S Subramanium, Chennai

@ Subramanium the public transportation problem still exists. The residents of Mambalam in Chennai are facing everyday improper transportation problem. Moreover there is no proper planning among the transportation, the workers and the over night change of bus routes without any hint.

Buying unapproved land in chennai is common but if you are buying for consrtucting home, it is not recommended. In such plot one may not get the house plan approval from the authorities.

Unapproved land you can get in cheaper rate and by paying a nominal fee, you can convert them to approved land. But you need patience because you need to know when govt announce the scheme of it getting approved.

According to RBI neither nationalised nor private banks are allowed to sanction any home loan against the law of B khata. I do not think B khata properties get home loans from any bank, but I have heard that some of the co-operative banks are doing so through some agents with high rate of interest.

The bank of India tried to help the customers financially but none of them was given the fruit neither the bank nor the loan takers. RBI does not want to face any lose in future for that they have set up a committee to look into the principles of governing proper, non discriminatory, transparent pricing for credit. RBI has also appointed a pricing committee to strengthen the corporate governance.

The reason for not using plastic bags is that the bags does not get decomposes so fast and easily and it creates problem as it jam the drains. So to get rid of the trouble the Supreme Court has banned the plastic bags. There is an alternative of using biodegradable and compostable bag which quickly gets decomposed; the rates of the bags are little high than the normal plastic bags. The demand for these bags is not so high but gradually the demand is increasing.

I have recently shifted to Chennai, I have seen people suffering from huge problems like improper drainage, garbage overflowing, powercut and more over the conditions of the roads are in horrible conditions. During heavy rainfall the condition of the road of Chennai detariorate to the extreme.

The residents of Chennai are suffering a lot and at last they could not bare the pain and finaly the RWA wrote a letter to the Mayor describing all the problems but still they are in vain and excepting that the Mayor will soon take some steps.

The people in Chennai are paying less heed in buying the properties and as a result the prices of the property are going very low. CRISIL is a global analytical company providing ratings, research, risk and policy advisor services and it is the largest credit agencies, and moreover the developers have to claim for the CRISIL because some of the developers will be putting big hoardings for the advertisement of their project to attract the buyers and people seeing that will invest large amount of money in such project but they may not be happy when it gets completed, so it was made compulsory to claim for the certificate of CRISIL.

You should know what your ultimate aim of buying properties is. You should do market research on properties before taking any decision, so that you do not regret later or do not feel the worth of the property. You should ask yourself what is the property for. Is it for investment purpose or for own use. Then after making up the mind go ahead and invest in the property, considering the fact that interest rates are generally going to be high as India’s economy is growing.

Property management include registration, mutation, coordinating with the builders and owners till possession and later on maintenance of the property. The services offered lighten the work of the owner who is not in the country. If the property is out for rent, then the property is refurbished before lease. The trend of providing complete property management solutions is fast catching up in the India as builders are providing this service along with their real estate projects, for both housing and commercial ventures.

A co-borrower is one who is liable to pay the loan amount.Joint home loans can be obtained by an applicant along with his/her spouse, parents or own siblings. He is not permitted to take the loan with any person. It is given to married couples or blood relatives such as parents and children.

Confederation of Real Estate Developers’ Association of India will provide training to construction and real estate workers. The academy will come up in Kerala and to be named as “Kerala Construction Academy”.The construction workers will be given a thorough training over all the different wings in the real estate construction industry.

Adi dravidar (AD) is used in the state of Tamil Nadu to denote Dalits or backward class of people. Adi Dravidar Welfare Department allotts these type of lands to Scheduled Caste (SC) people. It is a punishable crime to hold, rent or sell AD land.

The documents needed in buying a residential property are Title Insurance, Homeowner’s Insurance Policy, Allotment Letter, Lender’s coverage, approved layout plan, approved building plan, original sale deed, Completion Certificate, etc. As per my knowledge it is same, but confirm once with concerned authorities. Get all these verified by a lawyer first and then proceed with your deal. If you are interested you can post your requirement at http://www.commonfloor.com/post-public-property-requirement to get matching properties details on your Email and Mobile.