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Residential Property

Articles about residential property, in plain English.

Residential Property

Valuing leasehold property: Noida, Navi Mumbai, Salt Lake

A lot of Indian property that people think they own outright is actually leasehold: Noida flats, Navi Mumbai societies, Chandigarh sector houses, Salt Lake plots. The lease does not make the property worth little, but its terms do move the price, sometimes by more than the owner expects.

Residential Property

Working out built up area from carpet, step by step

Most explanations of built up area stop at the definitions. That is the easy half. This one takes a single flat and does the arithmetic in both directions, because the direction you need depends on which number somebody has handed you.

Residential Property

How Long Does Property Valuation Take for a Home Loan?

A standard residential valuation for your home loan takes 2 to 4 working days from document submission to report delivery. This timeframe is predictable, and applicants can avoid delays by understanding each step of the process.

Residential Property

How is a flat valued? What actually counts

Two flats in the same building, same size, can be worth noticeably different amounts. Once you know what a valuer looks at, the gap stops being mysterious.

Residential Property

Carpet, built up, super built up: the difference

You bought a thousand square foot flat and it feels smaller than the neighbour's nine hundred. Both of you may be right, because you are quoting different measurements of the same kind of space.

Residential Property

Does your flat lose value as it gets older?

A flat's value is determined by two main components: the depreciating structure and the potentially appreciating land share. Whether an old flat gains or loses value depends on which of these components has a greater impact in its specific location and condition.

Residential Property

What actually raises your home's value?

Three different things get confused. Things that raise value. The property is genuinely worth more afterwards. Things that help it sell. The value is unchanged.