Can landlords ask to vacate property in 10-day notice?

Magicbricks Moderator says: User queries are becoming increasingly popular with our surfers. This time we present a student's query. 

"Hi, 

I am a student from Bangalore. I live with three other friends in a 2 BHK flat. One more friend wants to join us here. The problem is that the landlord is objecting to this. He argues that he had rented the flat to four persons. He does not want to accommodate more tenants in this flat. However there is no document to prove his point. Now he has asked us to vacate the place in just 10 day notice.
 

- Is his objection valid?

- Can the landlord decide the number of tenants?

- Can he throw us out in 10 days?

Please help.”

Magicbricks launches The Earth Initiative

Magicbricks Moderator says: Magicbricks launches ‘The Earth Initiative’ as part of its commitment to the green cause. Earlier, we had organised a green walk for Gurgaon-based real estate developer Vatika Ltd. This walk - held on March 28 - was a huge success as more than 600 people vowed to save energy.

Continuing this tradition, Magicbricks presents this new segment where we would highlight green initiatives taken by individuals, real estate builders, real estate brokers and civic authorities.

Join this mission.

Tell us what would you do to save energy or promote green habits among people? Also, would you shut down energy for an hour- between 8.30 to 9.30 pm – tonight as part of Earth Day practice? Share your responses in the comments section.

Is it wise to invest in real estate now?

Magicbricks Moderator says: We receive many user queries for this blog. Here’s an interesting one. Help our user. He wants to know if this is the best time to park funds in real restate via the share market.

USER QUERY:

“I want to invest my funds. Share prices for most property developers have hit rock-bottom. Will it be wise to invest in shares of property developers, especially when I can buy them for a cheap price?

Please guide.”
- Narayan

Will falling rentals induce demand in realty market?

Magicbricks Moderator says: Economic slowdown is a blessing in disguise for many. While some real estate developers have frozen their expansion plans, many others are still optimistic and making the most of falling markets. For example, rental values have stagnated for most prime locations. Many retailers, who had once shunned expansion owing to high rentals, are reconsidering expansion.

Will falling rentals trigger demand in the market? Will retailers or individuals think about renting/leasing in this ‘slow’ market?

Need your opinions on this. Please write in the ‘comments’ section.

Need flat and furnishings on rent in Mumbai

Magicbricks Moderator: A user, working with an IT company, is being transferred to Mumbai. He wants to take a flat on rent. To save costs, he wants to rent furniture and other furnishing articles as well. His query runs as follows:

User Query: I want to rent a flat and furnish it in Mumbai? Where do I go? How do I get started? Renting is not so much a problem, but furnishing has become a headache. I don't want to BUY a fridge, TV, sofa, bed, cupboard, wardrobe etc. as I may have to move back home soon.

Is there any place where I can get an apartment and the necessities on rent?