In the 21st century with Facebook turning out to be one of the most dynamic and integral part of our life, as from the moment we wake up to the moment we go to sleep we keep ourselves constantly posted and updated by this social medium.
TATA Housing has set a vision to use this source of medium and offer customers opportunity to see and purchase their new project TATA Codename Goa Paradise online. Tata Housing has announced “Social Sell”, a one of its kind service that would let users on Facebook in India to sell houses in its upcoming project in Goa.
This is one of a kind initiative, via which customers can get registered through Facebook to make sure that they receive their unique invite code, assisting them to login on October 26th login on October 26 to book limited homes at this project “Codename: Goa Paradise” on a first come first basis.
This state of art residential complex is spread across an area of 5 acres, the project is a premium resort themed. Situated close to the Goa airport at Dabolim this project is marketed as a leisure home.
Over 132 million monthly active people in India and people across the world on Facebook can participate and get an opportunity to book a dream home in Goa. This initiative will provide inspiration to other brands to drive awareness, generate leads and deliver sales on Facebook,” said Kirthiga Reddy, MD, Facebook India.
TATA Housing pioneered the concept of online home buying in India India when it partnered with The Great Online Shopping Festival by Google in December 2013. Since then the company is coming up with innovative ideas to sell homes at its various projects.
One of the leading website in Indian Real Estate Market conducted a research that was to identify the best and the most ideal location from investment point of view across India in 2015. With the soul mission of this study was to facilitate and pass of information based on concrete data for a more stable investment.
The report was conducted on the basis of the data compiled in March 2015 and also kept a check on residential property price trends for over the past one year and had shortlisted up to 50 such localities and areas.
Out of all the 50 localities and areas that have been shortlisted, below are some new locations in the city’s that are already giving positive signs in Real Estate Sector. These have been the few for this week, rest coming soon.
"Explorer the yet explored!"
Ambegaon, Pune:
Ambegaon is one of the most upcoming locations that is situated on the outskirts of Pune and it also offers a good valuation investment proposition. With its great connectivity with the inner city as well as to Mumbai - Bangalore bypass.
Ambegaon also falls within Pune corporation limits, thus indicating a good chance of getting better infrastructure compared to other areas in the outskirts.
Guduvancheri, Chennai:
Chennai is a developed market in terms of real estate with great property at amazing prices. However, there is lot of potential for growth of the market in the outskirts with a good demand and supply-balance in its existing market.
After Oragadam and Sriperumbudur, Guduvancheri is an upcoming real estate hub in the outskirts of Chennai. This locale is situated along the Chennai - Trichy highway and has become a fast developing residential area between Tambaram and Chengalpet. It has especially seen a high demand for plots in the recent past owing to well established basic infrastructure, such as schools and
markets.
Rajarhat New Town, Kolkata:
This is located on the outskirts of Kolkata and is a fast growing satellite city planned by the West Bengal government. Consisting of two villages, Rajarhat and Bhangar, this area is being developed in the north eastern parts of Kolkata.
This is about three times the size of Salt Lake and is home to many IT companies. Corporates have purchased land in this area with plans of developing them at a later date. It is already home to many residential and commercial projects.
The most frequently-occurring type of disagreement in Indian real estate is land dispute. Cases range from of illicit land grabbing and illegal land sales to instances of purchase of land where no actual purchase has taken place.
E-registration has simplified the process for providing evidence of titles and facilitating transactions, and will go a long way in preventing the unlawful disposal of land.
This online registration system effectively put paid to the various underlying problems and loopholes in the traditional land registration process, based on the Land Registration Act of 1925, which typically involves Powers of Attorney, sale or mortgage of.
TREE OF OWNERSHIP :
If a piece of land has been passed on for generations or has seen multiple owners over time, a proper hierarchy of land holding needs to be available so that current buyers or tenants can ascertain the exact value of land or the rent according to current market values.
This is possible only when there is complete transparency in document verification and full disclosure of details about the property - gross carpet area, number of rooms, foundation details and wiring blueprints.
ROLE OF A BROKER :
Does e-registration also negate the need for a real estate broker? This is a fair question. While all details of the property may be available online, this may not be enough information to make a firm investment decision.
The question of whether a particular property, regardless of how many details are available online, makes good investment sense in light of many other options can only be answered by a knowledgeable consultant.
E-REGISTRATION PROCEDURES :
Since property in both urban and rural areas property comes under the jurisdiction of the same State Government and both types of areas are managed under a Tehsil (aka taluk or mandal) the e-registration of property (housing or commercial rental) is fairly similar.
The process will only differ if the land is vacant or occupied (built upon). For vacant land, valuation is done at current market price while for occupied land (with built-up prope)
BENEFITS OF E-REGISTRATION :
The usual resource challenges at Registrar offices are reduced drastically, allowing them to tend to more sensitive matters like disputes.
-The details and documents pertaining to land records can be accessed online at any time.
-Transparency in the registration process increases significantly, thereby also rationalizing broker fees and negating the need for bribes to officials
-The software calculates the stamp duty.
