Real Estate
A turnaround was witnessed in 2000 when markets started strengthening; the middle class consumption (driven by low rates of interest) increased dramatically. Also the take off by the IT sector has been huge, prices have moved upwards, in some cases too sharply for comfort.
There are opportunities available today for investment across all types of real estate and across all budgets.
Factors to be considered before investing in real estate are:
- Purpose for the property
- Location
- Size of the property
Investors are investing in real estate for:
- Office space
- Various Industries
- Retail business
- Mall development /promotion
- Floriculture
- Farm products- production/packaging
- Factories / supply units for their adopted countries like garments production for their sale outlets outside India
Services offered in the sector of Real Estate
Buying Real Estate in India – Real Estate in India is at boom now a day. Every NRI/ PIO wants to get a property in India as emotionally attached, for future needs, for investment purpose or for some other reason. But before buying a property there are various exercise needs to be done like
- Best Location – according to area, population, weather, culture, religion, safety, law and order and other relevant issues.
- Best re-sale value
- Genuineness of property / Genuine Real Estate Developer
- Title checking
- Best and compatible price
- Services provided like power backup, recreation facilities, club etc
The Bhartiya Society provides personalized service to the NRI / PIO according to the requirement and budgets. It also facilitates the NRIs/ PIOs for arranging home loans through various financial institutional, if required. The society which has a strong relationship with ASC, Solicitors and Advocates i.e. one of the leading law firms of India corroborate the authenticity of the property, do title check, documents checking so that the NRI / PIO will get the genuine and first title of the property, with which their money and sentiments are attached.
- Managing Real Estate in India: After buying the property the next important step is to manage the property, paying house tax regularly, take care of fixture and furniture so that the property should not depreciate, leasing out the property to the genuine tenant through proper lease deed and the most important is to arrange to save the property from trespassers. The societies on the requirement of its member provide them with all mentioned services. The customized services would be provided to the NRI / PIO member according to the need.
- Legal service : As mentioned above there are various legal requirements in real estate like title checking, drafting sale deed, lease deed, registration of sale deed / lease deed, Preparing & evaluating all of the documents necessary to complete a transaction efficiently & correctly, Negotiating , drafting and reviewing sale and purchase agreements, Recommending financing options, Representation before various authorities such as Sub Divisional Magistrate, Registrar, Courts etc, litigation inheritance of immovable property etc. The society with the help of expert lawyers of property laws provide all these services to NRIs / PIOs
