Read On if Dealing with Property in India

Real estate in India is growing by leaps and bounds every year and seems unrelenting despite prolonged times of recession till early this year

. The property market across the entire country is flourishing be it metro cities or tier-III & IV cities or even towns and suburbs. From residential to commercial to retail property segments, all kind of setups are burgeoning throughout the nation. This major boost in Indian realty is a result of the massive demand created by both buyers and investors in wake of the following:

(a) the growing need generated by the increase in population and

(b) High returns on investment offered by Indian real estate. It is important to remember few things before getting involved in any kind of property related transaction, for example, the location, the future scope, the comparison of prices, etc. While selling realty in any part of the country, make sure both you and your home are well prepared for the event. Similarly, when buying property in India, setting the budget and prioritizing of demands and expectations is very important. The same goes for renting and leasing-both as a landlord and tenant- be it for any kind of property in India. This is an extremely long, tiresome process involving various checks, scouting the buyer or seller, completing legal formalities, so on and so forth. The simplest and probably the best way of dealing with this by far is to- Hire a property agent or real estate dealer for a reasonable price. The property in India has become one of the biggest and the most preferred ways of investing money with guaranteed profits in future. The sector is expanding with increasing demand ultimately triggered by the investment needs of the citizens. Renting has come across as a superlative method of getting steady income while the value of property goes on multiplying. It is especially favorable for those looking forward to their retirement as they get a continued residual income while getting relaxation from employment. However, the income from rent depends on the size and maintenance of property besides other factors like that of location, cost, etc. And realty agents are of greatest help in finding both the right tenant and property according to your needs. Let us take a look into what can they do for your rental property: -Preparation of Property

A flat or apartment needs to look good enough for a prospective tenant to be interested. All the repairs and maintenance work should be done before showing around the property. Agents advise on bringing property to acceptable standards and other requirements of energy supply, water purity and safety certification. -Be a Connecting Point for both the parties

An agent will not only find a tenant but also help him/her move into the property and help in other things like collecting rent, managing tax for rental income, handling emergency situations, etc. for a small service charge. They will even inform you of the relevant changes needed in future, issues affecting rentals and help maintain the interest of tenants in the property for a longer time. In a nutshell, property agents are sure to be around whenever needed by both the owner and the tenant. Despite this, some people choose to sell their cherished properties without the help from agents. The process then becomes cumbersome and full of hassles as you alone have to carry out all the required functions. These hurdles are faced by dealers as well but since they are well versed with the realty market, they surely can handle them better. Therefore, dealing with realty in India can become much easier with the help of property dealers.

Read On if Dealing with Property in India

By: Deepika Bansal

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