Real Estate: Real Estate Ahmedabad, Real Estate News, Real Estsate Consultanting News

PROPERTY INVESTMENT – MAKE THE MOST OF IT

2011-09-30T12:51:00.002+05:30

Property investment is now in the air. The definition of the term investment has been ever evolving with the passage of time. Now property investment holds a wider terminology and much widespread definition.

You can invest your properties into so many ways like Buy Villas, Buy Properties Ahmedabad, Buy Properties Gujarat, Real Estate Investment and Residential property. There are ways and means in which you can invest your property. Investing your property at different themes and areas is usually considered smart and advisable. Now with so many complexes and projects being designed as a commercial business, there are a lot more options for you to invest your money in. this can be a real good means to earn profiting revenues of whatever you own already!

Buy Villas - your dream house at your destination

2011-09-29T12:52:00.001+05:30

Planning to build up your own home? Why not to buy one? Buy villas. The company brings to you some splendid offers and deal for you to cherish and make your dreams come true. Now you can do so many things you want like Buy Villas, Property Investment, Buy Properties, Ahmedabad, Buy Properties Gujarat, Real Estate Investment and Residential property.

The company works on the fundamental of satisfying their customers. With the best professional assistance and services you can make your dream home take a shape of reality. This is your chance to make your dreams come true. With the years of experience and professionalism the company gives you unfailing trust and services with no chance for you to regret or repent on your decision!

Exercise Diligence When You Choose Residential Investment Property

2011-09-24T15:07:00.006+05:30

Do you want to buy commercial property? Or do you wish to buy residential property? Are you looking for residential investment property or the one where you can stay? In either cases, it is important that due care is taken while making a purchase of the property. There is a reason for that is that reason is the options that are available today. Be it residential property investment or the same for commercial property, there are many properties which are coming up under the purview of Real Estate Investment Ahmedabad and hence it is your prerogative to choose the one which will suit your requirement the best.

When it comes to residential investment property, there are various types. There are ones which are located in the city while some others are located on the outskirts. Some have great features like golf villas and others, while some others are meant to be simple pure investment. Hence, the choice becomes yours while you decide on your residential property investment.

THE AMAZING PROSPECTS WITH REAL ESTATE INVESTMENT AHMEDABAD

2011-09-23T16:22:00.004+05:30

Real Estate Investment Ahmedabad is booming with choices. There is no dearth of options which are available with residential investment property and even with commercial property. All that one needs to have is a keen eye to understand which of these can suit you the best. Therefore, if you buy commercial property; you should look at the prospects of the area and the potential of it turning into an investment avenue. On the other hand, if you buy residential property then you should make sure about the area, its approachability and the amenities which are available with the property. The most recent concept which has hit the market is that of golf villas. Being extra luxurious, such golf villas are catching the fancy of many a investors.

Hence, residential property investment and all other sorts of investment have become highly popular with the real estate investment Ahmedabad market. Therefore, the future looks really bright for the market and it can help everyone make considerable amount of money.

USE THE INTERNET TO BUY COMMERCIAL PROPERTY

2011-09-22T11:45:00.005+05:30

There are various ways in which you could buy commercial property or even buy residential property. While earlier such buying of commercial or residential investment property used to be confined to two ways only; such ways of making a purchase of a commercial or residential property have escalated considerably in the recent past. Therefore, when you delve into the past; you would realize that you could firstly contact the selling party and make a purchase through the same. Hence, a new office area is coming up and you seem to be interested in the same. That is a good platform to make a purchase. On the other hand, you could also make a purchase by going through the dealers. In this medium of making real estate investment Ahmedabad, you could be rest assured about the quality of the property and know about the reasonability of the price. Hence, this would make residential property investment simpler.

Combing these two mediums is the online medium to buy commercial property. You can now search for investment properties or special luxury properties like golf villas through a mere click.

INVESTMENT PROPERTIES WHICH YOU SHOULDN’T MISS!!

2011-09-08T11:50:00.004+05:30

If you are among the expert personal investors who are always on a lookout for good investment options, then you should be aware about the number of Investment Properties which are coming up in your town. In many cities of the country, some of the most reputed builders or building firms are developing such properties, which could facilitate real estate investment. If you invest in property, especially these ones which have a strong brand name of the builder associated with them, then you are going to earn great returns. This is because these established builders research the location before they build there. Hence, the area would be correct for you and the builder’s brand name would also lend additional trust on the property.

Therefore, Property Investment in such properties and developments could help you generate the right amount at the right time. Forget about all your worries about the future and enjoy the returns of this great investment option.

PLAN YOUR FUTURE WITH PROPERTY INVESTMENT

2011-09-07T11:51:00.005+05:30

Do you want to give your children a bright future? You want them to study in the best college around? Are you among those people who wish to have a successful post retirement period, without the worry of finances? If the answer to any or all of these is yes then Property Investment is the right way to go about it. The Indian economy is expanding and along with it is expanding the interest of the foreign nationals in the country and its economy. They are looking for various investment options and property is one of them. Therefore, the first reason to trust real estate investment is because a lot of other experts, even from different countries, are trusting it.

Also, what validates the point that you should invest in property is because this interest level of the foreigners is only going to increase. Alongside, the domestic demand for properties is also going to grow. Therefore, your investment properties would generate wealth for you over a period of time. And such wealth can be expected to be enough to satisfy all your desires for your future.

THE BEST PLACE TO BUY VILLAS

2011-08-29T17:38:00.003+05:30

You have always admired and adored those magnificent villas of Spain that are shown in various travel shows and brochures of different companies. You always wanted to live inside such a beautiful home which is not only captivating from the inside but also enchanting from the outside. Well, if it is not possible for you to migrate to Spain or you just can’t leave your motherland India, you need not to give up your dream of living in such villas.

You can now fulfill all these wishes without compromising on your family and social obligations as Shantigram brings gold villas that gives you the experience you can cherish for your lifetime. These are made available in different themes like Mediterranean, Spanish and Contemporary. If you wish to buy villas Ahmedabad offers at its best, then Shantigram has the perfect solution for you. Not only do you get the awesome views provided by these villas, but along with them you get host of other facilities like all-equipped clubhouse which even has an artificial swimming pool.

All these and other various features make sure you get the best from your life and you need not to compromise on any luxury, what so ever the reason may be. Buy villas Ahmedabad offers at Shantigram and you will never want to look back to the place you’ve been living before. Treat your life well and we’re sure it will reciprocate in a better way. What better way to do so by gifting yourself a villa at Shantigram?

BUY PROPERTIES AT THE HOTTEST LOCATION

2011-08-27T16:36:00.006+05:30

Every now and then, we get to hear about the population explosion and the many problems that it brings with it. While we may say that the world is shrinking day by day, the truth is that the population is increasing exponentially and the limited amount of land is not able to accommodate everyone. That gives rise to high rise buildings and the likes.

This has led to land being one of the hottest investment properties. People consider land as one of the best investments they can make. Considering the population boom in India and the limited amount of land, many states have become the hub for investment in land. The best example would be Investment Properties Gujarat brings to platter. Gujarat has in recent times gained widespread popularity as the destination to invest in land. That is the main reason for major automobile manufacturing plants being set up here as well as various other investment opportunities coming up.

Due to its strategic location, investment properties Gujarat has to offer sell like hot cakes. This can be confirmed by the fact that major corporate houses are ready to pour in lots of money in order get hold of these precious pieces of land Gujarat has to offer. So if you have enough money to invest, then surely Gujarat is the place to be. Come and see how the it is booming like never before and you’ll surely find out these investment properties Gujarat has to be the best among the lot of other states. So, make the wise choices and you’ll be on the road to success, sooner or later.

Recession downs retail rentals by 25% in Ahmedabad

2008-12-27T22:50:00.001+05:30

Retailers in turn ask for share in revenues.

All’s not well with the retail scenario of Ahmedabad. While many retailers have downed their shutters or are downsizing their existing stores, the rentals are also on their way down.

The rentals have gone down by 20-25% in the last three months owing to recession. The rentals on CG Road are in the range of Rs 90-100, down from Rs 120-130 three months ago, industry watchers said. On SG Highway, which houses a maximum number of malls in the city, the rentals are down from about Rs 110 per sq ft to Rs 75-90 per sq ft, according to mall owners.

The retailers on the other hand are now asking for a pie in revenues. “The retailer store owners in Ahmedabad are demanding 8-12% share in revenues from mall owners,” said an official working in a mall.

The footfalls are down by 25-30% on weekdays while it is down by 40% on weekends, as per industry estimates. Also the retailers are seeking a 15% reduction in common area maintenance (CAM) rates by 15%. “We have one of the most reasonable prices in the city. Already from the beginning our rates were lower than others by 15% and we further slashed another 15% three months ago. Hence we are not planning to slash the rentals any further,” said Harit Kothari, senior marketing manager, NG Group-the promoters of Gallops Mall on SG Highway.

Malls on an average are seeing an occupancy level of about 65-70%. Reliance Retail has downsized its hypermart format – Reliance Mart in Iscon Mall on SG Highway, sources familiar with the development said.

Future Group has meanwhile closed down its 70,000 sq ft Big Bazaar near Shyamal Cross Roads. Subhiksha has also downed shutters of a couple of its stores in Ahmedabad and is re-structuring its business. RPG group owned Spencer's retail does not find Ahmedabad a viable business option and has decided to quit. "The closing down of Spencer's retail stores in Ahmedabad is because we did not achieve the targeted revenue. Moreover, Ahmedabad does not seem to have a potential in organised retail in the near future," says Samar Singh Shekhawat, vice president-marketing of Spencer's Retail.

While real estate developers like Alpha G Corp and Modi-Build Well Ltd. agree to correction in property rentals for retail stores in Ahmedabad, they deny any re-negotiations for their projects. The developers claim that their rentals were low from the beginning.

Ahmedabad-based Modi-Build Well, which built the Himalaya Mall has booked almost all retailers around 2-3 years ago. "We had leased almost all the retailers around 2-3 years ago at rates between Rs 40 per sq ft and Rs 60 per sq ft. An early entry into the market at low lease rates has insulated us from current corrections in rentals," said Kamlesh Modi, director of the real estate development company.

Indiabulls has also closed two of its hypermarts in the city as it is restructuring its retail business, sources said. "The correction that has been taking place in rentals for retail stores is related to properties with high rates. Our upcoming project in Ahmedabad has a low average rental of around Rs 70 per sq ft.," said S K Sayal, chief executive officer and director of Alpha G Corp Development Pvt. Ltd., who is developing the Alpha One, a one million sq ft huge mall-cum-hotel project in Ahmedabad, which will come up in 2009.

”We have not negotiated the rentals in the past few months and there has been no change in our rentals at Ten Acres. We have maintained a consistent Rs 55 per sq ft since the last six months," says Indranil Banerjee, general manager of Ten Acres, Ahmedabad City Mall.

The city has witnessed no fresh supply of malls in third quarter of 2008 with the projected 220,000 sq ft development that was scheduled for completion in second quarter being postponed to the last quarter, according to Cushman & Wakefield report. Few retailers have moved out of non-performing malls due to lower conversions causing higher vacancy levels in the existing malls, it said. The city is expected to witness mall development of approximately 870,000 sq. ft. in the next six months, which is likely to put pressure on the current mall rentals, according to real estate consultant Cushman & Wakefield.

Source: business-standard.com

India to set up new land registration system

2008-09-07T12:00:00.000+05:30

A report by India’s Department of Land Resources proposed the setting up of a property registration system in the country, with a registry similar to that in the UK proposed. A system of conclusive titles that will guarantee property titles will be introduced soon, according to the Development Minister, Prasad Singh. This will help to combat the problem of fraud over property exchanges that are growing as the country’s real estate market opens up. A single agency will handle all land titles and records so that true ownership is documented and guaranteed. This will be in contrast to the current system, which merely records transactions. Registration of property in India now only amounts to a certification of the transaction, but it does not ensure the title of the property. Currently, in order to verify the title, a prospective buyer or developer has to do an extensive search through various sources, which is costly and time consuming.

In addition to the land registry, the Department is also computerizing all land records using a Geographic Information System (GIS). This process is under way and will combine the two existing programs into the National Land Records Modernization Programme. This system will digitize all land records and help with numerous other services and businesses, including emergency management, real estate, and banks and credit companies.

Source: indianrealtynews.com

Chennai to become world class city by 2026

2008-09-07T11:43:00.001+05:30

For the first time, the restriction on Chennai’s vertical growth has been lifted. In a vision for the next 18 years, the city has a new master plan. From now on, the Chennai metropolitan development authority will even permit hundred floors if the building is abutting a hundred feet road. Earlier, a ceiling and only 29 floors were permitted. The Chennai real estate industry is delighted. “This means better lighting, better ventilation, and fantastic designs due to the vertical growth,” said T Chitty Babu, CMD, Akshaya Homes.

Those who live in smaller homes will also be benefited by the city’s master plan. The floor space index or FSI has been altered from 1.5 to 1.75, up to a maximum of 450 square feet. It means that those who have a plot of say 200 square feet could build a house up to 350 square feet on two floors. And there could be more residential areas along the city’s mass rapid transport system, as the FSI has gone up from 1.5 to 2. That means they will have thirty percent more space to build. And ten percent of homes ought to be earmarked for economically weaker sections in all private projects developed in a hectare or above. “Our aim is to provide accommodation to the rising population of the Chennai metropolitan area,” said Susan Mathew, vice chairperson, CMDA. Chennai will soon join the high skyline club of Delhi, Mumbai and Gurgaon to become a world class city.

Source: indianrealtynews.com

Pantaloon Retail Launches Big Bazaar in Ranchi

2008-04-27T21:18:00.001+05:30

Pantaloon Retail (India) Limited, part of the Future Group, today announced the launch of its flagship hypermarket retail store – Big Bazaar – in Ranchi city. This is the second Big Bazaar in Jharkhand region and the first biggest store with 80,000 sq.ft area in East Zone for the company.

With the launch of Ranchi Big Bazaar, Pantaloon Retail now has a strong chain of 83 Big Bazaar stores across the country. At Ranchi, Big Bazaar located at J C Tower, Kadru More, Main Road, will cater to every single household needs for the citizens of the city and its neighbourhood towns.

Trusted by millions of family across the country, Big Bazaar will bring value to customers shopping, with its unmatched offers, discounts and unbelievable round the year promotions on all categories be it personal care products, garments, footwear, toys, home décor, home utilities, kitchen utilities, packed food, pulses, fruits or vegetables, groceries and many more.

Says Mr. Sandeep Marwaha, Head, East Zone, Pantaloon Retail (I) Ltd., "Big Bazaar will bring convenience plus rich shopping experience to the people of Ranchi. We are a consumer-driven company and we ensure that all our Big Bazaar stores fulfill the needs of the entire household under one roof.

“Big Bazaar maintains stringent procurement norms and quality control measures to ensure quality products sold at every Big Bazaar stores. We are confident of our offerings both in quality and competitive pricing, which has earned us the trust of millions of family across the country, added Mr. Marwaha.”

Ranchi Big Bazaar will have following categories/section devoted to specific products:
Food Bazaar: All food items, pulses, grains, fruits, vegetables
M-Bazaar: A mobile shop offering latest and affordable handsets.
Depot : Book shop offering novels, cassettes & CDs, stationeries, books.
Apparel : For Ladies, Men’s, Kids for all season. Western, ethnic, casuals & formals
Appliances: All kitchen appliances like Mixer Grander, Toaster, Microwave, Juicer.
GM-Home: Entire range of kitchen need, Utensils, Plastic-wear, Home-linen
GM-Fashion: Accessories, Luggage, Gift items and many more…
Furniture Bazaar: Offers an entire range of Home Furniture at affordable pricing.
Electronic Bazaar : Offers the best deals in branded electronic goods & appliances.
Live Kitchen: Offers fresh baked products like bread, cakes, and pastries.

About Pantaloon Retail (India) Limited
Pantaloon Retail (India) Limited is a leading retailer with a turnover of over Rs. 3550 crore for the financial year 2006-07. Headquartered in Mumbai, the company operates through primarily the ‘Lifestyle’ and ‘Value’ formats through multiple delivery mechanisms and lines of business — some of them being, fashion, food, general merchandise, home, leisure and entertainment, financial services, communications and wellness. The company has stores in 54 cities across the country, constituting over 7 million square feet of retail space. The company caters to the ‘Lifestyle’ segment through its 39 Pantaloons Stores and 5 Central Malls, as well as its other concepts. In ‘Value’ retailing it is present through 83 Big Bazaar hypermarkets, 130 Food Bazaars and other delivery formats.

Demand for serviced office space grows in Bangalore

2007-05-13T12:07:00.000+05:30

Bangalore, with a projected supply of 13 million sq.ft. of office space for the year, has not quite been able to satiate the immediate demand. The shortage of ready supply as well as heavy pre-leasing by corporates has increased the need for interim office space. Business Centres have strong growth recently with more focus on quality and international service standards.

Real estate services firm Cushman & Wakefield reports that high interest areas like CBD and Off CBD especially face this space crunch; and have the majority of operational Business Centres like DBS, Pan Asia, Golden Square, New Bridge as well as Regus in RMZ Millenia and Raheja Towers. Most of these offer corporates the advantage of an attractive location as well as a known address.

According to Cushman & Wakefield, Outer Ring Road currently faces a situation wherein the projects that are nearing completion have already been committed to by corporates, thereby creating a further dearth of supply. Yet, there are no operational Business centres in the area that can cater to the current requirement, although certain clients are provided incubation space by developers.

Suburban locations of Indiranagar and Inner Ring Road boast of centres like Stylus and New Bridge. North Bangalore, which is most likely to be the next preferred commercial location, is soon to have a centre by Stylus.

Whitefield, though facing surplus stock from the previous year, has also witnessed large pre-lease commitments. Currently, its interim requirements are being met by Regus business centre.

Pricing: The average cost per seat in Grade-A business centres ranges from INR 18,000 to INR 30,000 per month in Bangalore, depending on the location and quantitative requirement. Add-ons like telephone, fax, photocopying, internet, pantry, conference rooms, help/ travel desk and secretarial services come at an additional cost.

Hotels in the city also offer part of their business centres as temporary office solutions. Star hotels like Taj, Park, Leela, Windsor Manor, Lé Meridien etc. offer conference rooms on a day-to-day basis at rates ranging from INR 10,000 to INR 18,000 per day for an 8 to 16 seater. Only few city hotels offer cubicles which can be furnished at an approximate cost of INR 10,000 per day.

Incubation centres offered by developers, are usually based on the client's commitment for permanent space uptake and range from approximately 15 - 20% of the committed space. Generally in a Kirby structure (a temporary structure proximally located to the developing facility) fully furnished rates for these range from INR 65 to INR 75 per sq.ft. per month.

Due to continued demand for office space, Cushman & Wakefield expects that business centre occupancy levels in Bangalore will remain in excess of 75% through 2007. The charges/ rentals will remain stable over the next 6 months owing to sustained demand and new business centres being available in CBD and other suburban and peripheral locations.

Courtesy: INRnews

BDA to construct two lakh houses

2007-04-29T12:27:00.000+05:30

The Bengalooru Development Authority (BDA) will build 2 lakh houses on 300 acres in different localities of the city. The houses will be built on government land recovered from encroachers by the Revenue Department. Out of the two lakh houses, 1.60 lakh will be allotted to middle-income groups and the rest to poor families. Under the Ashraya scheme, the Government has decided to construct group housing for families living below the poverty line in Bengalooru. The proposal will be placed before the Cabinet for approval, the Chief Minister, Mr H D Kumaraswamy said. As many as 38,000 houses have been constructed on revenue land in Bengalooru. Six lakh houses will be constructed under the Ashraya scheme. Since the implementation of the scheme is slow, the Housing Department has been instructed to construct 50,000 houses a month. Under the Suvarna Gramodaya programme, 10 acres will be acquired in each of the selected villages for allotment of housing sites. As many as 1,127 villages have been selected in the first phase.

Source: 99acres.com

Navi Mumbai international airport project drives up land prices

2007-04-08T14:21:00.000+05:30

The proposed international airport project in Navi Mumbai is driving up land prices in areas such as New Panvel, Kalamboli and Kharghar. The City and Industrial Development Corporation of Maharashtra (CIDCO) has recently sold plots in the area for significantly higher amounts than recent market prices.

The Navi Mumbai International Airport would be one of the world's few ''greenfield'' international state-of-art airports offering world-class facilities for passengers, cargo, aircrafts and airlines. The airport will support the rapidly growing air travel needs of the Mumbai Metropolitan Region. It is expected to absorb annually 4.5 million passengers in its first operational year, doubling to 8.2 million by 2010 to 13.7 million by 2020 and 30 million by 2030 according to developer CIDCO.

The site of the airport in Panvel, to be developed through a public-partnership model, is located in an area of 950 hectares. CIDCO plans to sell 470 hectares in the periphery of the airport for development of hotels, malls, multiplexes and other aviation related facilities.

This real estate bonanza is sure to attract large developers to the area and drive up property prices. CIDCO recently sold 12 plots in the area for residential and commercial use at a significant premium to prevailing prices. For example, a 1535 sq.m plot was auctioned in New Panvel at Rs.47,200 per sq.m almost double recent prices. In Kharghar CIDCO has realised Rs.3,715 per sq.ft from a land sale.

Source: 99acres.com

Commercial real estate prices record high in Mumbai

2007-04-08T14:15:00.000+05:30

The British High Commission in Mumbai is contemplating a Rs.147 crore purchase of 42,000 sq.ft of office space in the Bandra-Kurla complex according to news reports. The actual carpet area is around 28,000 sq.ft .

The High Commission is looking to purchase the top three floors of Naman Centre, near the National Stock Exchange.

At a price of Rs.35,000 per sq.ft of super built area, this would make the deal one of the most expensive for commercial real estate in Mumbai.

Commercial property prices in Mumbai have soared over 100% in the past year driven by limited new supply particularly in prime areas such as Worli and South Mumbai. In Nariman Point, commercial property prices are around Rs.25,000 per sq.ft.

Source: 99acres.com

Indian real estate market permeates to smaller towns and cities

2007-03-25T19:08:00.000+05:30

According to leading global property consultancy firm Knight Frank, the real estate action is no longer limited to the large metropolises of India but has now permeated to the burgeoning smaller towns and cities. These emerging centres of growth are lending sparkle to India's booming economy. What is leading this transformation?

According to Knight Frank Research, the upswing of the Indian real estate sector has been an outcome of a number of positive micro and macro factors. Consistent and sustaining GDP growth, expanding service sector, rising purchasing power and affluence, proactive and changing government policies have all lent momentum to this rapidly growing sector.

Accounting for almost 80% of the total office space absorption, the Indian IT/ITES sector has been the primary demand driver. India's low cost-high quality and productivity model has given it a leadership position in the outsourcing arena. In a bid to scale up their operations and to remain globally competitive, the Indian IT/ITES companies are exploring the smaller towns and cities. Rising manpower and real estate costs, plaguing attrition levels and very often risk mitigation have been the key reasons for this movement.

Positive economic growth has also translated in rising disposable incomes and growing aspiration levels across India. Rising consumerism has created a demand for new retailing and entertainment avenues. Realising that consumers across cities have similar needs, albeit the scale may vary, new age retailers are vying to cash in on the first mover advantage and are expanding into hitherto unexplored smaller cities. Advent of organised retailing has also translated into real estate growth in these emerging locations.

Growth of the Indian 'Rich' (annual income>USD 4,700) and 'Consuming' (annual income USD 1,000-4,700) class coupled with falling interest rates and other fiscal incentives on home loans hasincreased the affordability and the risk appetite of the average Indian consumer thereby leading to a substantial rise in demand for housing. This has been further fueled by the increase in the size of 25-55 age group of earning population and the emergence of double income, nuclear families. Over the last decade the average age of Indian home loan borrower has reduced by 10 years.

Another variable facilitating real estate growth in India is the growing urbanisation. According to United Nations Population Division, the urban population in India will continue to grow at a rate of 2.5% per annum for the next two and a half decade. As per the Census of India 2001, 41% of the total population of India will be living in urban areas by 2011. The number of cities with a population of one million or more is also is expected to double from 35 recorded in 2001 to 70 by 2005. This increase in population will generate incremental demand for housing and other real estate components.

All these factors together with increased liquidity in the real estate sector through the international real estate funds and private equity funds will result in radically transforming the real estate landscape over the next 3-5 years. India's investment scenario is already undergoing a sea change and has been seen to be making roads in rural India with telecom, rural retailing, agricultural supply chain and logistics facilities, micro-credit, etc. All these factors foretell that the real estate growth will soon spread out of the established boundaries.

However, to support this growth and to make it more expansive, a lot needs to be done. Foremost is the thrust on infrastructure. According to a World Bank estimate, India needs to invest an additional 3-4% of its GDP on infrastructure to sustain its current levels of growth and to spread the benefits of growth more widely. Some positive steps have already been taken in this direction. Huge investments in infrastructure to the tune of $350 billion have been envisaged over the next five years. Connectivity may get a boost with the completion of ~13,000 kms of roads under the Golden Quadrilateral, North-South-East-West (NSEW) corridor and with 4-laning of all the major national highways. This will further facilitate the economic development of smaller towns and cities in the country.

Major real estate destinations of the country and some other emerging towns can be classified into three broad categories depending upon the stage of real estate development that each one of them is undergoing.

Tier I Cities: Bangalore, Mumbai and NCR Characteristics: Fairly well established real estate market. Demand drivers quite pronounced.

Tier II Cities: Hyderabad, Chennai, Pune and Kolkata Characteristics: Growing real estate markets. Experiencing heightened demand and investments.

Tier III Cities: Chandigarh, Ludhiana, Lucknow,Guwahati, Bhubaneswar, Jaipur, Ahmedabad, Surat, Nagpur, Indore, Goa, Visakapatinam, Mysore, Coimbatore, Kochi, Vijaywada, Mangalore, Trivandrum and Baroda Characteristics: Real estate markets yet to establish.Perceived to have substantial potential demand.

As the Indian real estate sector moves higher on the growth curve, a number of state capitals and smaller cities which have relatively better infrastructure and are able to support higher economic growth have come into limelight. These emerging growth centres are characterised by low real estate costs, availability of land for development, untapped manpower pool and rising quality of life. Many of these towns have industrial and tourism driven economic base that can be leveraged for growth. Anticipating the latent demand in these markets, a number of real estate developers and retailers have chalked out expansive plans to harness the opportunity.

Cement Prices Rises By Rs 12/bag

2007-03-11T19:56:00.000+05:30

Retail prices of cement have risen Rs 12 per bag with effect from March 1, 2007 nullifying the finance minister’s move to curb prices by linking excise duty to a higher rate. Prices of cement hovered around Rs 250-255 per bag (Mumbai) at the retail level compared with Rs 240-245 on February 29, 2007, confirmed city-based cement stockists. Excise duty on cement, which was Rs 408/tonne irrespective of the retail price of the commodity, has now been linked to the retail price. Duty has been hiked 50pct to Rs 612/tonne if the retail price exceeds Rs 190/bag and lowered to Rs 350/tonne if the MRP is Rs 190 or lower, as per the differential duty structure proposed in the Budget. Though the new duty structure was ushered in to rein in the prices of cement by acting as an incentive to cement manufacturers to control prices, it has had the opposite effect. However, industry insiders feel that the government may have foreseen the price hike and the real intent of the duty hike is to burst the real estate bubble that built up in the country over the last two years.

Courtesy: 99acres.com

Reliance secures retail space in Kolkata

2007-02-11T12:13:00.000+05:30

Reliance Industries has secured 150,000 sq.ft for its hypermart in the 262-acre Batanagar township coming up as the Calcutta Riverside project just 20 minutes from the Taj Bengal in Kolkata.

Reliance is reported to have obtained the space for Rs 50 crore from Riverbank Holdings, the joint venture between Bata India and Calcutta Metropolitan Group, promoters of the Calcutta Riverside project. The retail operations are likely to commence in 2010 around the time the residential units are ready.

Courtesy: 99acres.com

Navi Mumbai international airport project drives up land prices

2007-02-04T19:44:00.000+05:30

Navi Mumbai international airport project drives up land prices

Source: 99acres.com

Why Photographs for Your Listing Are Important

2006-11-23T18:33:00.000+05:30

To market your property, you are going to need to have some choice photographs. Before whipping out the camera, however, you need to give some thought to the process.

Why Photographs for Your Listing Are Important

One of the most important things that will set your property out from others is photographs. When a buyer is looking in a local MLS, on the internet, or in some other location, photographs draw their attention. Is this shallow? Well, yes and no.

Unless you are talking to a lawyer or psychiatrist, words are cheap. Indeed, the real estate world has its own lexicon of terms that don't really mean what they say and are the basis for some snide remarks. For instance, a "cozy" home is a real estate methodology for saying a property is SMALL! The question, of course, is how small are we talking? This is why photographs are key to your marketing efforts.

In the view of most buyers, the initial proof in the pudding is in photographs. Almost nobody really believes any of the adjectives used in real estate advertisements. Frankly, they words could mean anything. Much like a dating site, however, photographs tend to shed a more objective light on the subject. Unlike a dating site, a property doesn't tend to dramatically age over five years, change hair color, go bald or gain some unwanted pounds. Put in practical terms, buyers don't believe your words, but do believe your photographs.

If you give some thought to what I just said, you will realize that I am suggesting that most buyers assume you will lie about your property in advertisements. Don't take it personally. They don't know you, so why should they trust you? Frankly, they should not. That being said, you can use this distrust to your advantage.

You would be shocked how many people put little or no effort into the photographs of their property. As an old commercial slogan stated - Image is everything. A shallow statement, but true. Your photographs represent the first curb appeal impression buyers will get of your property.

This means you need to strongly consider hiring a professional photographer to take the photographs. They understand lighting, angles and so on. It may sound like an unnecessary expense, but it can be the difference between a sale and sitting on the market for month after month.

An alternative is to take LOTS of photos and try all sorts of angles. Usually interiors look best when only two walls show in any photo, and more of one wall shows than the other. Be sure to get everything that's architectually interesting -- fireplace, Paladian windows, fish pool, etc. If you need 15 photos, take 100 and choose the best.

Courtesy: fsboamerica.org

The Forgotten Owner Carry

2006-08-15T15:24:00.000+05:30

There are many benefits for doing an owner-carry installment sale as opposed to conventional financing for both the buyer and seller. Sometimes the advantages inure to the benefit of one or the other, but in most cases the transaction is “Win/Win” for both parties.

Benefits for the Seller

Most sellers of real property insist on the highest price and all cash. Sellers want a fast closing with little hassle. Sellers also want to pay as little taxes as possible on the gains incurred. In many cases, the seller can have most of his needs satisfied by an installment sale rather than a traditional cash sale. Let’s look at these needs one by one.

1. Highest Price. There is no doubt that a seller can insist on and receive the highest price when offering flexible owner-finance terms. In many cases, the seller can receive more than the fair market value of the property by offering these “soft” terms. People are always willing to pay a premium for non-qualifying financing.

2. Cash. Nearly ever seller says he wants all cash, but few need it. What the typical seller wants is the most net cash from the deal. Often, the seller has to pay closing costs, title insurance, broker fees and the balance of the existing financing. In addition, there may be capital gains tax due to Uncle Sam. In many cases, the sale of a property by an installment sale (particularly a "wraparound") will net the seller more future yield than any source from which the cash proceeds were reinvested.

3. Fast Closing. Nothing holds up a sale more than new lender financing. In some areas of the country, it can take months for a buyer to qualify and close a new loan to purchase your property. Since most standard real estate contracts contain a financing contingency, you may end up back at square one if your buyer does not qualify. Furthermore, if your house is not particularly nice or unique, it may take you some time to even find an interested buyer. Since you are competing with all of the other houses for sale, you may need to spend thousands of dollars in paint, new carpet and landscaping just getting the house ready for the market.

There are very few "assumable" loans and few sellers are offering “soft terms.” Thus, an owner-carry sale makes your house unique. Furthermore, an owner-carry transaction can be consummated in a matter of days, since there is no appraisal, underwriting, survey or other nonsense involved. In many cases, you will be able to sell the property yourself, saving thousands in real estate broker’s fees.

4. Tax Savings. On an installment sale, so you only pay gains to the extent you receive payments each year. This can be particularly advantageous if you have owned the property for several years. Furthermore, you can combine the installment sale with an I.R.C. §1031 Tax-Deferred Exchange for further savings.

As you can see, the installment sale provides many advantages to the seller of real property. Let us now turn to the advantages for the buyer.

Advantages for the Buyer

1. Easy Qualification. The buyer, in many cases, prefers an installment sale to conventional financing because it does not require traditional bank income and credit approval. The buyer may have poor credit because of a divorce or recent bankruptcy. He may be self-employed and cannot prove income. He may be new to his job and cannot meet strict lender guidelines. Even if he could qualify for a loan, the rate will be astronomical if he has poor credit. Furthermore, few conventional lenders offer fixed interest rate loans to people with a poor credit rating.

As you can see, there are dozens of reasons why a buyer cannot (or will not) qualify for a conventional bank loan. The installment sale becomes the perfect solution for him.

2. Credit Rating. An installment sale may give the buyer a chance to improve his credit rating by owning a home and making payments timely.

3. No Loan Costs. One of the biggest benefits for the buyer is not having to pay the costs associated with conventional loans. Points, origination fees, underwriting charges, appraisal, credit reports, title insurance and the plethora of other "junk" fees charged by conventional lenders can amount to thousands of dollars at closing. The buyer is free from these with an owner-carry installment sale.

4. Fast Closing. A buyer can close and move into a property within days, since there is no third party lender holding up the transaction.

Despite the elevated purchase price and interest rate, there are many benefits to a buyer who engages in an installment sale transaction.

Courtesy: legalwiz.com

Properties for sell in Ahmedabad City

2006-05-02T11:11:00.000+05:30

Date: 02nd May, 2006

Property: Available for Sale

City / Locality: Ahmedabad - Vastrapur

Area / Price: 3000 Sqft. / Rs. 18,00,000

Description: Residential Apartment for sale in West Vastrapur Ahmedabad.

Contact- http://www.gujaratestate.com / info@gujaratestate.com / 9824011999

Date: 02nd May, 2006

Property: Available for Sale

City / Locality: Ahmedabad - Law Garden

Area / Price: 1575 Sqft. (175 Sp. Yards) / Rs. 18,00,000

Description: Residential Apartment for sale in Central C/92, Hari Om Towers, Law Garden Ahmedabad

Contact- http://www.gujaratestate.com / info@gujaratestate.com / 9824011999

Ahmedabad Real Estate Agent, Ahmedabad Real Estate Consultant, Real Estate Articles India: Are you "CLEAR" on What is a Good Deal?

2006-04-24T23:29:00.000+05:30

Ahmedabad Real Estate Agent, Ahmedabad Real Estate Consultant, Real Estate Articles India: Are you "CLEAR" on What is a Good Deal?