Suvarnabhoomi – Real Estate In Hyderabad

The city of Hyderabad is known for its age old history that goes back for more than 400 years. The development of this great city is astounding as there is a lot of change that made this city grow into a bigger and a better place to stay for any from all over India. As per the information in 2008 the estimated metropolitan population of 6.7 million and as this beautiful city is known for its information technology savvy governance and ever increasing multinational companies that harbor employees from all over India and the world made the city grow more cosmopolitan. The real estate in Hyderabad is seeing new highs as these changes take place in most of the areas in the city. The land owners and the house builders are more than content as their real estate value started skyrocketing to new heights. With investors pouring in and the infrastructure getting better than ever before the economy is booming more than ever before. Suvarnabhoomi is the best real estate in hyderabad which is well known for providing plots in hyderabad and villas in hyderabad.

Hyderabad has grown to be a favorite hub for investors which have not only provided quality infrastructure for property investments but have also added attractions like special economic zones, industrial parks, IT campuses, and a new international airport to its credit. With the development of a township with state-of-the-art facilities called HITEC City in Hyderabad, the place has emerged as one of best places for property investments.

With all these factors the real-estate prices are affected tremendously and as we know that real estate prices generally fluctuate because of three factors: the demand-supply ratio, location of the property and the opinion of the buyer. Suvarnabhoomi in Hyderabad has fared positively on all the three counts.

With the demand for the IT companies and other multinationals looking for a comfortable space to put up their offices the demand for the prime location property couldnt match the supply and resulting in an increase in the price rise. Sensing the flow of the industry a number of Real Estate Construction companies have come up in Hyderabad which resulted in development of large number of housing societies in Hyderabad, India

Chennai Real Estate- Victim Of Market Slump

Real estate in Chennai is on the verge of a crashing market, believes industry experts. Chennai property prices have seen an escalation of almost 200 per cent in the last few years. But with the global slump in the real estate industry Chennai real estate has also slowed down.

Number of Chennai real estate developers has been able sold only a few of their properties in the last quarter. R Mohanty, real estate agent from Chennai states, “The residential real estate prices in Chennai have grown by leaps and bounds making it difficult for buyers to purchase a home in the city. The increased loan rates have now made it worse. Though the prices are witnessing correction people are awaiting the market to further stabilize.”

Research reveals that there has been a 90 per cent drop in demand for residential projects since the start of the year.

Notably, Old Mahabalipuram Road, the hottest real estate destination in Chennai is also loosing pace. Cursing the fading effect of the place on lack of infrastructure facilities, Chennai real estate agents say there have been only a few transactions in the area for quite sometime.

The commercial sector is also witnessing a downfall. The Central Business District in Chennai has seen a 15 per cent drop, media reports.

IT companies largely drive the demand for Chennai properties but due to the current market recession many companies have postponed their expansion plans. As a result supply of office space in the city has exceeded demand. Huge chunks of office space are lying unoccupied. Subsequently, Chennai real estate builders are now waiting to launch their projects.

Besides global recession, inflation, the rising home loan rates and increasing input costs have also resulted in slump in property transactions in Chennai. Realtors in Chennai are struggling to sell properties. Though price correction is taking place in Chennai Real Estate sector but realty experts predict that the market will bounce back.

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.

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.

Prospecting Letter Tips in Commercial Real Estate Brokerage

There are a number of ways to prospect in commercial real estate. One of the more effective ways to do that is to send prospecting letters to key people and targets in your area. If this is something that is attractive to you in prospecting, then you will need to understand the letter system and implement it correctly.

The secret behind the success of the letter process is to make them relevant to the marketplace, and provide valuable insights to market conditions and trends. Over time, and through sending plenty of letters in a 90 day contact cycle, you are perceived as a market leader that should be considered when it comes to any new listing in the local area. That is when you will get a good share of invitations to present and pitch on listings.

Most clients and prospects want to use the best agent with the ‘runs on the board’. Prospecting letters set up that image and branding. Some agents believe that this is the only way to prospect. They would be wrong, particularly because this process takes many months if not years of consistent action to get the results coming back to you. Over a period of 12 months you should be sending 4 letters in a staged process. Every letter will have a new story or message to tell.

This letter based prospecting system is in addition to your cold calling, door knocking, and referral business. So you will have the other things to activate and run in parallel to your letter system.

Here are some rules to help you set up this valuable networking and prospecting process:

Letters should be sent to the right people by type and location. In this way you can judge the feedback and inbound enquires. Create letters for Sales, Leasing, and Property Management. That then helps you with relevance in each letter sent.

Follow up your letters wherever possible. Use the letters as triggers to make calls. They turn a ‘cold call’ into a ‘warm call’.

Letter frequency will always be important. At a minimum your letters should be going to the same people every 90 days. You can shorten that cycle to 60 days if you wish.

Track the conversations and enquiries that you get back from the campaigns. That will help you understand what works and how you can improve on that.

Meaningful messages should be created for each letter. Understand the ‘pain factors’ in the market today that apply to sales, leasing, and property management. Write the letters to the challenges that property owners and occupiers are suffering. Offer solutions.

Success letters should be sent to all businesses and property owners around each completed listing.

Marketing letters should be sent around all quality listings.

Growing Demand Of Real Estate In Dehradun

Real estate market in India has witnessed multi-level growth in the past few years. As per the industry, the upward graph has no chance of reaching down or even no chance of coming flat for next few years. Lots of activities that include residential complex development, commercial real estate development, retail space development, etc have driven the Indian real estate market.

Apart from metropolitan cities, property prices of small cities in India are rising fast. Owing to tech boom across the country, property in Indian is attracting more investors, most of them from abroad. As per the sources of real estate industry, Indian real estate is increasing at 30 percent per annum.

Due to increasing property prices, buyers are looking forwards to invest in two and three tier towns where property rates are growing with rapidity. Dehradun real estate is one of the most demanded properties in India to its due to emergence of a large number of national and multinational companies.

Almost 90 percent of real estate developed is residential space and the rest include office, hotels shopping malls and hospitals. This type of double-digit is primarily attributed to the off-shoring and outsourcing businesses, such as high-end technology consultation, call centers and programming houses.

The demand from the IT sector surely has changed the urban landscape in India. According to estimates, there is a demand for nearly 70 million square feet of IT & ITES space over the next four or five years. Many multinational companies continue to move their organizational operations to India to take benefit of less manpower and other costs. Providing human resources and home at their work place presume great importance and there the requirement of form space for people to live and wok that in turn cause the development of other related infrastructure. It has been a predominant trend to set up the worlds best business centers, often campus-style establishments, bearing a different corporate stamp.

Conscient, a leading name associated with Dehradun property and real estate Dehradun, offers a wide range of real estate in Dehradun with most luxury at affordable price.

Strategies For Multiple Offers In Real Estate

Purchasing a house can be extremely thrilling, however when you are tackling multiple offers, it is tremendously important to keep cool head and not let your feelings — or your competitive nature — overshadow your good judgment because there are a lot of unscrupulous maneuvers a homeowner can implement when confronted with potential purchasers attempting to outbid each other for their home. Real estate professionals are also susceptible to taking advantage of both the purchasers and sellers to boost their commissions higher and closure rates more impactful. Without a doubt there are accepted rules of engagement that deal with such scenarios, however they are not always respected — so all involved has to stay focused and alert for signs of foul play.

To curtail unfair tactics that arise in the bidding procedures, some provinces literally make it illegal for sellers to list any price that they do not plan to agree to simply to escalate a bidding war. There are specific regulations involving multiple offers that involve non-disclosure of details while demanding that any alterations to the bidding procedure must be discussed with all parties before implementing. However in the search to finagle a higher bid, often times critical facts are intentionally revealed or even misrepresented to influence the potential bidders.

Ideally, when buyers find themselves up against multiple offers, they will present an agreement that has as few terms and conditions as feasible and gives a fair amount for the home with the hopes it will entice the homeowner. It is generally hard for prospective purchasers to resist the urge to make excessive offers in the heat of the moment, a behavior that can be exploited by unscrupulous sellers and agents who could send back a perfectly good offer to see if it can be sweetened.

Bargaining strategies frequently incorporate an agreement between the seller and their agent not to disclose multiple offers, and purchasers in these circumstances are not even alerted that there is competition for their offer. Most sellers, however, are very keen on letting all purchasers know that they are anticipating other offers, but it then becomes their duty to make sure no sensitive facts leak out and that the process remains fair for all parties. This does not stop some realtors from communicating with their colleagues by making it public that bidding has started on one of their listings.

Another tactic sometimes used by unscrupulous sellers is deceiving potential purchasers, and also their realtors, by entertaining offers they have no desire of considering just to panic the other purchasers and starting a bidding war. A few homeowners even begin with a very low price in hopes of creating massive interest that will generate bids so high they actually go over the value of the property. However such schemes may backfire when word gets out among the real estate industry that a seller is influencing a bidding war because they will refrain from bringing their buyers to look at the property.

Calgary Real Estate Agents-serving Various Home Purchasing And Selling Needs

Being known as the largest city of Alberta, Calgary has a lot to offer to their residents and, of course, to those who come here during the vacation. As a result, the prices of both residential and commercial properties are rapidly increasing with a fast pace. Therefore, now for anyone finding the potential property can become a notoriously difficult task. And, obviously, in an area where most of the accommodations are laid, you have to pay little extra money to purchase even a single flat or condo. To overcome such problems to a great extent it is wise for you to go through the list of the Calgary Real Estate Agents. Put simply, these professionals are fully dedicated to helping those who have a need to own a new home or want to sale their own home.

Obviously, the city houses a plethora of agents who are primarily concerned with helping the people get a new home or other kinds of property. You can find these experts working individually or offering real estate services to home seekers through a group of experts. These professionals are also a viable alternative to collect the relevant information on those properties that you are planning to buy in the coming time. You can also approach these experts if you are looking for the home seekers.

These days, more and more people are tending towards availing the services of the Calgary Real Estate Agents since these professionals have intense knowledge and experience in the real estate industry. These personalities also help you find the best lenders in case if you have a low budget and want to get a good amount of loan. With the help of these agents, you can also get a quick access to the advanced features of Multiple Listing Services (MLS), which has now become the Canadas reputed and biggest real estate network.

The Real Estate Market Of Rohini

After a lot of research Jyoti, 32, and Ramesh Aggarwal, 36, have decided to purchase a two-bedroom, 1,000 sq ft apartment in a society complex in Sector 9, Rohini for Rs 38 lakh. Not only did they compare prices in their research, they also looked at factors that affect general day-to-day living, such as level of congestion, availability of greenery and open spaces, likelihood of water shortages during summers, and travel time to important destinations. Finally, took a decision and bought an apartment in Rohini.

There are many reasons why one would like to purchase a home in Rohini. And one of the main reasons why anyone would feel attracted to purchase a property in Rohini is because of its connectivity with the metro.

After the Metro became operational, prices have risen by 40-60%, according to a property broker of the area.

A property dealer based in Netaji Subhash Place explains the price rise in terms of reduced travel time. He said that till a few years ago, it took one-and-a-half hours to travel from Rohini to central Delhi areas like CP and ITO, so its property was available at a low price. After the coming of metro, the travel time is now only 40-45 minutes, and the commute being far more comfortable than a road journey, Rohinis society apartments now boat of a price of Rs 3,150-4,500 per sq ft. This is at par with prices in areas like Patparganj in East Delhi which are only a 30-minute drive from CP.

Not only metro, of late Rohini has witnessed a lot of commercial development as well, which has led to overall development of north-west Delhi. In fact, entertainment-wise Rohini has given newer options to people residing in the nearby areas.

There are some common factors that have contributed to an increase in prices in Rohini like easy availability of bank loans, high salaries commanded by young professionals, and the massive influx every year of people from other states into Delhi.

Rohini has options for every pocket: If you think you can afford one, go for a society apartment. These kinds of apartment boast of better-quality construction, high-maintenance, comparatively more open areas compared to DDA flats, and of course better security arrangements. The up-market complexes, about a dozen within Rohini, are equipped with lifts and have power backup system.

Such society apartments are mainly located in sectors 7-14 and out of these, sectors 9, 13, 14 and Prashant Vihar are available at a very high price, because of the quality of development and due to proximity to Metro stations (East and West).

Other option is DDA apartments that usually cost less than society apartments. 1 BHK LIG apartment costs around Rs 2,000 per sq ft, and prices of two-bedroom MIG apartments range between Rs 2,350 and Rs 2,900 per sq ft. The construction quality of a DDA apartment is usually inferior as compared to a society apartment, so you may have to spend some amount before you can actually start living in one. DDA flats are located in sectors 2-8, 15-18, and 24.

For people who are looking at low-budget options, they are available in sectors 23, 24, 25 and 28. These sectors are a little far from the Metro line. According to Mr. K.K. Wadhwa of Wadhwa Property, a plot of 32 sq m would cost around Rs 18 lakh in Sector 7; in Sector 28, the same plot-size would cost you just Rs 9-11 lakh in this sector.

A development that is sure to attract people from all over west Delhi to Rohini is Planet Pogo, a theme park, which is being developed in Sector 10. The company that developed Appu Ghar, Unitech Amusement Parks, and Turner International India are partnering this project. It is scheduled to be launched in the last quarter of this year. As far as shopping and entertainment options are concerned, Rohini has M2K Mall in Sector 3, and PVR Complex in Prashant Vihar. There is also a district court at Madhuban Chowk in Rohini.

So, if you are looking to buy or rent a house in west Delhi, you should definitely consider all the options available within Rohini. It undoubtedly has quality housing, good connectivity and all the amenities one expects in a well-developed area.