A turnaround was witnessed in 2000 when markets started strengthening; the middle class consumption (driven by low rates of interest) increased dramatically. Also the off take 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. The appreciation in the correct deals in Real Estate in correct locations is many fold. 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 have 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, best resale value, safety, law and order and other relevant issues.
Best Resale value
Genuineness of property / Genuine Real Estate Developer
Title checking
Best and compatible price
Services provided like power backup, recreation facilities, club etc
The society provides personalized service to the NRI / PIO according to the requirement and budgets. It also felicitates the NRI/ PIO’s for arranging home loans through various financial institutional, if required. The society which is backup by one of the leading law firm 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 services : 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 Divional 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 NRI’s / PIO’s.