real estate agents | Kolkata Real Estate | Kolkata Property

Buying tips of residential property

Buying a residential apartment is not an easy task. It takes immense time, effort and luck to get the best deals. Owning a luxurious flat in a posh locality is not every body’s cup of tea. Many people especially the middle-income grouped people are not able to dream that high hence settle down for a decent one in an educated locality. It is immensely important to ensure that the locality is good enough otherwise it becomes really tough for the residents. A peaceful and clean society is what everyone looks for. A few buying tips have been discussed below which can be helpful for people making investment in residential apartments.

(a) Before looking for the flats, you need to jot down the amenities which you are seeking and accordingly carry on with your search. Buying flats include investment huge amount of money and feelings. What you are buying now will eventually reflect your choice of lifestyle and that is why it is important to make sure that the place chosen has everything right on place. It must have enough space for the kids to play around in future. The apartment should be such that it becomes easier for the home makers to fill every corner of the flat with love, emotions and dreams.

(b) Your budget is normal and you are looking for some posh flats in a luxury society. This is weird. It is better to look for something which comes easily in your budget. This way, you will be able to save time and utilize your energy in finding the exact things which are important for you.

(c) The flat should be placed in a proper location which has access to the communication facilities. If it is located in a distant area which does not bring you any closer to the basic amenities in life such as the bazaar, food hub, hospital, school, office, universities, etc.

(d) Researching on the market price and then signing on the dotted lines will make you a great buyer. It is important to do intense research on the market value otherwise one will end up making a big mistake.

(e) Hiring a proper real estate agent is also necessary as he can educate the buyer by giving adequate and proper information regarding the buying and selling of apartment.

It is important to do proper market research before buying a residential apartment as buying an apartment involves huge investment both in terms of money and feelings.

Real Estate companies in Kolkata Shaping the City’s future

Of late Kolkata is drawing lots of attention as a great destination for hot real estate deals. The young and enthusiastic investors are really finding it a very lucrative option to invest in a chosen deal of property in Kolkata. The interest got renewed for a number of reasons. Once Kolkata was one of the premium cities and at the onset of the 21st century Kolkata witnessed an economic boom with the transformation of the economic policy by the government of West Bengal. This in terms brought in huge investment in the sectors of infrastructure, hospitality, retail and of course real estate.

The interest got rekindled once more and more people are looking forward to invest in a selected property in Kolkata. Not only the residents of Kolkata are taking a plunge into the proposition but also the residents of other towns and the bulk of NRIs are coming forward to buy properties in Kolkata. The main interest is revolving round housing options belonging to the mid segment.

Another reason behind the growth of the real estate sector is the improvement of the transportation system in the city and development of new roads and other routes. New set of flyovers, bypass connectors are being established in order to facilitate easy commuting norms throughout the city. This lead the different real estate companies in Kolkata to come up with projects outside the city limit. Thus, it can be said that the availability of economical and accessible communication facilities in the city is the key factor to the rise of property price in Kolkata. The extension of metro railway project is yet another reason to make the sector so very remunerative.

The suburban area in Kolkata that has seen great growth in the real estate sector are BT Road (North), Howrah (West), Baruipur (South) and Chandpur Champahati (East). The other areas within the urban limit that have great demand for real estate properties and where the real estate companies Kolkata are coming up with the most attractive projects are EM Bypass, Rajarhat and Behala.

The Kolkata real estate market is growing big time and is playing a crucial role in shaping the city’s future. Investing in a property in Kolkata will indeed derive great ROI.

How to opt for the right real estate agent

Owning a residential apartment happens to be one of the hugest dreams that every human being aspires to have. Considering the importance of what a house generally means to all, it is important to ponder upon the selection of a real estate agent who has expertise in the field of meeting people’s requirements. The people who are seeking homes or have already got their dream homes through a broker knows very well how important role a broker plays in their lives in getting them desirable homes. These days’ the minute you decide on buying a house you will be flooded with various opportunities to opt for a broker. Purchasing a house of your own accounts for making a huge investment and with an experienced broker one can easily choose a desired house. Searching a house without a broker can be a big nightmare as one is generally not accustomed with all the information of the area. Hence hiring a real estate agent who has all the necessary information is always a good as well as smart idea. While selecting a broker for yourself you must consider the following points without which you will feel lost and devastated.

(a) You need to ensure that the agent whom you have hired for yourself has a good market reputation as well as years of experience in the field. It is not every day that a man buys a house. The entire process through which the final papers of the household gets transferred takes a huge time duration, therefore hiring an experienced and skilled broker who can handle matters with care is required. A broker having good repute enjoys huge demand in the market.

(b) A broker who has good communication skills and who can manage both the sides properly is the one with whom one can easily work with. If a broker shows negative approach and attitude towards one party then it is quite evident that the other party will surely walk away breaking the deal. Getting along with all should be the mantra of the agent who looks forward to sealing the deal effectively.

(c) Market research is always necessary before assigning a broker. In order to know how efficient the broker really is, one needs to do research on the market reputation of the agent. For the people who have been investing in buying a house for the first time must ask others about their experiences regarding buying and selling of houses. This way one will be able to get a thorough insight of what all qualities should a broker possess? Word of mouth is of the most trustworthy sources through which one can get ample of information about the real estate agents. As this source is not necessarily created by any agent in particular hence one can rely on the various experiences which one gets to know from here and there.

(d) It is essential to have a word with more than one agent before deciding on one. As by interviewing many agents, one will get a detailed insight about their work experiences and details of handling matters in different situations.

Selecting a real estate agent while buying a house is always a good idea and by following some important points one can surely get a good real estate agent for himself.

Real estate related cases highest at consumer court

GURGAON: In a city which boasts of highest number of consumer grievances in the state, cases of insurance default and real estate invariably occupy the top slot.

The Times of India get a large number of cases related to real estate. The number of consumers approaching us for non-delivery of flats in times has been increasing. We have a number of cases of cheating by the builders. This includes even the top builders in the city. We have several cases of builders who are repeat offenders. We have issued arrest warrants against them as well,” said an official of the Gurgaon district consumer disputes redressal forum.

The official said consumers also approached the forum with complaints against HUDA relating to disputes of plots.

“In Gurgaon, consumers are more educated about their rights. Of late, we have solved several cases relating their real estate,” said Raghvinder Singh Bahmani, president, district consumer disputes redressal forum, Gurgaon.

Consumer disputes relating to airlines and travel tourism, especially holiday clubs and resorts, is also higher in Gurgaon compared to cities in the state.

“The reason is that large number of technocrats, CEOs and top MNC officials keep visiting different countries. Case relating to airfare, baggage and deficiencies of the services of the resorts are much higher in Gurgaon. We have 19 cases relating to airlines and several cases against top resorts in the country,” said an official from the forum.

Cases relating to mobile phones, automobile, Bank ATM and Postal Delivery are also higher in Gurgaon compared to cities in the state.

Source: The Times of India

Use of agricultural land for construction activity: Govt eases norms

NEW DELHI: Lakhs of people living in rural areas in Delhi will benefit as Delhi Government today lifted certain restrictions on use of agricultural land for construction activities.

The government issued a notification today as per a decision taken by Delhi Cabinet on June 15.

As per existing norms under Section 81 of the Land Acquisition Act, no agricultural land could be used for construction of houses and other purposes but lifting of the restriction would pave way for building flats on those land.

“We have issued a notification effecting a cabinet decision,” a senior official in the govt said.

“The decision to lift restriction in use of the agricultural land for construction of houses and other purposes under the Section 81 of the Land Reforms Act will benefit 165 villages,” he said.

The decisions will help villagers get their properties registered and carry out construction works after approval of building plans from authorities.

The chief minister had earlier issued an order to the revenue department to withdraw all pending cases under section 81 in various courts.

The decision is seen as an effort to woo the people in rural areas ahead of the Delhi Assembly elections scheduled for November this year.

The Cabinet decided to exempt provisions of Section 81 to areas urbanised by way of notification under Section 507 of the Delhi Municipal Corporation Act.

Source: The Economic Times