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adProperty News For January 2009

     
 
Can one opt for divided share of land?
Source : The Hindu Property Plus Published On : 2009-01-24 City : Chennai

I am the owner of a Housing Board flat with proportionate share in the undivided share of land.

The property is under joint development with the builder who has acquired 80% ownership by way of outright purchase and intends to build flats only in the remaining 20% by sub-dividing the land proportionately.

I am keen on seeking sub-division of my proportionate undivided share of land and not participating in joint development. I am holding clear title for flat and proportionate UDS and now would like to convert to divide share of land....

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Fair pro 2009 fair from feb 13
Source : The Hindu Property Plus Published On : 2009-01-24 City : Chennai

Investors can meet most of the developer’s active in a particular region, and choose a property most suitable to their need and budget

The Confederation of Real Estate Developers’ Associations of India (CREDAI), Tamil Nadu will be hosting FAIRPRO 2009 from February 13-15 at the Chennai Trade Centre, Nandambakkam.

FAIRPRO 08 received an overwhelming response with a turnout of a 1, 00,000 footfalls with 400 bookings made over three days. ...

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Exercise caution before opting for loan transfer
Source : The Hindu Property Plus Published On : 2009-01-24 City : Chennai

Assess the credibility of the new financier and see if he has quoted a much lesser interest rate, says R.P. Deshpande

If your bank is charging interest rates on par with market rates and you are happy with the services offered and if some new bank/HFC is luring you with a little lesser interest rate (say one percent less than what you are paying now), please don’t be carried away by the sweet word of Home Loan Counselor. It will only help the Counselor, who will enjoy his commission without sweating. , as work involved in balance transfer is much less as compared to serving a new home loan.

If you are not comfortable with the present lender and you find that there is not much transparency in charging the interest on your loan and if an established bank or Home Finance Company having good reputation is offering you balance transfer at interest rate at least 1.5 per cent less than what you are paying now, only then it is advisable to shift you home loan account. Before you make your final decession, you need to workout the economics and consider the following:...

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Revisiting the documents needed for property buy
Source : The Hindu Property Plus Published On : 2009-01-24 City : Chennai

R.L. NARAYANAN

There are various documents and information is relevant

Recession may be good for purchase of properties. Many investors are looking at an ideal time for making investment in properties. Prices have taken a down turn. It is also a good time for acquisition of properties for personal use. Hence, we can revisit certain basic requirements relating to purchase of properties. ...

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Simple and elegant interiors preferred
Source : The Hindu Property Plus Published On : 2009-01-24 City : Chennai

Minimalism has caught the collective fancy of those doing up their homes. It has as much to do with economics as aesthetics, writes Hema Vijay

It does seem incongruous that minimalism has clicked in India, a country that has generally veered towards the ornate. But today, barring a few exceptions, minimalism has caught the collective fancy of those doing up their homes now.

People seem to like the timeless look minimalism provides. And the fact that it involves less of clutter makes it practical for maintenance purposes. “For a minimalist look I would suggest a Zen Asian trend”, says interior designer Vidhya Sagar. Minimalism and simplicity are important in an Asian themed room, so clutter is avoided at all costs. “Using accessories like bamboo, paper lamps, etc. help create a peaceful room. Furniture can be simple with elegant neat lines. Dark wood furniture with warm colors would be neutral and transcend seasons. Subdued wall paper with a hint of color can be used to enhance the ambience”, she suggests. ...

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