Insights

The Occupancy Certificate: What are they?

An occupancy certificate (OC) issued by local authorities certifies that a building is fit for occupation and was built in accordance with the approved plan and local laws. What is the importance of an occupancy certificate? An occupancy certification shall be given by a local government agency or planning authority upon the completion of a…

The completion certificate: What are they?

A completion certificate is a document issued following an inspection of a real estate project that states that it was built in accordance with the approved building plan and meets all of the necessary standards set by the local development authority or municipal corporation. This certificate is essential for both developers and owners of standalone…

The Commencement certificate: what are they?

A commencement certificate is a document issued by the local municipal authority that allows the developer to start working on the project. The commencement certificate (or CC) is usually issued only after the developer has met all of the legal requirements and obtained all of the necessary approvals for the building’s design. How can a…

Registration of property transactions in India

When a buyer acquires a property, the legal Registration of property takes place only when the immovable asset is registered under his name in the government’s records. Since the various monetary implications typically affect the buyer, this complex process also requires them to have a clear understanding of the laws that regulate such affairs in…

How technologies can benefit real estate developers

Technologies in Real estate: Real estate is one of the few sectors that has consistently provided investors with reasonable returns over a long period of time. There aren’t many pockets in the sector that have given negative long-term returns. However, real estate developers and builders have always faced cash flow issues and challenges. Despite the…

Rent vs Lease: What Is The Difference?

Although most renters use the terms rent and lease interchangeably, leasing a property is not the same as renting a home. Depending on how the rent agreement is drafted and registered, there are several legal ways to rent a property. A lease is only one method of renting an apartment. A rent agreement can be…

REITs and INVITs could make India a global financial center

REITs and INVITs have been a success story globally and is the primary capital raising avenue for real estate assets and so its potential in India is obvious. Since the pandemic, there has been a restructure in terms of investments, with the focus shifting from China to India as a preferred investment destination. The change…

Investments in real estate offer good returns

Investments in real estate: Since 2010, the real estate industry has changed dramatically, particularly in areas such as Pune, Bengaluru, Hyderabad, and Delhi-NCR. However, due to a lack of sufficient land banks and high costs, these cities are approaching saturation. As a result, many emerging towns are expected to become popular tourist destinations in the…

The real estate industry drifts towards more profitable ventures

Homebuyers are increasingly purchasing/investing in the real estate industry for smaller houses, and these have become very popular as a ticket size. For a long time, smaller apartment sizes have been gaining popularity, and this can be seen as a continuation of the old storey that most of us have grown up with. More than…

Property prices expected to drop? Don’t think so!

Anticipating property prices to get cheaper? Following the 2nd wave, business activities in the country came to a virtual halt, and the economy experienced a jolt. As demand fell, so did the value of the real estate. However, the silver lining is that the situation has been stabilized, and the economy is now reviving. We…

Rental bonds can create a well-knitted real estate community

Rental bonds: For most Indians, owning a home has always been a dream. The country’s social fabric has long been woven around the family’s financial security being linked to homeownership. However, the trend appears to be shifting. A large portion of today’s generation would rather rent a home than commit to a long-term mortgage. Apart…

Fixed or Floating rate home loans: Which is best?

Fixed or Floating rate: Lending rates in India are currently at a decade low and are expected to remain so for the next one to one and a half years due to slow economic activity caused by the ongoing Covid-19 pandemic. However, since the second half of the fiscal year ended March 2021, there has…

Real estate prices in India affected by resurgent Coronavirus?

The second wave of coronavirus caused chaos on real estate prices in India. Few could have predicted that Covid-19 would return with such a drastic change and kill so many people. Businesses are bearing immense and unimaginable losses as a result of the lockdown imposed in many states and districts. Realty prices may see upward…

Residential property investment: Things to consider

Residential property purchase has been a significant milestone in one’s life since time immemorial, whether as an investment or as a dream home. With rising income levels, especially among the urban population, the importance of owning residential real estate in India has grown in recent years. While commercial real estate has become increasingly popular among…

Why Rental Properties Are Still A Profitable Business

For the time being, Rental Properties appears to be recovering, and people are working hard to put 2020 behind them. Last year, the real estate industry was just one of many that were unprepared. It may appear that the industry will continue to decline. On the contrary, sellers may still be able to sell their…