Area Of House – Understand The Terms And Language

Buyers of real estate should be very aware of what the builder or seller implies when he talks about area. What area is inclusive of and what it is not is the first clarification a buyer should seek.

For instance, a builder may tell a potential buyer that his quote is based on an area covering 3,000 sq ft. And, it may seem like a bargain. But what the buildermay be referring to is super built-up area while the unfortunate buyer is under the assumption that it is the amount of area he will get in his apartment.

TYPES OF AREA

Carpet Area :

Carpet area is the least inclusive. It will tell you exactly how much of space you will have in your home. It is literally defined as the exact area within the walls of your home. To illustrate, if you had to lay out a wall-to-wall carpet, how much area would it require? That’s carpet area.

Built-up Area :

Built-up area goes one step ahead and includes carpet area and the area being occupied by the walls of your home. Hence, the total area of your home including the area of the walls.

Super Built-up Area :

Super built-up area is what builders often talk about. It is inclusive of carpet and built-up area. It also includes all the area under common spaces – the apartment’s proportionate share of the lobby, staircase, elevator and corridor outside the apartment.

The confusion arises over the fact that what is exactly included under this definition is left to the discretion of the builders. Some may even include the terrace, security room, electrical room or pump room.

The total area of these “extras” is taken into account and divided by the number of apartments in proportion to their size.

What you must be aware of :

Old buildings generally have a higher percentage of carpet area (around 80%) to total area as compared to new buildings, where it could be as low as 65% to 70%. So when you compare quotes, compare carpet area to carpet area, notcarpet area to super built-up area.

Speak the same language as your builder. There is no fixed ratio of super built-up to built-up or carpet area. The market practice is that the ratios are on the super built-up area and are marked down. That means, if the super built-up area is 100 and the carpet area 80, the latter is 80% of the super built-up area. Generally, the ratios in the market are 70:30 (super built-up to carpet). But, builders have been known to go as low as 60%. So a quote on a 3,000 sq ft apartment could mean a carpet area of anywhere from 1,800 sq ft to 2,400 sq ft.

Always ask the seller exactly how much the super built-up area and the carpet area amount to. And then ensure that this break-up appears in the Agreement of Sale.

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Real Estate 2011 – How it is going and How it will Go???

After one and a half years of gradual consolidation, real estate in India has fathomed its own comfortable ground, and is poised at the right threshold to take a giant leap in years to come. While a differential pace of strengthening is evident across sectors, geographies and segments, several property market indicators point to the fact that the industry has indeed bottomed out in the current cycle. The fears of a possible double dip recovery have given way to beliefs in the sustained healthy levels, if not a rapid growth.

The experience thus gained in this slowdown is invaluable and will serve real estatestrategists for years to come. The various stakeholders in the entire supply chain – the material manufacturers, developers, property consultants, occupiers, investors and policy makers, have all emerged stronger and primed than yesteryears. And, if we have taken our lessons right, ‘caution’ and ‘diligence’ would be the keywords for the industry in the medium term.

On one hand, the stakeholders can’t afford to sway on the riding waves of healthy demand, and lose the ground advantage that they have so painfully regained by adapting to the rapidly changing business environment. And on the other, the emerging opportunities should be targeted with an unmatched fervor of potential and pragmatism.

The year 2011 would usher a new decade of opportunities for Indian real estate, which will be a test of sorts for its stakeholders between these two fringes of the fulcrum. And the winners would be the ones who balance caution with diligence evaluating all the potential opportunities with pragmatism.

Outlook: Commercial Real Estate

◦Office rents to start appreciating after mid-2011
◦More outright purchases by occupiers as well as private equity players
◦IT/ITES and BFSI would continue to account for 60-70% of office demand
Outlook: Residential Real Estate

◦Launch of premium products to continue, albeit at a slower pace
◦Launch of Ultra Low Cost (ULC) Housing by private developers – ‘Housing for all’
◦Large number of launches would continue to be in the range of INR 2,000-3,000 per sq ft at the leapfrogged suburban locations
◦Impact on affordability will influence the price and absorption dynamics
◦Sustainability to gain focus as the industry looks forward towards IGBC Green Homes standards
Outlook: Retail Real Estate

◦More collaborative models such as revenue sharing to emerge in the sector
◦Rents to remain stable except select prime locations
◦Large number of malls slated to become operational
◦Retailers would continue to expand beyond Tier I into Tier II and III cities
◦More international retailers to venture into India.

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Affordable Housing – Resolution of New Decade

Affordable housing will continue to be in focus in the second decade of the millennium, withthe NCR playing a critical role in throwing up new destinations.
As the economy is likely to maintain a growth of around 8%in the coming decade, it will witness a sustained growth in the real estatesector with affordable housing continuing to be in focus. The National CapitalRegion (NCR) of Delhi, in particular, will see a number of new destinationscoming up. But, unlike the last decade when Delhi region did not contributemuch to the housing development, the new decade will witness a large number ofhousing projects being developed here.
At the same time, a number of townships will come in the NCRregion to meet thedemand for housing and commercial space. The last decade witnessed anunprecedented rise in the activities in the sector. Not only did constructionactivity increase substantially, the prices also went up manifold. The growthmomentum was so strong that it could withstand the global financial crisissuccessfully, albeit with the help of the government’s stimulus package. RBI’sdecision to reduce interest rates also helped in this regard. But, the maindriving agent in the revival in the second half of 2009 was the developers’strategy in building affordable houses. In this, builders built two- andthree-bedroom apartments with lower specification at up to 40% lower pricesthan what they used to sell only a few months ago.
CMD of CB Richard Ellis, South Asia, Anshuman Magazine,says, “In 2010, we can expect to see some sustainability in the residentialmarket as activity levels have improved. On the office market front, demand isexpected to improve, although rentals are expected to remain flat in the mediumterm due totheforecasted surplus supply of office space.” Samir Jasuja, CMD ofPropEquity, a realty research firm, says that Delhi will emerge as the centreof planned development in the coming decade with the new Master Plan cominginto effect soon. The huge land bank in Najafgarh in Southwest Delhi, Brijwasanand Chhattarpur in South Delhi, will be released under the new Master Plan ofDelhi. Similarly, a large tract of land will also come up in the marketplace inNorth Delhi. He says that thousands of acres of land are likely to be releasedunder the new Master Plan.
Jasuja said that the most heartening thing is that unlike inthe past, the new decade will see development in these areas by privatedevelopers. This will bring in development of modern condominiums withamenities like swimming pools , gyms, security systems and car parking lots.
As 2000-2009 saw the development of areas like Indira Puram, Vaishali, Vasundhara andCrossings Republik, in the East of Delhi in Ghaziabad, Sector 44 and 93A& B in Noida and MG Road, Sushant Lok, Golf Course, and DLF Phase II, IIIand V in Gurgaon and Nahar Paar area in Faridabad. Many of these areas wereunheard of, before 2000. Similarly, 2010-19 will see a hectic development ofnew areas like Noida-Greater Noida Exressway, Crossings Republik, Raj NagarExtension on National Highway 58 in Ghaziabad, and Noida Sectors 34, 50, 45,128 and 134 will emerge as the new development centres in the new decade. InGurgaon, the new areas that are likely to come up are Sohna Road, Golf CourseRoad Extension and Pataudi Road. Sonepat is also likely to emerge as a newdestination for residential market.
Samir Jasuja says that under the new Gurgaon-Manesar MasterPlan, around 1,50,000 residential units will be developed in the area. Out ofthis, around 10,000 are at the implementation stage by various developers. Therest will be developed in the coming years. Besides this, the introduction ofthe concept of ‘township’ will expedite the constructionof residential units. The development of townships will allow privatedevelopers to share the onus of development of infrastructure. So far, only thegovernment agencies used to develop infrastructure, which results in a slowpace of development. With this, the supply of housing units will get expedited.
The good news is that such a huge supply of housing unitswill stabilize prices. Global realty consultancy firm, Knight Frank, in itsreport on India’s residential market says that given a general stability of marketsaround Delhi and the supply expected in this part of the NCR until 2011, it isreasonable to expect residential prices in Delhi to remain relatively stable oreven increase, if demand in the region significantly increases due to betterinternal connectivity.
The report further says that several infrastructureinitiatives around the NCR are expected to boost residential options throughaugmenting connectivity and decongesting traffic within certain locations. Ifconsumers are attracted to small markets around the NCR due to betterinfrastructure, the subsequent decongestion of demand in the region couldalleviate the upward pressure on prices in locations like Gurgaon and Noida,which are becoming increasingly attractive residential options.
The 2010 Commonwealth Games had also played an important role in improving connectivity to different parts of the city through the MetroRail. As far-flung areas like Greater Noida, Faridabad, Kundli and Gurgaon arelikely to be connected by the Metro, the travel time to these places will comedown drastically.

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Shyam Raj Residency – Pleasure of Living near the God…….

Shyam Raj Residency, An exclusive apartment complex at Khatu Shyam Ji. A delightful blend of modern lifestyle with subtle and spiritual hues, Shyam Raj is the devotee’s dream come true.

Shyam Raj Residency is a low rise residential project with a twist of contemporary architecture. The project comprises of 7 Towers with 50 units in each tower, numbering to a total of 350 apartments in the 1st. phase. Apart from quality residential units, the complex also has beautiful landscaping with a children’s park and other recreational facilities.

Shyam Raj – Project Features

Earth quake resistant RCC structure.
Low rise building with low maintenance charges.
Optimized layout for sunlight and air circulation.
Common dining and kitchen.
Landscaped gardens with fountains.
Fully furnished option.
Ample green area.
Rainwater harvesting system.
Dormitory for drivers/servants.

Shyam Raj – Facilities & Services

24 hours secuirity.
Meditation/Yoga Hall.
Community hall.
Pure veg bhojnalaya.
Vedic spa.
Separate play area for children.
Temple in the premises.
Convenience shops.
Badminton court/TT room.
24 hours cold & hot water facility.
Easy access to flat (lift facility).
Superior quality plumbing fixtures.
Concealed fire retardant electrical wiring.
100% power backup for common areas.
Vitrified tiles/marble flooring.
Granite counters in kitchen.
Modern firefighting system.
Cab facility to & from Jaipur.
Laundry facility.
Rent facility through WPCL.
Doctor on call.
Housekeeping facilities as per requirements.

Shyam Raj – Connectivity

Shyam Raj Residency is nestled amidst acres of green, agricultural land, offering a pure and healthy environment. The complex is well connected with approach roads from Chomu and Ringas Highway
and yet is at a comfortable distance from the expressway traffic.

For more info please feel free to Contact us.

Vikas Ahuja
9829012409

Mukesh Sharma
9001096161

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Home Loan for NRI – Simple Guidelines to make your home in India

You may have valid passport of India and other documents which proves that you are an Indian, but due to various reasons you may stay abroad for employment, have a tentative project, go on business or vacation. You have a dream to construct your house in India so that once you get back to India you can stay at your own home. No worries! NRI loans are made available through Reserve Bank of India norms. Any one who is residing outside India but holds an Indian passport will be considered for this type of loan.

Purpose of Non Resident India home loans are:

-For the purpose of construction of a house
-To carry out repairs and rennovations
-Buy a new or old flat or house
-Revamp your bed rooms, kitchen or courtyard etc.

Your needs are varied and there are home loans customised for Non residents Indians too. You may want to see a renovated house when you get back home by seeking fro funds from your hometown. Appoint some supervisor who will undertake all your house or flat renovation work on your behalf. When you are back from a foreign place, you can stay relaxed in the cozy comforts of your newly renovated home.

You can make use of your existing house as a security to pledge against your mortgage or secured loan. Have all your house documents in place so that you can carry out your loan transactions at ease while you are abroad. There are certain conditions that you need to satisfy such as:
Income Tax act of India states that:

You must have been in India for a total of one year or more

Or

You must have stayed for 182 days during the assessment year

If you satisfy any of the above conditions as stated in the provision of income tax you will qualify for these not so common or special loans. Make use of your existing residential property and release its equity to obtain a secured loan for your home needs.

Like any other normal house loan, you need to satisfy certain basic criteria such as credit score, collateral and housing loan documents. Besides this, you must have a valid Indian passport to prove that you are a resident of India and must have stayed for 182 days during the assessment year. If not, you must have stayed any time for a total of one year in India.

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Non-Resident Indian ( NRI ) – How & Where To Invest ????

For a non-resident Indian (NRI) who has been away from home, there are many investment options across various categories. However, while other investment options can be timed, investments in real estate have to be planned well in advance, as time and costs overrun to acquire the property will be high. The input and labour costs are increasing.
While the short to medium-term investors can shop around for developed plots in order to hedge their bets, long-term investors should invariably look at apartments or villas depending on their family size and future requirements. A number of projects ranging from apartments to villas and penthouses are being launched at various locations across the city. With improved connectivity and transportation network, investments in such projects are bound to appreciate in the coming years. Those who do not immediately require a home for their occupation can minimise their initial funds outflow by opting for greenfield projects. Even an investor opting for an apartment to rent out can go for a similar project to minimise the initial liability and also phase out the payment plan.
For returning NRIs, the timing is appropriate to look at ideal options and strike a bargain deal for investments in residential projects that would be ready for occupation in a year or two. The continuing liquidity crunch has necessitated developers to tap private sources outside the banking sector in order to fund ongoing real estate projects.
This is where investors who can mobilise substantial down-payments by raising cheap funds from abroad can leverage their bargaining capacity. As part of the festival season offers, a number of developers and housing finance companies in Bangalore are offering pre-EMI interest-free options while investing in select residential projects.

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Jaipur Property Club – Grow with us

Jaipurpropertyclub.com is a very quickly growing real estate & property firm and portal. Its first ever property portal of Jaipur city and now we are representing all over Rajasthan. Jaipurpropertyclub is No.1 seated property portel of Rajasthan. We deal in all kind of Builder’s projects and properties.

At here you will find all projects of builders working in Jaipur and Rajasthan, all kind of properties, residential and commercial property, house, flat, multistory apartments, builders floor apartments, plots, lands, agricultural lands, commercial shop, showroom, office, commercial land, industrial land, industrial plot, industrial shed, factory, hotel, hostel, paying guest etc.

Also some more features like – Home Loan, Home Insurance, Moduler kitchen, Furniture, Modern Furniture, Vastu, Feng Shui, Architect, Interior Designing, Marble & Tiles, Marble & Granite etc.

So come and grow with use.

For more details :-

Contact at : contact@jaipurpropertyclub.com
Call Us : 0141-4014411, +91 – 9829012409, 9001096161

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Benefits of your own House

It’s cheaper to buy a house than rent one. Living in a rented house is not easy because one should follow the rules made by the landlords. Many landlords will also interfere in the personal life of their tenants. But if you buy house you can live with your own conditions.

Buy house from a big builder is not always gives you the profit, it doesn’t matter whether the builder is big or small, some of them are only here for making money, they don’t bother about the loss of others they always try to make benefit for themselves by hook or by crook. So it’s better to aware yourself by asking from your friends or relatives and the best way is to take the aid of internet. Doing proper research is necessary for the buyer before investing the hard money in buying house.

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