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      March 7, 2024
      Flats, Independent Houses, Villas, or Plots? – Which is a Better Real Estate Investment?

      Purchasing your first home can be a daunting task. With countless options available on the market, selecting the right property to invest in can be a challenge. Plots, independent houses, villas, and flats all come with their unique features and drawbacks. But which is the best property investment?


      Flats or residential apartments are one of the most popular residential property investments – especially in the vertically growing metro and urban cities. Flats are not only affordable but also easy to finance as you can easily access home loans at competitive rates. Additionally, you can avail tax benefits on interest paid against your home loan. Flats also attract a higher resale value and a wider buyer pool speeding up the resale process and offering you a higher return on investment.

      Builders also offer contemporary looks and modern amenities while the residential society takes care of maintenance, utility, and security services. Residential apartments offer a sense of community as you also enjoy the benefits of independent living. As a result, you are free to enjoy community amenities without having to invest significant time or resources. However, flats have a limited customization potential and can potentially lack privacy – especially on the lower floors.

      Independent Houses

      Independent houses are ideal for individuals who value privacy above all and are willing to invest the high initial capital necessary. Due to the high initial capital investment and limited demand, capital appreciation may be limited for independent houses. Accessing home loans can also be difficult – involving more comprehensive scrutiny – for independent houses, but you can enjoy the same tax benefits as flats.

      You can customize independent houses to make them your own. However, one of the major drawbacks of independent houses is that you are responsible for adding any amenities, maintaining the property, managing utility services, and ensuring the security of the property. This involves significant investment, effort, and time on your part to maintain the property. Developers today are offering independent houses in gated communities where you can enjoy individual and shared amenities – similar to residential apartments.


      Villas are just the luxury versions of independent houses that often include gardens or even pools on the premises. Villas allow you to enjoy a luxurious living experience without compromising on your vision, quality, or privacy. Villas require a significantly higher initial capital investment. But if you have the resources, a villa is often a great investment as its value appreciates significantly with time and you can also attract high rental income with them.

      Apart from being expensive, villas also need regular extensive maintenance of the property, landscape, and amenities like a pool, patio, or gardens. This further drives up the cost of owning a villa, making it an undesirable choice for individuals on a budget. Finding the perfect location for a villa is also difficult as you need to find a place that is desirable and scenic, connected, private, and provides all basic amenities.


      Plots are vacant stretches of land – either in gated communities or standalone – where you can build a house from scratch that meets your requirements and reflects your vision. Plots open up a host of possibilities and opportunities for you to construct a house best suited for you. Residential plots are a great investment as they have a higher capital appreciation rate compared to constructed structures and demand is higher than supply.

      However, buying a plot and building a home is extremely challenging and time-consuming. First, you have to find an available plot in a desirable location, which can be challenging. Further, banks offer significantly lower loan amounts to purchase plots than constructed homes, which also come with much sterner repayment terms and no tax benefits. You also need to invest in architects, designers, construction materials, and labour costs when building a house on a plot. And you cannot expect to enjoy the property or get rental income until you invest significant time, effort, and resources in residential plots. So, you have to look at plots as a long-term plan and be prepared to deal with market fluctuations and significantly higher initial capital investment.

      Choosing between flats, independent houses, villas, and plots, you have to consider many factors like initial capital investment, access to financial assistance and loans, availability of amenities, maintenance cost and efforts, security, and return on investment. Your lifestyle preferences, investment plans, and rental potential also play a significant role in making this decision.

      Wondering which property investment is the best for you? Get in touch with the Squarea team today to find the best home for you.

      For more details on this subject, please email hello@squarea.io

      March 5, 2024
      Ready-To-Move-In or Under-Construction Property: Which One Should You Choose?

      With an abundance of options available, one of the first decisions prospective home buyers must take is whether they should opt for a ready-to-move-in or an under-construction property. Which is the better choice?

      The answer is not always straightforward. Both have their unique advantages and drawbacks. And you must weigh them and decide which option is the best suited for your unique condition. So here are some major pros and cons of ready-to-move-in and under-construction homes to help simplify that decision:

      Ready-To-Move-In Properties

      As the name suggests, ready-to-move-in properties are finished residential properties that you can start enjoying immediately. But are they the right choice for you?


      · Instant Access: One of the major benefits of ready-to-move-in property is virtually zero waiting period. You can immediately move in after making the payment and completing the necessary documentation. This relieves you of the stress of having to pay both rent and EMIs as you wait for possession.

      · You Get What You See: In ready-possession homes, you get precisely what you see. There is no chance that what you saw during the visit will change once you move in. So you have the opportunity to check for the features you want and choose the home best suited for your vision.

      · No GST: The Goods and Service Tax does not apply to ready-to-move-in properties. Additionally, you can immediately start collecting tax benefits if you use a home loan to purchase a ready-possession home.

      · Learn From the Locals: You can interact with the locals to understand their experience living in the area, check the social infrastructure and connectivity, and see if this is the right community for you. You can also understand any potential issues you may face and decide whether the property is worth investing in.


      · High Costs: Ready-to-move-in properties often sport a costlier price tag, often 20% to 30% higher than under-construction property.

      · Construction Quality: You have no way of verifying the construction quality, analyzing the project development, and learning about the materials when buying a finished apartment. You will have to rely on visual checks and the word of the seller to gauge construction quality.

      · Property Age: Buying a ready-to-move-in property does not guarantee you a brand-new home. The apartment may not have been put on sale for a while, it might have been on the market for some time, or previous owners may not have maintained it well. All these factors contribute to the home appearing old.

      · Lack of RERA Registration: Older properties, with occupancy certificates issued before 1st May 2016, are not covered under the RERA Act. Therefore the responsibility of proper due diligence and access the relevant information from public platforms falls on the buyer.

      Under-Construction Properties

      Compared to ready-to-move-in homes, under-construction properties are in various stages of completion and still have some work to do. If you are ready to wait, are under-construction properties better for you?


      · Lower Costs: When compared with ready-possession properties, under-construction properties can be anywhere between 10% and 30% cheaper. If you are on a tight budget and are ready to wait, this price difference can be worthwhile.

      · Higher Appreciation: Property prices go up as the construction progresses. Additionally, improvement in local infrastructure during this time can also increase overall property values. So if you are looking for a higher return on investment, purchasing a property in the early stages of construction makes more sense.

      · Flexible Payment Options: An under-construction property offers much more flexible payment options than a finished property. For example, you can reserve the property with a small down payment and pay the balance on possession or make partial payments as the construction progresses.

      · New Construction: If you want to live in a brand-new home with no maintenance issues and a long life, under-construction properties are the way to go. They also give you access to the latest amenities, services, and design trends for a trendy home.

      · RERA Compliance: Every property with an occupancy certificate issued after 1st May 2017 has to be registered under RERA. Therefore, all under-construction properties fall under RERA authority and are required to abide by its principles and ethical business practices. You can easily get information about new under-construction projects on the

      · Offers: Since there is a wait to move into under-construction properties, builders often run promotions and offers to attract buyers. So you have to option to not only look for the home design and amenities you want but to find the most attractive offers as well.


      · Greater Risk: Under-construction properties are higher risk investments as builders may fail to deliver on schedule or – in the worst case scenario – fail to deliver the project due to lack of resources. So researching the builder and choosing a reputed real-estate developer is essential when investing in under-construction properties.

      · Disparity between Design and Finished Product: With under-construction properties, you run the risk of not receiving the promised amenities, altered layouts, or insufficient usable space at the time of possession.

      · GST and Tax Implications: Under-construction properties are subject to GST – 1% for homes priced under INR 45 lakh and 5% for properties worth more than 45 lakh – in addition to stamp duty and registration fees. Additionally, you also cannot claim tax benefits for under-construction properties until possession. However, the interest you pay on a home loan is tax-deductible (up to INR 2.5 lakh) if you move in within three years of securing the loan.

      Ready-to-move-in or under-construction, both properties have their advantages and drawbacks. You need to assess your unique situation and decide which option suits your needs the best.

      Looking for a property to suit your lifestyle? Get in touch with the Squarea team today to find the ideal home for you.


      For more details on this subject, please email hello@squarea.io 

      March 3, 2024
      Top 10 to Help You Choose the Right Floor in a High-Rise

      In attempts to accommodate the growing population and influx of people for better employment opportunities, many Indian cities are now growing vertically. As a result, which floor to buy a flat on has become one of the most pressing questions for prospective home buyers. Should you go for accessible lower floors or enjoy scenic views from the top floors? The answer is not always straightforward but can significantly impact your living experience.
      So are you a home buyer contemplating which floor will be the best for you in a high-rise residential project? Here are some factors you should consider before making that choice:

      Floor Rise Charges (FRC)
      Because of the perceived higher quality of life on top floors, many builders charge – anywhere between 15% and 25% – extra for flats on higher floors. The FRC is determined by the builder or the construction company and takes into account the overall construction costs, interests, and overheads. So if you want to live on higher floors, you will need to adjust your budget accordingly.

      Security and Privacy
      Lower floors are usually considered comparatively unsafe as they are easier for criminals and other anti-social elements to break into than upper floors. But if you are set on choosing a lower floor, be sure to verify the security arrangements in and around your high-rise complex.
      Additionally, lower levels also offer less privacy, especially if the building is near a busy road. So if you want to enjoy a quiet and peaceful home, higher floors may be better suited for you.

      Fire Safety
      Fire safety can be an issue for occupants on higher floors. An occupancy certificate from the local authorities can help you determine whether the building has received clearance from the fire department and meets the necessary safety criteria.

      Access and Family Considerations
      Ideally, high-rise buildings must offer at least two lifts and staircases so people can rely on another lift in case one fails. The number of lifts and backup systems becomes crucial when you consider your family members – especially elders and small children. In a case where both lifts fail, you have to rely on staircases and must consider whether they would be convenient to use and easy to access.

      Floor Deviations
      In many cases, builders deviate from the construction plans on the top floor, which can get you in trouble down the line. So if your heart is set on the top floor, make sure that the construction adheres to the approved plans and has all the necessary clearances.

      Network Coverage
      You may experience spotty mobile network coverage as you go up in a high-rise building. Broadband facilities may also be unavailable on higher floors. So make sure you have adequate network coverage in the flat if you choose a higher floor.

      Power Consumptions
      Lower floors are generally cooler than top floors and require less energy – especially during summers when you must run AC units or coolers to keep your house cool. You need to keep the electricity costs in mind when choosing the floor, especially if your city experiences long and harsh summers.

      Vantage Point
      The most obvious advantage of top floors is the vantage point and views you can experience from your windows or balconies. So if the high-rise is near a scenic place and you want to enjoy the view, go for the top floors.

      Light and Ventilation
      Apart from the view, higher floors also have better natural light and ventilation, making your home feel light and airy. You will also be away from street-level disturbances if you opt for top floors rather than ground or lower floors.

      Rental Returns
      If you are buying a flat as an investment, lower floors may fetch better rental returns. But make sure to understand how the climate affects renters’ choices. For example, renters in Mumbai or Bangalore prefer upper floors – away from the noises of the street, whereas renters in Delhi – NCR and Chennai prefer lower floors.
      Still confused about what floor to choose? Squarea expert team can help you find the right luxury home for you. Get in touch with us today to find the home that fits your lifestyle.


      For more details on this subject, please email hello@squarea.io

      March 1, 2024
      Six Things to Consider when Choosing between Small-Scale or Established Builders

      From buying your first house to buying an investment property for your sunset days, chances are you will make at least one real estate investment in your life. And since it is a significantly high monetary value purchase, knowing you are making the investment at the right time, right place, and with the right person is crucial.
      The real estate market today offers you a wide variety of choices when it comes to selecting a developer – from reputed established builders to new small-scale builders – offering an array of features, amenities, and price points to attract different prospective homebuyers. Every developer – irrespective of their experience, reputation, and brand equity – has unique benefits and drawbacks.
      Here are six things every homebuyer needs to consider when selecting between an established real-estate giant or a new player in the real estate industry to make a well-informed home-buying choice.

      RERA Certification

      RERA certification is one of the most reliable credibility measures when it comes to real estate developers. Every real estate developer has to register under respective state regulatory authorities; and, thus, adhere to the provisions of the RERA Act 2016. So, purchasing a property from a RERA-registered developer – established or new – ensures the safety of your investment in cases of delayed possession, substandard construction, or incomplete project.


      One key advantage of going with an established developer is their credibility and track record within the market can assure of the project quality. Although this does not mean new builders will deliver sub-standard quality or engage in fraud, you have to be vigilant when investing with a small-scale developer.

      Price Points

      An established brand name comes with a premium price tag. On the other hand, a new or lesser-known developer might offer a lower price point to attract more customers. So consider your budget and the price point you are comfortable with when choosing between the two.

      Construction Quality and Amenities

      Luxury projects from real-estate titans generally offer the latest high-class amenities, better construction quality, and warranties on interiors which new players may not be able to offer. So you have to balance between the price point, construction quality, and amenities.

      Property Maintenance and Upkeep

      Experience and expertise of well-established builders often reflect in better property maintenance and upkeep – from construction onset to property handover. Additionally, some developers also go beyond this point and help residential societies maintain various amenities in the project – such as kids’ play area, swimming pool, or clubhouse. So to ensure you are investing in a project that is well-maintained up to and beyond the point of handover, looking at the builder’s track record is crucial.

      Resale Potential

      Although residential real estate appreciates over time, projects by established real estate developers have a higher resale potential, attracting a wider buyer base and higher resale value when compared to new small-scale developers. So if you are looking for a higher return on investment, trusting a renowned developer can be a better choice.
      In short, apart from checking builder credibility and RERA certification, you have to balance your needs and expectations when it comes to price point, construction quality, amenities, property upkeep, and resale potential. But be sure to know your developer and consider the points above before making a high-value real estate investment.
      Still confused about which is the better choice for you? Get in touch with the Squarea team today for all your home-buying needs.

      For more details on this subject, please email hello@squarea.io

      February 28, 2024
      Buying Your First Home: Is There an “Ideal Age”?

      The decision to buy your first property is one of the biggest milestones in a person’s life and the timing of this investment can be crucial. Many factors can impact the decision to buy property, including financial stability, savings, life goals, and family dynamics. And different life stages come with different financial conditions and priorities.

      But then is there an “ideal age” to buy a property? The short answer is “no”. The long answer is – there is no “one size fits all” answer to this question as real estate investment at different ages comes with different benefits and challenges. And although the average age of first-time home buyers has seen a drastic shift in recent years, the ideal age for you to buy a home will depend on things like home loan eligibility, EMI affordability, ownership responsibilities, and your risk profile.

      So what is it like to buy a home at different stages of your life?

      Buying Young (In 20s and 30s)

      With the rapidly increasing purchasing power of Indian youth, many are opting to buy their first home in their 20s and 30s. Young buyers can let their investment mature over decades as the property values appreciate while they benefit from reduced tax liabilities. Additionally, entering the buying cycle young is better for financial planning and flexibility as you have little to no debt and family obligations, and you can focus on paying off a large proportion of your home loan before taking on any additional responsibilities.

      The only drawback of buying young is you do not have enough savings for the down payment and have to take out a bigger loan. Additionally, you also cannot anticipate your family dynamics and shared life goals going forward, which means you may have to look at different properties as you move forward.

      Buying in Mid-Life (In 40s and 50s)

      Mid-life is often associated with career growth, a higher earning potential, more disposable income, and a strong credit history. As a result, buying property at this stage is more financially feasible and you can explore a wider range of choices when it comes to property size, style, and location. And with your earning potential, you can also opt for longer loan tenure to manage your EMI obligations and benefit from reduced tax liabilities.

      Additionally, you can also factor in your life goals and family dynamics in purchase decisions at this stage, where your life partner can increase your purchasing power and you can buy a home that aligns with both of your goals. Keeping family at the forefront, you can focus on providing a stable and comfortable life for your family, better educational opportunities for your children, and a secure future for all.

      Buying in Pre-Retirement and Retirement (In and After 60s)

      Your homeownership priorities and opinions may change as you move closer to retirement. You may want to downsize to a more manageable home that offers better amenities, is in an area with a more suitable climate, or is closer to your relatives. Moreover, at this stage, you probably have a principal residence and can invest in secondary properties for rental income.

      Financial stability and growth at this stage may mean that you can buy the property outright with your savings and not have to rely on loans. However, if you decide to opt for a home loan, you may not be eligible for more favourable loan terms due to your advanced age and limited earning potential.

      It is clear that there is no “ideal right age” to buy property. You need to consider your unique situation, requirements, financial stability, priorities, and risk profile when making that decision. Each stage in your life comes with different challenges and benefits when it comes to home ownership. You must weigh them and look at the market conditions when buying your first home.

      No matter when you decide to buy a home, the Squarea team can help you find the best luxury homes. Get in touch with us today to find your dream home.

      For more details on this subject, please email hello@squarea.io

      February 26, 2024
      Legal Checklist for Buying a Residential Property in India

      Buying your first home can be quite an emotional decision for many. But you cannot forget that this would be one of the biggest legal transactions of your life, and stay vigilant to protect yourself from undue stress.

      Whether you are a first-time home buyer or looking to purchase a resale property, the legal process for buying a residential property includes the following steps:
      • Property search
      • Legal due diligence and documentation
      • Negotiation and agreement
      • Home loan approval
      • Registration
      • Possession and handover

      Although the specifics of these steps may vary, you will be following this process in general; and you cannot afford any missteps – especially when it comes to legal due diligence and documentation.

      So what are some of the key legal aspects and requirements you must understand to safeguard your investment and ensure a clear title on your residential property?

      Property Documents

      The first and most important step is to verify the property title with the necessary documents going back at least 30 years (minimum 12 years if previous documents are not available). These documents can help you verify:
      • The title documents (indicating the transfer of title over the years)
      • Nature of the title
      • Development agreement or power of attorney
      • Pending and past litigations against the property

      This can help you ensure the nature and marketability of the title and establish a clear title free from encumbrance.

      Seller Identification
      The next – and equally important step – is to identify the seller and their ability to convey the property. This includes information like:

      • Residential status of the seller (in case you may need special government authorization for the sale)
      • Identity and consent of all owners (in case of jointly held properties)
      • Court order authorizing the sale and appointing a guardian (in case of property held by a minor or an individual of unsound mind)

      Documents like Aadhaar numbers, PAN, passports, or income tax returns can help you ascertain the identity(s) of the seller(s) and establish they have the proper authority to sell the property.

      Conversion and Land-Use Permissions

      Many state and national laws restrict the ways land can be used, making ascertaining the type of land the property is on – residential, commercial, industrial, or non-agricultural – essential. So ensuring the property stands on non-agricultural residential land is essential as non-agriculturists may get in trouble for purchasing agricultural property.
      Additionally, you must ensure that the property complies with the zoning plan. If the actual land use differs from the zoning plan, getting the necessary approval from the Town Planning Authority for a change of land use is mandatory.

      Construction Approvals

      In case you are buying an apartment or a constructed building, validating the construction plan and necessary approvals from relevant authorities is crucial. This includes approval and NOCs from different departments – like the Pollution Board, Environment Department, Traffic and Coordination Department, and many more – to ensure access to infrastructure facilities – like water, electricity, sewage, environmental clearance, fire safety, and more.

      Occupancy Certificate

      Occupancy certificate – indicating the property meets all regulatory and statutory requirements and is fit to occupy – from the competent authority is mandatory. Use – or sale – of property without such approval leaves buyers vulnerable to penalties and risk of demolition.

      Tax Payment Status

      Non-payment of taxes can affect the marketability of a property. So ensuring the seller has cleared all their dues – tax and utilities – is crucial. Otherwise, the buyer will be liable to clear all pending dues against the property.


      Be sure to check any registered encumbrance on the property before buying the property. You can search at the jurisdictional sub-registrar office, the website of the Ministry of Corporate Affairs (in case of a corporate seller), or issue a public notice to find any third-party claims against the property.

      Physical Survey and Property Access

      It is advisable that a buyer undertakes a physical survey to confirm the extent and measurement of the property against the information provided by the seller.
      Especially when purchasing land, identifying the boundaries, access, and any other physical attributes can help ensure you can enjoy your property properly.

      RERA Compliance

      Any project falling under the scope of the Real Estate (Regulation and Development) Act, 2016 (RERA) has to be registered with the RERA authority. So be sure to check the RERA registration of the property – and the real estate broker – before purchasing the property to establish the credibility of the project and the seller.

      Loan Outstanding

      In case you are buying a resale property, be sure to verify whether there is a loan outstanding against the property. You can ask the seller to clear the outstanding loan amount to get the original property documents from the bank and register the property in your name to get a loan of your own. Or you can apply to transfer the loan from the seller’s name to yours and continue to make payments. In any case, be sure to get copies of the title documents, loan outstanding statement, and no dues certificate from the bank to ensure a clear title.
      This is a general legal checklist you must consider before buying a property in India. However, it is advisable to work with a skilled legal expert to conduct proper due diligence, examine every small legal facet, and ensure the safety of your investment.
      Need help to understand the legal requirements when buying a property? Squarea expert team can direct you to the right resources and help safeguard your real estate investment. Get in touch with us today to find the home of your dreams.

      For more details on this subject, please email hello@squarea.io

      January 15, 2024
      11 Costs You Must Consider for Property Investment in India

      Buying a home is probably one of the biggest purchases you will make in your lifetime. But to make sure the cost of the property fits into your budget you must understand the different factors that contribute to the final cost of property investment. You are probably aware of some factors, like construction material, land, and labour charges. But you cannot rely simply on the per-square-foot charges as quoted by the builder to estimate the cost of your property investment.

      Here are some – potentially hidden – components that make up the total cost of property investment in India:

      Preferential Locality Charges (PLC)

      PLCs are usually levied on a ‘per floor, per square foot’ basis, and are the costs you must pay to access “prized locations”. This may simply be the floor rise charges or premium costs for penthouses that come with gardens or lake views. This cost is not fixed and will vary from builder to builder and from time to time.

      Parking Charges

      Despite the Supreme Court’s ruling in 2010, many developers still charge hefty amounts for covered parking spaces. This can range anywhere between 1 to 5 lakh on top of the price of your flat.

      Club Membership

      Clubs in residential societies have become a rising trend and do not come free of cost. You must pay a one-time membership fee – for a predetermined period – to access these clubs. This can turn into a recurring expense after the initial period ends.

      Charges for Civic Amenities

      Builders also tend to charge additional costs for civic amenities like fire safety, electricity backup, and water – adding them to the total cost of the property. Builders often levy charges like External Electrification Charges (EEC) and Fire Fighting Equipment Charges (FFEC) at the time of purchase. And you may also have to bear the costs of getting an electric connection for your home.

      External Development Charges (EDC) and Infrastructure Development Charges (IDC)

      EDC and IDC are the charges developers must pay the state government for infrastructure and amenities – like access roads, parks, or civic infrastructure – development in the surrounding areas. However, builders often pass these costs on to the buyers, adding to the overall cost of property investment.

      Maintenance Deposit

      Residential societies charge maintenance fees for the amenities they provide. Builders often take an upfront maintenance deposit at the time of purchase to cover maintenance for up to 2 years. After this, the residents are responsible for establishing a co-op society and setting a maintenance amount to be collected monthly or annually.

      Brokerage Fees

      Although not hidden, buyers often end up overlooking brokerage fees when working with a real estate broker. They often charge 1-2% of the total house cost as brokerage, which adds to your total cost of property investment.

      Stamp Duty and Registration Fees

      The state government charges anywhere between 5 to 7% of the property value as stamp duty. This is a compulsory fee to get the house registered in your name. Additionally, you will also need to pay 1-2% of property value as registration fees to the court for the full and final agreement indicating the change of ownership.

      Goods and Services Tax (GST)

      Every under-construction property in India is subject to GST – 1% for homes under 45 lakh and 5% for more expensive homes. Ready-to-move properties, however, are exempt from GST.

      Home Loan Processing Fees

      If you are opting for a home loan, you will also need to factor in loan processing fees in your property investment budget. These fees will cover the basic administrative costs, costs to carry out credit checks, and any additional costs for value-added services – like property search, flexible tenor, or online loan application.

      Peripheral Expenses (moving/interiors/furniture)

      Your property investment costs do not end with the purchase and registration of your house. You have to budget for moving expenses, interiors, furniture, electrical appliances, and any other peripheral expenses when deciding to purchase a property. These costs can easily go up to 10 lakh even if you are focusing only on basic necessities.

      There is no way you can avoid these charges when purchasing a property. So be sure to plan for these and keep some room in your budget for any unexpected changes.

      The Squarea team can help you understand all the costs involved in property investment. Get in touch with us today to start your home-buying journey.

      For more details on this subject, please email hello@squarea.io

      January 15, 2024
      YOO partners with Squarea

      In an ever-changing world, the success of any business depends on one key factor: how effective the company’s sales leader is. The challenging economic times require a leader who can exemplify the characteristics of being agile and savvy and is invested in the success of their team and the company. CEO Insights exclusive team engages in a conversation with one such effective Sales & Marketing leader, Aseem Agarwal, Co-Founder, Squarea Consulting, who holds over 15 years of extensive experience across the Real Estate, Banking & Financial Services sector and is equipped with the qualities needed to guide teams through uncharted waters.

      December 29, 2023
      YOO Worldwide partners with Squarea

      London based global design brand YOO Worldwide and luxury real estate advisory company SQUAREA with offices in Pune and Dubai have entered into a partnership to market branded residences for luxury and hospitality developers with their inaugural project being a luxury development in East India.

      The partnership aims to bring together the joint capabilities of YOO Worldwide’s design and interiors expertise along with SQUAREA’s expertise in luxury marketing and sales, and HNI portfolio management.

      The branded residences segment, while growing at a 160% YOY, is a largely under-served segment with only 690 developments or ‘schemes’ globally and a little over 600 more expected to be completed by 2030.

      Branded Residences offer an international standard lifestyle while meeting the expectations of an increasingly lifestyle conscious, globally aspiring clientele. They are also refreshingly different and help to reposition the portfolio of growing and emerging luxury developers and also enhance their corporate brand reputation.

      The Indian market is projected to touch 1.65 million HNWIs by 2027 with UHNWIs expected to touch 19,119 individuals in the same period (up by 58%) from 12,069 in 2022 (Knight Frank, 2023).

      Branded Residences with their promise of a global lifestyle also interest the Non-resident Indian segment interested in luxury homes in metros. The brand lifestyles which come with these homes are also similar to the lifestyle of global cities. Top designers and architects who work on such projects are already very reputed in their respective countries and such developments therefore need no formal introduction.

      The opening project of the YOO and SQUAREA partnership will also see the involvement of Philippe Starck personally and will become the third project in India carrying his signature design and innovation.

      Branded residences largely cater to the topmost spectrum of the home buying base – the HNWI and UHNWI segment. These residences can serve as both primary residences or second homes, many a time in a second city of choice. This is where developers can command a brand premium, profitability and returns.

      December 29, 2023
      13 Important Documents You Must Check Before Buying a Resale Flat

      Buying a resale flat can be a great opportunity for you to become a homeowner without having to pay the market rate. You can also move in immediately without having to wait months – or even years – to get possession. But as a resale flat has changed multiple hands, buying it comes with numerous technical implications and complex legal procedures. It can also be risky to buy a resale flat without doing your due diligence.

      But what can you do to safeguard yourself in such situations? Here are the 13 important documents you must check before buying a resale flat to ensure you don’t get scammed:

      Title Report

      Conducting a Title Search or Title Verification at the Registrar’s Office gives you access to the Title report detailing the history of the flat. It will also outline information like title holder’s name, joint encumbrances, liens, mortgages, tax rates, and property tax.

      Home Loan Clearance Documents

      If the flat you are buying is mortgaged against a home loan, it is crucial to check the debt status. And to ensure that the previous owner has paid back all the pending dues to the bank, check the No Dues Certificate, No Objection Certificate, and other home loan clearance documents from the bank.

      Building Plan and Building Approval Certificate

      Buying a flat in an illegal construction can get you in trouble down the line. Make sure to verify that the local municipal authority has approved the building plan – outlining the property blueprint, equipment layout, and utilities – and the flat is built per the approved plan.

      Completion or Occupancy Certificate

      The municipal authorities issue the Completion Certificate on project completion while local government agencies issue Occupancy Certificate once the project is deemed to be suitable for occupancy. Collecting both these documents in the previous owner’s name is crucial to verify that the flat is constructed following relevant legal guidelines and is fit to occupy.

      Encumbrance Certificate

      The Encumbrance Certificate will outline any legal issues or transactions related to the resale flat you want to buy. Checking it can help you ensure that the property title is clear and marketable, has no dues or has not been partially sold to someone else.

      Utility Bills

      You may be held responsible for any unpaid utility bills for the resale flat you purchase. Checking utility bills – including electricity, gas, or water bills – lets you know if any bills are unpaid and verify that the bills are registered in the name of the owner.

      Latest Tax Paid Receipts

      Checking the latest tax receipts of a resale flat can help you ensure that the previous owner had paid taxes on time and there are no outstanding dues or fraudulent activity attached to the property.

      No Objection Certificate (NOCs)

      Checking from competent authorities – including banks, society, electricity board, etc. – is crucial before paying anything for a resale flat because it is illegal for a reseller to sell their property without furnishing the relevant NOCs.

      No Dues Certificate from the Society

      When buying a flat in a co-op housing society, a NOC or No Dues Certificate from the society is vital to indicate that the seller has been abiding by the society’s rules and has no dues, and the society has no objection to the transfer of ownership and Share Certificates to the buyer.

      Title Deed

      The title deed is the primary proof of property ownership. Be sure to check the original title deed – outlining the names of the original seller and buyer, details of loans against the property, and any other related information. This helps you verify that the flat has a marketable title and seller has clear ownership of the fact.

      Sale Deed

      Sale Deed is one of the core legal documents that will be considered as the main proof of ownership if you decide to sell the property in the future. You need to register it in the

      Registrar’s Office and is the most important document you must check once the Title Deed transfers the title of the resale flat to you.

      Possession Certificate

      Builder issues the Possession Certificate to the first owner after they take physical possession of the property. The builder will jot reissue this document at any time and you must obtain it from the seller after signing the Sale Deed.

      Share Certificate

      When buying a flat in a co-op housing society, you will need to get the Share Certificate transferred to you. Once you receive the Sale Deed, you will need to collect the original Share Certificate from the seller and submit it to the society along with a mutually signed transfer form. Then the society will issue a new Share Certificate – containing names of all previous owners – that will entitle you as the new owner.

      Each one of the documents is crucial when you want to buy a resale flat. Your bank will also need you to submit these documents if you are applying for a resale home loan. Missing any of these documents can land you in trouble in the future with concerned authorities. So be sure to check them with a fine-toothed comb and safeguard yourself when buying a resale flat.

      Thinking about buying a resale luxury flat? The Squarea team can help you every step of the way. Get in touch with us today for a smooth buying experience. For more details on this subject, please email hello@squarea.io

      March 15, 2023
      What Makes Investing in Kharadi’s Real Estate Worth It?

      Known as the “Oxford of the East”, Pune is well-known for its quality educational institutions, career development opportunities, hospitality, a pleasing environment, and much more. With many residential projects in different suburbs offering modern infrastructure, connectivity, and convenience, Pune’s real estate market is booming.

      Situated in Pune’s eastern corridor – on the scenic banks of the Mula – Mutha Rivers – Kharadi has captivated the interest of investors, real estate developers, and residents alike. This bustling suburb is home to some of the finest residential spaces Pune has to offer, guaranteeing that you will never regret investing in Kharadi.

      But what makes investing in Kharadi worth every penny?


      The strategic location of Kharadi – in the centre of Pune – means that it is easily accessible from across the city. A bypass road via Kharadi also connects the Pune-Ahmednagar state highway and the Pune-Solapur national highway. The NH-753F also connects Kharadi to Pune Junction (11 km) and Pune Airport (7 km) for easy travel.

      A well-designed road network ensures easy access to prime areas of Pune, including Koregaon Park, Viman Nagar, Kalyani Nagar, Magarpatta, Cyber City, and many more. This, combined with the new Pune Metro connectivity and a robust public transportation infrastructure, makes Kharadi a preferred location for prospective home buyers.

      Social Infrastructure

      Kharadi has been on Pune Municipal Corporation’s development radar for the last several years, resulting in excellent civic infrastructure and road projects. Additionally, Kharadi also offers a well-developed social infrastructure that can support a luxury lifestyle.

      Here are just a few examples of booming social infrastructure in Kharadi:


      Social Infrastructure in Kharadi
      Schools and Educational Institutions
      • Kendriya Vidyalaya
      • Symbiosis
      • Dhole-Patil College of Engineering
      • Oxford World School
      • Phoenix World School
      • Kothari International School
      Retail Hubs
      • Phoenix Marketcity
      • Amanora Mall
      • Seasons Mall
      • In-orbit Mall
      • Columbia Asia Hospital
      • Sneha Specialty Hospital
      • Golden Hospital
      • Kohakade Hospital
      • Manipal Hospital
      • Le Meridien Radisson
      • JW Marriot
      • Grand Hyatt


      IT Hubs and Business Centres

      Kharadi has been recognised as one of the best upcoming micro-markets in Pune. Development of new IT, commercial, and business spaces has also resulted in Kharadi being designated as a Special Economic Zone (SEZ), EON Knowledge Park, and EON Free Zone.

      The notable IT parks in Kharadi include:

      · EON IT Park

      · Kharadi IT Park

      · World Trade Centre

      · Zensar Technologies

      · Cerebrum IT Park

      · Cybercity

      In addition to various MNCs – including TATA, Wipro, Reliance, and Barclays—establishing offices in Kharadi, it is also close to major employment hubs like Magarpatta, Mundhw, and Keshav Nagar.

      Residential Infrastructure

      With its proximity to major employment hubs in Pune and ample social infrastructure, Kharadi has become a residential and rental hotspot. Its strategic location has led to many developers offering a variety of residential options, from simple, affordable homes to luxury apartments. And with many major real estate developers investing in Kharadi, it has the potential to accommodate the influx of population brought on by employment opportunities.

      Upcoming Developments

      Kharadi has a lot to look forward to, including a proposed 43-acre IT Park, the Hadapsar-Kharadi metro corridor, an upgrade of the road infrastructure, and numerous beautification projects.

      On top of these, experts estimate an approximate 12% yearly growth in Kharadi property values, making it a worthwhile investment if you are looking for a high return on your real estate investment.

      So are you ready to call Kharadi your home? Get in touch with the Square team to invest in luxury homes in Kharadi. For more details on this subject, please email hello@squarea.io

      March 13, 2023
      Thinking about Buying Residential Property in Kharadi?

      Pune – the “social capital of Maharashtra” – has attracted many people and inspired them to call the city their home. As the city continues to attract more people, Kharadi has emerged as a prime location to invest in real estate.

      From great connectivity and proximity to IT hubs to elite neighbourhoods, luxury amenities, and a tremendous potential for development, Kharadi is a great location if you want to invest in residential real estate property in Pune.

      With its tremendous development potential, many big real estate developers are making it easier to buy smart and affordable residential property in Kharadi. But the decision to buy the right property to call home is not easy.

      So how can you choose the best property? What are some things you need to know and consider before buying?

      Choose the Right Neighbourhood

      Kharadi is a big area; so, choosing the right area is essential. A property in proximity to educational institutions, IT hubs, or hospitals will always be in high demand. And if you can find the right place that has development potential, you can be at the heart of the next hotspot. Also, note how far the property is from direct traffic. Although neighbourhoods close to major roads offer more connectivity, areas a little further away from direct traffic can make your home more peaceful and clean.

      Research Rates in the Area

      Once you have a neighbourhood in mind, the next thing you need to focus on is researching the real estate and residential property rates in the area. Checking the average rates in the area can give you an idea of the area-wise price and help you determine how it can fit in your budget.

      Almost all big names in real estate development in Pune have a presence in Kharadi. Checking out different developers can help you compare rates with the amenities available. Going for an under-construction property from one of the well-known developers can help you access the amenities you need without stressing your budget.

      Another – almost hidden – thing you must know is the maintenance cost of the property. Buying or building a stand-alone house with a garden or pool will need a lot of care, time, and

      money to maintain. Similarly, bigger townships with luxury amenities will come with high maintenance costs, but will not require you to spend time and effort for maintenance. So be sure to check the maintenance costs and choose a low-maintenance property.

      Stay near Social Infrastructure and Amenities

      Proximity to social infrastructure and amenities like schools, hospitals, public transportation, civic amenities, restaurants, gyms, and grocery stores can make or break your experience of a home. Areas closer to major social infrastructure – like schools or major educational institutions – are generally safer and experience rapid development. This can not only help you sustain and improve your lifestyle but also get a good return on your real estate investment if you decide to sell.

      Understand how Locals Feel

      If possible, be sure to interact with locals and understand their experience living in Kharadi. How are the water supply and drainage systems? Is parking readily available? Can you easily access daily essentials? Is the area secure? These are some of the things only locals can answer accurately. If you cannot ask people living in the area, real estate aggregator sites can give you a pretty good idea about how locals feel about Kharadi – and specific neighbourhoods within.

      Remember, buying a residential real estate property cannot be a hasty decision. You must invest a great deal of effort, time, and money in finding the right property for you. Be sure to consider all the things that will help find the property you will call home.

      If you are looking to buy a luxury residential property in Kharadi, look no further than Squarea. Get in touch with our team to call Kharadi your home. For more details on this subject, please email hello@squarea.io