What is real estate? How is it different from the field of agriculture? Why are cities, real estate and farmland governed by different laws in India? Do you know that the declared value of the property represents 20-25% of market rates in India? This is to avoid heavy taxes on the purchase / sale of real estate in India. Nevertheless, real estate has turned out to be the best investment in India. Actual land in cities and farmland is governed by different laws and the conversion of farmland to real land is a long process. The investment in real estate for rent is considered a bad investment. The law on rent is in favor of the tenant and it is not easy to obtain a rent increase despite inflation. However, the property has turned out to be the best investment in India.
Real estate investments have a different interpretation under the Indian Act. What do you mean by real estate in India? Real estate is a commercial property in the urban plan in the cities governed by the Municipal Commission, including the ground under it and all buildings or structures. There are other areas governed by laws on agriculture or forestry. The property may include industrial and / or residential properties and is generally owned by the person or company registered or trusted.
Agricultural or forest lands are governed by different laws. In general, not all land in the village, including his house, is considered real estate in India and almost all properties developed or developing in cities are considered real estate in India. The property is given on rent and the law favors the tenant. It is not easy to obtain the release of the property without the tenant&39;s consent or to obtain a rent increase. Thus, investing in a property for rent is a losing proposition.
Why has real estate turned out to be the best investment in India? Despite the many contentious issues and the limited rent trade, the value of any investment in real land is always greater than the demand, which always exceeds the supply. Land in India is limited and investments cover inflation. India has 1.2 billion people and its population has increased by 20 million every year. As a result, the demand for real estate continues to grow, especially in urban areas. Again, India continues to have inflation and real estate is not affected. More than 80% of the population lives in villages and only 20% in cities considered as real estate. As India is a developing country, the village population continues to settle in cities. This makes the availability of real land in India more limited.
To create an industry or an office in India, the major cost factor is the property purchased rightly or on a rental basis. If you want to secure an investment in India with guaranteed returns in the form of satisfaction, investing in properties under development in the near future is a good thing. Another option is to invest in farm properties adjacent to a city somewhere that need to be converted to real estate in the near future. This farm can be rented for a faster return on real estate investment.
Here, the right to information must be verified before making investments in real estate investment.
1. Check the property ownership documents with the official registration authority.
2. Check the property documents to make sure that it is not rented.
3. Check that the property is not purchased as part of essential services procurement and make sure that it is not the subject of litigation.
4. After registering your purchase with the authority responsible for the registration for a transfer registered in your favor in the archives of the municipal committee.
5. Before choosing a city to buy a property, make sure that you or your business have the right to do so. In some states of India, an Indian citizen is not allowed to buy real estate. In some cases, individuals or nations with another company are not allowed to purchase property in India.