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New Projects coming up in Hyderabad
2008-04-15 06:31:00
Hyderabad real estate is heating up. First it was the new international airport in Shamshabad earlier this year. And now country?s second largest realty firm, Unitech has invested Rs 9000 crore for two projects it will be developing over a time span of 8 years in Hyderabad. With all these recent developments taking place in Hyderabad it seems it will soon take over the metros like Delhi,Mumbai in the realty business.
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Choosing a Right Realtor
2008-04-11 06:55:00
Home is where the heart is. If you're like most people, your home is also your single largest investment. It?s not only a monetary investment; you trust this home to hold up through the years, to be safe. Take the time to examine your priorities and find the right real-estate agent. The first step in choosing a good realtor is finding realtors in your area. The best way to find a realtor in your area is through referrals. Ask your friends, family, or colleagues who?ve bought or sold a home for good recommendations. If you can?t get any referrals, check with your local realtors association. Once you have a few options for realtors, you should set up interviews with each of them. Before the interview, write down the questions you want to ask them so you know you don?t forget anything. While the questions asked depend on your preferences, it?s always good to find out if they are a licensed realtor, how much experience they have, and how familiar they are with the neighborhoods you ...
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Indian Realty sector on a high
2008-04-11 06:49:00
India is being acknowledged as one of the fastest growing economies in the world and in this current economic scenario, real estate has emerged as one of the most appealing investment areas for domestic as well as foreign investors. And this high growth curve in the real estate sector owes some credit to a booming economy and liberalized Foreign Direct Investment s (FDI) regime in the real estate sector. Acknowledging the growth of Indian economy in general and its real estate sector in particular many people are investing in it. Property Tech, a subsidiary of Tech Group, has purchased two properties in India worth around Dh110 million as part of its plan to tap into new promising markets.
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Sonepat real estate
2008-04-10 14:54:00
Everyday we get to hear some new projects and developments coming up in the residential and commercial segments of Indian real estate sector. One of the leading real estate developers of India- Parsvnath Developers Ltd, has announced their new project coming up in Sonepat. It will cater to the demand of buyers who are on the lookout for their dream house at an affordable price close to Delhi .
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Investing in property-Smart Move
2008-04-10 14:16:00
If I were an employee, I would certainly be thinking about retirement. Worrying about retirement and social security has become an increasing concern for many. The stock market, 401 K, insurance, and good old fashion savings are all means people take to secure their financial freedom when it comes to the 65 plus years. An ideal investment strategy is one that comes with low risks and high returns. Good old fashion savings will not give you high returns, and stock market games are not often associated with low risks. Investing in land is one that that comes with both low risks and high returns if you play your cards right and you do not need to be independently wealthy to get into this industry. Investing in land is one of the smartest things anyone can do to increase their net worth and financial freedom. Investors with small or large capitals are smart to invest in land for a variety of reasons. Land property is an investment that offers consistent returns that are safer than other...
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Owing a House ? A distant dream?
2008-04-09 11:31:00
The dream of having one?s own roof over one?s head is a universal one. India is no different. Almost all of us ? including me ? have a dream of owning our own houses. But in the present real estate boom coupled with inflation, how many among us are actually making our dream come true? In my last blog, there were a few comments on how the rich are getting richer and the common man is left out of this phenomenal real estate growth of the country. On a recently conducted online survey carried out by a property site, it was revealed that more than half of those surveyed are looking for a 2-bedroom home within 5-10 lakhs. It will be logical to say this largely reflects the dreams and aspirations of the common man ? you, me and other people like us including the service class, businessmen, lawyers, professors, house wives and young professionals. However, going by the present trend, the Rs 5-10 lakh bracket of affordable houses are confined to the extreme suburbs or peripheries of larg...
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Count those Discounts!
2008-04-08 12:11:00
You must have noticed the various kinds of discounts that many developers are offering to persuade buyers. Most of them are just marketing gimmicks. In actual there is no reduction in the real value of the flat. There may be various expenses that the buyer is forced to incur during the possession of such discounted properties.In Thane, a developer was apparently offering a car with each sale. The promotions also claimed home loan interest rates at 8 per cent through two cooperative banks. The customers later found that the car was a bumper prize. Worse, the 8 per cent interest rate was only for the first few months!No Developer offers discount below the base cost, which includes the cost of land and construction. However, developers do offer value-additions and incentives to prospective buyers to speed up the willingness to buy. When looked at closely, these incentives do not have any significant monetary value. It?s observed in a falling real estate market, small developers start ...
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Fraud rate alarmingly high rate in the realty sector
2008-04-08 11:50:00
Booming markets invariably bring with it unsavory people, who try to make some quick money through dubious methods. This is more or less the state of India?s property market at this point of time. There are developers who sell the same piece of land to number of customers and there are those who sell land without clear titles or mandatory permissions from the authorities.There are many fly-by-night operators and others in the unorganized sector who indulges in such fraud. So what should a buyer do? I would suggest buyers to investigate the background of any developer thoroughly. Believe me, if you are not careful, your life?s savings could be at risk.
More About: Fraud , High , Rate , Realty

Flying High - The new international Hyderabad Airport
2008-04-07 13:29:00
Built at a whopping cost of Rs 2,500 crore, the new International Airport will place Hyderabad in the league as Hong Kong, Singapore, and Kuala Lumpur. Spread across 5,000 acres of land, the airport sports the longest runway in South East Asia and is definitely the first truly world-class airport that India can boast of. The high-capacity airport will make Hyderabad a major cargo hub in Asia.The real estate markets of Hyderabad are expected to take cue from this remarkable development. Prices of commercial and residential properties in Shamshabad, where the new airport is situated, started to escalate way back from 2003-04, when GMR Limited was given the contract of developing the airport. The ?aerotropolis? concept further facilitates hotels, healthcare centre?s, residential campuses, and retail outlets right inside the airport zone - a concept currently operational only in top cities like Seoul, Munich and Hong Kong.The brand image of Hyderabad is witnessing a major makeover.
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The Real Investor
2008-04-07 12:51:00
The first golden rule of investing is to diversify your portfolio. Even though high paying categories are always lucrative, the risk factors involved are even higher. Direct commodity investment is advisable only for market savvy investors, who keep a close tab on the market. Stocks, bonds etc should be a part of your saving instruments and all of it. Commodity oriented mutual funds and other such indirect investments though are less risky, they are not exactly what we term as ?user friendly?. So what else is there? For many, real estate investment is an essential part of a well-rounded portfolio. Buying and selling real property, or even long-term owning, has proven to be one of the most profitable and least risky investments available. When it comes to investing in real estates, you will find a wide array of options like property oriented mutual funds, REIT (Real Estate Investment Trusts), and many other types of mortgage backed securities. However, one should keep in min...
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Noida is heating it up
2008-04-04 08:40:00
Over a long period of time Noida has amazed everyone around the neighborhood to look at this place with flabbergasted expressions. Truly, since 1976 the Noida authority has left no stone unturned and let the entire nation look at it with spectacled eyes. Recently Asia?s biggest real estate deal also took place in Noida. Keeping the growth of Noida in mind many developers are eyeing the city for their future projects. One of the latest proposals being made by the Delhi based real estate developer Omaxe .It has decided to start a high end project with luxury apartments and penthouses- Omaxe twin towers, which will be one of the tallest buildings in the NCR region. Apart from building luxury apartments, the company also plans to construct 'houses for the common man' through their ''Ek Awaas Sabke Paas'' scheme.
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Mumbai Real Estate-Overview & Trends
2008-04-03 12:04:00
So you are attempting to understand the real estate position in Mumbai , but you are not clear in your mind the market picture of real estate in massive Mumbai? To help you, here is a preview of real estate market in Mumbai. Mumbai is going to be the town of the potential. According to the facts & figures, the real estate sector is growing at a blistering 30 per cent annually. Mumbai real estate is among the most expensive in the world - more than that of Tokyo or New York - and there is no shortage of those who can afford to pay. Some of the few successfully completed real estate projects in Mumbai are new airport at Navi Mumbai, New Suburban Trains Project, Bandra-Worli Sealink Project, Santacruz-Chembur Link Project, De -congestion of Prime CBD areas, Current Transportation systems, New Bridges Project, Sprawling Townships Project, Shopping Malls, IT Software Parks, Office complexes and development of Property investment proposition. Now, the city is undergoing redevelopment and r...
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Reduction in housing loan rates
2008-04-01 12:55:00
There is good news for all home loan consumers in India. Given the boom in real estate in India, housing/home loan has become the most popular form of loan. Various banks have started working in the direction to ease the burden on the home loan consumers. Two public sector banks, Allahabad Bank and Central Bank of India, have decided to reduce interest rates on housing loans by 25 basis points. The above reduction will be effective from April one, on all fresh sanctions. Various other banks have started thinking on this line to boost the demand in housing loan sector, particularly among small and medium category borrowers. Considering the current inflation in property rates this is only a small concession.
More About: Loan , Housing , Rates , Reduction , Home Loan

Realty sector to see highest salary hikes
2008-03-31 14:00:00
With economic growth in the range of 8-9%, India is likely to enjoy the highest salary hike in the world, of around 15.2% in 2008 as against 15.1% in the previous year revealed a survey conducted by global human resource service firm Hewitt Associates. Employees in the real estate industry never had it this good. The realty sector is projected to witness the salary rise of 25 % in 2008 in India, even ahead of retail and telecommunications industries. With double-digit growth in the service sector, there is strong demand for talent in the country. Struggle for finding talent to sustain the high growth is growing in the country. The high economic growth rate has provided employees great career opportunities. Therefore, employers are using compensation as a strategic lever in attracting, retaining and motivating the talent pool.However, the survey forecasts a gradual decrease in salary hikes and stabilization in the range of nine to ten per cent by 2012.The survey was conducted in 540 ...
More About: Real Estate , Salary , Realty

Faridabad-High on Realty
2008-03-28 06:41:00
Faridabad, the once sleeping town of Haryana, is on the fast track of development and is emerging as one of the most happening cities around Delhi NCR. If you are looking for property in a prime location that is away from the noise & clamor of metropolitan cities, yet near enough to ensure that all the facilities of urban India are available to you, then Faridabad is the way to go. Properties are selling at a brisk pace here. The infrastructures & properties are affordable and this has resulted in a tremendous real estate boom. Being located close to Delhi and NCR, Faridabad has attracted working professionals as well as corporates and businesses.Faridabad is now a preferred destination for MNCs, the IT, ITES and the BPO sector and the retail sector too is at par with the best, with sprawling malls and swanky offices donning the streets. The capital and rental values of property are gradually on the rise and the upswing is going to continue. If you are planning to invest, it's h...
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Gurgaon Master Plan 2021: On the high road of development
2008-03-26 13:16:00
The much awaited Gurgaon Master Plan 2021 comes with high hopes for residents of the fast flourishing cyber city. The first master plan for the region aims to keep population density in the newly covered areas lower than before. The focus is on having green cover, increasing residential space, enhancing commercial space, and improving connectivity with neighboring Delhi. This will undoubtedly be a step forward in real estate growth around the region.Moreover, the new supply could be good news for the middle class as the prices of apartments are expected to slip down. So far, property developers were only concentrating their attention on high end housing. With availability of more land, they can now focus on middle and lower segments as well.New Gurgaon Manesar Master Plan is known to have been inspired by the Chandigarh town planning model. The Gurgaon-Manesar Plan includes great scope for the residential areas which will now feature boarding houses, social, community, recreational ...
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Newer IT destinations biting into the Indian real estate space
2008-03-24 13:12:00
As we all know one of the key contributors to the Indian real estate growth has been the IT industry.In the last one year, the capital values of the commercial office spaces has increased by up to 40% owing to the increase in the demand from IT / ITES and BPO sector across major metros in India. A recent article in economic times points out a shift in the realty sector from the mature IT markets in the country i.e.Bangalore, Hyderabad and Gurgaon to newer IT destinations such as Kolkata and Chennai.This trend will surely open up the Indian real estate more democratically in terms of demand and distribution. What?s your take on it?
More About: Space , Estate , Real Estate , Real

India among top three ? Global realty markets
2008-03-21 08:11:00
The India n Real Estate industry is on a roll be it in the country or outside. The sector has witnessed immense growth in the past couple of years. The phenomenal increase in the Real Estate demand and access to funds were the key drivers for propelling the Indian real estate market into an overdrive.India has attracted $3 billion worth of real estate stated by government official report of March 2007. This booming India real estate market is currently more expected to contribute for concerning $30 billion in the upcoming years. When evaluated to last year, real estate 2007 has gone doubled. In the league of the most preferred property market among foreign investors globally, US has retained its top position, while China was ranked second followed by India, a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE) said. China moved to the second place, garnering 21.4 per cent votes and displacing India in the process, which was preferred only by 16.7 per ...
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Goa government bans sale of land to foreigners
2008-03-19 09:10:00
Those foreign nationals who are eyeing the booming property market in Goa should better do a reality check. Against the backdrop of cases of foreign land mafia and drug cartels buying real estate in Goa, the state government on, March 14th 2008, banned foreigners from purchasing properties. The government would make a serious attempt to incorporate the changes in Section 22 of the The Registration Act, 1908 during the budget session beginning March 24. Post-amendment, sub-registrars will be vested with the authority to scrutinize the credentials of the buyer and also the source of his/her money. All documents submitted by a foreigner will also be vetted by the Goa police and the home department. If found questionable, the sub-registrar concerned will have the powers to revoke such a sale deed. Earlier, there were no proper powers (given) to the registration authorities in Goa to checks whether the Reserve Bank of India had cleared a deal. Four other states, including West Bengal an...
More About: Government , Real Estate , Sale , Land , Foreigners

Commercial retail property heating up
2008-03-17 10:36:00
Although, the residential property segment may not be performing well but the commercial property is certainly hitting the sky, says a report. Due to the corporate demand, the rentals have witnessed a rise of another 20% in the last three months. Indeed, the report claims the rentals to see a jump of 10-20% in very near future. This is because of the ongoing demand that continues to outstrip supply. Usually individual investors, given the budget constraint, look for strategically placed bargain corners so that eventually they can attract good tenant or can even sell or lease to a brand looking for more space. The current trend sees individuals preferring mid and small-sized properties over the bigger ones as these are easier to rent out and always in demand. Developers feel that investing in such commercial retail properties, which started a couple of years ago, has now gained momentum due to a number of reasons. The advent of malls started off this trend which has now picked up a...
More About: Commercial , Real Estate , Property , Retail , Heating

Asia's biggest real estate deal
2008-03-14 06:56:00
The biggest land deal of the country took place in Noida ,a consortium led by Delhi-based Business parks and Town planners(BPTP) bagged a 95 acre commercial plot in Noida sector 94 for a mind boggling Rs 5006 crore from the Noida authority. According to a Noida authority spokesman, the permitted floor area ratio for development of the site will only be two. Only an area of 8.2 million sq ft will be allowed to develop. At this rate, the per sq ft construction right has cost BPTP a whopping Rs 6,100. According to an official communication, the New Okhla Industrial Development Authority (NOIDA) floated auction bids for the plot in February 2008. It received four bids and March 03, 2008, the bids were assigned to a consultant to study the technical feasibility and financial viability of the bids. The consultant submitted its report to the authority in which one of the bidders Ansal (API) was disqualified. The remaining three bidders - Omaxe, DLF and BPTP - were qualified. The commerc...
More About: Estate , Real Estate , Deal , Real

Fengshui for a better home.....
2008-03-12 07:14:00
Acquiring a property is one of the most important decisions anyone can make in a lifetime. Buying or selling real estate can be so overwhelming, especially, when you don?t know what property to choose or what to do when searching for a new home. Selling a home, scouting out a new location for a business, or buying multiple properties is when you should not only hire a qualified real estate agent, but a Feng Shui expert as well. Yet; the optimal time to call in a Feng Shui expert is even before a home is built. Some people say they have a gut feeling when they find the right property; they just know they?re at home. But, why not have some basis to form that feeling. Your gut is probably a good indication that you?re on the right track and the property is the right choice for you; nevertheless, the placement and direction of the home or business, in question, can be analyzed before a purchase is made. This gives you more than a gut feeling; it gives you choice information. A lot of ...
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Move towards SEZs
2008-03-10 09:37:00
Before end of this year there might be a correction in the rental rates of commercial real estate space in software technology parks or STPI to the tune of 15%. This may take place because the IT and ITES companies are making a beeline for SEZ space. As against everyone?s expectations regarding the extension of the STPI sceheme, the FM didn?t make any such indication in this budget. Though the general indication is that it?s not the final decision it will expire in 2009 but still a lot of people expect that even if the STPI is extended, it will not be extended for a very long time and not with the same concessions being provided so far. So, migration to SEZ is happening and will continue. This means that the space available right now for the Software Technology Park will turn into general office space and demand for it will drop. This combined with the additional supply of commercial space in the pipeline, that will hit the market in cities like Bangalore, Hyderabad, Pune and the...
More About: Real Estate , Budget , Move

Brand Building-The need of an hour
2008-03-07 07:05:00
How did you first become aware of google.com? Was it by watching Harbhajan Singh bowling something related to this name in a cricket match or perhaps did a friend tell you about this great search site? Were you are looking for tall man or did you notice a sign of a company with the apparently unrelated name in search business? Brand ing has been a part of the Internet since commercialization began. Brands are one of a company's important assets. Brand value becomes important when competitive forces come into play. It perhaps has no relevance in a monopoly situation. Branding provides connection with the consumer which is crucial in any competitive market. Building a Brand is about (1) what you stand for and (2) the value that brings to those exposed to your brand. If what you stand for is a value system that others want, and want to identify with, you will be able to make your brand easily recognizable. Most of the real estate players in India have a negative image. So the real es...
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Mixed Bag......
2008-03-05 06:36:00
Union Budget 2008 evoked mixed reactions from realty sector. The budget mentioned there will be a boost in the country?s socio-economic infrastructure with due emphasis on education, health and hospitality sector. The boost in housing sector will take place due to the increase in income tax exemption limit to Rs.1.5 lakh (Rs.110000) and new tax slabs as it will increase the affordability of equated monthly installments pertaining to new and existing housing loans. The real estate sector will also benefit from the amendment relating to dividend distribution from a subsidiary to a parent company, as this is prevalent in the sector. However, there has been no relief on service tax on rentals which will continue to increase pricing pressure, though in the short to medium term this will not have a drastic impact as supply outstrips demand. Eventually, the burden would be passed on to tenants. A reduction in duties and service tax benefits directly to consumers would have propelled t...
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VAASTU-The essence for better living
2008-03-03 09:04:00
You are emotionally disturbed, with illness and financial problems at home. At work, you?re losing out on opportunities, and your efforts are not taking your career to where it should be. Ever thought of VAASTU? Vaastu literally means ?house" or dwelling place. The principles of Vaastu establish to create a harmony between the fine elements in the environment. Vaastu is directly related with nature, earth's magnetic field that is invisible but a powerful force, which affects man's life. Vaastu helps in making a congenial setting or a place to live and work in a most scientific way taking advantage of the benefits bestowed by nature, its elements and energy fields for enhanced health, wealth, prosperity and happiness. The Vaastu science mainly deals with the natural needs of the man for living, like weather, winds, light etc., and the restrictions or passage of these natural sources in the dwelling. Applying vaastu principles to your home could just about bring greater equilibri...
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SEZ sector boosts economic growth
2008-02-28 12:22:00
The real estate sector in India is on a high growth path. Several government initiatives have contributed to this high-growth environment - liberalization of foreign direct investment norms in real estate in 2005, introduction of the SEZ Act, and allowing private equity funds into real estate. The Government of India (GOI) first launched the concept of SEZ in the EXIM Policy 2000 to boost the country?s exports and attract FDI. International experience shows that SEZs are pockets of manufacturing excellence which apart from driving export growth and attracting FDI are also contributing tremendously to generation of employment and thereby contributing significantly to the economic growth of the country. In India, 25% of a SEZ is used for industrial and business purposes, and 75% for real estate and commercial complexes. SEZs ensure high growth and remove regional imbalances as the government can develop them according to the economic and regional requirements. India's SEZs seem to...
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FDI contributing to an organized Indian real estate
2008-02-27 07:43:00
Real estate industry in India is presently worth $12 billion and is growing at the rate of 30 per cent per annum. The importance of real estate sector in India can be gauged from the fact that it is the second largest employer next only to agriculture. With growing opportunities, major asset management firms from abroad are investing in the local Indian market. India is poised as the most favorite FDI destination in South East Asia, outpacing China. The real estate market in India is flooded with overseas funds. FDI in India is expected to increase to US$15 billion this year, triple the 2004 figure. With the amendment of the Indian government in March 2005, FDI was relaxed up to 100 per cent in the construction business. This amendment has cleared the path for foreign investment to meet the demand into development of the commercial and residential real estate in India. It has also encouraged several large financial firms and private equity funds to launch exclusive funds targeti...
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Go Green.........
2008-02-25 10:06:00
Recently I came across an article which mentioned that eco-friendly buildings are becoming the new fashion of the Indian real estate sector. This silent revolution in India is being led by the IT industry. Due to the exponential growth of the IT sector and IT enabled services; there is huge demand for ultra modern, sophisticated and eco-friendly office spaces through out the country. Being finally bored of the sick building syndrome ?a combination of ailments associated with place of work or residence?, many Indian developers have started looking ways to go green with buildings designs- be in commercial or residential sector. Given the astronomical rise in fuel prices in the past few years, it's no surprise that energy efficiency is the top reason consumers choose green building these days.A green building can be termed so only if it meets certain strict parameters set by international leaders in the field like Leadership in Energy and Environment Design (LEED). According to the...
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Paperwork Homework?..
2008-02-22 09:57:00
I recently invested in the real estate and discovered how important role formal agreements and legalities play in it. I never expected it to be such a tedious task. Contracts seemed to me pretty simple at the first glance but the whole procedure got a bit complicated later on. After getting done with groundwork of financing, settling down with an area of investment, sending the letter of intent to the owner, etc I was all ready to put everything in a contract. Initially I thought I will be able to manage the whole procedure all by myself. But later I decided to take the help of some real estate consultant or attorney for it as it gets very difficult for first time buyers like us to deal with all the paperwork. . It?s very important that everything is covered without missing out on anything. As contract plays an important role in protecting huge amount valuables. The title company whom I consulted ensured that there were no title problems. I spoke to my attorney about insurance to c...
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