Category: Property to rent

Real Estate in India – Property in India


Real Estate has been one of the booming verticals in the Indian economy. Its rise began in the early part of 2008 and ever since there are only positives and growth that one gets to witness. Some people even joke saying that if you invested in real estate in India at the right time, then your future is safe and you are rich – others keep planning and contemplating a career switch to get a piece of the Indian real estate scene. With so much activity and buzz around Property in India, it is easy to assume that the sector would have saturated and the gains nullified, but strangely that is not the case. Every second week is a new project launch and every month is an addition to an existing project offering – real estate in India seems to be doing everything right to be able to grow and more importantly sustain the growth over such a long time. Property in India is a very vast topic to cover in one article, so let’s just focus on real estate in the Delhi NCR region. The Delhi NCR region is home to a large number of real estate companies and home to an even larger number of property projects which are in the offing by them. Ranging from studio apartments to ultra luxury golf homes, the choices are unlimited and so are the benefits offered by the different projects – some have even roped in celebrities to promote their property projects in India. Consumers are spoilt for choices and options, if one decides to pick up a particular project apartment, but cannot get allotment, there is nothing to worry, usually there are multiple projects with the same specifications, amenities, costing and benefits being developed at stone throw’s distance from each other. The real estate sector in India has witnessed immense growth in the last 5 years and with growth comes many evils and the real estate sector is not away from it. Consumers have been complaining about the numerous delays and other problems with their respective real estate companies and accuse them of using their size and power to get away with things – Consumer associations are coming up getting together the different investors of a project together to increase the effectiveness of their complaints and many other social platforms are coming up giving more power to the consumer. What is left to be seen is how the market balances itself now, will the consumers of real estate in India always be on the receiving end or will their social communities and collaborations become powerful enough to take on the real estate companies and demand their rightful share and fines for delays and other issues. We can just wait and watch and hope for the best for Property in India.

Below Market Value


Go back 4 years and the term ‘BMV’ (Below Market Value) was banded around with another acronym ‘NMD’ (No Money Down). Those were the days whenproperties were bought one day for a low price and remortgaged the very next day for a higher price. This would leave little, if any, of the investors own money in the property, so the financial risk to the landlord was zero, while the banks carried all the liability.Many landlords build vast portfolios via this method of ‘using other people’s money’. It was however those highly geared landlords who crashed and burnt when the risking market burst in 2007 / 2008. Their over-geared houses were falling in value, leaving them unable to remortgage, as many fell into negative equity. As they didn’t have the opportunity to move mortgage lenders because their mortgages came to the end of their fixed or reduced rate period, they found the Standard Variable rates were considerably higher than the original interest rate. Therefore they were required to ‘top up’ their mortgage payments each month with their own money. This strategy was was unsustainable.Their whole model for investment was flawed; in their desire to ‘get rich quick’ they had firstly failed to recognise the cyclical nature of the property marketplace, and instead had started to believe their own hype of being ‘highly successful investors and untouchable’. Quoting the existence of a large property portfolio became purely a status symbol, rather than a true reflection of their financial security, as they believed only in the gambling game of capital growth.With the bursting of the housing market banks soon realised they had left themselves over exposed to these BMV and NMD evangelists, Next Day Remortgaging was closed down overnight and NMD rapidly disappeared from the investors radar and vocabulary.The term BMV however lived on and is still utilised today, the question is what does BMV actually mean? Which benchmark is the BMV being calculated against?In its rawest form BMV is quoted as a % based on the purchase price of the property versus the open market value of the property. i.e. the value that property has the potential to command ‘at that time’ on the open market (There is no doubting that you make your money at the time of purchasing a property).However like all statistics the figure of BMV can be highly misleading. For example, when hearing the success stories of investors or reviewing properties being promoted by sourcing companies you could believe that 30% BMV properties are ‘two a penny’.I.e you purchase the property for 70k and the property is worth 100k.This all sounds highly attractive but a word of caution – often the BMV % quoted does not take into account any worked required at the property to take it to rentable standard. So if we take the same example above – a house bought at 70k, requiring 12k of refurbishment work the property has really been bought for 80k (the refurbishment money has to be funded by your own cash, it cannot be included within the mortgage). This means in this case the true BMV is 100k – (70+12k)/100k = 18% and not the originally quoted 30%.Although still very attractive the reality is this isn’t the initially quoted 30%. But it is an accurate figure.I have seen this over exaggeration occurring time and time again, with refurbishment costs being as general and none descript as ‘property is in need of a new kitchen and bathroom and decoration throughout’ or ‘property in need of some work’.How as an investor you are able to make a sound investment decision with only half the facts is questionable. After all any property bought heavily Below Market Value normally has an element of refurbishment work to be completed, so the equity you thought you had can soon be eaten into.Likewise when looking at the BMV values quoted, some hands free property investment companieshold a second charge on the property, looking for this to be repaid at a later date when the property is remortgaged.I believe this additional charge should also be accounted for in any investing strategy and when quoting the BMV of the property. After all once again it is real money (your money) which has to be paid.I.e.Purchase for 55k with a Second Charge of 10k to be repaid at the second time of remortgaging, the property being worth 80k at the time of purchase. An accurate indication of the true BMV figure would be (55k + 10k)/80k = 21% and not the original 32%.Perhaps it is because I am a cautious investor, or perhaps it is because ethically my desire is to be clear and unambiguous with my Alton Property Partner investors but I produce clear and detailed projection of the refurbishment work, prior to quoting the BMV of the property. These figures are also included in our calculations before an offer is made, so we know as accurately and honesty the BMV true figure. It may not look as glamorous and attractive on the outside, but it means real equity for my investor.Also I have no desire to Second Charge my investors. I charge a fair price for my handsfree investment service;in fact I even base my pricing on the ‘equity delivered to my investor’ after the refurbishment, so base my fees on the true value I have delivered to them. The property is then 100% owned by them. This means they then have the choice to remortgage or sell at any point in the future knowing that the equity achieved is 100% theirs.

Residential Properties in Delhi


Delhi – The Heart ThrobDelhi, being the heart throb and the national capital of the country has turned out to be the lodestar for realtors involved in real estates business. While real estate is a flourishing business as far as residential properties in Delhi are concerned, yet there are other metropolitan cities across the country that has a plethora of thriving realtors. Delhi has always been one of the hot spots for a sound investment in property. Ever since the partition of India and Pakistan in 1947, Delhi has become one of the most favorite cities for a large number of investors in property, which is replete with skyscrapers emerging in all parts of this metropolitan city. With the boom in real estate, the prices of residential properties have become not only astronomical, but extremely prohibitive.Population Explosion in DelhiThere was a time when the population of the city was sparse and property was easily available at affordable rates. People who had settled down in Delhi considered themselves to be fortunate and owning property in Delhi was a status symbol. However, with the burgeoning populace coupled with the migrating people from all parts of the country, the city appears to be bursting its seams. This has resulted in a dearth of property in the city and keeping in mind the enormous crowds making Delhi their home, several housing Projects in Delhi NCR were started to provide a breather to the already exploding city.Expansion of Real Estate in Satellite TownsThe real estate business expanded its horizons to the satellite towns around Delhi where the local people from Delhi started their move towards investment in Gurgaon property. The Gurgaon properties real estate investors have started several construction projects that included Gurgaon property builders developers. Residential properties in Gurgaon also include studio apartments Gurgaon beside residential property Gurgaon.In a similar vein, there began an exodus of commercial organizations towards the satellite cities of Gurgaon, Faridabad and NOIDA as well as Greater NOIDA, which witnessed a widespread development of Commercial Property Gr. Noida. These satellite towns developed considerably since the people working in these towns wanted to reside close to their places of work thus saving the travel time. With the development of the satellite towns, there has been a phenomenal increase in the prices of property both in Gurgaon, NOIDA and Faridabad which have even surpassed the property rates in the city of Delhi.

Dreams Come True With Dwarka Expressway Property


Our life is inspired by our dreams. Everyone has a dream in life, be it a millionaire or a common man.At this time when we are living in a world of inflation and limited land resources our dream is to find a place to call “Home” and what would be better than the property on Dwarka Expressway which makes this dream come true. Now a day’s buying a property has become an important milestone in an individual’s life. This is a decision which involves a lot of research and planning, only after a proper analysis a person becomes able to get a property of choice. As in India the property rates are growing faster than the economy a person needs to be more cautious and sensible while taking a decision, and if we talk about buying a property in NCR at this point of time when the price of property near any expressway has almost touched the sky we need to plan everything from site selection to finance to save ourselves from the hassles.Sometimes it takes a whole life to fulfill our dream of getting a place which can be called our dream property, and this dream property means a place which provides us a feeling of content and satisfaction. One of such property is introduced by Dwarka Projects, this property has a connectivity to the Dwarka Expressway. They have come out with amazing new residential property and this have all the features we look for before buying any property, like access to the main road which is one of the most important aspect we look for as this gives us access to other facilities also.Now the time has come when people like to invest a part of their income, it is either to secure their future or to make profits out of it and one of the best ways is to invest in property. It is seen that people after making their dream home buys a property for the purpose of investment. The simple way out is to buy apartments and sell those after some time with a hike in the purchasing price, this gives you assured profit for which the investment is made. But to fulfill any dream is not so easy and this whole process of buying and selling is not as easy as it seems to be, it involves a lot more than just buying and selling properties. Most of the times an agent or a consultant is involved in this process and who else can do this job better than a Real Estate Consulting firm like Aeon Realty placed at Gurgaon.So, the next time u dream of such a property like Dwarka Projects has come out with, just think like a real estate consulting firm which provides a gamut of services to their clients and help them in getting their “dream property” just like Aeon Realty does.

The Beating Down Factors For Mumbai Property?


Mumbai property has been facing several crunches: the slowdown of the real estate market in the city has been seeing from quiet sometime now. In spite of all the speculations regarding it getting bolstered up, it has not been able to hold itself high. The ever-staggering prices always dampen the spirit of a common buyer and the never-ending wait for price-correction hinders any “resurrection” of his faith in the realty market. There are several adversities that the real estate is facing right now. The slump in Indian economy has directly effected property in Mumbai. This has resulted in increase in construction costs. With the hike in prices of inputs used for the developmental projects, the overall price of both residential as well as commercial markets are now sky-rocketing. The builders are not willing to pare down the costs and the much anticipated price correction never finds its way into the realty market. These astronomical costs have lessened the interests of a buyer into making purchases. Though data indicate that the demand for properties has raised by 16% in the first half of 2013, yet people are settling for budget projects only. With the lack of interest in the new and luxury projects, a big chunk of Mumbai property is lying vacant at present. As there are no takers, the developers are incurring losses and to recover these, they are hiking the property prices in affordable areas too. What’s the result? The houses in localities known for offering budget prices are getting sold at higher rates. The builders have resorted to create artificial demand in such areas to fool the customers. Then there are new FSI regulations: these shall be able to bring back the much-needed transparency, but it is very problematic to apply them to the under-construction or near-to construction projects. The redevelopment in such cases would mean financial loses to the developers and the prices to soar further. Another crunch is the prolonged time taken to get a project get approved from government authorities. This adversely effects the interest of developers in launching any new projects. With such a scenario, the real estate Mumbai property is witnessing a slowdown in any new projects. The highly volatile prices have further aggravated the situation. The property prices in the city go up and down too frequently; this makes it difficult for the builders to buy big plots/land. Such an unpredictability does not work in favor of the developers or the end-users. Buy/rent/lease rooms, flats, bungalows, office spaces, studio apartments, independent floors, godowns and plots at . This fastest growing property portal lists under-construction and completed projects from developers and land owners throughout the country.

Find Apartments In The Area of Texas


Texas can save time and money new tenant. You can outline the parameters of their apartment of your dreams, and inserts it into the search function of an online apartment rating service, and the list is returned that is filtered to your exact specifications, saving time. You can also select the price range for which you want the rating service to search for apartments online, so you can be sure that any list of apartments within your budget.Texas, websites offering apartments location services and listings that visitors can easily find apartments in major cities in Texas that meet your search criteria. These sites are 100% free and renters who use them to find their new apartment, get effective performance. Locator rebates are usually around $ 100, but sometimes more, and is a way of saying thanks for using their services, as well as a way to help customers remember to list your company as the reason lease of the property.If you find Texas Apartments in Dallas close to your workplace after which itself is a standard, and eliminates the choices of other areas of the supply of Dallas. Note that the areas south of downtown Dallas are not as up-market and new as are the areas in the north. Also keep in mind that the tenure and occupancy laws only allow a certain number of people stay in a house, laws, etc. also require that the levels of rental income for at least three times the rent, etc. All these factors should be considered in finding apartments for rent Dallas.The apartments are very popular because it is one of the fastest growing and is considered one of the most livable communities in the country. The city is diverse and has a perfect blend of old architecture with new ones. What are the older neighborhoods in the heart of the city and moving out is the new architecture. It has excellent transport facilities and the average trip is about 20 minutes. One of the best places to find apartments in the area of Texas Christian University. However, you can even find gated communities and in the north of Fort Worth.If You Looking Apartments. Then visit our site here is list of Texas Apartment Dealers List In Texas. Kerrville Hill dot com is Texas Hill Country visitors guide. Here you find art, apartments, loading, bed and breakfast, Hotel and motels

Buying A French Property? Should You Use An Estate Agent Or Notaire?


When considering buying a holiday home in France or a full time residence you may be weighing up whether to use an estate agent or not. Back home you may not but what about in a strange country, where you may not speak any, or much of the language? Let’s look into the options.Should I Buy Privately Or Via An Agent In reality this is not a difference in the legal sense between France and Great Britain, but it becomes a difference because of the possibility that as you are reading this page you are not as yet fluent in French. So this means that you may need to approach the search for your dream French property differently to how you might if you were looking to buy back home.Property in France can be purchased privately, through estate agents or via notaries (public notary). Most British people as well as other non French buyers purchase properties through estate agents. This is not a big surprise as the vast majority of foreign purchasers do not have a sufficient standard of French to deal with one of the biggest purchases that they will make in their entire lives.Reputable estate agents who can speak English and guide you through the process are a choice generally due to necessity brought on by a low level or no French.That said you will have to use a notaire if you do go ahead and buy, so you could consider viewing privately if you felt confident enough to take it up to a point and then employ an English speaking notaire at the necessary time. This may be an option for some people, although many feel happier to use agents.The Notaire’s Role And Fees However although language may encourage a foreign buyer to deal with estate agents, another consideration is the notaire. A notaire is the representative of the French government in these matters and is responsible for the legal end of the dealings. We can translate the word to notary or solicitor, to make it easier to understand.The notary can to all effect conduct the full buying and selling procedure, without any estate agent involved, if this is what some buyers prefer. He or she is legally permitted to deal with the conveyancing in the same way as a solicitor would do back home.Therefore they act on your behalf to check out the various legalities pertaining to the property. It is normal practice in France for both the buyer and the vendor to share the same notaire. However you are perfectly within your rights to have one for yourself if you wish to do so. In the case of not using an estate agent you may feel more comfortable to go that route.It won’t cost extra as the notaire’s fees will be shared between the two notaires. The potential disadvantage is it could slow down the process.Calculated On A Sliding Scale The notaire’s fee usually ranges from 2-8% of the property’s net price and it is calculated on a sliding scale. Be aware that the less expensive the house is, the higher the notaire’s fee will be.The law requires the notaires to be impartial. As such they act for neither party. UK buyers might find this strange but most of the transactions in France are normally handled by a single notaire.Choosing A French Estate Agent When making the important decision of choosing an estate agent in France, the first step is to look for one who is a member or UNPI, SNPI or FNAIM. Never hire their services unless you have visited their office as this information can only be seen in the office.You can expect to be asked to sign something that is called the Bon de Visite. All this is for is to provide evidence that this agent is the one who has shown you property X. This is their way of covering themselves if and when a sale were to go through and another agent tried to claim that it was them who had shown you the property.What Can I Expect To Be Included In The Estate Agents Price? Whether you are looking at prices on the agent’s website or in their shop window, you can expect that they will include the agent’s fee which is normally between 4%-11% of the property’s price. Of course this is a huge variation of what you could end up paying.In order to know that the fees are included as they should be look out for FAI on the property advertisements or brochures, which stands for “frais d’agence inclus”, which means that the agency fee is included. If FAI is there, it means that the vendor is paying the fees, if not it means the buyer pays the fees.

Exciting Apartments in the Entire Region of Mexico


Mexico is one of the most wonderful and challenging place. Maximum extent of the tourists comes to this region in the hope of a wonderful vacationing trip on the hottest beaches of Caribbean Sea. At the time, when most of the tourists are vacationing at overcrowded beaches, then you can spend your time in the wild life sanctuaries and golf resorts. It makes such an experience within the mind, that the visitors get forced to purchase a wonderful apartment in this region. It includes numerous apartments and resorts placed entirely within the beaches of the Caribbean Sea. If you are deciding for a real estate investment, then without turning back, immediately book an apartment in Mexico. It is one of the best places to spend the days of relaxation in a smooth way. It is also the best option to attain a beautiful apartment at a quite affordable cost. Along with this, most of the individuals also desire to purchase all sorts of modern and trendy designed apartments. So, that their investment does not goes to vain. Furthermore, as the prices of housing reduced to a significant extent, it is the right time to make up a decision to purchase an apartment. The region of Mexico includes varied types of condos and apartments of diverse shapes and designs. Besides, the most important thing that need to keep in mind, prior purchasing an apartment is the agent. If the intensions of the agent are not positive, then it might result in huge trouble for the individual. This is because; he/she might not offer the accurate rates or facilities of the apartment. As a result, it might lead to entire vain of the entire energy and time. So, prior taking the final decision of purchasing apartamentos Playa del Carmen, it is better to undergo vivid research of the amenities stated by the agent. Otherwise, it might result in varied types of troubles. The departamentos en Playa del Carmen is also liked for the varied types of modern facilities such as spa, private swimming pools, along with tennis playing facility as well. There is numerous well-known golf playing courses available in this region for the avid golfers. It is just impossible to remove the eyes from this incredible place. Not only this, it can be stated that the Mexican Caribbean beaches are one of the best golf playing course among others. Along with this, it also offers the facility of excellent dinning facility and gourmet cuisines make it just awesome. It also includes numerous shopping markets along with wild life sanctuaries and sight-seeing facilities as well. Apart from this, the region also offers the opportunity of snorkelling, sunbathing and swimming within the beaches. There includes varied types of reefs and corals to snorkel around. Due to such reasons, it is recognised as one of the best place to reside and purchase eye-striking apartments in and around the beaches of Caribbean Sea. Besides, one need to be extremely cautious prior purchasing the apartment in this region.

Guidelines To Select Best Fully Furnished Business Centre


What many start-up businesses come to know is that the office space can be a huge expense. Your customers may require a professional looking office. A business centre is an excellent choice.First of let us see what is business centre. Now sharing space is known as many terms, including a business center, executive suites and in the short term office space. They are an economical solution to provide office space shared by other companies. They often come fully furnished and are a quick solution for creating an office for people with limited time and money. A shared office can also help entrepreneurs feel less alone and create a better image for your company.Shared office space can provide a cooperative advertising. By sharing office space with related companies can build its benchmark with other companies. For example, health professionals can benefit from shared office space and expand their exposure to customers. Even if you do not have a business that can benefit from short term office space, you can still socialize with other professionals and contacts.How to select best executive business center to run your new office? Here are few guidelines that will help you in selecting the best centre.Place: For many companies, the location is crucial to its success. Having your office in the center can be a minimum requirement for their clients. If the location is not important, consider finding a cheaper area. Do not forget to consider the appeal of the area from the perspective of an employee. Does your office to be in an area that customers are willing to travel and have parking?Other professionals: Who will be your office partner’s? Look for businesses that can work together or are about the same size as your own. See their relationship with other companies as an opportunity to share wisdom.Contract: A shared office may have a lease for three months at least, much better than a 10 a. Leases vary by location. Check out his contract attorney to help you understand what is required of you.Facilities: Services depend on the location and cost of the lease. It is well equipped with basic amenities and professional services, such as:??? Business equipment.??? Conference rooms.??? Delivery service.??? Health club.??? Office furniture.??? Publishing service.??? Personalized telephone answering service.??? Receptionist.This fully furnished office space is still an excellent option to consider for small business owners and entrepreneurs. In order to find the best deal research well as many centers as you can before selecting one. Never be pressured into signing a lease. Remember to have a lawyer willing to explain legal terms.Service bureaus will give you the opportunity to network and cross-selling a variety of other businesses residing in the same building. Service agreements provide greater flexibility for companies to increase or decrease space requirements to match according to the changing business needs. This accommodation service also comes fully furnished and equipped, which means spending little capital and enjoy every facility that is needed to run office.

The Key Reasons Why Our Government Gives me Personally $831.75 Tax Free Monthly


Every single month whenever my employer pays money me, the Australian Fed government deposit $831.75 into my bank-account, tax-free – and I’m certainly not talking about Centrelink monthly payments (I am working full-time and also have absolutely no State and federal government support).I am just referring to a little known matter referred to as ‘National Rental Affordability Scheme’ (NRAS).NRAS is not a public real estate plan. The NRAS property program (National Rental Affordability Scheme) is actually a Government project is designed to promote the building relating to local rental family homes in growing locations in order to meet the needs of a higher requirement for reasonably priced rental property. The kinds of men and women who tend to be suitable when it comes to this particular rent payments help are households who earn somewhere between $45,496 and $108,169 per calendar year.The Govt . NRAS plan also is designed to give a technique and a effective benefit for Aussie property or home real estate investors to create his or her wealth as well as tangible assets along with a social impact investment system. The actual NRAS real estate investment program induces the economy as well as creating industry, across the country.This is a actual situation case in point of the best way it will help:A customer associated with ours, Trudy not too long ago acquired an ‘NRAS’ Approved Dwelling for $350,000. ( (The lady put to use her home equity in the form of deposit, so this person did not need to use any of her very own money.)It is a completely new townhouse, along with three bedrooms, a couple of bathrooms as well as in a good suburb, 14km from the city limits, with all the normal sorts of components – the truth is the woman’s next door neighbours are having to pay rent payments completely without assistance). Now it is getting rented by a couple with two little youngsters that happen to be paying $272 per week.With the weekly rent payments, as well as the Government also having to pay her $831.75 every month, Trudy gets $24,125 earnings annually from the property or home. Trudy’s property investment loan costs only $20,570 each year, hence the property is actually netting her around $4,000. The property hasn’t cost her a single thing since she purchased – it is putting money back in her pocket. Trudy’s gross income increased by 37% by investing in property.This appears too good to be real, so there has to be some sort of catch, right? Well, at last there’s no catch. The thing is, the govt guarantee to cover you $9,981 every year for ten years – and by that time the property will be worth a lot more, you can easily sell it, and it has never cost you a cent to own!What exactly in the event that the renter trashes the house or even does not pay rent payments? Well, remember the property or home is being leased by hard-working men and women making in between $45,000 and $108,000, and between the conscientious Property Manager and Insurance coverage you are fully protected by what could possibly go wrong.Maybe a few of the advantages need to be layed out.1. NRAS property returns typically greater than 7% gross rather than conventional residential investment property 5% returns2. NRAS property provides security of income stream for 10 years3. NRAS properties can generate POSITIVE CASHFLOW, so there is no weekly cost to your pocket4. All the NRAS properties are located in high growth areas, with proximity close to schools transport and services, all the things you want for a great investment propertyYou may be shocked lots more people haven’t heard of this little-known investors secret.