News roundup: How to deal with illegal property possession in India, and other headlines
For PropertyGuru’s real estate news roundup, we offer tips on how to deal with illegal property possession in India. In other stories, find out how sustainable architecture can help beat climate change’s rising heat in the Philippines, and which Australian state is attracting offshore buyers.
Tips to deal with illegal property possession in India
Among the many cases that pertain to land in India, a large number are related to illegal property possession. Owing to the sheer worth of property, these often become subject to unlawful occupation by unscrupulous persons if left unoccupied or unattended. Such entities also resort to forging legal documents to prove their wrongful ownership over a property. Between flats and plots, the latter are more vulnerable to unlawful possession as it allows wider scope for illegal occupation.
Property owners have to deal not only with outside entities but also keep an eye on their tenants to ensure that their property does not fall prey to any fraudulent activity. Housing.com provides several precautionary measures to avoid this.
Heat index in the Philippines increases: How sustainable architecture can help?
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) has warned the public that the heat index may go beyond 40 degrees Celsius in several areas across the country, according to a report in BluPrint.
One of the causes of the increase in temperature in the Philippines and the world is climate change, which is one of the major problems humanity is facing today. The climate crisis is the result of excessive carbon dioxide (CO2) emissions caused by human activities which release more than natural processes can remove.
Buildings are one of the biggest contributors to CO2 emissions accounting for 40 percent of annual fossil fuel CO2 emissions. Architects and designers must take the challenge to design better to help lower CO2 emissions and shape the future of our world.
The Australian state where offshore buyers are flocking
The number of offshore buyers looking to pick up Australian real estate is increasing, supported by high migration, a lower Australian dollar, and a positive outlook for prices.
Overseas searches to buy on realestate.com.au were at the highest level seen in five years in 2023, signalling a growing interest in Australia’s property market.
Across Australia, there were 17 percent more offshore searches to buy residential real estate in 2023 compared to the 12 months prior, with offshore rent searches up 18 percent over the same period.
But as PropTrack noted, where overseas property seekers are looking to rent is not necessarily where they are looking to buy. When it comes to offshore rental searches, New South Wales dominates, accounting for 33 percent of all searches over the 12 months ending February. In contrast, New South Wales ranked third for buy searches, behind both Victoria and Queensland.
The Property Report editors wrote this article. For more information, email: [email protected].
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