How to register your property in Bangalore

Investment in property requires a cautious approach. An important part of the procedure to follow (while buying a property) is its registration. It is good to be aware of the registration process in great detail and accuracy.

For example, if you are investing in new projects in Koramangala, it is the Department of Stamps & Registration of the Karnataka Government, which will handle the complete document registration process. The same authority will issue you the certificate of registration too.

We discuss steps to be followed focusing on factors like when, why, how, and a checklist required for registration of the property.

When should you apply for registration of the property?

At the time of transfer of ownership of an immovable property, you need to apply for registering the property documents with the concerned authority. The scope of transfer of ownership rights includes gift deed of immovable property, lease, transfer of property in consideration, besides buying and selling contract of the property. In other words, if you are investing in one of the existing projects in Koramangala, you will need to register the document.

Is there a time limit for registering the property? 

Why you need to register the property is for legal validation in owner’s name. Therefore, it is important to register the documents immediately, so that you are the legally recognised owner of the property at the earliest.

Officially, you have a window of four months from the date when you sign the property papers. You have an option to register it after four months too, but with a penalty. The penalty amount is hefty, more than 10 times the registration fee to be paid. However, this extension window (of another four months) is subject to permission of the District Registrar. After eight months there is no further scope.

Procedure for registering the property

You are required to publish the exact value of the property on a stamp paper. You can buy it from licensed stamp vendor shops. Make sure the paper carries details of the vendor like address, signature, along with a treasury seal.

You can apply for registration in the sub-registrar office in the district location of the property purchased.

Charges while filing for property registration 

You need to pay the stamp duty at time of registration. There is also a registration fee attached. The usual rate of stamp duty is 5% of the total value of the property plus taxes. Registration fee is 1%. 

Checklist 

You need to have the following documents in order for verification purposes:

• Original property papers
• Building plan approval
• Proof of seller acquisition of the property
• Encumbrance certificate of the property
• Proof of no litigation on the property
• NOC from revenue offices and municipal authorities
• Proof of validation of the property as per Public Policy under section 22 A of the registration act of 1908
• Proof of government permission on land on which the property is constructed

If you want to know more about new projects in Koramangala just visit property.sulekha.com

 

 

Lowest price of Industrial land for sale in Pune

Pune is vibrant with real estate actions and the city is extending its borders to accommodate new commercial, residential and industrial areas. Pune, recognized as Maharashtra’s ace city, is endorsing rise in new business actions like the IT, ITES industry and BPO sector.

The prime areas of the city like, Hinjewadi, Deccan Gymkhana, Koregaon Park and Model Colony command the maximum real estate values in the city. Hence, property searchers have choice to apartments, land and find flats in new areas like the Kalyani Nagar, Camp, Shivaji Nagar, FC Road, Wakdewadi, Nagar Road and JM Road. The area enjoys closeness to the railway station and airport and is also close to the luxurious market residential areas of Koregaon Park and Kalyani Nagar. These are the areas, which offer accessibility of land; the most serious factor funding to the real estate costs. If you are looking out to find industrial land in Pune, it has become very easy today with sites like Property.Sulekha.com.

Commercial real estate in Pune

Commercial properties at the western part of Pune are active with real estate activities. Approximately all the big IT companies of India have released their software development services in the area. International IT is also seeking for commercial property in the area quite destructively.

The positive completion of every project not only proven Pune among the most sought after sites for technology majors but also catalyzed the profitable real estate development in the city. Find industrial land in Pune and start the business is now becoming a trend.

Residential real estate in Pune

As per the industry assessments, Pune would want as many as 40,000 residential properties each year to meet its housing necessities.

To hold the same, the Maharashtra government has now given support to private real estate designers for inaugurating fully combined townships in Pune, under the Public Private Participation (PPP) model.

Pune is still taken as a protected substitute for interest in private realty, and has pleased in a consistent year-on-year thankfulness rate. Mainly for the individuals who are different to high hazard assumptions, property in Pune is a grand alternative! It is to a great amount considered a ‘mid-portion’ arcade, and up and coming actions in Pune like townships are in unbelievable interest.

The city with its booming economy offers wonderful employment opportunities and success of Finance industry IT and Banking and further generates the financial setting of the city. Several hundred people set up their housing base in Pune and look for belongings in accordance of their needs. Find industrial land in Pune and stay there is one of the main reasons of the population of Pune.

How to select best office space in Noida?

If planning to increase your business – the commercial space is looking up. The commercial section in real estate is buoyant and demand for commercial office space on rent or on sale is picking up. The process of maintenance has now begun over the last few weeks. Company which were tentative earlier and now looking up to develop to viable location.

Noida, a contraction of New Okhla Industrial Development Authority, is, undoubtedly, one of the most advanced commercial hubs of India say experts at property.sulekha.com. In fact, the growing number of mall complexes and offices has given a rehab to residential space in Noida as well. The Noida commercial property development is specially spread over the sectors 10 to 16, 1 to 6, 16A (film city), 18, 51, 51 and 57 to 62. Many modern commercial avenues are too built in the sectors like the 21, 28, 29 and 37.

Noida Office Space

There are so many commercial office spaces in Noida. The Indian as well as the MNCs discover Noida to be one of the most chosen locations. In fact, the major strength of the economy of Noida is formed by the IT & ITES.

Most of the IT companies are situated in the sectors 29, 57, 58, 59 & 60. Also, a large part in and around sector 18 consists of huge office centers. Due to upsurge in IT spaces in Noida, the city has stretched to about 0.78 Million sq. ft against the regular demand of 0. 52 Million sq. ft. Besides IT, Noida is rapidly becoming a common address for renowned BPOs.

Presence of a mass of IT companies in Noida adds to the value of the commercial office spaces in Noida. Major office spaces in Noida are located around Sector 18, the trendiest location in the city. These commercial spaces on rent are given out to approaching investors and are occupied by many corporate and IT companies.

Demand for commercial office spaces in Noida property in Noida is rise steeply and this is however the best time to make attractive investments. Industry authorities see a phenomenal growth in the near future. With better organization and commercial properties, world class facilities in Noida are the most sought-after.

In short, it has a lot to provide to its residents and also to those who are looking for purchasing or leasing commercial property in Noida. To purchase commercial property in Noida, you are recommended to do good study on the prevalent prices and facilities of the Noida commercial sector.

 

 

 

 

 

 

 

 

 

8 best commercial real estate marketing ideas

According to the market experts, 2017 will be a prosperous year for commercial real estate sector. As more and more MNCs and foreign investors come to the country to set up their operations, there will be an increased demand for office space and other commercial properties. However, demand does not guarantee sales. You also need to know how to market your property to get the best return on investment. So, if you are an owner of an industrial land in Gurgaon or a shop in Mumbai, it is essential that you promote your property in the best possible way. Here are some marketing ideas for commercial real estate according to the experts at property.sulekha.com.

1. Online marketing

A plethora of marketing strategies are available for property owners to establish an online presence in a highly competitive market.  Some of these include digital brochures, websites, email campaigns, social media, cost-per-click based campaigns, media placements in online magazines and journals, online press release, and guest blogging.

2. Offline marketing

Offline marketing is important for generating leads and referrals. Marketing materials like brochures and flyers, display and window signage, networking events, brand awareness through print media, direct mail, etc. are some of the successful marketing strategies that a commercial property owner can employ to promote business.

3. Offers and deals

Attractive packages and incentives to lure prospective buyers are universally employed by property owners. Tax incentives, free or discounted maintenance for a period, pre-built office spaces, etc. are offered by builders and developers to the investors and tenants.

4. Seasonal sales

Holiday seasons are the best opportunities to market commercial properties as most Indians choose religious holidays as auspicious times to start a business or buy property. Seasonal marketing targeting specific audience can be more effective than general advertising.

5. Market specific promotion

If you have a particular kind of commercial property, target only those customers who actually need it rather than addressing a wider audience. This ensures that the marketing efforts are noticed by the right audience. It also reduces the marketing expenses.

6. Build relationships

Interacting with other property owners and realtors is an important aspect of marketing. Maintain professional and personal relationships with prospective buyers, real estate agents, and other builders and developers. This will help in generating leads and getting referrals.

7. Local partnerships

Partner with other businesses in your area that are frequented by potential clients. This is an excellent way to create brand awareness. For example, you can sponsor some materials for their business with the logo of your company imprinted on the products you supply.

8. Publicize previous sales

One of the easiest ways to make clients take notice of your property is to promote one of your recent deals with a trusted client. This creates an element of reliability and transparency that attracts buyers.