Recent Changes In The Landscape of Indian Real Estate

The Indian government has introduced multiple regulatory changes to organize and structure the real estate landscape in India. The rapid changes are really transformative by all means. The regulation will not only be relevant for the existing land laws but will also give rise to a new set of laws which will be determined by the fiscal policies of the new government. The changes are expected to have a cascading effect on the real estate business in India. The real estate business has so far been very unorganized and unregulated. Here we will emphasize the key legal and regulatory changes that form the foundation of such a powerful and impactful transformation. Demonetization: The Indian Government was able to effectively wipe out old currency notes and establish the circulation of high-value currency notes of the new kind. This has been a mighty blow to the Indian real estate business because before demonetization the real estate business was surviving on the cash component of all business transactions. This had resulted in inflation in the real estate sector and caused an exponential growth in the Indian real estate market. As a result of demonetization, there is a significant reduction in stamp duties. Also, there has been a revision in the collector rates for immovable property. Overall this has led to the correction of real estate prices all over India. GST: The implementation of Goods and Services Tax has also affected the real estate prices in India. GST will replace all indirect taxes such as service tax, VAT and excise duty etc. Before GST a bunch of indirect taxes was resulting in a lack of transparency during a business transaction for the developers and the buyers. But implementation of GST has simplified the tax process. As a result, now buyers are clear about the tax they have to pay during the purchase of...

Why Formation of a Cooperative Society is Advantageous?

There is a special character in almost all the human beings across the world, and that character is they do not want to stay by their own, rather they prefer to stay in groups, with families, with friends, with colleagues, with neighbors. At the end of the day, human beings are the forms of social animals, who love to share and collaborate in the course of their lives. This sharing can take place either in the workplaces, or in the dwelling places. Devoid of the divergences in the cultural settings or ethnicities, they try to socialize, and perhaps that is the major reason behind the formation of societies and cooperatives in the major cities in India. Though there are a few disadvantages of living in a cooperative society, the advantages can surpass them given any day or any circumstances. Some of the major advantages of living in a cooperative society are as per the following: Security is a major concern for any of the human beings across the world. While living in a group of seemingly like-minded people, an observation has been made through an excellent dissertation that the perceived risk of security breach can be reduced to a great extent, and the major reason behind this aspect is the feeling of belongingness and togetherness. Support from the neighbors during the time of emergency can be obtained without any big hassle. Members living within the boundary of a cooperative society are most of the times ready to lend a hand to their neighbors during the times of any emergencies. Spending leisure time can turn out to be more fun, if it can be spent with families, friends, and peers, and that is the kind of enjoyment a cooperative can offer. For more information about reasons behind the preference of people regarding the formation of cooperative societies in different parts...

Proper legal documents

The first and one of the most crucial things that customers need to do when they are buying a house is to check the legal validity of all their documents and make sure that the title deeds are in order. This is vital because in the real estate industry many buyers have been known to get taken for a ride by sellers. Conversely, many sellers have also found themselves coming to grief at the hands of unscrupulous buyers. Buyers and sellers frequently lock horns in courtroom battles over the title deeds to a plot of land or a flat. In such cases, it is the validity of the title deeds that allows the court to make a decision on who gets eventual ownership of the flat. When family disputes arise over which brother or which sister gets ownership of the family home, it is the legal documents that decide the case in favour of one way or the other. During such disputes it is also advised to take advice from peers who have social desirability bias and would respond on the matter by seeing the social desirability perception. Each state has its own set of rules and regulations in this field. There are many people who have homes in different states. When they are purchasing a plot of land or a flat in another state, they should not automatically assume that they know the real estate rules there. The buyers and sellers should make it a habit to read all the local rules and regulations before venturing into a deal. They should also acquaint themselves with the local terminology because there are different words used for the same thing in different states. If they are buying a flat from a builder, they should insist that the builder hand over the rights to the property within a fixed time schedule....

Grouphomebuy.in and Its Services

Grouphomebuy.in is a website that was founded with the purpose of satisfying the desires of people (all around the nation) for properties. This is one such portal that offers apartments at huge concessions and within the budget. Not only this, the clients get to choose from a whole lot of other alternatives. The portal also provides services that assemble people with equivalent educational and financial standards at one place or society. It assists clients with discovering suitable houses or apartments for them. It undertakes operations day and night to make sure that their prospects are met. Its vast information base has enough experience to come up with probable solutions for all kinds of issues raised by the...

Save money when you buy a house

Home buyers always look for the best deals while buying a house. One of the best methods is group buying of homes, where you can surely save a penny. In the recent years, house prices have reduced and buyers became highly active in the real estate market. Buying houses in a group can be a tedious task for buyers. But, the excitement of owing a new house pushes you harder and reduces all your frustrations. Having a good property with lavish features has always been a dream for normal people. To solve this problem, the experts of the real estate industry have bridged the gap between the buyers and sellers, and introduced the concept of group home buying. It is very beneficial for both buyers as well as sellers. Buyers will get an opportunity to buy some good properties at a much lesser price. At the same time, the seller will get the benefit of selling maximum number of properties in a single deal. In short, group buying has given a practical solution for buyers who want to save a penny. In earlier days, the process would be somewhat like – the builder gives the buyer a final price, which will be the only option to buy a house. Today, the group buying method gave rise to a new concept in which the buyers can join hands with a third party/platform and choose a suitable house in affordable price range. There are plenteous of third party companies/platforms that act as mediators between the buyers and builders. These third party companies are tied up with some reputed builders to eventually help them in selling maximum houses. For this, the builder has to quote the lowest possible price, which they will offer to the buyer. If you are looking for one such platform, you can visit grouphomebuy.in, where a potential home...

The free real estate broker

When was the last time you approached a real estate broker or a middlemen who never charged you for showing a flat or a villa to buy. If you think that is impossible, I can show you one such friendly company which never charges a single rupee to show you a flat or a land to buy. Grouphomebuy is a company started with a mission to solve the real estate problems of millions of Indians. Grouphomebuy has its operation spread across all major cities like Mumbai, Pune, Delhi, Chennai, Bangalore, Chandigarh and Ahmadabad. The company shows you a flat or a place to buy which is according to your taste and economic situations and even bargains the prices in the favor of the buyer. It is hard to believe, but yes here is a customer friendly company, which supports a good cause. This is possible because of decades of valuable experience in real estate and good network relations with major construction companies. The concept of the company is to bring together a group of people who would like to buy a flat or an individual home at a specific location at their convenient prices. Grouphomebuy takes the task of bringing all those individual under one roof and bargain the builder in favor of the customers. With individuals becoming a group the bargaining power increases which helps Grouphomebuy for strong negotiations. This is possible only with the group buyers as the number increases cost decreases and vice versa. With growing real estate problems and with more middlemen the cost of flats has been increasing and so Grouphomebuy has taken the task of eliminating the middlemen thereby saving the amount for the buyers. Grouphomebuy only charges money from the builders and that too in a reasonable and transparent way. Grouphomebuy has taken the enormous task of bringing the builders and the...