How To Update Your Kitchen

dewsburydirect.info1If you are in the process of renovating a recently purchased home or if you are looking to modernize your current home, then be sure to focus on your kitchen! Kitchens are a focal point of any home, and can make or break a sell. This means that having an excellent kitchen gives your home excellent value, personally and financially! Many studies on the real estate market and home values have shown that the return on investment is greater when renovating a kitchen than when making any other possible change to your home. In other words, money put into a great home kitchen is not just money spent, it is money wisely invested.

When you are looking to update your kitchen on a budget, or if you have the budget to build the kitchen of your dreams, focus first on excellent, handmade, high-quality cabinetry. The craftsmanship and style of good cabinetry will age well, keeping its structural integrity and beauty. So when you need kitchen cabinets in Troy, MI, look no further than a cabinetry distributor with a wide selection of quality cabinets and experts who can find the right style and pieces for your project.

First, though, you must make these considerations, so that you can shop smart and find exactly what you need to pull off a beautiful, functional kitchen design.

1. Avoid Excess Details

If you currently have cabinets with wallpapered doors, excess trim, mismatched features, or unusual design qualities, then it is time to replace them. You can still have lovely detailed cabinets, though; contemporary, sleek styles are not for everyone, nor do they suit every home. Have an expert help you combine elements to be sure that the details on cabinets, such as trim and columns, all match each other and are suited to the kitchen design you have in mind. Thankfully, if you are looking to go contemporary, then you have an easy task: find sleek lacquer cabinets that are simple and functional, not distracting.

2. Develop a Cohesive Design

As discussed above, your cabinets will need to suit each other, and be suitable to your design. However, it is important to be sure that the design you have in mind is in fact cohesive. Traditional wooden cabinets with plenty of flair do not suit a cute, beach front style home. Be sure that your kitchen reflects the architecture of your home, but also modernizes it. This may sound like a difficult task, but when you feel lost or confused, go to style magazines or sites like Pinterest for inspiration. You can even take an exact picture to your cabinet distributor to find exactly what you are looking for. An expert can also help you combine cabinets that are similar to each other, ensuring that your overall design has a cohesive look.

3. Avoid Tacky Features

Overly gaudy features, like excess wine racks, chalkboard finish on cabinets, or pastel-colored cabinets will cheapen the appearance of your kitchen. It is okay to be playful with the style of your kitchen if you so choose, but be sure to eliminate features that would not appeal to other people, such as your guests.

4. Be Practical

Your kitchen should be useful. It needs the proper amount of storage space, counter space, and work space for you to be able to accomplish many different tasks in your kitchen. The proper amount of cabinetry will ensure that you always have room to accomplish the work you need done, and will ensure that you can keep your kitchen neat. If you are an avid chef, then you will need space for plenty of equipment as well as room to put things away so that your precious counter space is not filled with appliances, tools, or other clutter.

When you are ready to take on your kitchen design project, be sure that you seek out quality kitchen cabinets in Troy, MI, as well as other quality materials, and your design or renovation will not only be simple; it will actually be fun!

How to Start Your Overseas Real Estate Portfolio

dewsburydirect.info2Real estate is a tried and tested asset class and the majority of people agree that as a long term investment commodity there is nothing really to beat it for consistently returning strong growth and increasing yieldshowever, when a country’s housing market goes temporarily cold as real estate prices move outside of the affordability gap, real estate investors often look overseas for the development of their property based portfolio.

Currently the real estate markets in countries such as the UK and US are slow and the ability to profit from property locally is reduced – therefore more people than ever are thinking about moving their focus abroad and starting an overseas real estate portfolio to enable them to build a passive income for life.

If you would like to learn more about building a passive income for life from investing in overseas real estate here are the main five considerations to bear in mind to maximize profit, reduce risk, increase yields and capitalize on opportunities as they present themselves but before we begin it is always prudent to mention that the value of any investment can always go down as well as up, and that investment decisions should be taken carefully and be made with the assistance of qualified and experienced advisors.

Tip One – Real estate markets around the world emerge, boom, go bust and re-emerge all over again, but they do so at very different points in time as each market is heavily dependent on the current state of the economy in the given country. As we all know economies ebb and flow like the tide and there is no such thing as a guaranteed market where property prices will keep rising. However, there are countries in the world going through major economic change where the real estate market is emerging and where the long term forecast is for a period of prolonged growth. An investor who is not risk averse and who is planning an overseas real estate portfolio should try and identify which countries have a strengthening economy and an emerging real estate market.

Tip Two – Having found an emerging market an investor needs to determine the key factor that makes an investment into real estate in the given country a good decision. I.e., if a country’s property market is simply booming because of hype and an investor can see nothing to support the long term success of the market then they should walk away. If an investor can see massive room for growth but an interfering government who may attempt to restrict property investors from taking their profits then an investor has to decide whether or not they can still make enough profit from real estate to make any investment worthwhile.

Tip Three – Having determined that there is potential within a given market an investor needs to learn how to harness the power of other people’s money! As real estate is an expensive and slow to liquidise commodity it is unwise to pay cash from personal funds for an investment property, rather it’s wise to raise finance at a low interest rate from a secure financial institution. An investor should look into whether an international mortgage or a local mortgage is possible and affordable when buying overseas real estate.

How To Master Property Valuation Of A Self-storage Facility

dewsburydirect.info3The numbers have been crunched, a broker has been hired, and the marketing has begun. Its official: its time to sell the self-storage facility. Whether its retirement, cashing out on a successful investment, or simply a search for a new business challenge, many self-storage professionals are busy navigating their ways through the murky waters of commercial real estate buying and selling. And those waters are becoming increasingly rough. The real estate slowdown and equities market woes seem to lead the evening news nightly, and many self-storage investors are left wondering how well their properties will fare on todays open market.

With this in mind, pricing is becoming an increasingly important part of ensuring a successful sales transaction. Of course, pricing a self-storage property correctly is easier said than done. Over the past several years, values assigned to self-storage facilities have increased dramatically as the asset class has become more desirable to investors.

Class A properties have become especially pricey as more institutional investors have entered the self-storage market. Looking at the sales prices from previous years, many believe values will continue to rise exponentially, while others feel their areas have topped out and even become overpriced. This adds to the overall confusion over what the correct asking price is for a self-storage asset.

Determining Price
It is important to carefully examine the facts and data to determine a facilitys real value. Generally, net operating income is the driver of value of an existing self-storage property, says Pierce Owens, senior associate at CB Richard Ellis in Houston, Texas. However, many people calculate net operating income in different ways. For example, some buyers include a third-party management fee in calculating income. There are many different opinions as to what the right net operating income should be.

Not so long ago, many buyers used projected rent and income figures to determine a self-storage propertys value. However, this practice has become less common. Buyers now have more of a focus on historical performance, rather than more of a focus on historical performance, rather than a rosy proforma, says Owen. With the current credit market, most lenders will no longer provide funding based on future estimates. Instead, they focus only on actual net operating income figures.

A propertys place in the market also has an affect on its value. In an area with huge barriers to entry and a high cost for building new facilities, a property may be worth more than a similar store in a less restrictive market. In addition, the number of nearby competitors and the stores name recognition are also important indicators of overall worth.

Another methodology for the valuation of self-storage property involves the use of optimal underwriting. With optimal underwriting, buyers determine the appropriate expense load a facility should carry, says Steve Ekovich, first vice president, regional manager, and national director of the self-storage group at Marcus & Millichap in Tampa, Fla. The expenses would then be factored to derive a CAP rate. Next, income figures are calculated using both the gross potential rent of the facility and the sites current vacancy rate. Both physical and economic vacancy rates are analyzed as well.

You have to look at the collected income on a monthly basis for two to four months to get a feel for occupancy, Ekovich says. This takes into account the length of time it takes to turn the units and concessions offered to tenants.

The result effective gross income would then be analyzed using the expected expenses for the new owner, including taxes, insurance, and management fees. In addition, salaries, maintenance expenses, and comps would also be studied to ensure they are in line with current market averages. These numbers all serve to give the new owner a realistic picture of what their expenses will be.

Looking At The Market
Over the past few years, self-storage prices seemed to skyrocket. There was an 18-month period where the laws of supply and demand took over, explains Aaron Swerdlin, senior managing director at Houston, Texas-based Storage Investment Advisors. At that time, there were many more buyers than sellers.

As a result, prices rose dramatically, and many people believed property values were ballooning too quickly. There is perception that prices were going so high that things were getting out of hand, says Swerdlin. But, for a long time, self-storage was ignored by the institutional investment community. Once it caught on, it took a while for values to catch up. People werent overpaying or making deals that they shouldnt be doing. We werent seeing properties selling for more than they should.

Investors are still actively pursuing self-storage properties in spite of the current real estate slowdown. One reason for this is that capital is generally less expensive for institutional investors than it is for private individuals to obtain. Another driving force behind the influx of investors includes the fact that self-storage is both a business and an investment.

There are more groups looking at self-storage than there were three ago, says Marc Boorstein, principal at Chicago, Ill.-based MJ Partners Real Estate Services. One of the reasons so many new groups are looking to invest in self-storage is that there are fewer defaults in storage than in any other commercial property. Youre not dependant on one tenant like you are with retail.

Many investors believe that self-storage is more stable than other business classes. Investors like self-storage because they perceive that the risk adjusted profile on returns is attractive compared to other assets, says Owens. There is also a perception that self-storage is more recession proof than other assets.

For the most part, however, institutional investors tend to target the newer properties located in the largest markets. Over the last couple of years, institutional investors have increased their appetites for Class A, fourth-generation properties, Ekovich says. The more leverage you have, the more someone can pay for an asset. Leverage also affects the CAP rate and has had a profound affect on underwriting.

Although institutional investors seem to be focusing most of their attention on Class A self-storage facilities, Class B and C properties are also seeing a bump from investors new found interest in the industry. There is a pretty big disparity between Class A properties and Class B and C, says Owens. As the industry welcomed an ever increasing number of new participants, sellers of A Class sites were getting top dollar whenever properties changed hands. Nevertheless, the supply of these assets is limited. There are not a lot of Class A properties, says Owens, so buyers end up chasing B Class properties.

Last year, the price gap between Class A and B was narrower, he adds. This year, it has widened more. Banks and lenders have much tighter underwriting standards today, and they are most likely to lend on very attractive Class A properties.

Knowing The Players
Occasionally, institutional investors will go after a grouping of B and C class properties. Institutional money is going after B properties, but only if you can get a portfolio together, says Boorstein. As you get to smaller markets, you must have a portfolio of three or more properties. It gives the buyer a presence in the market and the advantages of economies of scale.

If self-storage sellers believe their properties will attract the attention of commercial investors, they should set their asking prices accordingly. Sellers need to have a strong understanding of who their buyer might be-a private individual, a regional buyer, or an institutional investor, advises Owens. They should also know how a lender will underwrite and lend on their property.

In general, buyers prefer to use debt financing when possible. However, the cost of funds and debt is going up and, as a result, CAP rates are climbing. Sellers need to understand how that plays into what buyers can pay for the property and how it will be funded.

The benchmark is the 10-year T-bill, and the T-bill has gone down but spreads have gone up, causing interest rates to increase, Ekovich says. The more leverage you have, the more someone can pay for an asset. Leverage also affects the CAP rate and has had a profound affect on underwriting.

With the problems of tightening credit standards, sellers are unlikely to see the same type of debt structures available that were easily attainable only several months ago. Today, most buyers must use more of their own money to close a deal. You used to be able to get 10-year interest-only financing, but now you can only get interest for 2-years, says Boorstein. Very aggressive loans are now less aggressive. Now, the buyer has to put in more equity, and interest rates are higher.

In spite of credit concerns and a softening real estate market, many buyers are still aggressively pursing high-end self-storage properties. Sellers with solid portfolios or successful Class A properties are still likely to garner strong offers. However, sellers who are simply interested in testing the waters may not like what they find. The choppy tides can be extremely unfriendly as property prices have dropped off in some areas.
Nevertheless, the best stores will always attract the attention of a variety of buyers, ensuring smooth sailing for those who are staying the course to get the highest prices and best returns when selling their self-storage facilities.

Charlotte Country Club Living In Providence And Piper Glen Country Clubs Of Nc

In this article, were going to have a look at not one, but two of Charlottes finest country clubs. These are set inside a ten minute drive of one another, and they are in the south side of Charlotte, NC. The country clubs we’re going to explore are Providence Country Club, and The Piper Glen Country Club. We will start out with the Providence Country Club.

Providence Country Club began in 1989. It is famous for its spacious yards and magnificent properties. The Providence Country Clubhouse is a grand structure of Georgian style, offering personal conference rooms, the Carolina Ballroom, dining room, lounge, fitness center and Pro Shops for Tennis and Golf fanatics. This is a very dynamic organization with the help of pros and clinics readily available for golf, tennis and swimming-instructing the novice athlete to the highly skilled sportsman.

Club membership includes the Dan Maples 18 hole golf course, 12 clay tennis courts, and three swimming pools: an impressive 10 lane competition pool; Junior Olympic pool and wading pool. Nearby, the handy Turn House Grill offers a variety of food and snacks. Property owners aren’t forced to be a part of the Providence Country Club, yet those that do not, still pay HOA fees of about $450 per year. Social gatherings inside the neighborhood include things like the 4th of July Fireworks; Music on the Lawn, along with a variety of sports oriented camps and pool parties.

Providence Country Club households can be found in a large selection of models and pricing. There is a mixture of single family homes, semi-custom homes and custom homes in the neighborhood with prices that vary from $400,000 to $1M.

By comparison, youll discover quite a few divine homes throughout the Piper Glen Country Club. Gorgeous custom homes sculpted into the rolling terrain. This is home to the TPC at Piper Glen. The magnificent 35,000 square ft clubhouse sits high upon one of many hillsides overlooking the course and lakes. The club house has both casual and fine dining rooms, in addition to banquet and exclusive meeting spaces. Full service locker rooms along with club storage are on site. Plus, it has an award winning Golf Shop. Piper Glen features eight lighted clay tennis courts, and a Junior Olympic sized swimming pool.

The estate sized homes provide an average square footage of 4500-5500 and an average price of $1.5 Million. The full range of homes is noticeably different with an average living area between 3000 to 9000 sq. ft and prices going up to just under $4 Million.

If this is more home than you want to handle, but you love the country club approach to life displayed here, then, by all means, have a look at these pocket communities to be found within Piper Glen:

The Ninth at Piper Glen provides three level townhomes brimming with style, some looking over the greens and the clubhouse. The measurements for the townhouses in here will average between 2000 and 2400 sq ft and prices around $300K.

Greenhurst at Piper Glen delivers full brick one level homes with average heated living area of 1200 to 1500 sq ft; with prices which range from $200K to $250K. The home-owner association dues in this area covers trash, water/sewer, insurance, lawn and landscape maintenance, the upkeep of the community common areas, swimming pool, clubhouse, plus an exercise room. It is a gated community with 24/7 security services.

Carriage Homes at Keswick in Piper Glen have attractive townhouses with average heated living area is between 3,000-4,500 square feet with prices which will vary from $350K-$450K; within walking distance of The Shoppes at Piper Glen. These are hardly ever available for sale.

The Greens at Piper Glen provide high quality homes on sleek and stylish lots, with, lawn care including grass mowing, given by the HOA. Your common living space is between 3000 and 4000 sq. ft, many with master suites on the main level. Home prices will cover anything from $400,000 to $600,000. This is also a secure gated community within Piper Glen.

This area in south Charlotte has more shopping then you can imagine. You’ll have access to several shopping centers featuring stores like Target, fantastic restaurants, sports cafes, fitness centers, financial institutions, grocers, movies etc.

There are also a number of other golf courses in the area, which we will be highlighting along the way. Charlotte NC is a golfing region due to the fine weather it so often has along with its beautiful terrain.

Erp For Construction Industry

Now a days members of the Engineering, Construction, Contracting, and Real Estate industry are facing biggest challenges and need to meet todays market demands. Biggest challenges are like estimating the cost of construction, manage their assets, their suppliers, subcontractors, HRMS and financial management systems.

Different departments are maintaining the data in different sources by using different files. For example the accounts department was maintaining a software package, and other departments were using excel sheets and not linked to accounting software. And all the times, much of this data available in site offices which was not connected to head office.

Whenever there is a demand of any data or reports, all the departments have to dig out the information, and consolidate it in to report. All these process of collecting data from different departments and consolidating it to reports done manually. This lengthy manual process will badly affect to the decision making process.
A centralized approach to manage data aggregation and dissemination is needed to ensure the long-term value of these firms.

QUADRA ERP is Researched, Designed, and Developed by construction functional experts with technical excellence of software professionals. Over 20 years of construction domain experience of the team has equipped to deliver world class solutions for this complex ECCR&O domain. Specialized knowledge on the requirements of the business practices of the industry gave leverage to the development of a comprehensive and integrated ERP package coordinating all the activities of ECCR&O Industry.

Quadra is an ERP Solution for ECCR&O which integrates all major activities and monitors entire processes in continuous basis. Its a functional software package, which automates workflow between departments with in built control.
The entire system of Quadra comprises well-defined modules for executing and managing different processes in construction. All modules integrated with one another. The Quadra ERP for ECCR&O comes up with below mentioned modules.

PRE CONSTRUCTION:
The initial processes involved in a project are taken care of. The following modules such as Land, Liaison and Legal modules are covered in this section. The land module deals with the matters involved in the initial survey to the final purchase of the land. The legal module helps in having a follow up in all legal related matters. The liaison module helps in automation of work from one department to another.

CONSTRUCTION:
The engineering module contains all the major activities that occur in a project. There are many modules with the help of which the working becomes much easier. Some of the core modules which will fall under the construction section are Tender Bid Management, Estimation, Contractors Billing, Materials Management, Labour Management, Plant and Machinery, Contract Sales Billing, Fixed Asset Management, Project Scheduling, Reporting Tool, MIS, Dashboard and many more modules.
POST CONSTRUCTION:
The post construction section basically deals how a product can effectively keep up the confidence of the clients by managing the assets and by keeping good relations with the customers. The modules which play a major part in the post construction section are lease and rental, project maintenance, and after sales.

FINANCIAL ACCOUNTS:
Finance is one of the major areas of concern for any company to decide on the ongoing processes and for the future projects. Quadra gives you complete financial management solution. The integrated finance with other modules with the automatic postings gives user to manage, track and maintain financial health of the enterprise. The module offers depth of functionality in accounting, reporting, and financial analysis. This is comprised of Chart of Accounts Creation, General Ledgers linking to company, Tax masters, Opening Balance entry, Cash Budgeting, Voucher Entry, Voucher Posting, Bank Reconciliation, Inter-Company Fund Transfer, Accounts payables and Account Receivable.

HRMS:
HRMS system takes care of the human resource and payroll functions of an organization. Functions performed by Quadra HRMS includes Consultant Definition, HR circulars, Notifications, Awards to employee and Disciplinary action against a employee , Job Vacancies code creation, Man power request from other departments, Applicant Registration, Scheduling the interview, Employee Appraisal, Employee Training, and Employee Portal.

CRM:
In todays competitive business scenario, holding on a successful customer is as critical as finding a new prospect. The activities which involves sales and marketing are also a part of efficient CRM. This Module helps the company to track all pre sale and sale activity right from the enquiry to the closure of sale. This module helps to take care of all marketing activities and its budgets. This module comprised of Enquiry Management, Client Management and Marketing Financials.

CONCLUSION:
All the data and information should be accurate, timely and consistent. More importantly, an ECCR&O organization needs a standard and complete integrated system to consolidate and handle the data. Lack of such complete integrated system may affect badly for ECCR&O organizations in the long run.

Current Property Rates Of Mumbai

The financial capital of India, Mumbai has always been the leader in the indicative prices of the Indian real estate market. Even during the slowdown, Mumbai is the frontrunner when it comes to property. In the past as well, it has shown a record rise in real estate prices at par with some of the highest property prices in the world. That is why Mumbai is called the Manhattan of India.

It is not only the residential market of Mumbai that boasts of skyrocketing property prices but the commercial market of the city as well touch the sky. But these days, due to the slowdown, the city is witnessing a correction in prices both in residential and commercial markets. In fact, it is the best time to buy a property in the city with the developers offering lower prices and discounts. Also, one should consider buying property now with lower interest rates on home loans provided by banks.

The real estate prices as well as the increase in rental values in Mumbai can be credited to the large scale investments in the commercial sector and the residential sector. Mumbai has always been the favorite spot for the corporate sector for developing their headquarters in the city. Besides that, increasing investments by MNCs in the IT, ITES and the BPO sector have led to a growing demand for office space; which as a result have created an imbalance in demand and supply for residential property. The rental values in Mumbai are also high in comparison to that in other metros and cities.

The retail market of Mumbai also witnessed a huge hike in prices during the boom in the real estate market. In fact, it is one of the foremost cities to be hit by the retail buzz. With the coming up of the retail market, there has been an increasing demand for retail properties in the financial capital of India. This increase in demand has created a viable market for mall space and other kind of retail stores and showrooms. These retail stores and malls are either owned by a business or some brand outlet or leased for hefty prices as their demand is usually very high.

Mumbai has been ranked seventh among the most expensive cities in the world to carry out a business and to live in.

Although, the prices of different kinds of property in Mumbai differ from location to location, the following is an indicative list of realty prices of both the residential as well as commercial spaces in Mumbai.

Here are some indicative rates to apprise you of the market conditions.
Prices in South Mumbai in April 2009:
Cuffe Parade – Rs 20, 000 62, 000 per sq ft
Churchgate Rs 18, 000 30, 000 per sq ft
Marine Lines Rs 14, 000 22, 000 per sq ft
Malabar Hill Rs 20, 000 65, 000 per sq ft
Napeansea Road Rs 20, 000 65, 000 per sq ft
Worli Rs 18, 000 45, 000 per sq ft
Prabhadevi Rs 13, 000 24, 000 per sq ft
Mahim Rs 8, 500 14, 000 per sq ft

Prices in Central Suburbs in April 2009:
Byculla Rs 8, 500 11, 000 per sq ft
Wadala Rs 5, 000 8, 000 per sq ft
Sion Rs 6, 500 9, 500 per sq ft
Kurla Rs 4, 000 6, 500 per sq ft
Powai Rs 4, 500 9, 000 per sq ft
Chembur Rs 3, 750 7, 000 per sq ft
Ghatkopar Rs 4, 500 7, 500 per sq ft
Bhandup Rs 3, 750 6, 000 per sq ft
Mulund Rs 3, 750 7, 000 per sq ft
Thane Rs 4, 000 6, 000 per sq ft
Dombivalli Rs 1, 400 2, 500 per sq ft
Kalyan Rs 1, 400 2, 200 per sq ft
Ambernath Rs 1, 100 1, 600 per sq ft

Prices in Navi Mumbai in April 2009:
Vashi Rs 3, 250 5, 500 per sq ft
Airoli Rs 2, 500 4, 000 per sq ft
Kopar Khairane Rs 3, 500 5, 000 per sq ft
Sanpada Rs 3, 000 5, 000 per sq ft
Nerul Rs 3, 000 5, 000 per sq ft
CBD Belapur Rs 3, 000 5, 000 per sq ft
Kharghar Rs 2, 000 4, 000 per sq ft
Kalamboli Rs 1, 400 2, 200 per sq ft
Panvel Rs 1, 800 2, 700 per sq ft

Prices in Western Suburbs in April 2009:
Bandra (E) Rs 7, 000 11, 000 per sq ft
Bandra (W) Rs 16, 000 28, 000 per sq ft
Khar (E) Rs 7, 000 11, 000 per sq ft
Khar (W) Rs 13, 000 18, 000 per sq ft
Santacruz (E) Rs 9, 000 12, 000 per sq ft
Santacruz (W) Rs 12, 500 18, 000 per sq ft
Vile Parle (E) Rs 7, 500 11, 500 per sq ft
Vile Parle (W) Rs 10, 000 17, 000 per sq ft
Andheri (E) Rs 6, 500 9, 500 per sq ft
Andheri (W) Rs 6, 500 14, 000 per sq ft
Jogeshwari Rs 5, 000 8, 000 per sq ft
Goregaon (E) Rs 4, 500 7, 000 per sq ft
Goregaon (W) Rs 4, 800 7, 000 per sq ft
Malad (E) Rs 4, 500 7, 500 per sq ft
Malad (W) Rs 4, 000 6, 500 per sq ft
Kandivli (E) Rs 4, 500 7, 500 per sq ft
Kandivli (W) Rs 4, 500 6, 500 per sq ft
Borivli (E) Rs 4, 500 6, 500 per sq ft
Borivli (W) Rs 4, 000 6, 500 per sq ft
Mira Road (E) Rs 1, 800 2, 500 per sq ft
Naigaon (E) Rs 1, 200 1, 800 per sq ft
Vasai (E) Rs 1, 100 1, 800 per sq ft
Vasai (W) Rs 1, 000 1, 800 per sq ft
Virar Rs 1, 100 2, 000 per sq ft

Delhi Residents Cheer About Third Floor Ruling

The Supreme Court has allowed an extra third floor in Delhis residential apartments. Are citizens heaving a sigh of relief and how will it impact the Delhis residential real estate market?

Delhis property market is estimated to have about 5 lakh residential plot owners and the Supreme Courts move is expected to impact at least 50 lakh Delhiites. According to MCD sources, plotted residences in the capital house over 40 lakh people and the construction of additional dwelling units would provide accommodation to an additional 10 lakh people.

The SC not only allowed construction of third-floor dwelling units but also allowed them to achieve the liberalised FAR (floor area ratio), offered under Master Plan 2021.

However, there is a rider to this order that affects residential property across Delhi. While allowing property owners to build the additional third floor, the SC has also decreed that the owners have to give an undertaking to abide by the final orders of the court when it gives its verdict on the new Master Plan and the validity of the Central government notification allowing increased commercial activity along selected streets in Delhi.

The other issue that experts are concerned about is whether this flip flop by the Supreme Court in allowing extra residential property units has actually pushed aside the genuine concern that increasing the number of residential property units on a street will lead to increased pressure on the infrastructure that has to cater to the residents of the area. The car parking, sewerage, water supply and various other back-up services to residential property units remains unaddressed.

Present chief Secretary of Delhi, Rakesh Mehta, in his former stint as the Municipal Commissioner of Delhi had evolved a radical new solution to addressing the problem of infrastructural facilities to rapidly urbanising areas. His team had come up with the notion of local area planning where the occupants of the area determine its residential property profile and penalties for unauthorized use would be used to upgrade facilities in the area.

The present Supreme Court order only seems to indicate that the Supreme Court is aware of the acute residential property shortage that the city faces and the need to think out of the box for solutions. But if it does not address issues head-on there may be further trouble in store.

Dunedin Real Estate Your Dream Property Is Within Your Reach

Sometimes referred to as the southern gem, Dunedin is the South Islands second biggest city, characterised by a unique Scottish feel and architecture imposed on it during the time of New Zealands colonisation. Surround by beaches, forests and dramatic scenery, Dunedin is noted for its youthful and charismatic population being attracted by the educational and tertiary facilities contained within. With a population of just over 125,000, the city is one of the best preserved Victorian and Edwardian cities in the Southern Hemisphere. Becoming a desired location for students, families and businesses alike, the demand for Dunedin real estate is increasing at above average rates.

According to the latest Quotable Value New Zealand figures, southern Dunedin real estate figures have surged, recording the highest percentage increase in the country. The southern region extends from Waverley to Green Island, including the suburbs of St Kilda and St Clair. The figures illustrate that the area has experienced an increase in home values by 8.7% with an average sale price of $264,000. Likewise, Dunedin overall, showed a 4.9% increase in property values with the average sale price rising to over $276,000.

The increasing prices are a direct result of increasing demand. As many of the main centres in New Zealand are experiencing continued growth in house prices and valuations, Dunedin is presenting itself to many as an attractive option. With the average house price in New Zealand just a little under $410,000, properties in Dunedin represent real value in the marketplace where many families are struggling to find suitable and affordable housing options. According to Glenda Whitehead from QV Valuations, some of the increase in market activity in Dunedin is due to a rise in purchases by existing homeowners, who realise the benefits of purchasing prime real estate at well below national averages.

There are many advantages to purchasing Dunedin real estate, apart from the scenic and natural beauty that the city is surrounded by. With the security of tenure, you will be able to enjoy the cycle of the real estate market, accessing capital gain as the property naturally appreciates. If, like most kiwis, you enjoy a little do it yourself (DIY), then additional capital gains can be achieved through renovations. There is nothing like the sense of pride that comes with homeownership. The freedom and ability to personalise your property to suit your tastes and requirements has long been an aspiration of nearly all New Zealanders. However, with the current price hikes in property prices, renting is fast becoming a reality for many who cannot afford the deposit or repayments on their first home. However, Dunedin is offering the consumer real value and choice. Why not consider a move to a new place, where the people are friendly, the amenities are first class and most of all, your dream property is within your reach.

Chandigarh – The Garden City

Chandigarh – The Garden city or the City of fine-looking is commonly recognized as richest city of India. It is one of the finest examples of premeditated construction with an essence to it. The title Chandigarh factually explains itself in the “The Fort of Chandi”. This was phrased since the city was situated close to a place of worship of Goddess Chandi which also had a fort in its region. The Hindu Goddess Chandi signifies Shakti or influence which was what faithfully Pt. Nehru desired to explain to the world.

The Le Corbusier a French architect was designed and constructed Chandigarh Real Estate. He planned the properties on the blocks of the human body with every part representing particular vicinity. The complete city is designed and is reflected on to be solitary among the cleanest cities in the state. Chandigarh property is single among the seven Merger Territories of the country and presents as a capital for two affirms, Punjab & Haryana, correspondingly. In properties, there are two satellite towns, Panchkula and Mohali which are situated on the fringe of Chandigarh.

The Beautiful City or the Garden city is the tourists heaven also which indicates numerous regions for impressing investors or are overwhelming and appealing enough for a revert to. Each region has its personal importance and dissimilarity forces the visitors or investors to visit and invest all the places among properties in Chandigarh.

Chandigarh is one of the most vegetation cities and this is because of the charisma of copious and plentiful gardens estate and parks to be found at diverse zones in the metropolis. One of the most momentous magnetisms in the cities is the gardens and parks blotched in the whole estate.

Chandigarh Property have their impression in two phases, one is investments phases which is depends on investors and second is attractions phases which is possible by visitors or tourist both phases are important for increasing the properties demand in Chandigarh.

The invest able regions in Chandigarh are the Defence County, Zirakpur, Panchkula, Mohali and many more in form of Residential Apartment, Independent House/Villa, Residential Land, Independent/Builder Floor, Farm House, Serviced Apartment, Studio Apartment and others.

The visit able regions in Chandigarh in form of Garden are Nek Chand Rock Garden, Sukhna Lake Garden, Zakir Hussain Rose Garden, Chandigarh Botanical Gardens, Terraced Flower Garden and etc. in both cases weather it was investments or attraction Chandigarh is the first so it is called the Garden city of India.

Top Ways to Ensure That Your Property Will Sell By Choosing the Right Real Estate Agent

When you want to sell your home, the object of the exercise is to be sure that you sell it rapidly. You don’t want to be waiting three or four months time in order to attain the change of residence. You’d prefer to get out of the mortgage and have it all over and done with in record time.

In order to attain the goal, which is to sell your home quickly, you are going to need to be sure that all of your “ducks are in a row” so to speak. Getting a fast sale means planning ahead and assuring that you have all of the elements that combine to give you the best chance to sell your home.

The top five ways to be sure that your home sells more quickly are:

Be certain that your real estate agent is reliable. Test your agent by asking questions about other properties on their website. Email the agent that you are considering and ask them questions on the website. Do they contact you back in a relatively fast turnaround time? Was their response not only timely, but was it well written and professional? Did they answer all of the questions that you asked them in a timely way?

Was the communication helpful and did it strike you as friendly and welcoming? Did they offer you the opportunity to view the property? If you can answer all of the questions with a yes, then this is the real estate agent that you want to use. They will be the one who is the most eager to help you to sell your home. Look at the email that they sent you. Was it a good description of the property? Did it make you want to buy the house, or at least to see it?

In many cases, they will be the company that can close the sale for you in the fastest turnaround time, which is precisely what you’re looking for.

Having tested the agents personally, take a good look at the website that they offer to sell property. Is the site clean looking and easy to navigate? Does it look as though it is updated in a timely way? Are there properties there which are sold but are not marked as sold?

One of the things that many realty companies will do is to neglect to update their website. If they aren’t taking down properties that are sold, or are not marking them as sold, chances are that your home won’t be posted on the website in a timely way.

This company will quite likely be making three to five percent of the money that you make from your home sale. If they are a good realty company, they will be working for it, trying to sell your home as rapidly as possible. Bear in mind that the company which is the most assertive and proactive in selling your home and in dealing with you, is quite like the company that will sell that house more quickly than any other.

Real Estate Finance

Finance can be defined as the branch of economics dealing with the management of money and other assets. The management of credit and banking and the commercial activities of providing funds and capital for investment also fall under the umbrella of finance.

The Effective Management of Assets

Finance is the pivotal feature of any business organization which has the utmost responsibility of raising funds for its corporation with practicing a stable balance between risk and profitability. Real Estate Finance can be defined as a branch of economics which deals with investing money or wealth acquisition in real estate. It is the allocation, generation, and use of monetary resources over time which is invested in the real estate business. Like any other aspect of finance, real estate finance also has risks associated with it –the effective management of assets, which will maintain or increase in value over time, will eventually result to a good investment yield of the project.

The Difference between Real Property and Personal Property

Real estate investment essentially means investing in immovable properties such as land and everything attached to it such as buildings, also known as properties. The difference between a real and personal property (called chattels) is the right for the transfer of title to the property in question in real property whereas the right to personal property or ownership to personal properties cannot be transferred.

Real Estate Can Be Used to Secure a Loan

Real estate investment can be viewed as a handsome business opportunity as real estate can be pledged as collateral to secure a loan for a business venture, to offset otherwise taxable income through cash savings on tax-deductible interest rate losses or rental income can also be derived from a real estate property. A common example of real estate financing occurs whenan individual owning multiple pieces of real estate and use one as his primary residence while others can be rented out. Profits, known as capital gains from real estate financing, can be reaped from real estate financing as a result of appreciation of real estate property prices .

Real estate financing is long term in nature and investment professionals have always maintained that at least 15%-20% of one”s investment portfolio should be devoted to real estate. Real estate financing can either be on residential or commercial properties, which have different tax implications. Real estate investment and financing decisions are inextricably linked and equity investors or borrowers treat real estate investment as much as a financing decision. The most recent development in the field of real estate finance has been the rise of real estate mortgaging business. A mortgage is defined as the conditional pledge of one”s property for the repayment of a debt obligation or a loan. The borrower is called the mortgagor and the lender, the mortgagee.

Another feature associated with real estate financing is the Real Estate Investment Trust (REIT). A real estate investment trust is a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REIT”s are required to distribute a majority of their taxable income to their shareholders. This proportion is fixed at 90% for the USA and 90% in case of the UK. India is yet to pass legislation on REIT”s and only a handful of Asian economies such as Japan, Malaysia and Singapore have REIT”s in place. REIT”s can be both privately and publicly held (they are listed in public stock exchanges).

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