Investment avenues are many. But the investor should be prudent enough to select a proper area, which is safe and secured with assured reasonable returns. Earlier the bank deposits, stocks, mutual fund, insurance policies and bullion were most opted. With increased business, globalizations of economy have unfolded many more areas. The investment has become very complex which has led to the emergent of specialized investment advisers.
Bank deposits, mutual funds, insurance policies have become unattractive because of low returns and failure of many companies. Stock market is unpredictable and volatile. Moreover, these investment avenues are for short-term which need close monitoring. Further the quantum of investment is generally small.
In recent past real estate has emerged as a safe and high yielding investment opportunity. Investment in real estate is a long-term investment and needs considerable amount. It is not only financial but also sentimental, emotional investment.
Certificates of Title are documents that may be used to establish the current owner of a piece of property. Along with identifying the current owner, a Certificate of Title will also provide other valuable information about the status of the property, including any existing easements or encumbrances on the land and buildings located on the property. Full disclosure of the status of the property on the Certificate of Title can help lenders and potential buyers to be fully apprised of the current situation of the asset, and thus make a decision about whether to move forward with the proposed transaction.
There are several key sections that are often included in the body of the Certificate of Title. One section will be devoted to the physical attributes of the property in question. This can include such details as the address assigned to the property, the dimensions of the land, and descriptions of any buildings that are currently established on the property. All the information that is included in this section help to ensure that there is no miscommunication about the general condition of the property, as well as the physical location of this tangible asset.
Along with adequate details about the nature of the property, the Certificate of Title will also provide essential information about the current owner of the property. This will include the name of the registered owner and some sort of identifying information that helps to establish the identity of the person named as the owner on the property title. Depending on the provisions required by local law, there may be other identifying information regarding the owner required as part of the body of the document.
The final key section of a Certificate of Title will detail any and all current claims that are in force against the property. These may include mortgages currently in force, loans that have been taken out by the owner and which utilize the property as collateral for the loan, and encumbrances such as a tax lien. Generally, the entity that is holding the encumbrances on the property will also be named in the Certificate of Title, making it relatively easy to verify the current status of the obligation.
Encumbrance and Mutation etc. Unless proper verification is made, purchase of the property may end up in litigation.
Property Verification from root, Collecting details from Government agencies by applications, Verifying notifications from authority, verifying Development Plan up to registration.
While purchasing any kind of property it is essential to collect all documents from the landlord. It is therefore necessary to go deep into the documentation. An application has to be made to collect the copies of documents from the government agencies from our end. It is also necessary to verify whether any notification is issued by the State Government or other Competent authority and whether there are any restriction on transfer of property.
Any property usage according to Development Play is very important. According to town Planning Authority if the land falls in Park/ semi Public / Public utilities, which cannot be utilized for Residential / Commercial / Industrial purpose.
If the land purchased is of Agriculture and cannot be made use for Residential / Commercial / Industrial purpose. Hence the use of land should be converted to Residential / Commercial / Industrial. The conversion process has to be taken up with the revenue authorities and obtain conversion after following the procedure and payment of conversion fee. When the above important portfolio is looked as highly efficiently work, this definitely calls for the expertise of an efficient and able professional who has real practical experiences in the field. It involves time and money and the whole exercise is lost if it is not handled properly.
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