Growth in the real estate sector of any nation indicates the growth of nation. In the same way growth of any nation is very much depends on the rising needs and demand of commercial property. Increasing growth in the commercial property indicates expansion and prosperity. Rapid growth in economy can be felt everywhere. Commercial property is real estate property that is used for business and it indicates any type of business in which the production of goods is not involved. One of the biggest business decisions you could make is whether to buy an office space or find a commercial property to let. For whatever purpose you are investing, it’s likely to be your largest asset and possibly your biggest expense. Increase in the number of small business houses, small industries, and self owned establishments is astounding in comparison to the last decade. This is pushing commercial property market and real estate India at top gear. Gurgaon being one of India’s more popular cities is considered as an important and successful commercial center. Those who aspire to make great amount of money can make investment in Affordable Commercial Property In Gurgaon. Nowadays real estate business has gained wide popularity. Therefore more and more people are keen to Buy Commercial Property In Gurgaon. Being a constantly evolving marketplace the commercial property market of Gurgaon is unpredictable. If you are looking forward for a long time investment then choosing a commercial property in Gurgaon is a good option.With the help of internet you can search several commercial property sites that show real estate listings. Thus you can update yourself by browsing the internet regularly. By visiting numerous websites you will be able to select the best available commercial properties. Several kinds of commercial property in Gurgaon such as restaurants, office building, commercial condo, warehouse facility, etc can be purchased. Moreover, purchasing your own commercial property allows you the flexibility of buying larger premises that you actually need. You can then let out the additional space and generate a rental income that you can put towards your monthly commercial mortgage repayments. Real estate investment is considered one of the safest investments in the world. Depending on your budget, you may buy an entire commercial building or just a single unit in it. Thus affordable commercial property in Gurgaon is something that would appeal to intelligent investors who are interested in a good, long-lasting income-producing asset.
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You can find various upcoming real estate projects in Noida that have
been undertaken by the builders of Noida recently with many of them
working under big banner projects. Noida has become a hub for industries
and residential purposes which has led to the emergence of various real
estate builders there.
It has now become very easy to search for the real estate builders in
Noida. Every real estate builder has its own official site which can be
assessed to get information regarding any property of on-going projects
in Noida region. Each real estate builder has evolved a strategy and
concept of providing the best place for both commercial and residential
purpose as per the requirement of the customers. While some of the
builders who do have their official site can still be easily navigated
through internet or references.
Every real estate builder in
Noida has its corporate office whose main head office may or may not be
Noida but all their offices are connected with each office. As the real
estate builders have many offices in whole Delhi/ NCR region, it
provides assistance and information as per the requirement. Some of the
builders have evolved an idea of combining ethnic and contemporary
architecture. Also, covering the fact that the residential area provides
an ambience of fauna and flora in the premises of the building with
various facilities near the area.
Most of the buildings in Noida have enough space to easily accommodate
people with many facilities along with it. It provides an exclusive area
for swimming, parks, parking, gym and many more within the building
along with the facility of lifts. The real estate builders in Noida
assure full satisfaction of the customer and service quality with modern
and convenient living facilities. As there are many estate builders
available in this region, it is more convenient to visit their site
first before contacting or approaching any of the builders.
Various leading companies have come up with real estate projects in
Noida at different prices and rates provided by the leading online
property sites of India. These builders have mentioned the details of
the projects with their total cost and the purpose of the projects being
undertaken. The details also include the area of the compartments or
the land where the project has to be undertaken so you can easily choose
one out of them.
Real estate boom in India has activated many dormant areas to become super- active. Surajkund is currently going through this phase of activation and is ready to cross the threshold in order to emerge as a real estate destination. This boom is further strengthened by the relaxation of Foreign Direct Investment (FDI) in the real estate and construction sector. Additionally, the retail segment has opened the doors for the commercial real estate sector of India. Faridabad is fast becoming the next hot destination for expanding developmental activities. The pace of real estate growth is expected to prosper well as more and more companies are now choosing to opt for Surajkund. The city has become a prominent investment destination due to its proximity to Delhi and also because of the rising values of the real estate in Gurgaon and Noida.
Faridabad has traditionally been an industrial city, with 300 large and 10,000 small scale units and the Haryana Government’s new Industrial Model Township. However, the industrial town of Faridabad is now noticing new residential developments, especially in Surajkund village that spans across 30 acres. Surajkund, already known for its international Mela, is now a residential delight for many. The Surajkund mela was launched in 1981 by the Haryana Tourism and is held in the month of February from 1st-15th every year. This craft Mela (fair) serves as a meeting ground for talented artists, painters, weavers, sculptors and craftsmen from all over India who display handicraft products in the typical setting of a rural Indian market place. The place is visited by number of domestic and International tourists and the foot-falls seems to be multiplying every year.
Away from the hectic and congested life, Surajkund offers an environment like no other place in Delhi. The place displays a sense of peace and traditional touch which is envied by every Delhiite. People are opting for Surajkund for its peaceful natural surroundings. Renowned developers are coming up with township projects in and around localities of Surajkund. The first township project near Surajkund is Charmwood Village by the Eros Group covered in the area of 65 acres. Omaxe, Ansals are also setting up their residential projects.
These attractive townships are sufficient to satisfy the needs of people. Bungalows, apartments and villas are available here with all the modern amenities. The rates of residential properties range between Rs 6,500-Rs 8,000 per sq ft. The rent is around Rs 20,000 for 2 BHK flat and varies on the bases of size and type. Ansal and Crown Plaza have lavishly designed malls catering to children’s entertainment and hospitality, along with other commercial and residential projects. Numbers of other residential projects are in pipeline and soon going to be launched.
Social infrastructure is also developing at the fast pace to support the physical infrastructure in Surajkund. All the national and international based schools and educational institutes have come up in the periphery to benefit the students with a pollution free atmosphere. MNV public school, Delhi Public School and Manav Rachna School are to name a few. Transportation is also improving by and by with Delhi’s bus stand just 1 km from the Surajkund. Local rickshaws and autos are also available for intra-city connectivity.
The property price of Surajkund has increased three times in last couple of years. Planned infrastructure, township projects of big brands, proposed Metro in main Faridabad and rise in the prices of real estate property of other cities, involvement of Haryana government in the overall development of Surajkund make it a good choice for real estate investors.
The Bank of Montreal estimates it may lose as much as $30 million on a mortgage scheme that involved some of its own employees. The bank is suing a few hundred people including four of its own employees, along with mortgage brokers and, so far, seventeen lawyers in what they allege is one of the largest cases of mortgage fraud in Canadian history.
The Bank of Montreal says its securities department first noticed irregularities in several of their Western Canada mortgages back in 2006. This prompted the bank to hire a forensic accounting firm who spent the next year digging through the details to uncover what was really going on.
The forensic accounting firm realized a rather sophisticated scheme where scammers would chose the worst house in a preferred, established neighbourhood. They would then convince the bank the house was worth much more than it really was due to it’s location, and being as banks rely on software programs to determine house values, the banks would concur. The scammers would then purchase the house and pocket the difference.
To qualify for the mortgages, these scammers were paying unsuspecting people, generally new immigrants $2,000 to $8,000 for the use of their name on the mortgage. Lawyers would then step in and draw up fake documents of earnings, often showing inflated wages and high net incomes to ensure the immigrants would qualify for the mortgages. The legal documents filed by the bank shows the fraud scheme was operated by 14 inter-connected groups that generated approximately $140 million of which $70 million was in fake mortgages.
The Bank of Montreal’s documents also showed that millions of the fraudulent money was sent to countries such as India, United Arab Emirates, Lebanon Pakistan and Saudi Arabia. They also noted that in one instance alone, a home in Calgary that was bought for $900,000 was sold three years later for $2.3 million, netting the scammers a whopping $1.4 million.
A Calgary based management company had documents unravelled by the Bank of Montreal investigators showing 150 suspected counts of mortgage fraud within 16 different financial institutions. The investigators felt this was a clear sign of how inefficient the controls are in the banking system. If you have been the victim of fraud and have had your finances affected because of it, you might want to consider a consolidation loan. If your credit rating has been affected, you still have options to repair your credit and consolidate debts. A car title loan may help get your credit and your finances back on track.
CRISIL Research expects divergent price trends during the year in Mumbai and NCR (National Capital Region), the two largest residential real estate markets in India. In 2011, prices of houses are likely to decline in Mumbai, whereas prices will rise marginally in NCR. Further, the extent of price decline will vary widely across areas in Mumbai, whereas prices will inch up uniformly across areas in NCR.
CRISIL Research studied the price trend in three major supply pockets in Mumbai and NCR western suburbs (Goregaon, Malad, Kandivali and Borivali), Thane (Ghodbunder Road), and central suburbs (Dombivli and Kalyan) in Mumbai; and Noida and the outskirts of Ghaziabad and Faridabad in NCR.
City Reality reports offer an in-depth, area-wise analysis of residential, commercial and retail segments covering 400+ areas across 88 micro markets in 10 Indian cities. Read the real estate developer ratings at CRISIL that has developed two specialized products with their real estate research that help housing customers and financial institutions understand the intricacies.
Accounting for more than 50 per cent of total planned supply in each city, these major supply pockets would represent the trend in housing prices in the whole city. Mumbai and NCR would together account for more than half the 1.5 billion sq ft housing supply planned in India’s 10 leading cities up to 2013.
In Mumbai, falling demand, owing to diminished affordability, and rising interest rates will trigger a decline in prices in 2011. Prices of houses soared by 43 per cent in 2010, in the city’s three major supply pockets. Prices thus surpassed their peak values, attained in the first half of 2008, by 26 per cent, adversely affecting housing affordability. CRISIL Research therefore expects prices in Mumbai to decline by 8-10 per cent in 2011.
In NCR, prices will move up marginally because of relatively better affordability. Prices went up only by 6 per cent in 2010 in the capital region’s three major supply pockets. Prices in these areas currently are 15-20 per cent less than their peak values in the second half of 2007, making affordability relatively better in NCR than in Mumbai. CRISIL Research therefore expects average prices in the region to move up marginally by 3-4 per cent in 2011.
“Reduced affordability and a likely increase in interest rates by the Reserve Bank of India will subdue demand and depress housing prices in Mumbai in 2011. In NCR, relatively better affordability will prop prices despite any increase in interest rates,” explains Nagarajan Narasimhan, Director – CRISIL Research.
In Mumbai, the extent of the price decline would vary widely by area. Prices in premium locations like South Mumbai and Central Mumbai, which have an excess supply of houses priced at more than Rs 50 million, would decline sharply by 15-20 per cent over the next 12 months. Prices will decline more moderately, by about 6 per cent, in areas like Vasai and Virar, where affordability would be relatively better. In NCR, with prices increasing marginally across all areas, the trend, again, will be divergent.
Chennai has successfully walked towards a cosmo outlook in the past few years. Today it is much easier to survive in the city without having the knowledge of Tamil. This has resulted in much more residential movement in the city. Commercially, of all the metros in India, Chennai possesses distinct advantages that the other cities do not. Good supply of talented workforce and increasing movement of IT- ITeS industry to the city have been recent reasons of growth.
Besides, there is a good supply of real estate in Chennai as compared to the already saturated Mumbai and Delhi. Historically, it has always been a commercial hub as the port city of the South. Thus there is a lot more expectations from the city than has been seen in the recent years. Manufacturing Companies have focused their interest in and around Chennai. Residential housing has been the focus of developers with a plethora of projects from 5 lakh – 1 crore category. There is more to it than on the surface
The growth of the IT industry in the city is led by the abundance of good talent in the city. Besides a lot of people from across India are comfortable settling in the city. This is the key reasn for companies like Nokia and Dell to setup their campuses in Sriperumbudur in Chennai.
There has been a paradigm shift in the outlook of the state towards building up the infra in Tamil Nadu, Chennai leading the pack. The port in Chennai gives the city an exceptional advantage and has resulted in some key industry development in this city. Automobiles, Chemical, Manufacturing industries have mushroomed in and around the city. Owing to billions of dollars of real estate investment in the city, the city has emerged as a good investment destination. So, which areas make for a good investment. Primary properties are coming up in OMR, ECR and Thillavur and thus are the recommended places for investments.
The Old Mahabalipuram Road (OMR) is attracting a lot of real estate activity. The area has resurged as the IT Centre of the city. On the anvil are mega residential townships backed by foreign equity players for some of the projects. An upcoming area, there has been realty development to cater to the increasing need of school, markets etc. However, prices may be peaking in the area as prices have doubled since December 2006. These places have a good water and are unpolluted to be and therefore give the advantage of peaceful living in an urban metro city.
East Coast Road, with its scenic beauty has dawned a new avatar as one of the most lucrative residential destination in the city. There are a lot of residential projects coming up in that part of the city. Government has taken definitive steps towards reducing the transportation in that area. Thiruvallur, a sub urban risk zone area has also seen recent activity. Some other upcoming areas include Kancheepuram, Padapai, GST Road, Tindivinam.
In the more established places in the city with good infrastructure include places like T. Nagar, Mylapore, Abhiramapuram, Adayar as these places have good proximity to schools, hospitals and industrial areas.
Chennai can finally look upto a more organized retail industry. The retail scenario has been a on the up. Malls are mushrooming in areas like N.M. Road, Vadapalani,P.H.Road,Anna Salai, C-IN-C Road, OMR, Velacheri and N.H.Road
Ther have been efforts to improve the infrastructure in Chennai. Some problems that plague the city include the cleanliness, transportation, potable water which if solved will make Chennai a more happening destination.
Besides all the above, Chennai is emerging as a tourist destination with a lot of tourist spots in and around the city. Not only for the traveler, due to the much more increased business activity in the city, there are hotels coming up for the business traveler. So there are budget hotels for the domestic traveler, and in the higher category of 5 star hotels for the executives traveling for the multinational establishments in the city.
So to summarize it all the city is an attractive destination. It has a good future with its emergence as a hot IT – IteS destination’ and the other industries. The port is a catalyst in making sure that the boom never dies. The retail industry with the more cosmo outlook will only look up in the next 5-10 years. Real Estate is comparatively cheaper and there is sufficient supply. Go ahead and make a judicious investment.