Tuesday 19 November 2013

BENEFITS OF CHOOSING NEW HOMES


Everyone in the world has a dream to buy new home with modern facilities. Today houses in different styles are being constructed by home builders. When planning to buy a house give preference to new houses than old houses because they provide many benefits.

Choosing new houses will bring freshness to your mind. In a new houses everything can placed according to our wish and we can give instructions to the builder like which color you want to apply, what kind of cabinets you want, about landscapes, gardens and so on. But when buying the old houses it is very difficult to adjust, we have to change everything in order to make it ours and it is expensive. When looking on the expense and quality of the appliances buying a new house is better than old house.

 One of the benefits offered by the new houses is the warranty on domestic appliances. In a new house lots of appliances are present if of them get damaged within the damaged period we can call the company and they will repair or replace it thus we can save the money. But this is not possible in the case of old houses as the appliances will be old and we have to bear the expenses on repairs and replacements.

The initial cost of buying new home is little expensive than old but the maintenance cost is very less. While buying buyer has to verify each and every part of old houses. So property experts say that the decision of buying new houses is good one because it offers many benefits than old houses. It is very comfortable to live in a new house as buyer can customize the house according to the taste and another reason is that it saves time and money.

Thursday 14 November 2013

ARTICLE FROM BANGALORE5 - CONCEPT OF GREEN HOUSES IN REAL ESTATE









One of the latest construction trends in the real estate market is green houses. Today many real estate builders are looking for creating new trends in their projects and the best example for this is the concept of green houses. When compared to other types of apartments the green houses are less expensive and more comfortable. Now both the builders and buyers are aware of the advantages of green houses and thus the demands for this type of houses are increasing day by day. For buyers this type of houses will help to save the energy consumption. In metros presently people are focusing to have a house with natural settings and many developers are constructing their projects as per the need of customers.

Green houses are extremely different from traditional houses. One of the advantages of green houses is that they are using the eco friendly materials and thus the cost of construction will become less. Due to the elegant style of the green houses all are getting attracted towards this trend. It offers comfortable look and feel to the home that is bringing nature very close to life. 
An ideal green home is a combination of different methods and technologies, it can be both expensive and non expensive. According to the facilities needed it will become expensive. A green house includes the facilities like solar heaters, solar panels, rain water harvesting techniques and so on.

Real estate market is becoming very competitive therefore real estate investors are looking for different trends in the projects. Generally it is clear that investment in green houses is becoming more relevant in the present situation it provides benefits to both developers and buyers.

Wednesday 13 November 2013

Developers claims RBI’s New Policy will Reduce Property Transactions




According to them 80:20 will bring negative emotionalism in the mind of the developers and buyers, which will result in more slowdown of the transaction.

Staff Reporter:-
Real estate industry is currently witnessing many hurdles and cries, builders and developers are worried about the current market stability, which is sinking down and adding more complaints in the realty market, Reserve Bank of India’s policy that banks should disburse loans in installments in coupling with the level of construction work completed. The realtors are claiming the RBI’s decision as a huge drawback for the real estate industry. According to them this will bring negative emotionalism in the mind of the developers and buyers, which will result in more slowdown of the transaction.

            As per the 80:20 scheme the buyers need to pay 20 percent of the property price and remaining 80 percent were been paid by bank to the builder, lending as a bank loan to the buyer. But, as per the new policy the buyer has to pay 20 percent as the booking amount and remaining amount banks will pay to the builders as per the stage of constructions. This will result in to lack of investment and financial crises for the builders and developers. As if the real estate sector is facing liquidity crises.

            “The decision has come at a time when the home interest rates are already very high and the property prices have increased due to escalating cost of raw materials; it will add to the woes of the customers. The common man’s chance to own a dream home with minimum investment will be affected” said RK Arora, CMD Supertech Group.

            This will affect the buyers and developers both and widely to the buyers. This will result in reduction in the number of investors in the sector, as buyers will lack with the investment money and it may also leave many projects in lurch due to lack of finance with developers to complete the construction, as it will be difficult for them toacquire investments.
                                                                                                       
            “Statistics says that nearly 20% of loan disbursements for the new flats in Mumbai are under such schemes. There have been reactions coming in way as it’s obvious that the developers are against the notifications. It’s ironic that the government believes the middleclass, which avails of loans to buy its dream home, to be a risk, but not the five major industrial houses that, between them, have an exposure of Rs.5 lakh crore of public money. The RBI obviously thinks it is extremely important for it to stifle the economic growth of a company by taking such decisions,” said Vimal Shah, managing director of Hubtown and president of the Maharashtra Chamber of Housing Industry.”

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Tuesday 12 November 2013

BANGALORE REAL ESTATE TECHNOLOGY DRIVES - RER Frank Talk


Technology plays an important role in the world development as it has both positive and negative effects. In Bangalore real estate technology is considered as a key driver for the real estate market. As the world is developing new technologies are emerging some will reduce the real estate demand but in other case it will cause positive effects to the economy.

Improvement in technology and internet facilities has changed the real estate a lot. Many web portals are available on the internet which will help the investors to know more about the property related information. Property related matters means the current market rates, property types and so on. Internet is the best technology which improves the real estate business and it is the safest and fastest way .The rise of technology has helped buyers in choosing properties of their choice in different locations. 

In real estate market new trends are emerging due to the competition among developers. Due to the business opportunities in real estate a large number of developers are focusing their attention here and are developing new projects. 

With the growth of technology in Bangalore employment opportunities have increased. As such there in growing demand for residential properties this is a positive trend for developers and builders. Thus there is great opportunity for both buyers and investors in Bangalore.
 

BOOMING REAL ESTATE SECTOR - RER FRANK TALK


Bangalore is the fifth largest city and third most populous city in India, considered as one of the hot spot for real estate investment. It is called as the silicon valley of India which is situated in the state Karnataka. It is well known that the India’s leading Information Technology companies, many software companies, telecommunication industries; educational institutes etc are established here. Due to these facilities many developers are constructing their residential and commercial projects in Bangalore.
As the demand for residential and commercial property increases the property prices will also gradually increase because of the boom in IT sector. Bangalore is considered as the dream place for IT professionals’ and the growth of IT sector will boost the real estate market. As a result plenty of job opportunities are available here leading to migration of people to this city, thus the demand for residential property has become high. Fast developments are taking place in the infrastructure of the Bangalore. As a result real estate developers are building their new projects in different parts of the city. Most of the developments are taking place in areas like K R Puram, Sarjapur, Bannerghatta Road, J P Nagar, Marathahalli, Jayanagar and Kanakapura Road.
On analyzing the market trend Bangalore is one of the top real estate destination for commercial and industrial sectors. Today all are looking for a high standard of living and most of the people are looking to buy property in Bangalore. Thus the property market is growing in this city and this trend is likely to continue in near future.
Residential properties are available at different prices as per the needs of the people. Even though property prices have gone up the demand is not reduced. Today people are ready to buy properties even at high rates and have developers are focusing on constructing high and upper middle class projects with new trends and technologies.
Some upcoming projects in Bangalore are

*Unity Realty of Unity Infraprojects are planning to invest hundreds of crores in housing project . 
* Sunil Mantri Group is planning to invest Rs 250 crores in integrated housing projects with modern facilities.

*Shriram Developers also has residential projects in Bangalore.
Bangalore is considered as the best place to buy property as per the current trend.