This graphical demo will show you the simple steps to register for a PropertyWala.com account and verify your contact information. Please click the Play icon below to start the demo video.
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This graphical demo will show you the simple steps to register for a PropertyWala.com account and verify your contact information. Please click the Play icon below to start the demo video.
* The video may take time to load on slow connections.
For investment or end-use purposes, either ways real estate is an asset class that has rapidly captured the imagination of families in India. Buying property is an integral part of financial planning for any family. For instance, perplexing to the lay person. Here is a glossary of most frequently used terms in the industry so that you are not at all a handicap when buying property in India. in the medical or legal professions, real estate also has its own vocabulary, much of which can be perplexing to the lay person. Here is a glossary of most frequently used terms in the industry so that you are not at all a handicap when buying property in India.
Built-up area: Built-up area denotes to the entire area of the floor including carpet area, walls, lobbies and corridors, atrium areas and basement. Always, check with your builder/agent on what concept they are using. In Mumbai, the basement, staircase, lift, and utility rooms like generator and electricity rooms are also taken as built-up area. In Delhi, the lift areas and staircase areas are included in the built-up area. In Chennai, the basement and atrium areas are excluded whereas in Bangalore, only basement is not included in the built up area.
Carpet area: The actual usable area within the walls of the floor is Carpet area.
Super area: This is as a rule regards to the entire area of the building which includes carpet area, lobbies and corridors, walls, lifts, staircases basements, and other atrium and utility areas. In Mumbai, the area under water tanks and other utility rooms are included in the super areas. In Delhi, the basement is excluded in super area unless it is being used for commercial purposes. In Chennai, the basement and atrium areas are included in the super areas and in Bangalore, the basement is not included in the super area.
Efficiency ratio: Efficiency ratio is expressed as a share of carpet to super areas of the property.
Floor Space Index (FSI): Floor Space Index is the quotient of the ratio of the combined gross floor area of all floors excepting areas specifically exempted under these regulations to the total area of the plot.
Maintenance charges: These are charges taken by the maintenance society towards the maintenance of the property which includes costs of generator sets, security, landscaping, and common areas.
Market value: Valuation process evaluates the market value of the property. Demand and supply forces in the market and factors like type of property, quality and construction, its location, infrastructure and available maintenance are taken into consideration. Market value of the property is the price that the property commands in the open market.
Stamp duty: Real Estate Stamp duty is a type of tax accumulation by the Government of India. Stamp duty is established the agreement value or on the market value whichever is greater.
Sale deed: Sale deed provides the buyer the absolute and undisputed ownership of the property. With this law, the seller transfers his right of property to the buyer. Subsequently, it is executed to the execution of the sale agreement and after compliance of various terms and conditions detailed in the agreement.
Registration charges: The fees associated with getting the legal title registered in your name. This legal process takes place in the sub-registrar’s office in your local court.
In addition to the above, the following terms are normally used in the commercial real estate market and value getting familiar with, if you are consider to buy commercial place.
Common Area Maintenance (CAM): Common areas include hallways, pathways and utilities. CAM fees are accumulation by the landlords from the tenants to cover maintenance, property taxes and insurance in the case of Triple Net Lease.
Cap rate: Cap rate denotes to the capitalization rate. Capitalization rate is the restitution on investment on the property. The Capitalization rate is measured by the formula: Purchase Price / Net Operating Income from the Property.
Cash on cash: The yearly percentage return of your down payment not including appreciation. It is the first year’s cash flow divided by your initial down payment.
CPI: The Consumer Price Index is used to account the yearly rental increase so as to pay for inflation.
Full service lease: A Lease where the tenant pays rent to cover everything including utilities.
Gross lease: A Lease where the tenant only pays the rent and the landlord pays the taxes, insurance and maintenance.
Gross Leasable Area (GLA): The Gross Leasable Area or the total rentable area is the area which can be rented out for rental income. Itn’t include space for elevators, utilities room etc. does
Letter of Intent (LOI): The Letter Of Intent is a non-binding offer letter to buy a commercial place.
Mixed use: It is commercial properties with retail on the first floor and apartments on upper floors. Mixed use is the use of commercial and residential simultaneously.
Net Operating Income (NOI): Net Operating Income is the annual income after deduction of expenses like property tax, insurance, and maintenance but mortgage payments are exceptional.
Percentage lease: Percentage Lease is a lease where the tenant has to pay base rent plus a percentage of the tenant’s revenue.
If there is any real estate term that you are confuse of always check and verify. It is always better to ensure that you and the other party are working on the same understandings.
The users looking for buying or taking on Rent/Lease any Commercial or Residential properties from owners, Builders/Developers or Dealers can utilize the services of propertyWala for getting them their desired choice of property at a reasonable price/rent.
Your requirement of property can be searched by using this facility to see the results of properties already posted by them. You will be able to see the property details to include layout/sketches, photographs, maps and videos (if posted by the seller) of the properties.
If your desired property is not available the requirement can be posted for reference of the users who may post their properties in future. Whenever any property matching your requirement is posted here, the information will be sent to you instantly through Email & SMS alert.
Please follow these simple and easy steps to search for property for buying/taking on rent through propertyWala.com :-
After you have decided on your requirement you can perform search activity by using Buy/Rent tabs in the Buyers section on the Left half of the home page.
You need to select:
The purpose Buy/Rent the property.
The Property Type you are looking for eg: Apartment, Hostel, Showroom and Shop etc.
The Location.
The Price Range to suit your budget.
The person Broker, Builders Owner or Any (This covers all choices) whose property you would like to purchase.
click on “search” and you will get the results posted as per your choice.
Analyse and Contact the seller/dealer of the Properties Matching Your Requirement
Search results will provide you all relevant information regarding the property. You can go through the details and contact the seller of the property of your choice.
Details of the Property
By clicking on the Title of the Property you can get all the details regarding the property like picture of the property, internal and external details of the properties etc. You can also get the contact details of the owner who posted the property.
Contacting the Owner of the Property
When you get the property of your choice, you can contact the owner of the property directly through the details provided on this site. If you wish to know more about the property you are interested in, you can send a message to the owner by typing your message in the message text box provided under Contact Owner on the Top Right corner of all the search result pages.
ADDITIONAL SEARCH OPTIONS
Advance SearchPropertywala.com facilitates to search property by providing more details (additional parameters for exact search) of the property you are looking for. If you want to make your search more specific then you need to perform search activity through Advance Search provided on the Top of the Buy/Rent section of the home page. The following parameters are available in advance search. All of these are not available in normal search. So click on Advance Search and a new page will open where you can mention: –
The Area (in sq meters only) for the property.
The City and Locality of your choice.
Your own Keywords to search the property.
The Listing time of the property i.e. the duration for which you want to advertise the property.
Your choice to find the only properties listed with photographs. Once you have filled your requirements just go ahead with search.
Browsing Directly without performing Search
Apart from searching your property through search on Buyers section you can also browse your properties directly through the tabs provided just below the buyers and sellers section(somewhere in the middle of the home page) for Residential and Commercial properties.
Residential Properties Search
If you are interested in buying residential properties, please click on Residential tab available on the middle of home page.
Browse Residential Properties through cities
If you need a property in a particular city, you can directly find your property from this section. Click on the city where you require the property. The properties available in that city will be shown in the search results. You can select properties matching your requirements and contact the owner of the property directly through Email & Telephone.
Browse Residential Projects
If you need to buy properties available in projects, you can browse through residential projects. You need to mention the city and property type. Respective properties will be displayed in the searched results.
Browse residential Properties through property type
You can also search properties through property type e.g.: Flat, Farmhouse, Service Apt.etc.You can search directly by clicking the property type.
Commercial Properties Search
If you are looking for commercial properties, please click on the Commercial tab.
Browse commercial Properties through cities
If you need a commercial property in a particular city, you can directly find your property from this section. You just need to click on the city of your choice and the properties available in that city will be shown in search results. You can further contact owner by Email or Telephone.
Browse commercial Properties through property type
You can also search properties through property type e.g.: Showroom, Cold Storage, Hotel, Office Space etc. Click on your choice and the search results will show the details of the available properties of the type in the State/Region. Browse commercial Projects
If you want to buy commercial property as a part of commercial projects, you can browse through commercial projects. You need to select the State/Region and property type, available searched results will be displayed.
Posting your Requirement
If your matching requirement is not found, you can post your requirement by entering the same in the Buy & Rent section. A click on the post your requirement tab in the section will save it as alert in your account. This feature will keep your requirement publicly alive and in future, whenever any matching property is posted buy a seller; you will instantly get an appropriate Email & SMS alert.
Rent Out Your Property
The feature/Facilities available to the buyers/sellers are also available to the users interested in renting out/Taking on rent any commercial or residential property to the same extent and proportion .
INTRODUCTION
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The process of posting/advertising properties on PropertyWala is so much simple that anyone with just basic knowledge of networking can himself post the properties of his own. Tips and help are provided at every stage during the process of listing. Users are advised to move mouse over to take help for knowing about the usage of each function.
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The Owners, Builders and Dealers etc who want to sell or rent out their properties can post/list them on PropertyWala to search buyers/tenants and get them a reasonable price/Rent. The detailed description in text, videos, layout/sketches and photographs can be posted on the site. A satellite map of general area of your property will be generated and displayed by the site. You can easily identify and mark the exact location by dragging the marker to it or by double click on the exact location.
After you have posted your property, an alert will be sent to you by through Email & SMS instantly whenever any user searches for a property matching the details of your property.
The “SEARCH” option in this section can be used to find buyers who have posted their property requirements matching your property.
Click on “Post Property” option and you will find a new page with five tabs on the top of the page (Basic Information-Additional Information-Attachments-Map-Preview).