Rich Infra Provides Insights into Gurgaon’s Real Estate Market

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Gurgaon is one of the preferred destinations for property seekers. The real estate market of Gurgaon has gone through unprecedented growth since 2004. During 2012-13, there has been a downfall in the real estate of Gurgaon. However, despite these up and downs in the market, Gurgaon has managed to stay a desired investment location for Indian audience.

Today, Gurgaon holds more than 1 Lac residential apartments and this number is expected to grow in near future. The government in collaboration with private investors, is making a strong contribution in uplifting the infrastructure industry in the region. The city has undergone tremendous commercial infrastructure developments. The commercial real estate has played a vital role in the success of Gurgaon’s real estate market. Most of the MNC’s have set up their offices in Gurgaon which has attracted many people from the rest of the city to migrate in Delhi NCR. As a result of it, the demand for rental residential property got increased which eventually turned into more demand for residential apartments in Gurgaon.

 Right now, the new projects are coming up in following areas:

• Golf Course Extension Road
• Northern Periphery Road
• DwarkaExpressway
• Southern Periphery Road

 Some of the upcoming projects in Gurgaon are:

• Vedas- Raheja Developers
• Navodaya- Raheja Developers
• Atharava- Raheja Developers

You can browse more projects at: http://www.bindaasproperty.com/propertylisting.php?stype=project

It is expected that the real estate market in Gurgaon will grow at the end of 2015 or start of 2016. Gurgaon has world class infrastructure, employment opportunities and great connectivity with other regions of NCR. All of these factors make it a good real estate investment option. In the coming time, more residential and commercial property projects are expected to launch in the city.

If you are also looking to invest in Gurgaon for commercial or residential property and need some expert advice, then feel free to contact the real estate industry experts at Rich Infra.

Rich Infra Shares Useful Tips to Avoid Fraud While Buying Property in India

In today’s time, having an owned house has become everyone’s dream. In India, the realty demand is increasing rapidly. Buying a new house is something which needs cautious efforts on part of buyers in order to get correct property. Checking the cost, location, amenities, possession dates, modes of payments etc. are important. However, it is equally important for buyers to protect themselves from the risks of frauds while investing their hard-earned money. Rich Infra, which is a leading infrastructure development company in India, has always been educating the Indian audience to safeguard their interest. Real estate experts at Rich Infra Developers Ltd. has laid down some useful tips which every real estate buyer should take into account to avoid frauds.

Which Documents to Check?

Here are some important documents that buyers need to check while buying a new house.

 Sale Deed

• Mother Deed
• Approved Plan of Your Building
• Encumbrance Certificate
• Conversion Certificate
• Occupancy Certificate
• Tax Receipts
• PoA (Power of Attorney)
• Completion Certificate

Different Ways of Cheating in Real Estate

• Use of Fake Documents
• Multiple Mortgage of Property
• General PoA
• Showcasing Govt. Owned Lands
• Multiple Registrations
• Dubious Agreements

 Quick Checklist to Follow

• Ask for original documents of the property
• Check previous encumbrances or loans
• Check if the layout and building layout plan is approved
• Check for property and water taxes in addition to society, maintenance and electricity charges.
• Check total cost of the property
• Other Facilities
• Check income tax clearance certificate to ensure that owner has cleared all the income tax liabilities
• Make local enquiries to check the seller’s reputation
• Ask for NOC
• Check if the property has been mortgaged by the owner in any bank
• Check all the ownership documents clearly. It would be good to hire a legal consultant

Rich Infra Shares Useful Tips to Avoid Fraud While Buying Property in India

In today’s time, having an owned house has become everyone’s dream. In India, the realty demand is increasing rapidly. Buying a new house is something which needs cautious efforts on part of buyers in order to get correct property. Checking the cost, location, amenities, possession dates, modes of payments etc. are important. However, it is equally important for buyers to protect themselves from the risks of frauds while investing their hard-earned money. Rich Infra, which is a leading infrastructure development company in India, has always been educating the Indian audience to safeguard their interest. Real estate experts at Rich Infra Developers Ltd. has laid down some useful tips which every real estate buyer should take into account to avoid frauds.

Which Documents to Check?

Here are some important documents that buyers need to check while buying a new house.

Sale Deed

• Mother Deed
• Approved Plan of Your Building
• Encumbrance Certificate
• Conversion Certificate
• Occupancy Certificate
• Tax Receipts
• PoA (Power of Attorney)
• Completion Certificate

Different Ways of Cheating in Real Estate

• Use of Fake Documents
• Multiple Mortgage of Property
• General PoA
• Showcasing Govt. Owned Lands
• Multiple Registrations
• Dubious Agreements

 Quick Checklist to Follow

• Ask for original documents of the property
• Check previous encumbrances or loans
• Check if the layout and building layout plan is approved
• Check for property and water taxes in addition to society, maintenance and electricity charges.
• Check total cost of the property
• Other Facilities
• Check income tax clearance certificate to ensure that owner has cleared all the income tax liabilities
• Make local enquiries to check the seller’s reputation
• Ask for NOC
• Check if the property has been mortgaged by the owner in any bank
• Check all the ownership documents clearly. It would be good to hire a legal consultant