Best Flats In Trivandrum - Preview Of Asset Homes

Asset Homes is one of the best builders of flats in Trivandrum has many successful projects like Asset Palace Winds,Asset Signature Phase 1 and
Asset Signature Phase 2 to its credit. Asset make sure that the customers get enough discounts on the available projects in Trivandrum.
The ongoing projects from Asset Homes include:

Asset Hillcrest at Vattiyoorkavu, Trivandrum

Asset Hillcrest Volga draws up a magnificent elevationof 14 floor rises with 60 apartments in them.
The luxurious apartments are offered in 2, 3 and 4 BHK sizes.
Get delighted by the elegant life of upper crest luxury.
The Asset Hillcrest at Vattiyoorkavu opens up a seamless view of the future of residential life in the capital city.
Located just about 7 kms from the city's centre, the place offers the right platform for living a peaceful life, in its locality.
The growing city has already left its foot prints at this town too.
For selective investors here is the opportunity to grab a right location to live and invest in.
Be led by the vision of a impressive future.

Asset Orchestra at Kazhakuttam, Trivandrum

Asset Orchestra has 206 units spread across two towers with 2, 3, 4 & Twin apartment options.
The contemporaneous elevation, the kid-friendly design and its profusion of amenities make life most enjoyable here.
Come, own the most perfect piece of life from the most preferred craftsman!
Asset Orchestra is situated right on the NH 47 in close proximity to the Technopark and other convenient points of Trivandrum.
Access anything and everything staying that the hub of convenience.
Supermarkets, hospitals, schools, places of worship are all within your reach now.
Leverage perfect access to anywhere and everywhere, staying right here at Asset Orchestra., the perfect place to live!

Asset Lineage at Sasthamangalam, Trivandrum

Asset Lineage is magnificently spread over B+G+14 floors with 51 units of finest living spaces that are fully equipped to give you a class-apart identity.
Thoughtfully planned and aesthetically designed, every home has been developed to suit individual requirements and to relive the verve and noble tradition of this vertical-community rooted in Trivandrum's royal lineage.
All roads lead to Asset Lineage, Sasthamangalam, the royal hub of Trivandrum, from where you can work, relax and socialize with utmost ease and security.
Conveniently located at Sasthamangalam, the elite residential area of lingering serenity and refreshing greenery, Asset Lineage is splendidly close to all the action of the city.
Easy connection to all major arterial roads brings the city, IT hubs and Beaches within comfortable reach.

5 Steps To Follow Before Renting Out Flats and Apartments In Kerala.

Renting your flat or apartment in Kerala is a difficult task after considering the burden it can cause if the agreement ends up in wrong hands. It can became a big migraine to the flat or apartment owner. Due to the real estate boom in Kerala people with more than one flat or apartment is rent out their
additional properties. But before renting out properties to the customers one should give importance to the following steps in order to avoid fraud in this field.

1 Setting amount of the rent.

Fixing the rent amount is a very hard task. Before fixing the amount one had to look the rent amount of other flats and apartments in the locality with almost same facilities. The basic things that decide the rent are the capital value,luxuries offered,locality and demand.

2 Advertisement and promotions.

E publicity like posting about the vacancy in online portals can make a huge difference than the oral promotion and putting the to let board on the property. Online advertisements and promotions can reach up to thousands of customers which will ultimately lead to a positive result.

3 Cross checking the background details of the tenant.

Police verification is done in some parts of Kerala before entering into an agreement with the tenant.The tenants also have to submit identification card along with the recent photograph before the agreement.

4 Making a rent/lease agreement.

The lease/rent agreement is an authorized document that attach the tenants and the property owner to come into common conclusions.This is the most significant during the process of the discussion between the two.The document explains about the measurements and precise details of the property including installations,fittings, furniture and the rent amount.Extra terms and conditions can also be included in the agreement regarding rent installment details and penalty statements for delaying the installment and misuse to the property.

5 Agreement registration.

During the process of making up the rent agreement ,the most difficult task is getting the agreement registered.The agreement duration will be over 11 months.By following the above procedures you can make sure that you have faithful tenants who will not delay the rent and look after your home well.

13 Salient Steps To Register Your Land In Kerala.

The real estate business in Kerala is booming and so is many frauds and people are finding it hard to understand how the whole process of registering or owning a property is. Studies have shown that there are many flats & apartments projects launched in the capital city, Trivandrum, but the sale had effected by a small margin due to the increase of frauds, or rather less clarity on the whole process.

1 Property identification.

The main step before purchasing a property is the identifying the correct property on the basis of
location and range of the budget. After that negotiate the cost of the property, payment mode and terms with the seller of
the property.

2 Legal  perspective.

After finalizing terms with seller it is very important to meet a lawyer. This will the buyer to obtain a legal title report for the property.
The buyer can conduct research on property documents with the help of a lawyer in order to check everything is in proper
order.It takes about 3 to 5 days to prepare and submit title report.

3 Getting encumbrance certificate.

The encumbrance certificate is a very important as it proves that the property is free from loans,  leases, unpaid debts, etc.
The encumbrance certificate is issued by the Sub-Registrar’s office after verification of the relevant property documents.
 The buyer has to get the encumbrance certificate (for a period of at least 30 years) before getting into an agreement for the sale with the seller.

4 Verification of the revenue records.

The changed title of the property is recorded in the revenue records as mutation of property.The mutation is recorded in the Municipal records for property tax payment purposes,
and it does not refer to the legal title of the person to whom the property has been mutated.
The buyer have to submit an application containing the relevant information on plain paper, along with a non-judicial stamp of relevant value to the Tahasildar of the area.

5 Agreement signing.

The agreement is a written document between seller and buyer in the presence of a witness.The seller sells and buyer buys
it under the recorded terms and conditions.The conditions include value of property, property extension, documentation period,amount paid as advance, possession certificate etc.

6 Registering the agreement

The agreement is registered at Sub-Registrar’s office which in turn reflects in the Sub-Registrar’s records,and thus
the future buyer can easily find the valid agreement.

7 Take Stamp Paper in Buyer's name and pay the stamp duty.

The stamp paper can be purchased from state treasury or stamp paper vendor depending upon the value of the stamp.The value of the stamp
varies based on the purchase price.

8 Deciding fair value of land.

The actual sale value of the property determines the stamp duty of the property.The sale value cannot be lower than the
fair value of land which is determined by the government.

9 Getting sale deed.

The sale deed has to be issued by a recommended professional to make it defect free and does not make any future
complications.

10 Registering the land in Registrar's Office.

The land has to be registered in the concerned Sub Registrar's office concerned.The registration must be done within the time frame as in the sales agreement.
2% of the cost of the land will be charged as registration fees, irrespective of the property’s location.

11 Receiving documents after registration.

After the completion of the registration the office will provide a receipt.The buyer can collect the document from the registration office after a few weeks.

12 Changing title of the property.

The title of the property can be changed after submitting an application form in the village office.This process is done
to change the revenue record of the property from seller's name to buyer's name.This process is known as 'Pokkuvaravu'
in Malayalam.

13 Paying property tax and getting tax receipts.

Pay the desired tax in buyer's name in corresponding village office after the mutation of the property.

Advantages and Disadvantages of Buying Pre-Owned Flats and Apartments in Kerala.

Buying an apartment or flat in Kerala is a very tough decision to make. The choices is humongous and to pick one out seems to be very difficult as this a big investment from the buyer's part.

Advantages.

Economical price of the property.

The main point of interest for the customers is the cheap price of these properties compared to the developer's price, being a second hand property.In some cases the seller is forced to sell the properties at low prices due to the need of quick money even though some loss is occurred on the side of seller.

Waiting period.

 One can buy a second hand property in matter of months when compared to flats and apartments that is under construction.One will have not wait for a long time to move to newly owned property and one will not have to pay the rent and EMI simultaneously.

Minimal risk

The risk of a second  hand flats or apartments is very less compared to the properties that is under construction since there is no risk of project being delayed or nor getting completed at all.A second hand property does not have these type of risks as the property is already completed,or it is almost nearer to the completion.

Amenities

The amenities in these pre-owned flats or apartments will be up to the market standard as the seller have already constructed the project.The interiors, wood furnishings, cupboards and some appliances are already in place for the new owner.

Disadvantages

Payment of the cash

The sellers of the properties demand solid cash in most cases in order to avoid the capital gains tax.This is actually an illegal way of doing as it is hidden from the books and the amount cannot be accounted for through a home loan.

Time period of the payment.

In the case of second hand property be it flat or apartment one has to pay the entire cost within a short period.
But in the case of a new project one does not need to pay the entire money within a short period.

Uncertainty of the project.

If the residential property is fairly new, there is a high risk attached to it. There is no guarantee that the developer will deliver all the amenities that were promised to the first buyer. There is also a big chance that the project may get stuck in the final stages.

Huge maintenance cost.

The maintenance cost for an older building will be very high compared to a newly constructed one.In the case of a second hand property there may be chance for repairs and many hidden facts that may come into existence only after the purchase of the property.

Real Estate Market In Cochin - Trends and Observations.

The real estate trend in Cochin is moving at a fast rate since the government is introducing several new schemes that helps the real estate market in Kerala,especially Cochin.
Despite people choosing Cochin for real estate investment due to the fast urbanization and future prospects like Kochi metro and so many other facilities the people think that Kochi is the best place to settle down.

The real estate boom had first occurred in Cochin since then the phenomenon is moving to other parts of Kerala also. Kochi also known as Cochin being a real estate hub spot is attracting people all over India to make real estate investment.The flats and apartments constructed at important locations like Vyttila, Edapally and Kakkanad have changed the total look of the Cochin city.

The prices of the properties that costs couple of lakhs ten or fifteen years back is now changed to crores. Even though there is massive increase in price ,there are many buyers who are ready to invest. 

Reputed builders like Asset Homes are constructing number of residential and commercial projects in order to meet the needs of the potential buyers.The potential buyers are ready to spend huge amount on properties expecting the higher demand of investments in return.

NRI's can easily afford flats in Cochin.The potential buyers are being attracted due to the new designs and facilities provided by the builders.

Buying and selling of properties have become easier than ever with the increased financial support offered by the government and other financial institutions and services from real estate brokers.The boom in Cochin real estate market will continue in the coming years with upcoming investments in Kochi Metro Rail Project and Mono Rail Project and better Government policies and schemes.

5 key steps to acquire encumbrance certificate in Kerala.

The capital city, Trivandrum, is reported to be one of the highest property, say flats/apartments, residential space or land, dealing city in Kerala. Followed by Kochi, Calicut, Thrissur and goes on. Dealing a property is a process which needs keen eye and well researched knowledge. A beginner or someone who is doing for the first time will find it very difficult to understand the whole process, can might get into troubles.
Today let's look into the process of acquiring encumbrance certificate. Basically this is a certificate that shows that the property dealt is free of any monetary & legal liabilities. So, let's look into to ways to acquire the certificate.

Step 1: Obtain details of the corresponding property.

In order to apply for encumbrance certificate one need to know the survey number and name of the owner.So find out these details first.

Step 2: Request for encumbrance certificate.

The form for encumbrance certificate needs to be filled out with the following mandatory fields.
a, name of the property owner.
b,
 survey number.
c, description of the property.
d, duration for which encumbrance certificate is requested.
The request is done through Form 22 to the Tehsildar with a Rs. 2/- non -judicial stamp.The applicant also have to give additional details such as complete residential address with address proof and also have to mention the reason for which encumbrance certificate is required.
The request is needed to be submitted at the sub-registrar's office.


Step 3: Fees for the request.

The applicant has to remit the fees in the office of the sub registrar to get the request processed.The fees is collected yearly  with even a fraction of the year being considered as a full year. For the purpose of encumbrance certificate, the year starts on April 1st and ends on March 31st .

Step 4: Issuance of the encumbrance certificate.

The reports from the the taluk is checked by the tehsildar and he checks whether there is any entry rekated with property/owner that is under question. The encumbrance certificate is issued within 15 to 30 days if there is no entry which is under question.

The EC is issued on Form No. 15 or Form No. 16 based on whether any encumbrance is produced on property or not. If there is no encumbrance on the property during the specified time period, then Form No. 16 will be issued with nil encumbrances.

On the other hand, if there is any charge against the property for the specified time period, then Form No. 15 will be issued. Form No. 15 will also include relevant details such as, the nature of the charges produced, documents of the property registered, amount secured, registration details, references, etc. that have been registered and recorded in Book-I by the registration authorities for the time period for which the EC was requested.
The officer completes the verification of the EC and generates a print out which specifies all the transactions made during the specified period.

Step 5: Validate the encumbrance certificate.

Verify that the encumbrance certificate has been signed and stamped with official seal.Also cross-check the survey number and other details related to the property with details mentioned in the request.

Step 6: Restrictions of encumbrance certificate.

The encumbrance certificate have some restrictions.This certificate cannot be considered as the only evidence to check encumbrance of the property.
Some transactions related to immovable properties and other small transactions are not included in the encumbrance certificate since these details are not not needed to get registered under the Registration Act,1908.

Information of equitable mortgage, where a mortgage is taken by depositing the original title deeds of the property with a bank, are not registered at the registrar’s office, and will therefore not reflect in the encumbrance certificate. The same is the case for testamentary documents or leases for a period lesser than a year.

Other transactions like family arrangements, prior unregistered agreements, tax liabilities,  oral tenancy, unregistered wills, and other miscellaneous agreements do not need to be registered, and will not be present in the encumbrance certificate.

The encumbrance certificate certainly cannot be discarded during a real estate deal, but it’s best to not rely on that alone. We hope this article has clearly outlined the steps you need to follow to acquire an encumbrance certificate in Kerala.