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Archive for August 27th, 2009

Property Solutions Are Now Simple Through Portals

A decade ago it took over a month to find a 2BR house in Vijaynagar for one of my coleague as he tore off a pair of shoes accompanying an array of brokers for the purpose though plenty of such houses were available those days compared to the opposite situation we face today. Another friend of mine as he relied on information available on portals has been able establish his hold on same size of house in the same locality within three days of his landing in Bangalore last month.

Search results on portals could be sorted on the basis of price area and fast response listing that in turn enable us to identify the best according to our requirements within moments and get into a chat session with the person who inserted the said information. Accessing portals people can easily negotiate their search sale rental lease and advertisement of their properties besides building up of their own property micro site.

Global recession compelled many who suffered paycuts or lost their jobs. Portals rushed to their rescue as they were eager to have instant money on hand and were prepared to sell villas flats and sites at less than normal price.

Construction Front:

To begin construction on a designated site we need to approach sanctioning authorities with basic documents such as agreement of sale deed of partition gift deed release deed sale deed will deed general power of attorney lease agreement in addition to the plan drawn according to the building byelaws etc. Till latest it was a long drawn process to get these documents drafted by the experts. Property portals began to simplify this process by enabling download of formats requiring us to just fill up name and address columns and be ready with the document within no time.

Not too long ago it has been an endless task to approach bank after bank to select the best of construction loans. This process has now become easier since portals enable us to compare policies of various banks regarding home loans and find applications online within moments. A portal called www.PropertyAtBangalore.com provides a unique option where the prospective buyers can apply for a home loan directly.

It was a hard task to find a contractor who is time bound reasonable in pricing and well in maintenance of construction quality. We used to depend upon people who quote a price per sqft arrive at figure to complete construction and then fight with us for extra money quoting this and that items were not included in purview of the contract during the course of construction. In our experience time and money always went haywire dealing with such people. Portals these days allow us to find people who take up item rate contracts helping us to keep a track on quantity of materials used and pay exact amount for the work done periodically thereby saving time as well as our hard earned money.

Online assistance is available for even for contractors to set right shortage of building tools and products as portals display complete data of even rarest of the rare source of materials. I recently came across a building contractor who claimed that the search engine LabourNet made his task easy even with respect to the shortage of construction workers such as masons shuttering carpenters fabricators etc.

About the writer:  Ravi Naraboyina