Monday, November 30, 2015

Why Is Bangalore The Top Destination For Real Estate Development In India?

Anyone living in Bangalore will always talk about how amazing the city is. And it is no secret that it is a highly favored real estate market as well. So what is it that makes Bangalore click so? Let’s take a look at some of the reasons that people love to put their money in Bangalore real estate.

  • Work Opportunities
Bangalore is the IT hub of India. But moreover, it is the most favored location for companies to set up their head offices whether Indian or international. Bangalore has also seen a spike in the number of new age start-ups that have found their footing in the booming Bangalore market. Many young cosmopolitans are opting to relocate to Bangalore due to the varied job opportunities it offers.

  • Favorable Climate
Bangalore is one of the best cities in India, climate-wise. With cold winters, sunny summers and beautiful monsoons, the climate here is pleasant all year round. After the sweltering heat of Mumbai and the extreme climate fluctuations of Delhi, the weather in Bangalore comes as a welcome change.

  • Social Infrastructure
Bangalore boasts of a high standard of living. Social and professional lives have equal importance and the people of Bangalore are very fond of their recreational activity options. It is an extremely contemporary city and caters to people from all walks of life. So whether one wants to spend the weekend shopping till they empty their pockets or by soaking in some art and cultural entertainment, Bangalore has it all. With plenty of shopping malls, multiplexes, art galleries, performance art theatres and innumerable restaurants and eateries, every social need is fulfilled in this beautiful city.

  • Varied Real Estate
Bangalore is not short of options when it comes to real estate. Whether you are looking for a luxury villa, a penthouse, a studio apartment or just a midsized 2 BHK flat, the variety in Bangalore real estate has something for everyone. With multiple construction companies in the city, innumerable projects sprout up every few months across price segments and cater to the needs of the diverse population of Bangalore.

  • Civic Infrastructure
Bangalore has very well developed civic infrastructure to make the lives of every citizen much easier. With excellent roads, flyovers, metro lines and top notch public transport services, connectivity and accessibility are never a problem in the city. You can get from point A to point B without any hassles and worries. Along with this there is ample water and power supply that satisfies the need of the population.

  • Steady Appreciation
Bangalore real estate has seen a steady growth in prices over the last couple of years. The return on investment is also high which makes it a favorable market for those wishing to purchase a home. And with the booming real estate market, the demand for properties in Bangalore is rising like never before which ensures the profitability of a purchase.

All in all, it seems like Bangalore deserves to be rank 1 when it comes to real estate. With all these favorable conditions packed together, it’s no wonder that so many people want to set up camp here.

This is a guest post by Naresh who is working with CommonFloor as content writer.

Thursday, November 26, 2015

Aamir, Shahrukh and others, just another piece of musical instruments in a song composed and conceived by Media

By: Sachin Gupta | Twitter

Media has done it again.
Media has composed a song again

A song titled ‘intolerance’. People only know the title of the song and not the lyrics. But the song is so well conceived and composed by media that everyone is humming it. Humming it without even knowing the lyrics. Media has organized a great orchestra and musical instruments to compose this song titled ‘intolerance’.

Media has done it again.
Media has composed a song again.

Orchestra party includes who’s who of big political parties, Bollywood stars, writers, scientists, scholars, and great public acting as the chorus on social media.

Media has done it again.
Media has composed a song again.

Everyone is humming the song titled ‘intolerance’. It’s a blockbuster. It’s topping the charts. It’s everywhere from drawing rooms to office canteens, from sports grounds to club houses, from institutes to recreational grounds. Everyone loves the tune. Everyone is dancing. It’s even being played in discos. Everyone is loving this new song titled ‘intolerance’.

Media has done it again.
Media has composed a new song again.

Media did not care to put the lyrics in front of everyone because had they done so, the song would not have become a massive hit. They just brought out the lyrics when song has become the frenzy of the nation. What a calculated master stroke by Media.

Media has done it again.
Media has composed a song again.

So, where are the lyrics (facts) of the song called ‘intolerant’? Here are the lyrics (facts). Picture attached*

Source: MHA (Ministry of Home Affairs)

In many other instances too, media has composed the songs without revealing the lyrics. And when song becomes a massive hit they secretly reveal the lyrics. But before that, round table debates are organized 24x7. The torch bearers of media instigate people to take up sides. One versus the other. Gang war happens on Twitter.

Aamir Khan and Shahrukh just happen to fall in the trap of media and became the part of orchestra and joined the song. When song is being continuously played day in and day out, how can any sensitive person keep out of it…no way. They also ended up becoming ‘flute’ and ‘drums’ in the song called “intolerance” conceived and composed by media. The song reached a crescendo status. Yes, that’s what media wanted. Blockbuster hit, anything less would have been a dampener.

24X7 TV channels are else would they survive? So called ‘5 stars’ journalists are the toast of the town, why wouldn’t they compose a song every now and then?

Non existential and irrelevant politicians such as Sangeet Som, Mani Shankar Aiyar, Adityanath, Azam Khan, Salman Kursheed, Arvind Kejriwal, and many others of the same tribe jump in the song and play their part. Mike and camera are put in front of them. One plays harmonium, one plays guitar, another one plays saxophone…..all of them do their bit by taking this side or that side based on their political affiliations.

And of course, people are humming it too on social media thereby acting as chorus.

Everyone is now involved and everyone is now humming the great song “intolerant” conceived and composed by media.

Media has done it again.
Media has composed a song again.

Monday, November 23, 2015

The rise of India’s commercial real estate market

While talks about the residential real estate sector have got people gripped, commercial property is not far behind. Thankfully, good days have returned for office real estate property in India, with lots of domestic and foreign companies looking for space and many businesses in expansion mode. Bangalore being the prime location for office spaces, many companies are purchasing apartments in Bannerghatta road Bangalore and converting them into office spaces.

  • Change in government

One of the most stabilizing factors is last year’s general election and that was one of the reasons behind the upswing of the real estate. It brought with it new confidence in the country’s economic development. Though, the country witnessed uncertain times in the first quarter of 2014, and market morale was low, sentiment improved gradually following the elections. Apart from buying apartments in Bannerghatta road Bangalore, the city of Mumbai, for example, witnessed 65 per cent appreciation in average deal sizes between the second quarter of 2014 and the second quarter of 2015.

The growth of the real estate sector can also be attributed to expanding businesses, especially due to India’s emergence as an attractive offshore destination. The government’s decision to introduce incentives to attract foreign investors plays a role. Also, the availability of a large pool of highly skilled technicians and engineers, customer-friendly banks and housing finance companies, the country’s favorable demographics, and increasing purchasing power. Increasing professionalism among real estate brokers is also cited as an advantage.

  • The big three cities

Major shares in the profit are gained from tier 1 cities such as Bengaluru, Mumbai, and New Delhi. These cities are technological, commercial, and political hubs respectively. According to a survey, these cities even outperformed global commercial property market when it comes to annual rental yields. The Indian office market has been maintaining a healthy traction in 2014 and has clocked office space transactions of 18 million square feet in the first six months of 2015.

It is a record year for Bengaluru, which is expected to transact office space to the tune of about 12 million square feet in 2015. The three cities have also endured the largest individual transactions in the sector, with big corporations and expansive start-ups such as Flipkart and Snapdeal picking up a lot of office space. Some of them are purchasing apartments in Bannerghatta road Bangalore and expanding them to set up their offices. And with the growth in office activity, other commercial spaces follows suit, particularly retail, as well as hospitality due to increasing demand for lodging in the trade hubs from business travelers.

  • REITs on their way

The Real Estate Investment Trusts (REITs) is expected to come up with a future boost. However, due to some legal barriers, the scope of taxation proceeds from such trusts remains unresolved. Foreign investors will be allowed to buy units. It will help reduce pressure and stress on the banking system to fund the real estate sector as REITs will enable the industry to propose fresh equity by attracting long-term finance from domestic and foreign investors. The Indian REIT sector is expected to give a further push to commercial real estate and is tipped to attract investments. So far, REITs worth a total of $20 billion in assets are mainly focusing on Grade A office space and parks, logistic space and warehouses, malls and shopping centers, hotels and other commercial space.

Today, the potential of the Indian real estate sector is enormous, but there needs to be a clear solution with regards to REIT taxation. Among other trends, there's been a steady growth of the commercial sector, which is favorable for organizations.

This is a guest post by Deepak Yewle

Monday, November 16, 2015

What are the kinds of properties that can and can not be transferred?

Author: Sachin Gupta | Find me on Twitter

The property transfer is a complicated process and therefore one must be thoroughly aware of the laws and practices. When we talk of property transfer here, it means, an immovable property that is already registered with one person. The person may choose to sell the property of transfer the property.

One should note that property transfer for an under construction property with the developer is a different and private process. The developer transfers the property from one buyer to another buyer on the request of first buyer. Normally, developers charge a fee for the transfer.

However, in this section, we are focusing our energies on property transfer for a property that has been completed and is registered with the registrar department. This property transfer between any two parties is governed by the “Transfer of Property” Act, 1882. Both of these parties need to be alive to carry out this kind of property transfer. In case, one person is not alive, then, succession laws as per the religion of the dead person are applied for the transfer of property.

So, what kind of properties can be transferred and what kind of properties that cannot be transferred? Find below in the detailed document:

Have any Questions?

Monday, November 9, 2015

Want to Buy Real Estate? Consider the Top Real Estate Companies in Delhi NCR

Whether you are willing to buy a residential or commercial property in Delhi NCR, you need to be very cautious. Some real estate companies in Delhi NCR are developing projects, both commercial and residential, owing to the rising demand for ownership as well as rental properties. But remember, investing in real estate means you’ll be putting a huge portion of your hard earned money into it, so you need to consider some factors before finalizing the property you want to buy.

You should buy properties that enhance your quality of living along with fulfilling your home-ownership dreams. To make sure that you invest your money in the right property, here are some factors that you need to consider:

1. Find a Registered Real Estate Developer

This is the most important factor while choosing a real estate property in Delhi NCR. There are many instances where buyers have invested in real estate properties that have never materialized. Many people who invested in properties almost five years back still did not get possession of their properties.
So if you want to invest safely, you should always look for registered real estate developers who work according to a certain code of conduct.

2. Work with Reputed Builders

This is another important aspect when looking for top real estate companies in Delhi NCR. Always carry out background checks of the real estate developer you are willing to work with. Refrain from working with developers who have been involved in various legal issues.

3. Location

Location of a property, whether commercial or residential, is very important. If you are willing to buy 3 BHK spacious apartments Gurgaon, make sure it is located close to hospitals, schools and work area. If you are willing to buy commercial property, make sure it is located close to the city center and the main transportation points.

4. Check the Exact Carpet Area, Amenities and Facilities Offered

Most of the real estate developers would quote prices based on the total area of an apartment, but you should insist on paying the price depending upon the exact carpet area. Apart from the carpet area, you should consider the amenities and facilities offered. Check whether there are 24hour water and electric supply, ample parking space, generator backup, etc.

5. Registration Fees

Apart from the actual price of the property, you will also have to pay registration fees, which depends on the value of the property. So, the registration fee for a 3 BHK spacious apartment Gurgaon will be more than that of a 2 BHK apartment.

A Final Thought

Buying property is one of the biggest investments in one’s life, so you should be extra cautious so that you don’t get conned. Always work with top real estate companies in Delhi NCR who are registered with some real estate organization or the government. The right decision will bring back a lot of benefits while a small mistake can make you repent for the entire lifetime.

Summary: Buying a property is one of the biggest decisions that you make in your lifetime, so to get the best deal it is necessary that you work with the top real estate companies in Delhi NCR and invest in the right kind of property.

This is a guest post by Amelia Hill

Monday, November 2, 2015

Union Minister For Urban Development M Venkaiah Naidu launches India’s First Real Estate and Property Business TV channel - Magicbricks NOW

Union Minister For Urban Development M Venkaiah Naidu launches

India’s First Real Estate and Property Business TV channel - Magicbricks NOW


  • ‘Magicbricks NOW will provide an unbiased, trustworthy and authoritative perspective on the property business and will help its viewers ‘Be Un-Confused’ about this important sector’

New Delhi 28 Oct 2015: The growing Indian Real Estate and Infrastructure sector received a significant addition when Honorable Union Minister of Urban Development, Housing and Urban Poverty Alleviation and Parliamentary Affairs, Mr M Venkaiah Naidu, introduced India’s first Real Estate and Property Business TV Channel, Magicbricks NOW, today.

Unveiling the channel name, Mr Naidu told media persons, “I am delighted to be here today on this auspicious  day. Times NOW from the Times Network is the most credible, premium news channel in the country, and when I came to know that this network is launching a news channel to create a platform for the real estate and housing sector, I felt really happy. Because it is going to partner with me in our plans to provide housing for everyone by 2022.

“So I am very happy that a dedicated channel called Magicbricks NOW is launching for the sector. My congratulations. I hope Magicbricks NOW will do the required magic for the sector; and bricks are always required to construct houses, and housing is the most important aspect of anybody’s life, Mr Naidu said, adding  “I suggest that news and views should not be combined for the channel and that should be the noble beauty of the new channel.”

M K Anand, MD & CEO – Times Network, said, “We are delighted to offer India its first 24x7 real estate and property business television channel, Magicbricks NOW,  and are extremely happy that it has been launched at the hands of the Honourable Mr Naidu today.  Magicbricks NOW has been launched to guide the consumer through the complex and seemingly intimidating world of real-estate transactions.  While real estate is of paramount importance in the life of every Indian, equally, the space is full of complexities, jargon and confusion.  Magicbricks NOW will provide unbiased, trustworthy and the most authoritative perspectives on the property business to help the consumer ‘Be un-confused’,” Anand said.

“We are confident Magicbricks NOW will enjoy wide reach – not only because it is a genre pioneer that covers the extremely important property business, but also because it will leverage the proven strengths of our network distribution and marketing,” Anand said, adding, “It is befitting that India’s first real estate and property business TV channel has been launched by the Nation’s biggest media conglomerate, The Times Group, which has always had a deep and abiding emotional connect with middle class Indians, Magicbricks NOW will cement this relationship further.”

Magicbricks NOW has strategically partnered with Magicbricks.Com, India's No 1 Property portal for property buyers and sellers. Apart from them - Lotus Greens Developers Private Ltd and Mantri Developers Pvt.Ltd, leading developers of the country on board as key sponsors. Their association with us from Day One is testimony to their belief in our vision for Magicbricks NOW.

Faye D’Souza Editor – Magicbricks NOW, said, “Magicbricks NOW is here with a singular focus – on the end consumer. Magicbricks NOW will offer a rich array of programs that range from News bulletins to property hotlines, debates, leadership insights and more. These will not just keep the end consumer informed, but will serve as a common meeting ground for knowledge-driven individual buyers, sellers and businesses looking seriously at the world of property and real estate.”

Marquee channel programming includes The Property Guide, The Home Buyer’s Guide, Property Hotline, The Interiors Show, The Vastu show, Real Estate Tycoons and, of course, The News, every hour on the hour.

Speaking about the association with Times Network to create the new channel, Sudhir Pai,, said, “Magicbricks is delighted to be a part of this initiative with the Times Network. Our endeavor has always been to make our brand ubiquitous across media so as to provide consumers with rich and in-depth information when it comes to matters of property. With this association we leverage the visual appeal of television to communicate our rich data and analytics in an easy-to-consume manner for the consumer. With this launch, we strengthen the offering and make ourselves available at every touch point to consumers."

Target audience: The 24/7 channel will target NCCS A and B viewers in the 25-37 and 38-50 years age groups. In viewer profile terms, it will target both, consumers who are looking to buy, sell or rent real estate, and businesses and service providers like brokers, builders, interior decorators, paint companies and others.

Distribution: Magicbricks NOW will be distributed extensively across DTH and Cable, and is already present on all platforms that carry the channels of Times Network.

This is a press release by Times Group.

Monday, October 26, 2015

Vaastu tips to place decorative items in home

Buying a new house is considered a monumental job in today's world. When we buy our dream home we start decorating it to make it reflect our liking and personality. While most of us follow Vaastu Shastra to design and build our house, we don’t take much care of internal arrangements and using decorative accents inside the house. Following vaastu tips in our home is believed to offer prosperity, wealth, health and happiness. Vaastu Shastra tells that placing things at right position and arranging the internal things according to Vaastu will help in creating a peaceful and happy atmosphere at home. Here are few tips to make internal arrangements inside your house.

Always have storage or console in the south and west wall and do not have storage in the eastern and northern wall. If you have heavy furnishing and other heavy items in the southern and western side of the house, Place TV and electronic items in the eastern and northern wall. Crystal decorative accents should be placed in north or east side. If the decorative items at house are heavy weighted then one should place them in the south and western walls.

Here are few tips to design your home with respect to different directions of home.

  • North-east corner:
North-east corners are always considered as a place of wealth and prosperity. Do not place any heavy statues, heavy decorative objects, and holy shrines in this corner. Also when you are constructing your house, do not have any overhead water tank or septic tank in this corner. Do not dump many things in this corner. It is very important to keep north-east corner of a house clean and tidy to have wealth and prosperity in house.
  • South-west corner:
This is the best place to store valuable things, documents, cash, and jewels. You can place cupboard in this corner as it is considered a corner of wealth. Place the cupboard in this corner facing east or north. You should open the cupboards towards north.
  • South-east corner:
If you wish to bring good luck and wealth to your house, then you can place money plants in purple pots in this corner.

Having discussed about importance of different corners of the house, let us take a look on where to place certain decorative items at home according to Vaasthu Shastra.

  • Never place the statue of lord Ganesha in the north-east corner of the house
  • To attract wealth to your house, you can keep active fishes in clean and ventilated aquariums
  • Always keep the entryway of your house clean and free from clutter
  • You can place mirror in cash drawers or incorporate mirror into the design of your cupboard and cash drawer to multiply wealth
  • Place painting depicting natural scenes, waterfalls, gardens and flowers in home
  • You can place flowering plants inside your house and avoid placing cactus and thorny plants inside your home

Following Vaasthu Shastra while constructing you home is always vital as it is believed to bring wealth, peace, prosperity and health to your home. Apart from building your home according to Vaasthu, placing certain decorative objects in proper place and directions will bring all good luck to your home and creates a harmonious balance.

This is a guest post by Pratheepa who writes for – the online portal that meets the requirement of sellers, buyers and real estate professionals in the real estate space of the country.

Monday, October 19, 2015

The two options for the soon-to-be landlord

Around the globe there are just two options for everyone looking for the ideal tenant match for their house: One is easy but expensive and another is comparatively difficult but cost effective and fully autonomous.The easy but expensive one is where you appoint a property management service to find and then manage the tenant and rent respectively in return of which they charge an amount. The second and only one left now is where you do all the hard work in finding a tenant and manage them in your space. While the level of guarantee as to the right tenant is less in either case but the moment you take things in your control, things become a hell lot easier both on your pocket and also provide peace of mind.

The takers for both these options are many but let us look at both the options for the first clueless timers’ sake.

For those comfortable with property management service

The choice to go for property management services is not bad, it not only saves time and effort in finding the ideal tenant but also do a clear background check to ensure that the tenants are genuine. If you are planning to opt for this mode, there are just two things for you to consider: where to find the right service provider and being comfortable with the expenses that you will have to incur.

  • Where to find the right property management service provider?
Depending on where your property is, you can either go for the traditional word of mouth medium or use reliable real estate portals available on the internet. The latter is much easier for all you have to do is put in your location and search, for example, if your property is in Bangalore, just put in ‘property dealers in Bangalore’ and you will get a number of results on time.

  • Be comfortable with the expenses
In order to be comfortable with the expense, you will first need to get an idea of the exact amount. Confirm and research the going service rate in the market and also ask your provider if the cost of managing the property is recurring or one time. Doing this will prepare you for the coming expenses.


For the 'do it yourself' counterparts

Doing all the tasks on your own definitely makes you a Brave-heart. Although it may look impossible, but it takes less time to get it

  • Advertise your house
Begin online. For nominal fees and sometimes even free, you can now advertise your property on renowned websites. Like the last Bangalore example, what you can do is post a ‘Flat for rent in Bangalore’ ad that will eventually take the prospects to the hyperlinked image. For those who want a more advanced result for less money, they should try YouTube or Vine. Upload a simulated tour of the property, then share the links on different classified websites such as Craigslist, also add them in your various social media platforms. After listing your property, do not forget to put in the necessary "For Rent" signage in front yard.

  • Tidy it up
Strangely, some landlords do not even bother to tidy up their houses and apartments before putting it up for rent. Normally, the nicer and cleaner your house is at times when the prospect comes,the nicer it looks when they both stay and leave.

  • Repair structural shortcomings
Replacing the busted appliances, chucking out left-behind scrap, pests and termites spray and by simply adding new paint coat will take you far in attracting the ideal renter. Also the probability of getting a higher charge increases, big time.

  • A ready rental policy
Have a document that clearly specifies the various lease’s TnCs, such as if pets are allowed, if you need security deposit and/or expect the tenants to bear their renters insurance. Make sure you have it ready even before you start shortlisting tenants.

We all know how difficult it can be to find the right tenant for your property. There is no right or wrong option here, everything depends on the efforts you can take and the money you have. Now that you know what it takes to go in either of them, make a sound decision.

This is a guest post by Tripti Rai. She writes about real estate sector, she keeps her readers informed about latest developments in real time through her writing.

Monday, October 12, 2015

Tips To Make Your House Look Spacious

Some things cannot be easily changed, one of them being your home, of course most of us do not have the luxury of changing residences periodically at the whims and fancy of our bored existence, but there are quite a few interesting ways, you can employ to give your home a complete makeover in surprisingly low budget…

Let us have detailed look at some of the pointers, which you can use for the purpose:

  • The clutter has to go – 

The first and foremost step in this regard is to clear out all the mess and clutter which takes up most of the extra space in your house. There is in fact a very logically approach to this activity. It is said that if you have not used an item in your home for over six months, then in all probability, you’ll never use it in your life (excluding winter wears). Hence, take a good look around and identify such items…the kitchen is a good place to start…keep your OLX app handy…The next important area to de-clutter is the entry hallway of your house. If you enter into a clean and open area every day, you will automatically feel that your house is more spacious.

  • Make do without too many fancy items – 

This is another thing, which needs to be carefully edited. Get rid of all those fancy items, which are not really necessary for your house either by gifting, selling or by just by throwing away. You will be surprised at how much space opens up after you are done gifting!

  • Redesign your furniture – 

Another great step towards making space in your house is to change the shape and size of your furniture. For instance, you can replace your shoe rack with a hanging shoe organizer, which will not only save a lot of floor space, but will also keep your house cleaner. Another example can be that of a shelving unit, which can be built into a wall or the back of a door.

  • Repaint your walls – 

Another trick, which can be used to make your house look bigger, is to lighten the shade of color of the walls of your house. The lighter the color of the walls, the bigger the house would look. Dark paints make rooms look cozy and comfortable, but they also make them look smaller and cramped.

  • Decorate the ceiling – 

This is one of the most frequently used tricks to increase the height of the house. If the ceiling of your house is painted or has wallpaper, your house will automatically get more height. So if the height of your house is your main concern, consider this option to be a perfect solution for your problem.

  • Re-arrange the furniture – 

Avoid putting the furniture close to the walls, as it makes the place to look cramped and closed. Pull the furniture away from the walls and you will automatically add more space in your house. You can also build your own vertical shelves and make it more fun!

  • More vertical furniture – 

Instead of expanding your furniture horizontally, try to expand it vertically. Bunk beds are a good option instead of double beds in your children’s bedroom.

  • Stripes go a long way – 

Try to put out rugs and wallpapers, which have stripes on them. This will give you an illusion of more width and height. Hence your house will appear far bigger than it actually is. Arrange the stripes in the direction of the longest length of the room for best results.

  • Mirrors, more mirrors – 

As you must have seen in many shops, there are many strategically placed mirrors, which create an illusion that the shop is bigger and more spacious. You can use the same concept for your house as well. Place mirrors in the entryway and room entries to double the width of the room by a large margin.

  • No overhead stuff – 

The more things you will hang from the ceiling, the more cluttered that room will look. Avoid hanging lights and decorative items in your house if it is already very cramped up. Instead of hanging a light bulb, try to put on a decorative lampshade instead!

  • Uncover the windows – 

Remove those bulky curtains from your windows and bless your house with some sunlight. Leaving the windows uncovered automatically makes the room to look bigger and brighter. It would also have the right energy and create a positive vibe; if the windows are left open and off-course some cool breeze would be good too.

  • Remove some doors – 

If this is feasible to you, you can try this unconventional method to literally open up some space. You can remove some doors, which connect rooms together and leave those particular areas open. This will not only increase the size of your house, but would lead to good ventilation too.

  • Color code – 

To make things appear more organized and cleaner, one should try to keep them in accordance with their color tones. If you keep all the colors together in one place, separated by even and thin margins, your room will open up by ten folds and also it is a visual treat!

  • Large scale flooring – 

The floor pattern, which you choose for your house must have large blocks. The larger the pattern, the more spacious your house will look. Also, try to arrange the floor tiles in a diagonal fashion to give the illusion of more space. Tiling is a crucial and costly step, so try to do this in the beginning itself.

So now that you are well equipped with these easy tricks on how to create more space in your house and make it look bigger, what are you waiting for? Choose your top 5 and start with them right away! These tricks are so simple and cost effective that you will be really happy after you are done revamping your house.After all a bigger place is so much better to live in!

This is a guest post by Anasua Mitra, Associate  Manager - Marketing, Wienerberger India Private Limited

Monday, October 5, 2015

India’s economic growth to improve despite unfavorable global winds

With the fluctuations in the economy of India, investors are playing it safe and choosing to invest carefully. According to the finance minister of India, Arun Jaitley, due to the continuing reforms, India’s financial growth will skyrocket higher than last year 7.3 percent despite global challenges. Since years now, India has always been in the spotlight for its economic growth and its impact on the real estate segment. Researchers claim that among the different metropolitan cities and residential areas of India, the apartments and villas in Devanahalli, Bangalore, have witnessed significant demand by potential buyers and real estate investors.
  • Changes in Indian economic scenario
As the nation has the potential to be the bright spot in the gloomy world economic scenario, foreign investors are lured with the relaxed and hassle-free conditions of doing business in India. The private sector investments have been slow, and a high cost of capital was also affecting several other factors. Local companies, which were working with some constraints in the wake of global demand slowdown and a plethora of capabilities, were capable of overcoming those challenges. Today the financial situation in the country is no longer acute as it used to be earlier. The fiscal deficit is dropping down while the inflation is under control. A keen understanding of competitive federalism is driving the Indian growth story as the states are all aggressively seeking investment. The ease of doing business is still said to be work in progress. Significant advancement has been witnessed, and a lot of improvements need to be done on a continuous basis. The cost of capital is high and its impact on infrastructure, real estate sector, and manufacturing, which is an essential engine of growth in India, is currently felt.
  • Attracting foreign investors to invest in India
On seeing India’s growth story, international investors with a collective asset under management of $10 trillion have been advised to invest in infrastructure, manufacturing, and other sectors that have funding needs. It is considered that international investment is going to be an exceptional source of resource for India as the government is working on a slew of reforms. It includes a new law to ensure disputes are settled through arbitration within six months.
  • How real estate in India is affected by the dynamic nature of India economy
In India, housing plays a critical factor from affordable accommodations to infrastructure and generation of employment. The residential segment comprising of building, townships, colleges, hospitals, and other projects make the maximum contribution in real estate industry and commands a large part of its market share. The overall health of the economy plays a key factor that directly affects the value of real estate. The GDP, manufacturing activity, prices of goods, employment data and few other indicators measure the health of the economy. The size and scale of the property market make it an attractive and lucrative avenue for investors. Due to the low capital requirements, low transaction costs, and high liquidity available in the market, the average investor prefers to invest indirectly in real estate. It has been observed that the south Indian cities have become a hotspot for real estate investment. Be it for residential purposes or as second home, cities such as Hyderabad, Chennai, and Bangalore are often chosen by potential investors. Buying apartments and villas in Devanahalli or Bannerghatta is more than just luxury.
With foreign investors organizing investment summits in their states and finding a resolution of long-pending tax disputes, the nation is well on its way to overcoming economic hiccups and finding financial stability.
This is a guest post by Surendra Hiranandani, Founder and Managing Director, House of Hiranandani

Monday, September 28, 2015

Mistakes to avoid when you rent out your apartment

A real estate report that was released recently highlighted the facts why Bangalore is considered as the most preferred city to stay in the country and also to invest in properties. While the real estate and property markets are down in cities such as Mumbai and Delhi, the report suggested that Bangalore has now a high rate of residential properties and the rate of rented apartments is going up with every quarter. Bangalore has a typical mobile population wherein people, young adults to be precise, come to the city to study and work on a temporary basis. This has resulted in the increasing numbers of rental accommodations like houses, flats and paying guests in Bangalore.

There are certain dos and don’ts that tenants need to keep in mind while finding a rent house in Bangalore so that the deal is profitable and stay is comfortable. However, as an owner also, one must keep in mind certain factors to avoid making mistakes., India’s first broker free housing portal lists down the common mistakes that one can avoid as an owner of rented properties.

The first basic mistake that a landlord might make is deciding on a proper rental amount to charge. Apart from the basic rental charge, there are many additional charges that as a landlord, one might need to pay. These may include maintenance bills, water bills, etc. If the tenant has to pay these separately, you may keep them out of the rental charges. Else, make a list of the utility items that you need to pay and make it part of the entire rental charges for the tenant.

Make sure to conduct a background check on your possible tenants before you allow them to stay in your house. It eliminates the possible chances of inviting uncalled troubles if the tenant turns out to be someone charged with legal cases or similar other situations. It also helps you stay clear of the legal issues as a landlord. You can call up their workplace or any reference number to get a background check about the person or the family and then decide accordingly. If required, do not hesitate to check on your tenant after renting out the house also. Regular screening of the property and the house and a proper credit check of the tenant is important.

One basic rule of being a landlord is to be familiarized with the various legalities involving the laws of real estate sector and what it means when renting a house. Get yourself familiarized with the various aspects of the laws regarding renting out apartments to the tenants. You can consult a legal adviser specialized in this sector. Be sure about the policies involving security deposits, maintenance costs, and payment of rent on a mutually agreed upon day, parking and other community charges if any.

While preparing the lease document, make sure to include all the clauses pertaining to maintenance of the house, items provided by the owner, payment of rent on a particular day of the month, extra payment for the utility items, etc. Get the lease documents verified by your legal adviser, read it carefully and share it with your tenant. If your tenant suggests changes, get it verified by the adviser, come to a mutual agreements and then sign the paper, after you have read it carefully (again!).

Before renting out the apartment, make sure to have discussion regarding the revision and raising of rent amount annually. Discuss the percentage of raise and other associated charges properly to avoid ambiguity at a later stage.

Lastly, maintain a cordial relationship with your tenant. It will help in having the same tenant year after year and will develop the trust. Ensure that you are there to help them if they need you and offer to fix any damage in the house immediately that has not been caused by them.

This is a guest post by Shanaya Mehta

Monday, September 21, 2015

Office space on golf course road Gurgaon

Gurgaon has become the epicenter of commercial office space leasing in Delhi NCR region. For large established companies as well as for start-ups, Gurgaon is the preferred choice when it comes to renting the office space. Many factors including the presence of quality infrastructure (national highways), close proximity to airport, and presence of quality housing make Gurgaon the hot commercial destination.

Within Gurgaon, Golf course road has become the most sought after location for many large and start-up enterprises. Golf course road is well connected to NH-8 and Delhi via MG Road. With the completion of rapid metro, gold course road will further enhance its value as one of the most premium office address in entire Delhi NCR region.

Companies looking to lease office space on Golf course road in Gurgaon can choose from the following 2 options:

  1. Lease required office space area and then set it up including the fit-outs, furniture, lighting, ducting, HVAC. Thereafter, maintain and manage the office space facility.
  2. Lease office space area and start working from day 1. No fit-outs required; no electricity bill; no internet bill; no water charges; and no maintenance charges. Thereby, a company can save upfront capital expenditures which can run into crores of rupees.

Find below the detailed document highlighting the benefits of office space defined in option 2. At the same time, one can inquire about the availability of such a office space on Golf course road in Gurgaon.

Monday, September 14, 2015

What is Employer Assisted Housing (EAH) benefits plan? How does it help employers?

What is an Employer Assisted Housing (EAH) Plan?

In today’s time when “war for talent” is getting fiercer by the day, employee retention has become the buzz word among various HR leaders across different industry sectors. Rising attrition rates and high turnover costs creates a negative impact on companies’ bottom-line. In such a scenario, Employee benefits plans play a critical role in employee retention.

One such employee retention tool that is gaining popularity worldwide is Employer Assisted Housing (EAH). Research across the world has shown that Employer Assisted Housing (EAH) helps in overcoming the challenges of rising attrition rate and high turnover costs. EAH Plans are gaining in popularity worldwide because they make an employer stand out from the crowd, enhance recruitment efforts, reduce turnover costs, improve employee loyalty towards the employer, and can have a positive impact on the bottom-line.

Typical functions within an HR department of a company and need for focus on benefits program:

Organizational & employee development, business leadership, consulting, compensation are the priority issues in an organization. However, at the same time employee benefits program with regards to employee relocation, work life balance, family issues, and expatriate management are gaining importance in most successful companies worldwide. And fulfilling housing requirements of employees goes a long way in handling these issues.

Losing key employees to completion can be disastrous for a company. With an EAH service, employers can realize a financial gain for their company by retaining valuable employees. At the same time, employers help their employees achieve the dream of home-ownership. EAH services are simple to administer, and can help an employer recruit and retain valuable employees, thus creating a positive impact on the company’s bottom-line.

Why Employer Assisted Housing (EAH), what are the benefits?

A. For Employers

  1. Recruitment – sets your company apart in attracting the best talent
  2. Retention – Motivates employees to stay
  3. Reduced time for commuting – employees can be encouraged to live closer to work place
  4. Relationships – stronger customer relationships with highly motivated employees
  5. Return – company’s financial statements can be strengthened
  6. Recognition – enhances company’s reputation as the employer to work for
  7. Reduced Cost of homes – employees gets homes at comparatively lower costs
  8. Revitalization – more disposable income of employees help revitalize the economy and neighborhoods 

B. For Employees

  1. Realization of dream of home-ownership
  2. Enhanced lifestyle associated with home-ownership, such as greater community, recreational, and school involvement and quality of life
  3. Less time spent in traffic
  4. Investment in a property with potential for appreciation
  5. Reduced cost of homes
  6. Security of availing home with predefined quality standards and on time delivery

How much does it actually cost to offer and administer an EAH service?

EAH creates a win/win/win situation among employees, employers, and the economy as a whole. A typical EAH service requires employers to identify the target segment of employees from the ranks of executive, middle management, entry level, and skilled workers. While there can be in-numerous benefits of EAH service as explained earlier, there are no direct costs to employers for arranging for an EAH service. However HR department need to collect all the relevant data such as targeted employees, size, budget, location preferences, etc.

Typical Employer Assisted Housing (EAH) Benefits that can be offered to employees:

Detailed Presentation:
For implementing Employer Assisted Housing Plans in your organization contact us at:
Phone: +91 9971889899, 9971884499

Monday, September 7, 2015

Top investments destination in Mumbai MMR- January - June 2015

Mumbai property prices are among the highest in the country.  Slow property sales and inflated pricing has led to buyers postponing their property buying decision considerably resulting in an inventory pile-up of 46 months. has analysed data across localities in Mumbai to arrive at the top localities favored by home buyers in the city. The data identifies the top investment destinations across the Mumbai region. In-depth analysis has been done for one locality from three different regions across the city, providing information on the various home buying influential criteria such as demand, budget preference, price trends and preferred residential property formats. A similar study has been done for other cities namely – Delhi NCR, Bangalore, Hyderabad and Chennai.

Attached and appended below are highlights of the study by specific to the Mumbai region:

  • During the first half of 2015 the government has initiated a number of infrastructure projects that will drive sales across Mumbai region like the Coastal Road Project from Nariman Point to Kandivali, clearance of Navi Mumbai Airport
  • The top investment destination across Mumbai include Panvel, Kalyan, Nalasopara, Kharghar, Mira Road, Dombivli, Kamothe, Ulwe and Sanpada
  • The Maharashtra Government plans to develop Mumbai as a gaming and animation industry hub – leading to job creation and investment opportunities thereby increasing the demand for residential and commercial units
  • An additional 200% FSI (Floor Space Index) for IT parks thereby reducing the rentals for commercial properties

Looking at one locality from three different regions across the city:


  1. 76% home buyers prefer investing in properties that are in under construction phase
  2. Budget preferences ranges between 0-30 lakhs for 71% of home buyers 
  3. The approval of elevated railway line from CST to Panvel with a 6 lane road will reduce the commute time. Thus, increasing demand in this locality


  • 1BHK compact housing unit is the preferred choice by 71% home buyers 
  • Statistics indicate rise in property price by  12% in the last 2 years
  • MMRDA has planned a 29km Kalyan Ring Road to connect Kalyan and its neighbouring localities. Thus, increasing demand in this locality


  • Budget preferences ranges between 0-30 lakhs for 91% of home buyers 
  • 1BHK compact housing unit is the preferred choice by 78% home buyers 
  • The area is well planned and developed by CIDCO and provides better infrastructure for its residents. Thus, increasing demand in this locality

Detailed analyses are in the info-graphic appended below.

Monday, August 31, 2015

Land Acquisition Bill - A Game Changer for Real Estate

On February 24, 2015, the government proposed new amendments to the Land Acquisition Bill that was passed in 2013. Since, then this bill has been a controversial topic in most of the Lok Sabha Parliament sessions. While the government is assuring the Lok Sabha that the changes will benefit the farmers and bring a revolution in the real estate industry, the opposition holds that the changes are anti-farmer. The present Indian government believes that due to significant national projects, infrastructure and defense certain changes in the Land Acquisition Bill are essential. However, the opposition says that the changes proposed by the government are difficult to make.

Real estate specialists believe that if these changes are passed it would bring a 360-degree shift in the industry. During the past five years, the investment of foreign companies in the Indian real estate industry has gone down tremendously. To keep money flowing into the real estate sector, the Indian government has proposed some big changes in the luxury real estate sector. These changes would benefit big landowners as well as small landowners.

Everyone today wants a luxurious home in India. Due to this, even small developers are looking at building beautiful and fully equipped luxurious homes in India. Earlier, foreign investors couldn’t invest into an Indian real estate project that was below 50,000 square meters. This number has now been changed to 20,000 square meters, which is beneficial for small land owners. Also, foreign investors, if invested in a developing project, weren’t allowed to withdraw or transfer their ownership stake to another interested investor. The investor had to wait for a minimum of three years after the completion of the project.

But the newly pushed reforms now give the foreign investors the liberty to transfer or take out their money from the project. However, this process would require the approval of the Indian government.

These changes are sure to attract more overseas investors to invest in Indian infrastructural housing projects. Apart from the bigger developers, these changes will benefit small developers too. The investment is sure to give smaller developers a much-needed backing to build more comforting and facilitated housing properties.

Due to these revised changes pushed by the current Indian government, the real estate market has a considerable improvement in foreign investments that will help developers to build great projects in different states of India. Many developers have started mid-sized projects offering luxury apartments in Chennai, Bangalore, Hyderabad, Mumbai, Delhi and more.

Analysts say that the passage of this bill will have positive implications for the real estate sector of India. It will help to boost the realty economic growth, which in return will provide developers to create advanced modern and urban housing spaces with high-quality. The approval of the bill is still in a debate in the parliament, but sources have pointed that the government is planning to take back the amendments proposed. They may roll back all the six changes proposed in the Land Acquisition Bill. But these changes made for foreign investments have bought a drastic shift in the real estate industry. The reforms will help developers to build big and better luxurious homes, boosting the housing infrastructure and development in India. Buy your luxury apartment in Hyderabad, Chennai, Bangalore, Delhi or Mumbai today.

This is a guest post by Deepak Yewle

Monday, August 24, 2015

Why is Property market still in doldrums??

Why is real estate market still in doldrums?? Many say, it’s because of BJP Government. But is this good or bad?? Let’s find out.

As we all know, property market in India thrives on cash (or unreported income). As long as cash is being pumped into the realty market, it thrives and investors make merry. However, the Narendra Modi government's efforts to uncover black money have reduced the generation of black money in the system. The impact of this change will become more pronounced in the coming months.

"With the new Black Money Bill (which was passed by the Parliament on May 26) and with the Cabinet approving the Benami Transactions Bill in May this year, the crackdown on Black Money will continue further.

All these steps by the Narendra Modi government have impacted the realty market in short term; however, it's a step in right direction (if we look at the long term prospects).

For too many years, people avoided taxes and pumped that cash into realty market. Consequences of such theft (avoidance of tax) meant property prices were shooting (almost doubling in 2 years). People parked their unreported income into real estate. Some bought 8 flats, some bought 15 plots. It was crazy. Real estate became the best asset class to make money in short period of time.

However, working class (or salaried class) was suffering because of high values of real estate. They could not buy their dream home. Their dreams of owning a home was fading, slowly but surely. Congress party did nothing to stop this mad rush to own the real estate.

Even though, Black Money from abroad can take time (years) to come to India. But, we have GOOD news that generation of Black Money within the country may slow down (or stop) and Property prices can become affordable for the working class and their dreams of owning a home can become a reality.

Investors can cry and they will cry, but it’s a step in right direction by Modi government. Few (maybe 1 or 2 %) investors shall not be able to decide the fate of 90% of public.

Amen :)

Saturday, August 22, 2015

Mixed use properties on the rise in Kolkata

A ‘Mixed-use’ property or project is defined as any construction that combines residential, commercial, industrial and cultural units. These projects are steadily becoming the preferred option for real estate developers in Kolkata. The returns from mixed-use properties are much greater than properties which are just residential or commercial in nature.

  • Mixed-use properties are on the rise in Kolkata

Kolkata has seen its fair share of large commercial and residential projects over the years but the trend of mixed-use properties is growing. The most noticeable configuration of mixed-use properties in the city are shopping malls and residential complexes. These projects however require large plots of land for their construction.

Mixed-use properties provide many benefits for residents, businesses, investors and real estate developers. Home buyers prefer these properties as they are in close proximity to their work place, school or a shopping complex. This leads to less travelling time since many amenities are just a short distance away.

The residential segment in a mixed-use property provides a customer base for the commercial sections like a mall or shopping center, which makes it an attractive investment option for businesses.

  • Double delight for real estate developers

Mixed-use properties are also beneficial for real estate developers. The greatest benefit is that the development risk is divided between the options provided in the project. The presence of residential and commercial properties within the project attracts both sets of buyers. This leads to a faster recoup of the investment made by the developers.

Mixed-use properties can also be restructured, depending on the requirement from the developers. The reconfiguration can lead to an increase in the number of commercial units or residential units as required.

Mixed-use projects require large tracts of land for construction and the developing regions of the city are perfect for these properties. The development of these comparatively barren regions helps attract more buyers, because of the range of amenities provided. The availability of land for these projects also leads to better planning in the region.

  • The future of mixed-use properties

Earlier, these projects were rarely perceived as lucrative opportunities in the Kolkata real estate scene. However the success of a couple of early projects has altered this, making real estate developers eager to provide more mixed-use projects for the residents of Kolkata.

The options for varying configurations of mixed-use properties increases their scope, and the benefits for home and commercial owners make mixed-use properties a great option to invest in.

Summary: Construction and planning of mixed-use properties is on the rise in India. The projects cater to both residential and commercial property buyers since they provide a lot of benefits compared to stand alone complexes or office buildings.

Author Bio: One of the leading players in the real estate market, Ideal Group takes pride in its rich portfolio of world-class ongoing and upcoming residential projects in Kolkata. 

Wednesday, July 29, 2015

Bathroom Makeovers in India

When it comes to bathroom makeover most of the people see it as an expense rather than an investment. Indeed true that the business in bathroom is plain necessity, it brings in great joy to indulge in a hot tub bath for hours if the atmosphere is right. But making over a bathroom can do much more than that. After all who would like the ugly sight of dampened walls lashed with broken tiles or leaky taps that steals the unwanted attention.

Benefits of bathroom remodeling- 

Bathroom renovations bring in tremendous benefits when done with care and planning. Here are few benefits of bathroom remodeling which brings in both form and functionality-

  1. Bathroom renovation brings in the jest of luxury.
  2. It creates right ambience giving you the joy of indulgence.
  3. It shows off your taste for design and brings in personal touch.
  4. Renovation can also mean more comfort and functionality, which lacked earlier.
  5. When somebody enters the bathroom it gives the same feeling and equal pleasure as the rest of your home.
  6. It can bring in a lot more space with the help of either virtual arrangements or physical constructions.
  7. It can also make you more space for additional storage required for bathroom linen and towels hence decluttering other part of your house.
  8. It improves the cleanliness of the bathroom by getting rid of old rusty pipes or hardware that is lashed withbuildup, which is beyond the reach of acids or other cleaning agents.
  9. It also makes your bathroom green if you can opt for energy efficient bulbs and eco-friendly materials. This’ll save you on utility bills and also create healthy environment. 
  10. Gets rid of mildew or mold accumulated over years, which otherwise could lead you to sickness. This helps to improve your overall health, psychologically as well as physically. It brings in feel good factor and lifts your spirits. 
  11. Bathroom remodeling can increase the value of your property since the potential buyers look out for beautiful and functional bathroom while buying a house.  This gives your home immense boost adding to capital gain.

4 Handy tips to uplift your bathroom interiors by giving it a makeover under budget- 

1. Move it and get some floor space-

Huge vanity in bathroom looks stunning but can consume a lot of space. Vanities are a good option for big bathrooms with enough space for mobility.  However, the same good-looking vanity can become cumbersome in small bathrooms occupying most of the space. 

You can optimize floor space in small bathrooms by replacing vanity with modern sleek pedestal sink. This helps you save huge on your budget as well. Or the other way is to have floating vanity that still keeps the floor clear while retaining the look of sophistication. 

Petite wall mounted toilet is another way to add more room in your bathroom. Further if you want wet and dry area to be separate then a shower curtain should suffice. This not only makes it easy to keep it open when not in use but also fits in budget. Having a closed shower room can make your small bathroom too congested. 

2. Create storage space tactfully-

Storage in bathroom is so much more important than just having it done beautifully. You might not have all the space in the world to consider a closet inside the bathroom but having a few selves shouldn’t be so difficult. Sometimes it seems like it’s just not going to work and adding shelves would steal the look. However, with little planning and smart execution you solve the problem just-like-that.

Have a small mirror above the sink and install a shelf below it so that you can accommodate all your daily essentials. The space above your toilet is the most neglected area, utilize it and use it for storage with a chick cabinet or a couple of shelves. You can also squeeze in more storage space by mounting a shelf above the door or double the mirror so that you can hide away stuff behind it with a recessed cabinet or you could even have a full-length mirror that blends in with the style of your bathroom. 

3. Make it feel roomy –

Is your bath smaller and look like a cluttered cage? Here are few things you can do to make it feel bigger and better.

Go for a single tone when it comes to colour. The theory being that lighter is better, uniform color from ceiling to wall to floor makes it feel bigger. Contrast in color can chop off the space making it visually look smaller. Choose uniform colour for flooring, tiles on the wall, sink, bathtub, etc. But you can still play with colours by highlighting the hues of shelves or accessories. 

Make use of larger tiles on the floor as well as on the wall. The smaller the tiles the more the grout lines which tend to break the space and add bulkiness.  Get in some movement with pattern tiles on the floor such as herringbone pattern, which attracts the beholder to the width making it feel wider.

Bigger mirrors give it a more roomy feeling and also make your bathroom grander. You could also use mirrors or glass on top of wall cabinet to give it an illusion of depth rather than bringing it on the face with woody opaque cabinet doors.  Use clear shower curtains or clear glass to separate wet and dry area so that they don’t cut the space visually. 

4. The art and science of lighting your bathroom interiors-

Yes privacy is key in bathroom but don’t let your fear (of being seen in the state) creep in so much that you end up covering your window with dark or shady blinds. Let the light in by covering it with sheer curtains or frosted window glasses. Make use of mirrors to reflect the lights so that your bathroom makes the most from natural sunlight during the day.

When it comes to lighting your bathroom, you might want to use at least 2 types of lights- task lightand ambient light. Task lighting, like the one beside the vanity mirror or top of it helps to see yourself better. When you use the mirror to shave or for other purposes it gives a clearer reflection.You can add ambient light in the center of the bathroom required to illuminate the entire area.  Accent light and decorative light areluxurious options depending on the size of the bathroom, your bathroom d├ęcor as well as your budget. 


Smart design and styling can rock even the smallest of bathrooms all under budget. You can transform your bathroom into a space that grows visually and adhere to functionality with few tricks like the ones mentioned above. A newly done bathroom is just so much more than increasing resale value. It’s a place you want to be in, relax and bath in sophisticationwithout making you claustrophobic.

This is a guest post Contributed by Wienerberger India

Monday, July 20, 2015

Professional Real Estate Consultants (PREC) Vs Agents

Professional Real Estate Consultants (PREC) and agents play very different roles in the real estate market, even though their roles and responsibilities are similar to each other and overlaps at times. A professional real estate consultant usually handles the clients with utmost care and advises the client’s requirements on their investment activities, educate them and help them to grow their money by connecting them to the right people by advising financials, abiding government procedures and the real estate laws. Whereas the normal agent also plays a role on suggesting the properties, showing them different options and helping them throughout the property transactions.

The major difference you could find between PREC and Agent is that, PREC is a well-educated, self-mannered and more disciplined in his approach and about the market; also handles the queries and advises in a professional way and resolves all the queries effectively, whereas you cannot find these kind of qualities in normal agent or realtor and there are very few people in whom you could find professional characteristics.

The agents moves forward along with the market, whereas the PREC takes his time, verifies, understands and have all the records with him before approaching the market. Once he catches the pace of market, he will lead the market on his own proven disciplines and principles, so this makes most of the builders, investors to get accredited by them and get their services. PREC will be studying and catching the pulse of the market much better than the realtors.

Consultancy Fees

Yet again the standard market fees for an agent or PREC are set as standard of 2% on the sale value. But PREC do charge more than 2% on fewer transactions that is because of their dedicated team; such as research, marketing and sales, who has expertise in their own streams, with their own code of conduct, disciplines. Real time consultancy companies like JLL, Knight Frank, Colliers, Cushman Wakefield, Square Yards, India Homes, Prop Tiger, and Property Connect, etc are few names which we can hear in the consulting industry as they have proven their PQRSTs services to the market and that is why they are way more different from any other agents and their charges would be a little higher compared to others.

This is a guest post by Property Connect

Friday, July 17, 2015

Developers offer discounts to encourage the purchase of dream homes

Buying a house can be a challenging decision for many. After all, it involves investing your hard-earned money. People get finicky when it comes to purchasing their dream home as they expect the best amenities and facilities that are worth their investment. There have been many cases where people go house hunting for apartments in Bannerghatta road and other such places in the south, but return disappointed because of the expensive property prices. Now, you no longer have to wait for the prices to drop. Your dream home can be well within your reach as real estate developers are offering lucrative discounts for apartments and flats for sale in Bannerghatta road.

  • The slowdown in the housing industry

Unlike earlier times, potential house buyers have plenty of choices available now. Builders and brokers are willing to negotiate better deals, which wasn’t an option some time back. Working professionals, especially those from the IT sector, are ready to purchase a second home and buy apartments on Bannerghatta Road, Bengaluru, because of the declining prices. There are a large number of people who are unable to purchase their dream homes because of the weak economy. But, simultaneously, there is also a significant section of the population who is grabbing the discounted offers introduced by real estate developers. With changing times, developers are now accepting requests from buyers and providing benefits. The price corrections have already taken place in the different sub-markets, depending on the supply and demand dynamics.

  • Rise of the buyer’s market

Builders need to keep the cash flow steady. For this reason, they are willing to provide discounts when they are close to finishing the inventory. They are enthusiastic to provide schemes rather than turning away a customer. The pre-launches are occurring at aggressive prices. Due to the rising debt, unsold inventory, and slow new home sales, builders are ready to negotiate with potential buyers. The end-user can bargain the best deals as the quoted prices remain stagnant. To make things better, the Reserve Bank of India has started offering home loans at low-interest rates. In fact, due to the recent RBI rate cuts, banks have been asked to reduce their base rate, which can substantially decrease the cost of home loans. Industry experts and financial advisers believe that now is the right time to buy flats for sale in Bannerghatta road, Bangalore.

  • Introduction of innovative offers and schemes

There are several real estate developers that are offering payment plans for possession. Such programs require individuals to pay 2 percent at the time of booking and take a loan for 80 percent. The EMI will be borne by the builder. After six months, the cost has to be paid, and the final 10 percent is due at the time of possession. Similar schemes with payment options ranging from 30-65-5 to 30-70 and 30-40-30 are designed to attract buyers. Be it cities such as Hyderabad and Chennai or apartments in Bannerghatta Road, Bangalore, developers are coming up with large projects. Real estate analysts believe that people expect an increase in disposable incomes once the economic indicators improve, and the interest rates reduce. As property prices continue to remain stagnant, this combination works as an excellent opportunity to potential home buyers and investors.

When it comes to luxurious properties, developers are ready to sit across the table and negotiate the payment scheme. So, you can choose to buy your dream home by purchasing apartments in Bannerghatta road, keeping in mind the current market conditions and flexible payment options.

This is a guest post by Deepak Yewle