Month: November 2018
Delhi, the capital of India, has been the real hotspot in the real estate industry in the country. In recent years, Delhi property market is growing at a phenomenal rate due to great improvement in the transport system, expansion plan of 65 km- long Delhi Metro Rail and the commencement of 2010 Commonwealth Games in the capital. A real estate consultancy has rated recently New Delhi as the 16th most expensive real estate market of the world and the costliest retail destination in India. The demand for real estate development is expected to remain robust across Delhi property market due to huge demand from IT/ITES sector.
Residential Real estate
Delhi residential real estate market segment is growing exponentially because of huge demand for housing from IT/ITES and foreign diplomats. South Delhi is the most happening residential place in Delhi property market and the rental values of residential properties like the flats, villas and duplex houses are extremely at higher end.
Commercial Real Estate
The leading retail brands in Delhi property estate market has generated huge demand for commercial space in the city because of its large format retailing and burgeoning demand from IT/ITES segment as well.
New Delhi commercial market space is broadly classified into:
Central Business District Connaught Place
Secondary Business District Nehru Place & Bhikaji Cama Place in South Delhi
Peripheral Business District Jasola, Saket & Noida.
Some of the major transactions in Delhi property market are:
Central Business District
Ministry of Finance 15,700 sq.ft.
Edelweiss 13,500 sq.ft.
Maquaire 7,000 sq.ft.
Atlanta 20,000 sq.ft
Secondary Business District
Sunflag 3,500 sq.ft.
Porsche 14,000 sq.ft.
Sapient 22,000 sq.ft.
Hansgrohe 23,000 sq.ft.
Juniper Networks 8,000 sq.ft.
ICICI Prudential 10,000 sq.ft.
Peripheral Business District
LI & Fung 200,000 sq.ft.
Deloitte 70,000 sq.ft.
Ericsson 70,000 sq.ft.
Kyocera -12,000 sq.ft.
Fujifilm – 10,000 sq.ft
Accenture – 2,00,000 sq.ft
Sapient – 2,00,000 sq.ft
Amway 26,000 sq.ft
Thus, Delhi is a preferred place for investors worldwide and the city is a significant destination for leading MNCs, IT/ITES companies and corporate pouring lot of investments that in turn creating a hue demand for commercial real estate space in Delhi property market.
According to industry survey, Delhi real estate is considered to touch greater heights in the hospitality sector with 27 new hotels and serviced apartments with more than 4900 rooms in the next 3-4 years. And, the other interesting and fascination information is that Delhi real estate is expected to touch minimum hundred shopping malls by end of 2010 due to burgeoning retail space demand in Delhi real estate market.
Have you been thinking about purchasing a NuvoH2O Salt-Free Water Softener? If you are looking for an alternative to the traditional water softener, the NuvoH2O may be an excellent option for you to explore. Before you make the decision to purchase this salt-free water conditioner, however, you might want to read through this NuvoH2O water softener review in order to learn more about what it has to offer.
Soften Water with NuvoH2O Technology
While it may seem unusual to soften water without salt, the reality is that salt water conditioners are outdated and unnecessary. With the NuvoH2O, you can say goodbye to salt forever. This is because the NuvoH2O uses a technology known as chelation. Through this process, the minerals in your water are made soluble, which makes it impossible for them to create hard water problems. The NuvoH2O uses a special, FDA-approved formula known as Citryne to accomplish this goal. Citryne is a citrus-based formula that utilizes the chelation process. Not only does Citryne soften water, but it also helps eliminate scale that has built up in your shower, on your dishes and in your appliances.
The Cost of Using the NuvoH2O
One benefit to using the NuvoH2O water softener is that you do not need to add new water to the brine tank every month. You do, however, need to purchase a special cartridge to use with the water softener. Depending on the size of the water softener and cartridge you purchase, the cartridge will last anywhere from 3 to 6 months before needing to be replaced. Depending on the size of the cartridge, a replacement can cost anywhere from $49.99 to $89.99. As such, you may or may not save money when you purchase a NuvoH2O water softener. Obviously, if you are buying $4 bags of salt and it is lasting you an entire month, the NuvoH2O will cost more to use. Of course, water softener salt can cost as much as $40 per bag. So, if you are paying on the higher end of the spectrum, you will certainly save money with the NuvoH2O.
Installing the NuvoH2O
While there are many dealers throughout the U.S. and Canada who are qualified to install the NuvoH2O, you can install the system yourself. The amount of time and money it takes to install the NuvoH2O will depend largely on how your pipes are configured in your home. Since the NuvoH2O does not require electricity and has no drain requirements, it is far easier to install than a traditional water softener. Furthermore, the compact size makes it easy to install in small utility rooms, condos and even outside in warm climate zones. Still, it could cost anywhere from $150 to several hundred dollars to purchase the materials necessary to install the NuvoH2O.
When you think of the best ways in order to buy a new home, one of the first things you need to do is find mortgage rates Colorado. There are a lot of banks and financial institutions you will be able to turn to and each of them is able to offer you a deal for your new loan, but you have to take the time in order to go for one that suits your needs best.
To some it may seem like a very hard task to overcome since there are too many options at hand when it comes to the source of the loan, but if you want the best mortgage rates Colorado, you need to put in a little effort so you can make it happen. The more you will search and the more banks you will talk to, the surer you can be about the result.
One of the first things you need to keep in mind is that when you are looking for the best mortgage rates Colorado, you will have to live with them for decades to come. If you do not take the time in order to get a good deal now, you will spend a very long time paying the price and this is the last place you want to be in when it comes to your money.
If you have already been burned and you have taken out a loan that does not suit your needs as best as it should, it is not the end of the world. Some people say there is no way out and they pay the price for it, but if you are in this sort of shoes and you want to find a way out, you need to start looking for the refinance rates Colorado that suit you.
All the terms of the loan you took will not be able to bother you any more, since you will take out a new one and you will be able to enjoy a lower installment thanks to the refinance rates Colorado. There are a lot of things that you are able to enjoy if you get your hands on a better deal and you can even take out some extra cash for other needs.
If you do not want to waste any more time than you have to and you want to be sure you will get the refinance rates Colorado that suit you a lot better, you have to turn to the web. The site of beaconfinancialinc.com is one of the first visits you need to make and you can be sure you will get your hands on a deal that you can rely on. If you take the time to compare all the perks you will get, you will have a very long list at the end and it can be yours on the spot.
When people want to buy a home, mortgage rates Colorado are the ones that will show them how it can be done. If you want to be sure you will get a good deal or your will replace one with a better deal, the refinance rates Colorado you will be able to find with the team on the site named afore will show you what you have been missing out on.
Arbitration, an age old concept in India, is a part of Alternate Dispute Resolution (ADR) with other popular ADR processes like Conciliation and Mediation. In India Alternate Dispute Resolution is governed by the Indian Arbitration and Conciliation Act 1996 which is created on the lines of the Model Law of the UNCITAL (United Nations Commission on International Trade Law). This article identifies certain problem areas of the Arbitration Laws of India, highlights some of the revolutionary decisions by Supreme Court and points out some of the misuses as well.
Over the past decade, the lofty objective of enacting this Act stands substantially diluted due to various reasons as follows:
a.Inability of parties to exercise their rights explicitly provided under the statute
b.The overdependence on retired judges as arbitrators
e.Legal professionals treating arbitrations as an extension of the court proceedings and converting them to lengthy trials.
f.Exercise of appellate power under Section 34 of the Act – a virtual practice to challenge each and every award irrespective of whether it fits within the limited grounds specified in Section 34.
These render nugatory the stated intent of creating an arbitral process that is fair, efficient and capable of meeting the needs of the specific arbitration resulting in an explosion of litigation as against the stated intent of reducing the same.
The Supreme Court, while dealing with such rival contentions has held that interpretation of a contract may fall within the realm of the arbitrator. The Court while dealing with an award would not reappreciate the evidence. An award containing reasons also may not be interfered with unless they are found to be perverse or based on a wrong proposition of law like an error apparent on the face of the award. If two views are possible, it is trite, the Court will refrain itself from interfering. Jurisdiction of the court to interfere with an award made by an arbitrator is limited. On contrary to this, in recent times, the courts were impelled to have fresh look on the ambit of challenge to an award by the arbitrator so that the award does not get undesirable immunity.
The Court also quoted it is correct that courts shall not ordinarily substitute their interpretation for that of the arbitrator. It is also true that if the parties with their eyes wide open have consented to refer the matter to the arbitration, then normally the finding of the arbitrator should be accepted without demur. There is no quarrel with this legal proposition. But in a case where it is found that the arbitrator has acted without jurisdiction and has put an interpretation on the clause of the agreement which is wholly contrary to law then in that case there is no prohibition for the courts to set things right.
While the conclusion may not be so relevant, it is the reiteration of the aforementioned principles that is reassuring. One can only hope that this would guide the hands of all judicial authorities while entertaining appeals under Section 34.
Misuse of the process of Arbitration by companies and parties is also not unheard of and is even prevalent in international commercial arbitration where the arbitration agreement or the arbitration clause may stipulate sole and mixed arbitral commissions. These depend primarily on whether the disputes are to be referred to a single arbitrator or the parties may appoint an arbitrator each with an umpire presiding over the arbitration commission.
Problems as discussed again arise when the party to the agreement in power may force the other party or parties to sign an arbitration agreement or arbitration clause created to cause pecuniary or territorial discomfort to ensure a quicker or unfair settlement. The conclusion is obvious. If arbitration is to survive, ADR lawyers must insist on institutional arbitration to ensure Alternate Dispute Resolution becomes a better alternative to Court litigation.
The USP of resolving disputes through Arbitration was its relative simplicity, economy, speed and privacy. However, over the time it has been observed that Institutional Arbitration through Associations or Societies like The Indian Council of Arbitration (ICA) , Federation of Indian Chambers of Commerce and Industry (FICCI), FICCI Arbitration and Conciliation Tribunal (FACT), The Associated Chambers of Commerce and Industry of India (ASSOCHAM) etc. is the best since they conduct Arbitration as per rules laid down which have stood the test of time and where the reputation of the Arbitrator is impeccable while at the same time the parties to arbitration know very clearly what the cost of the said arbitration be.
It is unfortunate that most litigants and parties do not opt for institutional arbitration which has time and again proven its mettle in providing fast, economical and completely impartial resolutions of disputes within the ambit of strongly laid down process and guidelines.
Foreigners buying a condominium in Thailand will receive 2 official government issued documents related to the condominium.
1 the condominium ownership title deed
2 the condominium house registration book
Each condominium unit has a unit title deed issued by the Provincial Land Department or its branch office and a Tabien Baan or House Registration Book issued by the local municipality.
The condominium unit title deed is the official ownership document and its use id proof of ownership. The apartment’s house book primary use is registration of the unit and it’s address and verification and registration of a Thai person’s address living in the condominium.
The normal house book issued for each address in Thailand is the blue version of the Tabien Baan. Foreigners owning a property are usually not registered in the blue book as owner or resident. Opposite Thai nationals foreigners often have an empty blue house book.
There is a separate version of the Tabien Baan for foreigners, the ‘yellow book’. It is possible for foreigners to exchange the blue book for a yellow book if the foreigner meets the requirements for the application. The required documents for a yellow book vary per location but usually require a non-immigrant visa and an ownership document such as the condominium unit title deed, but could also include a work permit or marriage certificate.
A yellow book is unusual in Thailand and it is not necessary for foreigners to exchange the blue book for a yellow book. The majority of foreigners have the blue book together with the ownership unit title deed.
Even though the foreigner is not registered in the house book foreigners usually proof their address through the Tabien Baan and the condominium title deed, or obtain a separate ‘letter of residence’ from the local immigration.
Overall compared to the ownership title deed the house book is not an important document and there is no need for foreigners to exchange a blue for a yellow book.
Condos can be a terrific investment whether you are buying them for your own use or to let out. You will have to think about lots of things prior to buying a condo that will satisfy you.
You require the right devices to enable you obtain an appropriate condo. You require the net, real estate agent and financing if you are not paying in money.
Searching the web will help you discover offered condominium in your location of interest while the real estate agent will help you with the search and provide expert insight. Funding will just be required if you are not paying in cash.
How far off social facilities like schools, healthcare facilities, commuter rail, shopping center and home entertainment spots are, could affect the choice of a condominium The closeness to these features reduces expenses which can have been incurred on fuel. How far great schools are from the condo would affect some prospective condominium owners with children.
Another crucial element would be the price of the condo. All of us would love to save as much as feasible. It is very important to note that as much as you want to buy cheap, you need to guarantee that the resale value of the property is high simply in case you might wish to sell it in the future. Guarantee you get worth for the cash you pay.
It is essential to understand the taxes charged for condominium in various places. You will make some significant savings on tax if you pay lesser taxes. Only check online for property tax records of the complex after making a decision on the condominium you wish to purchase. Looking at this info, you are able to inform the amount of units are owner occupied and how the taxes have been for the last few years.
When buying a condo, examine deferred upkeep. By driving through the condo complex and close-by locations you can examine this. If you discover that the intricate and the close-by locations seem upkeep is deferred, you can continue your search in another property.
The realty representative can discover if there are any current or upcoming special evaluations after you have discovered the condominium you want. Are there major remodellings that are not covered by the homeowner’s association charges? You will know whether getting a condo is a clever selection after gathering the above information.
The policies and law established by the home owners association is an additional vital element to take into account. Are pets allowed in the complex? Are you entitled to a parking spot? Are water bills separate?
The rental rate in the area is an important factor to consider for a condo to be used as a rental home. You should decide whether the cost you are paying makes financial sense. One advantage of having a condominium as a rental home is that the outside maintenance is taken care for you.
If a community newsletter is available, you can quickly get it from the countertop in the utility room or on a club house table. Undergo it. Checking out the newsletter will help you have a rough idea of the locals.
With the above pointers, discovering the right condominium should be a simple task.
Joseph Kavana was born in Uruguay in 1949 and has been residing in Miami since 1980. He has worked as an active developer and investor for more than twenty years in the real estate industry. Joseph Kavana is now serving as Chairman and CEO of K-Group Holdings, Inc., a leading real estate development company involved in various prestigious projects. For the past 25 years, K Group Holdings, Inc. has successfully evolved as an active investor and manager of strategically-selected companies throughout the world. K Group International Development, a division of K Group Holdings, is a diversified real estate investment and development company working in the United States and Latin America. The company is actively involved in the development of a project known as Yoo Punta Del Este in Uruguay and Yoo Nordelta in Argentina.
From 1980 to 2000, Joseph Kavana has served as Chairman of the Board and CEO of Sagaz Industries, Inc. The company manufactured and distributed soft goods products for the automotive industry. In a short period of time, under his expert leadership, the company became leader in the automotive aftermarket. In 2000, he sold the company to Pennzoil Quaker-State. He then created K Group Holdings Inc, driving force behind Metropica, a premier mixed use development in the heart of Sunrise, Florida.
Joseph Kavana was also involved in various land development deals such as Jacaranda West (Plantation, Florida) and Chapel Trail (Pembroke Pines, Florida), which represented more than 400 acres of land. Recently, he has made significant contributions in Sunrise, Florida where in 1994/95; he purchased 65 acres of land through Sawgrass Property Investments and Sawgrass 17 Acres Partnership. Joseph Kavana has an extensive knowledge in various asset classes including land development, commercial/retail, multi-family as well as industrial. Mr. Kavana is also active in several other real estate and development projects that spread across various properties and establishments. Check out the complete details about achievements of Mr. Kavana, by browsing through www.kgroupholdings.com.
Commensurate to technological advancement in the world of architecture there is a marked shift in the commercial building elevation designs.
Rapid technological developments in the world of architectural designs have resulted in substantial changes in commercial building elevation designs. With the changes in the standard of living of people it is natural that the changes will also be reflected in their home and office designs. As such the modern culture and architectural designs are not as they were sometimes back.
Aiming for Appreciation There is a big competition for getting greater appreciation and admiration of visitors and viewers through innovative and unique Commercial Elevation Design that will be attractive features. In any case; there have been marked changes in designs and elevations of all the commercial structures around. Objective however in any type of uses of architectural design in either commercial or residential buildings is to stand out in the crowd and gain appreciation of others.
Upcoming Firms With such changes in the architectural preference; many firms are coming up that provide services like providing architectural designs and guidance for commercial building elevations. Using their services could be good because – Most of these firms have a set of highly proficient professional experts carrying out the tasks entrusted. They are well conversant with the market trends as well as classic and contemporary architectural designs. Such firms can provide individual expert that can take best care of the designs of your home or commercial complex.
Interior Architectural Designs However the term architectural design does not refer to exterior design or the commercial elevation alone. Interior designs are as important as their exterior counterparts. Excellent interior designs can add substantial value to your home or office and that is why they are extremely popular these days. While residential structures can look beautiful and trendy with such interior architectural designs, for commercial complex well designed interior decoration is as important as highly attractive exterior designs. Reason is that customers and others visiting the commercial complex will be highly impressed by the designing structures in the interior of the structure.
Commercial Elevators In new commercial buildings commercial elevators are normally used. Best part of these elevators are that they help people move a lot of distance without making too much of efforts. This is the point where commercial elevation design comes to play and they are especially required for high rising as well as multi-storey commercial complexes. That is why such architectural designs of elevations are most prominent in malls, plazas, high rising office buildings and such other structures.
Obtaining Online Architectural Services For Commercial Building Elevation Design the accepted trend is obtaining online architectural services and designs through consulting process. This is good for those that lack the resources for engaging a full time architectural service physically. Online advice will help with implementation of a potential project and making it worth pursuing.
However, it is necessary for the prospective client to be careful about getting conflicting advice and guidance from multiple agencies or experts. It would be good sticking to one that is reliable, reputable, and comes up with competitive prices.
When a business owners Wells Fargo commercial loan falls into default, foreclosure becomes a very real threat to the business, to the business owner, and to any person depending on the success of both. Loan modifications for real estate loans have grown in popularity since the collapse of the housing market in 2007, but they are just as helpful for business owners seeking commercial loan modifications. The hardest part about being approved for a loan modification is getting the entire process done in enough time to help the borrower. Lenders are notorious for dragging their feet through the process, in many cases losing important borrower documentation and failing to provide substantial customer service support.
Being approved for a Wells Fargo commercial loan modification should not be as difficult of a process as the lender makes it out to be, especially since a loan modification is usually more profitable for the lender than a foreclosure, but a combination of under staffed offices and unknowledgeable lender employees makes the process all the more difficult.
One aspect of winning a fair loan modification deal from a lender is a strong negotiation. Business owners know the importance of negotiations, but under the circumstances, often fail to do what is best for their business. When a business owner is faced with the threat of foreclosure, they often look for the quickest way out of their problem so that they can get right back to work, but this tactic often does little good for the business owner in the long run. In any other negotiation setting the business owner would be strong, committed, and resilient in their efforts, but when their very existence as a business is on the line, they sometimes become weak and short sighted. This is why it is best for the business owner to hire a third party to handle the negotiations, preferably an attorney. Attorneys can represent the business owner through all phases of the negotiation and can offer an outside perspective of the entire situation. Also, attorneys will be able to apply legal pressure to the lender that can compel them to agree to the lowest rates possible.
Letting an outside third party negotiation will ensure that the emotions of fear and anxiety that are no doubt plaguing the business owner will not interfere with the negotiation. Since experienced foreclosure attorneys usually have years of experience negotiating with lenders, they will be able to spot a good deal when it presents itself.
Any good business owner knows when its time to loosen up on the reins and let a professional take control. They know that the success of any business depends on their ability to delegate tasks to those who have the highest chance of success. A wise business owner will see the act of hiring an experienced attorney as an act of delegation vital to the success of the business. This way, while the attorney is busy negotiating the Wells Fargo commercial loan modification with the lender, the business owner can focus on keeping existing clients, winning new ones, and generally managing the day to day operations of the business.
Commercial Property loan is obtained through several basic requirements that are somewhat different from the residential mortgage loan requirements.
When you invest in a piece of commercial estate, you generally have to take out a mortgage to pay off the cost, just like with a residential purchase. Yet, the factors determining whether or not you will be approved for an investment property loan are somewhat different and the requirements are more demanding. Commercial mortgage lenders will look at several financial aspects including a property appraisal, a credit check, the down payment, and the Debt Service Coverage Ratio.
A property appraisal is required to determine the market value of the commercial building and accompanying land. The appraisal keeps the lender from inadvertently loaning you more money than the real estate is worth, thereby reducing the risk of loss for the lender. Appraisals are also conducted during residential home purchases, but the price-deciding factors are different. A commercial property’s value is based not only on the condition of the roof, the plumbing, and other systems, but also on the size, location, and accessibility of the place.
With an investment property mortgage loan, you will also need to demonstrate a good credit record. Of course good credit is a plus in residential mortgages, but because commercial properties generally cost much more than the residential properties, the credit requirements tend to be more stringent. In addition, checking your credit history and score, lenders will want plenty of income and asset documentation to make sure you will be able to make your mortgage payments. If it is your own business that will occupy the business space, the lender will want the proof of the profitability of your venture.
Down payments are another determining factor in whether or not you will be approved for a commercial property loan. In the residential world, borrowers can often get away by contributing very little and sometimes even nothing up front in the form of a down payment. The big price tags on official and business properties, however, makes lenders very cautious as the risks are much greater. Large down payments are usually required for an investment property mortgage loan, with the minimum being 20 percent of the price. In many cases though, the average seems to be a down payment of 30 to 45 percent. You are then provided with the loan of the remaining amount of the purchase price. The amount you are loaned compared to the actual price is called the Loan to Value ratio (LTV) and is a very commonly used percentage in the mortgage world.
Finally, you will be approved for a mortgage based on the Debt Service Coverage Ratio (DSCR) of the commercial real estate. This is the amount of money the realty generates each month from rents and other fees (the net cash flow) versus the amount of the monthly mortgage payment (the debt service.) This ratio helps lenders to determine how much you can reasonably afford to pay on your commercial property loan each month. Most like to keep the ratio between 1.1 and 1.4. A ratio of 1.4 means that for every dollar you pay in mortgage payments, your property should be generating $1.40. Your revenue would therefore be larger than your debts, and you would theoretically be able to repay your loan.
Certain commercial lenders may have additional loan requirements, which are not listed here, but the basics remain the same for all. Be sure to shop around and ask each lender how he or she determines its approval. You can be competitive in the commercial property loan market by doing your homework and coming fully prepared to the negotiating table.
Acquiring commercial property loan is not an easy task as there are many stringent and basic requirements to be fulfilled prior approval. For detailed information on investment property loan and lucrative commercial property dealings, you can visit, http://www.kiscl.com.