaking information day in and day out about any and everything around us, why not real estate? Real Estate is that one unsung market that hasn’t experienced many heads dabbling into the depths of it. While some think it’s buyer-driven, is it truly so? Poof, goes your bubble! Like you, most of the others that we have spoken to, think of Real Estate to be a “buyer-driven market”. We at Property Adviser, one of India’s largest property directories have helped a whopping 52,000 registered customers in the due course of our operation by educating them with the 5W’s and 1H of the real estate market. Additionally, in the last six months, we spoke to another 5000 registered customers and figured they live in the same myth of Real Estate being buyer driven! Disappointing but true! Assuming that this untapped market was truly buyers driven, would you really have to sacrifice parameters like location, budget, size, project prestige, and more? The harsh truth is, a builder is someone who manages to get land at a cheaper cost and markets his own ideas to forcefully suit your needs. Does succumbing to an excellent play of business qualify to be categorized as a “sacrifice”? Is it their smartness or your lack of knowledge? The real estate market seems to have fallen prey to some shrewd business owners who don’t care much about anything else but their growth. Is this how you expect the market to flourish? Often our “lack of knowledge”, “laziness” and “naiveness” in addition to our “FOMO” act as growth hurdles. Many a time, a small discount on the price blindfolds us towards the concept of transparency. A reduction in the price operates as per the rules of a builder. Do you know who really is the cause of these price fluctuations in the market? It’s you! Not everyone who aims at buying a house that they may have dreamt of while cycling to school or simply daydreaming must know the A to Z of the real estate market, but being informed matters. It not only makes you an enthusiast or an informed buyer but also ensures that your hard-earned money, 15 long years of education, and all the sacrifices you and your family may have made are invested in the right place. Once you understand the market and your needs, you my friend will drive the market and be your own hero. Knowledge never goes to waste, and, mastering it is a process or a journey. It’s a journey we can help you navigate, to bring out a change, a revolution. Your awareness, your understanding, and your thoroughness can drive the market to make it buyer driven transparent for it to flourish to its optimum. Today, we go by what the “mafias” of the market dictate not by our will inspite of it being our investment. Know the facts and let the market, supply your demands. Follow 1 Trec For Real Estate’s Reality Check! Indian real estate market trends facts subscription plans
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