A home away is a touch away

A new beginning is always challenging, with a bagful of dreams, millions of students migrate to metropolitan cities for the right exposure, education, training & jobs. The biggest challenge is finding a home away from home. Though, the smarter generation is gradually simplifying the world. Today virtually one can easily avail an apartment without much hassle. A smart phone in your pocket can get your desired space. Innovations in terms of quick access; ease of search, renting or buying a property is remarkable.

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In the past two years, we have observed a lot of new apps that have garnered attention. Smartphone’s have made the reach very personalized and simplified through these apps. The mechanism to rent your dream home is just a touch away. Currently, technology is infused at every level of the real estate market.

Here are some apps we recommend, thank us later!

CommonFloor: A property search app helps you search property for rent or sale. Post your requirements in a single click and it makes you available to millions of property buyers and sellers. Discover your dream home with the innovations such as 3-dimensional views, locality tours and sky views. Search, filter, shortlist and share your chosen house with friends and family. This free app has features to contact builders, view details, contact owners, agents and property dealers.

99 Acres: Now you can search and discover properties even on the go. It makes extremely easy to search, buy, sell or rent property in India. Users can visually explore apartment, farmhouse, flat, house, builder floor, plot, villa, commercial office, shops, factory through rich photos, attractive videos, interactive maps and many other details. The app also enables users to view photos and videos of society/locality of the selected property.

Flatmates.in: It works quite tactfully and skillfully to provide you with FlatMate, RoomMate or FlatBuddy of your taste keeping the compatibility as the numero-uno factor in searching your roommate who would be “Aap jaisa hi koi!!!”. As a user, you can lay down your requirements and preferences of an optimum roommate.

No Broker: Home rental platform that helps you save brokerage by connecting genuine house owners with genuine tenants directly without a broker.. It lets the house owner list their property for free in 5 quick steps. The tenant can look at the properties with photographs in their preferred locality or near a landmark and see details, amenities, neighborhood and travel distances to shops, schools, restaurants and other utilities.

Nestaway: It provides fully furnished, ready-to-move-in houses at PG rental prices to India’s bachelors. Rentals start as low as Rs 6,000 per month. Every Nestaway home is equipped with TV, sofa, bed, cupboards, washing machine, fridge, Wi-Fi & more and also takes care of all maintenance hassles.

Flatchat: It is one app for all your rental requirements. Whether you are looking to rent a complete house with your family (or friends), or a room in an already settled home, flatmates to share your space with, or reliable tenants you can rent out your beloved house to, even other seekers like yourself to group up with in the search — you will find them all here.

Zocalo: Zocalo lists PGs, shared apartments, and rentals on the web and app. Properties can be filtered by gender, room type (single occupancy, double, triple occupancy) and budget. Zocalo also facilitates the preparation of rental agreements online, and lists all the amenities and details, like timing restrictions. Zocalo also provides a profile on the neighborhood, with photos and reviews from other community members. The company is putting a lot of emphasis on genuine and authentic information, than relying on the crowd sourced information. Zocalo is free for both tenants and home owners.

Homers: Homers.in is an online broker-free verified property marketplace, with over 4,500 listings in the two cities, it currently operates in. Instead of a brokerage fee, Homers charges users a small ‘trust fee’ for fixing every visit – which can be paid via bank transfer, or at the venue of the visit. Homers.in is currently offering a discounted trust fee of Rs. 599 for five visits.

From the newspaper ads to virtual home tours, digital is creating a space in reality. Let’s experience it, cheers!!

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10 things you should consider while participating in an online property sale

The online era has added a lot of ease in our life. We can now buy anything online, be it grocery for the home or an entire house itself. Yes! It is true. Many developers have associated with e-commerce platforms to sell their projects online. As the rule of game, they offer heavy discounts as well. Gradually, it is gaining momentum in the market. Brands have created their own success stories and benchmarks by increasing sales digitally.

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In this scenario where everyone is coming online, it becomes very important for consumers to find the right product at the best price. Trust is something which is still questioned in the e-commerce segment. Real estate is already a trust-deficit sector. Therefore, we list out ten things to keep in mind while selecting and buying property online.

1. Check the location – Firstly check the “Where”. Search on Google Street to know the exact location. Location is one of the key components of pricing in real estate. Please do visit the place if possible or get in touch with the locals to understand the infrastructural developments around (Roads, Connectivity, Network, Supermarket, Airport, and Metro etc.).
2. Developer’s background – Cull out information about the developer, his background and development track record. Explore their digital and social presence e.g. Facebook, Twitter, LinkedIN, Instagram, news, comments and reviews to check any controversy around the developer or the project.

3. Research on their past projects – Crosscheck developers past projects, delivery and possession. If possible, communicate with its residents to know about the quality and other services.

4. Read News and check the brand value – Keep following your favourite or filtered brands and stay updated about the current happening in the market. Keep a close track of market developments to narrow down your decision to purchase.

5. Compare other products – Compare the selected brands and their value in the market. Connect with dealers to know the price discounts and seasonal offers. Dealers are always the best source for such information.

6. Set a budget – Currently, there are many options in the market which may lead to confusion. Set a specific budget to further narrow down the purchase decision. It will help to hold a specific ticket size.

7. Check the terms & conditions (Devil lies in details) – this is one of the most important aspects as we often tend to miss the contractual part. It is very important to read through the whole contract and then make a decision.

8. Offline deal – Connect your local consultant, dealer or the broker to know the offline market scenario and price discounts. Compare it with online sale to calculate actual discount.
9. Booking refund availability – Most of the portals offer to book a house with just a token amount. Before doing any such transaction, do crosscheck the refund policy. You would not like to block your fund in a wrong option.

10. Construction update – Ready to move in apartments are always the best option. Generally, you might find a project at a low price with a later delivery date. Please make sure about the product and match it with your convenience.

Buying a home is a lifetime achievement. It is thus, necessary to safeguard your investment than to shed tears afterwards. Many a times, developers do come out with excellent offers online; one just has to keep a track of it. Happy shopping!

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Selling property online will help bring more transparency!

In the last half a decade, ever since the internet has become a household commodity, digital platforms and websites have crowded up as property aggregators therein creating an interactive interface for necessary interaction between the buyer and the seller. Let us look how the new platforms have shaped up. Earlier real estate platforms only used to offer property listings which are up for sale or purchase, and only purchase options and a contact number used to showcase. But now such portals offer a range of parameters such as data analytics, map based location tagging, e-documents, expert reviews, requisite photos etc.

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Through the emergence of these interactive portals, a new era of transparency has ushered in. There are umpteen advantages to such portals. Firstly, one can check the geo-tagged location and authenticate the map and blueprint of his/her property through satellite based location maps. This would also ensure scrutinizing the availability of necessary amnesties and access to critical locations like market or a metro station with getting a clarification of approach to such places. Secondly, options of virtual tours to the property waived the need for buyer to physically be available at the property to merely check the property, which can now be first finalized online and then be ready for physical interaction at only the final stage, thereby saving time and improving the transparency by bringing in expediency. Nowadays, also players like housing.com are offering online verification by experts with grading schemes like offering authentication points. Also, few portals allow online booking interface, which essentially allows people far away from the physical asset especially an NRI or an overseas citizen to assure his property transactions. This surely adds a much needed transparency and expediency in the sector.

Digital platform and digital interaction have been a key stone of Government’s idea of “new India”, hence one can imagine the prospects and growth of this typology of interface and transactions. But one must be cautioned about such transactions, as these purchase portals are not substitute to physical property purchases, and must be necessarily supplemented with physical online research. Moreover, authenticating the documents can be realised by taking help of an expert, which will ensure double scrutiny. Also, check and do due diligence before booking such asset online as booking amount shall be non-refundable in such cases. But surely, this adds transparency, accountability, expediency and ease of transaction within the sector, which was marred with extreme opaqueness and veiled transactions.

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There must be rules for the registration of real estate brokers in India

With the introduction of RERA, real estate brokers have to register themselves, to be able to facilitate a transaction. Now agents or agencies operating independently in smaller pockets and who were fooling buyers will be wiped out.

The broker segment in India, is largely unorganised and unregulated and estimated to be a USD 4 billion industry, with an estimated 5, 00, 000 to 9, 00,000 brokers. For real estate sector to grow, its very much important to make rules for the registration of real estate brokers in India.

Once they’re registered under the RERA regulations, the market sentiment 9investors’ and home buyers’ trust) is likely to increase and this could lead to an increase in sales and revenue for both, brokers and builders.

Under RERA guidelines, real estate brokers will be liable for any flaws in the project and can be prosecuted for any misconduct in the business. It is Section 9 (1) of RERA that mandates the registration. Section 9 prohibits an agent to operate his business without such registration.

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How RERA is helping buyers

With objective to protect both home buyers and developers interest Real Estate (Regulation and Development) Act, 2016 (RERA) was established to increase transparency and organised and a uniform regulatory environment in the real estate related transactions. RERA has no doubt brought about a paradigm shift in the real estate landscape.

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Developers have been given time until the end of July 2017, to register their projects under RERA. Likewise, real estate agents, who also fall under its ambit, are still in the process of registering themselves.

How does REAR help buyers?

Registration of all projects: To act has made it mandatory for all the developers to register existing as well as a new project with authority before launching or advertising it (separate registration for different phases of the same project).

This has strengthen the market sentiment about the real estate sector as a whole.

Increased transparency about transactions: The developer under this is required to give out all details of a project such as cost of land, development agreement, cost of construction, sanctioned plans, covered parking lots, and open spaces, among others. He is also required to provide ‘full and true’ disclosure in terms of details of projects undertaken in the last 5 years with timelines and reasons for delay and other details.

Selling Apartments on carpet Area Basis: The Act has made it mandatory to sell the apartments only on the carpet-area basis and has put a stop on the current practice of selling on a full and super built-up area basis.

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Legal options available for property fraud in India

Real estate and property frauds go hand in hand in India. Today, home buyers have become more informed, but ironically are still susceptible to scams. Real estate scams run the entire gamut, from legal frauds and fly-by-night operators to false promises and untenable buy-one-get-something-free offers.

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To check these frauds and scams there are some legal actions against the property fraud cases. Home buyers just need to be more aware about them. Here we have listed down some:

• You can issue legal notice against the company or the builder
• The homebuyer can claim the money given to the builder and interest on the payment made till date
• In case of property possession delay, the buyer can file a consumer complaint for ‘deficiency in service’ as defined under the Consumer Protection Act, 1986 against the builder
• Hire services of a legal advisor: Hire one advisor and discuss the problem with him. Seek his advice and then act.
• If the complainant is buying the property for personal use, he can file a complaint seeking relief in the Consumer Dispute Redressal Commission.
• In a case where a builder commits a breach of obligations as per the Agreement, homebuyers can approach a Civil Court and file a suit for injunction/damages or refund of amount and interest thereof under the Code of Civil Procedure, 1908.
• In case where a homebuyer feels that the builder has used his dominant position leading to disadvantages to the buyer, the buyer can approach Competition Commission of India to file a complaint against a builder for abuse of dominant position as per the Competition Act, 2002.

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Why to invest in ILD GSR Drive?

ILD (International Land Developers) GSR Drive real estate firm has established itself as a premium residential firm in Gurgaon. The premium apartments are located at a popular area Dhunela in Gurgaon. Now the developers are developing the accommodation facility in the Sector 36 Sohna area.

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ILD GSR Drive is known for providing premium residential units. It’s the right time to invest in ILD GSR Drive. Here look at some of the facilities that ILD offers:

The ILD GSR Drive is an eye-catchy property with premiumness in its every facility

The flats come with the combo of 2 & 3BHK extreme luxury with A/C

The property is strategically placed and well connected to other parts of Gurgaon and Delhi.

The property has all the different necessities like bank, hospital, school, bus station, restaurant, markets located around its ambit.

The flats have ample space and occupants have the luxury to roam freely in this hassled world.

With its 60 feet wide water fountains, 10 + acres of colossal central greens with different 7 kinds of gardens and fresh air it preserves the complete nature

The houses are all set for moving in and are reserved with lots of amenities like the gym, power back up, the lush green garden and intercom facility, along with 24 hours security system and more.

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