Bhoolok International Realty Pvt Ltd

Store your property documents online- Top 3 benefits of moving to a Digital Platform Store your property documents online- Top 3 benefits of moving to a Digital Platform BENEFIT #1: Quick and Easy Access Have you wasted hours trying to find the one document you need? Searching for documents through a library of file cabinets is tedious and involves a lot of energy. On the other hand, documents stored digitally can be easily tracked and retrieved immediately during an emergency. Digitized documents can also be shared with anyone who needs it in real-time, which is usually not possible with the paper documents. BENEFIT #2: Enhanced Security and Greater Reliability Who can you turn to for help and aid, if your property papers have been misplaced, lost or stolen? Property documents are important and having adequate security and control is imperative. Hard copies have a high probability of being damaged either by a flood, fire outbreak, or any other  force ma...

Which is a Better Investment: Real Estate Or Stocks? Work and save aggressively, knowing that a life without the worries of money is a good life! There’s always a long standing debate among investors on whether property makes a better investment proposition to shares. There’s no denying that the stock market historically outperforms other types of investments. And if you have to choose between investing in real estate and stocks, it might seem like a no brainier. Some people think the stock market is the better alternative because the real estate market is unstable at its best. There’s no guarantee that property values will appreciate from year to year and when home price gains slow or decline, investors take a serious hit. The stock market isn’t much better, it’s known for its volatility and there are unpredictable ups and downs. Without doubt, stock market investing offers an unparalleled ease. You can invest in stocks with as less as Rs 500. It can be done i...

Lease Agreement or Leave and Licence Agreement, which one to choose? Lease Agreement or Leave and Licence Agreement, which one to choose? At times, the three “L”s can be quite confusing; “Lease”, “Leave and “License”. The terms ‘Lease Agreement’ and ‘Leave and Licence Agreement’ are often misunderstood as the same thing. We are frequently asked these questions- “Which type of Agreement will protect my interests?” “Which agreement ensures my ownership remain secure?”. To understand these better, let’s look at a scenario, where “A” is the owner of a property who wants to rent his premises “X”, and “B” is someone who needs a premise to stay for a short period. Let’s see in this situation which agreement is more suitable. In order to ensure that the rightful interest of an individual on a property is not diluted, we need to look at the seven fundamental differences between these two agreements which are: 1.Duration A Lease Agreement (Lease) is usually cre...

Know the difference: Agreement to Sell and Sale Deed! Know the difference: Agreement to Sell and Sale Deed! Whether you plan to buy a property or already own one; whether you are a home buyer or a home owner, you should know the legal documents that establish absolute ownership over the Property. When we talk about Sale, there are two terms which are widely used i.e. Sale Deed and Agreement to Sell.  Many times we have come across buyers who hold Agreement to Sell and mistake it for the Sale Deed. Lack of understanding of the difference could lead to grave errors and at times, dire consequences. What is an Agreement to Sell? When a buyer approaches a house owner to buy his property, certain terms are agreed upon including the offer price. These buying terms, advance amount and other ‘conditions precedent’ (agreed conditions under which the sale can conclude) for the sale are recorded in writing and accepted by the parties in what is called the Agreement to Sell...

Karnataka notifies RERA BENGALURU : The Karnataka government has notified the  Real Estate   Regulatory  (Regulation and Development) Act on Monday making it mandatory for all the builders to register with the regulator. The Karnataka Real Estate (Regulation and Development) Rules, 2017 shall come into force from the date of their publication in the Official Gazette, said Kapil Mohan, principal secretary to the Karnataka's department of housing. Last week, the Karnataka Cabinet had approved the Real Estate Regulatory (Regulation and Development) Act with a few changes, paving the way for the setting up of a regulator for the sector. According to the Karnataka  RERA   Rules, the builders should disclose the size of the apartment based on carpet area. The rule also mentions that for ongoing projects that are yet to receive a completion certificate, the promoter shall within a period of three months of the application for registration of the project with ...

Buy Vs Rent ! What should I do? For a modern day home buyer, it has become a tough choice. “Should I pay rent or EMI’s for my house”?  Hefty costs associated with buying a house, make most independent youngsters to rent one, once they start earning. Buy Vs Rent ! What should I do? As they start families and save money, many choose to buy a home. However, while it is apparent that there are no returns in renting, one needs to be mindful of the costs and recurring expenses associated with buying and owning a house. In this article, we have listed down five important points to consider while comparing Buying Vs Renting which shall help you take a right decision. 1. Cost:  Buying: Buying definitely has a huge upfront cost which includes paying the token money/advance amount at the time of booking or entering into an agreement. In most cases, this is 20% of the purchase price. If you are planning for a home loan, there are installments to be paid. With many...

Real estate tips for the Bangalore Prime location for Home Buyer The low budget and mid-income value or the luxury budget are advisable for all when it comes to Bangalore. The availability of large amounts of residential properties in Bangalore at lower prices and also the extensive expansion of the city have encouraged a lot of people to come and live in the city. Real estate tips for the  Bangalore Prime location  for Home Buyer The   Residential flats In Bangalore , however, are mostly filled because of the double use of commercial spaces in the area. The whole development tends to be dependent on the major number of global corporate industries acquiring the place, the readily available infrastructure in even the tiniest places, the rapid connectivity which happily and thoroughly joins the whole city and a lot of lands still remaining attracts more investors to come and make their dream home here. Locations such as Electronic City tends to incr...

Points To Remember Before And After Buying A Property Points To Remember Before And After Buying A Property As is obvious from the title, our attempt here is to make our readers aware of the things they should look into before buying a property, and equally important, what they should remember after they buy the property. Let us jump straight to the first part of the subject, “Points To Remember Before Buying A Property”. Whether you are buying a property for investment purpose or for own stay,  it needs to go through certain evaluations and checks to mitigate any possible risk before one takes the final call. We hope the points discussed in this article, would benefit you in making your next purchase. Purpose of Buying:  Even before you start your search for a suitable property, you need to have absolute clarity as to the purpose of your purchase. Your criteria for evaluation and comparison changes based on your purpose, be it for own use, or for renting or...

5 frequently asked questions on Real Estate CAPITAL GAINS 5 frequently asked questions on Real Estate CAPITAL GAINS Traditionally in India, there has always been a tendency to invest in physical assets such as gold, metals and real estate. Although there are many secondary investment options such as stocks, bonds, fixed deposits etc., real estate still remains at the top of the list. Many believe they should invest in property as soon as they start earning. This article will address a few important questions on capital gains from a property (profit which accrues from the sale of a property) and it’s long and short term tax benefits. Investment in real estate is your personal choice and we do not intend to provide any opinion nor any judgment on that matter. 1.What are the capital assets? Capital asset is a type of asset which is useful for long term typically for more than a year. In real estate terms, capital assets are any kind of property owned by a person. ...