Legacy Lifespaces

Modular kitchens are an integral part of any contemporary house plan. You would require a professional to set up the right kind of modular kitchen for your home, based on your need. While there are plenty of customised options available in the market, MakaaniQ list five brands that offer you the best-in-class product and service.

According to media reports, Indian cricket team captain Virat Kohli has cancelled the sale deed of an uber-luxury sky bungalow he bought for Rs 34 crore in 2016 from Omkar Realtors. The Indian skipper, who is currently living with actor wife Anushka Sharma at a plush rented apartment in Mumbai’s Worli at a monthly rental of Rs 15 lakh, is now planning to buy a penthouse at Bandra or Versova, some of the most posh localities in Mumbai, a city that is counted among the most unaffordable property markets in the world.

A property or a land parcel inherited up to four generations of male lineage is regarded as an ancestral property. According to the Hindu Succession (Amendment) Act, 2005, daughters have equal rights over an undivided ancestral property. A father who is the current owner of a family property must share ownership rights with his son, provided the share of the former is decided first after which the successive generations can subdivide the portion from their corresponding predecessor. Such properties cannot be sold without the successors’ consent and can be reclaimed by filing a suit for partition in a court.

The year 2017 has been a roller-coaster ride for all the stakeholders of the real estate sector. After the Narendra Modi-led government announced demonetisation in November 2016, the industry was trying to recover from the setback it caused. However, introduction of new laws such as the Real Estate (Regulation & Development) Act, 2016, and the Goods and Services Tax further slowed the pace of property sales across the country. Even cheaper home loans did not encourage homebuyers to invest. However, in the end, all the newly introduced reforms did discipline the players in the sector with stringent rules and penalties for violations. Industry experts believe that 2018 would be a year that will witness sales picking up.

Real estate investing is both an art as well as science. You need to keep enhancing your knowledge and understanding to keep pace with the dynamics inherent to this sector. There is a huge level of risk involved, and one has to keep learning the ropes. You may do so by making decisions on the ground but given the capital intensive nature of real estate investing, it may turn out to be a costly affair. So, why not learn from investors who have tried and tested different strategies and have been successful? There are several means to do that.