Surajkund – Lucrative Real Estate Options

Real estate boom in India has activated many dormant areas to become super- active. Surajkund is currently going through this phase of activation and is ready to cross the threshold in order to emerge as a real estate destination. This boom is further strengthened by the relaxation of Foreign Direct Investment (FDI) in the real estate and construction sector. Additionally, the retail segment has opened the doors for the commercial real estate sector of India. Faridabad is fast becoming the next hot destination for expanding developmental activities. The pace of real estate growth is expected to prosper well as more and more companies are now choosing to opt for Surajkund. The city has become a prominent investment destination due to its proximity to Delhi and also because of the rising values of the real estate in Gurgaon and Noida.

Faridabad has traditionally been an industrial city, with 300 large and 10,000 small scale units and the Haryana Government’s new Industrial Model Township. However, the industrial town of Faridabad is now noticing new residential developments, especially in Surajkund village that spans across 30 acres. Surajkund, already known for its international Mela, is now a residential delight for many. The Surajkund mela was launched in 1981 by the Haryana Tourism and is held in the month of February from 1st-15th every year. This craft Mela (fair) serves as a meeting ground for talented artists, painters, weavers, sculptors and craftsmen from all over India who display handicraft products in the typical setting of a rural Indian market place. The place is visited by number of domestic and International tourists and the foot-falls seems to be multiplying every year.

Green Environment

Away from the hectic and congested life, Surajkund offers an environment like no other place in Delhi. The place displays a sense of peace and traditional touch which is envied by every Delhiite. People are opting for Surajkund for its peaceful natural surroundings. Renowned developers are coming up with township projects in and around localities of Surajkund. The first township project near Surajkund is Charmwood Village by the Eros Group covered in the area of 65 acres. Omaxe, Ansals are also setting up their residential projects.

These attractive townships are sufficient to satisfy the needs of people. Bungalows, apartments and villas are available here with all the modern amenities. The rates of residential properties range between Rs 6,500-Rs 8,000 per sq ft. The rent is around Rs 20,000 for 2 BHK flat and varies on the bases of size and type. Ansal and Crown Plaza have lavishly designed malls catering to children’s entertainment and hospitality, along with other commercial and residential projects. Numbers of other residential projects are in pipeline and soon going to be launched.

Infrastructural developments

Social infrastructure is also developing at the fast pace to support the physical infrastructure in Surajkund. All the national and international based schools and educational institutes have come up in the periphery to benefit the students with a pollution free atmosphere. MNV public school, Delhi Public School and Manav Rachna School are to name a few. Transportation is also improving by and by with Delhi’s bus stand just 1 km from the Surajkund. Local rickshaws and autos are also available for intra-city connectivity.

The property price of Surajkund has increased three times in last couple of years. Planned infrastructure, township projects of big brands, proposed Metro in main Faridabad and rise in the prices of real estate property of other cities, involvement of Haryana government in the overall development of Surajkund make it a good choice for real estate investors.

Easy Steps To Find The Most Inexpensive And Ideal Condominium Online

Very costly with restricted living space — this is the way folks understand being in condo units. However this way of thinking is actually old-fashioned, you can find reasonably priced condo units but the thing is that you have to patiently and vigilantly look for it.

The internet is the top reference for affordable condo units, here are seven simple steps to locate accessible condo units over the internet:

The initial stage is to write down your condominium unit preferences. List down the number of rooms which you require; a hint would be the number of rooms and the dimension of the unit. Furthermore, you should take into consideration the amount of baths in your condominium. Before you use the web, take note of any other features you desire to have for your condo unit.

Next is review your budget. Consider if you want to rent a condo unit rather than purchasing one. If you want to buy a condominium unit then you have to precisely indicate the amount of your spending budget. Getting to know all of these beforehand will help you in limiting your search for the most affordable condominium on the web.

Open a browser, if you opt for Google then put on the search bar “condo for rent” or “condo for sale”. Your search results include URLs to pages or websites which give free online property finder which you may use.

Pick 3 websites which provide condo listings. Look for a site that has a tool where you may enter your requirements for example number of baths, rooms and the area or the location of interest. Key in your cost range or select from the offered listing of prices. You will be taken to a page with the list of condo units that meet your specifications; list down as much as you can.

The most common format of online property finder tool is one with drop-down menus; nonetheless, there are various formats readily available on the internet. If you’re not certain how to make use of a property finder tool refer to the site before you utilize one; but you don’t need to get worried since you could do this over and over again. You may alter your preferences to a new selection every time to come up with a more individualized result.

Make a note of the info about the vendor or the owner of the property so you can communicate with him straight away and list as many condominium as you can. Make sure to obtain all the contact details like the phone number, email, address or the information of the property builder.

Call the property manager right away. Bear in mind that condominium units get purchased right away and so overtake your competitors and call up or visit the property owner once you could and request a property tour.

The Importance Of Lighting Retrofits In Condominium Associations

Now days, the upcoming condominiums are opting for better lighting solutions and are now using the LED lighting for the condos. Many of the existing condominium associations are also opting for LED retrofits and are using them for their own condos. They are opting for LED lighting retrofits and are thus replacing the existing lights with them.

The importance of lighting retrofitting in Condominium associations is that that the LED lights are more energy efficient than any other lights. One can use the LED lights in the condos and surely notice the reduction in electricity bills. Another factor that makes LED retrofits a better choice is that using them in the condos can increase the value of the condos and help one get greener homes.

The LED bulbs are considered as one of the most environment-friendly lighting solutions as it does not emit carbon dioxide. Using these in the condos can help us reduce our carbon footprint and can help save trees. This is very important for the environment as the increasing level of carbon dioxide is posing a threat to earth.

The LED lighting retrofits can help one save a lot of money as well. These can be used in hallways, for outdoor lightings and at any part of the condominium association. Since the LED bulbs use less energy without compromising on the illumination, the condominium associations can look forward to reduced electricity bills.

When we use the normal bulbs in condos then the heat from them leads to increased air conditioning cost also. But when we switch to LED lights then we can stop worrying about the extra air conditioning costs. This is because the LED bulbs do not emit heat and therefore helps to maintain the temperature of the room or the condos. With these lighting solutions one can also forget about lead release and use them for outdoor lighting, office lighting and at various other places. Thus the lighting retrofits can turn out to be very useful and important in condominium association.

Different kinds of condos lighting are available for the condominium associations. These also come along with dimmers so that you can control the lights according to time. The different options that are available to you include accent lights, monorail lighting, recessed lighting and other solutions that can be used in your home.

When it comes to dealing with the installation charges then one can look for companies that offer flexible retrofitting programs. For instance, Energy smart Industry which deals in lighting retrofits, offers good LED retrofit program which allows the buyers to get the LED bulbs at zero out of pocket expense. Under their program the retrofitting is done at no extra cost and the company then collects its payment through the saving one makes on his electricity bill.

Special maintenance program, customize lighting solutions are some of the other features that are provided by such companies. It makes it easy for people to turn their condos and building into green buildings and take a step towards conserving energy.

Interest Only Mortgage

Interest Only Mortgage

An “interest-only” mortgage is like a line of credit. You can pay only the interest on the mortgage. This can greatly reduce your payments in time of financial stress. However, it also means that the debt will never be paid off.

With an interest only mortgage, you pay only interest for the first five, 10, even 15 years of the loan. This can lower your monthly payment by quite a lot. And that seems to have increased the popularity of interest only mortgages in the past few years.

The interest only mortgage is an interesting mortgage type. All you pay over the life of the mortgage is the interest on the balance. However, there are options once this interest only period ends. You either begin to pay interest and principal at a faster rate than if you’d done that from the beginning, or you can choose the balloon mortgage approach, which means the total loan principal becomes due at the end of your term.

When do interest only mortgages become more popular? Typically, as interest rates rise and the cost of housing increases, more people will look at this type of mortgage. Why? At issue for some consumers is the size of their mortgage payment and making that payment lower. At the same interest rate, an interest only payment is less than a payment of both interest and principal. A lower payment can mean that you will have a higher budget for home shopping. And that makes a big difference for some home buyers.

Many interest only mortgages have an interest only period (5 to 15 years) and then you begin to pay both interest and principal. If your interest only mortgage has a term of 30 years, after your initial interest free term, you would begin to pay interest and principal. You would begin to pay principal as well as interest in order to pay-off the balance by the end of 30 years. This actually means that your payments will be considerably higher than they would have been if you’d paid off principal all along.

Other interest only mortgages are like balloon mortgages. However, most balloon mortgages would ensure that you are paying down the original principal over time. When you pay your final balloon payment, it would be less than the original loan amount because of your payments of both interest and principal. With an interest only balloon mortgage, your final payment should be exactly equal to your original loan amount. All you’ve paid is interest; all the principal of the loan remains.

When would you consider this kind of loan? The circumstances to consider this kind of loan would be unique. Usually, a family with a single wage earner should not be considering this type of mortgage. Your exposure to financial risk would be too high. However, investors might be interested. The advantage with an investment property, that you expect to go up in value, is that the interest you pay is tax deductible. Therefore, you can deduct the interest paid from your taxes, while you own the property. At the end of the period of the loan, you could then sell your property (hopefully at a profit) and take the returns to pay out the mortgage.

However, this is a gamble. There’s no guarantee that the property appreciates in value. And there’s no guarantee that you can sell it when you decide to. If you can’t sell the property, you would have to refinance (unless you have made enough from the property to pay out the balance of your mortgage) and refinancing could cause you some challenges.

The other advantage to this kind of mortgage is that you can save or invest the money that you would have paid in principal on the loan. Again, this situation will usually favor investors of one kind or another.

Interest-only loans come with many of the options of other types of mortgages. With some, you can lock in a fixed interest rate for the full term, while others resemble adjustable rate mortgages (ARM), which carry a fixed rate for a certain number of years and then adjust every six months to a year.

What kind of savings are you looking at on your monthly mortgage payment? They can be significant. Let’s look at an example: You borrow $200,000 using an interest only loan with a 4.75 percent rate and no principal payments due for five years. Your monthly payment will be just $791, or about $250 a month less than if you went with a regular 5-year ARM with the same interest rate.

This can really work for you, if your property appreciates in value. Of course, there’s never a guarantee that prices will go up. And if you don’t sell your property as planned, your monthly payment jumps drastically after your interest only period. You’ll have to be prepared for that.

Interest-only loans can also make sense for people whose income is sporadic, either because they are paid on commission or because they receive a significant portion of their income in annual bonuses. In this case, you have the option of only paying interest some months, but can pay above and beyond the amount due when they get their bonus checks. There is typically no prepayment penalty on interest only loans. This gives you flexibility in applying extra money to your mortgage when you have it, and yet keep monthly payments low.

Advantageous Benefits of Living in a Condominium

According to many experts, condominiums are known as some of the best types of housing in the Philippines today, particularly in today’s modern competitions. The reason why is because of its many benefits which can easily conform to what is in-demand in today’s modern trends and lifestyles. Here are some of those benefits:

Accessibility to Business and Commercial Districts One reason why condominiums had gained a lot of popularity in the Philippine market is because of the luxury of accessibility that these types of modern housings are known to offer for modern Filipinos.

Most condominiums in the Philippines are found in business and commercial districts, such as in Makati City, Eastwood, Ortigas Center, and many other popular business and commercial districts in Metro Manila. Its location made it easier for its residents to access their workplaces and businesses while avoiding the usual hassles of rush hour both in the morning as well as in the afternoon. This made condominiums a popular home for executives as well as business owners.

Maintainability, Security, and Facilities of Condominiums Another reason why condominiums had gained a lot of popularity is because of its collection of amenities. Condominiums, according to many experts, became popular because of its own maintenance and security personnel that assure their residents that their living spaces are properly maintained while ensuring them of their safety within the compound.

In addition to that, condominiums can also offer a number of luxuries facilities that made these types of Philippines properties for sale even more popular and unique, such as swimming pools, gyms, and sports complexes.

Other than just luxuries, these facilities can also help in relieving the stresses of their residents through swimming, working out, as well as through sports.

New Payment Terms There are also a number of new condo Philippines today that can offer residents a new payment term that made these modern types of housings even more popular. This is because many of these new condominiums can now be bought and paid in installment, making it more cost-efficient compared to renting in an apartment unit.

Condominiums for Families Other than in the city, there are also a number of condominiums which are found in the outskirts of Metro Manila. These types of condominiums are known as condominium complexes, and part of what made these types of condominiums popular is with its environment and facilities, which is much more appropriate for growing children.

Ghaziabad Real Estate

Ghaziabad is rapidly emerging as a hotspot real estate destination. It is alluring many big builders, developers and investors as all over India the property prices are soaring but here the prices are still within reach. It has become land of opportunities for many big and small builders as it is offering good return on investments. With many MNCs setting up their base in the city, more and more people are migrating here in search of livelihood. Ghaziabad realty market is not only attracting domestic but also global investors.

In recent few years, development in the city is happening at a faster pace. There has been considerable improvement in roads, transport system and infrastructure in the city. Apart from that, well connectivity of the city with Delhi and availability of all basic amenities and lively lifestyle, are some of the reasons why people are moving to Ghaziabad. Also, those who cannot afford to buy homes in Delhi are considering Ghaziabad as an option to remain close to the city because here property prices are quiet affordable as compared to Delhi.

Another factor that has surged the demand of residential property in Ghaziabad is setting up of some good engineering colleges and schools in the city. The city is also emerging as an educational hub and students all over India are coming here for their education. It is also expected that in coming few years many companies more good companies will infiltrate the city thus creating employment opportunities as well as more demand for more homes. Moreover areas like IndraPuram, Kaushambi, Vaishali, Vashundhara, and Shipra are emerging as posh localities of Ghaziabad and many people are looking out for housing options in these areas.

Even though rental prices have soared up in the city the last few years still they are quiet less as compared to Delhi region. In Vaishali, a 2BHK apartment on rent can cost you up to Rs.6000 to 10000 whereas 3BHK can cost you up to Rs.7500 to 12000 and 4BHK can cost you up to Rs.10000 to 16000. In other areas like Kaushambi, Indirapuram, and Vasundhara, the rental prices for 2BHK are Rs.5000 to 12000, 3BHK can cost you up to Rs.8000 to 15000 and 4BHK can cost you up to Rs.10000 to 18000.The cost of rental values can vary depending upon the location.

Ghaziabad property market is boasting high residential property sales and demand for commercial property is also rising. Many new commercial projects are lined up in the city. According to a report ADAEs Reliance Energy will launch a 1000 hectare Special Economic Zone in the city which will bring relief to traders from paying tax, excise and customs duty on buying of commercial property in Ghaziabad. Apart from that SVP Group, is planning to launch two new malls namely opulent mall and Gateway Mall which will house high profile retail ventures and bring more business to the city.

The Origins Of The Six Percent Real Estate Agent Commission

The commission paid to the Real Estate agent is a serious amount of money and a concern in any transaction involving the sell of Real Estate. Where did this six percent commission come from?

The idea of a 6% Real Estate commission being paid to the agent originated during the 1940s when local Real Estate Boards openly engaged in price fixing to establish a standard rate. This process was an out and out case of an unfair practice, but the 1940s was a time when the attention of the country was directed to some serious external matters and the idea took hold and spread quickly through the industry.

In the early 1950s, the Supreme Court ruled that an established 6% commission was illegal. Rather than open up commissions to a more competitive and free market system, the Real Estate Boards merely shifted gears with a bit of fancy linguistic footwork and began to call the 6% commission the suggested amount. During the 1950s and 1960s, they managed to get away with this practice without much trouble as the majority of real estate agents complied with the suggestion.

In the 1970s lawsuits brought against the Real Estate Boards effectively put the skids on this practice. The Real Estate agents commissions were opened up to competition without the Boards either being able to mandate or even suggest 6% as the carved into stone rate. However, the rate did not alter very much in the years following these court cases. Although the rate may not have been carved into stone, it was pretty much established in the Real Estate market as a standard.

Generally, competitive markets benefit consumers. As long as someone is willing to offer a discounted rate, it would seem that the consumer stood to save money. However, the proponents of a standard 6% rate commission point to such things as health care to argue that the standard rate may actually be helping the consumer by holding the commission down to 6% rather than propping it up to that level. Although the cost of health care is not regulated, the general trend has been straight up off the charts.

Real Estate agents would be quick to point out that if you were to take a close look at just about any service or product being offered or sold in the 1940s, you would find a very serious increase in cost to the consumer. Except for Real Estate commissions which are still right around 6%. The amount being paid to the agents has increased greatly merely because the value of the property being sold has increased. Today, the internet has been responsible for a few chips in the rock of the 6% commission by offering some straight fee or reduced rate services that allow the sellers to list their own properties. The results are still mixed and the 6% commission is still the standard.

How Property Managers Make Rental Property Management Easy For You

Fundamentally, a property manager is a person who is employed by rental property owners to oversee and run real estate rental properties. Their duties to property owners and tenants are varied depending on the salary they get and the terms provided in their management contract. Below are the reasons why it is a great ease for landlords to hire a proficient rental property management company:

They Take Responsibility On Setting, Imposing And Collecting Rental Fee

Property managers take the duty of setting the appropriate amount of rental fee for your property. Make sure that you hire the one who has a sufficient knowledge about the local market to determine the suitable rent that will pull potential tenants towards your property. Moreover, they ensure that you get optimal inflow of cash by setting a definite date to collect rent monthly firmly imposing late fees to crook renters. The property manager has the autonomy to raise the rent by a fix percentage every year, in line with the local state or municipal law. They can also reduce the rental fee if they believe that it is a necessary measure in order to keep up with the market trends.

They Will Take Care Of The Tenant Issues

Finding the right tenant and handling other tenant issues is such an overwhelming task for a landlord. In order to find the perfect tenant for your property, you have to conduct a thorough tenant screening process. During the tenant screening process, it is crucial to run a strict background and credit check to all applicants. This procedure will help you obtain decent tenants to reside in your unit without facing problems concerning tenant discrimination. In addition, they are also responsible for managing leases. They are also expected to oversee the needs of your tenants which include repairs, noise complaints and other maintenance issues. Apart from this, they are also employed to supervise move outs and handle eviction process.

Attend To Maintenance and Repairs

Managers should perform preventive property maintenance on a regular basis to upkeep the good working condition of the entire rental property. Property maintenance is made to make your existing tenants happy and attract new tenants.

They Are Knowledgeable About Landlord-Tenant Law

An adept property manager should have adequate knowledge on existing landlord-tenant law. They should know the laws encompassing the process of screening tenants, handling security deposits, termination of lease and eviction of tenants.

They Manage Your Budget And Keep Records

Property managers are responsible for supervising the funds for property maintenance and keeping all pertinent records. The manager should maximize the allotted budget for the operations and maintenance of the rental unit. They should also maintain systematic and complete records as to the financial activities of the property.

Responsible for Taxes

The manager can help the property owner with regard to taxes. They can guide the owner on how to properly file taxes for the investment property.

Crm Systems – Helping To Attract And Retain Mortgage Leads

CRM systems, or customer relation management systems, are very useful for attracting and retaining a large number of mortgage leads. As many already know, it typically takes much more effort to gain a client than to keep a client. However, far too many people do not use their time effectively when it comes to lead retention. But by incorporating a few simple methods of marketing automation through various CRM software solutions, you can free up your and your staff’s time while increasing the efficiency and success of your business. Therefore, you will be expending less effort but will still be reaping the rewards.

Although there are a variety of CRM providers available, you will want to make sure to choose one that deals specifically with mortgage CRM. This way, you can be sure that you are using the most relevant marketing methods for this particular industry. The proper way to gain leads and foster good client relationships varies quite a bit depending on the type of business you have. Therefore, making sure that you are using techniques proven to be effective for the mortgage industry is very important. Fortunately, there are many CRM systems that were developed with mortgage leads in mind.

CRM systems are basically a means of sales force automation. This means that many of the repetitive, day-to-day tasks that take up a large portion of you and your staff’s time can be put on auto-pilot. This not only frees up your employees to complete other tasks, but it also ensures that these more mundane, but still necessary, tasks get done quickly and efficiently. When left to be done by employees, some of these projects can go by the wayside, or may not be completed properly or on-time. By using CRM software solutions to do this work for you, you can be assured that each and every lead will be reached in a timely manner.

Due to the fast-pace induced by the internet culture, clients need to be reached and then followed up with immediately. A delay in this process could mean losing a great deal of business. Therefore, using marketing automation as a part of your mortgage CRM strategy will make sure that your name remains at the list of each and every one of your mortgage leads. Everyone wants to have more time while still making sure that their business is successful and CRM systems can make this happen.

Valuable Information About Melbourne Property Market And Prices

Buying property in Australia has made headlines in the recent months as the markets are growing and the suburbs are being part of the coveted million-dollar club. Hence, property is being looked at as the best investment.

Melbourne Real Estate Values

2014 seems to be a good year as there appears to be an upbeat at least in the property scenario. The Melbourne market is showing signs of recovery and an upward trend is noticed in the coming months. Prices are rising gradually but not sharply. Melbourne property prices are said to climb further up and some analysts believe that the price growth would overtake established cities such as London and New York. However, after prices reached a peak in March 2014, there has been a fall in values for two months successively. This has shown buyers that a rapid price rise will not happen in early spring and the winter. The upswing phase started 2 years ago in May and currently it seems to be more moderate due to a better configuration between population growth and supply. Over the last two years, Melbourne home values have gone up by 13.1% and currently only 0.7% more than the peak price in October 2010.

Property Market Forces

Although, the Melbourne property market showed positive signs, in the last few weeks, the media was pessimistic. However, market analysts explain the phenomenon using statistics and history; it is said that the chief drivers of housing are interest rates as well as consumer confidence. When the rate of interest goes down, home values often increase. Conversely, when interest rate rises, home prices will keep decreasing. Therefore, it is not a chance that the growth in the property market that started in May/June 2012 was followed by the easing of the interest rates in May the same year. Now, that the interest rates are expected to be low throughout the current year and in 2015, there will be increased consumer confidence. This can bring about a slight increase in Melbourne property values or it may remain flat.

Why Invest in Melbourne

Melbourne is considered the best ever city in Australia. If you buy a property in Melbourne, you can be sure to receive returns. Being in the list of the top ten livable as well as sustainable cities in the world is enough reason why you should invest here. This is taking into consideration its economy, transportation, education, health and environment. A sustained growth in population is one important reason for the citys economic prosperity. The metro is well-designed with large gardens, good roads, public transport and affordable housing. With a pulsating culture, Melbourne also has cosmopolitan clubs, cafes and restaurants. This is why; you should think seriously of buying a home in this city.