H.O.R

19/03/2017

Why urban Indians are heading to buy weekend homes

Urban Indias increasing quest for solitude is turning places like the Himalayas & the countryside around Mumbai into vacation-home hotspots.

16/03/2017

Now this will surely make a positive impact on Navi Mumbai's Retail Business as one of the biggest shopping malls in India comes up with all the top brands.
Seems great competition to Inorbit Mall and Sector 17 High Street in Vashi

18/02/2017

DEMAND OF SERVICE INDUSTRY:
Always standby the problems in the transactions, before or after.
Because hiding from applicable complications will never make you or your company acceptable anywhere & in whatever place.

H.O.R

18/02/2017

Developers making a great impression with these Grand Entrance Lobbies

From crystal-studded ceilings to vertical ‘water installations’, entrances are being designed as pull factors.

17/12/2016

Rental Values of Commercial Real Estate (Mumbai)

16/12/2016

A Brief About Our Real Estate Journey

25/02/2016

Property for Sale

20/11/2014

TAKE A QUICK LOOK TO OUR NEW HEAD OFFICE "HARI OM REALTORS AND FINANCIAL CONSULTANTS"

15/09/2014

Set in the heart of Navi Mumbai, this stunning 5bhk apartment is an example of luxury, Offers great ventilation and an unhindered sea view. The apartment offers a 400 sq.Ft living room and almost equally big master bedrooms. The spacious apartment comes with a fully furnished modular kitchen with chimney. This great development is situated in a location where there is an easy availability of every minute household requirement. Nerul railway station, Seawoods railway station, Palm beach road and mumbai pune expressway are just steps away from the society. A well maintained swimming pool, A well equipped gymnasium, Garden and children play area are some of the amenities this development offers. We would highly recommend you this property, Please visit and appreciate. For any further queries, We would be happy to receive your call. Thank you

31/08/2014

What is UDS and why should this be a part of your agreement?
Why is it so important?

Anyone even remotely related to real estate would have come across the term ‘UDS’ or Undivided Share of Land. However, there still exists a lot of ambiguity about what it really means and its importance while purchasing property.

Buying a home is everyone’s dream. It is not just a necessity but also a life time investment. This explains the elation one feels when the price of your home appreciates even if you do not intend to sell it. However, is your property really appreciating? Do you really own the part of the property that really appreciates – the land?

To introduce the term ‘Undivided Share of Land’ or UDS as it is commonly referred to. Undivided Share of Land is the share of land owned by you when you purchase a property. When you buy an apartment, you are basically buying two things:

-The constructed building – where you actually reside

-The proportionate share on the land, where the whole property is built

Let’s take an example to understand this better.

Consider a township consisting of 100 units of 2BHK flats (1000 sq ft) and 50 units of 3BHK units (2000 sq ft).

The total constructed area thus becomes (100 units * 1000 sq ft) + (50 * 2000 sq ft) = 2,00,000 sq ft. This means that a person owning a 1,000 sq ft flat would have 0.5% share in the total land (as 1000 is 0.5% of 2,00,000) and a 3BHK owner would have 1 per cent UDS (2000 is 1% of 2,00,000).

Note: The above example is for apartment system. If it is a co-operative society, then the land share is equal for each member, irrespective of their property size.

Points to consider

-Always check the agreement for details of the “Undivided share of land”. This will be mentioned in percentage terms like “0.45%” or exact area in sq ft terms. Just read the whole thing carefully.

-Importance of the UDS while selling a property: In real estate, while the land on which the building is built appreciates, the building itself depreciates in value. Thus, when you try to sell your property, a smart buyer or investor would definitely look for the UDS. As UDS is a ratio depending on how many flats there are and how much land the complex sits on, yours could be very low

-Importance of a Car Park: An allotted car park is very prized for the same reason. If you have a car park, your UDS becomes UDS calculated + car park land in sq ft.

Source:Magicbricks.com

28/08/2014

25/08/2014

Why is demand for properties within Rs 20 lakh low although all focus seems to be on affordability and the supply is considerable as well?

The within Rs 20 lakh budget properties have seen a demand slowdown in the market perhaps because these have been ripped off their aspirational value. Nevertheless, if you feel that a property within this budget is what you were looking for and it boasts basic amenities and infrastructure go for it. It is like how the Tata Nano is in the market. Manufacturers might have felt that those with two wheelers would graduate to Nano. However, those with two-wheelers preferred an Alto or a Santro because they felt they could upgrade without having to settle for something like a Nano whose affordability quotient had ripped it off its aspirational value.

Source: Magicbricks.com