Property

pramalkumarsamanta By pramalkumarsamanta, 24th Jun 2015 | Follow this author | RSS Feed | Short URL http://nut.bz/1cen9kz-/
Posted in Wikinut>Money>Property

Property is an asset generally created by everyone. But the creation of asset is a lengthy process of plan of action with a clear brain and mind .. Everybody tries to create an asset with its own resources but can not reach the goal due to faulty planning. They should have mental strength and courage to complete the task.

Introduction.

Property is a piece of land where you can construct your house according to plan and estimates to be sanctioned by the competent authorities of the Municipal Corporation in a city or the municipal authorities in the towns or the Gram panchayat in the villages. First you have to purchase a piece of land. and get it registered through local registration office. Unless it is registered ,you can not claim its title and possession. Next you have to draw up a plan and estimates with the help of an architecture. and submit it before the competent authorities for its sanction. After it is sanctioned, you have to engage a contractor for the construction of the building under your strict supervision. It is a day t o day task to monitor the progress of the construction work . If you do not supervise , the cost of construction will go up and may exceed the estimate. If a contractor is engaged to construct the building , you have to asses the quality of work done by the building construction workers.You have to verify the quality of the building construction materials by another independent agency so that the materials are up to the standard and good. The building is constructed according to the plan and estimates. The roof casting is another important item which needs constant supervision. If the building plan is G+ 2, you should have a fair idea of the plan. You have a fair idea of the quality of bricks ,sand,stone chips , cement and the steel rods which are essential for the construction of building. At long last the infrastructure is built . The electrical fittings wooden ,doors and windows are suitably fitted in the building. It may take six months to finish the task. The entire building should be color painted so that the building looks nice

Importance of property.

Once the building is constructed . you start living with your family . The building is yours . This is your own property. Nobody can interfere you . Here lies the importance of holding property in the locality. You are no longer a tenant of a house owner. It is better to hold more than one building or flat in one single name because the property is an asset and can be utilized in evil days . If not , the flat or the building can be sublet for hiring against a market rent. This is highly profitable venture and earn money as a saving.
If fund permits, it is really profitable if you purchase a good quantum of agricultural lands and arrange for its cultivation . You may set up a farm house. and cultivate the seasonal crops and green vegetables in your farm house. This is the real happiness you can enjoy in your entire life.

Conclusion.

It is our lifetime achievement if we can purchase a piece of land and the dwelling units thereon or one or two flats in the city in our life It is our luxurious thought if we try to buy an acre of agricultural lands or a part of it, for the production of agricultural crops or green vegetables in the village. In spite of best efforts , many could not buy a piece of land or a flat to secure as a property.

Tags

Architecture, Contractor, Farm House, Luxurious Thought, Property, Registration Office, Roof Casting

Meet the author

author avatar pramalkumarsamanta
I am a retired government officer.I am a postgraduate in life sciences, I have a passion for writing on any topic.

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Comments

author avatar Sivaramakrishnan A
1st Jul 2015 (#)

Nowadays one can grow vegetables, flowers etc even in apartments. That gives satisfaction and also meets essential needs for cooking etc.

It is better to have a roof over our heads in own name when we retire - siva

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author avatar pramalkumarsamanta
1st Jul 2015 (#)

Thanks for excellent remarks.

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