Your dream luxury destination

Who doesn’t want luxury in daily life? After a long day everyone searches for comfort and luxury and if his home successfully provides it, it will be just perfect for him.

Nowadays luxury real estate is gaining popularity. More and more people are attracted toward luxurious living, thus the real estate market is also expanding in this area. All over India the top builders like, DLF, MGH, Bhagats, Shrachi, Bengal Peerless, D.C Paul and others have started making such luxury destinations. Some builders are even clubbing it with other facilities like lifestyle clubs, restaurants, shops, children’s park and entertainment zone. They have named these as lifestyle projects. These projects are in high demand among the NRI clients. Almost in all metros, Calcutta, Delhi, Chennai, Bengaluru, Hyderabad and Mumbai, the top builders have introduced such luxury projects. These projects are little high priced, due to special facilities they provide.

With the boost in overall economy, people today enjoy spending in lifestyle. They have started improving the basic standard of living and having experienced quality living standard in abroad, many prefer to enjoy similar facilities in India. For them the developers have created new luxury destination in India. Today anyone can spend in luxury homes and enjoy facilities like never before.

How to sell a house and earn money?

To sell your property or land and earn quick money is what everyone dreams off. Many people believe in investing in land and property rather than investing in other securities. But to make money from the investment he must know the exact process of selling the property.
• Inspect the condition of the house and the fix a price.
• Check all property papers are in line and there is no dispute in this regard
• Talk to friends and find out if any one is interested.
• Advertise in the local paper and also in the website.
• Develop your communication and motivation skill so that it becomes easy for you to convince the clients.
• Hire professional sells people if needed.
• If you have huge properties then start selling in parts. For. e.g. sell the shop areas first then may be flats or duplex.
• Check with banks and collect information about second hand house loans.
• Create the hype and inform anyone and everyone about the availability of the house
• Renovate the interior if needed.
• If you have used the flat, do check that all connections and bills are cleared till the last month.

Tips of becoming a real estate marketing specialist

Today real estate ha grown as a appropriate field for employment. Young graduates and specialists in marketing field are opting for this field. To sell a property is very challenging and the field provides immense scope to grow and make quick money. Therefore follow the below mentioned tips if you wish to plan a future in property selling.
• You must have passion for your work.
• A professional degree in sales and marketing will give you an edge in the competitive market and you will grow fat.
• Identify your clients and develop your communication skill. Approach wisely and get your property sold.
• As a real estate professional, do not remain within flat and houses selling. Instead try and work as a fresher in big projects and learn about space selling, like, office space, shop or other properties.
• Understand the demand of your client, know their budget and then help them with their hunt.
• Learn briefly about law and order and other government laid rules about property owning in that city or town.
• Also find out about home loans. Try and help your client as much as you can. In this way you will be able to win their trust.

Tips of buying a second hand house in India.

If you plan to buy a pre owned flat which is available in a good condition, do follow the simple steps while purchasing to avoid any hassles in future.
• Arrange for fund. Since you will need quick money, do visit the banks and find out about the house loans and etc.
• Do check the location of the lat or house you are planning to buy. Your residence must be in a good position in the city.
• Inspect properly if needed take help from experts and find out the present condition of plumbing, woodwork, electricity, fitting and etc.
• Before finalizing on the price do go for property estimation. This will help you in availing better bargain.
• Do keep extra 10 % expense in your budget, and bargain wisely because you will need to renovate and reword on the interior before using it. Hence you will need extra cash for this work.
• Do not buy a problem house, for e.g. if you see dispute, death or NRI owner and never go through a broker.
• Check out if it has garage facility for the owner or not.
• Inspect land ownership, plan and other documents. If needed take professional help and get things checked by a lawyer.

How to check the authenticity of the real estate developer?

If you are planning to buy a home in India, do check the authenticity of the builder or developer. Read the article and gather tips of buying a property.
Do request the builder or developer to supply you with the following detail before finalizing on the project.
• Legal papers about the ownership of the land. Do check thoroughly if the land has more than single owner. If you have any doubt about any information, do consult a property specialist lawyer and get the documents checked by him.
• Check at the local police station, if there is any case against the particular builder or is he into some land related dispute.
• Next request for the construction clearance papers and for the approved plan of the building. Get it checked and verified at the local government office.
• You can also ask the builder about the bank which has provided the loan and can contact the respective bank later to find out about the financial status of the project.
• Also speak to other client’s about the performance and service in regards to maintenance and quality construction.
You must go for a thorough scrutiny so that you may not fall into some land or property oriented dispute after you have spend your hard earned money.

Property Prices increasing, Nice Time to Make Money from Second Property

As property costs surpasses the 2008 top levels, realty specialiststrust that a alteration is probable in the coming couple of quarters, particularly in cities like Mumbai and Delhi where prices have developed faster. This gives a chance to real estate investors to earn profits. A Navi Mumbai-based marketing executive, Parvinder Singh Sidhu, approves. Five years before, he had purchased a second home of 750-sq-ft flat at Belapur in Navi Mumbai for around Inr13 lakh. Nowadays, the worth of the apartment is Inr35-40 lakh. However, with the talk of improvement in the Mumbai property market, Sidhu is preparing to vend this house and make profits now. “I have a house to stay, so I can think of selling this one. If property rates drop in the future, I could purchase a same property at a lesser price,” he stated.

Is it truly a good time to earn money in on your real estate investment? The president of the (EAAI) Estate Agents Association of India,YashwantDalalstates that property values in several markets have started to show signs of improvement. ” Where the costs have peaked, we assume the prices to drop by 25-40% in bigger cities. If you had purchased a house earlier just as an investment, I would propose that you sell as soon as you can and purchase a parallel property at reasonable price later,” says Dalal. As per him, property purchased even 3 years back may have valuedalmost 100-150 percent in some regions, so it may be a nice time to reserve profits.

Real estate projects in India

Due to recent popularity of land and property in India, many renowned builders have started investing in the Gurgaon area. In Gurgaon the investment is easy and houses and offices are available at a competitive price. Thus it has become one of the first preferences among the investors and developers.

Among the pioneer developers, DLF, MGH vilas, DLF Magnolia and very recently Ambience Caitriona has emerged in the city. These preferred projects offer 4-5 bedrooms flat with central air conditioning system. These projects are equipped with modern amenities and are specifically constructed as per client’s demand.

This popularity of real estate is so contagious that even the best developers of the country have decided to develop new projects for both upper and middle class.These projects are spread all over from Gurgaon Sohna Road, MG Road, Old Gurgaon Road and Golf Course Road. Most of the high end projects for instance The Palm Drive and The Palm Springs by Emaar MGF, Belgravia at Central park 2 and Raisina by Tata Housing are coming in Sohna Road and Golf course road in Gurgaon.

Besides residential projects, they are constructing, new offices and expensive houses. Since this place is highly accessible from south Delhi, both investors and house hunter prefer this location.

Attractive property investment opportunity in India

If you are interested in making good money, real estate India gives you the scope of doing it comfortably. Although the recent recession has mildly affected the property market and has actually helped some by affecting the price of properties. The high priced properties dropped and this helped the middle class clients to get the scope of investing in such lifestyle properties in a cheap price.

From a different perspective, the real estate in India has offered attractive scopes of making more money. As far as the investment options are concerned, stock, trade are not as promising as this real estate market. Other options are subject to market risk and have to depend on fluctuating sensex. Even the interest rate offered by bank and government securities is not as lucrative as investing in land or property. According to the industry experts, in next few years India will experience a huge growth in the real estate sector, hence investing in land will be rewarding.

Today with the increase in purchasing power due to NRI sector, it is wise to invest in property. As the market shows hopes of growth and good return in future at present you must decide on the investment so that you may get good profit in future.

Upcoming Real Estate Projects in India

Below mentioned are the upcoming projects in India;
Special projects like, Ravisa in Ahmedabad, Shri Sumati Enclave in Ghaziabad, New Virat Nagar Phase 1 in Jaipr, Earth Infrastructures in Gurgaon, Indiabulls Enigma in Gurgaon, Bharat City in Ghaziabad, Raheja revanta in Gurgaon, Fusion homes in Ghaziabad and Ekta Meadows in Mumbai. To know all about these projects you must visit their respective websites and contact there to get more relevant information.

Apart from residential projects in cities like Kolkata, many commercial projects like Spring Valley is in the pipeline. The city has already experience the beautiful project like Vedic village, which is considered as one of the best properties in the world. This year the builder group has decided to come up with another similar project called Spring Valley. As the name valley denotes, it will have green golf ground and out door sports like Calcutta has never seen before. The rooms and clubbing will be located on the other side and spa and nature-o- therapy will be offered here for the first time. The valley is very close to airport, so that it is easy for any one to reach there comfortably. The rooms are well constructed and rates are within reach of many.

Tips for land purchase in India

Investing in land and erecting your personal house can be a dream for many middle class Indians. Try and select a plot not far from locality. You must reside close to the city so that you can enjoy all facilities yet can lead a life in peace. But to understand the issues involved in this activity of land purchase and raising your dream house, read the below mentioned points properly.

• Your first criteria should be purchasing the land properly and wisely so that you do not face any trouble in future.
• Always check before investing. Do check and invest in residential land only.
• Do check the legal issues, like title of the land, registration, property certificate and etc.
• Do not forget to get your plan for construction sanctioned by the local authority so that you face trouble in future.
• Also ensure about the tax clarity
• So check that your house must have an independent road for entry and exit.

Finally before construction do check that the land has adequate electrical connection, sanitary and drinking water connection. And water supply, drainage system and sewage, rain water clearance is also important aspects to be checked before purchasing the land.

Tips to buy your dream home

For most people investing in their dream home just happens once in their lifetime. Therefore to spend on their dream home, they must do a thorough research on property developers and then decide.
To make your home shopping easy, we have some below mentioned tips for you. Just read through these tips and spend wisely on real estate;
• Identify your needs. Answer questions like, how many people will reside in the house? Their taste, preference. If you have guests to come over and stay often and etc.
• Frame a budget and the go home shopping. You budget will help you select the best within you reach.
• Decide if you want a flat or house.
• Discuss with your family members. Since you will be not staying alone in the house, you must discuss every issue with them.
• Find out how many rooms you need primarily. Apart from living, bed and kitchen if you have children you must have their room and a study.
• Plan out for a lawn or garden space. Accordingly select the plot area.
• If need be take help from professionals and make your dream home a reality.

Thus you can follow these tips and get your dream home constructed as early as possible.

. All about the shopping complex and commercial building

Since the mid nineties, India too has invested in developing huge office buildings and commercial building as public places. Today almost every city has huge shopping complex, natural parks, entertainment hubs, heritage plaza and etc. Malls have special structure that offers one stop shopping experience which one used to enjoy in other countries. Today every individual while returning from office, just drives in to any mall and does his shopping or spend time watching movie and then return home. Malls have become an outdoor spot for every individual.

Just as the commercial building have developed, so has the office buildings underwent facelift. The IT investment has a major effect in the industry. Today almost every building is constructed in a special way. Most offices are huge and special interior designers are employed to beautify such buildings. Renowned architects design these office buildings and make work area a happy zone to roam about.

Both commercial and shopping complexes have suffered up gradation. New designers, architects, interior specialists have stepped in and together they are working in order to beautify the cities. These buildings have multiple facilities so that the visitor gets everything under one roof. Life has really become more organized with recent real estate activity.

Real craze behind the land business

Now days the trend in property making is, offering a set lifestyle to its client. Suppose you wish to buy a flat and you contacted a builder. He will immediately take you to the project site which is under preparation and explain you what all facilities you will get along with the residential flat. In most cases, they offer a lifestyle club with multi gym facility, lawn, sports area and Children Park. They also have special security system and many other dedicated facilities that were not available in the project of the initial days. Hence, the makers offer you a complete package with numerous facilities that you get along with the flat to live in.

These new real estate projects are growing all over the country. The present generation also prefers to invest in life style category flats so that they do not have to drive down the city and go for gym or children’s play area. Since everyone is working, people hardly have extra time to spend on such activities, but if they are available within the premises, then things become comfortable and easy to access. Thus the new life style clubs have started pulling crowds and the generation next couples are happily investing in such lifestyle projects.

Indian real estate trend: a brief idea

Real estate is one of the most profitable businesses of India. Its growth and investment has boosted the recent economy of the country. Since the price of land has a tendency to increase, people here prefers to invest in lands and in possible in dwelling flats. The graph of this sector always indicates profit for its investors. Hence in India it is wise to invest in lands and buildings and sell if and when you are in need of immediate money. In olden days people used to invest in trading. Today, besides trading spending on land is wiser and almost pays more than double return of the money spent.

Today in all the major cities like, Delhi, Mumbai, Hyderabad, Chennai, the areas in and around the city is developing very fast. New building, flats, houses, shopping malls are being raised all over the city. Old cities like Kolkata is even experiencing similar trend in the extension city areas or near by suburban areas. The new offices and building are giving new look to the old city. Today any and every salaried person is therefore investing in real estate heavily.

Thus today’s generation can spend in land and can easily secure their future.

Most number of unsold homes in Delhi NCR

The price levels is being maintained by the real estate developers as the interest rates are rising and demand is slowing down. According to real estate intelligence platform, this year the maximum number of unsold property was observed highest in Delhi-NCR at 102,758, it was followed by Mumbai at 90,512 and after that Bangalore with 46,596 units. Combinations of many factors like rise in interest rates, slow demand are responsible for inventory pile up. The concerns for the developers this year has been limited access to funds, high construction costs and increasing cost of debts. Regulatory policy by RBI, delay in getting project approval and uncertainties related to land acquisition also affected the developers. For buyers the biggest issue for concern was affordability.

Since March 2010, Reserve bank of India has raised its policy rates by 12 per cent. Lending rate of banks showed similar rise. The price correction in real estate which was expected by the buyers does not seem to happen yet. The developers have slowed their fresh launches but there is still no fall in price rates. Reports show Gurgaon showed maximum price rise of 21.4 per cent, Mumbai at 13.2 per cent and Pune at 12.5 per cent.

No drop in real estate prices

Economics theory of demand and supply is not in accordance with the real estate market of India. It is not hidden that the actual demand of both commercial and residential real estate is currently quite low in India. Everyone knows that not even half of recently launched new projects have been sold in the major new cities in the country and as a result the inventories are getting piled up with the builders. In a survey report submitted by a property selling website there has been a drop of around 1 per cent in property index prices nationally. The major metropolitan cities like Bangalore, Mumbai and Hyderabad are experiencing bigger downfall.

It cannot be estimated that in future any correction in prices can be observed which can materialise the demand. It’s a difficult task to figure out the exact period of time till which this trend will stay. The research head of Knight Frank said that the main reason of high real estate price is market being governed by investors and not by consumers. The total absorption of investors comprise of 50-53 per cent. The investors, who rent out property, get full tax exemptions on the interest rate. On the other hand a first time buyer gets only 1, 50,000 exemptions on interest.

Real estate PE funds reduce investment goals

Investors in the real estate sector are getting much cautious in putting their investments in the real estate sector. This can be attributed to a variety of causes but for investors all that matter is investing at the right time, for the right project and also with the right fund manager. Nowadays as many real estate sector private equity (PE) managers have hit the markets with new fund raising plans; it has changed the whole situation.
According to Mr. Shohbit Agarwal, joint MD, Capital Markets, JLL the new funds hitting the markets are looking for smaller investment cycles, they are raising smaller amounts keeping in view the current market position. Many realty firms have reduced their investments targets much lower to what they earlier sought to achieve.
Various firms like Kotak Realty, DHFL, ICICI Ventures have already lowered their investments in the sector, and many other such real estate firms are planning on the same lines.
Such companies are looking out for smaller investment period. They are looking out for residential projects in smaller cities mostly. Mr. Vikas, Director at Kotak Realty firm expressed that it’s a challenging time to raise funds, but for them it was about making small investment with small target.

More demand in real estate market

With home loan interest rates going north, prospective investors are moving towards suburbs and peripheral areas of the cities.
According to a recent survey conducted by MagicBricks, around 81% of respondents said they would defer the purchase. In other words, more and more buyers are will prefer to wait for some more time. They won’t buy any fresh properties.
However, according to the survey, 57% of the respondents want to buy in the next six months.
The survey says that due to rising home loan interest rates, investors are more or less out of the property market in the metro cities.

Around 60% of respondents said they are living in rented houses. 50% of the respondents are buying properties for immediate self-use and another 34% are buying for future end use.

More than 66% of the prospective buyers have reconciled to buying in the suburbs and peripheral areas. But they are buying only in those areas and localities that are close to employment hubs or areas that have strong transport linkages to these emerged high on user priority lists. They also keep in mind such other facilities like civic amenities, social infrastructure and return on investment.
Around 45% respondents feel that social infrastructure is the most important factor while buying a property. Schools, hospitals, and institutes of higher education, shopping and entertainment facilities are key social infrastructure.
Among civic infrastructure, water and power supply and back-ups, good quality sanitation, health and waste management are more important.

Property deals peak ahead of value revision

A new set of market-based guideline values for property registration will come into force from January, builders and buyers in Tamil Nadu are rushing to close deals before the charges are revised.

The number of property deals has witnessed a sharp rise after the announcement for revised guidelines was made. Thus in the month of November alone, the Tamil Nadu government mopped up Rs 715 crore from stamp duty and registration charges.

A senior government official said that there is a panic in the minds of prospective buyers and builders, as stamp duty and registration charges will rise sharply once the new guidelines come into force.
A large number of transactions take place daily in cities like Chennai and Coimbatore.

The state government collected Rs 3,965 crore till November in the current fiscal from property registrations. This was 23.17% higher than the identical period last year.
And this is the highest earning for a month in the last 20 years.

During the year financial year, 2010-11, the State government's revenue from stamp duty and registration charges amounted to Rs 5,020 crore, which is expected to go up to Rs 6,500 crore.

The guideline value is the minimum value of a land determined by the government, based on which stamp duty and registration charges are calculated. The charges add up to 9% of the value of the property.
The draft of new guideline values was published on December 15, and the final values will be announced in January. The values were revised last way back in 2007.

As equity sinks, HNIs move money to realty

With equities losing charm, high networth individuals (HNIs) are asking their wealth managers to invets more and more capitals in more lucrative commercial assets.
At the current situation, stock markets are becoming more and more unpredictable and the real estate values have slumped in some cities.
So, the HNIs are buying more and more pre-leased commercial assets.
With the demand for office space growing up, especially by the IT/ITeS sector, office rentals have rebounded and are touching the 2007 levels.
Such pre-leased properties are yielding annualised returns of 10%-12%.

Earlier, HNIs used to invest in under-construction residential buildings. Now, they are moving away from such asset. They are now eying the real estate market that is witnessing a price correction in some parts of the country. This is happening due to some controversies surrounding land acquisition in some places like Noida.
Local real estate funds are also emerging as a preferred investment option for the HNIs.
Due to such controversies in the land acquisition process, the Reserve bank of India (RBI) has come out more stringent laws to regulate flow of funds to the real estate sector.
Banks have been directed by the apex bank to reduce their exposure to the real estate sector. But HNIs are pumping more and more funds in areas that are yielding more returns.