Buying Real Estate in India Chillibreeze Business Research Team

The Backdrop… Emerging markets like India and China have become the new investment hotspots The real estate markets in Europe and North America having reached their maturity Global hedge funds operating in the Indian property markets include Och-Ziff Capital, New Vernon Capital, Farallon Capital Management, Marathon Realty, DE Shaw and Tiger Global http://www.indianrealtynews.com/wp-content/uploads/2006/12/tidelpark.jpg Software technology parks are dotting the landscape of all major Indian cities

Emerging markets like India and China have become the new investment hotspots

The real estate markets in Europe and North America having reached their maturity

Global hedge funds operating in the Indian property markets include Och-Ziff Capital, New Vernon Capital, Farallon Capital Management, Marathon Realty, DE Shaw and Tiger Global

Where to Invest? Top Real Estate Investment Corridors in India Best cities to for real estate investments: Overall Best: Delhi, Greater Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Pune and Ahmedabad Good Quality of Life: Panaji, Chandigarh, Pune and Ahmedabad New and Promising: Chandigarh, Jaipur, Ludhiana, Indore, Kochi, Bhubaneswar, Nagpur, Vadodara, Vishakaptanam, Kochi and Surat Source: India Real Estate Investment Report, 2007, Cushman & Wakefield State Prime Cities Corridor Maharastra Pune, Mumbai Hinjewadi, Panvel, Virar, Thane, Chakan, Kharadi, Rajarhat Haryana Gurgaon, New Delhi, NCR Manesar Tamil Nadu Chennai GST, Sriperumbudur Andhra Pradesh Hyderabad Shamshabad, Kokapet Karnataka Bangalore Devanhalli, Bidadi, Tumkur Road Uttar Pradesh New Delhi, NCR Greater Noida

Best cities to for real estate investments:

Overall Best: Delhi, Greater Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Pune and Ahmedabad

Good Quality of Life: Panaji, Chandigarh, Pune and Ahmedabad

New and Promising: Chandigarh, Jaipur, Ludhiana, Indore, Kochi, Bhubaneswar, Nagpur, Vadodara, Vishakaptanam, Kochi and Surat

Indicative Document Checklist When purchasing land Title Deed : an investigation into the title of the property for the last 30 years – to make sure it is unencumbered. Lawyers and financial institutions help in cross verification Urban Land Ceiling & Regulation Act (ULC) Clearance Certificate , if applicable 7/12 extract (Property card extract): obtained from the Tehsildar or related governing authority. It contains details such as the Survey numbers, area, date from which the current owner's names were registered as owners Index II: mentions the names of the sellers & purchasers of a property for which the document is registered Search report & Title certificate: from advocate, certifying that property titles are clear Conversion certificate : applicable for purchase of agricultural land, if there is a land use change to happen post purchase NOC on valuation: NOC from the Income tax department for land deals above certain values. The values are defined for various cities. Known as 37 (I) clearance Sale Deed: The final Sale Deed should be stamped and registered at the appropriate local area office. Both, the developer/seller and the purchaser need to be present at the sub-registrars office for registering the agreement

When purchasing land

Title Deed : an investigation into the title of the property for the last 30 years – to make sure it is unencumbered. Lawyers and financial institutions help in cross verification

Urban Land Ceiling & Regulation Act (ULC) Clearance Certificate , if applicable

7/12 extract (Property card extract): obtained from the Tehsildar or related governing authority. It contains details such as the Survey numbers, area, date from which the current owner's names were registered as owners

Index II: mentions the names of the sellers & purchasers of a property for which the document is registered

Search report & Title certificate: from advocate, certifying that property titles are clear

Conversion certificate : applicable for purchase of agricultural land, if there is a land use change to happen post purchase

NOC on valuation: NOC from the Income tax department for land deals above certain values. The values are defined for various cities. Known as 37 (I) clearance

Sale Deed: The final Sale Deed should be stamped and registered at the appropriate local area office. Both, the developer/seller and the purchaser need to be present at the sub-registrars office for registering the agreement

To read more, visit http://www.india-reports.com/summary/realestate.aspx To read more, visit To read more, visit

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