Fine properties 360

    MUST KNOW REAL ESTATE TERMINOLOGIES.  Important terms   Acre – Often used in Indian real estate unit of measurement of a big chunk of land area. 1 Acre is equals 43560 sqft. Allottee – A person who is allotted a property, either by a government body/authority or by a developer.   Agent – Agent in real estate is usually referred to the Realtor or Broker. An agent plays the role of a facilitator for property transactions for consideration.   Appraisa l – A written report of the estimated value of a property prepared by a certified Real Estate appraiser or a valuer.   Appreciation – An increase in the value of a property due to changes in market conditions or other causes over a period of time. Assessed Valuation – The value that a taxing authority places on real property to determine the amount of taxation for that property.   Benami Ownership – In Benami Ownership, the title of the property is in one party’s name and the real ownership is in another party’s name. Beneficiary –

    MUST KNOW REAL ESTATE TERMINOLOGIES.    Important terms   Acre – Often used in Indian real estate unit of measurement of a big chunk of land area. 1 Acre is equaled 43560 sqft. Allottee – A person who is allotted a property, either by a government body/authority or by a developer.  Agent – Agent in real estate is usually referred to as the Realtor or Broker. An agent plays the role of a facilitator for property transactions for consideration.   Appraisa l – A written report of the estimated value of a property prepared by a certified Real Estate appraiser or a valuer.   Appreciation – An increase in the value of a property due to changes in market conditions or other causes over a period of time. Assessed Valuation – The value that a taxing authority places on real property to determine the amount of taxation for that property.  Benami Ownership – In Benami Ownership, the title of the property is in one party’s name and the real ownership is in another party’s name. Benefici

  4 KEY DRIVERS OF REAL ESTATE GROWTH IN INDIA.  Real Estate refers to land, as well as any physical property or improvements affixed to the land, including houses, buildings, landscaping, fencing, walls, etc. The key demand drivers of the real estate industry are the residential properties, office spaces, retail space, hotels, etc. 1)       Residential real estate development – Residential property in India is an emerging market. The growth in the residential real estate market in India has been largely driven by rising disposable incomes, rapidly growing middle class, low-interest rates, fiscal incentives on both interest and principal payments for housing loans, heightened customer expectations as well as increased urbanization and a growing number of nuclear families.   Residential real estate market in India has seen mounting prices. India has been through developments in residential plots, housing complexes, and luxury housing units. The residential

  4 KEY DRIVERS OF REAL ESTATE GROWTH IN INDIA.   Real Estate refers to land, as well as any physical property or improvements affixed to the land, including houses, buildings, landscaping, fencing, walls, etc. The key demand drivers of the real estate industry are residential properties, office spaces, retail spaces, hotels, etc. 1)      Residential real estate development - Residential property in India is an emerging market. The growth in the residential real estate market in India has been largely driven by rising disposable incomes, rapidly growing middle class, low-interest rates, fiscal incentives on both interest and principal payments for housing loans, heightened customer expectations as well as increased urbanization, and a growing number of nuclear families.  The residential real estate market in India has seen mounting prices. India has been through developments in residential plots, housing complexes, and luxury housi

 ‘Undivided Share of Land’ (UDS) in the apartment:   Undivided share of land Most important awareness in any real estate purchase in an apartment. Buyers often decide their property purchase based on the factors like built-up area offered and the additional amenities attached to the flat. But most important awareness in any real estate purchase in an apartment which is the actual land that one will own is often overlooked. This is more so in the case of the apartments. When an apartment is purchased a certain value of the land will also be allocated in the name of the buyer. This portion is called UNDIVIDED SHARE OF LAND (UDS). It is a part of the plot given to the owner of the flat in an apartment complex on which the entire structure is built. This share of land has no defined boundaries and each and every flat built on that particular plot will have associated UDS. Significance of UDS 1. The building itself isn’t of much importance because the value of the constructed area depreciat

 ‘Undivided Share of Land’ (UDS) in the apartment: most important awareness in any real estate purchase in an apartment.   Most important awareness in any real estate purchase in an apartment . Buyers often decide their property purchase based on the factors like built-up area offered and the additional amenities attached to the flat. But most important awareness in any real estate purchase in an apartment which is the actual land that one will own is often overlooked. This is more so in the case of the apartments. When an apartment is purchased a certain value of the land will also be allocated in the name of the buyer. This portion is called UNDIVIDED SHARE OF LAND (UDS). It is a part of the plot given to the owner of the flat in an apartment complex on which the entire structure is built. This share of land has no defined boundaries and each and every flat built on that particular plot will have associated UDS. Significance of UDS 1. The building itself isn’t of much importa

Telangana government earmarks Rs 400 crore for taking up the land survey   While it is estimated that Rs 600 crore would be needed for a complete survey government allocated Rs 400 crore. The balance will be released in the 2022-2023 fiscal . For taking up an integrated and comprehensive land survey in the state, the government has earmarked Rs 400 crore in the upcoming financial year. The revenue department has gathered information about how states such as AP, Orissa, Rajasthan, and Bihar are doing land surveys, especially regarding technology and cost.   “Based on this, we will provide exact latitude and longitude of lands in passbooks. Not only agricultural lands, but endowment, Wakf, forest, and other government land disputes will be resolved,” the government said.

  Telangana government earmarks Rs 400 crore for taking up the land survey   Telangana government earmarks Rs 400 crore for taking up the land survey While it is estimated that Rs 600 crore would be needed for a complete survey government allocated Rs 400 crore . The balance will be released in 2022-2023 fiscal . For taking up an integrated and comprehensive land survey in the state, the government has earmarked Rs 400 crore in the upcoming financial year. The revenue department has gathered information about how states such as AP, Orissa, Rajasthan, and Bihar are doing land surveys, especially regarding technology and cost.  “Based on this, we will provide exact latitude and longitude of lands in passbooks. Not only agricultural lands, but endowment, Wakf, forest, and other government land disputes will be resolved,” the government said.

  Telangana government to crack the whip on illegal land schemes ​ It added: “… the sale of UDS lands without prior registration of the project with TS-RERA shall attract penalty up to 10% of the total project cost under Section 59 of the RERA Act, 2016.” HYDERABAD : Cracking the whip for the first time on developers illegally selling undivided share (UDS) of land in realty projects, the Telangana State Real Estate Regulatory Authority (TS-RERA), on Thursday, said that such sales will attract severe punishment – up to 10% of the total project cost. The decision was taken following a meeting with industry representatives and other senior officials. “It has come to the notice that certain promoters/builders/developers are advertising/marketing/selling units in un-divided share of lands in projects to be launched/constructed at nominal/discounted prices. This is not in consonance with Section 3 (1) & 4 (1) of the Real Estate (Regulation and Development) Act, 2016 and Rule 1 (2) of th

                                        TRANSFER OF DEVELOPMENT RIGHTS (TDR)   WHAT IS TDR? Transfer of Development Rights (TDR) means making available a certain amount of additional built-up area in lieu of the area relinquished or surrendered by the owner of the land, so that he can use extra built-up area either himself or transfer it to another in need of the extra built-up area for an agreed sum of money.     Purpose of TDR: The process of land acquisition in urban areas for public purpose especially for road widening, parks and playgrounds, schools, etc., is complicated, costly, and time consuming. In order to minimize the time needed and to enable a process, which could be advantageously put into practice to acquire land for a reservation purposes mentioned above. Development Rights Certificate (DRC), whether transferable / Inheritable: If the owner of any land which is required for road widening for the formation of new roads or development of parks playgrounds, civic amenities

  Telangana government to crack the whip on illegal land schemes ​ It added: “... the sale of UDS lands without prior registration of the project with TS-RERA shall attract penalty up to 10% of the total project cost under Section 59 of the RERA Act, 2016.” HYDERABAD : Cracking the whip for the first time on developers illegally selling undivided share (UDS) of land in realty projects, the Telangana State Real Estate Regulatory Authority (TS-RERA), on Thursday, said that such sales will attract severe punishment – up to 10% of the total project cost. The decision was taken following a meeting with industry representatives and other senior officials. “It has come to the notice that certain promoters/builders/developers are advertising/marketing/selling units in the un-divided share of lands in projects to be launched/constructed at nominal/discounted prices. This is not in consonance with Section 3 (1) & 4 (1) of the Real Estate (Regulation and Development) Act, 2016 and Rule 1

                                          TRANSFER OF DEVELOPMENT RIGHTS (TDR)   WHAT IS TDR? Transfer of Development Rights (TDR) means making available a certain amount of additional built-up area in lieu of the area relinquished or surrendered by the owner of the land so that he can use extra built-up area either himself or transfer it to another in need of the extra built-up area for an agreed sum of money.   Purpose of TDR The process of land acquisition in urban areas for public purposes especially for road widening, parks, and playgrounds, schools, etc., is complicated, costly, and time-consuming. In order to minimize the time needed and to enable a process, which could be advantageously put into practice to acquire land for preservation purposes mentioned above. Development Rights Certificate (DRC), whether transferable / Inheritable If the owner of any land which is required for road widening for the formation of new roads or development of parks playgrounds, civic ameniti

  121 sq yards Land offered to farmers A blueprint of a nearly 500-acre residential layout developed within Hyderabad Pharma City for the affected property owners  In a bid to convince landowners to part with their property for the prospective  Hyderabad pharma city on the outskirts of the city, the state government has offered an additional 121-square yard (a gunta) developed plot per acre of land given for the project as part of the compensation package. They will also get compensation as per the Land Acquisition Act, 2013.   The government had acquired about 11,000 acres of land for developing Hyderabad Pharma City near Shamshabad in Rangareddy district, being touted as a world-class sustainable industrial cluster. Besides compensation for land acquisition as per the Land Acquisition Act, the government had earlier assured those who gave land for the project that at least one eligible member per family would be given a job. The housing colony, being developed to an extent of n

  Government offers 121 sq yard of a developed plot per acre given for Hyderabad Pharma City A blueprint of a nearly 500-acre residential layout developed within Hyderabad Pharma City for the affected property owners   In a bid to convince landowners to part with their property for the prospective  Hyderabad pharma city on the outskirts of the city, the state government has offered an additional 121-square yard (a gunta) developed plot per acre of land given for the project as part of the compensation package. They will also get compensation as per the Land Acquisition Act, 2013 .   The government had acquired about 11,000 acres of land for developing Hyderabad Pharma City near Shamshabad in Rangareddy district, being touted as a world-class sustainable industrial cluster. Besides compensation for land acquisition as per the Land Acquisition Act, the government had earlier assured those who gave land for the project that at least one eligible member per family would be given a j

FTL  LAND (FULL TANK LEVEL) Full Tank Level FTL means Full Tank Level, which is a waterbody like Lakes, ponds, Nalas, Kuntas ,.etc wherein any kind of constructions or developments are prohibited in and around the said FTL zones, It has a buffer zone demarcated around the FTL zone to protect the waterbodies from any futher enchroachments. If any constructions are done those cannot be considred as legal and cannot be challenged in courts if its under buffer zone. If any venture or house is constructed in FTL zone it cannot be registered, transferable.   Lake maps are being prepared to show Full Tank Level (FTL) boundaries, showing Latitudes-longitudes coordinates and buffer zones all around the lakes, and subsequently superimposed with Revenue survey numbers of the relevant part of the village map. Restriction of building activities in the vicinity of water bodies.   The Hyderabad Metropolitan Development Authority is constituted under the provisions of HMDA Act, 2008 for the purpose