Making Aadhar Mandatory

Using Aadhar card for property registration is a strategic move to curb the problem of black money in property deals. Aadhar is an essential proof of identity from opening a bank account, getting a PAN Card to getting an LPG connection. The current government has massive plans to make Unique Identification Authority of India-based transactions mandatory in real estate dealings. All buyers and sellers must have a valid Aadhar number for registration of property. The government is also planning to make amendments to Section 32 and 32A of the Registration Act.

This would mean that any person who presents registration documents to sub-registrar of the state must undergo Aadhar registration. The registration process involves a bio-metric technique where the property is transferred to the buyer after the provision of the Unique ID and other bio-metric details. In the second half of 2017, it was reported that the Aadhar linked registration system was already in action on a pilot basis across many states of India. Local authorities were cross-verifying all proprietorship documents provided through online systems and they were also linking the documents with the unique Aadhar number.

Aadhar To Bring Ease Of Transactions
All sub-registrar services have been linked to Aadhar servers so that it is easy to extract information during property registration. Moreover, as Aadhar is already linked to bank accounts of individuals, it will significantly ease-out the process of purchase or sale of property, real estate transactions and securing home loans. However, what does a person do when s/he has lost the Aadhar card or does not have one yet?

Misplaced / Stolen / Not Possessing Aadhar
If you have lost or misplaced your Aadhar card or number, there is no need to get a new one. All you have to do is visit your nearest Aadhar center in your city and provide bio-metric details, identity proofs etc. You will be provided with the card with the same Aadhar unique number. If you do not yet possess an Aadhar card, you should apply immediately. However, it is also possible to go ahead with property registration without a permanent Aadhar number through your temporary Aadhar, which is basically the Aadhar Enrollment ID, and register the property sale deed.

Getting Aadhar – Why It Is Important
In case you don’t even have the temporary number, you have to apply for the card online and produce the acknowledgement receipt to the sub-registrar. Once you receive your Aadhar card, you need to visit the office once again to get eKYC-verified. Very soon the government could make linking of all properties mandatory. It would be the “next big move” after demonetization and GST. Hence, it is advisable to have your Aadhar card in place.

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Sale Deed

The sale deed is the most important document that is to be checked while purchasing a property in any of the Indian cities. It is the legal document that states the transfer of the ownership, title, and all other rights of the property from the seller’s name to your name. One should always check each and every term listed on the deed, cross-check the property title, and read every other condition before signing the papers.

Approval Plan
An approval plan is issued by the jurisdictional commissioner or any other officer appointed by him/her. This plan is approved when the builder or developer submits the following documents to the officer:

• Title deed
• City/panchayat survey sketch
• Latest tax receipts
• Foundation certificate
• Land-use certificate
• Property assessment extract
• Property PID number
• Earlier sanctioned plans
• Drawings of the property

Mother Deed
The mother deed is another important legal document that will help you in case you want to sell your property further. Having this document would help you in tracing the previous owners of the property and establish a stronger proof of your current ownership. It can be greatly helpful in knowing who all have owned the property in chronological order.

Power Of Attorney
The power of attorney of any property is the legal deed that gives a person the right to sell, rent, or mortgage property on their name and reap monetary benefits from the same. It is important to see that the power of attorney is duly registered to offer you all the legal rights.

Conversion Certificate
Conversion certificate is issued by the authority of India to grant the permission of changing farmland or agricultural land into land for housing. Without this certificate, the land might still be considered farmland and constructing a house there might be illegal. Moreover, a no objection certificate aka NOB should also be there issued by the tehsildar.

These are some of the documents that one should always check to ensure that the property is legal and you can legally get the right to it. Checking these documents would help you know that you are making a lawful transaction and not getting into any type of fraudulent deal.

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Here we are sharing 7 ways to rainproof your home to stay healthy and comfortable this season:

1. Wall cracks & fungal growth

Wall cracks are mostly the first sign of damage that you may notice in your house. Both the exterior and interior walls can be affected by rains. If the walls are not coated with waterproof paint, then water may seep in and form cracks. This can also lead to fungal growth and musty odor in your living space. So keep an eye on these wall cracks and talk to your architect if you need some help. Always try to choose weatherproof paints for your home while planning to get your house or apartment painted. Fungal growth or mold can be removed using cleaning agents like bleach or a disinfectant liquid.

2. Check pipes and gutters

Frequent rains can cause clogging of drain pipes and water outlets in your house. If you find leakages on any of the pipes call your plumber and get it fixed before it gets worse. Also, water-logging around your house can cause the breeding of mosquitoes and other insects. Try to clean the dirt from all drainage holes to ensure smooth flow of rainwater.

3. Ensure proper ventilation

Staying indoors during the rainy season can be very gloomy as there is less sunlight coming in and more humidity in the rooms. Ensure good ventilation in your rooms to create more freshness and prevent unpleasant odors. When it stops raining, remember to keep the windows open to let air flow in. Using a dehumidifier will help to reduce the dampness and musty odor caused due to the growth of mold and mildew.

4. Electric wiring defects

During monsoon, any defects in electrical wiring or switchboards must be repaired without fail. Not addressing these issues can pose a threat for people living in the house as it may cause unexpected shock and short circuits. It is ideal to seek help from your electrician to inspect all your house electrical system to ensure maximum safety for you and your family. He can help you replace the loose wires, defective switches and other electrical fittings.

5. Protect wooden floor & furniture

Indians are very particular about wooden furniture and most often these are passed on from one generation to another. Whether it is your newly bought set of wooden furniture or those antique pieces you have acquired from your ancestors, you should take special care to protect them during the rainy season. Do not expose any wooden furniture to the rains as it can damage the wood and make it useless. The dampness and moisture in the atmosphere can destroy the wood and leather upholstery. Wipe your furniture with a dry cloth to remove mold and fungus growing on the surfaces. If your house has wooden floors, get it coated with was or polish to make it waterproof. Place your wooden furniture away from doors and windows. Using camphor balls or cloves inside your wooden cupboards and closets helps to absorb moisture.

6. Safeguard the doors and windows

During the rainy season, you may have noticed that the wooden doors and windows in your house tend to swell. This is because of the increased moisture content in the atmosphere. You may find it difficult to close the doors due to swelling. Try to scrape off the swelled portion of the door with sandpaper or seek help from a carpenter to solve this issue. Even metal door and window frames may get damaged due to excess water falling on them. Painting your doors and windows with weatherproof paint can help to prevent rusting and further damage.

7. Keep the floor rugs & carpets away 

Monsoon is a time when people come inside the house with water dripping from clothes and footwear and this will eventually create a damp atmosphere. This water gets absorbed on the floor carpets making it dirty and unhygienic. So remember to keep those floor carpets and rugs rolled away to prevent musty odor and growth of microbes inside your house. Make sure that you air out the carpets and rugs before you store them away. You can use polythene sheets to keep them wrapped neatly

Rains bring great relief from the scorching summer heat and it is a season that we all look forward to. But if you don’t prepare your house for the rainy seasons, you may have to face many unpleasant experiences every day. Get ready to enjoy this refreshing season by taking the above-mentioned precautions. If you found these tips useful, we hope that you will share it among your family and friends.

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How much equity do you have in your home?

A homeowner must have at least 20 percent equity in their home in order to avoid having to pay for private mortgage insurance. The more equity you have in your home already, the less you will end up having to pay over the course of the loan. Still, for those who do have a lower equity in their homes, refinancing may still be a viable option through specific programs..

What is your credit score?

Just as it was when you initially purchased your home, your credit score will be an important factor when you refinance. A higher credit score will help to ensure you will be able to get a better interest rate. Since one of the main purposes of refinancing is to get a better rate, it is important to make sure you have a good credit history. If your credit score is not where you would like it — say if it’s below 700 — you may want to work on building up your credit first before refinancing.

What are your goals?

Refinancing a mortgage can be beneficial, but it’s important to be clear on what it is you are trying to accomplish. Are you looking to shorten your mortgage? Decrease your monthly payments? Change from an adjustable-rate mortgage to a fixed rate mortgage? These are important questions that will help your recognize your goal and therefore make the best decisions to meet it. Remember to include other financial aspects in this goal, such as your current level of savings, proximity to retirement and more.

What are the terms of your current mortgage?

This goes along with question number three. Do you currently have an adjustable-rate mortgage (ARM) and are you looking to switch to a fixed-rate? With an ARM, your monthly payment can jump a few hundred dollars from one month to the next. To avoid these changes, a fixed-rate mortgage may be best, but you need to be aware of what your terms are. Be sure to thoroughly read and understand your current loan and your new loan.

Can you afford to refinance?

There are additional costs associated with refinancing, including closing costs paid to the lender to process your loan. These fees can add up and cost you thousands. While you may be able to get these costs absorbed in your loan, it may raise your monthly mortgage, making the refinance not worth it. Remember to add up all the costs of refinancing while you’re planning.

Do you have the time to dedicate to researching your best options?

There is a bit of work and research that’s associated with refinancing. You need to be aware of your own financial position, what your goals are, the terms and conditions of your current loan and more. In order to get the benefits you are looking for through refinancing, you must be willing to put in a little effort to answer the above questions and to search for the best refinance options, otherwise you may find yourself stuck with a loan that is not favorable. If you do not have the time or energy to do this research, it may best to wait.

If you want more help with this decision and others relating to your financial health, you might want to consider hiring a financial advisor. Finding the right financial advisor that fits your needs doesn’t have to be hard. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.

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Arihant Superstructures Ltd. decision to create Jodhpur’s First SPA Residence Township with 3, 4 & 5 BHK Royal & Luxurious Apartments located at a prime location. Indulge in a world of lavish and Spacious living completeness along with your family and lead an elite lifestyle at Arihant Ayati.

Happiness Comes Branded at Arihant Ayati

At Arihant Ayati, every home is fitted with top-notch brands like Ambuja, Jaguar, Schneider, Kajaria, Finolex and Dulux – to name a few. From visible aspects like tap fittings to invisible ones like concealed wiring, Ayatihas quality brands inside out. We believe in brand collaborations because buying a new house is a well-planned decision that involves several long-term variables; there-by guaranteeing that our customers have a hassle-free life, every day. Such renowned brands are happy to join hands with us because they see long-term value in this relationship.

Homes That Befriend Our Planet

Sustainability and thoughtfulness are two core principles at Arihant Ayati. In sync with this, caring for the Environment has always been an integral factor whilst we continue to conceptualise and develop all of our building projects. Mother Nature has always been our closest friend – hand-in-hand we create and grow together.

A Fine Mix Of Amenities For Holistic Living

Arihant Ayati has always been well-known in providing some of the finest living & lifestyle amenities to complement its branded homes. From an Gym with high-quality equipment, a Swimming Pool, an Indoor Games Room, Landscaped Gardens, a Co-working Space with a Cafe, a Senior Citizens’ Deck, an Amphitheatre and a Children’s Play Area – you are sure to find an active community life step outside your Ayati door.

You Will Always Be In Safe Hands

Security is of prime importance at Arihant Ayati. The project comes with multi-tier security, providing all-round security for your family. Arihant Ayati has Boom Barriers, Security Personnel, Password Controlled Entry at Entrances, Video Door Phones, Fire Alarms & Fire-Fighting Systems, Safety Door Provisions, Grilled Windows for the Apartments. What’s more, the project also has CCTV Monitoring and Smoke Detectors & Sprinklers for common areas.

Worry-Free Living For A Lifetime

Maintenance has always been a cumbersome issue for homeowners. In order to tackle this issue – Arihant Ayati has implemented a one-of-a-kind commitment at Arihant Ayati called ‘Maintenance Assurance’. Under this program, several common features and facilities will be regularly maintained to offer a worry-free life for residents: Some of the works taken care of under this program include the Swimming Pool, Elevators Fire-Fighting System  and many more.

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While talking about all this, the city is a very well-liked tourist attraction destination with various temples, palaces and forts to explore. The town is full of good-looking Palace Hotels and Heritage Hotels.

Real Estate projects in Jodhpur are considerably cheap. The city offers not only affordable housing with a quality lifestyle but also assures good return on investment. The average ticket size price of an apartment in Jodhpur ranges between 3000 INR to 3500 INR approx per square ft.

Better return on investment in upcoming micro markets like Jodhpur means more cheer for those looking for their dream home in this region. Investors have also received good rental returns in the past especially due to the presence of big industries and agriculture.

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