A home in your mouse

Instead of depending on a broker, now you can search for that bit of
real estate with your mouse

Propertymart India
Propertymart India was formed by two leading organisations: Housing Development Finance Corporation Limited and Mahindra Information & Technology Services. Though it boasts of featuring property all over India, at the moment you can look up properties only in the major cities of Bangalore, Mumbai, Chennai and Pune. After you register your, you can use the customised property locator to instantly look up properties available in these cities. The property is classified as buying or leasing and residential or commercial. The site acts as a hub for information, comparative analyses, entering into transactions, and availing of professional services. The FAQ provides a useful guide on the many facets of home buying like budgeting for this major deal, getting loans from housing financial institutions, identifying property, information on documents required and cases where clearance from the income tax department is needed.

Indiahomeseek
This one comes from the financial giant ICICI has tied-up with over 4,000 property dealers in the cities of Mumbai, Pune, Bangalore, and Delhi with Madras, Calcutta and Hyderabad also to be added. If you enter the 'Best deals' section you can locate a house or flat which meets with your requirements. Since ICICI provides home loans you can not only select the home of your choice here but also get the wherewithal to finance it. There is a guide to home loans and details about those provided by ICICI. Yes, you have the facility of applying online for these loans. Other sections provide real estate news, property reviews, legal information, home-buying or selling tips, NRI guidelines and information on Vastu Shashtra.

Indiaproperties
Indiaproperties features separate sections for sellers and landlords, buyers and tenants, brokers and builders, housing finance. Anyone wanting to sell property in any part of India can avail of the listing services here for Rs 500 an item. Listings cover residential, commercial, agricultural and industrial property. If you're looking out to buy, you can use the free search feature to locate your ideal property anywhere in India. Just enter your property requirements and get an instant short list of properties conveniently sorted by city, builder, property Type, area, price range, etc. There are some nifty calculators included here for conversion of measurements, calculating EMIs and the amortisation schedule. The last helps you find out exactly how much principal and how much interest you are going to pay each month on the entire life of your specific loan. It gives you the detailed breakdown of principal, interest and loan balance for each month. There is also a section here which gives specimen legal forms like agreement for sale, transfer deed and power of attorney.

Indian Property Laws
The above site may give you some specimen legal forms, but if you want to delve into all the legalities involved in property transactions then Indian Property Laws is the site for you. The site has been developed by a legal firm with several years of experience in the property market, so you can be quite sure about the authenticity of the information. To start with, the handy check-list for buying and selling of property gives a clear and detailed picture of what is involved in a property deal. Other sections provide information on registration of documents, stamp duty, the running of cooperative societies and the valuation of immovable property. This is mainly a Mumbai-centric site so it contains an add-on of property rates in various areas of Mumbai.

Indian Property Market
A big draw of this site is the lists of links it provides. First, there are the colonisers which consists of some of the biggest names in the building industry. Thus you have the various Raheja companies, Ansal Properties, Evershine Builders, Great Eastern, Hermes Group, Hiranandani Group, Kalpataru Builders, Mittal Group and Tata Housing. Then there are the housing finance companies which include Can Fin Homes, Dewan Housing Finance, Global Housing Finance, HDFC, Home Trust Housing Finance, ICICI Housing Finance, LIC Housing Finance and L& T Finance. To aid you in your search for property are the citi-wise links providing information on real estate in Ahmedabad, Mumbai, Bangalore, Calcutta, Chennai, Hyderabad, New Delhi and Pune. There is a nice stamp duty calculator here, where you just fill in the property value and you get the stamp duty amount.

Contact: Manuel Fernandes

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    Updated 18/June/2000
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