Mixed Picture – Ups and Downs in Indian Real Estate Market

There is a mixed picture in the Indian residential property market at present with some locations seeing prices and sales rise while they are falling in others.

Chennai’s central business district has seen the highest price increases due to surging demand, according to NHB Residex, an RBI-supervised mechanism that tracks housing prices in 15 cities.

However, prices in North Chennai, most notably Tondiarpet, Perambur, Dr Radhakrishnan Nagar and Narayanappa Garden, saw a fall due to slow infrastructure development.

 

Despite the economic slowdown, high interest rates and inflation, prices of houses in the city’s hotspots of Anna Nagar, Kilpauk, Nungambakkam, T Nagar and Adyar have been rising. Prices in areas close to Nehru Nagar, Chepauk and Marina rose 62% compared to the quarter ending in June.

‘Chennai’s residential market is expected to see unabated growth during the next few quarters. Active demand will be concentrated in locations closer to the city centre,’ said a recent report Cushman & Wakefield. House prices in Chennai have jumped 9% in the third quarter compared to the June quarter.

Prices in Virugambakkam, Anna Nagar, Kilpauk and Nungambakkam have quadrupled since 2007, when the National Housing Bank (NHB) begun the Residex for Chennai. The demand for residential units in Chennai is likely to see a compounded annual growth rate of 11% during 2011 to 2015.

Real estate consultants blame limited supply and huge demand for property for the surge in prices in the central business district. The city, awaiting the metro rail, monorail and extension of MRTS, will continue to see demand for property near these infrastructure developments, and a surge in prices seems natural, they believe.

But a slowdown in demand for residential properties has affected Ahmedabad’s real estate market. The latest quarterly Residex figures point towards an overall dip of 4% in real estate prices for the third quarter compared with the previous three months.

The western part of Ahmedabad has seen a rise prices largely due to upcoming car plants on the Sarkhej-Sanand stretch, and the metro rail project.But other areas like Prahladnagar, Ambli, Bopal, Jodhpur, Satellite, Solagam, Shilaj road, Vastrapur, Vejalpur, Ambawadi and Chandkhedagam has seen 5.46% in the same quarter.

But in the western zone that prices fell by 9.38% between January and September this year while the northern part of the city such as Buddhnagar, Saijpur-Bhoga, Sardarnagar and Vishnunagar prices have increased by 10.77%.

The central zone saw a rise of 7.51%, which includes areas like Bhadra, Dudheshwar, Gaikwad Haveli, Girdharnagar and Wadigam. The steepest fall in real estate prices was in south zone at 26.11%.

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Vastu For Office

Vastu for office determines the efficiency of the work inside the office premises. Vastu principles help in the arrangement of office desk and office seating. Office is a place that has to be designed with the right procedural practice, as it gives an unbiased movement in work! If an office space is not designed as per the right vastu principles, then there will never be any balanced workout and progress. An office room that is designed without following the vastu principle will be less effective with effortless employees, disabled workman, owner might lose the power to manage or control his staffs, which leads to failure. Pursuing the vastu standards for office will ensure effective and efficient workout, and thereby proves to be a valuable asset to the company and much more.

Vastu for offices includes several different factors such as right office setup, office exteriors with respect to shape, slope, direction of various departments, location of the reception, placement of electrical gadgets, position of office desk, and many more. Apart from these, there are several other factors that you must take into your consideration about vastu for office. They are as follows:

• The direction of the office entrance way
• The right direction of the placement beams
• The right direction to fix the doors and windows
• The right direction and setup of the owner room
• The right direction for the employees to work

Set your office as per these vastu tips. It is sure that you will progress in all aspects of your work.

• The place of seat arrangement for managers, executives, and directors must be located in south, west, and southwestern direction of the office premises.
• As per the vastu principles it is really good to set the accounts department in southeast direction.
• The appropriate place to set the reception is in the northeastern direction of the office.
• With respect to vastu principles, it is good to seat the employees facing the north or eastern direction.
• The central portion of the office must be set empty.
• As per the vastu principles, it is good to place rectangular desk for the MD.
• Placing bore-well or fixing tank in the direction of south is not really recommended. This will affect the owner with less and insufficient cash flow.
• The best and right direction to keep the storeroom is on the northwest and southeast location.
• It is recommended to set the marketing department in the direction of northwest.
• Fixing of some idols or images of God and Goddess in the right location of mirrors will bring you improved financial gains.
• Setting a water fountain in the location of northeast of the office premises is really good and recommended.
• Placing an aquarium containing 1 black fish and 9 gold fishes in the location of northeast of the office premises is really good and advisable.

Individuals who have set their office besides vastu norms and principals will find themselves out from the assistance of natural forces. The principle motto of vastu is to excerpt the maximum goodness from the natural forces in order to gain improved energy levels in the every face of liveliness.

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Vastu Shastra – Vastu for Office

Enhance wealth and prosper your surroundings by implementing vaastu in office…

The science of vaastu, furnish their offerings in benefiting people in terms of name, fame and power in the commercial areas too. Hence, these offices should be built and designed meticulously. There should be correct balance of the energies everywhere in the office in order to get efficient labour from the employees and higher ability of working.

Here are few quick tips which when applied in your office, can benefit you in umpteen numbers of ways:-

• The exteriors of the office such as the location, shape, size, height and slope of the officebuilding must be taken care of before the building is created.
• Talking about the interiors, the architecture should be such constructed that it lets in all the positive energies from outside and hence helps in flourishing the business.
• There should be proper ventilation in entire office, the doors and windows must be opened for sometime every day. The boss should sit in south-west direction fronting either north or east.
• Marketing department must be in south-west where as pantry must be in south-east or north-west direction.
• Cashier must be in the north direction and reception in north-east direction for advancement in wealth.
• The direction and placement of AC, cooler, audio systems, electronic equipments, stairs etc is also crucial in vaastu.
• The placement of safe should be such that it faces north direction. This direction should be kept free from the heavy furniture.
• For prosperity, an aquarium with nine gold and one black fishes is considered very auspicious and must be placed in north-east direction.
• Placement of mirrors and idols of god and goddesses in their benefiting directions enhance and prospers the business manifolds.
• While entering the office, there should not be an empty wall. Side tables and telephones must be placed in south-west direction.

There are crucial directions for keeping files in offices. These tips must be implemented for optimal results. The income tax file should be kept in south-west corner shelf, import and export file in the north-west corner shelf, cash purchase file in south-west corner shelf, litigation file in north-west corner shelf, purchase file in south-west corner shelf and the sales file in north-west corner shelf, account file in south-east corner shelf, estate file in south-west corner shelf, shares file in north-west corner shelf.

Implementation of these tips in your home will lead to a growth and prosperity in commercial areas leading to satisfied lifestyle.

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Vastu For Plot

Building a dream home needs vigilant considerations and apart from the good architectural design and construction techniques, the location of the plot affects the energy of the residents through out life.
It is advisable to follow vastu guidelines while selecting a plot to make sure that the place becomes a healthful, energetic, cheerful and prosperous residence we all deserve.

1. Location of the Plot
2. Direction of the Plot
3. Shape of Plot
4. Color of the Soil
5. Adjoining Roads

Location of the Plot according to Vastu

The following considerations are useful for location.
• The site having fertile earth, fruit trees, flowering plants, grass is good for construction.
• The site without any source of ground water should be avoided.
• The site near temple ashram, school, college, hospital, graveyard, Garbage dump site should be avoided.
• If the plot is small, there should be no big tree like Mango, Banana etc.
• If the plot is big, building area should be far away from the tree.

Direction of the Plot according to Vastu

The East and North facing plots are appropriate for house construction. Care should be taken while designing the house facing West and South direction because some directions have positive impacts while the other have negative on occupants of the house. For example if the kitchen is in South-East, there are always good results on health. But if the kitchen is in North-East, the health is affected adversely.

Shape of Plot according to Vastu

Shape of plot matters a lot in the selection of land. The following are some shapes of the plots.
• The plot should be of square or rectangular shape. Ratio of width and length should not be more than 1:2 in rectangular plot. The square plot is the best.
• Plots having triangular, round shape, hexagon, octagon or polygon shapes should be avoided because these are not good for construction.
• Plots having an extended NE (North-East) corner is lucky.

• Gomukhi Plot is good for house construction. The plot narrow at front and wide at the back is also called low pressure plot. However, it is advisable to consult a vastu expert before finalizing the decision.
• Singhmukhi Plot is not suitable for residential purposes. Such a plot is wide at the front as compared to the back. It may be used for commercial activites . It is suitable for the residence facing the roads in eastern or northern side. Such a plot is also called high pressure plot. But it is advisable to consult a vastu expert before finalizing the decision.

Color of the Soil

Color of the soil is another important aspect which should not be avoided at the time of purchasing the plot. The following colors of soil are considered better for construction purposes.
1. Red
2. Yellow
3. White
4. Black

Red soil is suitable for executives who are engaged in administrative and legal services. These executives are usually employees of Government, armed forces or administration.
Yellow and Green is considered by shareholders, businessmen, bankers and by those who are directly related to commercial activities.
Usually White soil is preferable for intellectual professionals like doctors, engineers, teachers, poets, musicians, consultants etc.
Note: Black and clay soil is not good for construction.

Adjoining Roads

A plot adjoining roads at any of the four sides affects the life of family members. The affects of such a plot are given below.

Plot Having One Road

Roads From Results
East Good, Prosperous and Wealthy
West Average, Good for Business People
North Good for Women , Prosperous & Wealthy
South Good for Business Concern

Plot Having Two Roads

Roads From Results
North And East Very Good
East and South Good
South And West Average
West and North Good
North and South Average
East and West Good

Plot Having Roads on Three Sides

The plot facing roads from three sides is an average plot. It can be improved by leaving a passage at fourth side.

Plot Having Roads on All Sides:
The Plot having road on all side is best plot.

Plot Facing T-Junction: The Plot facing T or Y-Junction is not suitable for construction. It is inauspicious.

Plot at the Dead End of the Road: The plot is not appropriate for construction. It can be improved by extending the road up to the width of plot.

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Commercial Property Purchase – Needs a well Inspection…

As a real estate agent it pays to have a good approach to listing commercial property. A system to the process is a good idea. Not only will a system help you ask the right questions, but it will show your professionalism to the property owners.

When you are listing in a competitive market place it is highly likely that another agent or two will be inspecting the same property later in the same day. It thereby follows that the agent that is the most
professional in the inspection process is highly placed to win the listing.
When times are busy you could be inspecting 2 or 3 properties a day for the purpose of listing. So a property inspection process is valuable to you in your listing conversions. I split the process into 2 levels as below.

My inspection process of a commercial, industrial, or retail property could be similar to the following:

The Preparation

· Check out the property title ownership detail before you get to the property
· See if any encumbrances or rights of way impact the property and if so how
· Get a copy of the local survey plan for the street and area
· See what the zoning and building codes do for the property
· See if there are any orders or notices on the property at the moment in the local building authority office
· Research the property sale and rental history over the last few years
· Review the tenant mix and lease profile from known leases
· Get details of recent comparable sales and rentals in the area
· Look for comparable properties in the same area that may be for sale or lease now and that could impact the marketing of the subject property
· What vacancy factors exist in the property currently?

The Inspection

· Check out the boundaries for the property and proximity to neighbours
· Walk the local street to understand visibility and access to the site
· Look at the signage of the property for identity and impact
· Review the building improvements for suitability and function. Are they what the market wants today?
· Get a copy of the tenancy schedule for review
· Ask about building income and expenditure performance (especially if the property is for future sale)
· Walk through the property with the owner or landlord whilst asking questions about current property performance
· Review lettable space and common areas for practicality and operation of the property investment
· Look for any vacancies and see if they are dragging down the function of the other tenants nearby
· Ask about anchor tenants if they apply in the property and get copy of the leases to see the terms of occupancy.
· Take plenty of photos that can help you later with notes and review analysis

When you inspect a commercial property for the first time it pays to have all the facts researched before you get to the property. In the actual inspection get more details from the property owner on current issues and concerns. As a general rule do not price a property at the inspection. It is far better to take the inspection information away for greater analysis. You can then formally present your findings to the owner at a later meeting.

Preparation is the key to a good property inspection. It sets the scene for the later listing pitch with the property owner. When you know all the facts and you have fully researched the property it is far easier to close on the listing.

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Home Office Or Outdoor Office – Which is Good ?

Is a home office appropriate for every business? Of course not. But, if you’re creative and disciplined, I think the positives far outweigh the negatives. What do you think?

Let’s break down the home office debate into personal and business considerations:

The Business Case

A home office is much cheaper. For start-up or established business, paying rent, utilities, and other costs for an outside office create a significant monthly revenue threshold. Plus, while tax guidelines are fairly strict, you can deduct some portion of expenses you would have paid personally, prorating utilities, some maintenance, and even depreciating the portion of your home you use for a home office. (Keep in mind taking depreciation can make accounting and tax considerations a little more complicated when you sell your home, so look before you take the depreciation leap.)

Increased (and convenient) availability. I have clients around the world, so I often adjust my schedule to their time zones. With a home office I don’t mind phone calls during non-office hours since walking down two flights of stairs beats driving to an external office every time.

Show never equals go. A fancy space at a prestigious address may initially impress potential clients, but eventually you are judged on the quality of your products or services. If you do great work no one cares where your office is located.

Your home office can be a home-court advantage. An outside office is to a home office what an apartment is to owning a home. If you rent or lease you’re limited in the changes you can make to the space, and when your lease is up those improvements are often lost. With a home office you call the shots and the money you save on rent can go to improvements. My home office is about 1,300 square feet, has a great view of the mountains, and the office dog can hang out with me. I hate to think how much a similar commercial space would cost.

A home office is like an entrepreneurial litmus test. Many people feel they will lack self discipline and focus if they work from home. Sure, you may feel you need the motivation (and validation) that comes from having an outside office… but when your paycheck is based solely on your output motivation shouldn’t be a problem. If it is, owning your own business probably doesn’t make sense.

The Personal Case

Adds value to your home. Turning your dining room into a home office could negatively impact the value of your home, but if you re-purpose unused space, or better yet add on, you benefit personally. Plus home offices are very popular with home buyers. A local real estate agent told me at least 2/3 of her prospective home buyers list a home office as a “must have,” even if only for personal use.

It’s greener. No commute = fewer emissions.

A home office creates more family time. One person left this comment on Michael’s article: “I just didn’t have the heart to turn away my 3-year-old daughter who was excited to have daddy at home all the time.” I understand the feeling, but think about it: Home office or external office, you’re not available. The only difference is you don’t have to face the fact your daughter misses you when you work from an external office; either way, she misses you. On the other hand, time spent commuting is family time lost. If your one-way commute is twenty minutes, that’s at least 160 potential family hours gone — forever.

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Which is Better – Apartment Vs Independent House

WHAT IS THE BUILDING CONSTRUCTION SCENE IN INDIA TODAY?

Growth and prosperity of an economy, to an extent is reflected in its physical appearance. In the last few decades the Indian economy has witnessed hectic and massive construction activities, new structures have been raised, townships have evolved and housing especially in the apartment segment has multiplied exponentially. And so today people have a lot more choices when looking for a house.

COMPARE AN APARTMENT WITH AN INDEPENDENT HOUSE IN INDIA?
APARTMENT: Nowadays most of the immigrants coming into cities are buying apartments for the following reasons:
The exorbitant cost of land and the headaches involved in getting it registered under their name.
People find it easier to buy an apartment from well known builders since the land registration problems are already taken care of.
Moreover, the society will look after things like power, water, utilities etc; leaving the apartment owner free from worries on that front.
In addition, apartments do have some perks like in-house gym, swimming pool, health clubs etc
Children have access to a secure play area.
Also, there is a feeling of security in an apartment complex.
The common areas and landscape are well maintained.

INDEPENDENT HOUSE: However given a choice, most people in India, will still prefer to construct their own independent house for the following reasons:
An independent house gives them the feeling of independence as they do not have to share common areas.
An independent house has space all around for gardening or any other activities.
The house owner can have it built expressly as per his requirements and to his liking and with his choice of materials and finishing.
The house owner has the option to add floors or increase the area of the building as the need arises.
The house owner can get additional income from renting out part of his premises.
The house owner need not pay monthly maintenance amounts.

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Bangaluru – After IT now its Real Estate Hub

Bangaluru has over the years gained immense popularity as the hub for IT industries in India. With great opportunities like world class education, working environment, living standards it is not wrong to mention it as the “The Silicon Valley of India”.
Many non-Bangaloreans now call the city their home. It is interesting to note that over 10,000 dollar millionaires and about 60,000 super rich people are currently living in the city with huge investments to make. All these have made Bangalore a hot spot for Real Estate Market, both Residential and Commercial.
Residential market has seen some significant action with many developers like Prestige and Sunil Mantri, Sobha, rolling out new projects in micro market segment. Some of the key areas in Bangalore, where the residential demand has picked up, are Sarjapur Road and Whitefield, Doddakanenahalli and, Jayanagar.
The supply is growing in line with the revived commercial real estate demand. Latest report from Cushman & Wakefield implores that the total projected supply for the current year is 12.42 million square feet of office space, more than twice the supply delivered in the year 2009.
Indian Market Research Bureau (IMRB) conducted a survey among 5 cities, amongst individuals aged between 25-39 yrs, stated that Mumbai and Bangalore are the most preferred places to live as the cities provide the best quality of life as well as the most courteous people. Bangalore is also identified as a city which is in the process of development on multiple counters – numerous projects have been initiated in areas of Infrastructure, Power, Water, and Sanitation.
All this indicates that this will be a good investment destination, hence attracting FDIs and NRIs fund flows as time goes.

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How To Find an Apartment

Finding an apartment to rent is a really time consuming and essential venture. It may seem like a challenging task in the beginning, but when one takes the time to become educated on the apartment options, the experience will be a lot more enjoyable. A lot of people fail to examine apartments completely, and have a clear idea of what they want. Consequently, the apartment shopping experience can frequently be discouraging. Looking for certain key elements in an apartment could make yield higher satisfaction.

When searching for an apartment, it’s always best to have an idea of what you want. Figuring out certain price ranges before you begin taking a look at apartments will save you a lot of time. Additionally, take into consideration what kind of apartment you would be enthusiastic about. How many bedrooms and indoor square footage an apartment has is very important to most people. Also, try to get at least some kind of idea of what type of neighborhood you are searching for. When searching for an apartment, you want something which will fit your needs.

Also consider the location. Location is very essential because of schools, jobs, and neighbors. Some apartments may appear extremely appealing, but are located in inconvenient places, or in bad neighborhoods. A few neighborhoods have too much noise and high crime rates. Better apartments will be far removed from these unpleasant elements. Sadly, the more expensive apartments are usually the apartments in better locations. This is an unavoidable fact, and ought to therefore be taken into consideration when searching for an apartment. Don’t let prices scare you into renting an apartment in a bad neighborhood.

Consider the owner and manager of the apartments. Learn if they have good reputations. The best managers are there for their tenants, and are always prepared to assist. The best owners charge a fair rent and avoid increasing rent. Some of the best owners will offer the best deals on appliances and services. When visiting an apartment, don’t be afraid to ask tenants what they think about the landlord and owner. If all of the reviews are positive, then you may have uncovered the apartment for you.

Look for apartments that have similar neighbors. If you’re a bachelor, then you might enjoy having neighbors who are single. If you have kids, then it is always a great idea to search for a family-oriented apartment complex. If you live close to people with comparable backgrounds, you’re more likely to form friendships, endure fewer conflicts, and have a much more fulfilling living experience.

Finally, think about the look of the apartment. Some apartments appear lackluster and seem filthy and unappealing. A good owner will take pride in his or her apartment complex. The best apartment complexes have good landscaping, paint
jobs, trees, and many other attractive elements. Most individuals want to be happy with where they live. Searching for a well run, appealing apartment is always a great idea.

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Real Estate – Growing India

Indian Real Estate Market has grown with time. The main reason for the accelerated growth can be contributed to the fact that the industry is very flexible in nature.

The development has caused higher aspirations for better standards of living and a good quality of life.Real estate whether Residential, Commercial, Retail is being developed on full scale in many different cities of the country.

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