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Why Are Upper-Floor Apartments Expensive in Some Areas While Lower-Floor Apartments Are Expensive in Others?

Apartment prices vary significantly depending on factors such as location, climate, safety, accessibility, and natural disaster risks. In some areas, upper-floor apartments are more expensive, while in others, lower-floor apartments hold a higher price. One of the most significant factors influencing these variations is the presence of flood-prone zones. In flood-prone areas, upper-floor apartments are in high demand due to safety reasons, whereas in non-flood-prone areas, lower-floor apartments may command a premium due to ease of access and convenience. How Flood-Prone Areas Affect Apartment Pricing Flood-prone areas experience periodic or seasonal flooding, which directly impacts real estate prices. The positioning of an apartment in a building plays a crucial role in determining its value in such locations. Here’s why: 1. Why Are Lower-Floor Apartments Cheaper in Flood-Prone Areas? High Risk of Flood Damage: Ground and first-floor apartments face the maximum impact of floods...

99 Years Later, Your Flat Will Be Taken Away! Who Will Be the Owner After the Lease Ends? Know the Rules

In major cities like Delhi-NCR, leasehold property is quite common. A leasehold property is given to an individual on a 99-year lease. During this period, the individual can use the property, but the actual ownership remains with the original landowner or builder. Difference Between Freehold and Leasehold Property When purchasing property, it can be of two types: Freehold Property: The buyer gets complete ownership and does not need permission to sell or transfer it. Leasehold Property: The property is leased for a specific period, after which ownership reverts to the landowner. What Happens When the Lease Ends? Lease periods usually range from 30 to 99 years. For example, if you buy a flat in 2025 on a 99-year lease, it will expire in 2124. After the lease expires: Your ownership rights end. The builder or landowner regains ownership. The builder can sell, renovate, or redevelop the property. Can a Lease be Extended or Converted to Freehold? Governments off...

House Rent : किराये पर मकान लेने से पहले जान लें ये इंपोर्टेंट बातें, वरना हो जाएगा मोटा नुकसान

आज की महंगाई में खुद का घर लेना हर किसी के लिए संभव नहीं होता। नौकरी, पढ़ाई या अन्य कारणों से लोग किराये के घर में रहने का विकल्प चुनते हैं। लेकिन किराये का घर लेने से पहले कुछ जरूरी बातों को ध्यान में रखना बेहद जरूरी है, वरना आपको आर्थिक और कानूनी समस्याओं का सामना करना पड़ सकता है। आइए जानते हैं उन जरूरी बातों के बारे में: 1. सही लोकेशन का चुनाव करें किराये का घर लेते समय सबसे पहले उसकी लोकेशन पर ध्यान दें। आपको ऐसा इलाका चुनना चाहिए जहां से आपके ऑफिस, स्कूल या अन्य जरूरी जगहों तक आना-जाना आसान हो। सार्वजनिक परिवहन की सुविधा हो। बाजार, अस्पताल और अन्य जरूरी सेवाएं पास में हों। सुरक्षित इलाका हो और रात के समय भी मूवमेंट सुरक्षित हो। प्राइम लोकेशन से थोड़ा दूर जाकर देखें, जहां किराया कम हो सकता है। 2. बजट के अनुसार किराये का घर चुनें किराया आपकी मासिक आय का एक महत्वपूर्ण हिस्सा होता है, इसलिए बजट के अनुसार सही घर का चुनाव करें। अपने मासिक खर्चों का आकलन करें और तय करें कि किराये पर कितना खर्च कर सकते हैं। ब्रोकर या मकान मालिक से मोलभाव करें और उचित किराये पर ही ...

Tenant Rights: These Laws Prevent Landlords from Harassing Tenants

In today's world, many people are unable to purchase their own homes. As a result, they live in rented accommodations. However, tenants must be aware of their rights while staying in a rented property. Many cases arise where landlords harass tenants over minor issues. Therefore, understanding tenant rights under the law is crucial. 1. Importance of a Rent Agreement To prevent disputes between tenants and landlords, having a written rent agreement is essential. This agreement should clearly specify the rent amount, payment schedule, rental duration, and any other agreed-upon terms. 2. Protection Against Unlawful Rent Increases Some landlords demand higher rent than what is stated in the agreement. If this happens, tenants can file a complaint under the Rent Control Act 1948 . This law regulates rental rates and ensures tenants are not exploited financially. 3. Action Against Non-Payment of Rent If a tenant fails to pay rent on time, the landlord can take legal action. However,...

Want to Make Big Money from Real Estate? Keep These 6 Things in Mind!

Investing in real estate has always been a profitable option. With property prices rising continuously, many people are making substantial profits by investing in real estate. However, success in this field requires a well-planned approach and careful consideration of several important factors. If you are planning to invest in property, this article will guide you through six crucial tips that can help you maximize your profits. 1) Choose the Right Location Location is one of the most critical factors that determine the value and future appreciation of a property. Before investing, consider the following: Ensure the area has essential amenities like hospitals, schools, markets, and public transport. Research the future development potential of the location. Check for any upcoming infrastructure projects, as they can significantly impact property prices. 2) Verify the Developer’s Reputation If you are purchasing a property in a housing society built by a developer, thorou...

NSC Scheme: 5 साल बाद मिलेंगे ₹2,36,758 रूपये सिर्फ इतने जमा करने पर

पोस्ट ऑफिस की नेशनल सेविंग सर्टिफिकेट (NSC) एक ऐसी योजना है, जो पूरी तरह से सुरक्षित और गारंटीड रिटर्न देने वाली होती है। अगर आप निवेश करने का सोच रहे हैं और आपको सुरक्षित और फिक्स रिटर्न चाहिए तो यह स्कीम आपके लिए आदर्श है। इस योजना के तहत आप कम से कम ₹1000 का निवेश करके आसानी से अच्छा रिटर्न पा सकते हैं। इस आर्टिकल में हम आपको बताएंगे कि पोस्ट ऑफिस की NSC Scheme कैसे काम करती है, इसमें निवेश करने के फायदे क्या हैं, और यदि आप ₹7 लाख का निवेश करते हैं, तो आपको कितनी राशि मेच्योरिटी पर मिल सकती है। पोस्ट ऑफिस एनएससी स्कीम क्या है? नेशनल सेविंग सर्टिफिकेट (NSC) एक बहुत ही लोकप्रिय और सुरक्षित निवेश विकल्प है, जिसे भारतीय पोस्ट ऑफिस द्वारा चलाया जाता है। यह योजना उन लोगों के लिए बेहतरीन है जो अपनी पूंजी को सुरक्षित रखते हुए अच्छे रिटर्न की उम्मीद रखते हैं। इसमें आपको एक तय ब्याज दर पर रिटर्न मिलता है, जो सरकार द्वारा गारंटीड होता है। यह एक लंबी अवधि के लिए निवेश होता है, जो आपके पैसे को सुरक्षित रखते हुए उसे बढ़ाता है। पोस्ट ऑफिस NSC Scheme की विशेषताएँ न्यूनतम निवेश : इस स्कीम में...

What Happens to Your Property After a 99-Year Lease Ends? Know the Rules

A lease, or leased property, is usually valid for a period ranging from 30 to 99 years. Residential flats are typically leased for 90 to 99 years. When a builder sells a flat under a lease agreement, the buyer retains ownership of the flat only until the lease remains valid. Various laws and regulations govern property ownership. The house or flat you currently live in is either freehold or leasehold. In cities like Noida, Greater Noida, Gurugram, and Ghaziabad, most flats are sold on a leasehold basis. Many flat buyers are unaware that their property is on lease. Even more concerning is that they do not know what happens to their flat once the lease expires. In this article, we will address this crucial question and understand what happens to your flat after the lease period ends. What Happens to Your Property After the Lease Ends? A lease for a residential flat generally lasts between 90 and 99 years. When a builder sells a flat under a lease agreement, the buyer retains ownership...