In a span of 20 years Gurgaon has undergone a severe facelift in terms of infrastructure and economy that has made it one of the sought-after destinations for real estate investments. However, in spite of the rapid growth taking place, investors still feel apprehensive in putting their money into Gurgaon real estate properties. There are several confusions and contradictions that pave way for such apprehensions, especially in the minds of the NRI’s (Non Resident Indians). The factor that deters potential investors from investing in Gurgaon despite the accelerating growth in the region is primarily the recent global economic downturn. The recession had hit the world like an epidemic and many economies of the world are still not able to recover from its severe aftermath. The slump was felt globally that originated from the recession has also affected the property investment in Gurgaon. Therefore, it is a case of bare horse sense to recognize the opportunity and spot the best properties that can fetch a decent value addition in the near future. The sway of the recession has not fully died out and the real estate sector is yet to recover. This is the perfect time to invest in Gurgaon properties as the rates are at all time low. Besides, Gurgaon property is expected to recover at a faster pace and the investor who would have invested in the property on time would surely be reaping higher benefits later. The Indian real estate sector is going through changes that where new macro-economic and industry specific factors are constantly catalyzing new market equations. Moreover, market experts over the world predict an upward movement of the graph of the Indian real estate industry. Gurgaon would have a greater share of contribution to the growth of the real estate development of India. Several commercial as well as residential rental properties backed with important facilities such as power backup, wireless connectivity, housekeeping and other provisions. One does not need to worry about the initial expenditure for furnishing the property with basic amenities and utilities.

In a span of 20 years Gurgaon has undergone a severe facelift in terms of infrastructure and economy that has made it one of the sought-after destinations for real estate investments. However, in spite of the rapid growth taking place, investors still feel apprehensive in putting their money into Gurgaon real estate properties. There are several confusions and contradictions that pave way for such apprehensions, especially in the minds of the NRI’s (Non Resident Indians).

The factor that deters potential investors from investing in Gurgaon despite the accelerating growth in the region is primarily the recent global economic downturn. The recession had hit the world like an epidemic and many economies of the world are still not able to recover from its severe aftermath. The slump was felt globally that originated from the recession has also affected the property investment in Gurgaon. Therefore, it is a case of bare horse sense to recognize the opportunity and spot the best properties that can fetch a decent value addition in the near future.

The sway of the recession has not fully died out and the real estate sector is yet to recover. This is the perfect time to invest in Gurgaon properties as the rates are at all time low. Besides, Gurgaon property is expected to recover at a faster pace and the investor who would have invested in the property on time would surely be reaping higher benefits later.

The Indian real estate sector is going through changes that where new macro-economic and industry specific factors are constantly catalyzing new market equations. Moreover, market experts over the world predict an upward movement of the graph of the Indian real estate industry. Gurgaon would have a greater share of contribution to the growth of the real estate development of India.

Several commercial as well as residential rental properties backed with important facilities such as power backup, wireless connectivity, housekeeping and other provisions. One does not need to worry about the initial expenditure for furnishing the property with basic amenities and utilities.

To Let Gurgaon is a comprehensive guide to all your property rental needs in Gurgaon. It showcases a wide range of To-Let properties that you can take a look at and choose the best deal in a matter of a few minutes. . To know more about the company and its services, <a rel="nofollow" target="_blank" href="http//residential” target=”_blank”>www.toletgurgaon.com”>residential gurgaon property

Article Source:http://www.articlesbase.com/real-estate-articles/gurgaon-property-investments-a-wise-option-indeed-1781960.html

Thanks to improving economic sentiments and rising confidence of the corporate sector, the commercial property segment is in the recovery mode

Call it the domino effect – after residential property market got into a recovery mode, the nation’s commercial property segment has also started showing signs of revival, driven by a spurt in office space and retail sectors. Neeraj Bansal, associate director (advisory services) at KPMG, says, “Commercial real estate transactions, considered a key indicator of economic activity, are now showing some signs of movement in the real estate sector since the end of the 2nd quarter. The confidence and sentiment, relatively low in the first quarter of 2009, has improved after the formation of a new government, thereby contributing to the movement in the commercial sector.”

Among positive signs, lease rentals both in peripheral areas as well as the central business district (CBD), are showing early signs of settling down and ‘conversions’ have begun to happen. There has also been a rise in demand for less costly premises in the sub-markets and landlords have been forced to increase incentives to draw tenants in the past few months. But more than anything else, the revival this time is being witnessed largely in the office space and retail sectors.

A recent Cushman & Wakefield study says the demand for corporate office space in Q2 of 2009 (April-June) registered a growth in excess of 65% over the previous quarter to settle at 5.66 million sq ft. And, the increase in demand was due to factors like improving economic sentiments and rising confidence of the corporate sector. While Bangalore saw the highest demand of about 1.29 million sq ft, the other significant rise was noted in Mumbai where demand rose by 191%. NCR, on the other hand, saw a rise in demand by 43% over the last quarter.

During the slowdown period, companies with expansion plans had stayed on the sidelines anticipating bottoming out of the market. The lack of transactions was due to the general negative sentiment in the market, the cut on global-IT spend for companies and the delayed decision making process. During this period, companies adopted various strategies like renegotiation of contracts along with rationalization of their current space layout, resulting in higher efficiency.

“Q1 of 2009, however, witnessed a revival in demand with companies closing out deals due to good rates resulting from the broader market being close to bottom. Q2 of 2009 again maintained the absorption levels of Q1 of 2009, primarily due to companies getting corrected rates in various micro markets,” says Bansal.

The beginning of the third quarter has seen a further rise in demand for office space in the small-to-medium segments. Moreover, buildings that were launched in the last 18-20 months are now moving closer to their ‘completion stages’, which would again foster some movement in the commercial office space. “However, with the trend being for organizations demanding for office space more from a relocation and consolidation perspective in the 2nd quarter, the trend now seems to be changing to organizations going in for an expansion – deals happening for office spaces in the range of 15,000 sq ft to 50,000 sq ft are now shifting to the 50,000 sq ft plus category going to as large as 150,000 sq ft. This, in turn, would imply creation of job opportunities and subsequently demand for residential space,” says Bansal. Apart from office space, a lot of action is also being seen on the retail front, which is expected to contribute significantly to the revival of the nation’s commercial property segment. According to a report by Colliers International, office rentals dropped 10-40% between Q1 of 2008 and Q1 of 2009 in Mumbai, Delhi, Noida, Chennai and Bangalore as demand shrunk. This has renewed retail investors’ interest in commercial property once again.

A report by Images Retail estimates the number of operational malls to grow more than twofold, to cross 412, with 205 million sq ft by 2010, and a further 715 malls to be added by 2015, with major retail developments in Tier-II and Tier-III cities in India. A recent study jointly undertaken by KPMG and Assocham has also projected that about 315 hypermarkets are likely to come up in Tier-I and Tier-II cities by 2011.

Confirming such developments, Gaurav Marya, president, Franchise India Holdings Ltd, Asia’s leading integrated franchise solution company, says, “Mall developers across the country firmly believe in the retail story and are now looking at taking the mall culture to smaller cities to offer a perfect organized retail experience.” According to Marya, growth in the nation’s Rs 45,000-crore organized retail industry has revived by 10-15% in the first quarter of 2009-10 after slowing down to 5% in the fourth quarter of 2008-09. “Indian retail growth has revived on account of real estate corrections in major metros. Malls are, therefore, going to be required to feed the consumption, by way of convenience. And the mall story, thus, is here to stay,” he adds.

Another noteworthy development being that domestic property focused funds – which earlier targeted residential projects – are also looking at commercial properties now. For instance, Red Fort Capital Advisors Pvt Ltd has invested Rs 400 crore in three commercial properties in New Delhi and Mumbai and is looking for more. Similarly, high net worth individuals (HNIs) are putting money mainly into office and retail spaces. This is largely because during the economic crisis, commercial realty became the worst hit segment in the sector and lease rental and property rates fell by 30-40% in the metros and bigger cities. The lower prices, in turn, have triggered a path towards revival in recent months.

Courtesy:- ET 23-10-2009

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This festive season, the housing market has no baits like cars, gold coins or holiday packages for buyers, but builders are hopeful of good sales anyway, finds Syed Amir Ali Hashmi

It was raining festive offers this time last year. Cars, holiday packages and gold coins were the carrots offered to buyers for snapping up that flat or that Med-style villa. This year, the baits have disappeared. As the market gears up for Navratra and Diwali, traditionally an auspicious time for property purchase, builders are looking to score decent sales without giving away expensive `return gifts’. The reason: they feel the market is picking up and buyers will now come of their own accord. Real estate players have been hit hard by the slowdown — the six-month period of October 2008 to March 2009 was a real dampener. Many developers had to reassess the market and keep projects on hold. But now the sector is seeing what is known as cautious optimism. “The residential market is bouncing back,” says Manu Garg, MD of Landcraft Developers. “We’ve seen a very positive response for our project at Raj Nagar Extension, NH 58, and Ghaziabad. We believe that this festive season is going to be a good one for everyone. We plan to definitely offer something then, but the specifics will have to be worked out.”

Navin Raheja, chairman of Raheja Developers, looks at this period “as one of those rare moments in the life of people who want to buy property — at least in northern India”. The downturn has been “a long depressing period,” but something good has come out of it. “Everything is in place for the real estate sector,” says Raheja. “The prices have bottomed out, interest rates are low, and affordable housing is available.”

Any special offers for buyers? Raheja replies, “We are coming up with a new project called Raheja `Shilas,’ in Sector 109, Gurgaon, near the IGI airport and 2km from Dwarka Phase II. The costs come to Rs 2,775 per sq. ft. (But) with an inaugural discount of Rs 200 per sq. ft, the special festive price is Rs 2,575 per sq. ft. The project is a mix of towers and independent floors. We have 200 apartments in all. There are three towers of G+12 storeys and 20 blocks of independent G+2 floors. We are launching it on the first day of Navratra, a very auspicious period for Hindus.”

Strong sentiments

Developers feel that the market sentiments are good.  Reports, they say, indicate that the market is flush with buyers who want property at affordable prices — and what is needed right now are projects that suit their needs.

RK Mittal, chairman and managing director, CHD Developers, says, “We’ve already seen the building up of (a) lot of positive momentum in the run-up to the festive season. Our recently launched CHD Lifestyle project at Karnal, comprising over 150 independent floors, was sold out within six weeks. We plan to launch a similar project with a higher product offering in a very short time.”

Mittal continues, “The initial market response has been tremendous. The festive season looks highly promising.

“We also have another project, Sri Krishnalok at Vrindavan, Mathura, which comprises one- and two-bedroom flats.

“We’re about to announce a special festive promotion, through which customers can expect to benefit by Rs 51,000 to Rs 1 lakh, depending on the type of the flat and payment plan. Here, 1BHK on an 812 sq. ft built-up area is available for Rs 15.5 lakh and 2BHK on a 1,120 sq. ft built-up area for Rs 19.5 lakh.”

A few developers are, however, handing out goodies. RK Arora, chairman and managing director, Supertech Limited, says, “In this festive season, we’re coming up with some offers and schemes to help people buy their dream homes. For the Green Village Township in Meerut, we are organizing a lucky draw that will get the winner a 1BHK flat [in the township]. This offer is on till September 18.

“For other projects, such as 34 Pavilion & Emerald Court (Noida), Czar Suites (Greater Noida), Palm Greens (Meerut and Moradabad) and Livingston (Ghaziabad), we’re offering air-conditioners to customers — as many A-Cs as the number of rooms in their flat. It is a festival offer for a limited period, up to September 27.”

Courtesy:- HT Estates dt:- 19-09-09

Government is now planning to bring in a regulatory mechanism to make the housing sector grow better and lend a cutting edge to it. This regulation also aims at making the sector more efficient and transparent. ET Realty explores how this reform will affect the real estate sector all over

The central government is working on a model real estate regulation bill to provide guidelines to facilitate growth and promotion of healthy and transparent, efficient and competitive real estate sector in the country, said the housing and urban poverty alleviation minister Kumari Selja. This is a welcome move and will help the sector in becoming efficient and competitive. However, developers feel the government should form a separate regulator on the lines of Securities and Exchange Board of India (SEBI) to regulate the sector.

Addressing a conference on real estate, the minister said Indian real estate market is unorganized and fragmented and that most of property transactions are based on certain perceptions and not necessarily on sound business principles. In this, customer satisfaction is low and redressed procedure is long and cumbersome. This has created problems for both buyers and developers. As end users are not sure of delivery of a house by builders on time, they don’t want to risk a purchase by taking a loan from the bank.

Apart from this, many buyers are not even sure of the specifications, which developers promise while selling them the houses/flats. Worse still, when developers do not deliver on time or stick to the promised specifications while selling, buyers do not know where to for redressed. Going to a court is not only time consuming but also expensive.

This has forced buyers to either defer their purchase or to go for completed projects. But, this apprehension of end users has affected genuine developers as well, which have a plan and required finances to complete a project. However, in the last couple of months, end users have started showing interest in buying new projects. But, they want to buy in the projects of reputed developers alone. This has created problem for the new but good developers.

A senior developer says if the sector is well regulated, the role of brokers and investors can be reduced. In most of the cases, investors, who have better understanding of the sector and who can invest time and money to know about developers, invest at the early stage of implementation of a project and make easy money by selling them to end users at high prices when the project comes to a close? The end users, on the other hand, are comfortable in buying a house when projects are close to completion, hence making the sector over dependent on investors. Consequently, in the last one year of market downturn, the entire real estate sector came to a screeching halt as investors disappeared from the market. But, had the sector been well regulated, end users would have been bold enough to buy at the early stage of project implementation. This would have helped developers also.

However, another problem in regulating the sector is that it comes under the state subject as well. Thus, a senior official says nothing much can be done unless state governments show interest. Haryana Government has already passed an act to regulate the sector. But, the results are not encouraging, thus far. It was assured all the stakeholders that the government will accord full cooperation and support to encourage affordable housing.

She said the housing sector in India holds tremendous potential and has positive impact on the social and economic development of the country. In 2006-07 the sector was about 4.5% of country’s Gross Domestic Product and comprised approximately 7% of the total urban workforce. Housing is the largest component of the construction sector and central to economic growth. However, provision of affordable housing for all is a complex problem with challenges emerging from many facets of urban sector. The minister said there are many impediments to the growth of affordable housing land and capital being the two key constraints.

To increase the stock for affordable housing the focus has to be on augmenting land supplies. Kumari Selja said the issue is a critical one and requires a number of measures such as alternative methods of land assembly, development and disposal to be pursued, check on prices of urban land, encouraging public-private partnership, promoting intense use of land-higher densities, revision in Floor Area Ratio or Floor Space Index and change of norms to suit local situations, discouraging speculation in land development, and allotment or disposal process to check rising prices of land.

Courtesy:- ET Realty dt:- 18-09-2009

Buying a house is a big investment in real estate sector. As a buyer you should always find out all the information regarding the house prior to purchasing it so that you do not have any legal dispute in the future.

Before purchasing the house along with the home inspection you should also verify the house for all legal aspects. In real estate purchasing or selling is a very lengthy and detailed process and it has lots of legal formalities attached to it. As a buyer you should know the legal owner of the property who has the rights to sell or else you may face a title dispute in future from a third party. The title company in the real estate sector is hired for this job.

The title company’s primary duty is to carry out a research on the title of the property which is known as “title search”. They check all the public and real estate records regarding the house in a county, city or town and compile the information for you. All these information not only helps in finding the legal owner of the property but also finds out any legal dispute attached to the property in the past or if there are any limitations against the house. The title companies also give information on the unpaid taxes and liens on the property.

As a buyer it is beneficial for you to know about them before signing the agreement. This will avert you from getting into any title or legal dispute on the property in future and ensure your peace of mind. Many a times the price of the house looks tempting and even you make up your mind to finalize the deal but there are chances that the legal owner does not even want to sell the property and the person who has advertised the property does not even have legal right to sell the property. In such a case your newly purchased house can drag you to a title dispute in future.

Apart from title search many title companies also provide title insurance. Title insurance insures the financial aspect of the buyer or the mortgage lender against the loss due to the title defect or other legal matter. Under the title insurance the insurer is either reimbursed the money loss due to title defect or the case is defended by the title company against the court case. Most of the time the property attorney recommends the same insurer title policy to the home owner as that of the lender. But still according to the law as a homeowner you do have the right to select your own title insurer. Also any property including lease, life estate or easement can be title insured by the home owner as well as the lender to keep safe from any title dispute in future.

As a buyer it is always advisable to take the services of the title companies before the purchasing of the property. And as a home owner get the title of the house insured. This way you will save yourself from any major expense arising due to any legal dispute or title defect.

You will get a variety of options in real estate to choose from in Scottsdale Real Estate. If For purchasing commercial property see Commercial Properties in Scottsdale and for a striking new home see Desert Highlands Scottsdale Realty.

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