Surging Real Estate Scenario in India to Speed Up Building Projects

India is now turning out to be a lucrative destination for all kinds of businesses. Whether it is manufacturing, information technology, automobile or telecommunications, companies are gearing up to tap the potential in the market through newer strategies. Real estate business is not an exception. Actually, it is one sector that is least affected by the global recession. Property business in India is passing though a flourishing stage to open the door to unlimited possibilities for investment all over the country.

A recent surge in the prices of both residential and commercial properties in India has brought smiles in the faces of plot owners as well as builders. The majority of urban cities have witnessed a price rise of more than 250 percent in a matter of few years. A large number of commercial complexes, industrial parks, shopping centres and residential townships are being planned and established in all cities irrespective of their sizes.

Owning a house in Chennai is the dream of every Indian. As a result, many residential projects are coming up in this happening city. Egattur OMR (Old Mahabalipurum Road) project is going to give a tremendous facelift to the city of Chennai with the first large-scale integrated community hub. Spread over 110 acres of land, the project consists of residential as well as partly commercial buildings to satisfy wide-ranging requirements. Developed by Hiranandani Upscale, the state-of-the-art community is filled with all modern amenities strategically positioned at a walking distance.

The demand for properties in Hyderabad is not limited to a particular category, but has spread across many different categories such as separate residential houses, apartments with multiple floors and villas. The supply aspect is equally diversified with numerous choices in every segment like low-priced homes, premium housing and luxurious housing schemes. Mantri Developers is a prestigious player in the real estate industry here. Its various projects in and around Hyderabad have already tasted overwhelming success. The secret of its success lies in the adoption of simple philosophy.

The real estate scenario in Bangalore presents a rosy picture with an upward movement in commercial as well as residential properties. Builders in this part of the country are coming up with newer and newer projects to entice more and more buyers. The craze for owning a property is such that more space in the classified section is devoted to rent of houses and plots for sale. Many low-cost housing schemes are in the pipeline to encourage middle class working executives to own a dream house in this hi-tech city. Brigade Lakeview is a reputable property developer in this city with many projects of luxury apartments, office or software facilities and multiplexes.

Noida as a part of Delhi/NCR region has witnessed a record investment in the real estate market. As a result, the property prices are steadily increasing at a rate of 30 percent per annum. The majority of residential properties in Noida are generally in the form of plots, independent houses, condos, apartments and luxury villas. …

Top 5 Atlanta Condominium Amenities

While location and floor plan layouts might be the key to choosing your new condo, don’t forget about considering the amazing amenities of the condo property. Perhaps some of the best features of the condo-lifestyle are the resort-like amenities including: private club rooms with bars, 24-hour concierge services, private poolside cabanas, game rooms equipped with everything from pool to poker tables, valet parking, guest suites, etc. After scouring Atlanta for some of the best condo amenities we have compiled a listing of the top 5 to keep your eye out for when looking for your new condo residence!

1. Indoor and Outdoor Movie Theatres at the Paramount. A state of the art indoor theatre is just the beginning of celebrity-inspired amenities at the Paramount. Add to it the outdoor theatre capabilities where you can host a private viewing party while enjoying a delicious grilled out dinner and it’s over the top!

2. Putting Green and Golf Simulator at the Aberdeen. Golf lovers agree that being able to practice on this well-manicured putting green is key to improving their game. And when it is raining, being able to head inside and enjoy a state-of-the-art golf simulator makes this any golfer’s dream residence.

3. Saline-infused Heated Swimming Pool at the Ritz Carlton Residences. Overlook Buckhead, Midtown, Brookhaven, and Downtown Atlanta all while soaking in a luxurious resident-only pool with private dressing rooms and pool-side towel service.

4. His and Hers Saunas at Luxe. What could possibly be better after a hard workout or a long and stressful day at the office than a relaxing sauna? The his and hers sauna accommodations at Luxe provide a spa-like escape in your own home!

5. Expansive and State of the Art Gym at the Manhattan Condos. From new and diverse equipment to mounted televisions on each cardio machine, the Manhattan gym is perfect for the hardcore weightlifter, power speed walker, yoga enthusiast, and personal training rooms.…

7 Reasons for Buying a Condominium

Hi Everyone:

I’ve been invited to speak to a Heritage Group, comprised of retiree’s who are interested in learning more about the condominium life style. In preparation for this presentation, I’ve examined some of the main reasons what makes a condominium so popular, and some of the advantages that come with this life-style. By the way, condos come in different types.

So here we go: 7 Reasons for Buying a Condominium

1) A cost-effective alternative to houses.

I’ve just listed and sold a 700 sq ft bi-level home which received 11 offers and sold for well over $200,000. No garage, no appliances included, nothing fancy…a good solid house with a few upgrades. By comparison, there is an 1100 ft condominium, with central air and central furnace, insuite laundry and all appliances that will sell for approx. $165,000. For First Time Buyers, who are sick of the bidding wars, this is an excellent alternative.

2) Lifestyle

Do you like to travel? Or perhaps you’re both working full time and looking after the house and yard is a chore you simply don’t have time for? A Condominium offer a simple ‘lock-up-and-go’ lifestyle. In many cases, your neighbours won’t even know you’re gone,….unless you tell them.

3) No Yardwork

Getting tired of shoveling all winter, and mowing all summer? Is house and yard maintenance weighing you down, or simply getting away from you? In a Condominium, you don’t have to lift a finger. Walks are shoveled, grass is cut, garbage is picked up and halls and common grounds are cleaned and maintained. Just enjoy…

4) Security of a Condominium

A Condominium (especially Highrise Units) offers secure entrances, with security cameras and often even patrolling security companies. As a former police officer I can tell you that break-ins to high-rise condos are rare. While they DO occur, when compared to break-ins to houses, they are statistically insignificant. Piece of mind living in a secure condo.

5) Community

Many condominium owners find that in a condo, their neighbours are enjoying a similar lifestyle, and so they have more in common with these folks. Many condos also offer “common-rooms” where people can get together and talk, or fitness rooms, pools etc etc. This is especially true for the 55+ buildings where all your neighbours are in a similar age group as yourself.

6) Lower Operating Costs

In most condos, especially in the highrise and townhouse variety, the building insurance is already included in the condominium fee. As is the water-bill. And sometimes the heat and hydro as well. Building maintenance is included, so you dont have to worry about replacing a furnace, or the shingles or the windows. And if heat is NOT included, heating a 1000 sq ft apartment style suite is far less expensive than the average 1000 ft bungalow, often even as low as half the cost. (Thats because the units above, below and beside you help insulate you from the elements)

7) Benefits of Home Ownership

With some limitations, condominium …

What Types of People Buy Condominiums?

Condo living is not for everyone, but it does offer many benefits. One of the biggest benefits is not having to worry about maintenance of the exterior of the unit and the grounds. For some people this is the ideal way of living. There are a few typical groups of people that love the condo lifestyle .

The Young Professionals

The first group is the young professional couple. These are people who lead very busy lives. Because of this, they don’t want to worry about wasting what little free time they have doing yard work. The condominium lifestyle offers them an opportunity to live in a property they own without worry over exterior maintenance. Often this group also enjoys the many amenities certain condominium complexes have to offer. From gyms and swimming pools, to community centers and spas, condo living can be a great place for young professionals.

Senior Citizens as Condominium Owners

The other prime group that loves condo living are senior citizens. This group traditionally has already had years of enjoying their time owning homes and caring for yards and gardens. They are often at a point in life where they just want to relax more, travel more and worry about yard work and exterior maintenance less. Condominium living for retirees can be a wonderful way to continue home ownership without all the stressors of exterior property maintenance and care. It often gives senior citizens a great sense of relief when they can own property without these additional home ownership worries.

The Single Person Lifestyle

The last group of people that are traditional condominium buyers are the single person home buyer. These people may come from any age group and are usually looking for a way to buy a home they can call their own. However, because they do not have a family, many single home buyers do not want to worry about exterior property maintenance.

Parents of College Students

This group can include college students looking for condos near the University of Texas. For many parents of students attending the university, this can be a great investment that allows them the ability to help teach their young adults about the basics of home ownership. It also allows them the ability to ensure that their young adult children do not have to keep moving in and out of dormitories, can readily cook for themselves, and can have a place to continue living after college is over if they choose to start a career in the area.

Since parents often do not live in the area, buying a condo near the university can allow their children to have a great place to live without worrying about property maintenance. This is when long term ownership by parents can make sense. Since most property increases in value, parents have few concerns over resale value in these circumstances.

Condominiums as Investments

The last group of buyers of condominiums are investors. These people are looking to buy a condominium and rent …

Whenever you’re investing in new real estate with the intention of profiting from it, you should make sure that it’s a sensible purchase not just in the immediate term, but for the future as well. There’s a lot that can go wrong if you’re not careful with how you’re allocating your resources in this aspect, and it’s not just about the immediate losses this will incur for you either. Planning ahead will make it possible to easily expand later on without having to dig deep into your pockets.

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Location Sometimes Matters a Lot

While it’s obvious that you should take some time researching the ideal location for your next building investment, you should consider the actual importance of this, and its implications in your future operations. It’s not rare that you’ll realize that having the right location will change things drastically, especially when it comes to the requirement to invest additional money into the place. Plus, having some extra leverage in your promotion can make things much easier for you in the long run, especially if you have a large number of buildings that you need to deal with regularly.

Use Your Funds Wisely

Don’t just rush into this kind of purchase without doing some careful research beforehand. You can often optimize your finances a lot with some forethought and making smart use of resources like commercial bridge loans to fill the small gaps is another factor that can simplify things a lot. As long as you’re responsible about the way you’re making use of these instruments and apply them to every appropriate situation with some logic and sensibility, you should be able to see great results in terms of how much you’re spending and what you’re getting out of those investments. Even if you’re renting and not flipping the properties completely, you’ll still see much better results when you make use of tools that give you more freedom and flexibility in your financial operations.

Meet New Demands Sooner Rather Than Later

When it comes to real estate, the market is constantly changing and evolving, and you’ll often find people demanding new additions and adjustments to their rental agreements and the properties as a whole. Make sure that you follow up on the more popular requests among those in a timely manner and don’t prolong your response in any way. The way this can affect your reputation – and subsequently your operations as a whole – is not to be underestimated, and you should make sure that you’re able to keep up with the demands of your properties as you keep investing into more of them.

It’s not that easy to maintain your momentum on the real estate market, especially if you have to meet certain conditions or if you’re working with limited resources. But as long as you’re dedicated towards the idea of making it happen, you should be able to see some fantastic results in the future, especially if you get lucky and make the …