Essentials of a Valid Sale of Immovable Property – India

The sale of immovable property throughout India is controlled by the Transfer of Property Act, 1882. It is commonly referred to as TOPA.

“Sale” is generally understood as a change of ownership, in return for consideration.

The law also explains “Immovable Property” to include land, any benefits that arise out of the land, things that are permanently affixed to either the Earth or anything that is attached to it. Additionally, TOPA effectively states that Immovable Property excludes grass, growing crops and standing timber.

Essentials of a Valid Sale – 

To understand the necessities of constituting a valid sale, a simple illustration is shown: Ms. Pooja Kumar wants to sell her residential apartment flat in Uttar Pradesh and advertises in newspapers for the same, inviting interested parties to approach her and finalise the sale.

For the sale to be effective, it is necessary to follow the below mentioned conditions laid down in TOPA:

1.    The seller must be competent to transfer – This literally indicated that the seller should be:

(i)     Competent to contract under S 11 of the Indian Contract Act,

(ii)   Entitled to transferable property, OR

(iii) Have the authority to sell off the transferable property which is not hers.

In this case, Ms. Kumar being the owner is allowed to transfer it if she is capable to contract.

2.    The buyer must be a person competent to be a transferee – The buyer may be any living person who is not disqualified to be a transferee under S 6 of the Act.

3.    The subject matter must be transferable immovable property – For a property to be considered for sale, it should comply with the provisions of S 6 of TOPA. In this case, the residential apartment flat in Uttar Pradesh that Pooja wants to sell is free of any constraints and can be sold.

4.  There must be transfer of ownership – The sale is affected only when the ownership is transferred to the buyer. In our illustration, after Ms. Kumar finalises a buyer, she has to transfer the legal title of the immovable apartment.

5.    The transfer must be in exchange for a price – While selling immovable property, the transaction can only be completed if a price is decided for it.

6.    The price must be paid or promised or partly paid and partly promised – When the sale is executed, either the agreed price should be paid, or promised to be paid or be halfway between both, to consider it as a valid sale. If the property is transferred without a price, it is called a gift. Thus Pooja should have either received the price or agreed to receive it at a later date.

7.    There must be a registered conveyance deed in case of –

(i)     Tangible Immovable Property costing Rs. 100 or more, OR

(ii)   A reversion of an intangible thing of any value

In this case, the sale of the flat should be registered by a conveyance deed.

8.    In the case of tangible immovable property of a value less than Rs. 100, there must either be –

(i)     A registered conveyance, OR

(ii)   Delivery of Property

This point does not apply to our current example, as the value of the property in consideration is more than the minimal limit.

Hence, we have seen the essentials of a valid sale of immovable property in India.

Real Estate Investment Gives Huge Returns in Short Time

During the past few years, real estate market in India has witnessed an exponential growth. The ever increasing population in most of the cities across India has played a key role in the real estate growth and venture. People at present are turning towards investment in residential and commercial properties in large numbers owing to the boom in the real estate sector. Real time speculation has become the most promising business in the present era and people are showing huge interests in owning private properties.

Factors contributing to real time outlay growth

The migration of people in increasing numbers to urban areas in search of jobs, education, better lifestyle, etc. has escalated the demand    for residential and commercial properties. Also the various policies the government has started to ease the process of taking home loans from the banks has made it very easy for the buyers. The more and more opportunities the people are getting in IT sector, BPO and various other industrial sectors has led to rising incomes which in turn is resulting in overall investment growth in the real estate industry. The government has also simplified the procedure needed to be followed in building residential and commercial hubs following which the interest of people in investing the capital has also grown. 

Follow a strategy for large capital growth

You need to follow a proper strategy before a potential speculation since for capital growth it has a high degree of risk associated with it. You must take care of certain factors to earn huge profits from your asset. You must ensure that the company with which you are investing is a registered company and the property you are investing your money should also be safe. Another important point to be considered is management of the property tax and the safety of your venture. The time period in which you can recover the money you have invested is also important so that you can easily use the money whenever required on an urgent basis. There is always a homework needed to be done prior to long term investment to minimize the risk and guarantee an exponential growth on investment.

Choosing the right property for investment 

The rising number of properties in the market poses a great chance to choose the wrong property. To avail maximum benefits from your assets, you need to invest in the right property. The first thing you should consider is the value of the property which solely depends on the location of the property. The property you are investing in must be attractive in terms of electricity, transportation facilities, parking spaces, shopping areas, schools, hospitals, size of the rooms and garden areas, etc. You must take help from the experts to have a good investment idea and make acquainted yourself with the facets of this business. It should always make you feel like your money in fixed deposit, while there are many other areas you need to work on, however the aforementioned are the key factors to be considered.

Finding full-fledged Residential Apartment Houses in Uttar Pradesh

Uttar Pradesh is one of the most densely populated states of India. This large population has greatly contributed in the development of the realty sector in this state. This region has witnessed tremendous progress in this sector since last few years. Moreover, the people from different regions of India are migrating towards cities like Lucknow, Kanpur, Greater Noida, Ghaziabad, Gurgaon etc. which are responsible for the economy of this state. These are the most advanced cities of this state and are fully furnished with modern facilities and technologies. These cities offer great career opportunities due to the establishment of branches of some highly reputed organizations. Hence, several international and national investors are showing their interest in the realty sector of Uttar Pradesh.

Uttar Pradesh has developed recently as a very prominent destination for carrying realty business. The residential apartmenthouses in Uttar Pradesh are in high demand and also the most preferred choice of many well-known personalities. All the basic amenities and items of luxury are available in these flats. Moreover, due to such a great elevation in the demand of these residential flats their prices are touching the sky. You will be assured of excellent electricity and water supply throughout the year. It is well connected to other major areas of the country through a proper network of trains, buses and airplanes. Moreover, buying houses in Uttar Pradesh is not a tough task anymore. You can now purchase property online also by simply registering on the website of a reliable real estate dealer.

Lucknow is the capital of Uttar Pradesh and hence is furnished with the most advanced technologies and modern amenities to draw large number of people towards it. This city is known for its ethnicity and etiquettes practised by all the people here. It is equipped with well organized and reputed educational institutes and universities such as Lucknow University, Institute of Engineering and Technology (IET), etc. It connects to various major cities through a well furnished airport known as Chaudhary Charan Singh airport. This airport is counted among the top ten airports in India. It contains all the luxurious amenities and is a well maintained airport. Moreover, it also links to various regions of the country through well constructed national highways and well planned railways. These reasons ensure potential scope for group housing projects in Lucknow.

Fixed deposit is the savings account wherein you can deposit your salary or money earned from some other source. Many banking experts advise to go for safer investment like fixed deposit because such deposits are within the management and check of the bank in which you have opened your savings account. You can withdraw your money after a fixed tenure but if you do so prematurely then you will be liable to pay certain additional charges. This is preferred over other means to obtain assured returns because it offers greater security and negligible risks. It provides guaranteed returns at high rate of interests. Moreover, the operational process is extremely simple and offers additional features for senior citizens.

Therefore, it can be said that realty sector is a growing business area but dealing in this area requires enough prudence and awareness on the part of the buyer as well as seller. Further, you should never take hasty decisions while buying realty commodity and always take advice from professionals in this field to avoid any discrepancy.

Real Estate Market Best for Investment in India

If you are looking for a solid option to invest your money, then you need to consider the real estate market India as the best investment option to go with. Needless to say, India is an emerging market, a place with endless investment opportunities. Here, one point should be noted that in case of investing in the traditional options i.e. banks, you aren't supposed to get fast results, meaning quick and huge returns on your invested money. On the other hand, if you invest your money in real estate, you can easily get doubled your amount within a short span of time.

India comes in the group of world’s fastest developing countries. Here, one point should be noted that developing means here is the development of the country. The government and private sectors are working on the various development projects, running in the country. The most important benefit that you get out of an emerging economy is the development of the real estate. For instance, government is developing roads and connecting all the remote areas in the country with each other. This way, Indian government wants to beat the poverty and unemployment in the country. Hence, seeing the endless opportunities in the real estate, there is a new group has come into existence called Real Estate Developers India. So, if you are looking for the best option to invest your hard earned money, you need to choose the real estate option.

It’s often seen that in case of investing money in available traditional financial organizations, investors either get very low returns or have to go with a risky option. In all, if you want to make huge returns on your investment, then you have to choose some risky options like the stock market. Needless to say, if you go with stock market option, then there is no guarantee for your investment. However, it could be possible that you earn good returns, but it’s not the case always. Hence, if you are looking for a secured option, you must choose real estate, which is considered as the Best investment in India.

If you have already planned to invest your money in real estate, you need to know the right options. For instance, if you invest your money in freehold plots, then you have to wait for the returns. On the other hand, if you invest in the commercial spaces such as shopping malls, hotels and Office Spaces India, you can easily earn huge returns. Therefore, you shouldn't waste your time, and grab the best investment opportunity available in the country.

Moreover, if you invest in the commercial spaces, you will be able to get huge returns on your invested money within a short span of time. Apart from that, unlike traditional investment options such as banks and stock market, there is no risk but huge profits. If you invest your money in banks, then you are likely to be provided very low interest rate on your fixed deposit. Moreover, in case of investing in the stock market, you should be ready to face a total money loss.

Get Good Return on Investment from Residential property Lucknow

Get Good Return on Investment from Residential property Lucknow Concentrating upon several features in a comprehensive fashion about Indian real estate markets will help you in obtaining more results easily. Special discounts upon budget flats and residential complexes as per your exact expectations upon real estate sector scenario in India is possible without going through any major issues. Checking out your exceptional needs in detail too will ensure that you obtain more benefits without foregoing upon your actual requirements in any manner. All you need is to understand about the current market status in order to realize the most appropriate deals for you.

Purchase Luxury Flats In Uttar Pradesh For Affordable Price

Purchase Luxury Flats In Uttar Pradesh For Affordable Price

People in and around Lucknow are now cognizant of the property deals to a maximum extent. Property agents with several years of experience on hand have their tasks cut out so that they could impress the probable homeowners to a maximum extent. The sophistication provided about real estate sector in Lucknow will be highly effective to such an extent that the flats are provided on an installment basis as well. Checking out various aspects in this regard will prove to be highly effective without causing any major issues for sure. Exclusive property features too are provided in detail for your instant consideration allowing you enrich your present knowledge.

Growth of Real Estate Sector in India

Growth of Real Estate Sector in India

 Real estate has proved itself as the most secured and best investment in India. India is a heavily populated country and thus the need for lands in India is expanding on a continuous basis. And due to this exceeding demand over the supply, the prices of lands have witnessed a sheer hike. Presently there are many banks and other financial institutions that provide easy loans at low interests, enabling the builders to construct attractive projects. The Non-Resident Indians (NRI’s) are also major contributing factors towards the huge capital rise of the country. The real estate market India is reaching new heights and thus the experts in this industry are using all possible means to take full advantage of the opportunity. You will find a plethora of property dealers in the market and to choose the right property dealer, it is always advised to do some homework before investing to minimize the risks of losing money and maximize the chance of ending up in huge returns.