Slowdown in Real Estate India

There has been an overall slowdown in real estate industry and various industry players have been affected. Some factors responsible for this slowdown can be increase in interest rates, slowdown in IT industry, increase in property prices, and increase in interest rates loan rates because of which many property buyers have stepped out of market. But somehow this slowdown can bring happiness to those middle class buyers who have been eagerly waiting for the property prices to come down. In major cities such as Delhi, Mumbai, Bangalore, Chennai and Hyderabad real estate market has come down. Also because of increase in cost of raw materials like steel, iron and building material builders are facing difficulty of constructing property at agreed prices.

As realty business in Bangalore has been hit by global financial crisis because of this uncertain condition in Indian equity market and property prices builders have come in formidable situation. The condition is that approximately 400 flats or more are still vacant despite of advertisements. And the situation is same with many top builders of country. Many builders’ developers said they have faced a drop in new projects as compared to last year because of which condition has become worse in the market. 

Real Estate Investments in India

As per the investment and real estate experts there is a boom expected in the real estate market in India and this is the reason why people are looking for investments in Indian real estate. Now with the Indian Government itself trying to make the real estate market a favourite place for the investors there is a good amount of potential interest seen by the investors. Also the investments in real estate are now considered to be safe. This is also supported by the fact that there is a liberalization noticed in the foreign direct policy to attract foreign investors.

As per the industry experts, the real estate market is considered as a driving factor of Indian economy. As per the facts, foreign direct investment is expected to increase to US$25 billion in the next 10 years. FDI inflows in real estate in 2011-12 were Rs.2750 crore (USS 493.80 million). In May 2012, FDI inflows in real estate were Rs.419.87 crore as compared to Rs.321.35 crore.

Indian real estate became as popular sector for private equity funds. There was an investment noticed of around US$1,700 million in this sector during 2011. Private Equity in real estate projects will fetch considerable returns by next year-end or early 2013, according to Vikram Hosangady, Partner, KPMG.

In order to modernise the infrastructure, there is a need to invest US$ 1.2 trillion over next 20 years as per the report released by McKinsey Global Institute (MGI)-India’s urban awakening. 

Real Estate Future in India

Indian real estate market is expecting a big hike in the upcoming years and is expected to be of US$180 billion by 2020. With the increase in economy, there is a demand for residential, commercial and retail real estate throughout India. Also there is a steep growth in demand for hotels, malls, hospitals etc. There is also a need to improve the existing infrastructure in order to meet the demands of technology. Demand is expected to grow at a compound annual growth rate (CAGR) of 19 per cent between 2010 and 2014. Also it has been noticed that Tier 1 metropolitan cities are expected to account for about 40 per cent of this.

Smaller cities are also attracting the big real estate investors. The reason for this is growth prospects and price stability. Also residential apartments are also required in smaller cities. As per the report the sale of new residential apartments in 10  smaller cities are at around US$ 4 billion in 2012. With this it is expected that almost 2 million new graduates will join the workforce, hence in order to accommodate them, there is a creating demand for 100 million square feet of office and industrial space.

With the presence of large number of Fortune 500 companies in sectors such as chemicals, apparels, pharmaceuticals and jewellery in India, there is an opportunity to attract foreign investors in India. This will again boost the real estate sector of India. 

Effect of Real Estate in development of India

Indian economy is experiencing robust growth since last few years and it is expected to touch new heights in the upcoming years. With the growth in the economy the same growth is expected in real estate industry as well. In India with the liberalisation of the economy, the real estate sector became prominent. There was an increase noticed in business opportunities, labour migration and consumer need; hence there is a growth observed in commercial and housing space. That is why there is growth observed in real estate industry.

Currently, the real estate and construction sector is playing a major role in India’s core infrastructure development. It is providing employment to many people. Everyday there are new units coming in and thus many people are getting employed day by day. After agriculture, real estate industry is turning out to be second largest employer. With all these factors in consideration, the real estate sector is expecting a growth of 30 per cent.

According to a study done by ICRA, the construction industry hold third position amongst the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy. With the growth in retail industry, there are several other sectors as well which are expecting the similar effect like hospitality (hotels, resorts, cinema, and theatres) sector, schools and information technology, etc and IT enabled services.

The real estate sector is majorly divided into four sub-sectors:

-       Housing

-       Retail

-       Hospitality

-       Commercial

In the entire housing sector contributes five-six per cent to the country’s gross domestic product. 

Is investment in Mumbai's real estate lucrative?

Mumbai is financial capital of India. It is also the richest city in west and central Asia. The very status of the city attracted various real estate investors over the years. Majority of the investment is made in small real estate projects with aim to capitalize on them in future.

The real estate sector in Mumbai witnessed a major boom with the rise of IT industry with several multinational companies coming to the city attracting lakhs of IT professionals from across the country. This created a considerable size of customers for real estate in Mumbai as the neo rich people went on rampage to invest in real estate which was mainly demand driven. With the boom in early 2000, real estate companies launched major projects since it was highly lucrative. The real estate rates in Mumbai went shooting through sky from 2000 to 2006 taking it out of reach of the common man. However, the real estate prices in Mumbai came down crashing by half in 2008 due to global melt down.

The year 2009 saw an all time low investments in real estate in Mumbai; still the decrease was not as low as compared to other cities in the world. There was gradual but steady increase in real estate prices in Mumbai post 2010.

Benefits of buying a property near the lakes

If you like to live in a home in the calm and private environment, property near the lake is for you.  Living in a home near the lake can be a perfect destination for vacation to enjoy with your dear ones. 

If you want to purchase a home as the second option and use it rarely then home near the lake will entice you a lot. In this article we will discuss various benefits of buying a home near the lake.

1. Soon people will hate to live in urban cities. As the pollution, noise and traffic are the hatred factors also have adverse effects on the human bodies. They will look for the peaceful place far from the crowd in the clean and pure environment. The home near the lake will be their destination.
2. The city disturbances do reduce our efficiency so we look for the place where we can spend cheerful time with our family. Enjoying the picnic
3. Enjoying the picnic in the serene locations in your property, enjoying the leisure time in swimming, riding and fishery provide you wonderful time in life. So you get more time to live with your family.
4. Isolation: If you like to live in isolation then home near the lake provides you appropriate privacy you are looking for. comfortable Home offers you huge recreation and for the corporate people this home is the best place to conduct meetings with clients.

Overview of the Real Estate Industry in India

In India, Real Estate Industry has experienced robust growth and is expected to be one of the fastest growing economies. Thanks to the advantage India; growing demand, attractive opportunities, and the policy support. The demand for residential property has gone up due to increased urbanization. As the economy is nurturing, the demand for corporate, residential, academics, diversion (hotels, restaurants, theaters, malls, etc.), retail space and it offers services like BPO properties is also increasing. As FDI in retail has been allowed subject to certain conditions, the demand for retail space has grown up to a greater extent.

Subsequently, other sectors especially, education and healthcare requires space to work and that’s why real estate is growing rapidly. The real estate sector in India assumed greater importance with the liberalization of the economy, as the consequent increase in business opportunities and labor migration led to rising demand for commercial and housing space. These days, the real estate and construction sectors are playing a crucial role in the overall development of India’s core infrastructure. It is the second largest employer after agriculture.

On Government policies, it is really helping the real estate sector to prosper. Like, government has raised housing loan limits which in turn help the getting housing finances easier. Also, FDI is upto100 percent allowed for developing townships and settlements. Since, townships are the trend in the real estate market; foreign players are thereby investing in real estate industry in India. DLF and Godrej are the important players in the Real Estate Industry.

International Home Design Tips

The usual route to acquiring houses is to buy one in a scheme announced by a builder or buy an old house and renovate it. Only a few can afford to design and build homes from ground up. If you happen to be one of the fortunate few, you are likely to consider international contemporary home design over Indian style architecture. Consider these aspects:

• Single storey or double storeyed? Having two floors in a house is advantageous and practical. In India it is usually very hot and by having a floor above, the ground floor can remain cool.
• Large windows and doors or small ones? Large windows and doors can let in a lot of fresh air. Conversely, during summer, they also let in a lot of heat and dust. It depends on whether you want your home to reflect a roomy spacious, well lighted ambience or to have a cozy and warm feel. How you will decorate the interior and place furniture may also influence your choice.
• Leave a large area for a landscaped garden or use the maximum permissible area for construction? A smaller house with two floors and a large surrounding landscaped area with a small water body and fountain takes on a charming air and also gives you plenty of greenery as well as privacy.
• Green buildings, energy conservation: The buzz words these days, it does help to have energy efficient buildings that stay cool in summer and are naturaly warmed during winter.
• Material of construction: Indian construction involves masonry and RCC. You could mix it with timber (for flooring or roofing), fiberglass or laminated insulated aluminum/metal corrugated sheets for a different look. While at it, you can even consider prefab housing that can be put up within a week, complete with wiring, water supply and drainage.
• Furniture, furnishings, kitchen, etc:  there is no end to creative use of colors in interiors to convey different moods. You can have a uniform smooth colored walls or textured walls or highlight an alcove or ceiling with a dark rich shade. However, it does look if furnishings, furniture and fittings, including electricals are harmonised to fit the style: modern, traditional or others.

Do you want your home to be a showpiece and the centre of activities or a cozy retreat for your family? Ask yourself these and other questions when you sit down to visualize your home. You can find some useful ideas on property sites India based.

*******

Locate the Cheapest Home Loans

When you set out to buy properties, you will need a home loan. You can approach independent financial institutions, private sector banks or public sector banks. Lenders like Bajaj Finserve and others may have higher processing fees, documentation charges and rate of interest. If you go for private sector banks like ICICI and HDFC, you are assured of perfect services and timely disbursal of loans but you have to pay a higher amount towards processing fees and other charges. The cheapest home loans are available from public sector banks. State Bank of India is the leading bank but there is a feeling that only high value loans receive preferential treatment whereas if you were to approach them for amounts less than Rs. 20 lakhs, you may come across a wall.

The other banks like Bank of India are more friendly and customer friendly in this regard with easier and quicker processing and no discrimination even if loan amount is low. As regards processing fees, a survey showed that Bank of Baroda and Canara Bank charged 10.5% effective rate of interest but the former levied 0% processing fees. Punjab National Bank charged 10.75% as did HDFC home loan with a uniform 0.5% processing fees. OBC is the lowest at 10.4% and processing fee of 0.5%.

The term cheapest is relative. If you choose floating interest and rates dip in future, you benefit or lose if it is otherwise. Then again you have to consider how the banks adjust the floating rate against their internal rate. Public sector banks loans are on a reducing basis whereas some lenders have a fixed rate on the entire loan amount throughout the tenure of repayment. It is not just the initial offering you have to consider but also the final amount you will end up paying.

A good idea to get comparative statements of home loans from various lenders is to visit property sites India focused and you will come across useful information about loans and properties for sale.

****

Selling Your House Already Under Lien to a Bank

You may have purchased a house through a bank loan and then, after a couple of years, you wish to move to a larger house or to another city. If you wish to sell your house that is already mortgaged to a bank the outstanding amount of loan will have to be settled before the bank releases original property documents.

If you find a buyer who is ready to make a lumpsum payment, the process is easy and that down payment can be mentioned in the agreement to purchase, adjustable against the final value of the property. Once the property documents are released by making full repayment, you can enter into a final agreement and execute the sale deed. If you make a profit, it is considered as capital gains and if you have sold the property within three years of purchase, you would become liable to short term capital gains tax even if you reinvest in property. Both of you would need to agree on payment of registration and stamp duties involved in the property transfer process.

If the buyer intends to apply for a loan to the same bank as yours or to another bank, you will need to provide him a copy of the set of documents. The buyer should also be aware that his loan will not be considered until you have cleared the existing loan. You could execute an agreement to purchase and have the buyer advance the amount to repay the existing loan. If he is not prepared to do this, you will need to make arrangements to repay the loan and obtain the No Dues Certificate and the original set of property documents from your bank. 

********

Why You Must Buy a House, Even if it Means Taking a Home Loan

A bank loan may be the only way you will ever be able to acquire a house, given the current high prices. You may feel set against loans since the interest amount can be quite high, especially if the loan is spread over a longer tenure. You may not want the stress of EMI repayments hanging over your head each month for the next ten to 15 years. All said and done, it is still worth the effort.

The current inflation rate is 7 to 8%. If you put your money in a savings account, you earn less and actually your money’s future value depreciates. Assuming you save the same amount as you would pay for the EMI, your future value will get you less. Property prices always appreciate, significantly beyond the inflation rate, and yield higher returns if you sell at the right time. Properties can also prove to be assets against which you can secure loans. The interest on home loans in India is 11%. The instalment and interest you pay are eligible for tax benefits and you can use online  tax saving tool for easy calculations. If you apply in joint names, both owners are eligible to claim deductions.  You calculate tax savings and the future projected value of your property and will find that it is one of the best ways to build appreciating assets.

You can rent out the property and earn almost 

Guarantor’s Liabilities in Case of Home Loans in India

Institutions disbursing loans in India usually ask for a guarantor. It is no different in the case of home loans in India. The borrower must furnish a guarantor. If you are asked to become a guarantor, understand the liabilities before you sign.

According to law if the borrower does not repay the loan or dies, and if his heirs refuse to repay, the lender will exercise his right to claim the oustanding from the guarantor.  If the borrower defaults four consecutive EMIs the bank sends a notice to the guarantor. Before coming to this stage the bank will usually request the guarantor to follow up with the borrower, if he is alive, and get him to pay up. If he is deceased the guarantor may be asked to persuade the heirs to pay. If default continues the bank may institute legal proceedings for recovery against borrower and guarantor. If the borrower or his heirs default, invariably the guarantor has to pay. The financial burden, especially in case of home loans, can be huge and what is worse, the guarantor gains nothing in the process, not even right to the property.

Before becoming a guarantor you should make sure the borrower has the capacity to repay and that his heirs can be trusted to take up the loan EMI repayment on his death.

*******

Top level mistakes that novice real estate agents make

With the boom in the real estate business, many people have turned to taking up real estate as business. But most of them fail to reach the level and as a result very few good realtors are nowadays available. There are many people of various talents and abilities, but they also make some common mistakes.

Becoming a Realtor surely does cost a little of your fortune. Getting the MLS is the most important thing. The MLS differentiates us from the other salesman as we present homes that are already set to be sold.

Many of the new agents when enter the business feel that they are taking up new job. They fail to realize that it is the whole new business that they will be doing. They look up themselves just as employees. They fail to bring a business plan, without which any business stands incomplete. The main focus of a business plan is to help us understand where we are going and how the next level has to be reached. It always keeps constrains on our goals.

The real estate agent also has to understand that a whole new process goes into while dealing with the client. Be computer savvy. Use emails. When the agent is dealing with a client, he/she should remember that the client is the next marketing tool and the client has to be dealt with in such a manner that they should refer to somebody else in the future.

Residential properties in Gurgaon-the large attraction among the new comers

When you move in Gurgaon, the very first question you may ask is whether the rental homes are available here? This is the general question that can be asked by any common man coming Gurgaon for job or business or for permanent stay.

Due to increase in the demand of properties in Gurgaon, it has become the city in demand in the NCR region. Due to its increased corporate importance, many corporate properties have been established here including regional, countryside and international.

Restaurants and plazas are another ongoing constructions added to the enhancement of the city. Due to increased population, Gurgaon is facing serious residential troubles. Considering this every new comer of Gurgaon asks for the vacant residential space.

However it doesn’t mean that Gurgaon is facing the scarcity of residential space. Gurgaon is accomplished with several residential properties in various dimensions and sizes including deluxe flats, villas, banquets, luxury cottages and penthouses which are in high demand. These accommodations are capable enough to attract the rich and high status people in Gurgaon.

The rental prices in this city are quite larger rather than the nearby locations. For an instance 4 BHK home in the nice area can be obtained in 20,000 rupees to 40,000 rupees.  However the same properties can b owned in comparable fewer charges in the near regions of Delhi. However as there are more new projects are under construction in Gurgaon so we can expect less rental prices once these projects will be ready for accommodation.

Real Estate properties- the worth business future in Gurgaon

In the real estate asset of India Gurgaon has a prospective place and is the wide center of attraction among the investors. Gurgaon real estate is an active market for the chief players of this sector. As Gurgaon is the leading corporate hub in the India, large multinational companies across the nation are choosing this city for their functional enhancement.

 Since Gurgaon is the chief center of consideration among various multinational companies and leading groups, the real estate prices are appreciably higher in the recent years. So the real estate businessmen have found this city as the bright option of investment. With the enhancement in the corporation industry the city’s inhabitant has been quite increased.

 Due to which schools, hotels, hospitals and technical institutions has been developed in large count in this region. The population rate has also added the worth in the commercial properties of this city. The development of city in this measure has also increased the scope of real estate asset in this town.

Gurgaon is the famous real estate location with the presence of lucrative buildings for example Unitech, Parsynth and DLF, remark of liberty of Gurgaon in the corporate world. The real estate astrologers are also considering this city for the latest projects which have provided Gurgaon more refrained look. In the construction of latest real projects the companies are using advanced technologies and that has improved the value of properties and apartments. The real estate projects are increasing the business opportunities among the realtors and the future scope.

Refinancing- An easy house loaning method

Investing in real estate is one of the prime topics to concern in these days that are attracting the businessmen and new business biers a lot. In this article we will discuss the best reasons to choose the real estate investment as your business. If you want to sell your home, first you must first keep yourself and your house secure so that you can sell your home at the best industry price and those who purchase your home can get the best accommodation.

Real estate investment is also a better business plan for retired and old aged people since in this business all you have to invest the money and hire intelligent agents, rest is done by them. 

As the present economical market is down that has closed various earning doors due to which we are compelled to cut off our various expenditures like cut off in visiting the hotels and enjoying the vacations and spending the cheerful time outside with family and enjoying the meals? Each of us is seeking to reduce the cost of expenditures. In the tensions of saving money we generally discourage various common methods that can help us in saving- one of the common methods is refinancing.

Refinancing is the term denotes the replacement of your present housing loan with other loan at less interest so more saving. In refinancing we take another loan from the bank, it is recommended to take second loan from the same and verify the interest details. If you choose another bank you may have to suffer additional charges.

Effect of Real Estate

Indian economy is experiencing robust growth since last few years and it is expected to touch new heights in the upcoming years. With the growth in the economy the same growth is expected in real estate industry as well. In India with the liberalisation of the economy, the real estate sector became prominent. There was an increase noticed in business opportunities, labour migration and consumer need; hence there is a growth observed in commercial and housing space. That is why there is growth observed in real estate industry.

Currently, the real estate and construction sector is playing a major role in India’s core infrastructure development. It is providing employment to many people. Everyday there are new units coming in and thus many people are getting employed day by day. After agriculture, real estate industry is turning out to be second largest employer. With all these factors in consideration, the real estate sector is expecting a growth of 30 per cent.

According to a study done by ICRA, the construction industry hold third position amongst the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy. With the growth in retail industry, there are several other sectors as well which are expecting the similar effect like hospitality (hotels, resorts, cinema, and theatres) sector, schools and information technology, etc and IT enabled services.

The real estate sector is majorly divided into four sub-sectors:

-       Housing

-       Retail

-       Hospitality

-       Commercial

In the entire housing sector contributes five-six per cent to the country’s gross domestic product. 

Growth of Real Estate

Real estate industry in India is trying to take out itself from the economic downfall it faced in last year, and it has shown symptoms of tremendous growth in coming year. This industry is currently divided into many layers. The major count of the industry is from the unorganized real estate contractors. However the ten percent of the industries contribution come from the top ten players. Everyday there is a new name getting added to the industry that caters to the need of the current economic conditions and consumer preferences. 

As there is an improvement noticed in the stock market, approximately 6-7 companies will join this sector.

Real estate units are looking to get some new ways to finance their new projects. Now a days in order to cut down the risk factors of increasing debt and interest expenses, real estate units are looking for other financial options such as qualified institutional payments. Also with it, they are concentrating at making the private equity investments at project levels rather than company levels.

Government is also taking initiatives to give some benefit to the real estate construction industry. The Government of India is taking measures to get some best possible ways how they can allow the foreign investors to invest in the real estate market. To increase the foreign direct investments, government is making the easier rules for foreign investors to invest in smaller real estate projects. The government has given full exemption to prefabricated products manufactured at sites in its 2009 annual budget.

With all these measures, the approximate size of the real estate construction industry in India is estimated to be approximately US$44 billion. With the same measures the industry is expecting an annual average growth rate of approximately 26 percent till 2014. 

Find the home in the elegant region to enjoy the life

The real estate business delights the investors in various ways. Multiple construction projects with ample of availabilities offer the fortune commercial and residential space or apartment. Rather than the polluted areas congested with traffics and power cuts and water scarcity, the real estate properties offer the people with amusing, calm and private habitat.

In the villages people live in connections with their dear ones. Similarly the professional people also prefer to live closer to their family and relatives therefore commuting back to their hometowns. People from the Punjab and south cities of India, are coming back to their homes in huge count. As they are habitual to live in luxury homes, the new developed luxury apartments can provide them the professional homes of taste.

All of the above mentioned factors are adding a taste of elevated housing in the cities. Further the professionalism added in the construction ideas of the homes is offering more benefits to the regional communities.

According to the current trends and cultures, the real estate properties in the under development cities ensure the secured future. Legal norms favor then realtors and the construction projects for the elongation of power, traditional and technological combination and the other homely amenities are proving as the considerable factor.

So if you are thinking to buy ahome, you should first possess with enough information about purchasing, selling, for rental or in investment, the knowledge in all aspects can make your deal superfluous in the real estate. Find the right time to buy the property and make an ideal investment in your property.

Real estate properties in major cities of India

As the property prices are increasing in the popular cities of India like Delhi, Bangalore, Jaipur and Mumbai are recognized as the development centers in India.

Moreover these significant towns have also attracted the investors and various commercial andresidential properties are under progress currently.

The scope of the retail business is also increasing in these cities and has improved the business with graded levels. In the coming time about 40 % of space in these cities will be covered by the retail industry in their markets.

Popular cities Hyderabad, Pune and Chennai have proved their milestone in the real estate development in advance and increasing their populace by means of capacity and volume.

Next level Ludhiana, Chandigarh, Guwahati and Mysore, Goa and Mangalore also possess huge growth rooms in real estate development. Since the growth of real estate market in these cities remarks their development, due to these reasons development of properties seems an intelligent deal for the investors.

The profits from the investment are the major reason that most investors are choosing these cities for investment. Further the operation expenditures are also lesser as compare to the popular cities. The profits from the rental rates are multiple. Labor cost also lesser while owing properties for construction in these cities.

 This is the major reason that most IT and MNC industries are choosing these cities enthusiastically for establishing their business. Moreover these cities are already ready to endow the real estate investors with ample quality place to construct their properties for advantage.

All about investing in a second hand property in India

A second hand property is cheap and often comes within budget. A pre-owned apartment in proper condition is always wise to invest. But, it has to be in proper condition. You just cannot invest in any property the agent demonstrates. Investing in a property may invite trouble in future. Hence, follow some rules before investing in a second hand property.

• Do plan out a budget. Remember, you need budget for purchasing the property.
• You can visit various banks or financial institutions to get idea about loan.
• When you are visiting property, make sure you check the location of the house properly. You cannot buy a house which is situated far from the locality. The residence must be in a good place within the city.
• Also, do take experts opinion and assistance in inspecting the property. Inspect the condition of the house specially check the electricity, plumbing, woodwork etc.
• Consult a legal advisor and thoroughly check the property registration papers. The land must be registered. Bargain wisely.
• Always have some extra amount in your budget as you will need cash to renovate and rework on the interior before using it. In such a situation extra cash will help.
• Never buy a disputed property.
• You must check if the property offers garage facility or not. If it does not have one constructed, then at least it should have provision for garage.
• Also some properties are available on 100 years lease and cannot be sold directly. Avoid such houses or flats.

2012 real estate scenario in India

Real estate in India is booming. People are investing in this sector like never before. The current market is packed with affluent middle class and upper middle class. Due to the IT boom, young professionals are investing in properties. Young couples need home to reside. Often they are posted to various cities due to work. Now, they can invest in property and live comfortably. Cities like, Bengaluru, Hyderabad, New Delhi, Mumbai, Kolkata, Chennai are full of opportunities. Young professionals are shifting to these cities. Now, the real estate sector is developing in such cities at rapid speed. The property makers are coming up with beautiful apartments to suit the expectation of young home makers.

Life is busy. People can easily contact a promoter or an agent to look for a dream apartment in the city. All they have to do is, communicate with the builder to get the property built. Loans are also available from various banks and financial institutions. Hence, no need to wait endlessly to save money and create home. Now, anyone can invest in property. The scenario has largely changed. If you plan to shift to a new city, no need to rent an apartment. Just contact an agent and invest in a flat or house depending on your pocket. This is a permanent investment which you may sell if and when you have to shift to any other place.

Thus, invest in property and grow your money. It is easy and safe. You can sell the property at a higher price and earn the difference.

i>c � l 0� Л Normal style='mso-list:l0 level1 lfo1;tab-stops:list .5in'>Do keep it clean and tidy

If you are posting images on websites or social networking site, make sure that the images are attractive. Take good pictures of kitchen, washroom, backyard, front and other rooms of the house.

You can also place prominent images on flyers.

You may also opt for direct marketing strategies like sending e mailer or etc.

You can also place ads on local newspaper. You can promote it via social media site.

Besides promoting the site, you can also frame a proper marketing plan. Hire an efficient marketing team for this purpose. Prepare a launch plan with the team. Take help of a PR firm if you are launching a new property. They will plan a launch event and promote your business through newspapers and Television channels. They will write press release and give in depth analyses of the project. These stories will attract clients towards the property.

How to become a successful real estate investor?

If you wish to become a renowned real estate investor, you must cultivate certain skills which are essential for marketing and promoting the business. Some special skills are

• If you have a property and wish o sell it, then make it visible. Promote it. Place sign on the yard, write your contact details prominently.
• Make the landscape more appealing
• Repair parts of the property if needed
• Make it appear attractive. Remember first impression is the last impression.
• When you have visitors, you can play soft music and spray room freshener to make it appealing.
• Do keep it clean and tidy
• If you are posting images on websites or social networking site, make sure that the images are attractive. Take good pictures of kitchen, washroom, backyard, front and other rooms of the house.
• You can also place prominent images on flyers.
• You may also opt for direct marketing strategies like sending e mailer or etc.
• You can also place ads on local newspaper. You can promote it via social media site.

Besides promoting the site, you can also frame a proper marketing plan. Hire an efficient marketing team for this purpose. Prepare a launch plan with the team. Take help of a PR firm if you are launching a new property. They will plan a launch event and promote your business through newspapers and Television channels. They will write press release and give in depth analyses of the project. These stories will attract clients towards the property.

Realty players in hectic talks with retail chains

New Delhi: As the Union Government has cleared 51 percent Foreign Direct Investment (FDI) in the multi-brand retail sector, decks have been cleared for the foreign giants to enter India and against this backdrop, the country’s real estate developers are busy drawing up plans to cash in on the new situation. They have geared up tap the fresh demand the development will generate in the commercial realty sector. Mainly, the foreign players once they enter Indian market will be in need of huge space for their outlets.

R K Arora, chairman and managing director (CMD), Supertech, a national capital region (NCR)-based real estate developer, said that global retail chains like Walmart, Carrefour, Metro, Spar and a few others are in touch with us for a tie-up and taking up space in our mixed use projects and the mall e-square. He said as the demand for urban space is likely to pick up now, “we plan to go for more of retail space in terms of malls in the near future.

Like Supertech, many other real estate players are focussing on the commercial projects. The government recently decided to open up the multi-brand retail sector to up to 51 per cent of foreign direct investment (FDI). The government had notified rules to increases FDI in single brand retail to 100 per cent from 51 per cent.

DTZ-UGL gears up to meet demand from Indian realty market

New Delhi: Global property consultant DTZ-UGL is all set to cater to the growing demand of the Indian real estate sector. UGL had purchased DTZ last year.

UGL is a global company dealing in outsourced engineering, property services and asset management and maintenance for government agencies and corporations worldwide. A Western Australian based resources construction company, UGL has become a diverse, multinational outsourced services company.

The entity said it was looking to become an end-to end service provider, offering services such as estate management and transaction services. The company is also looking to create a global platform for institutional investors in sectors like pharmaceuticals, retail and hospitality.

Robert Shibuya, Group President, UGL Services/DTZ maintains that the real estate sector will be a growth story in India. The sector has been contributing about five per cent to the Indian GDP, and has a significant impact on real estate markets worldwide.

Talking about Asia, he said the continent is a safe investment haven was increasing the appetite of institutional investors. “We see an opportunity for growth by creating a global platform,” he added.

Anshul Jain, Chief Executive, DTZ India said there is a growing demand from US companies looking for investments into India, especially in retail, pharma and durables.

Jain said the Indian real estate sector is growing faster. “Even as Indian consumers exhibit a growing demand for luxury and high-end imported brands, the steep depreciation in domestic currency value will adversely impact demand for imported products in the short term. However, most retailers are bullish on the long-term growth potential of the retail industry in the country.

Ease in real estate norms for NRIs

Due to the periodical returns on the investment and rate of appreciation real estate is playing an important and dominant role among the various options of investment that are available for Non -resident Indians (NRIs). NRIs are eligible to invest in commercial and residential property in India through their representatives who can act on behalf on them by giving power of attorney to them. It is required that copy of the power of attorney must be legally certified with the Indian embassy in respective nation. It provides for authenticity on their behalf for investing in India in property. 

The registration of the property should be in the name of Non-resident Indian and by producing a copy of power of attorney to authority, the holder of power of attorney can sign on NRIs behalf. While residing in abroad, a NRI through power of attorney can acquire a house. Through the agreement to sell the actual possessor of the property accompanied by the holder of power of attorney for the purpose of section 27 of income tax act is deemed to be the owner of the property. It contains purposes of income tax and wealth tax. The relatives of the NRI through the power of attorney in their favour are eligible to sell the property. They can also rent out the property.

Real estate rising in Southern India

Cities like Bangalore, Hyderabad and Chennai together they account for about 45 per cent of office stock of our country. Nearly 56 per cent of mall supply of the country is represented by southern cities between year 2012 and 2016. In the area of residential estate nearly one third of the country’s new launches are been recorded by these cities on an average in the past 5 quarters. In estate south 2012, report by the Jones Lang LaSalle, it emphasised on the real estate analyses of South India. 

It was observed that southern India has been a silent campaigner of strengthening and building real estate development in south India as most sought destination. The report also cites Bangalore’s commercial advantage, residential and industrial highlights of Chennai and infrastructural development in Hyderabad. It also puts light on the potential of upcoming cities in Mysore, Kochi and Coimbatore. Last year across 20 major cities, Tamil Nadu, Andhra Pradesh and Karnataka featured in top ten rankers in terms of transparency. The parameters of research included reforms in urban bodies, market information, protection of property rights and sustainable development. The major cities here have total stock of 140 million square feet. It was expected that by end of 2016 the vacancy rate will be 16 per cent lower than pan-India vacancy rate.

Real estate developers betting on Shopping malls

An ambitious pipeline of high end shopping malls are being built by the top notch real estate developers as they believe that it will cater to the buyers and retailers of luxury brands. The country’s largest real estate developer by market value, DLF ltd is already running the luxurious DLF Emporio Mall in New Delhi and it is all set to build two more projects in the National capital region. 

These two Malls are likely to be operational by the year 2013-2014, one in the outskirts of Gurgaon and second one in Chanakyapuri. Dina Madhurkar, vice president of DLF Emporio said in an interview that demand and interest in Indian luxury market which is coming from countries like France, Singapore, Italy and United States is increasing and they are unable to accommodate such brand in DLF emporio as it is fully occupied. The two malls which DLF ltd is shortly going open will enable the buyers and retailers of international brand to shop for international brand. It is expected that the new mall in Gurgaon will be 20 to 30 times larger than DLF Emporio. It is 300,000 square feet in size. The property in Chankyapuri will be a small luxury retail space which is about 60 per cent size of Emporio. It will comprise new brands planning to enter into India and already existing in India.

Realty sector in West Bengal on growth phase

In West Bengal’s gloomy economy, the realty sector is one of the fastest growing sectors according to the experts of the real estate sector. The Best Western, world’s largest hotel chain is positive and buoyant about the state’s real estate outlook. In the era when the industrialist are worried about the slow pace of reforms which is hitting the industrial renaissance in Bengal, the business of real estate is growing by leaps and bound. India president and chief operating officer of Best Western said that hotel business is expected to grow by 10-15 per cent pan India and a faster growth rate is expected from eastern India. 

He also said that earlier in eastern India there was gap in demand-supply in the hotel business but it is expected that it will enjoy a good rate of growth in coming five years. In 2012, the west Bengal real estate is likely to grow at a rate of 15 to 20 per cent. By the end of March next year Best Western is planning to open a hotel of 150 rooms near Airport. They are also looking for properties in smaller cities of Bengal. The real estate sector of Bengal is definitely contributing to Bengal’s economy.

A discount of 20 per cent offered by builders of Budget Homes

The demand for affordable housing has not been affected by the impact of global slump which the realty sector has been facing since a long time. There is a high demand for 1,2,3- BHK apartments whose price range is of approximately 35 lakh rupees and they fall under the affordable home segment. The builder are in a bid to make the most of this opportunity and hence they are offering discounts up to 20 per cent and they have also increased the commission of brokers for obtaining bulk bookings. City like Ahmedabad has now become a buyer’s market from seller’s market due to the global slump.

 There is a huge demand of 1, 2, 3 BHK flats measuring from 1000 square feet to 200 square feet. The people who want to upgrade or who are interested in purchasing apartments for the purpose of investment are the main buyers of bigger apartments and on the other hand the buyers of smaller flats are genuine buyers who actually live in the purchased property, said the former President of Gujarat Institute of housing and estate developers. This shows the impact of slowdown is negligible on affordable housing segment. The demand of quality products priced reasonable will always be higher.

Real estate trying to recover from downfall

Real estate sector in India seems to have recovering from the downfall over the last few years from the huge pile up in debts arising from Property Companies and slow sales rate that have been continuing from a long time, according to a new report. Banking sectors providing sharp reduction in retail home loans, healthy demand across the micro markets and realty companies stabilising debts have undoubtedly worked well in the favour of realty sector. According to a realty expert the sales have been robust except in Hyderabad. 

Mumbai remained sluggish while Pune on the other hand saw an increase in volumes. Among the major cities, Chennai and The National Capital Region (NCR) led the pack. A jump of 14.8 per cent in volumes was observed in NCR in March quarter. Pune saw jump of 34.1 per cent increase in volume and a jump of 29 per cent was seen in Chennai. Real estate developer, DLF reported that sales volume of 11 major cities have increased by 28 per cent in the end of the march which was led by strong revival in sales. 42 per cent of sector volumes were reported by DLF. The net debt aggregate of 11 companies had declined due to increase in volume of sales.

Current Real Estate Market Scenario—Property Brokers and Agents

Real estate agents do not share information on the listing they hold with other agents. This means a seller has fewer chances of meeting the right buyer and buyers looking for the right property find the going tough. The agent’s priority is to not be cut out of the deal. Real estate agents follow their own methods and practices and cannot generate leads on a regular basis. As a result property brokers do not have enough listings to serve buyers nor do they have genuine buyers to match properties they offer. Brokers do not share inventory information and lose out on good deals. The buyer and sellers are also affected. Compounding the issue is the fact that real estate brokers spend less on advertising and rely on word of mouth or direct deals to close a sale. They are unwilling to spend on ads as there is no assurance of income. Another issue that affects property deals through brokers is that most of the brokers do not have any formal background or training in real estate broking. Most of them operate with a mobile phone and a small office with a small back up support staff. There are no licensing rules and the brokerage practice is not subject to formal rules. Real estate brokers see a high turnover in staff since they pay less and once an employee learns the ropes he starts his own business and becomes a competitor. Real estate brokers do not have a system of incentives for staff or adequate motivation that would result in better productivity. The net result is that buyers and sellers find it difficult to zero in on the property of their choice.

Real Estate Market Outlook

The year 2011 was a turbulent period for real estate. Property prices rose, interest prices rose and there were controversies. Global economic conditions affected Indian real estate markets and the declining value of the rupee is certainly not an encouraging factor. There is an overall decline in sales of residential properties. Flow of funds has decreased to a trickle and even FDI has slowed down. The bubble has deflated and indicators are that the residential real estate market is set for a correction in this year. Sales will level off and prices will rationalize according to pundits. Analysts watching the situation are of the opinion that a recovery in the US may lead to a lowering of interest rates. Most builders are saddled with huge debts and unsold inventory. If they do resort to selling at lowered prices, it will be a windfall for buyers. Contrary to indications, property prices have gone up by 20% though volumes have declined to 70%. In commercial spaces there is lot of availability but demand has slowed down. Companies will try to reduce costs and may relocate to special economic zones. Slow sales and a glut could lead to a decline in prices by about 30% according to industry analysts. Developers who were adamant about reducing prices are reconsidering their decision and may reduce prices. Those who had switched from commercial spaces to residential find that this area too is witnessing a slump. The trend may continue for the early part of 2013. Rating agency Fitch gives an overall negative outlook for the real estate sector due to weak demands and increased cost of production.

Availing Home loans in India

Buying a house is dream for every person but most of us are not able to accomplish the dream due to many reasons. The increasing real estate prices have made buying a property a dream for most of the corporate professionals. For some, even if they are planning to buy a property but doe to insufficient bank balance the dream could not be fulfilled. If that is the case, you can go apply for a home loan which you can repay within a period of time you can easily own your dream home. All you must do is check the loan eligibility criterions in several banks, find out about the fixed or floating interest rate, and understand the processing fees charged by the bank properly, prepayment fees if any. Before finalizing on the loan part do make a comparison study on the various data you collected from banks. Once you are satisfied, with the rate of interest part clearly, and then go for the final selection of the bank. Do remember, never hunt for home loans before selecting your property. First, you must select your house and then go on hunting for loans. In this way you will get better schemes and deals in home loans. Also visit some financial advisors offices and learn as much as you can from the advisors. Finally compare the pros and cons of taking the loan with one company to the other and select the one which confirms maximum assistance at a comfortable rate.

A new trend in hotels and resorts

Cities like, Delhi, Calcutta, Vizag, North East, Bengaluru, Goa, Kerala are highly preferred by the tourist in India. The continuous growth of such tourism industry, have developed a demand of hotels, resorts and etc. Tourists go to places to visit spots and relax at the same time. They want hotels and spas to unwind their body, mind and soul. In order to fulfill such dreams the real estate investors in India are now moving into the this sector of development. Today the developers are investing in erecting beautiful hotels and resorts in these areas. Spa resorts are the most attractive destinations, for both newly married and for those who lead a hectic life. Good food, party, music and relaxing spa is just perfect for any holiday. Thus to encourage such practice, special therapies are been introduced and many new resorts are opening up. The best part in some resort is that, they even offer a home renting scheme. Here you may invest and avail a small dwelling place where you can go and spend time any time of the year. This would be your “home away from home”. Real estate does not only remind us of beautiful homes and duplexes, but also harps on hotels, resorts and spa. Many developers prefer making such commercial buildings, like Hotels, offices and spa resorts. People visit such places from far and wide. Internationally Malaysia and Thailand are known to have best Spa resort in Asia. Similarly in India also real estate developers have begun constructing beautiful projects where people can throng to get relax and enjoy the vacation.

5. 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. Securities often fail to live up our expectation. They are subject to market risks and often fail to offer what promised in the beginning. But this is not the case with the real estate investment. Once you have invested in a property, you must learn the right process of making money. But to make money from the investment an individual 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.

How to become a real estate marketing specialist.

Due to such growth in the real estate sector, many fresh graduates are studying MBA and are specializing in the real estate sector. The sector has rightly grown up as an appropriate field for employment. Young graduates and marketing students are joining this real estate field. Property selling and busing or investing is no more an easy task. You need professional property guidance to avoid facing problems in future. To avoid such a situation you contact such real estate specialist you will get proper guidance to grow and make quick money from the investment. 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.

What you need to do before applying for a home loan

If you are planning to buy a home and you don’t have the sufficient amount with you , which is most likely, you need fall back on bank for loan. Home loans are easy to get and if your banking dealings have been fair throughout your life, you will easily get a home loan. Still before applying for a home loan one must always keep in mind certain important things. You should know the bank that is giving you loans at the most competitive rate. Sometimes, ignorance leads you to fall back on a bank that is charging heavy interest from the customers for home loans. Your friend circle may also come handy. You should also gather information from them about their experiences with various institutes while applying for a home loan. A personal visit to a bank or a financial institution also reveals its work culture. Friends will tell you about how they were treated once the loan had been taken. You need to clarify with your bank of choice about the charges applied in case of a pre-payment of a loan. If you want to familiarise yourself about the professionalism and friendliness of a bank, what you need to do is just dial up the customer care service of a particular bank. A lackadaisical response gives an indication that the rest of the dealing with the bank will also be similar. First of all, you must visit the bank or financial institutions’ web site. This will also give a great opportunity to assess the sincerity of a bank. It will also let you know how transparent the bank is in its dealings, about charges. Good banks will not try to hide information about charges incurred when a property loan is switched to some other bank.