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Whether viewed from an owner's or landlord's perspective, the wear and tear of property are unforeseeable. Nonetheless, you cannot term them in the same category as damage, given there exists an evident distinction between the two. Property wear and tear result from daily use, climatic changes, and ageing, also known as natural deterioration, occurring without any negligence, misuse, or irresponsibility of the resident or tenant. On the other hand, property damage occurs due to abuse/misuse, accident, and laxity. In such a case, a landlord can claim expenses from the tenant by deducting their deposit or direct payment.
A booming sector in India projected to cross ₹13 lakh crores by 2023, real estate contributes close to 7% of our GDP. Over the years, there has been an evident shift in the dynamics of the realty industry, with builders adopting a more modern approach to their architecture and emphasising amenities in residential buildings. Though buying a home requires a series of steps, buyers today are much more proactive and are willing to spend.
Having a home of their own is the dream of over two crore Mumbaikars. However, possessing shelter on your head in the country's financial capital requires a huge amount of funds, which only a few can afford to pay upright, paving the provision for a home loan, which simply put is a secured loan to purchase a property and offer the same as collateral. It provides high-level funding at economic interest rates and specified tenure, with the amount borrowed repaid via EMIs (Easy Monthly Installments). After repaying the decided loan amount, the property rights are transferred back to the borrower. In case of not paid on time, the lender has the power to recover the outstanding amount by selling the property in question.
Living a luxurious lifestyle is a dream that many people aspire to achieve. One of the primary ways to enjoy a life of comfort and luxury is by living in an ultra-luxury apartment that offers next-level amenities.
Comfortable and inviting living rooms are designed to be functional, warm, and welcoming. In today's fast-paced world, having a tranquil space to unwind and recharge is crucial. To achieve a cozy atmosphere, many factors must be taken into account, including wall colours, flooring materials, seating, window treatments, fabrics, and finishing touches. A harmonious blend of these elements is essential to creating a soothing and inviting environment that not only looks great but feels comfortable as well.
Before we break down the step-by-step process of filing a complaint in RERA, it is essential to understand the Act in detail, from the reason for its existence to the benefits it provides to the customers.
The real estate market in the country is growing at an unprecedented rate. According to a recent report by IBEF, the real estate market is all set to grow to about USD 1 trillion by the year 2030. The demand for housing in metro cities is booming. With such exponential growth, however, cases of fraud and scams in real estate are also on the rise. While legal safeguards exist to protect the interests of homebuyers, it is important to remain aware of common real estate scams and take protective measures.
Designated the title of Mumbai’s first planned suburb, Dadar continues to be one of the popular choices among home buyers, especially the luxury segment. Formerly known as Lower Mahim, the upscale neighbourhood primarily consists of Marathi-speaking residents and is the cultural and historical soul of the city. Regarding transportation, the Dadar railway terminus is a prominent junction for the western and central lines. On the other hand, there also exists smooth connectivity via roads to Matunga, Wadala, Parel, Prabhadevi, and Mahim.
Your home's entrance is the first thing your guests see when they arrive. It's the first impression that sets the tone for the rest of their visit. Installing a beautiful name plate is one way to make a lasting impression and add a touch of personalization to your home's entrance. A name plate not only enhances the aesthetics of your entrance but also helps visitors locate your home quickly.