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Frequently Asked Questions

What is property management?

Property management is a service, provided in the real estate market, to property owners. It involves the management of personal property and physical assets by a professional organization for a client, usually the owner of the property. The range of support and maintenance services offered broadly include: safeguarding a vacant property, Document Verification of a prospective property, buying or selling property across residential, commercial and retail domains. The objective is to assist property owners to get the best value for and highest appreciation on their investment.

 

Why should I hire a property management company to manage my property?

One of the major reasons to use a professional property management company is that they have valuable experience and know how in handling different aspects of property transactions. These areas of expertise include dealing with government authorities, understanding legal processes, identifying and managing labour to name just a few. By entrusting your work to a reliable professional, you save time and effort. You enjoy complete peace of mind while your investment is protected and its value maximised.

 

Why should I choose SecureProp instead of my friends or relative?

In today’s busy world, everyone has their own preoccupations and problems and personal time is precious and hard to come. Expecting relatives or friends to take on the responsibility of managing your property may be unrealistic and unfair. Relatives and Friends may not be technically qualified to execute your requirements.

Advantage of choosing SecureProp instead of friends or relatives:

Asking questions or requesting clarifications may be misinterpreted as some suspicion on your part and may end up losing the relationship. In comparison, clearing doubts with an organization is uncomplicated.

 

Do you provide property related legal services?

Yes. Our legal team can provide a range of services, depending on your needs. You will be charged based on services requested.

 

In which cities do you operate?

Our services are currently available in 4 Cities (Bangalore, Hyderabad, Vijayawada). We plan to offer services pan India in the near future.

 

What is Vigilance and Vacant Land Monitoring?

Vigilance of vacant site is a system of safeguarding your vacant site by ensuring a system wherein a person periodically visits your property to verify the status – whether safe or under threat.

 

How will Vigilance help me safeguard my site?

  1. Regular visits will safeguard your site against encroachments, squatting, misuse etc.
  2. In Layouts other than BDA / KHB, if there are sudden development and change of topography you may not be able to locate/ Identify your site and the same may become untraceable.
  3. Putting up Religious Structures.
  4. UnAuthorized Occupation ( Slum).
  5. If the adjacent site owner develops his property the following disadvantages may arise.
    • Not leaving enough setbacks which will restrict Air and Light.
    • Encroachment into the site – intentional or unintentional.

 

Who can make use of Vigilance Service?

  • Any Individual having Interest/Rights in the property.
  • Any Banks/Financial Institutions/Mortgages etc in whose favour the said property has been mortgaged/Hypothecated.

Comparison Statement showing advantages of using SecureProp over others

Question Self Friend / Relative Employee SecureProp
Cost High Cost(Fuel Expense +Miscellaneous) High Cost(Fuel Expense +Miscellaneous +Obligation) High Cost(Fuel Expense+ Salary ) Very Reasonable Cost.
Time Half a Day in your Week Off lost for every visit. Half a Day in their Week Off lost for every visit. Half a day lost. Not Applicable.
Possibility UnCertain, depends on your free time. UnCertain, depends on their free time. Hard to Monitor. Professionally Done at Regular Intervals.
Periodicity UnCertain,because many other commitments super seed this requirement UnCertain, because many other commitments super seed this requirement Uncertain because he has other regular work on hand. Professional and Dedicated personal on the job, so accountability and periodicity are maintained.

 

How many days once is the visit necessary to the vacant site?

We have our personnel visit the vacant site once in 15 Days.

 

Why is the visit required approximately every 15 Days?

When there is a regular visit, people are aware that somebody is taking care, so they are wary of doing anything illegal. Even if there is any mishap, it is identified in a short period and remedial action can be taken in the initial stages itself.

 

Why is the Name Board required to be installed at the site?

When a professional company is taking care of the site, Touts or Encroachers are wary of doing anything illegal. As the address and contact number of the company are displayed on the board, Touts cannot mislead gullible buyers into buying your site without your knowledge.

 

How much will it Cost me for vigilance per year?

Cost of Vigilance of site is 9.00 INR per Sqft per Year. (Minimum Chargeable Area: 1200 Sqft)
Example: For a 30 x 40 Site the approximate cost will be
Area: 30 x 40 = 1200 Sqft
Therefore Cost = 1200 x 9 = 10,800 INR per Year
One time Cost of RCC Painted Board with installation at Site: 5000 INR
For Areas between 4999 to 10000 Sq Ft rate per Sq Ft is 7.50 INR.
For Areas above 10000 Sqft rate per Sqft is 5.00 INR.

 

What do you mean by tracing of property?

Property/Site having documents (Complete or Incomplete) but cannot be located due to various reasons will be traced by us and the location will be shown to the client.

 

How much will it cost me to trace my property?

Cost for tracing varies on case to case basis based on the availability of Documents / Requirement of Procurement of additional documents from competent authorities to execute tracing of property.

 

What are the Documents needed for tracing the property?

Any registered document of property. Example: Sale Deed, Registered / UnRegistered Will, Family Partition Deed, Grant Certificates, Inam Grant Certificate etc...

 

Who can give a property for Tracing?

  • Any Individual having Interest/Rights in the property.
  • Family Successors.
  • Any Banks/Financial Institutions/Mortgages etc in whose favour the said property has been mortgaged/Hypothecated.

 

If i am not in India how to register the facility?

You can register online by providing your details and credit the amount our bank account. Here are our bank details:

Indian Overseas Bank
A/c Name: SecureProp
A/c No: 067702000011697
IFSC Code: IOBA0000677
Branch: East End Main Road, Bangalore