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adProperty News For January 2008

One-stop solution for all property needs
Source : The Hindu Property Plus Published On : 2008-01-26 City : Chennai

For most, property transaction at times is a rather baffling and complicated exercise that involves too much of running around. If search for right property turns out to be too cumber some then running a backgrounder check on chosen one and then going around financial institution for loans before narrowing down on one , is just another painstaking process.

It is in this backdrop, the Bangalore –based real estate bank of India (REBI) promising to provide one stop solution for all property need has opened its first master franchisee ‘Orange Infraa’ in Hyderabed. Positioning itself as an end–to-end services provider in real estate sector, it offers to help a customer with transparent transaction in brokerage, financial, database and relocation services under one roof.


The REBI operates through franchisee model and has already commenced operation in Karnataka, karala, Tamil Nadu and west Bengal apart from extending their services in Sri Lanka. The plans are to expand the operation across the country and also spread the network to countries such as Dubai, UK, US, Sin- gapore,Malaysia and Australia....

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Before you buy a plot
Source : The Hindu Property Plus Published On : 2008-01-12 City : Chennai

Check whether the seller has a right over the property.

Check whether the layout has been approved by the CMDA (Chennai Metropolitan Development Authority) and the local body. (Copy of approval layout can be obtained from the CMDA for a nominal fee).

Check whether the roads and park area have been handed over to the local body through a gift deed....

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Build a mall as a brand
Source : The Hindu Property Plus Published On : 2008-01-26 City : Chennai

Over 60 per cent of visitors enter mails to watch a movie in a multiplex, or to eat at a food court.

Only about 30 per cent enter a mall to shop! “A good percentage just came to hang out;” the average expenditure, according to a research study, was Rs 200.

These are some of the disturbing findings in ‘Malls in India’ (www.imagesfashion.com)....

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Consumer forum raps builder
Source : The Hindu Property Plus Published On : 2008-01-12 City : Chennai

The dream of having a shelter occasionally does come with its own drawbacks. For innumerable are the complaints from those who went by promises of the builders, paid the money, waited for completion of an apartment and moved in only to realize their dreams going awry due to defects facing from there.

It was the issue that had come up before the A.P. State Consumer Disputes Redressal Commission which delivered a judgement that is sure to make the builders more careful in their services.

Three persons, Abdul Ghani, George Jacob and Abdul Rab, who had bought flats at Humayunnagar, petitioned that not only the builder failed in delivering the flats in promised time but there were other deficiencies such as less area than what they had paid for. Also, case was made on car parking space and supply of water, bore well, generator and sewerage. The judgement was delivered by the Commission comprising its president Justice D. Appa Rao and members M. Shreesha and G. Bhoopathi Reddy wherein the builder was directed to clear all old dues within six weeks and also produce a No Dues Certificate....

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Disposal of plastic is actually a myth
Source : The Hindu Property Plus Published On : 2008-01-26 City : Chennai

Plastic defies any kind of progressive attempt at disposal. The solution should be saying ‘no’ to plastics

The next time we do shopping and carry home our purchase in a cute, comfy plastic carry-bag, think: we are contributing to a deadly pollution wherein the ill-effects are irreversible and capable of reaching out to our future generations!

Statistics reveal that daily use plastics like PET bottles, polythene carry bags and HDPE grain sacks account for nearly 20 per cent of Municipal Solid Waste (MSW) in our country!...

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