Tips before purchasing a propertty

Before you invest in a flat, you should make sure that you enquire about the litigation of the land. The land should be free from any legal problems and in case it has any legal issues, you might end up abandoning the flat for invalid reasons. Also the builder should have an approved plan and in case it is a ready to occupy flat/apartment, demand the completion certificate from the builder. And if the flat is under construction, ask for the commencement certificate from the builder.
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earn a good return on property investment

An ideal investment property is one which offers a capital appreciation of minimum 10 percent per annum. So, if you are investing in real estate to fetch good returns, then you need to concentrate on the location of the property. Return on investment in real - estate is directly proportionate to the location of the property. Hence, before purchasing the property, one should very particular about its locality. Few points of consideration at the time of investment in real – estate are as follows:
• Invest in a growing area: Always invest in a growing location not in already established areas. For a middle class person with mediocre income, cost of property in established area is very high and mostly out of reach. If you want to purchase property in established area, then you need to compromise it with a small sized property. Secondly, the rise in the value of the property in pre established location is lower in comparison to the growing area. The cause remains in the nature of the real estate market. The prime or established areas reaches their worth over a definite phase of time afterwards it becomes stagnant.
• The property should have general amenities for value addition: If the property has general amenities in the nearby area, then it adds a great value to the worth of such property. For example, if the property has shopping complex, multiplex or other general amenities like swimming pool, open area, parks & playgrounds for kids, then everyone gets easily attracted, which in turn increases the value of your investment. If the property does not have such facilities, it should have a scope of such expansion plan. The possibility of better extension plan is more in the growing areas because its location is generally not overcrowded and have ample space for such amenities. Most of the upcoming real – estate projects have all these facilities with their projects to lure more and more investors.
• The property should have easy access to the public transport: Property should have well connected to the public transport as it is highly considered when someone is looking for a residence with rental or purchase option. Everyone has to travel for accomplishing everyday needs and a middle class family cannot afford higher petrol expenses for it. It is always ideal if the property and markets are nearby. Meanwhile, connectivity to public transport gives an added advantage to the property. For Example, in Delhi, people are checking the connectivity of property with metro rail facility because it has proved to be one of the most convenient type of public transport. So, an area which is near to the metro station is already double in worth in comparison to the area which is not connected to the metro. In this way, connectivity to public transport increases the return on your investment.
• Availability of Schools & Hospitals in nearby areas: Before investing in real – estate, always check the availability of hospitals & schools in the nearby areas. Anyone, who decides to live there would seek such basic facility. So, they will need a nearby school & hospitals. An area having reputed global / international schools and super specialty hospitals will have good worth and they can provide a good return on investment.
• Has scope for business & companies: Always keep your eyes and ears open in the area where large companies or corporate are relocating or already exist. If not, at least they need to have space to expand and its employees' needs residential space. If this happens, the value of real – estate rises in that area for housing of the employees.
If these tips are taken under consideration, then investors can get a good return on investments. These are just 5 basic points of consideration at the time of making investment in real – estate, however you should also take into account other relevant criteria while finalizing the deal.

Tips for buying a house

The top 10 things you need to know when buying a home.

1. Don't buy if you can't stay put.

If you can't commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner - even in a rising market. When prices are falling, it's an even worse proposition.

2. Start by shoring up your credit.

Since you most likely will need to get a mortgage to buy a house, you must make sure your credit history is as clean as possible. A few months before you start house hunting, get copies of your credit report. Make sure the facts are correct, and fix any problems you discover.

3. Aim for a home you can really afford.

The rule of thumb is that you can buy housing that runs about two-and-one-half times your annual salary. But you'll do better to use one of many calculators available online to get a better handle on how your income, debts, and expenses affect what you can afford.

4. If you can't put down the usual 20 percent, you may still qualify for a loan.

There are a variety of public and private lenders who, if you qualify, offer low-interest mortgages that require a small down payment.

5. Buy in a district with good schools.

In most areas, this advice applies even if you don't have school-age children. Reason: When it comes time to sell, you'll learn that strong school districts are a top priority for many home buyers, thus helping to boost property values.

6. Get professional help.

Even though the Internet gives buyers unprecedented access to home listings, most new buyers (and many more experienced ones) are better off using a professional agent. Look for an exclusive buyer agent, if possible, who will have your interests at heart and can help you with strategies during the bidding process.

7. Choose carefully between points and rate.

When picking a mortgage, you usually have the option of paying additional points -- a portion of the interest that you pay at closing -- in exchange for a lower interest rate. If you stay in the house for a long time -- say three to five years or more -- it's usually a better deal to take the points. The lower interest rate will save you more in the long run.

8. Before house hunting, get pre-approved.

Getting pre-approved will you save yourself the grief of looking at houses you can't afford and put you in a better position to make a serious offer when you do find the right house. Not to be confused with pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history.

9. Do your homework before bidding.

Your opening bid should be based on the sales trend of similar homes in the neighborhood. So before making it, consider sales of similar homes in the last three months. If homes have recently sold at 5 percent less than the asking price, you should make a bid that's about eight to 10 percent lower than what the seller is asking.

10. Hire a home inspector.

Sure, your lender will require a home appraisal anyway. But that's just the bank's way of determining whether the house is worth the price you've agreed to pay. Separately, you should hire your own home inspector, preferably an engineer with experience in doing home surveys in the area where you are buying. His or her job will be to point out potential problems that could require costly repairs down the road.

5 Key Tips to ensure Vaastu Shastra compliance in your home

In the present day, the number of Vaastu experts in our country is second only to the number of cricket experts and just like the latter, they have strongly differing opinions on w...hat rules and principles one must follow to ensure Vaastu Shastra compliance.

Given this information overload, what rules you should follow and what rules you can choose to discard are entirely at your discretion.

We wanted to make your life simpler and therefore, we have put together a list of five things that are an Absolute Must when you’re looking for a house.

(PS – even if you are not a believer, it doesn’t hurt to have compliance, simply to enhance the resale value of the house!)
1. Pre-construction

It is recommended that one performs a Bhumi Pooja (worshipping the earth) before starting the house construction. This is considered an auspicious beginning and heralds a good start to the proceedings.
2. House entrance

East is the most auspicious direction for the entrance of a home. This is because the sun rises in the east and is said to bring in positive energy and light into the household. The other acceptable direction that the house entrance can face is towards the North East.
3. Kitchen location

The South-East corner of the house is the most ideal one for the kitchen’s location and cooking supposedly should be done while facing the East. However, please bear in mind that the kitchen should not be located directly in front of the main door of the house.
4. Master Bedroom

The Master Bedroom should be located at the South West corner of an East-facing home. From our perspective, if you follow (2) and (3), you will ensure that you can sleep soundly without having to let the aroma or the noise accompanying the cooking to wake you up. Square and rectangular shaped bedrooms are recommended, so that you can leave the avant-garde construction to the other sections of the house.
5. Toilet location

The toilet location is another vital aspect, both from the perspective of Vaastu as well as from a general health and aesthetics angle. Toilets are to be located in the North-West corner of the building or the North-West corner of the rooms. If this is not possible, South East toilets are allowed. It is also recommended (and sensible, in our opinion, we might add), that the toilets, kitchen and Pooja room in the house should not be adjacent to each other.

There are numerous other terms and conditions that one must apply to get the perfect Vaastu compliance in the house. But we’re afraid that giving you all the information necessary and having you find a home that meets the parameters perfectly might add a couple of extra years to your house purchasing process.

List Of Documents Required While Buying a Land

1 Sale Deed, Title Deed, Mother Deed, Conveyance Deed
2 RTC Extracts
3 Katha Certificates and Extracts
4 Mutation Registration Extracts...
5 Joint Development Agreement
6 Power of Attorney
7 Sanctioned Building plan
8 NOC from Electricity Dept. / Pollution Dept. / Water Works / Port Authority
9 Sale & Construction agreement between developer/Builder & 1st owner
10 Copy of Possession letter from Builder / Developer
11 Any Loans on Property verification
12 Sale Agreement with the Seller
13 All Paid Tax receipts
14 EC up to date for last 13 years
15 Demand letter from Vendor before disbursement
16 NOC from Society / Building
17 No Due Certificate
18 Approved Plan
19 Layout approval plan
20 Auction Sale confirmation letter from local authority
21 Release Deed if any
22 Completion Certificate
23 Occupancy Certificate
24 Deed of Declaration
25 Latest Electricity Bill