Mrs. Reshma Hajite – The Role Of 7/12 Document In Buying Or Selling The Land

Mrs. Reshma Hajite Director – Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On “Plot Che Pardarshi Vyavhar” Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30 Am.

Here Is The Third Episode English Transcription On “The Role Of 7/12 Document In Buying Or Selling The Land”.

For The Guidance On Transparent Land Dealings Kindly Contact Mrs. Reshma Hajite –+91-83088 16587.

Anchor: Greetings To All Our Listeners. I Chitra Khare Welcome You All Once Again For Our Brand New Episode Of “Transparent And Clear Plot Transactions”, Presented By Excellence Shelters Pvt. Ltd.Property

In This Program We Are Discussing All Types Of Plot Dealing Be It Buying Or Selling The Plot Or Even Buying A Plot For Residential Purpose And The Legal Care And Other Care That We Need To Take While Doing These Dealings. To Discuss And Guide Us About These Dealings We Have With Us One Of The Directors Of Excellence Shelters Mrs. Reshma Hajite.

Anchor: Greetings Madam

Reshma: Greetings Chitra

Anchor: Last Time We Discussed Land Investment Being Considered As Midterm Or Long Term Investment And We Have Also Started Getting Queries For The Same. Mr. Pradeep Raote Is Keen On Knowing The Role Of 7/12 Document In Buying Or Selling The Land.

Reshma: Mr. Pradeep When We Consider Any Document Like 7/12 It Basically Specifies The Current Owner Of The Land And The Type Of Land As We Had Discussed In Last Episode Whether It Is An Agricultural Land Or A Non Agricultural Land. If It Is An Agricultural Land What It Also Specifies Which Harvest We Can Grow On It? At Times It Is Also Possible That The Land Is Been Bought In The Family And Is Divided Between Siblings. In Such Cases It 7/12 Documents Specifies The Amount Of Share That Is Distributed To Each Sibling. Now A Days A Lot Of These 7/12 Documents Are Available Online As Well And It A Great Initiative Started By The Government To Create Transparency So We Can Visit Website And Look For All The Information On The Website. If You Put The Gat No. Or Survey No. On Website You Can Get All The Recent 7/12 Updated Information Of The Plot That You Are Looking For.

Anchor: So All This Information Is Also Available Online Now?

Reshma: Right 7/12 Is The First Document That We Need To Check And If Really Want To Proceed With The Deal Next We Need To Check Is The Search Title. The Search Title Helps Us Understand The History Of The Land. Like If Someone’s Defaulted Something Or If There Is Some Loan Pending On That Piece Of Land. Some Of These Things Can Be Understood From The 7/12 But The Detailed Report Like Which Bank It, Who Had Taken The Loan, Etc Can Found In The Search Title.

Anchor: The Next Question Is From Mr. Nikhil Form Vimannagar Who Want To Know About CRISIL And What Exactly CRISIL Rating Is As He Came Across This Term While He Was Doing A Survey To Buy Land For Himself.

Reshma: CRISIL Is An Organization That Is Gives Ratings To The Real Estate Projects. It Is Like We Have Finance Rating, Education Rating Now We Also Have Real Estate Specific Ratings. There Is A Third Party Audit That Takes Place And The Rating Is Done Based On 5 Parameters And Then The Project Is Rated. The First Parameter Is The Developer- Who Is The Developer, His Work Track Record, How Many Projects Have Been Delivered Till Dated, Quality Of His Work, Customer Satisfaction, Etc. A Team Is Allocated To Do These Analysis Who Analysis The Balance Sheet Of The Developer As Well. The Second Parameter Is The Legal Parameter Of The Project Where They Check All The Legal Documents Of The Project Including The Search Title And Then They Approve. The Third Parameter Is Innovation- What New Or Innovative Are You Delivering In That Project Apart From Your Competitor Which Will Help You Boost Your Sale And How Confident Are You About The Same. The Fourth Parameter Is The Development Quality- What Type Of Development Are You Providing, What Are You Deadlines For The Completion And The CRISIL Team Is Always Monitoring The Project To Check The Fulfillment Of The Commitment. Lastly The Fifth And The Most Important Parameter Is The Financial Quality Of The Project- The Amount Of Funding That Has Been Provided To The Project, The Development Cost And The Banking Capacity Of The Project From The Market I.e. If The Project Is Viable To Get Loan Approvals From Different Banks And The Financial Capacity Of The Developer Is Checked. The Rating Is Done From 1 Star To 7 Stars Rankings. Hence The 5 Stars Is A Middle Ranking.

Anchor: We Would Like To Discuss This Further But Due To Time Constrain We Will Have To Cut It Short For Today And For Any Details And Queries Do Call, Message Or Whatsapp Us On +91-83088 16587.

For More Details About Real Estate Investment In Residential NA Plots

Give A Missed Call On +91 74472 95005

Call: +91 88883 55559 | Email: Enquiry@excellenceshelters.com | www.excellenceshelters.com

Mrs. Reshma Hajite – Transparent And Clear Plot Transactions – Episode 2

Mrs. Reshma Hajite Director – Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On “Plot Che Pardarshi Vyavhar” Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30am.

Here Is The Second Episode English Transcription On “market Situations”.

Akashwani 101: “Transparent And Clear Plot Transactions” – Episode 2

Anchor: Greeting To All Our Listeners. I Chitra Khare Welcome You All Once Again For Our Brand New Episode Of “Transparent And Clear Plot Transactions”, Presented By Excellence Shelters Pvt. Ltd.

In The 1st Episode We Discussed About The Transparency And The Awareness That We Need To Keep In Mind While Deal In Land Transaction, Whether It Is Purchasing Or Selling Of Land Or Any Other Legalities That Need To Be Taken Care Of.

In The Following Episodes We Will Be Discussing Topics Such As Market Situations And Much More And To Take Us Through This Program, Once Again We Have With Us Mrs. Reshma Hajite, Director Sales And Marketing, Excellence Shelters Pvt. Ltd.

Anchor: Hello Reshma Madam,

Reshma: Hello Chitra

Anchor: In Our Last Episode You Very Wonderfully Explained Us About How We Need To More Aware While Buy Or Selling Our Land, How Maintain The Balance Between The Emotional Quotient And The Practical Implementation Through The Transactions And Also The Current Status Of The Market.

In Today’s Episode What We Would Like To Know, Why Is Generally Plot Investments Are Considered As Mid-term Or Long Term Investments?

Reshma: Short Term Investments Are 2 To 3 Months Investment; However, While Investing In Land We Invest In Areas With Expected Developments Such As MIDC Expansions, Highways Or Any Government Proposed Plan In The Near Future And These Plans Do Take A Period Of At Least 2 To 3 Years To Be Executed. In Plot Investments It Is Necessary We Have Given A Horizon Of 2 To 3 Years For The Execution Of These Plans.

Real Estate Is A Very Steady Growth Investment Unlike Stock Market Or Any Other Forms Of Investment Where It Projects The Immediate Tomorrow As Well.

Long Term Investors In Land Investment Are The Most Beneficial, For Eg. If We Consider The People Who Had Invested In Areas Like Kharadi And Kondwa In Pune Around 10 Years Back Have Received Humungous Returns In Compared To Those Who Have Liquidated Their  investments Immediately.

Land Rates Are Completely Dependent On The Development In Their Vicinity, Hence While Buying Land It Is Always Better To Keep In Mind The Proposed Development Of The Area Such As Airports, Schools, Hospitals, Etc. If We Take In Consideration Airport, It Is Such A Project That Will Take At Least 6 Years For Completion As It Is An Equally Big Project. Areas Around It Will Gain More Appreciation In 6 To 7 Years As Compared To 3 Years.

Anchor: This Show Has Been Very Enlightening So Far And Will Continue To Do So. I Am Sure You All Will Be Having A Lot Of Queries And To Resolve Them We Call Us, Message Us Or WhatsApp us On 8308816587.

Anchor: Reshma Madam What We Would Like To Next Is What All Precautions Should We Take While Purchasing The Land If I M The Purchaser?

Reshma: The First And The Most Important Thing That We Need To Check Is The Authenticity Of The Owner As At Times The Land Is On Someone Else’s Name, The Money Is Given To Somebody Else And The Owner Is Different. To Check This Legally Our Lawyer Can Apply For A Search Report Title Through Which We Understand The Transfers That The Land Has Gone Though Till Date And Who Is The Last Owner Of The Given Piece Of Land.

Secondly We Need To Check Is The 7/12 Of The Land On Which The Zone Of The Land Is Stated. This Is Very Important Because If You Want To Cultivate The Land Needs To Be Agricultural Land And If You Want To Build On That Land The Land Needs To Be Residential NA Land That Means Non Agricultural Approved. All These Things Are Mentioned On The 7/12 Of The Land And Need To Be Checked Before Buying The Land And These Things Depend On The Objective Of The Purchase.

Generally The Zoning Of The Land Is Done By The Government And We Can Only Do Restricted Activities In These Zones. On An Agricultural Land You Can Only Do Cultivation, So If You Want To Build On That Land You Need To Get It Approved By The Government Beforehand. Likewise You Can Only Build On Land If It Is Residential Zone Approved.

So The Things We Need To Keep In Mind The Objective Of Our Purchase And The Zone Of The Land While Buying It.

Anchor: Today’s Episode Has Been Very Enlightening About The Minute Details That We Need To Take Care Of While Buying The Land. I Am Sure You All Will Be Having A Lot Of Queries And To Resolve Them We Call Us, Message Us Or WhatsApp us On 8308816587.

For More Details About Real Estate Investment In Residential NA Plots

Give A Missed Call On +91 74472 95005

Call: +91 88883 55559 | Email: Enquiry@excellenceshelters.com | www.excellenceshelters.com

Mrs. Reshma Hajite – Transparent And Clear Plot Transactions – Episode 1

आकाशवाणी १०१: “प्लॉटचे पारदर्शी व्यवहार” – भाग १

“प्लॉटचे पारदर्शी व्यवहार” बद्दल माहिती देताना Mrs. Reshma Hajite (Director – Sales & Marketing Excellence Shelters Pvt. Ltd.)

Anchor: Greeting Of The Day To All Our Listeners. I Chitra Khare Welcomes You To Our Brand New Show- “Transparent And Clear Plot Transactions”, Presented By Excellence Shelters Pvt. Ltd.

We Bring To The First Episode Of This One Of Its Kinds Program Which Will Guide Us To Deal With Plot Transactions. Whether Be It Selling Or Purchasing Of Plots Or Investing In Plots.

And To Guide Us Through This Topic We Have With Us “Director – Sales & Marketing” Excellence Shelters Pvt. Ltd. Mrs. Reshma Hajite Who Come With An Extensive Experience Of 10 Glorious Years In The Field Of Plots And Land.

Anchor: “Hello Resham Madam”

Reshma Ma’am: “Hello”

Anchor: As I Was Saying In The Show Transparent And Clear Plot Transactions We Will Be Guiding Our Listeners About Plot Transactions And How To Make These Transactions Transparent And Clear. Another Thing That I Am Eager To Know Is What Made You Do Such A Show On Radio?

Reshma Ma’am: If We See Everyone Is Always Looking For Different Opportunities For Investments Be It Mutual Fund, Property Or Investments, However If We Compare The Returns Ratio, The Maximum Return Is Derived From Land. But People Are Bit Hesitant About It. They Are Also A Slightly Confused In Which Field To Invest. When It Comes To Investing In Land People Are Hesitant Due Various Reasons Such As Lack Of Knowledge Or Lack Of Proper Guide Lines And Also The Fear Of Being Cheated. Land Investment Can Prove To Be Boon If We Take Care Of Few Things Such As Understanding The Basic Legalities Of These Transactions, Try And Understand Where People Can Cheat Us And Be More Cautious About It. It Is Also Advice Able That You Should Have Some Land Investment In Your Investment Portfolio. These Entire Things Put Together Will Always Help In Building The Confidence In You To Invest In Land.

Anchor: Actually These Are Very Complicated Transactions And You Being From This Field For So Many Years You Must Be Coming Across Many People Who Have Different Questions Regarding These Investments?

Reshma Ma’am: Yes People Do Have A Lot Of Questions. The First Is Always Whether I Should Buy Or Not As Every Person Has A Success Story Or A Failure Story Attached Such As One Of My Relative Had Invested But It Didn’t Work Out Or Then It That I Had Invested Earlier And Had Got Returns And Will I Get The Same Benefit Again., Which Location Shall I Go For. Hence Both The Types Of People Who Are Scared To Invest In Land And The Other Who Are Confused With Regards To Location And Returns Generally Come For Suggestions.

Anchor: If You Have Any Queries Regarding Plots You Can Call Us At 8308816587.

Anchor: At Time Many Invest With Preconceived Notions From The Land Transactions Of Others Gains Or Losses, Do You Feel It Is Correct To Get Emotional Or Carry Preconceived When It Comes To Such Transactions?

Reshma Ma’am: Generally All Investments Do Carry An Emotional Quotient While Buying. But If You Know That Your Investment Is Legally Correct, As In Land Investment One Of The Most Important Aspect To Keep In Mind Is The Clear And Transparent Legalities Even If You Are Buying It From Your Friends Or Family. Now- A- Days Most Of The Information Is Also Available Online And Hence There A Good Amount Of Transparency To This Field As Well. There Are Also Real Estate Regulatory Acts Coming From The Government Where Even The Government Is Trying To Maintain Transparency And Because Of That Everyone Dealing In Real Estate Is Compelled To Maintain Transparency, Even Developers. There Is Lot Awareness As A Lot Of Information Is Readily Available Online. Hence Emotional Aspect Should Be The Last On List. So While Investing In Land The Main Thing That Matters Is The Legalities And Secondly From Whom Are We Buying As These As The Payments Are High.

Anchor: If You Have Any Queries Regarding Plots You Can Call Us At 8308816587.

For More Details About Real Estate Investment In Residential NA Plots

Give A Missed Call On +91 74472 95005

Call: +91 88883 55559 | Email: Enquiry@excellenceshelters.com | www.excellenceshelters.com

 

Every Penny Counts: Leverage Real Estate Into Your Most Lucrative Investment

Real Estate Investing, Even On A Very Small Scale, Remains A Tried And True Means Of Having A Secured Future. It Is A Known Fact That Once People Settle In Their Jobs/businesses, The First Real Investment They Look At Is Buying A Property/land And Secure Their Future With This Appreciating Asset. However, In Addition To Lifestyle Preferences, One Has To Look At Aspects Such As Taxation And Bank Loans To Decide On Whether To Buy A Land/plot Or A Ready Apartment. Both Forms Of Investments Are Have Their Pros And Cons And The Evaluation Process Should Be Made Objectively Keeping The Long Term Plan In Mind.

A Thorough Understanding Of The Local Market Is Advisable. If The Market Is Unwavering And Established, The Worth Of A Plot Will Rise Over Time. The Country Has Witnessed Frenzied Real Estate Activities And One Can Observe The Number Of Residential And Commercial Properties And Plots Emerging.

The Past Decade Has Been A Roller Coaster Ride For The Indian Real Estate Sector. In Year 2012-13, The Sector Witnessed Several Regulatory Changes. Nevertheless, In 2014, It Welcomed The Government’s Decision To Relax FDI Norms In The Construction Sector. They Were Confident That The Move Would Provide Assistance To Cash-starved Developers To Raise The Required Foreign Funds And Thus Clear All Pending Projects. The Second Half Of 2014 Saw Enormous Developments In The Real Estate Sector.

The Passing Of The Proposed Land Bill Will Yield Benefits For The Original Land Holders While The Real Estate Regulatory Bill Will Also Bring Transparency To This Sector Thus Clearing The Real Estate Sector Of Its Negative Image. The Industry Has Been Rather Positive As The 100 Percent FDI Would Consequently Lead To Investor Friendly Regulatory Practices In India. Buying A Property Has Always Been A Colossal Task, Be It For A Small Investor Or A Big One. One Has To Continuously Rack Their Brains To Select The Best Investment Avenue Between A Flat And A Plot. One Should List Down The Requirements Prior To Making The Purchases.

To Start With, The Investor’s Motive For Investment, The Risk Bearing Capacity And The Time Span For Holding The Property Before Reselling It Must Include. For Instance, If The Investor Wants To Use The Property For His/her Personal Use, Then Land Is Always The Best Option Since It Will Offer A Flexibility In Terms Of The Usage And Offer Handsome Value Appreciation In Long Term. However, If The Investor Wants To Resell The Property After A Small Period Then Opting For A Flat Is A Better Option. Land Investment Is A Better Option For An Established Investors Who Have A Finer Investment Prospect. Land Acquisition Is Most Lucrative When One Invests In Emerging Growth Corridors Of Cities Where Appreciation Is Likely To Happen Over The Upcoming Years. However, Buying Barren Land Can Also Be A Fruitful Investment. It Offers Varied Merits To The Investors. A Barren Land Always Gives The Owner A Sovereign Choice Of Using It In Their Own Way. For Instance It Can Be Converted Into: Agricultural Land, Residential Project Or Commercial Zone And Hence Leasing It Out. Further It Also Offers An Enhanced Resale Value At The Time Of Selling Process. With Space Availability Vanishing Quickly In Every City By Each Passing Day, The Land Value It Is Expected To Touch The Sky Very Rapidly. Moreover, Flexibility Of Options Available To Build As Per Future Requirement Further Accelerates The Cost Overall.

Buying A Flat Is A Good Option For A Small Investor. From The Day One Of The Possession, Flats Are Ready To Generate Handsome Income, In Case The Owner Plans To Rent It Out. The Depreciation On Construction Reduces The Growth Rate, Therefore Its Value Grows With A Diminishing Rate. In Case Of Flats, The Value Of The Property Rises As The Demand For Flats Within The Colony Rises. Moreover, A Flat Purchase Sets The Owner Free From Various Burdens And Responsibilities. For Instance, He Or She One Does Not Have To Worry About Hiring An Architect, Seeking Approvals From Local Bodies And Dealing With Contractors. Another Additional Benefits Like- Power Backup, Club House, Swimming Pool, Maintenance And Security Are Also Available For A Flat Owner Without Any Hassle. The Developer Himself Takes Care Of The Prerequisites Things And Hands Over The Custody On The Completion.

Following Are Some Pointers Which An Investor Should Consider Prior To Making Any Property Purchases:

• In Order To Secure The Maximum Returns In Future, It Is Important To Make One’s Investment At The Right Time, When Entry Costs Are Low • ‘Location’ Is Pivotal To Think About While One Wishes To Buy Land For Using It For- Retail, Commercial Or An Industrial Setup. It Always Advisable To Scrutinize The Area Since These Ventures Is Dependent On The Immediate Access To A Customer Bases And Availability Of Manpower

• Evaluating The Value Of Land Over A Period Of Five Years Is Imperative For Investors So As To Measure Against Other Land Transactions In The Area

• Last But Not The Least, To Keep Away From The Various Hazards That Any Investors Can Be Exposed To While Investing In Land, It Is Always Prudent To Purchase Developed Plots From Reputed Developers

– See More At: Http://www.nareshbharde.com/blog-details.php?bid=28#sthash.wlh0Ca6X.dpuf