5 Things An NRI Should Keep In Mind While Making A Will

There is a certain way in which one would like one’s wealth to be distributed. This makes it important for all of us who have the privilege to own assets of any kind to create a Will. However, for certain people, it is even more important to create a Will. Non-Resident Indians (NRIs) are one such kind. Considering your assets are located in different nations and across investment options, Will creation would mean you are creating for yourself a database of all your properties in one place.

At the same time, you are also foretelling the manner in which they are to be divided after you. In the event of an NRI dying without creating a Will, his inheritors might not even be aware of the wealth possessed by the deceased. All these reasons make it mandatory for NRIs to create a will. Before you do that, here are certain points that you like to consider:

1. You do not need to create multiple Wills because your materials assets are spread across countries. A single Will suffice created keeping in mind the local law applying to different properties in different countries will do. However, there is an exception to this rule. In case you own a property in the United Arab Emirates, you will have to create a separate Will document and register it with the Dubai International Financial Centre. For clarity’s sake, you could, however, go for creating separate Wills for assets in different countries.

2. Your Will must be drafted keeping in mind the succession law that applies to you according to your religion. While the Hindu Succession Act covers people from Hinduism, Sikhism, Jainism and Buddhism, succession laws for Muslims and Christians are different.

3. Registering your Will is not a must. It would be valid even otherwise. However, to ward off any legal complexities in the future, one must register it. In case you are registering your Will in a country where you now live, approach the local embassy to do so.

4. It is your personal choice how you want to distribute your wealth after you are gone. You may, by and large, be aware of the legal aspects of this, too. However, it would be the best to take assistance from experts when you are creating a Will. Since your assets are located in different countries there might arise certain complexities in the matter you might be aware of. Also be mindful of the fact that errors in your Will would lead to legal hassles for your successors.

5. While creating a Will at an early stage is part of sound financial planning, it is also advisable to review your Will from time to time. As you keep adding more assets, it should reflect in your Will. In case changes have to be made in the documents, you will have to revoke your previous Will and register the new one all over again.

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Cupboard Designs For Small Bedrooms To Maximise Storage And Style

 A little extra never harms! These cupboard designs for small bedrooms ensure extra storage space and lend your compact room an organised and spacious feel.

Storage is the foremost thing to consider while designing your home from scratch or even renovating. Especially when you are designing your small bedroom, storage becomes a daunting task. However, it is not impossible. With innovative thinking and professional assistance, you can achieve a cupboard design that fits your bedroom layout excellently and provides enough space to store all your stuff. Today, we are discussing some brilliant ideas for a cupboard design for small bedrooms that will help you overcome the storage trouble and lend your boudoir an organised and stylish feel.

Cupboard Designs for Small Bedrooms

Balancing style with functionality is the key while designing a small bedroom space. Below are some practical cupboard designs for small bedrooms you would fall in love with:

1: The Grey and Gold Glam with Ample Storage

Your compact bedroom space can look ultra-modern and have ample storage space with a floor-to-ceiling cupboard. Install wooden cupboard design and paint it all grey along with golden handles to lend it a subtle yet glamorous twist. Paint the accent wall of your bedroom in the same colour and keep all things neutral for an elegant look.

2: Beige Wardrobe with a Mirror Panel and Glossy Finish

Design a floor-to-ceiling wardrobe on the side wall of your bedroom that ensures ample storage space for your clothes, footwear, accessories and travel bags. Layer it with a beige high gloss laminate sheet to add a contemporary feel to the decor. Install a mirror panel in the middle to make your room look open and spacious.

3: The White Plush of Cupboard Design with Dressing Table

Make the best use of every inch of your small bedroom space with a floor-to-ceiling wardrobe in front of the bed. The white paint over the wooden cupboard and the black handles perfectly complement the white bedding. Complete this wardrobe design with a pastel pink dressing area on the right and layer the mirror with recessed lights to create a dreamy setting in the room.

4: Multi-Functional Wardrobe with Mirror Doors

Multi-functional furniture pieces make a small home look organised and stylish. Design your compact bedroom space with a cupboard featuring a mirror sliding door. Install a walk-in closet section on the right of this cupboard where you can hang and display your treasured clothing collection. The full-length mirror on the wardrobe door acts as a dressing mirror and makes your room look bigger and brighter.

5: Behind-the-Bed Fitted Cupboard Design

The stylish behind-the-bed cupboard design is not limited to large bedroom spaces. Your small bedroom can also look spacious and beautiful with customised furniture. Install a fitted cupboard design all along the wall behind your bed with several sections serving your storage purpose. Paint the wardrobe in the same finish as the bed and its headboard for a uniform look.

6: Install Fitted Wardrobe into the Wall with Sliding Doors

Wardrobes with sliding doors are trending in modern homes. If you have a compact bedroom space, the wardrobe with sliding doors will make an ideal choice for you. Install a fitted wooden wardrobe into the wall and fix it with sliding doors with a full-length mirror. Sliding doors will leave ample space for you to move and save your bedroom from looking congested and cluttered.

7: Wardrobe Across the Bathroom Door

Utilise every inch of your small bedroom innovatively, and you can turn it into a luxury space. A cupboard design fitted across the bathroom door is a unique storage solution for compact bedrooms. This floor-to-ceiling cupboard design with a vanity unit offers ample space to store all your stuff. Paint it in a combination of light and dark wood finish to achieve a contemporary look.

8: Wardrobe with a Work Desk Serves Two Purposes

A work desk attached to your wardrobe is a practical and modish addition to your bedroom. Upgrade the functionality of your compact space with the inclusion of a floor-to-ceiling wardrobe that has a work desk attached to it. Install various sections as per your requirement and paint the cupboard in a combination of white and brown for a rich, contemporary look.

Cupboard Design For Bedrooms: Stylish Finishes

Veneer Finish Cupboard Design

In addition to being one of the most affordable solutions for finishing your closet, a veneer is the most prefered material because it can imitate the cosy feel of genuine wood. You may use it to match the decor of your space because it is created from thin sheets of natural wood and has a range of designs. For example, a light-coloured veneer will look great in a Scandinavian-style home. A deeper colour may work better in a traditional home. Additionally, this material requires routine polishing for maintenance.

Laminate Finish Cupboard Design

Due to its wide variety of colours and textures, laminate is quite popular. They are available in matte and glossy finishes. While laminates offer benefits such being scratch-resistant and simple to clean, their brittleness prevents them from being durable. The entire sheet has to be replaced once a section chips off.

PVC Foil Finish Cupboard Design

To create a beautiful coating on the surface, PVC foils are pressed into an MDF board. They have the benefit of being available in several coatings, such as semi-gloss and scratch-resistant.

Lacquer or Polyurethane paint Finish

Another alternative is to paint your cabinets' surfaces with lacquered or polyurethane paint. These paints have a nice shine and come in various colours. They require minimum upkeep.

Mirror Finish Cupboard Design

Mirrors reflect light and provide the impression that the room is more significant than it is. They are particularly well suited for covering the surfaces of cabinets and wardrobes in small spaces.

Glass Finish Cupboard Design

Installing glass on the surface of the wardrobe is a stylish design choice that gives the space a feeling of lightness. Among other variations, glass can be found in transparent, opaque, printed, frosted, and stained forms. You may select the kind that best matches the decor based on the design style of the area. Make sure everything inside your cupboards is organised if you utilise transparent glass. The mess will be visible otherwise.

Opaque or Coloured Glass Finish

For a contemporary wardrobe, coloured or opaque glass is a more practical alternative to plain glass. The colours may be matched to the room's colour scheme. The material also reflects light, enhancing the room's brightness and airiness.

Solid wood Finish Cupboard Design

Nothing beats the warmth of wood. Solid wood adds a charming element and is quite versatile. It suits the theme of any room, whether it's modern, country-style or rustic. Although wood is more expensive than other materials, it is highly durable. You will have to use just a coat of polish to look as good as new.

Metal Finish Cupboard Design

Brushed metal has been in the Indian households since long, just as old iron almirahs. While they might not match the decor in a modern home, they will be the perfect addition to an industrial-style room.

Stainless Steel Finish Cupboard Design

Stainless steel is a popular element used for kitchen cabinets, bringing a minimalist and modern touch to your bedroom space. It has a reflective surface, which is easy to maintain and enhances the spaciousness of any area.

Summing Up Cupboard Design For Small Bedrooms

Cupboards are any bedroom's necessity. They not only keep your clothes and other stuff organised but also keep the rooms clutter-free. Cupboards also give the decor of your rooms a systematic look, making the space more efficient. Today there is a plethora of modern and innovative cupboard designs for bedrooms.

You can take inspiration from the above ideas to organise your bedroom space systematically if you intend to give it a makeover or make a new one. You may also seek expert assistance with the design of your bedroom's cabinets.

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Tips And Tricks For Buying Your Dream Home In Thane

Buying a home is one of the most essential financial decisions you’ll make, as well as one of the most exciting experiences you will have in your life. Buying your dream property in Thane isn’t difficult, however, there are a few things to keep in mind. In the following post, we’ll go over some of the things to think about.

In any case, purchasing a 2 BHK flat in Thane on a single salary can be difficult and intimidating for some people. Even when you’re buying a home, homeownership on a single wage is very much possible with little financial awareness.

So, Are you looking to buy a flat in thane?

Here Are Some Points to Consider Before You Begin:

Financial Planning

Assessing your present financial responsibilities, such as previous loans, insurance amounts. And so on, is the first step toward good financial planning for your dream home. This will provide you with an accurate view of your genuine earnings. Your budget will be controlled by the quantity of EMI you can afford to cover and your monthly costs. In addition, when finalizing your budget and loan amount, you should account for hidden costs such as registrations, stamp duty, and maintenance.

Once you’ve agreed on a loan amount, determine what you’ll be able to put down as a down payment. They typically vary from 15% to 20% of the value of the property and give the bank confidence in your credibility. You could also choose to take out a loan with no down payment, but your regular EMIs will rise as a result.

How to Improve Your Credit Score

This is very important in your credit application. When you apply for a loan, the lender will check your credit rating because it is a great predictor of the individual’s credit quality. Before applying for a loan, check your credit score with any of the credit agencies such as CIBIL, Experian, and others to confirm that it is in the good range.

Make a plan for one down payment in your budget

The government of India teams allows for an 80% mortgage, which means you’ll have had to pay 20% upfront in your home. You should start saving as quickly as possible if you want to buy your ideal home. However, even a 20% saving is significant and not always possible. Additional possibilities for getting a down payment on a home loan for new projects in Thane do exist, although.

Have you recently purchased any high-priced items and signed up for Amazon prime video? Trying to keep track of your income and expenditure can help you in a greater understanding of your financial plan. Thus, rather than paying for just a gym membership, one can either avoid all those needless costs and achieve cost-cutting success, or you can locate alternate sources for your needs, such as: If you spend too much money purchasing meals online, try to reduce it by cooking at home and working out at home. It is the most effective way to save for a down payment on a 2 bhk flat in thane. And it is necessary to practice financial discipline.

Go for The most Suitable EMI Plan for You

This may be the most important thing to consider when applying for a home loan on a single salary. Calculate how much you’ll be able to pay each month on your home loan. Your property loan should not exceed 40% of your net income to maintain your household functioning properly. Try increasing your EMI to acquire a shorter loan term if you have extra money aside from your monthly salary. Also, keep in mind that the best duration for a home mortgage is 15-20 years.

Changes in home loan policies, mortgage rate volatility and government relief are all things to monitor. You’ll have had to pay EMIs monthly, which is likely to be much greater than your current rent. Hence, are using an online EMI calculator to decide how much money you’ll have to set away each month to pay back the mortgage. If people educate themselves on what is a good fit for themselves, they can get a 2 BHK flat in Thane.

Invest in an Insurance Policy plan

You and your family will require financial insurance to cover your debt in the event of unemployment, injury, or death. Premium plans are available for both short and long durations to safeguard single-income investments from unforeseeable occurrences that could result in non-payment.

Getting insurance coverage for your 2 BHK apartment is usually a good choice. Because you and your family may require financial protection in the event that you lose your job, have an accident, or die suddenly, your loan may be covered in Thane. You can choose from short-term and long-term premium plans that safeguard you from unforeseen events.

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NOCs You Need To Buy A Flat In A Housing Society

 It would be wrong to assume housing societies are preferred by buyers only in big cities where space is premium and buying an independent residence might not be an option. Even in Tier-II cities of India, group housing is gaining popularity for the benefits it offers homebuyers that are otherwise not available. For one, living in a housing society means there is round-the-clock security service available for your benefit—in an independent home, you will have to pay a bomb to be able to do that. There are so many other pressing arguments that could be made in favour of investing in housing society flats. Those who have already formed an opinion in favour of society flats and are eager to invest, must now note that they would need to acquire a number of NOCs, the short form used for no-objection certificates, to buy such a property.

Let us have a look at those documents.

One of the many benefits of living in a housing society is that you get to enjoy a great number of amenities there. However, to provide those amenities to you, the developer needs to acquire several NOCs himself—from the construction stage to the handover-phase, builders have to get at least 50 approvals from various government agencies. If your developer does not have an NOC from the electricity department, for instance, he would have to largely depend on private sources to supply power. The same is true of water, too. While all these things could be privately managed, they would shoot up the bill for the developer who would pass it on to you in the form of hiked maintenance charge. Make sure your developer has all the approvals in place and there are no ongoing issues between him and any government departments.

About under-construction property

In case of an under-construction property, an NOC must also be taken from the banks that are the financers of the project. This would ensure they will not be able to challenge the sale in future. In light of several recent developments where builders have gone insolvent and banks are dragging them to the court to recover money, this becomes an all-important document. In case of any future trouble between the two parties, this document would safeguard your interest as the buyer.

Importance of RWA

The law makes it mandatory for the housing societies to form a residents’ welfare association. These legal bodies enjoy great power in terms of sale and purchase of property. As a home buyer, you will also need to get some NOCs from these bodies as well. In case you are buying a resale property, an NOC by the RWA is required, saying it does not object to the ownership transfer. In case you are taking a home loan, the bank would demand this document before sanctioning the loan.

Secondary market

The case of a resale flat where the seller is still servicing a mortgage, his bank would have to issue an NOC that all dues with it have been cleared.

So, these all were the important NOC's that you need to buy a flat in a housing society

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Understanding Legal Importance Of 7/12 Extract Document

 There are a number of documents required to buy a property in India to ensure if the asset bought is legally free of any claims and litigations. One of such documents required for the purchase of the property in Maharashtra is 7/12 extract. This is an important piece of paper required when the buyer is investing in plots in the rural or semi-rural areas of the state. Since the state has scrapped the usage of this document in the urban areas of Maharashtra including suburban areas of Mumbai, the document holds importance only in those locations where land plots do not have city survey number.

What Is 7/12 Extract Document?

The 7/12 extract is an information document prescribing details about a specific piece of land such as survey number, area, date and more particulars about the existing owner's name. This extract is a combination of two forms. Form 7 talks about the details of the land owners and his rights while Form 12 lists specifics about the land type and usage. 'Saat-Baara-Utara' is the regional term for 7/12 Extract Document in Maharashtra. The document is maintained by the revenue department of the state for tax collection purpose. The extract is issued by the Tehsildar or the concerned land authority. Buyer can get the copy of the document after paying the official fee or file petition under Right to Information Act to get the copy.

Why Is 7/12 Extract Important?

7/12 extract Documents is an important indicator of the legal status of the plot. It is used for finding information about the ancestral information of any particular land. Past disputes, litigation, court orders etc, that could affect the land ownership or its legal stature can be found in this piece of document. Apart from this, 7/12 Extract is a record of all the activities done on the land in the past. It is important to document so as to identify the land to establish the exact location along with its physical nature. For agricultural land, the extract also keeps a record of the crops that were last grown on the land.

“The land title document (7/12 extract) in one's name, is very important and it is widely used in rural and semi-rural areas, for identifying owners, for sanctioning of agriculture and non-agricultural loans, etc. These documents are available (in digital format) online now,” says Maharashtra revenue minister, Chandrakant Patil.

How To Get 7/12 Extract Online?

This document can be derived from the Tehsildar's office which has jurisdiction over the city where the land is location. You can obtain the extract for the desired tenure. Alternatively, you can obtain the 7/12 document online by following these steps-

1. Visit Maharashtra government's website.


2. Select the division, district, Taluk and village name from the list given on the website.


3. You can search the extract by feeding in any of the following details:-

* Survey Number/Group Number of the property.
* First Name of the Owner.
* Ancestral Owner of the Property.
* Last Name of the Owner.
* Full Name of the Owner.
* Click on Find Out and View 7/12 Extract.

Land owners would be able to print 7/12 land record receipts online with digital signature that would ensure authenticity.

Can You Transfer The Title In 7/12 Extracts?

Industry experts say that 7/12 Extract is a land record for tax collection purpose and can be produced as a proof to show the possession rights of the land. But, the document is not a proof of an established title. Therefore, one cannot transfer the title on the basis of 7/12 as it does not act as a proof of ownership.

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Everything Homebuyers Need To Know About RERA

 Although the Real Estate Law has been a hit among the buyer community, objections and clarifications are also doing the rounds. Much of this is also because the state-level regulators would come into play and in each state, byelaws might be slightly different.

So, how would the Real Estate (Regulation & Development) Act, 2016, serve homebuyers? Here's a one-stop guide for homebuyers like you:

What are the rights and duties of the buyer?

Section 19 of the real estate Act says that a homebuyer will be:

• Entitled to obtain the information relating to sanctioned plans, layout plans along with the specifications, approved by the competent authority and such other information.


• Entitled to know stage-wise time schedule of completion of the project, including the provisions for water, sanitation, electricity and other amenities.


• Entitled to claim the possession of apartment, plot or building.


• Association of allottees will be entitled to claim the possession of the common areas.


• Entitled to claim the refund of amount paid along with interest at such rate as may be prescribed and compensation in the manner as provided under the Act.


• Entitled to have the necessary documents and plans, including that of common areas, after handing over the physical possession of the unit.


• Responsible for making necessary payments as specified in the sale agreement at the proper time and place. They will also have to pay their share of the registration charges, municipal taxes, water and electricity charges, maintenance charges, ground rent, and other charges.


• Responsible for mandatorily participating in the formation of an association or society or cooperative society of allottees.


• Liable to pay interest as prescribed. The interest may be reduced if mutually agreed by promoter and allottee.


• Take possession of the unit within two months of receiving the occupancy certificate.


• Responsible for participate in registration of the conveyance deed.

Note: You can demand penalty from developer if the project has been delayed under the provisions of this Act.

How to file a complaint?

• Association of allottees or any voluntary consumer association registered under any law can approach the Real Estate Regulatory Authority or the adjudicating officer to file a complaint.


• The fees would be decided by the authority.


• The authority may direct that specific matters or issues be heard and decided by a single Bench of either the chairperson or any member of the authority.


• The authority will appoint an adjudicating officer for holding an inquiry in the prescribed manner, after giving any person concerned a reasonable opportunity of being heard.


• The application for adjudging compensation will be dealt by the adjudicating officer as expeditiously as possible. The case has to be settled within 60 days from the date of receipt of the application.

When does a buyer become a defaulter?

Violation of authority orders:

Any violation of the provisions of the Act warrants a penalty. The penalty for the period during which such default continues may cumulatively extend up to five per cent of the plot, apartment or building cost as determined by your respective state authority.

Violation of Appellate Tribunal orders:

Homebuyers would be liable to a penalty for every day of default, which may cumulative extend up to 10 per cent of the cost of the plot/apartment or with imprisonment for up to one year, or both.

Can an offence which provides for imprisonment be compounded?

If a person is awarded imprisonment under the Act, it may be compounded if authorities decide to do so. In addition, the fine payable in lieu of imprisonment needs cannot be more than the highest limit of fine payable for that offence.

Money-wise

Where is your money going when you pay fees/penalties?

Penalties recovered under the Act are to be deposited in the Consolidated Fund of India (in case of the authority established by the Central government) and in the state account (in case of the authority established by states). However, grants received by the authority will be credited to the Real Estate Regulatory Fund.

What happens if your previous builder-buyer agreement violated the provisions of the current Act?

The agreement provisions would be followed if it is not in direct violation. However, both developers and buyers will have to follow the new rules. The rate of interest for violations would be the same as prescribed in the new Act for both parties.

When should you pay for the unit?

Much depends upon the builder-buyer agreement. However, do note that promoters cannot ask you for more than 10 per cent of the project cost before property registration.

What if the project you invested in is delayed?

All ongoing projects would come under the ambit of the new law. However, developers of delayed projects would be given one more chance to set a reasonable timeline to complete the delivery. If the promoter fails to do it yet again, he will have to pay the penalties as directed under the law.

Who is the 'promoter' as per the Real Estate Law?

The Act covers all private and public bodies that develop real estate projects for sale. Therefore, the development authorities and housing boards are also in its fold. It also mentions, “where the person who constructs or converts a building into apartments or develops a plot for sale and the person who sells apartments or plots are different persons, both shall be deemed to be the promoters and shall be jointly liable as such for the functions and responsibilities specified, under this Act or the rules and regulations made thereunder”. Therefore, it stands true in cases where a joint development is in question.

If the 'promoter' or 'allottee' defaults, what is the rate of payment payable?

Rate of interest payable by either the promoter or allottee is the same. It has to be specified by the appropriate government in the rules.

What if the Regulatory Authority does not respond?

Section 5 of the Act provides that the Authority has to decide on the application within 30 days of its receipt. It further provides that in case the Authority fails to take a decision within the said period of 30 days, the project shall be deemed to be registered.

What is the 'escrow account' and 'separate account'?

Section 4(2)(l)(D) provides that the promoter shall maintain a 'separate account' for every project undertaken by him wherein seventy percent of the money received from the allottees shall be deposited for the purposes of land purchase and construction. The account has to be self-maintained and is not an escrow account requiring the approval of the Authority for withdrawal. Section 4(2)(l)(D) clearly provides that the funds can only be used for construction and land cost.

When can the promoter withdraw the money from the separate account?

The promoter is required to withdraw the amounts from the separate account, to cover the cost of the project, in proportion to the percentage of completion of the project. In addition, the promoter is permitted to withdraw from the separate account after it is certified by an engineer, an architect and a chartered accountant in practice that the withdrawal is in proportion to the percentage of completion of the project.

Who else is under the purview?

Section 2(zm) defines the term 'real estate agents', which is a very broad and inclusive definition and covers all from of agencies involved in sale and purchase of projects, registered under the Act. Consequently, web-portals etc. engaged in selling plots or apartments are also covered under the Act and are required to comply with the duties and responsibilities as provided therein including under the Rules and Regulations made thereunder.

What is the obligation of the promoter as regards insurance of real estate project?

The promoter is required to seek an insurance of the real estate project towards title of the land and towards construction of the project. This provision shall only come into effect after and in the manner as may be notified by the appropriate government.

Are the civil courts and consumer forums barred from entertaining disputes under the Act?

As per section 79 of the Act civil courts are barred from entertaining disputes (suits or proceedings) in respect of matters which the Authority or the adjudicating officer or the Appellate Tribunal is empowered under the Act to determine. However, the consumer forums (National, State or District) have not been barred from the ambit of the Act. Section 71 proviso permits the complainant to withdraw his complaint as regards matters under sections 12, 14, 18 and 19, from the consumer forum and file it with the adjudicating officer appointed under the Act.

What is the punishment prescribed for non-compliance of the orders of the Appellate Tribunal by the promoter?

As per section 64 if the promoter fails to comply with the orders of the Appellate Tribunal, he shall be liable to a penalty for every day of default, which may cumulative extend up to ten percent of the estimated cost of the real estate project or with imprisonment for a term which may extend up to three years or with both.

What is the punishment prescribed for non-compliance of the orders of the Appellate Tribunal by the allottee?

As per section 68, if the allottee fails to comply with the orders of the Appellate Tribunal, he shall be liable to a penalty for every day of default, which may cumulative extend up to ten percent of the cost of the plot/apartment or with imprisonment for a term which may extend up to one year or with both.

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Why Is Property Valuation Important

 Property surveys may not be legally required but in order to do a due dilligence, they are a must. Most surveyors will do a property valuation for income tax purposes, capital tax calculations, wealth tax, rent and depreciation, property transfer, bank guarantees, auction, stamp duty, acquisition by the authorities, will and testament, home loans, division of property, etc.

When should you go for property surveys/valuation?

There is no law that states you should get your property evaluated by a professional before you sell/purchase it. This is more of a precautionary measure, to be safe than sorry in future. Customers often use professional help for a property evaluation, to sort out income tax-related matters. The same is also done before renting, bank guarantees, auctioning, stamp duty payment, acquisition by the authorities, preparing will and testament, availing of home loans, division of property, etc.

Who is a valuer?

A valuer is someone with a professional degree and a licence from the Institution of Valuers. These law-recognised valuers get licences from the state body before they start their practice. While a property brokers helps you understand the pulse of the market; those facts could be questioned. An approved valuer does everything on paper, citing facts. This document helps you deal with banks, solicitors and investors, etc.

How does property valuation help?

What is the value of the land or building? Are there any improvements that can help you increase the value of your property? These are some of the aspects that valuers help you decide. You would also get a certificate, validating the worth of your property (and other assets) admissible in a court of law.

What do I have to pay for a property valuation?

There is no standard pricing for valuations. Depending upon the exact location, size, kind of property as well as the kind of certificate/document you require (short-form or long- form), the pricing may vary. Do note that usually, valuation services are tax deductible. However, even if it isn’t, the cost is far too less when compared to what you are getting in the form of an established fair price of the property.

Is property valuation a smart move?

In case you are a seller, a legal piece of document certifying the true worth of the property would be of great help. The buyer could in no way accuse you of overvaluation, and this also ends the scope for bargaining. Your property valuer could also tell you ways in which you could add value to your existing property. A tax depreciation schedule from a valuer can also help you minimise your tax burden. From a buyer’s perspective, valuations help them understand the risk profile of a said property. They can make a sound investment on the basis of such information.

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Creative Ways to Make Your Home Feel Wide and Bright

 If you feel that the walls of your house are closing in on you, then it is about time you start thinking of redoing the house. It not always possible to break down walls and add an extension to your home. It is a costly and time-consuming affair. If you want to make your home feel brighter and spacious, then you have reached the right place. Here we share a few smart hacks to make your house look bigger and better.

1. Try multipurpose coffee tables

Avoid squeezing over seating in the room. Adding large sofas can make your room look smaller. Instead, you can use compact coffee tables. These coffee tables are handy, stylish and can be rearranged easily.

2. Hang a mirror

A mirror is the easiest thing to use to make a space look wider and larger. It not only creates a visual illusion; it also reflects more light in the room. You should frame the mirror and match it with the decor in the room.

3. Replace doors with glass

A door closes one room from another. That is precisely the purpose, but you can think of replacing a wooden door with glass. Glass doors help create depth in a room. You can also replace the shelves with glass which can help you to organize things.

4. Place furniture outwards

Instead of placing all your furniture closer to the walls, you can pull it forward.

5. Add a chaise lounge or floating cabinetry

There are many luxury apartments in Thane, which have open floor plans. You can add an L shaped sofa to separate the living area and the dining area. A wall-mounted console can also help give the room a floating effect.

6. Keep the colours light

The darker shade of colours makes the rooms look small. To make a room look spacious, you can use whites and such lighter shades. Monochromatic tones can make a room look large.

7. Use oversized art

Instead of having smaller paintings, you can have one larger than life painting on the wall. Try and hang it at the eye level. It makes the room appear larger. Art provides a chic feel to luxury homes.

8. Introduce vertical playing spaces

Vertical activity stations for painting or puzzles is one good way to keeps the kid’s space cleaner and also make the room look big.

9. Use foldable furniture

Foldable furniture helps save more space in the room when the furniture is not in use. This enables you to use the temporary area.

10. Pocket Doors

Instead of a standard door, a pocket door slides along a track. This takes up less floor space. This also causes less obstruction as the doors open outwardly.

Avoid the hassle of breaking down the walls and use these hacks instead. Finding a luxury house in Thane is no more difficult. There is no such thing as a space crunch if you use the above tips to make your home look larger. Owing to different areas in Thane, you can use the above hacks and tips to make your luxury house look more spacious.

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