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Maintenance & Upkeep
of Individual Bungalows Is A Cumbersome Process |
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With
the passage of time maintenance and upkeep of
individual bungalows is becoming a cumbersome and
also an expensive process. Repairs, leakages,
electricity failures, generator maintenance,
security, etc. are not easy tasks to handle as an
individual but become much more manageable when
there is a society to handle the same. |
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Security in Numbers |
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An
apartment complex gives you the security of numbers.
A thief would think twice before trying to break
into an apartment when compared to an individual
house. An apartment complex also facilitates the
appointment of security guards as costs are shared
by all the owners. You can enjoy your vacations
peacefully knowing that there is someone taking care
of your house. |
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Safety of your Property |
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In
case your property is in a vacant position, it is
very difficult to safeguard your property from
miscreants. By developing the property the problem
of safety is ruled out. |
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An
Answer to your Expanding Family |
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Developing your property is the best answer for your
expanding family and the need for independence of
the various family members. By allotting different
apartments in the same complex to different family
members you fulfill the twin objectives of keeping
the family together and giving the family members
their independence. Further each one is free to deal
with his share, the way he pleases. |
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Experience the joys of Community Living |
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In
an independent house you and your family members
tend to get lonely and isolated but this is not the
case in an apartment complex. Every member of the
family has the opportunity of interacting with the
people of their age. Your elderly parents, your
children and your spouse, all of them have company.
You get to interact with people of different
communities, backgrounds and experience. It is more
fun to live in an apartment complex. |
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Maintain a link to your Past |
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Joint development enables you to fully exploit the
potential of your property and at the same time
retain an interest in it. This ensures that you do
not fully cut off the memories of your past. |
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Your Home, The Way You Want It |
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Joint development gives you the flexibility of
designing your house the way you want it. The
apartments that come to your share can be planned as
per your specifications and in a way that the needs
of the various family members are fulfilled |
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Maximum value for your Property |
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Joint Development gives you better and safer returns
than outright sale. While in an outright sale you
sell at today's prices, joint development gives you
an option to encash your apartments at any time
taking advantage of the then prevailing market
prices, hence you can sell your share when the
markets are at their peak. |
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The
Drawbacks Of Outright Sale |
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There are very few buyers with the resources to buy
large properties for cash. Normally an advance is
paid, agreement entered into and balance is paid
over a period of time. Most of the times the balance
amount gets inordinately delayed thus affecting your
realization. |
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Faster Transaction Time |
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We
have come across people who have taken 12-18 months
to find a person who is capable of buying their
property outright and then waiting for a further
10-12 months for him to complete his payments. As
against this they would have realized their money
much faster had they gone in for joint development
from day one. |
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Tax
Benefits |
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Any
investment of the land consideration in retained
built space is exempted from Capital Gains Tax. As
against this, with outright sale, this tax becomes
payable. |
