residential property

4th Floor of Residential Buildings in Gurugram, will get Approved or Not ?

Residential Buildings in GurugramThe residential buildings in Gurugram were primarily governed by the Haryana Urban Development Authority (HUDA) and the Department of Town and Country Planning (DTCP), Haryana.

The rules concerning the construction of the 4th floor in Gurugram has not evolved.

1. Gurgaon – Manesar Urban Complex – 2031 AD Master Plan

As per the Gurgaon – Manesar Urban Complex – 2031 AD Master Plan, every building plot shall on an average contain 3 dwelling units each with a population of 4.5 persons per dwelling unit which means that only 3 kitchens can be sanctioned on each building plot.

In the recent past, builders and authorities manipulated this provision and had got the 4th Floor passed, in which they did not show a proper kitchen on the 4th Floor. This way they managed  to show only 3 dwelling units in each building plot. This manipulation / lacuna was discovered by the Town and Country Planning office and hence, they stopped sanctioning of the 4th Floor.

Till the time, Department of Town and Country Planning (DTCP) revises 3 dwelling units to 4 dwelling units through a notification in the Master Plan of Gurgaon 2031, the 4th Floor cannot be sanctioned  by the department. Everybody  is beating around the bush without understanding the Master Plan which governs all the sanctions of building plans in Gurgaon.

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    2. Before Changes:

Earlier, the norm was that people could construct up to three floors (Ground + 2) in most parts of the city. The 4th floor, if built, was typically considered illegal and couldn’t be registered.

     3. New Possibilities:

There were talks and reports suggesting the government was contemplating allowing the registration of the 4th floor as an independent dwelling unit in Gurugram. This change was anticipated because of the increasing demand for housing in the city and the already prevalent unauthorized 4th-floor constructions.

     4. Benefits :

If approved, homeowners could legally sell their 4th-floor units, potentially increasing property value. The government would also benefit by collecting more registration charges and property taxes.

     5. Concerns :

There were concerns associated with such a move, including strain on infrastructure, increased population density, parking issues, and water supply concerns.

Note : For the most accurate and up-to-date status of the 4th-floor approvals in Gurugram, we recommend checking with local authorities like DTCP, HUDA, or a local real estate expert. They would have the latest guidelines and regulations regarding residential building in Gurugram.

A Guide to Buying Independent Bungalow in South Delhi

A Guide to Buying Independent Bungalow in South Delhi

South Delhi, known for its upscale neighborhoods and luxurious lifestyle, Jain Oncor offers a unique opportunity for homebuyers to invest in their dream abode – an independent bungalow. Unlike apartments or townhouses, independent bungalows provide a sense of exclusivity, privacy, and freedom that is unparalleled. In this blog, we’ll explore the major advantages of owning an independent bungalow and the essential factors to consider while buying independent bungalow in South Delhi.

Advantages of owning an independent bungalow:

  1. Privacy and Exclusivity:

One of the primary benefits of living in an independent bungalow is the unparalleled privacy it offers. With no shared walls or common areas, you get to enjoy your personal space without any disturbances. The exclusivity of an independent bungalow in South Delhi ensures that you can escape the hustle and bustle of the city and unwind in a serene and peaceful environment.

  1. Freedom of Customization:

Independent bungalows provide ample space and flexibility for customization according to your preferences and lifestyle. You have the freedom to design your dream home, create landscaped gardens, and even add recreational amenities like a private pool or home theater.

  1. Spacious Living:

Unlike apartments or townhouses independent bungalow in South Delhi offer a generous amount of living space both indoors and outdoors. You can host gatherings, family events, and entertain guests comfortably, without worrying about cheap farmhouse for sale.

  1. Natural Ventilation and Light:

Most independent bungalows are designed with open layouts, large windows, and ample ventilation. This design ensures an abundance of natural light and fresh air, contributing to a healthier and more enjoyable living experience.

  1. Investment Value:

Owning an independent bungalow in South Delhi is not only a lifestyle choice but also a sound investment. Properties in this area are known for their appreciation in value over time, making them a lucrative asset to own.

  1. Security and Safety:

Independent bungalows often come with their own security measures, offering a higher level of safety compared to apartment complexes. With gated entrances, surveillance systems, and private security personnel, you can rest assured that your family and belongings are well-protected.

Considerations while buying an independent bungalow in South Delhi:

  1. Location:

The location of the bungalow is crucial. Consider factors such as proximity to schools, hospitals, markets, and transportation hubs. Also, ensure that the neighborhood is well-maintained and has a low crime rate.

  1. Amenities:

Check the amenities offered with the bungalow, such as parking space, garden area, security systems, and utility services. These factors can significantly enhance your living experience.

  1. Quality of Construction:

Inspect the construction quality of the bungalow, including the materials used and the expertise of the builders. A well-constructed bungalow will require less maintenance and offer better longevity.

  1. Legal Clearance:

Verify all the legal documents related to the property, such as ownership papers, title deeds, and clearances from relevant authorities. This ensures that your investment is secure and free from legal issues.

  1. Budget and Financing:

Determine your budget and explore financing options that suit your financial capabilities. Factor in additional expenses like taxes, registration fees, and maintenance costs.

  1. Future Growth Potential:

Research the potential for future development in the area. A bungalow in a location with upcoming infrastructure projects or commercial developments can yield higher returns on investment.

Investing in an independent bungalow in South Delhi is a decision that promises a lifetime of luxury, privacy, and comfort. The advantages of owning a bungalow, including privacy, customization freedom, and spacious living, make it an ideal choice for those seeking an exclusive and serene living environment. However, considering crucial factors such as location, amenities, and legal clearance is essential to ensure a wise and secure investment. With careful planning and attention to detail, you can make your dream of owning an independent bungalow in South Delhi a reality.

6 Essential Tips for Buying Residential Property for Sale

6 Essential Tips for Buying Residential Property for Sale

Buying a residential property is a significant investment and a decision that should not be taken lightly. Whether you’re a first-time buyer or a seasoned investor, it’s essential to consider various factors to ensure you make a wise and informed choice. We are now going to discuss the essential tips which shall help you in the process of purchasing a residential property for sale.

Consider These Tips Before you Make a Purchase.

1 Stick to your defined budget

Before you start looking at properties, it’s crucial to determine your budget and stick to it. Analyze your finances, consider any existing loans or debts, and identify the maximum amount you can comfortably afford for the property. Keep in mind additional costs such as registration fees, stamp duty, legal fees, and maintenance charges. Avoid the temptation to overspend, as it may lead to financial strain in the long run.

  1. Location

The location of a residential property for sale is one of the most critical factors affecting its value and future growth potential. Consider the proximity to essential amenities like schools, hospitals, shopping centers, and public transportation. Additionally, research the neighborhood’s safety, infrastructure development, and overall livability. A well-located property is not only convenient for your daily needs but also likely to appreciate in value over time.

  1. Conduct Thorough Research

Don’t rush into a decision when buying residential property for sale. Take the time to research different options in the market. Use property dealers in noida online real estate platforms, consult with local real estate agents, and seek recommendations from friends and family. Compare prices, amenities, and property features before shortlisting potential options. Understanding the market trends and prices will give you an advantage during negotiations.

  1. Inspect the Property

Never buy a property solely based on pictures or descriptions. Schedule a physical inspection of the property to assess its condition thoroughly. Look for any structural defects, water leakages, or signs of poor maintenance. Additionally, check the quality of fittings, electrical wiring, plumbing, and the overall functionality of appliances. Hiring a professional home inspector can provide a comprehensive evaluation of the property.

  1. Check Legal Documentation

Before finalizing the purchase, verify all legal documents related to the property. This includes checking the title deed, ownership history, and encumbrances (if any). Make sure the property has all the necessary approvals and clearances from local authorities. Engaging a real estate lawyer to scrutinize the documents can prevent potential legal issues in the future.

  1. Future Development Plans

Anticipate the future prospects of the area where the property is located. Check if there are any upcoming infrastructure projects, such as new roads, highways, or commercial developments. These projects can significantly impact the property’s value and rental potential. Being aware of future development plans can help you make an informed decision and ensure long-term benefits.

Purchasing a residential property for sale requires careful consideration and diligent research. By defining your budget, selecting the right location, conducting thorough inspections, and verifying legal documentation, you can make a well-informed decision. Take your time, seek professional advice when necessary, and weigh all factors before finalizing your purchase. A well-chosen residential property not only provides a comfortable living space but also serves as a valuable asset for the future. Happy house hunting!

Residential Commercial House for Sale in Gurgaon: the Road Ahead

Residential Commercial House for Sale in Gurgaon: the road ahead

Buying a property with Jain Oncor, whether it’s a residential commercial house for sale, is a significant financial decision. Therefore, one must weigh in all their options and consider factors that can make your purchase worthwhile. Let’s have a look:

Location                   

The location of the property is the first major factor to ponder. Whether it’s for residential or commercial purposes, a convenient location can greatly impact the property’s value and potential return on investment. For residential commercial house for sale

, a prime location means proximity to schools, hospitals, transportation, and other amenities. Commercial properties should be situated in areas with high footfall, good connectivity, and a thriving business environment. Researching the location’s development plans, growth prospects, and infrastructure projects can give valuable insight into the property’s long-term value.

Budget and Affordability

Determining your budget and affordability is vital before starting your property search. Evaluate your financial position, taking into account your savings, income, and existing liabilities. Keep a realistic outlook on the budget and its feasibility. It’s essential to set a realistic budget and stick to it. When you choose to buy residential commercial house for sale in gurgaon , consider the property’s price, don’t forget to account for additional costs such as registration fees, stamp duty, legal charges, and maintenance expenses. Maintaining a proper balance between your budget and the property’s features and amenities is key to making a wise investment decision.

Legal Due Diligence

Performing thorough legal due diligence is imperative to avoid future complications and disputes. Verify the property’s title and ownership documents, ensuring they are clear and free from any legal encumbrances. One must check the legitimacy of the property by reviewing the  approvals and permits from the local authorities. It’s recommended to engage the services of a reliable legal professional who can guide you through the legal procedures and safeguard your interests.

Amenities and Infrastructure

Consider the amenities and infrastructure available in and around the property. For residential houses, access to basic facilities like water supply, electricity, security, and proper waste management is crucial. Educational institutions, healthcare facilities, recreational spaces, and shopping centers in proximity add value to residential properties. Commercial properties should have amenities that cater to their target customer base, such as parking facilities, elevators, high-speed internet connectivity, and well-designed common areas.

Future Growth Potential

Assessing the future growth potential of the property and its surroundings is essential for long-term investments. Look for upcoming infrastructure projects, commercial developments, or government initiatives that may boost property values in the area. Growth potential in terms of economic activities, population, and urbanization can positively impact the property’s appreciation and rental income potential.

Resale Value and Market Trend

While buying a residential or commercial property, it’s important to consider its resale value and the prevailing market trends. Analyze the property’s historical price appreciation and demand-supply dynamics in the area. Understanding the market trends will help you gauge the property’s potential for value appreciation and liquidity in the future.

When buying a residential or commercial house for sale in India, considering factors like location, budget, legal due diligence, amenities, infrastructure, future growth potential, and market trends is of utmost importance. By carefully evaluating these key factors, you can make an informed decision that aligns with your financial goals and ensures a profitable investment in the dynamic Indian real estate market. Remember to conduct thorough research and seek professional advice to make your property purchase a successful and rewarding one.

 

What to Look For in Kothi for Sale in Delhi, Before You Buy It?

kothi for sale in delhi

If you are looking for Kothi for sale in Delhi, you must have figured out that, buying Kothi for sale in India especially Delhi is rare to find such a house in busy areas. And even if you come across it once in a while, it is very likely to be out of your budget, leaving no choice but to look at the properties on the outskirts of the city.

However, those properties come with their own set of complications. So it is imperative, as a buyer to keep these two particular factors in mind before you make any decision to buy any Kothi for sale in India.

Location for the Building Relative to Its Surroundings

If you are interested in buying a Kothis or land no matter what’s the size, the first thing to look for is the location of the building, it has to be well located, this is necessary since it will ease the transfer for the inhabitants to work, shopping centers, schools, banks, etc.

You should find such Kothi for sale in Delhi that is good and filled with convinced things around it even if you are on the outskirt of the town, for example, in a closed subdivision with recreation areas for children and maybe even a swimming pool, It is great to buy then, as It will allow for more tranquility for the Daily life.

The Relative Dimension & Spacing of the Construction

A house for a family of between 6 and 8 members must have bedrooms with the division for boys either by age or sex, therefore the needs must be anticipated, and in this case, if it is a large family it will probably require ample space.

Any house with a family where there are more than 6 members must have ample space, especially if the family has people in Young or old age.

Even if the family doesn’t host visitors who stay overnight much often it is still imperative to have ample space for them separate from the family this can even include the servant of the family.

On Last Things So, In Simple words there are many factors to keep in mind when buying any Kothi for sale in Delhi, We at Jain Oncor with our consultants always stay ready to help you buy your dream Kothi at the fraction of the price. Contact us today to talk to our consultant.

What Are The Conditions For Renting A House?

The conditions for renting a house are numerous and deserve your full attention at every stage: from the preparation of the rental to the selection of the tenant, from the drafting of the rental agreement to the declaration of rent.

Have you made a rental investment in an apartment? Do you want to rent your parents’ vacation home for a few weeks in the summer?

Image result for https://www.jainoncor.com/residential-apartments-delhi-ncr.php

Are you going to work abroad for several months and wish to rent your pre-rented properties in Delhi during this period? Real estate rentals have a variety of scenarios.

To find a tenant more easily and especially to be able to ask for a higher rent, it is in your interest to take the greatest care of your accommodation. Do the necessary work to ensure that everything is in good condition, install useful equipment or storage, etc. There are some things that really make a difference to other rental properties in your city.

By standing out, you put all the chances on your side to have a lot of requests for your residential property in South Delhi and you will be able to place your rent in the upper range of the market without this affecting the rental vacancy.

Before renting an accommodation, the landlord must ensure that the accommodation matches and that all the required conditions comply with the regulations.

The accommodation must include the regulatory equipment and comfort elements: drinking water supply, domestic water evacuation network, heating, sanitary facilities, kitchen.

Choosing the type of lease to rent out is a crucial step. To choose, it is important to study the rental demand in the area where you own and adapt it to the type of housing you own.

You can get help in the management of your rental by specialized agencies. Your profitability will be slightly lower but you will pay for a service that can make it easier for you to manage the rental investment.

What you need to indicate in the lease agreement?

The agreement details the conditions, cost and terms of the lease, information about the parties to the agreement, the rights and obligations of the tenant and the landlord, guarantees, grounds for early termination and financial obligations.

If desired, indicate any other points, based on the individual characteristics of the property or the wishes of the parties.

Renting your house: do it alone or go through a real estate agency?

Should you rent your property directly from individual to individual or entrust it to a real estate agency? Several criteria are used to select the best solution according to the owner’s situation:

The location of the property: if you rent a property far from your home, it is easier to entrust its management to a local real estate agency. This will ensure not only the search for the tenant and visits but also daily management.

The time available: rental of the property, search for tenants, organization of visits, signature of the rental contract, establishment of the inventory, call for rents, payment of charges and repairs, relations with the tenant and sometimes the neighborhood, if you do not have sufficient time to devote to the management of the rental, entrust it to a real estate agency.

Quiet management: Via a real estate agency, the lessor delegates the choice of the right tenant, the management of unpaid rent, the management of disputes with the tenant or with the neighborhood.

For people who have enough money to buy a property, it is suggested to opt for pre-rented properties in Delhi as they serve as a safe investment to the owner.

The owner doesn’t need to search for a tenant because the pre rented properties already have tenants offering the buyer a fixed income and assured returns.