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Showing posts from September, 2022

BEST BUY BACK OFFER ON VILLA PROJECT IN HYDERABAD. AND GET A REGISTERED PLOT AS SECURITY.

Hyderabad is an emerging market in terms of real estate and IT sector. So everyone is investing their money to grow in diferrent forms, so everyone has to think about to invest as per their financial conditions. The investments might be in the form of plot of land, villa, flat, farm land, farm house, or MOU buck back offers, money invested in real easte project which has decenet amount of returns in a short span of time. If you have small amount which doesnt fetch you to buy property, inspite of keeping money idle invest small amounts in as BUY BACK offer which has security. invest in safe offers. 1) INVEST 50 LAKHS AND GET 90 LAKHS IN 24 MONTHS. 2) INVEST 35 LAKHS AND GET 55 LAKHS IN 24 MONTHS. 3) INVEST 25 LAKHS AND GET 40 LAKHS IN 24 MONTHS.  GET A VILLA PLOT REGISTERED AS A SECURITY IN THE PROJECT. COLLATERAL MOU. TO KNOW MORE ABOUT THE PROJECT AND ITS ANVANTAGES PLEASE DO CALL ME ON 6303114076

MEANING OF MUTATION OF A PROPERTY IN INDIA?How Much It Is Important To A Buyer?

A Mutation of property means a transfer of property from one person to another person and its title in the name of a purchaser like plot, flat, villa, commercial space etc,. Merely having a title deed not enough to claim the ownership but also mutate the property during purchasing which safeguards their future repercussions. Mutation of property stands as a proof of ownership of the property How mutation can be done to the purchased property It can be done instantly while making the registered sale deed document by paying the fees on 100 Rs stamp paper or as soon as possible in the sub registrar office. But it should be done during registration by furnishing the required a copy of documents like property sale deed, property tax cleared bill, water tax cleared bill, electricity bill ,etc. In case of mutation of a property after death of an owner one has to furnish death certificate, a copy of a will, an affidavit, notary, and all property taxes cleared. In case of power of attorney, on...

WHAT IS THE MEANING OF NIL EC?

EC means Encumbrance Certificate which is a document concerning all the details of the plotted area, house, flat, villa, etc., mostly required to know more about its legality and title of an individual’s property. EC is obtained to know the property is free from all encumbrances or debts or any legal hindrances. EC is obtained from the concerned Sub-Registrar office by paying fees. A NIL EC means there are no registered transactions for the respective property mentioned for that application. NIL EC has no list of transactional information, liabilities, or any deeds mentioned for a given period. EC certificate is used as one of the legal documents before purchasing the property which can be procured for the Sub-Registrar office by paying a fee.

WHAT IS A JOINT DEVELOPMENT AGREEMENT IN REAL ESTATE SECTOR?

A Joint Development Agreement JDA is a written agreement between both the parties i.e. the land owner and builder or developer wherein one gives land for development to the builder and the builder agrees to build the project with his skilled team of different kinds of workers to a finished apartment/ or any civil project. Here both the land owner and builder pool their concerned resources and share the profit in the flats or as per their agreed terms and conditions. The Joint development agreement is done on a stamp paper in a registered document at the Concerned Sub-registrar office by paying fees with all the terms and conditions mentioned in it with witnesses signed. ADVANTAGES OF JOINT DEVELOPMENT AGREEMENT Less capital investment for both parties and not a burdening fact for developers. A very minimalistic initial investment is needed for both the parties like a land owner gives his land to develop and a builder puts his skilled resources to build the property to its final stage...

IMPORTANT THINGS TO KNOW BEFORE BUYING A LANDOWNER’S PROPERTY SHARE.

    A landowner is a person who owns a piece of land and agrees to a joint venture with the builder to develop a part of the land in the form of flats, villas, houses, apartments, etc. Here both the parties agree to build a venture. Hence the land owner agrees to share the land and the builder builds the whole project and both the builder and owner share the property as per their agreed terms after completion of the project. The builder and the land owner make an agreement duly signed with the witnesses with the concerned Registration Office by paying the required stamp duty and fees. So the builder sell the builder’s share as per their agreement and the land owner sell his share and vice versa after the completion of the project. If a buyer wants to purchase the land owner’s share, before buying he has to verify and implement the list of must-do things which are mentioned below. Here we take an example of an apartment in this discussion. List of things a buyer must know bef...

Do You Know What Is A Conveyance Deed?

There are various types of documents for the transfer of property rights. To buy or sell a property you make a document as per the nature of the transfer. Here conveyance deed is transferring property rights to another person on a written document made and executed between claimant and executants at the concerned jurisdictional Sub–Registrar office by paying attracted stamp duty and fees.   Conveyance Deed Definition A conveyance deed is a legal document that is used to transfer the title of property from one person to another as a gift, an exchange, a lease, a mortgage, etc. A gift deed, mortgage deed, lease deed, or sale deed can also be called a conveyance deed. Hence there is a slight difference between a sale deed and a conveyance deed. Conveyance deed is a broader term that includes any property ownership transfer in the form of a gift, mortgage, lease, exchange, etc. in favor of the buyer. A legal document to transfer ownership through property sale is called a sale dee...

How Much Safe Is It To Buy A Property Through General Power Of Attorney?

Before executing the General Power of Attorney, the executants & claimant has to know all the legalities and their authenticity to what extent this document is valid and cannot be revoked in the courts of law. A GPA means the power given to any confidant or his acquaintance to carry out specific financial or legal obligations on the owner’s behalf wherein an owner is not present physically for due course obligations. GPA is practiced to a greater extent, especially in the fields of Indian Real Estate. But as per the Supreme Court of India judgment of 2011 transferring property through GPA is deemed to be invalid. This practice of adopting GPA is widely in use, because the buyers feel they can evade the taxes or fees needed to pay to the government and many more other reasons. So before signing the GPA document, one has to know all the pros, cons, and nuances of buying the property and make them safe to not fall prey into legal glitches. A GPA is a document that is to be regist...

Hyderabad's ORR Is Set To Get World Class Makeover.

Telangana government is modernising the present ORR with par excellent than developed countries . Presently, the solar roof cycling track, widening of service roads, beautification by installing sculptures, development of lush greenery, construction of an a trumpet-shaped interchange at Neopolis Layout, and entry and exit ramps to connect ORR and nearby localities are underway. The projects on the ORR including the life-saving Trauma Care centres, Drip Irrigation Project and illumination of the entire ORR. Along with that a 21-km Solar-Roofed cycling track Cycling facility an improvised version of South Korean model will be a laid by next year  with the HMDA planning to generate 16MW of power through the solar roofing of the cycle track. The works are underway installing LED illimunation from kokapet to shamshabad which is generated from Solar-Roof Top cycling track. In this connection, the officials from HMDA also visited South Korea and studied a similar cycle track project between D...

A New Cycling Track To Be Layed By HMDA.

KT Rama Rao Telangana Municipal Administration Minister on Tuesday, September 6, laid the foundation for a solar-roofed cycling track in Hyderabad. The Hyderabad Metropolitan Development Authority (HMDA) is developing the 23-km cycling track along the service road of the Outer Ring Road (ORR) between Nanakramguda to Telangana State Police Academy and from Narsingi to Kollur, the minister’s official Twitter account said. The track which is around 23 km-long  will be built in first phase and further would be expanded. It would be completed by 2023. It is not only a cycling track but also solar roof top which generates about 16 MW of power which is used around the needed amenities. It is also installed with 24×7 CCTV surveillance along the track to ensure the safety. Along with the safety, Food kiosks, toilets, cycle parking docks, cycle repairing stations and also first aid centres would also be arranged. Cycle rental stations where cycles would be available for a nominal rent ...