Monthly Archives: September 2014

Benefits of Residing in Luxury Apartments

Posted on September 30, 2014 by

Who doesn’t love living a luxurious life, but with the increasing crime rate, what one demands more than luxury is a safe living environment. Wouldn’t it be fantastic if you are offered both? Certainly yes! This is exactly what the upcoming residential projects in Gurgaon are offering. Living in a well-maintained and a well-designed residence is what people can enjoy in Gurgaon. Today more and more people are opting for luxury apartments in Gurgaon. Here are a few reasons for choosing luxury apartments.

Luxury-apartments

  • Safe environment: This is one of the most important factors that should be kept in mind before buying an apartment. The apartments for sale in Gurgaon are built carefully and utmost importance is paid to the safety of the residents. The companies that offer luxury apartments are very particular about the safety measures they provide. A guard at the entrance manages the security and makes sure that only the people living in the apartments, enter. Also, the guests are allowed to enter only after a proper verification. This keeps the environment safe and secure.
  • Serene view: Luxury apartments are built in spectacular locations and what is the fun of living in these apartments of you cannot enjoy the view. Keeping this in mind, terraces and balconies are built along with the apartments. The apartments range from one bedroom, two bedroom to studios and duplex residences.
  • Spacious: The rooms, kitchen and bathrooms of these apartments are large and provide immense comfort. Also, there is a good news for pet owners – along with providing ample of space, these apartments are also pet-friendly, this means that if you own a pet, you do not need to worry about anything.
  • Safety of vehicle: The houses for sale in Gurgaon, ensure your safety and at the same time also ensure the safety of your vehicles. A dedicated parking space and garage is provided to every resident. This ensures that your vehicle will remain safe even when the weather is bad and when there will be broken trees and branches. Moreover, since every resident has his individual large parking space, there is no question of one car accidentally bumping into another car.

The provision of all these facilities make luxury apartments ideal for a happy and luxurious living.

Why Conducting a Research Is Important before Buying Property in Gurgaon?

Posted on September 26, 2014 by

Today, the real estate in Gurgaon is growing at a tremendous speed due to the new residential projects. Gurgaon has a huge variety of residential options, which provides you an ample number of choices to buy or rent properties.

You can easily find 1 bhk, 2 bhk, 3 bhk and 4 bhk houses in Gurgaon, along with penthouse and luxury homes in Gurgaon. So, whether you are planning to buy your dream house, a second home or just willing to invest, buying a property in Gurgaon is a great experience, but at the same time a cautious job. Before buying a home, you might have decided your budget, but that’s not all. You need to research more before investing in any property in Gurgaon. Here’s a short checklist to make your work easy.

Steps to Help You Decide Before You Buy

  • Know the options: Once you have decided to invest in the property, check the options. As per your budget, choose the type of flat that might range from villas to 3 bhk flats in Gurgaon. This should depend upon your budget as well as the number of occupants.
  • Know the builder: Now when you know the type of flat you want, check different builders in your preferred area. Check the builder’s track record, about the property as in if all the legal formalities and necessary government approvals like license and permissions are sanctioned or not, make sure property is free from all types of claims and mortgages. Also, search about the financial stability of the builder and see the past projects.
  • Know the sole property proprietor: It is not necessary that you get the property from a builder; several dealers and sole proprietors are there who work as a middle man. Make sure you check about them as well before finalizing the deal.

Apart from the above mentioned points, ensure that it is safe to invest in the property; for example, no family dispute against the property, no third-party claim and no silent agreement should be associated with the property. Moreover, ensure that you deal only with a reliable dealer and each and every procedure moves a step forward only after your assurance. In order to buy a house without any problem, it is very important to go for a thorough research before purchasing the property.

Affordable Housing in Gurgaon – An Ideal Real Estate Choice

Posted on September 23, 2014 by

There is an immense requirement of affordable housing in cities and the Indian housing department has found a solution to this problem by adopting the concept of affordable housing in NCR regions like Gurgaon, Noida, Ghaziabad and Faridabad. Affordable housing in Gurgaon and Noida come in the form of huge number of residential projects, which are coming up in these cities. After a long phase of global recession, there are many low-priced projects coming up in various parts of the country.

Housing in Gurgaon

We are going to talk about Gurgaon in particular as the city is now sprawling with affordable properties. Gurgaon perhaps has the biggest real estate market in the Delhi/NCR region, as there are housing projects flooding the entire city. Affordable housing comes in the form of low-cost apartments in Gurgaon, builder floors and other such housing projects. Where houses are generally very expensive, such affordable options would help people in making their dream of owning a house, come true. This is a profitable bargain for builders in Gurgaon, as they draw a large number of buyers from the low and moderate income groups. In such affordable housing projects, the land area is optimized to its maximum capacity. For example, two flats can be developed in an area meant for one. There is more profit for the builder, as more buyers can be entertained. Both the parties benefit in this arrangement as the buyer gains by getting a home at an economical rate and the builder gets a profitable deal by selling a number of flats on the same land.

Although property prices are soaring, this might be the easiest time to buy flats in Gurgaon. The reason for this is easy accessibility to loans through a large number of money lending institutions, banks and other financing companies. There is a huge increase in the number of buyers in real estate market, due to the feasibility of housing loans for the common man.

Gurgaon real estate has a lot to offer as the city is bordering the capital city and there is good connectivity to other cities as well. As it develops rapidly in all sectors, the appreciation in real estate has lured large number of investors. Large number of affordable projects in Gurgaon and easier access to loans, has given an enormous boost to the real estate market.

 

Retail Space for Lease: Step by Step Progress

Posted on September 21, 2014 by

Investing in a property is a tough decision, and once you make up our mind for the same, it is certain that you want the best. For businessmen starting their own business, one option is to opt for retail spaces for sale or opt for a retail space for lease. However, renting is always a better option. When you look around, you will find various retail spaces for rent, and this is when people tend to get confused. In this confusion, everything looks the same and narrowing down the options becomes a tedious task. Always make sure that before you sign any agreement, you are sure of the choice you have made. To make your work a little easy, we bring to you ways in which you should proceed while searching for a retail commercial property.

retail spaces

  • Step 1: Never take a hasty decision. You will have a number of options around you, so make sure you explore all the options before choosing a commercial space. Choose a location near the malls or plazas or choose a space that offers ample of parking space. Which place is offering you what can only be known once you have a look at all the options available.
  • Step 2: Never go out of your budget. While calculating the budget also include the hidden costs and the cost of insurance. This will give you an idea of the monthly expenditure you will have to bear. Most of the times, people miss out on calculating the hidden costs, which later on becomes extremely heavy on the pockets.
  • Step 3: Once you have narrowed down a few choices, do not go only by the outer appearance of the building, instead do a walk-through. Check the interiors and talk to the landlord to get all the necessary information about the rental scheme. Also discuss the tenure of the rental and clear out any other doubts that you have in your mind related to the property.
  • Step 4: When you have finally made your choice, check the rental agreement. This is the only time when you can negotiate, so make full use of the situation. Make sure that when you negotiate, you discuss about the monthly rental, security deposit, availability of parking space and decide on a date when you can move in. If all the above parameters are within your reach and expectation, you can move a step ahead.
  • Step 5: Always make sure that you read the lease before signing it. If you are not fully aware of any of the legal terms mentioned in the agreement, do not let it go. Take the agreement to your real estate lawyer, understand what exactly is written in the agreement and only then sign it.

If you move step by step in your search, chances are that you will make less mistakes and find exactly the kind of property that you have been looking for.

Tips for Investing in a Property in Jaipur

Posted on September 18, 2014 by

When people think of investment, the first thing that strikes the mind is investing in a property. Over the past few years, a steady growth has been observed in the Jaipur residential property scenario and more and more people are willing to own houses in Jaipur. One should be extremely careful while making an investment in a property. When you plan to buy a flat at Jaipur, make sure you select a suitable location within your estimated budget. Here are a few tips for investing in a property in Jaipur:

Invest in Jaipur Property

  • When you plan to buy property in Jaipur, look out for the closeness of your flat/land to bus stands, schools, railway station, airport, parks, ring road, metro and shopping complex. Connectivity with all the above mentioned locations is of prime importance as this makes life easier. Apart from this, if you plan to rent your property or after some years you wish to sell off your property, you will get high price for your property.
  • While selecting a property, try choosing a locality that has a few VIPs living near the area. This will ensure that you will face less troubles related to water, electricity and drainage, to name but a few.
  • Another major factor that you should look out for is the security of the locality in which you plan to buy the property. Make sure that you are safe in the area and proper security measures are provided to you. Apart from this, also look for features like electricity backup, adequate parking space and availability of terrace.
  • When you plan to buy a flat, land or an apartment in Jaipur, always check that the property is approved by Jaipur Development Authority(JDA). Also make sure that there is transparency in all the paper work as you would be putting your hard earned money in the property.
  • If you are purchasing a property from a new developer, always check their record – do not go only by their catalogues. However, it is always a wise decision to opt for a renowned developer and Vatika Group is one such trusted name in the real estate market.
  • Take an idea about the developmental schemes of Jaipur Development Authority. You will have an added benefit if the schemes are nearby your locality.

By keeping the above tips in mind, you can invest in the best property in Jaipur!

Reasons To Invest In Real Estate In Jaipur

Posted on September 11, 2014 by

The capital city of Rajasthan, popularly known as the pink city, Jaipur is one of the rapidly growing cities of the country. Till now, the city was only known for beautiful heritage hotels and gems and jewellery business; but now you can see some amazing residential and commercial properties as well. As this is a planned city, it is quite an effortless task for the real estate builders to establish apartments and villas in Jaipur. There are various reasons of why real estate in Jaipur is flourishing in current times. Below are some of the reasons:

Investment in Jaipur

1. As Jaipur is a planned city, the foundation of the city has been positioned after vigilant planning and meticulous research. Therefore, even if loads of new project in Jaipur are established, you won’t find the city congested.

2. Another important reason to invest here are wide and smooth roads, clean and green environment, uncongested space and less pollution, unlike some of the major cities of India.

3. Additionally, many MNCs like Honda and Coca Cola are investing in the city, which increases employment opportunity for the people living in Jaipur.

4. The city is also known for world’s best schools, collages, hospitals and other basic amenities of life. Moreover, there are beautiful parks, community centres and shopping malls, which give people another reason to invest in properties. Jaipur is now here less than any other city of India, in terms of providing amenities.

5. The city has state-of-art infrastructure with top-class amenities like regular water and electricity supplies, proper security with CCTV and fire alarms in the residential as well as commercial properties.

6. The city offers easy and smooth connectivity to all the nearby big towns via road and railways, which makes travelling easy for the people.

Not only in the main city, residential plots in Jaipur Ajmer highway are also available with flats of different capacity ranging from 4 BHK to 1 BHK. Apart from BHKs, there are villas, penthouses, built-up floors and independent houses for people looking for a perfect dream home.

Several renowned real estate agents are investing in the city to provide high-class houses to the people living in Jaipur.

Great Scope of Development in Faridabad with Upcoming Commercial Projects

Posted on September 8, 2014 by

Along with the rising demand for properties in Gurgaon and Noida in the NCR, another region that is making its prominence in the real estate market is Faridabad. A leading industrial centre situated in the North Indian state of Haryana, Faridabad is also progressing at a rapid pace as a commercial and residential hub in the NCR. Strange but true, with improving infrastructure, this old industrial city has progressed from a factory and industrial region to a commercial hub. Infact, in a recent study on real estate, this city of our country was referred as the “city of the decade 2011-21”.

Faridabad commercial properties

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Mistakes to Avoid While Making a Commercial Property Investment

Posted on September 5, 2014 by

When we think of investments, there can be nothing better than investing in a property, and if you are thinking of an investment property with returns, you should always opt for a commercial property. Gurgaon, the millennium city, has developed tremendously in the recent years and there is an availability of various office spaces in Gurgaon. If you too are thinking of investing in a commercial property, you can consider choosing Gurgaon as your location.

Mistake you should avoid in property investment

Many of us know that is a wise decision to invest in a commercial property, but only a few of us are aware of the mistakes that we make while making a commercial property investment. Let us have a look at a few mistakes that one should avoid while investing in a commercial property.

  • Going Wrong in Analyzing the Market Trend: This is one of the biggest mistakes that a property buyer can make. Analyzing the market trend is of utmost importance, specially in cases of commercial property investment. Keep an eye on the ongoing trend and assess whether the time is right or not to invest in the commercial property. The small mistake of not analyzing the market trend can prove to be heavy on the pockets.
  • Not Checking the Property Details: Whether you are buying the commercial property or are considering the option of taking the commercial property for rent, do not go by the outer appearance of the building. It is always important to check the property from inside. Before paying the money, look for any damages or problems that need to be rectified. Apart from the infrastructure, also keep a check on the taxes that you are paying. Make sure that the taxes are of the current rate.
  • Not Analyzing the Budget Properly: Before making an investment in a property, you should assess whether it is suiting your pocket or not. This budget includes the taxes, title work and approximate cost that will incur in repairs, to name but a few. If this cost sums up to more than your income, it is unreasonable to invest in such a property. Also, if you are willing to rent out your commercial property, take an idea of the general time taken in renting out the property in that location.
  • Putting Excessive Money in the Property: It has been generally observed that people borrow money from banks when they plan to invest in a property. Make sure you not put in too much money in buying the property. Always remember that you will have to return the money and that too with interest. The initial years might not be extremely beneficial, but you will have to pay your bank on time. This might be a little heavy on the pockets, thus it is advised that too much money should not be put in a property.

By keeping the above mentioned points in mind, you can avoid making mistakes while investing in a commercial property.

Know All about Commercial Property Investment

Posted on September 3, 2014 by

Many of us are well aware of the trends of residential property investments, but when it comes to investing in commercial real estate, most of us are ignorant. People who do not run a business, or have no connections with the commercial property, are generally unacquainted about the commercial property trends. However, it is always a wise choice to stay abreast of all the investment trends taking place in the real estate, because you never know when you might need to invest in a property. Let us gain a little knowledge about commercial investment properties and the benefits that come along with them.

commercial property investment

  • Risks and Returns: When we talk about commercial property investing, it should always be noted that it there is always a higher risk involved in it and at the same time, it is a property with high return. The commercial real estate market varies from place to place, but when compared to the residential property, there is a huge difference between the two. A commercial space might take several days to be leased out. Thus, the risk involvement is high in a commercial property.
  • Period of Lease: When a commercial property is leased, it is generally done for a long period of time. The period might be as long as about ten years. Also, various commercial properties can be leased out for a period of five years and then the lease can be renewed. The annual rental increases between 15 to 20% .
  • Ratio of Investment: Commercial properties are expensive than the residential properties. Factors like posh location and huge size of the commercial properties are a major reason for the high price. However, whenever you are looking for a commercial space, you can also choose a small premise and purchase a commercial property within a small budget.
  • Fixed Costs: Despite of the fact that the commercial property has been leased or not, there are a few operational costs that are involved. However, these fixed costs vary and depend on the property type.

Benefits of Investing in a Commercial Property
By investing in a commercial property, you can increase your cash flow in a number of ways. Let us have a look at a few ways:

  • Buy and Exist Strategy: The best way to collect a huge amount of money is by first buying the property, then building an equity and then finally, selling it off. You can earn huge profits when you sell off the property.
  • Monthly Rental: Leasing your commercial property is one of the easiest ways to generate monthly income without working hard. A good amount of money goes into your pocket if you lease out the commercial property owned by you.
  • Run your Own Business: If you are a businessman, there can be nothing better than owning a commercial property. You save the money that you would have otherwise spent in paying off as a rent to the landlord, had you not owned the office space.
  • Let out the Extra Space: If the commercial space that you own is more than that required for your business operations, you can easily rent it out. This brings in extra income and at the same time the extra space that your commercial building has, does not go waste!