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Showing posts with label 3 bedroom flat in dwarka delhi. Show all posts
Showing posts with label 3 bedroom flat in dwarka delhi. Show all posts

Thursday, 17 December 2015

Bengaluru, not Mumbai is preferred real estate

Bengaluru has overtaken Mumbai as the most preferred real estate investment destination in India, according to an report jointly published by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC). The report titled ‘Emerging trends in real estate Asia Pacific 2016’ said Bengaluru is emerging as the real estate capital of India.

The report is based on the opinions of more than 400 internationally renowned real estate professionals including investors, developers, property company representatives, lenders, brokers and consultants.

“If someone has Rs 10,000 with him, he would rather put his money in Bengaluru than in Mumbai because you get more affordable apartments at that price in Bengaluru. Also, the investor is confident of the price appreciation in Bengaluru due to the absence of speculation,” Bhairav Dalal, partner, Tax and Regulatory Services, said.

He also said the e-commerce and startup boom in Bengaluru is driving office space absorption, which in turn is resulting in residential demand as well.

Interestingly, the survey also quoted a local consultant as saying: “What we’ve seen for the first time during the last 12 months is that firms that were originally based out of Delhi, Pune or Mumbai, grew to a $ 600-700 million valuation and were in the race for a $ 1 billion valuation have been pushed by their venture capital backers to relocate to Bengaluru, because that’s where you find the critical mass to be able to ramp up your business”.

Monday, 14 December 2015

Expertspeak: Housing for all a game-changer

India is on the verge of large scale urbanisation. Around 31% of the population lives in urban areas and contributes over 60% to the GDP. It is projected that they will contribute nearly 75% to the national GDP in the next 15 years. Cities, therefore, are referred to as engines of economic growth. Ensuring that they function efficiently is critical. The real estate sector will play a crucial role in shaping the Indian economy. Here's a glimpse of trends which will dominate the sector:

Affordable homes: The 'Housing For All by 2022' initiative is a potential gamechanger. Economic recovery is expected to gain momentum, driving the demand for affordable houses.

Smart cities: The government's decision to develop 100 smart cities and rejuvenate another 500 cities is a bold step. Smart cities will see businesses migrating to new cities due to cheaper land, labour and property resulting in even distribution of population over a wider area.

Real estate — the early bird advantage

When can you make money in real estate? You probably can if you buy really low, strike a bargain and get a great deal, or if you are lucky with an investment you never thought would really show double-digit appreciation (for this, you need to have already made the purchase at a price that seems like a real bargain in retrospect).

Bargain buys
A recent JLL report quotes an official saying that project sales are typically spread out at 18 per cent at the time of launch, 55 per cent during construction and 27 per cent on project completion.

It is usually the 18 per cent who make the real killing. But normally, retail buyers looking for a home to live in find investing in such projects premature, given the long delivery timelines.

Builders usually sell a significant portion of the property to early investors to bring in cash early to fund the project construction. Such sales are often at huge discounts with these investors looking to cash in on a resale usually at the pre-launch stage.

With the current slowdown in the real estate market, the need for cash may prompt a few early bird investors to sell at a slight discount to the prevailing prices, opening the doors for retail buyers to seek bargain buys.

Saturday, 12 December 2015

Govt to make fresh bid for passage of GST, real estate bills

Government will make a fresh bid to pass crucial bills on GST and real estate in the last week of the Winter session amid signs of some thaw with Congress on the key economic reform measure.
The legislative and financial business proposed next week includes a discussion on the issue of price rise in both Houses with emphasis in Rajya Sabha on rising price of essential commodities, including foodgrains in the country.
A discussion is also likely on the issue of “growing intolerance endangering the unity and diversity of the country”.
While six bills each have been passed and introduced in Lok Sabha, the Rajya Sabha has passed only one bill.
10 Bills passed by Lok Sabha are still to be taken up in Rajya Sabha. In the Lok Sabha, government has proposed to take up nine items of legislative and financial business during next week, a statement by parliamentary affairs ministry said.
Of these, time has been allotted for seven items. A heavy agenda of 16 items is due to be taken up in Rajya Sabha which lagged behind Lok Sabha in transaction of business this week due to disruptions and forced adjournments.
Four hours have been allotted for the passage of the GST bill, three hours for real estate bill and two hours for anti-graft measure, the whistleblower bill.
Prospects of a forward movement on GST appeared in sight on Friday with the government giving some proposals to the Congress and expecting a response by Monday when Parliament meets again with just few working days left for the Winter Session to conclude.

Real Estate Bill offers a glimmer of hope for builders but it's indeed a buyers' market

The real estate stalemate that has been going on for long will perhaps clear off quickly much to the relief of the industry people as the Union Cabinet has given its green signal to the Real Estate (Regulation and Development) Bill, 2015.
A key stipulation of the Bill, to ensure timely execution of projects, will go a long way in safeguarding the interest of consumers, and in the long run, keep the real estate markets brimming with active demand.
Mumbai real estate gains in momentum. AFPAFP
Of late, the market has been dull, lacking velocity in sales and an umpteen number of projects failing to meet deadlines. The developers have been crying about procedural delays as the major factor affecting the project execution timings.
To put it bluntly, the real estate market has been stagnant. The National Capital Region (NCR) alone has a number of stalled projects because of slow demand and certain economic factors. A Knight Frank report states there are more than 6 lakh unsold units in the country, and at the current absorption rate, it will take more than 2 years to clear even if no projects are launched.
There are reports, however, of some progress. For example, residential sales in Mumbai have climbed up. Ramesh Nair, COO & International Director, JLL India says, “The aggregate of residential unit sale in Mumbai in previous four quarters has jumped up 28% when compared to the corresponding period one year ago.”
In other regions however, sales have been sluggish across the country. According to Surajit Chanda, regional head, Sobha Ltd. (Pune), sales velocity has slowed down in the city. “The market is going through stress. And buyers are taking more time to buy. Primary demand is between 30-70 lakh segment all across the country. In the premium segment, say 1 cr and above, there is certain movement, but not as is expected,” lamented Chanda.
Pinning down one of the causes of the real estate distress, Chanda remarked, “Developers have over leveraged themselves. They picked up more than they can chew.”

Wednesday, 9 December 2015

Four Seasons Los Angeles creates edible real estate for children’s cause

Four Seasons Hotel Los Angeles at Beverly Hills, CA is letting consumers take a bite out of its property with help from “Million Dollar Listing” star Josh Flagg.

The hotel’s executive pastry chef Federico Fernandez has created a chocolate replica of the property, along with 20 gingerbread mansions, with all of the edible real estate being sold to benefit Toys for Tots Foundation. The whimsical nature of this charity campaign will help remind participants of the cause they are supporting, perhaps stirring memories of their own childhoods.

Now taking bookings
The chocolate hotel and gingerbread mansions took weeks to create. The property recreation is complete with the hotel’s pool and miniature guest vehicles waiting outside the lobby.

Rooms can be “reserved” for $550, while the mansions are on the market for $5,000 per house. Interested consumers can coordinate a property sale through the front desk of the hotel.

Flat rates in Varanasi Commercial Property for Sale in Varanasi Residential Plots for Sale in Varanasi

After Cars, Quikr Promotes Its Real-Estate Vertical ‘Quikr Homes’

Classifieds, a newspaper segment that is either the most read one or the most abandoned one for select Indian households; read by the needy ones and ignored by rest of the population.

The sector underwent a complete make-over ever since classifieds went online. Reports suggest that between 2002 to 2012 newspaper classified ads went down to 71%, thanks to the Internet. Now another report says that the online classifieds industry, which was worth Rs 1,800 crore in 2013, is expected to go up to Rs 4,500 crore by 2018.

No doubt the online classifieds have grown, not just in figures, but otherwise also. Now classifieds are more customer-centric - they think of your ease; accessible - just a touch away and of course divided in various platforms - verticalized.

Quikr, one of the top industry players and also the architect of verticalization, which had popularized its 'Quikr cars' lately, is now taking up another vertical, 'Quikr Homes'. With the launch of two TVCs, conceptualized by Interface Communications, Quikr has entered into real-estate market.

The smart money is getting out of real estate

Real estate investing is all about timing, and Sam Zell knows this better than anyone.

He sold his real estate firm, Equity Office, to Blackstone Group for $39 billion near the peak of the market. This was back in February 2007—only months before real estate credit markets started to spiral out of control.

He’s doing it again.

At the end of October, his real estate fund, Equity Residential, agreed to sell more than 23,000 apartment units to Starwood Capital for $5.4 billion. The sale represents over 20 percent of the Equity Residential portfolio.

The fund plans to sell another 4,700 apartment units in the near future. Most of the proceeds will be returned to investors in the form of a dividend sometime next year.

Another real estate fund managed by Zell, Equity Commonwealth, has sold 82 office properties worth $1.7 billion since February. The fund plans to raise another $1.3 billion by selling off more properties over the next few years.


Tuesday, 8 December 2015

Cleaning up the worst industry for scams and ripoffs - real estate

Back in 2012, Tanya Cheng’s finances weren’t doing great. Despite having the better part of a decade’s experience in investment banking and derivatives, she lost a good deal in the stock market – “I bought all the right things, but didn’t sell when I should,” she says. To recoup her losses, Tanya decided to get into real estate.

What she found was a world of shady deals, ripoffs, scams, and outright lies. Nobody trusted anyone – and for good reason. She visited 12 countries within one year to take a look at properties and became more convinced that the entire international real estate industry was in need of a drastic clean up.

“I was shocked to find out that international realtors would provide misleading info or overcharge expats in Hong Kong, and how Chinese agents do the same to Chinese buyers,” she says. “It’s not just buyers that don’t trust real estate agents: the agents don’t even trust each other.”

Monday, 7 December 2015

Real estate shares in focus; Sobha up over 5%

Shares of real estate companies are trading higher on the bourses in an otherwise subdued market after Godrej Properties announced that it has received a good response for the Mumbai project.

Sobha, Godrej Properties, Prestige Estates Projects, DB Realty, Housing Development and Infrastructure (HDIL), National Buildings Construction Corporation (NBCC) and Indiabulls Real Estate are up 1-6% on the Bombay Stock Exchange (BSE).

At 12:15 PM, the S&P BSE Realty index was up 0.79% as compared to 0.13% decline in the S&P BSE Sensex.

Godrej Properties has rallied 5% to Rs 352 on the BSE in intra-day trade after the company announced that it has sold 300 apartments within one week at The Trees, its flagship project in Vikhroli, Mumbai.

“This represents more than 80% of the 374 apartments it opened for sale in the first phase of this project. The value of apartments sold is in excess of Rs 700 crore, making this Godrej Properties' most successful ever launch in terms of value of real estate sold. This is also one of the country's most successful recent launches,” Godrej Properties said in a statement.

Sobha, the largest gainer among real estate pack, was up 6% at Rs 319 on back of heavy volumes. A combined 157,359 shares have already changed hands against an average sub 80,000 shares that were traded daily in past two weeks on the BSE and NSE.

Read Full Story: Real estate shares in focus; Sobha up over 5%

Saturday, 5 December 2015

Real estate transactions, Dec. 6, 2015

Following are seller, buyer, property description and price of property. Note: price is an estimate based on revenue stamps that are bought from the county.

Rock Island County warranty deeds

Freeman, Carl Jr., Silvis, to Erickson, Robert D., East Moline; 2230 Merry Oaks Lane, East Moline; $165,000.

Bickett, Jonathon L. and Monica, Winnebago, Ill., to Johnston, Corey and Deborah, Moline; 331 16th Ave., Moline; $87,000.

Buckrop, Margery, Moline, to Nesbitt, Gerald and Sheila, Rock Island; 2804 25th Ave., Rock Island; $45,000.

Dowell, Christopher, Taylor Ridge, to Freyermuth, Mark, Taylor Ridge; 13818 143rd St. W., Taylor Ridge; $185,000.

Zerull, Joe and Erin, Geneseo, to Dial, Kimberly R. and Hurd, Morgan D., Moline; 1175 26th St. A, Moline; $110,500.

The Village at Deer Meadows, Moline, to Gary Hodge Inc., Moline; vacant lot, Silvis, Hampton Township; $28,000.

Kirik, Steven P. and Christina K., Bettendorf, to Perez, Anne and Tim R., Moline; 3419 49th St. and 4501 34th Ave. A, Moline; $231,675.

Ineichen, Craig J., Muscatine, to Leemans, Tom J. and Elizabeth A., Taylor Ridge; 9700 108th St. W., Taylor Ridge; $198,000.

Citifinancial Servicing, O'Fallon, Mo., to Slade, Steven and Jeannette, Bettendorf; 916 34th Ave., East Moline; $55,000.

Smith, Willis H. and Judith K., trust, Milan, to Falk, Alan and Christal, Hillsdale; 11601 3rd St., Milan; $175,000.

Vrombaut, Alan J. and Krista L., to Eads, Sarah L., Rock Island; 2441 McMillan Court, Rock Island; $67,000.

Affordable offers push festive home sales up 15%

Home sales in Indian cities jumped up to 15% during the Dussehra and Diwali festive season as direct discounts offered by developers on affordable homes found a lot of buyers. 

According to industry insiders, housing sales increased 10%-15% year on year this festive season although the resale market is still waiting for any signal of an uptick. The growth, however, comes on a low base because the housing market had a dull festive season last year. 

"Discounts were available and that did work to prompt fence sitters to act," said Pankaj Kapoor, managing director at property research firm Liases Foras. "Affordability was the most important factor that worked for some developers and projects. In Mumbai, properties launched with price tag between Rs 1-2.5 crore gained the traction, while in extended suburbs across Mumbai metropolitan region Rs 30-70 lakh price category worked," he said. 

Roanoke College poll shows sellers optimistic about real estate market

While Virginians feel good about the current real estate market, there are some concerns about its future, according to a new Roanoke College poll.

Overall, 57 percent of Virginians believe market conditions have improved since last year and just 20 percent believe that the landscape has worsened. For the past three years, polling has shown that there is usually a seasonal dip in optimism among people looking to buy or sell a home this time of year. This year, the dip was slightly less than it was in the two previous years.
 Click here!

“Additionally, 50 percent believe that conditions will improve over the next year, down two points since August,” the poll said. “Fifteen percent believe that the market will decline in the coming year, up one point from last quarter.”

Looking into 2016, sellers were more optimistic, citing low mortgage rates. Sellers were 28 percentage points more optimistic than pessimistic about next year, up slightly since August.
Buyers, the poll showed, felt positive about the current real estate market across every region in the state. However, buyers were less optimistic about next year, especially in Northern Virginia. The poll said many were concerned about rising home prices and interest rates.

The poll of 603 Virginia residents was conducted in November. It’s part of a series of polls regarding attitudes about Virginia’s overall real estate market.

Government to push for passage of GST, real estate bills next week

With repeated disruptions in second week of the winter session putting its legislative agenda on the back burner, the government has proposed heavy business in both Houses of Parliament next week, listing key legislation like GST and Real Estate bills for consideration and passage. 

It plans to pass six bills in the Lok Sabha and seven in the Rajya Sabha next week. Of these, two bills are already listed in the Lower House and three in the Upper House. 

Friday, 4 December 2015

Quikr acquires real estate analytics platform RealtyCompass

Online cross-category classified business Quikr has acquired RealtyCompass, a real-estate analytics platform, to enhance its offerings in the property space.
The platform provides builder ratings and detailed project analysis to end-consumers and investors to help them in making informed decisions.
Quikr will continue to invest and develop the RealtyCompass platform by adding project approvals, social sentiment analysis and user credit score, among others.
Founded by Nimesh Bhandari, Sankara Srinivasan and Alok Mishra in 2013, RealtyCompass will now be a part of QuikrHomes, it said in a statement.
"Real estate is a key category for us. We have been keenly developing some innovations that have the potential to reshape the market landscape and the acquisition of RealtyCompass will help us bring more such solutions to our users," said Pranay Chulet, founder and chief executive of Quikr.
Ratings and user recommendations on RealtyCompass platform are derived from over 100 data points about the projects and builders.
"RealtyCompass addresses the needs of the evolved home buyers and investors who seek better decision making tools and it also complements our offerings to consumers," Manish Sinha, head of QuikrHomes, said.
This is Quikr's second acquisition in the real-estate space as it seeks to strengthen its QuikrHomes vertical.
It recently made an investment towards acquisition of Indian Realty Exchange (IRX), a mobile-first aggregator of real estate agents, in a move to step up long-term engagement with the broker community.
Quikr has also invested in A N Virtual World Tech, the company that runs hyper-local search engine providing 360-degree street views under WoNoBo.com, part-owned by Indian geo-spatial technology company Genesys International Corp.
QuikrHomes currently connects customers from over 1,000 cities and towns across India and it helps conclude two lakh plus transactions per month.

Friday, 27 November 2015

Weak construction, real estate demand hurt Cera Sanitaryware

Cera Sanitaryware Ltd shares have slipped around 22% since mid-April over concerns of a slowing real estate and housing market. They had, however, touched an all-time high in April on expectations of upbeat revenue growth buoyed by the government’s cleanliness campaign—Swachh Bharat Abhiyan for building toilets.

It is the unorganized companies that have benefited from the programme so far, because of lower costs. “Only when the capacity of unorganized players reaches 100%, the organized players will get the benefit,” said Abneesh Roy, associate director, institutional equities, at Edelweiss Securities Ltd.

A few analysts have scaled down Cera Sanitaryware’s revenue growth forecast. They estimate around 16-17% revenue growth in the second half of FY16 compared with 18-20% guidance given by the management.



Tuesday, 10 February 2015

Regalia Colors Housing - 2 BHK, 3BHK, 4BHK FLAT

Housing a Group Housing Society Launched a project in the upcoming FIRST SMART CITY OF INDIA located in L Zone (Next to Dwarka), Delhi. The City will be a showcase to the world with state of the art transport and infrastructure, Commercial, Financial and Educational Hubs, 24x7 electricity and water. Also, enclosing a link to a clip which can showcase you how its been planned. This is first of its kind development in the National Capital - Delhi. Thus a BIG TIME OPPORTUNITY for Consumers to"OWN A LUXURIOUS DELHI ADDRESS PROPERTY".


Availability Of Membership
Memberships shall be approved and allotted purely on a first come first serve basis.
Payment Schedule
  1. The payment shall comprise of two parts : Land Cost and construction cost.
  2. The Land cost amount shall be deposited at the time of booking along with application forms duly filled and accompanying documents. payment plan (CLPP)which will be designed and shared with all members prior to the commencement of construction.
  3. All members will be required to strictly adhere to the CLPP.
Cost Escalation
  1. The land Cost amount shall be fixed on date.
  2. There will no escalation with regards to the Land cost. The Construction Cost amount has been derived based on the estimated price of Construction materials in 2015.
  3. This estimate also takes into consideration the expert advice from the architects.
  4. However, if in case there is any major escalation in the cost of the materials, this will be incorporated into the costing which shall shared proportionately among members. The same shall apply in the case of any additional charge being levied by any competent authority.
Possession Time Frame
  1. Based on the current indications and actions by DDA it is estimated that construction will begin in 2015.
  2. The pace of construction is expected to progress swiftly and completion time frame shall be 36‐48 months from the start of construction but the same may vary depending upon the clearances and approvals mandated by law and the actions of DDA.
A member has the option to surrender his/her membership by writien application and the procedure of submission of respective documents will begin along with original share certificate.


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