residential properties in India

Residential properties in India


Properties in India

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property in Mumbai
property in Delhi
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property in Chennai
property in Bangalore
property in Hyderabad
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Unequal division of inheritance & Women's right

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In many Indian cities every residential property reasonably priced will drill a hole of about minimum 30 lakhs. Most people prefer to invest in this asset no matter how long it takes to get it (even if it means getting it over a 20-year period of home loan with EMI). A typical residence for an average middle class couple is a 2BHK (Bedroom Hall Kitchen).

Those who want more space opt for terrace flats, which of course come with a premium! In Mumbai, a terrace flat with a sea view to boot can be a cool 7-8 crores! But the same would be about one fourth in other cities.

In terms of properties some areas will always remain prime because of the location. Like Cuffe Parade, or Malabar Hill in South Mumbai. These areas are quiet, have good sea view and are well maintained having government residences also.

In Chennai, Adyar Park or Ridge Road in Bangalore, Boat Club Road in Pune or South Ex in New Delhi will remain the highest sought after urban addresses in the country. 

In modern times a home is much more than just ancestral property to be divided amongst children. When they become adults they themselves are capable of having a good shelter. Today the trend is to have more than one property with the kind of disposable incomes available.
The numbers of builders and developers in India have increased in the last two decades. Since real estate activity has become lucrative even corporates and reputed industries are opening up real estate divisions.

This has of course increased the number of players in the residential property market. Naturally it is difficult for ordinary people to understand which projects are safe to invest in. CRISIL has decided to rate the property developers and their projects.

The rating will be done on the past performances; materials used, how long they take to execute their project, and how each builder assists in repairs and maintenance after the project is complete.

This with the ISO certificate that some developers have opted for will help homebuyers to determine which builder should they invest their monies in. With this kind of professionalism there is more transparency in dealings between the developer and the homeowners.

Buying residential property is one of the many reasons NRIs are returning to India.
Well, today a dream home in India is very much a reality.

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