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Real Estate Forum on Higher Property Value

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Q: It seems that rentals values in Andheri west and Mira road are experiencing a high rentals in recent times.
Latest Answer: Hello Shantanu, Andheri west is about 6 kms from the Western Express Highway and about 4 kms from Andheri railway station. Mumbai airport, situated in Andheri east is about 7 kms from the locality. The soon to be functional, Metro line will pass through this area. Both these areas offer a well-fabricated social infrastructure. From schools to hospitals to banks, all kind of facilities are available in Andheri west and Mira Road. With increasing connectivity and fast developing infrastructure, the rental market in the area looks promising.
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Q: Higher property value
Latest Answer: Land or Property Registration refers to the registration to document changes in ownership and transactions involving immovable property. Whenever you buy a piece of land/immovable property, you need to register the same with the authority concerned, so that a legal ownership title is guaranteed to you. Registration charges will correspondingly move up if property value increases. Under the computerized Land and Property Registration system, registration is easy. It facilitates transparency in valuation and eliminates middlemen. Some states require an application to be submitted to the concerned authority, which may be the Sub-Registrar or the SDM of your area.
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