India has a wide variety of property types, each with distinct aspects and implications. This knowledge is essential for both the buyers and sellers of real estate as well as investors. Let us examine the common property units in India and their meaning at Real Estate Dekho an online property management platform where you can list your property to maximize its visibility.
Common Property Units in India
1. Square Feet (sq ft):
– The most widely used unit in measuring residential properties in India. The size of the lot includes walls columns and balconies. Useful for flats, apartments, and individual houses.
2. Square Meter (sq m):
– An international unit of measure that is slowly rising in popularity, especially in metro cities of India. 10.764 square feet approximately one square meter. Commonly found on commercial or industrial property listings.
3. Gunta:
– A traditional land measurement term that is practiced even today; especially in a few states from the Southern part of India such as Andhra Pradesh, Karnataka, Tamil Nadu, and Telangana. The size of guntas varies based on region to region where it’s used as a unit of land measurement. It’s usually associated with the sale/purchase/lease or transfer/use by any other method of agriculture lands /residential plots.
4. Acre:
– Slightly bigger than the area covered by 43,560 sqft makes an acre. It applies to agricultural land, farmhouses among other commercial big projects
5. Hectare:
– Slightly larger than 2 acres or equivalent to 10,000 sqm makes one hectare. Suits well large-scale industrial /agricultural development areas.
6. Bigha:
– Traditional land measures in use at certain places in the northern parts. The size of the bigha fluctuates greatly from one locality to another.
7. Marla:
– A commonly used land measurement unit across some areas of India, such as in Punjab, Haryana, and Delhi. The size of marla will vary concerning area.
Factors Affecting Property Units
There might be various factors for different property units in use; some of them are :
– Region: In India, different geographical region follows different units of measuring lands.
– Type of Property: Different categories like residential, commercial, and agricultural properties might have different units.
– Government Laws: The most loved unit can have a say according to various local government regulations as well as policies.
Why Need to Know Property Units?
“Property Units” should, therefore, in this context be well understood because of reasons relating to correct property valuation, comparison, as well as making proper investment decisions. It should be known by both buyers and sellers of properties because it is from such knowing that the two parties will get into a form of transaction free of misunderstandings.
Note: Measurement, in all property, is a good exercise to get actual measurements, or to convert measurements. For there to be enough information on the same, there should be a real estate professional to advise and guide on this issue.
Knowing the above different types of property units and their meanings, it is much simpler to navigate within the Indian real estate sector; with much confidence.
Role of Real Estate Dekho
Whether single or multi-unit, property management is the key to success. Real Estate Dekho is an online platform for listing your property for you, finding tenants, and making you a huge amount of money. You can sell or buy property through real estate dekho. Make detailed listings and use this platform’s features to best manage your property and make money. Now list your property at Real Estate Dekho today for the best visibility and to find the right tenant or buyer quickly.
Factors Influencing Property Units
There may be several reasons for different property units being employed; they include the following:
· Region: In India, various geographical divisions have their customary units of measuring lands.
· Property Type: Different types of properties such as residential, commercial, and agricultural may utilize different units.
· Government Regulations: The preferred unit can be influenced by local government regulations and policies.
Necessity of Understanding Property Units
The need to understand “Property Units” comes out clearly when it comes to correct property valuation, comparison as well as making investment decisions. It is important for both buyers and sellers to have this knowledge so that they can make informed choices without any misunderstandings taking place between them.
Note: During property transactions, it is important to verify exact measurements or conversions for accurate calculations. Consulting a real estate professional would offer essential advice and guidance on this matter.
Once you understand the different property units and their implications, it will be easier to move confidently within the Indian real estate industry.
Role of an online property management platform – Real estate Dekho
Regardless of the unit, the success of property management depends on proper management. Online platforms like Real Estate Dekho help in listing your property, finding tenants, and maximizing returns. At real estate dekho, you sell or buy property as well. Create a comprehensive listing and make use of the features on the platform to efficiently manage your property and earn money. List your property today on Real Estate Dekho to reach more audiences and find suitable tenants or buyers.
