Property koncepts - Property News: CITIES WORTH FOR BEST LIVING ================================================================================ adminkoncepts on 12/03/2012 12:36:00 Quality of life is very imporant which is assessed on the basis of various parameters. Vienna is assessesd as the best city in the world to live in and in India New Delhi and Bengaluru are the top Indian cities. Vistenna retains the top pot as the city with he world's best quality of living, according to the Mercer 2010 Quality of Living Survey. Zurich and Geneva follow in second and third position, respectively, while Vancouver and Auckland remain joint fourth in the rankings. Singapore (28) is the top-scoring Asian city followed by Tokyo at 40 Baghdad, ranking 221, remains at the bottom of the list. SELLER AND BUYER PILLLARS OF ANY REAL ESTATE DEAL: ================================================================================ adminkoncepts on 12/03/2012 12:18:00 In the present scenario of real estate field transactions are very important to keep live the real estate rotation popularly known as deals. Any real estate transaction involves considerable investment of the purchasing both in terms of time and money. In the present scenarion the level of confidence among various persons involved seller, purchaser, developer, channel partner etc. is the least. For a dis- pute-free sale transaction in favour of all parties involved, it is important to be aware of the obligations and duties buyers and sell- ers have towards each other. Section 55 of the Transfer of Property Act, 1882 (`TPA') enumerates buyers' and sellers' rights and responsibilities. PRECAUTIONS IN DRAFTING THE WILL: ================================================================================ adminkoncepts on 06/03/2012 17:22:00 If you have number of properties in the form of flats, independent houses and also have some gold, mutual funds and insurance policies as investments. You need to write a will to logically transfer the properties among the legal heirs/dependents to ensure that there is no conflict. The will is a legal docuement which is activated after the demise of the testator (person making the will) should clearly spell the division of the assets among the heirs. CAPITAL GAIN: PROPERTY RECEIVED THROUGH WILL ================================================================================ adminkoncepts on 05/03/2012 18:08:00 ANY profits or gains arising from the transfer of a capital asset is taxable as capital gains and is deemed to be the income of the tax payer in the financial year in which the transfer takes place.Similarly,income of every kind,which is not specifically taxed under any of the specified heads of income,like salary,house property,business income etc., and unless specifically exempt,is subject to tax under the head income from other sources. Many a time,issues arise in respect of taxability of the property received as a gift or under a will/inheritance and its subsequent sale by the tax payer. THE LAND ACQUISITION IMPASSE AT NOIDA EXTENSION(GREATER NOIDA): WHO IS TO BLAME? ================================================================================ adminkoncepts on 04/03/2012 14:44:00 Twin cities Noida & Greater Noida are well known as developed cities for better infrastrucutre facilities and opportunities.Due to ever increasing land values and development of world class projects it always attracted investors at large scale.Around 60% purchase made in the area is speculative purchase by the property investors.Number of projects are being developed in the area and price varies from location to location. Noida extension ia the area which provided affordable options for the buyers in the proximity of Noida & Greater Noida. Land acqisition has always been sensitive issue across district Gautam Budh Nagar and creater controversy also which has taken political propoganda. The land acquisition fiasco has affected many buyers and developers. What are the options available to you?Once considered a city having no potential, day Noida and Greater Noida are hub of upcoming commercial projects and residential townships.People aspiring for quality and luxury living and work spaces are investing their savings and funds in up-coming projects in these places.These projects are being constructed or being planned on land parcels allotted to developers by the Noida Authority or Greater Noida Authority who in turn have acquired these land parcels from villagers and farmers who previously owned them. TOKYO SKY TREE ARCHITECTURAL ENGINEERING MARVEL ALSO KNOWN AS TECH TREE: ================================================================================ adminkoncepts on 01/03/2012 15:48:00 Taller structure have always been concern of attraction for Architects, structural consultants and symbol of better technical know how. Erecting taller structure has also been symbol of power & prosperity as well. Land being limited natural resource this is high time for developed contries to go vertical rather than horizental for development. Every country is trying to come out with higher buildings and structures.Recently Japan has come out with engineering marvel Tokyo Sky Tree formerly known as New Tokyo Tower which is a broadcasting, restaurant, and observation tower in Sumida, Tokyo, Japan. It became the tallest artificial structure in Japan in 2010 and reached its full height of 634.0 metres (2,080 ft) in March 2011, making it the second tallest structure in the world after Dubai's Burj Khalifa GREATER FARIDABAD GETTING BOOST AND POPULARLY KNOWN AS NEHERPAR ================================================================================ adminkoncepts on 26/02/2012 12:56:00 Improvement in infrastructure and better connectivity ­ especially with the Metro link to Badarpur ­ has given a fillip to real estate development in some spots within Faridabad. What's more, the NCR's longest Metro corridor at almost 14 km, is expected to come up in Faridabad as part of the city's Phase III plans.This growth has proved to be beneficial primarily for the affordable Neharpar area, which includes sectors 75 to 89. Also known as Greater Faridabad and incorporated under the city's Master Plan in 2004-05, the area shares its boundary with the Eastern Periphery Expressway, which runs between Ghaziabad, Noida, Faridabad and Palwal. WHY BANKS ARE NOT FUNDING STAMP DUTY & REGISTRATION COST IN HOME LOANS: ================================================================================ adminkoncepts on 26/02/2012 12:37:00 Financial instituional apex governing body Reserve Bank of India's recent notification to banks to stop taking stamp duty and registration costs into consideration for property valuation could make it diffuclt venture for some one who is planning to buy a home with the support of loan from the bank. What could be the reason behind directive of RBI to stop financing stamp duty and registration charges? Realty investors left holding their apartments as demand sinks ================================================================================ adminkoncepts on 26/02/2012 12:10:00 The vicious downward spiral in demand for real estate, and unrealistically high prices, have forced the hands of many investors: they are having to take possession of their properties, and getting them registered. Typically, an investor flat, bought at the commencement of a project, is not registered with the government but directly sold off to retail buyers once the project is completed.However, as individual buyers are postponing or cancelling their purchase decisions, the investors are left holding the baby. RAPID URBANISATION IN INDIA'S MEGACITIES BUT POOR AVAILABILITY OF SAFE WATER AND SEWAGE TREATMENT: ================================================================================ adminkoncepts on 26/02/2012 11:47:00 India may be proceeding ahead with the rapid urbanisation but there is very poor scenarion as cities fail to meet growing water demand, treat sewage, finds CSE study Major metros like Delhi and Mumbai face huge water and environmental crises as infrastructure tries to keep pace with the increasing population, says a new study of 71 Indian cities. Water is very scarce resource which has not till date got serious attraction of policy makers and most of the water magaments plans are not suffucuent and lying in almirah. Indian planners need to think on this issue very seriously and delay may create a havoc.