Author: Liyans.com

Buying a property is a significant investment, and it is essential to ensure that all legal requirements are met before making the purchase. One of the crucial documents that a buyer must obtain is a completion certificate. In this article, we will discuss why a completion certificate is important when buying property.

Legal Compliance
A completion certificate is issued by the local municipal authority or the development authority after the construction of a building is completed. It certifies that the building has been constructed in compliance with all the legal requirements and regulations. The certificate ensures that the property is legally fit for habitation and that it meets all the safety and environmental standards set by the local authorities.

Loan Approval
When buying a property, most buyers opt for a home loan to finance the purchase. Banks and financial institutions require a completion certificate as proof that the property is legally fit for habitation and that it meets all the safety and environmental standards set by the local authorities. The certificate is essential for loan approval, and without it, the loan application may be rejected.

Resale Value
A completion certificate is an important document that adds value to the property. It serves as proof that the building has been constructed in compliance with all legal requirements and regulations, which can increase the resale value of the property. When selling a property, buyers often look for properties with all legal documents in place, including a completion certificate.

Peace of Mind
Obtaining a completion certificate provides peace of mind to the buyer. It ensures that the building has been constructed in compliance with all legal requirements and regulations, which reduces the risk of any legal issues or disputes in the future. It also ensures that the property is safe for habitation and meets all environmental standards set by the local authorities.

Conclusion
In conclusion, a completion certificate is an essential document when buying property. It certifies that the building has been constructed in compliance with all legal requirements and regulations, ensures loan approval, increases resale value, and provides peace of mind to the buyer. It is important to obtain a completion certificate before making any property purchase to ensure that all legal requirements are met.

The Indian luxury real estate market is witnessing a significant shift in demographics, with millennials emerging as a key driving force. Among this group, the academic elite are playing an increasingly important role in shaping the market, with their unique preferences and requirements.

 

The academic elite are a subset of millennials who have achieved academic success and are often employed in high-paying jobs in fields such as medicine, engineering, and law. They are typically well-travelled and have a global outlook, which is reflected in their lifestyle choices, including their real estate preferences.

One of the key trends among the academic elite is a preference for luxury properties that offer a high degree of privacy and exclusivity. Gated communities and standalone villas are particularly popular, as they provide a sense of security and seclusion.
Another trend is a focus on sustainability and eco-friendliness. The academic elite are conscious of their impact on the environment and seek out properties that are designed to be energy-efficient and eco-friendly.

In addition, the academic elite are also driving demand for smart homes and integrated technology. They value convenience and efficiency, and seek out properties that offer features such as home automation, security systems, and high-speed internet connectivity.
The rise of the academic elite is also reflected in the location preferences of luxury real estate buyers. While traditional markets such as Mumbai and Delhi remain popular, there is growing interest in emerging markets such as Pune, Bengaluru, and Hyderabad, which offer a high quality of life and access to top-tier educational institutions.

Developers are taking note of these trends and are adapting their offerings to cater to the needs of the academic elite. Many are incorporating sustainable features, smart home technology, and exclusive amenities such as private pools, gyms, and spas into their projects.

In conclusion, the rise of the academic elite is reshaping the luxury real estate market in India. Their unique preferences and requirements are driving demand for properties that offer privacy, sustainability, and technology integration. As developers continue to adapt to these trends, it is likely that we will see further growth in this segment of the market in the coming years.

When it comes to buying or selling property, many people turn to a real estate broker for guidance. A broker is a licensed professional who acts as an intermediary between buyers and sellers, helping to facilitate the transaction and ensure that both parties are satisfied with the outcome.
But what exactly does a broker do, and what are their responsibilities? In this article, we’ll take a closer look at the role of a real estate broker and explore some of the key responsibilities they have.

What is a Real Estate Broker?
A real estate broker is a licensed professional who helps buyers and sellers navigate the complex world of real estate transactions. Brokers typically work for real estate firms or operate independently, and they are responsible for a wide range of tasks related to buying and selling property.

Responsibilities of a Real Estate Broker
The responsibilities of a real estate broker can vary depending on the specific transaction and the needs of their clients. However, some common responsibilities include:

1. Representing Clients
   One of the primary responsibilities of a real estate broker is to represent their clients’ interests throughout the buying or selling process. This includes negotiating with other parties, providing advice and guidance, and advocating for their clients’ needs and preferences.

2. Marketing Properties
Brokers are also responsible for marketing properties that are for sale or rent. This may include creating listings, taking photographs, and promoting properties through various channels such as online listings, social media, and print advertising.

3. Conducting Property Inspections
Brokers may also be responsible for conducting property inspections to ensure that properties are in good condition and that there are no major issues that could impact the sale or rental of the property.

4. Handling Legal Documents
Real estate transactions involve a lot of legal documents, and brokers are responsible for ensuring that all necessary paperwork is completed accurately and on time. This may include contracts, deeds, and other legal documents.

5. Providing Advice and Guidance
Finally, brokers are responsible for providing advice and guidance to their clients throughout the buying or selling process. This may include helping clients understand the market, providing advice on pricing, and offering recommendations on how to prepare a property for sale.

Conclusion
Navigating the real estate market can be a complex and challenging process, but working with a licensed real estate broker can make it easier. Brokers have a wide range of responsibilities, from representing clients to handling legal documents, and they play an essential role in ensuring that real estate transactions are successful and satisfying for all parties involved.

In 2023 the area of Rajarhat is becoming a superbly accommodative place for residence. It’s now the top most choice of the people of Kolkata or who are coming outside from Kolkata for investing also. The flats in Rajarhat area is comparatively affordable rather than any other places although it is well connected with airport, EM Bypass and many other important places in Kolkata. The Metro construction is ongoing here and very soon this transportation will connect New Garia to Airport.

Day by Day The value of Rajarhat is increasing due to the massive development in all the way. Rajarhat area is attached with New town which is known as clean city in West Bengal as well as Smart city. The places like Eco Park, Hudco Bhawan, Gitanjali Park, Tata Cancer Research Institue, Biswa Bangla Gate is located at stone throwing distance from Rajarhat .

The flats which are most luxurious in Kolkata for residential purpose will be developed here by the end of 2026.One of the superbly luxurious project is DTC CAPITAL CITY is ongoing in Rajarhat. Because of the facility of transportation, the popular amusement Park, Kolkata’s top educational institutions, Corporate offices located on this area, people is searching their new destination for living in Rajarhat. SO THIS REGION IS ONE STEP AHEAD FOR LIVING IN LUXURY THAN ANY LOCATION IN KOLKATA.

The housing and urban affairs ministry has set up a committee headed by former CEO of Niti Aayog, Amitabh Kant to examine the issues related to legacy stalled real estate projects in the country and recommend ways to complete them.

The ministry notified the committee almost a year after the Central Advisory Council (CAC) headed by Union housing and affairs minister Hardeep Singh Puri had decided on the move.

The committee shall submit its report within six months suggesting ways to “complete and handover” these projects in a “time bound manner”. The 14-member committee comprises of top central and state government officials, including Union finance and corporate affairs secretaries, secretaries from UP and Haryana governments, chairperson of Insolvency and Bankruptcy Board (IBB), chiefs of real estate regulators and chief investment officer of the SWAMIH investment fund.

Though this is not the first time when a panel has been set up to find ways to complete the pending projects, sources said the committee has decision makers from all fields – from development authorities, top government officials to IBB – to “examine” all issues holistically.

Raising the issue of legacy projects, CAC members on April 12, 2022 had urged the government to look into the incomplete projects which were launched prior to 2016. Abhay Upadhyay, a CAC member said they had urged the ministry to include homebuyers’ representatives in the panel since “they are the ultimatesufferers in all stalled projects and they must have a representative in the panel”