Why its high time to accelerate and invest in real estate portfolio?

Why its high time to accelerate and invest in real estate portfolio?
Have you always dreamt of getting shifted from rented property to your own house? The
current shift in the real estate trends is turning out to be boon for long term investors.
According to the expert insigts the real estate prices are rock bottom prices.
If you are thinking on why do I Invest now, here are few reasons to make things turn out into
your favor
1) Chances of gaining larger units at feasible prices: As inflation and other problems are on its
peak, prices are dropping down. In order to protect interest of long term investors the builders
and authorities are offering amazing deals and discounts.
2) Availing the great Finance options: With fewer buyers in the market, scope is also good to
gain great deals. Customised and easy payment options too could be availed.
3) Shifting from rented property to own house: Paying for the rental is losing proposition to
your saved wealth assets. As the drop down prices are the signal to invest more and spend less.
If You have always dreamt of getting your own house then this right time to take action. Before
stepping into any venture do check if all the legal formalities are completed. As the prices like
this will never drop down again so this could be life time opportunity to grab on good deals.

Most unexpected good news announced for Delhi Senior Citizens and physically challenged resident people

Most unexpected good news announced for Delhi Senior Citizens and physically challenged
resident people.
The allowance of accessiblity to all floors via lifts have cut down the major problems of senior
citizens and physically challenged people.
The scenario in India especially in country's capital was to go on the higher floor and then later
on climb stairs to get access of roof, but the new laws amended will totally change this scene.
According to the new bylaws its easy to install lifts and have all access to roof, terrace and
basement.
However if there are any forbidden situations or emergencies the building lift should be
avoided. Regarding height exemptions and building permit requirement pertaining to lift also
will be looked upon and positive Incorportations of India. However if there are areas near the
Airport then in that case the Airport Authority Regulations of India should be followed.
When we talk about the past laws, It stated that the height of machine room, house room that
can house all equipments should be included in overall permissable height of building that has
being now exempted.
In the earlier cases, Builders would be reluctant to install lifts in residential building as the
height of floor to be reduced. With the exemption of machine room height limit, the installation
of lifts sounds to be easy process.
In order to go for easy installation of lifts, there is expansion for procedures list in that the
building permissions will not be required.

Why buying a DDA flat could be rewarding experience?

Why buying a DDA flat could be rewarding experience?
The establishment of footprints in some of the residential hubs of strategical places like
Dwarka, Janakpuri and Rohini and owning a residential property could be smart and fool proof
investment that even accompanies ROI.
The GST free resale units are gaining popularity in Delhi. The prime advantage of buying DDA
unit is that could bring you hassle free loan approval, since major financial institution easily give
sanction to old DDA unit.
Right from Low Income group to higher income groups the DDA units are being designed by
keeping everyone in mind.
Decision of buying resale units can be determined by factors like:-
1) Checking age and construction quality of project.
2) Ensuring that property is all complied with rules and regulations.
3) Check on mandatory papers like encumbrance certificate, occupancy certificate, share
certificate. Reconfirming that all documents are up to mark and discrepancy free.
4) Get an complete feasiblity report by hiring legal expert.
How to Validate the owner's authencity?
1) Ask for allotment letter that is being furnished by DDA.
2) Power of attorney and Sales Deed.
3) NOC from water and electricity departments.
Requirements of documents for transferring the DDA Flat to the next owners:-
There would be requirement of two affidavit having details of the owner and seller to be duly
signed between both parties on 10 INR currency stamp papers.
Undertaking deed that has to be signed on INR 10 stamp papers.
100 INR stamp papers of two indemnity bonds, Incase if there is any room of dispute emanates
for property sold, the buyer is fully authorised to prosecute seller in court by taking help of
indemnity bond.
Completion certificate or form D or registered deed.
 Passport size photographs and three specimen signatures attested by Grade I officer.
Its mandatory to have address proof or pass book of any Nationalised Bank will help in solving
your purpose.
After the stage of completition do approach DDA for taking mutation certificate for resaling of
flat.

Around 5,000 houses to be launched by DDA Housing scheme 2020

Around 5,000 houses to be launched by DDA Housing scheme 2020
Launch of housing scheme between May to June this year: 1,000 luxury houses will be special
highlight of the scheme. As a part of housing scheme 2020 between May and June 5000 flats
are said to be launched. The authorities are putting on every effort to bring in the positive
result to realty segment and safeguarding interests of the buyers in real estate segment.
More than 60,000 houses are under construction by DDA in Delhi. The plans and developments
will keep up the interest of Lower Income groups, Middle income generators and even higher
income groups. These houses will be in areas like Jasola, Dwarka and Narela. Even one block in
Dwarka will be specially preserved for luxury penthouses.
The Chairman of DDA Tarun Kapoor also confirmed that the developments will not be remained
to pent houses but units of all sizes will be seen. The attempts will also be seen for improving
infrastructure and other facilities. The two tier Pent houses located in Dwarka will have terrace
garden and 4 bedrooms. The flats available in Dwarka are of bigger sizes. Units of all sizes can
also be availed in same colony. There would be 1,000 luxury flats, 14 penthouses, 170 super
HIG flats and around 900 HIG flats.