Real Estate

The Real Estate Market Of Rohini

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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.

Real Estate

Population Spurs Guwahati Real Estate

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Guwahati, the capital of Assam is the most important destination of Northeast India. It is surrounded by the Seven Sister States- Nagaland, Aruncahal Pradesh, Meghalaya, Mizoram, Tripura, and Manipur. Guwahati is famous for its rich coal reserves, natural gas, oil industry and tea plantations. Being the largest city of Assam, it is the industrial, educational and commercial hub of the state.

Guwahati is located on the bank of the Brahmaputra River and is heralded as a corridor to the entrance of northeastern states of India. It is one of the most rapidly developing cities today as large scale investments in real estate in Guwahati and nearby areas are being made. The primary reason for such growth is the ever-growing population of the city. This considerable increase in population happened because:
Guwahati is the economic centre of the state and so, the most preferred destination for migrants in Assam.
The fast paced development of industrial sector attracted more number of professionals to the city. These employees then generate accommodation needs leading to rise in demand for residential property.
Guwahati is home to some very prominent educational institutions of the country like IIT and other world class colleges. Students from everywhere throng the city while resulting in higher demand for housing spaces.

Knight Frank, a leading global property consultant observes that the immense rise in population has in a way proved beneficial for Guwahati property market. Large numbers of residential units comprising individual houses, apartment buildings, etc. are developing fast in the city. High street retailing is also flourishing with various departmental stores, supermarkets and large format stand-alone stores being established. Organized retail has also been growing with apparel stores and food and beverage chains setting up their flagship stores in the city.

Though Guwahati hasnt seen an IT wave as prevalent in other cities but FMCG, insurance and financial companies have been taking interest in bringing their operations to the city. Many more are scouting for vacant land in the city to settle their presence in the city as central locations have almost reached saturation levels. The peripheral areas of the place are on the path of becoming new hotspots for real estate development. Due to such large-scale growth, hike in rates of property in Guwahati have been recorded from past few years.

The noteworthy developments among the residential projects that have shaped in the city in the residential sector include the following:
Guwahati Metropolitan Development Authority (GMDA) has come up with a Games Village at Sarusajai consisting of 700 residential units.
Another project by Brahmaputra Constructions comprising 150 apartments on RG Baruah Road is another important project.
Various infrastructure development projects are under progress to develop this upcoming region of Assam. The Games Village Township would further generate commercial developments in the area. Some national level retail corporations and international brands are also expected to enter the Guwahati real estate market soon. Moreover, local property developers are building up many residential and commercial projects like Riscon Villas, Southern Retreat, Protech Park, Agrim Residency, Uttarayan Greens, Zenith Heights, The legacy, Royal Circle and many others. In addition to these, Divine Plaza in Ganeshguri, Vishal Megamart at Paltan Bazar, Shopping centre called Hub at Bhangagarh, multiplex named Dona Planet, etc. will open shortly.

Guwahati witness huge migration from around the country, especially from north eastern states. These developments are instrumental in accommodating this population and in supporting the economic growth of the city. Property in Guwahati is all set for a higher boom and comes across as an ideal time for investments in property.

Real Estate

Goa Real Estate Emerging Realty Destination

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Goa is situated on the west coast of India and is famous for its millions of years old beaches, world heritage architectures and worship places i.e. both temples and churches. The capital of Goa is Panaji and is highly distinct from all other cities of India. Goa is the hottest and the most popular tourist destination for its pristine beaches and international lifestyle.

The city of Goa splashes a terrific blend of old and new, verdant hill forests, shiny sand, swaying coconut trees, infrastructural marvels perfectly coupled with hospitable and charming people. This region known as the smallest Indian city does not only lure holidayers but property investors also. The investment avenues are evergreen in this city as all the above luxuries can be enjoyed throughout the year. Goa seems to be a perfect investment destination for many as relaxed and quality living is its primary offering. You can enjoy your retirement life amidst its greenery and sparkling environs by investing in Goa property now before prices are spiraled high. You can invest in any kind of property like penthouses, flats, guest houses, rest houses, hotels or other kinds of residential and commercial properties.

With the growing awareness of the tourism potential in Goa and the entry of various international events, the property rates have already grown high. The real estate in Goa is blooming and rates are expected to grow further. The temperature of this city is congenial and suits all kinds of visitors from across the world. It has a global appeal that makes it a favorite with foreigners and continues to invite investments from international corporate entities. Being known best for holidaying, businesses in hospitality are at the top in Goa. In the commercial sector, tourism companies and hotel industry show great interests in Goa real estate. Steep rise in commercial realty rates has also been predicted by the real estate experts.

Moreover, properties in Goa are extremely eye-catching that keep the watcher hooked to them. It is known for its architecture and cultural places like age-old churches and temples. People from far flung areas come to visit these pristine marvels, making this city a precious jewel for the country. Such attractions make it one of the most sought after realty destinations of India. It would always prove beneficial to invest in property in Goa as it will inevitably grow as a holiday destination and a tourist spot.
The future scope of Goa real estate is unlimited and so, realtors and property agents advise investments in the current scenario as it would soon witness sky rocketing prices. This investment would reap high profits in future and so, various leading property dealers like DLF, Parsvnath, Acron, Araujo Home Makers, Sanatan Financers, etc. are entering in Goa in the quest for investment avenues. Some of the upcoming Real Estate Projects in the city are listed below:

1. DLF is all set to come up with a glitzy shopping mall in Panajis Patto in Goa.

2. Prominent real estate developer, Parsvnath Builders and many others are constructing projects with the aim of transforming scenic locales of Goa into huge housing segments featuring health clubs, tennis courts, shopping malls, hospitals, schools, etc.

3. Apartments on the beach or one with a river view or an exclusive bungalow featuring top-notch facilities, etc. will be the new face of the beach city, Goa. Shopping arcades featuring top brands are also mushrooming in the city.

According to real estate consultants, residential property in Goa asks for high rentals along with good resale value. The construction boom has swept the entire city while it emerges as the upcoming realty destination.

Real Estate

Estates is a Real Estate Company that Deals in Properties in San Diego

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When one pictures his dream home, he would naturally think of a house have every bit of comfort and peace and surrounded by an environment that meets his requirements. You can barely define what a typical home can be like, but it should at least be a place where your mind and body can relax itself. It should make you say ‘Home Sweet Home’. Be it large or medium or even small, the atmosphere inside your house should help you calm yourself. At present, you can find innumerable real-estate companies. Most of them promise world class services. But reliability is a strong factor that makes the choice of a company difficult.

San Diego, one of the most important commercial centres of the world, is a place known for its economical viabilities. It is also the second biggest city in the State of California in the United States of America. Moreover the climate is very refreshing and comforting. Thus San Diego homes for sale are obviously in demand. 7 estates is a real-estate company that provides you San Diego homes that are for sale and houses rent San Diego County. The locations of these homes are very aesthetic. The natural beauty surrounding these homes can grab anyone’s attention. The houses are studded with high quality and luxurious comforts. All these features bring to mind a price that is beyond the reach of most. However the actual price is astonishingly lower.

San Diego is rapidly growing into a well-developed city. Highly developed infrastructure and a location craved by many over the world, San Diego homes for sale and sale houses San Diego have a really high demand. Thus it is necessary in every respect to find a genuine property that does not come with a jaw dropping price. Search San Diego MLS listings is the method of selecting your desirable property, purchasing it, or selling it. The web-site classifies the properties as Basic, Advanced or map on the basis of floor area, no. and size of bedrooms, bathrooms etc.

Both the buyer and the seller are provided with all the necessary information by Houses rent San Diego County, with a small price that is required during the transaction. They also employ short sale specialists who guide and advice owners in matters of short sale of properties and against any kind of foreclosure. This kind of a situation usually occurs when the lender is of little help when the owner’s property has been undervalued. 7 estates keep in mind the needs and demands of each and every of its clients individually. 7 estates employ hardcore negotiators who make the situation of San Diego foreclosure homes for sale simpler and less complicated. The entire process remains confidential. 7 estates also manage San Diego Investment properties for sale and Townhomes and condos for sale. The site is also very helpful to clients who wish to relocate to San Diego. The site provides very detailed San Diego County relocation information. So if you want that dream home in San Diego, you know whom to rely upon.

Real Estate

Capitalisation Rate In Real Estate And How To Calculate It

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Capitalisation rate is the percentage figure used to find out the current value of a property based on a figure of future net operating income. When divided with the capitalization rate, the net operating income of a real estate property will provide the approximate market value of the property.

When determining the capitalization rate of a property, the rates applied to real estate properties of the same nature sold most recently is used. When determining the capitalization rate, the sales value of an asset sold most recently is divided by the income it generates decisions. This provides a more objective way of valuing real estate properties which can be used not only by the seller but also by the buyer alike. It will assist the seller get the right piece for his investment while the buyer prospective buyer will use it to make informed decisions as to whether or not the value of the property is properly estimated.
This acts as a good base for estimating the value of income generating real estate properties when buying or selling. By looking at the sales price and income of other related properties located in similar environment, you can come up with an acceptable capitalization rate that will enable you determine the value of your asset based on the current income.

Determining the capitalization rate need not be an arduous task. You can start by collecting the statistics of recently sold properties in similar or the same locations as your property. The chosen property should correspond with that of your property. You need to determine with high degree of accuracy the net realizable rentals by the owners of the property. For instance, you can take the net rental income realized by the owners to be $30000.Get the sale price of the asset and divide the net income by the sales price. This will give you the capitalization rate. If in this case the property was sold at $900000,you have it divide by the net income of $30000,the resulting figure will be 0.33.Then convert this figure to percentage points by multiplying it by 100.This will give you a capitalization rate of 3 percent.

Capitalisation rate have become a great help to the owners of property owners who have the intention of selling them. Without capitalisation rate, it would be hard to value real estate assets. Many people would be deceived to accept lower prices by the buyers of the same properties. Since you will use other properties that are independent from yours when working out the capitalization rate, you will be assured of a better return when you finally decide to dispose your property. The determination of this rate need not be a headache. The procedure is quite simple. Get the net income of a real estate property sold in recent times and divide it with the sales value. Then you convert the figure obtained to percentage form. This figure will aid you in working out the real market value of your asset.

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