Due to the financial benefits it provides to both the buyer and the seller, selling a property through a PoA has become a common practice in Indian cities, but is it tenable under law?
Renting out property comes with its set of challenges for safeguarding the property. If you are considering renting out your property, then here is a checklist to help you expedite the process.
The construction of the Mopa airport located in the North Goa district is 75 percent complete. The ambitious Mopa airport project’s success shows the strength of the BOT model. The airport is widely expected to lend momentum to the state’s real estate.
Goa leads domestic demand for second homes, with a fifth of respondents interested in buying a second home in the state and experts expect the international airport at Mopa to have a multiplier effect on Goa, both as a destination for tourism and a state to own a home in.
Sixty seven per cent of high net worth individuals (HNIs) are planning to buy a luxury property in the next two years in order to upgrade their lifestyle, revealed a survey conducted by India Sotheby’s International Realty.
According to the Knight Frank report titled ‘Real Estate Outlook 2022’, India’s realty sector is showing signs of healthy growth in 2022. With the steady performance and quick revival, the real estate sector regained the buyer’s and investor’s trust and further picked up the growth momentum.
Goa has now firmly established itself as a year-round staycation destination, bumping up the average rentals for a well-located property to 4% per annum. Limited supply of quality homes has meant one of the fastest price escalations for Goa real estate, during the pandemic.
One of the major reasons for the increased demand in the luxury and affordable segments can be attributed to the changing need and mindset of the people. The pandemic and the uncertainty that it caused has resulted in an increasing desire among people to own a house of their own.
With the COVID-19 pandemic appearing to have created several resets in real estate and the wider acceptance of work from anywhere, the demand for second homes has gone up.As many as 70 percent respondents want to invest in a second home priced at Rs 2 crore or less within two years, a survey by Savills India, amongst prospective homebuyers, has said.
With the festive season ahead, banks across India have started giving offers and providing concessions. One such phenomenon that has been going around recently is interest rates of home loans that find themselves at an all-time low across the country. One such recent entrant into the list of financial entities to slash their rates was Kotak Mahindra Bank.