Frequently Asked Questions
Questions About Buying & Selling
Generally, real estate appreciates over time, but a home’s value can temporarily dip due to poor maintenance, neighborhood decline, high local crime, or overall economic downturns. Regular upkeep and choosing the right location help preserve and grow its market value.
Yes, older homes often offer larger plot sizes, prime established locations, and lower purchase prices per square foot. However, they may require higher maintenance or repair costs compared to brand-new developments that come with modern amenities and lower initial maintenance.
A real estate broker is a licensed professional who acts as an intermediary between property buyers and sellers. They assist with price negotiation, market analysis, property tours, and managing complex legal and financial paperwork for a smooth transaction.
Yes, as a property owner, you can manage and pay your property taxes directly to the municipal authority and choose your own home insurance provider. If you take a home loan, some lenders may manage these through an escrow account along with your monthly EMI.
On average, a home loan approval takes 7 to 15 working days once all required documents (income proofs, identity, and property legal papers) are submitted. Detailed property verification or legal checks can sometimes extend the timeline slightly.
Question about renting
Generally, tenants need to provide a government-issued ID (Aadhaar Card/PAN Card/Passport), proof of income or employment letter, passport-size photos, and police verification documents as per local guidelines.
A security deposit is a one-time refundable payment made to the landlord before moving in. It protects the owner against potential property damages or unpaid bills. It is fully refunded at the end of the lease term, minus any legitimate deductions.
Major structural repairs and pre-existing issues are usually handled by the landlord. Minor day-to-day upkeep, utility bills, and routine internal maintenance are typically the responsibility of the tenant unless stated otherwise in the agreement.
Yes, a legally binding rent agreement (usually for 11 months or registered lease) protects both tenant and landlord rights. It clearly outlines the monthly rent, security deposit terms, notice period, and house rules to avoid future disputes.
Standard rent agreements usually require a 1-month notice period from either party before terminating the contract. Always check the specific termination clause mentioned in your signed rental agreement.