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In India, the Transfer of Property Act of 1882 ("Act") governs property transfers as gifts. A gift of property is the transfer of ownership of one's property to another person by the execution of a gift deed. The gift deed is an instrument by which an immovable or mobile property owner transfers his or her property to another person without consideration as a gift. The person who gives away his or her property is referred to as the donor, and the one who accepts the gift is known as the donee. The donor must freely give the property to the donee without contemplating whether the gift is legitimate under the Act. For the g...
The real estate business in India has undergone considerable reforms, one of the most significant being the implementation of the Real Estate (Regulation and Development) Act of 2016, also known as RERA. This legislation was passed to protect homebuyers, increase openness, and encourage accountability in the real estate industry. Purchasing an RERA-registered property has become an important factor for purchasers due to its numerous perks and legal protections. This essay will look at why purchasing an RERA-registered home is beneficial and important in today's real estate market. What is the RERA? ...
To lessen the inconveniences that were once an intrinsic part of the property registration procedure in India, the state government has devised new techniques for registering property. In other words, you are no longer required to walk around and visit government offices, where you will have to wait in long queues to register your property. The registration task can now be completed using online channels, which can be an expedient way of completing the house registry process and saves a significant amount of time. Property Registry The legal process is known as the property registry. This is done to generate or upd...
India's real estate sector is expanding, with many opportunities for future expansion. According to Mordor Intelligence, the market is currently worth USD 265.18 billion and is expected to increase at a CAGR of 25.6% by 2028, reaching USD 828.75 billion in total. Despite the present rise following the pandemic, real estate has always been a secure shelter for investors seeking long-term profits. Similarly, for developers, it is a profitable path because it allows several options to not only demonstrate modern architecture but also generate a significant ROI. However, profits earned are subject to relevant property taxes,...
In 2015, the government of India launched the Pradhan Mantri Kaushal Vikas Yojana as part of the Skill India program. After then, the government expanded this scheme into three phases, known as PMKVY 1, 2, and 3. The government has now drafted instructions for the forthcoming PMKVY 4.0 scheme, which will be included in the 2023 budget. The plan has begun to provide free skill training in a variety of talents that are in high demand in the market, in order to enhance young employment. You do not have to pay anything to learn certain skills at Pradhan Mantri Kaushal Vikas Yojana training centres. The government will pay all fe...
A multitude of variables, including the status of the economy, governmental restrictions, and international trends, make it impossible to anticipate the real estate industry's growth in India in 2024. Nonetheless, a number of factors indicate to potential improvements in growth. 1. Urbanization: With India's growing population, there is a greater demand for residential and commercial real estate. 2. Infrastructure Development: Government programs that encourage real estate development include the Smart Cities Mission and infrastructure projects. 3. Foreign Investment: Increased foreign investment i...
Ghaziabad is a lively residential and commercial real estate hub, with around 27,000 active businesses contributing to the economy. Furthermore, the Ghaziabad Development Authority (GDA), which is in charge of Ghaziabad's development, has identified 11 million square meters of unoccupied land for development, including commercial real estate. In this Blog, we'll talk about five of the top malls in Ghaziabad and how they're transforming commercial real estate. 1)Shipra Mall Inspired by Roman architecture, provides a unique shopping and entertainment experience for families, making it a top choice in...
खाका एक ऐसा शब्द है, जिसका इस्तेमाल आपने भूमि रिकॉर्ड के बारे में बात करते समय सुना ज़रूर होगा। जबकि मोर्डर्न रिकॉर्ड कीपिंग के संसाधनो का आविष्कार भी नहीं हुआ था उसके पहले से ही खाके का इस्तेमाल संपत्ति के रिकॉर्ड बनाए रखने के लिए के रूप में किया...
The growth of online platforms has made searching for real estate listings easier and more comfortable in the digital age. These real estate property websites provide a wide range of listings, allowing buyers and investors to compare possibilities from the comfort of their own homes. However, with so many websites available, it's critical to find the most trusted and trustworthy platforms. In this blog, we will show the best trustworthy real estate property sites in India for 2024, known for their user-friendly interfaces, extensive listings, and dedication to giving accurate and transparent information. MagicBricks...
शहरी निवेशक कृषि भूमि में निवेश कर रहे हैं, क्योंकि शहर के रियल एस्टेट सेक्टर में गिरावट आई है और लंबी अवधि के रिटर्न के वादों में वृद्धि हुई है। हम आज इन्वेस्टमेंट करने के लिए सोच रहे लोगों को फायदे और नुकसान बता रहे हैं।कृषि भूमि खरीदन...