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Unveil the dynamic world of real estate with bhuminivesh.com, your trusted authority for the latest real estate news, trends, and insights. We empower informed decision-making by delivering current market updates, insightful analyses, and expert-driven perspectives – all designed to transform you into a real estate savvy investor. Our comprehensive platform keeps you ahead of the curve. Explore our news area in-depth to learn about recent events in the industry, alterations in policy, and shifts in the market that may affect your investments. We provide in-depth trend assessments to interpret market movements, spot profitable possibilities, and project future trajectories. We go beyond the headlines.

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Frequently Asked Questions

A real estate agent is licensed to assist with property transactions, while a Realtor is a licensed agent who is also a member of the National Association of Realtors (NAR), adhering to a strict Code of Ethics and additional professional standards.

To determine the value of a property:

  • Compare Similar Properties: Look at recent sales of similar properties in the area.
  • Consider Location: Location greatly influences value.
  • Assess Property Condition: Evaluate the age, maintenance, and upgrades.
  • Review Market Trends: Understand current market conditions and trends.
  • Get a Professional Appraisal: Hire a licensed appraiser for an expert valuation.
  • Consult Real Estate Agents: Agents can provide comparative market analyses based on their local knowledge.

Property taxes are levied by local governments on real estate properties and are a major source of revenue. They are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by a tax assessor, taking into account factors like property size, location, and improvements. The tax rate, expressed as a percentage, is applied to the assessed value to determine the annual property tax amount.

Example: If your property is assessed at $300,000 and the local tax rate is 1.5%, the annual property tax would be $4,500.

Some common pitfalls to avoid when buying a property include:

  1. Not getting pre-approved for a mortgage: Knowing your budget upfront helps in focusing your search and making competitive offers.
  2. Skipping property inspections: Inspections uncover hidden issues that could lead to costly repairs later.
  3. Neglecting to research the neighborhood: Understanding local amenities, schools, and crime rates ensures the property meets your lifestyle and investment goals.
  4. Ignoring hidden costs: Beyond the purchase price, consider closing costs, property taxes, and ongoing maintenance expenses.
  5. Failing to review the contract thoroughly: Ensure you understand all terms and conditions, including contingencies and timelines.
  6. Not considering resale value: Evaluate the property’s potential for appreciation and marketability in the future.

Avoiding these pitfalls can lead to a more informed and successful property purchase.

Financing options for international buyers or non-residents purchasing property in a foreign country typically include:

  1. Cash Payment: Many international buyers choose to purchase property outright with cash.
  2. Local Mortgages: Some countries offer mortgage loans to non-residents, although terms and requirements may vary and can include higher interest rates and larger down payments.
  3. Developer Financing: In some cases, developers offer financing directly to buyers for new construction properties.
  4. Private Financing: Non-traditional lenders or private investors may offer financing options, though terms can be less favorable than traditional mortgages.

Each option has its considerations regarding eligibility, currency exchange risks, and legal implications. Buyers should research thoroughly and consult with local financial advisors and real estate professionals for guidance.

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Latest Realty!!

India is anticipated to become into the biggest Trump Towers real estate center outside of the US following Donald Trump's historic victory in the 2024 US elections. Tribeca Developers, the Trump Organization's approved partner in India, has finalised  six new real estate deals with the US brand in Pune, Gurugram, Noida, Mumbai, Hyderabad, and Bengaluru, totaling 8 million square feet. It is anticipated that they might fetch over ₹15000 crore in sales.

With four Trump-branded properties totaling 3 million square feet, India has the highest number of Trump-branded projects worldwide, after the US.

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Latest Realty!!

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A number of Bollywood celebrities have made headlines for purchasing homes in upscale Mumbai developments. In fact, it is well known that a number of buildings in neighborhoods like Bandra, Khar, and Lokhandwala in Andheri and Worli are the preferred hunting grounds for movie stars. Investment, rental return, end-use, and even emotional purchases—where a property may be valued solely on the basis of the actor's nostalgia—are some of the reasons they invest in real estate.

According to real estate specialists, the majority of Bollywood celebrities make real estate investments either at the project launch phase or when the property is nearly ready for occupancy. The primary motivations for investing in real estate may be tax savings, portfolio diversification, or end-use.

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Property taxes in real estate refer to taxes levied by local governments (such as counties, cities, or municipalities) on real property, like land and buildings. These taxes are typically used to fund local services, such as schools, roads, and emergency services. The amount you pay is generally based on the assessed value of your property and the local tax rate.

Key Points:

✅Assessment Value: The value of your property is assessed by a local government official, often an assessor 🏡.

✅Tax Rate: Each area has its own property tax rate, often expressed as a percentage or mill rate 📊.

✅Payment Frequency: Property taxes can be paid annually, semi-annually, or quarterly 📅.

✅Use of Funds: The revenue from property taxes is typically used for community services, such as schools 📚, police 🚓, and fire departments 🚒.

Property tax rates can vary widely depending on where you live, and they are often a significant ongoing expense for homeowners 💰.

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Big Breaking News!!

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The launch of TARC Ltd.'s new luxury residential project in Gurugram drove a 900% increase in presales and achieved Rs 1,012 crore in Q2 FY25. With plans to showcase more luxury projects in Delhi and Gurugram, the company also refinanced debt at a reduced rate and is still on schedule to accomplish its financial goals.

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Weekly News Update!!

✅ Macrotech Developers Ltd enters into agreements for acquisition of Bain Capital’s stake in 3 joint entities under digital infrastructure platform for ₹307 crore.

✅ Kalpesh Mehta of Tribeca Developers, licensed partner of the Trump Organization in India, says will announce six new Trump Tower projects soon.

✅ CRC Group to invest ₹525 cr to develop luxury housing project in Greater Noida.

✅ Daibiru’s investment will fetch the real estate company a 25% effective stake in CapitaLand Investment Limited’s second business park development fund in India.

✅ CIDCO's 'My Preferred CIDCO Home' scheme has received 70,000 applications for 26,000 homes, open until Nov 11, offering subsidies for EWS and LIG

Source: Hindustan Times
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SUSHMA Buildtech Limited is a dynamic and rapidly growing Real Estate development company. Established to offer credibility, transparency and quality to discerning customers, the company has grown to become one of the leading developers in Punjab. SUSHMA has deliberately focused on delivering the highest standards of quality and transparency in all its activities. Following a meticulously planned approach supported by stringent quality practices benchmarked to International standards, SUSHMA has earned the respect of its customers by delivering on time with innovative offerings. SUSHMA is synonymous with value, assurance, reliability, brilliance in architecture & ethics that keep the worth of your investment high by building tomorrow, today .
A business space should be more than just a place of work. It should be a place of pride. A place of excellence. A place that inspires. All this can be achieved when the business’ infrastructure enables better flexibility and connectivity. And more importantly, when it is designed to be modern and environment friendly. A structure’s IGBC/LEED is a reflection of its commitment to the environment and is most preferred by global businesses.
Sushma Grande Nxt project was built by the well-known developer Sushma Buildtech Ltd. on Chandigarh-Delhi Highway Zirakpur. The project comprises of 218 units which are enclosed within a peaceful environment. Sushma Grande Nxt brings you to the best of modern living with amenities like Power Back Up, Kids Play Area, Kids Club, Flower Gardens etc. Enjoy the comforts of living in Sushma Grande Nxt with all modern conveniences at your disposal.

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