National Real Estate News from Home Actions
In the last edition we alerted you to President Obama's budget proposal for 2011 that would effectively eliminate the deductions for Mortgage Interest and Property Taxes based on income. Since then we have heard from numerous members who wanted some clarification and to get involved by contacting their Representatives. Read the full article for the update. More»
A critical component in a housing recovery is consumer perception. In this industry, perception is reality (except in the Midwest). In the 2nd part, recent foreclosure data are in and there is a glimmer of light. Read the full article and see what's up. More»
Second Home Real Estate News from Wall Street Journal Online
Realty Times Headlines
Posted on 20 March 2013 | 2:02 am
RG Group is one of the unique and biggest real estate firm and very famous today in Indian real estate market. Every time RG Group has brought industry’s best residential projects and fulfilled the housing expectations of today’s common man. They got their start in the year 2000 and since then, they introduced milestones projects in residential and commercial sector and took the shape of one of the core real estate developer which the industry needed a lot.
Amongst their best of best residential projects we cannot forget their one of the landmark residential project “RG Residency” located at Noida sector 120. Truly, truly very unique and advanced residential complex for users who really deserve a place where their dream home can be settled in the joy and healthy environment. RG Residency is a once in lifetime opportunity for people who want to make their life style and children’s future specific and progressing.
Described as Noida’s one Landscaped Podium housing project RG Residency is spread across 12.75 acres of land and offers 1, 2 and 3 bedroom apartments in very beautiful buildings deployed very thoughtfully amongst lush green landscaped surroundings.
Some advanced upgraded feature of the project
• Sale Price on Built up Area basis
• Residential Complex in 12.75 acres.
• Only 12 towers i.e. one tower per acre
• Each tower to have 3 spacious lifts.
• 3 side open corner plot adjoining green belt.
• Vehicular movement free raised landscape podium
• 3 tier security system with CCTV provision
• Vaastu compliant layout plan
• Eco-friendly construction with concept of green buiding
• Water harvesting & Solar Energy utilization.
Besides this the whole complex has been developed under very firm vigilance of very experienced engineers and architects. RG Residency gives you best location advantages and modern amenities such as Swimming Pool, Health Club, Steam & Sauna, ATM Facility, Multi-Purpose Hall, Indoor Games - Billiards, Table Tennis, Chess, 24x7 Chemist Shop and many more. Don’t wait any more and book your dream home in RG Residency.
Finlace Consulting Pvt. Ltd
Near- Stellar IT Park,
Noida-201301, U.P, India
Posted on 20 March 2013 | 12:28 am
Buying a property in Bhubaneswar can be one of the best lifetime decisions one can make. Bhubaneswar is a city located in the state of Orissa in the country of India. It is considered by many as one of the most beautiful cities in the country, rich in ancient culture, the location of intriguing temples and not to mention the subtropical savanna climate. Around 1.5 million tourists visit the city every year just to see these wonderful ancient structures.
The old town Bhubaneswar
Bhubaneswar is divided into the old town area and the Capital City. The old town has narrow roads and poorer infrastructure. However, this adds to the ancient appeal of the area because the old town is where the temples such as the Rajarani, Lingaraj and Kedar-Gouri temples are located. One can also find a residential property in Bhubaneswar here in the old town area, but life can be a little bit rough compared to the Capital City.
The planned city Bhubaneswar
The Capital City, also called the planned city, is where the major infrastructure and commercial establishments are located. The Capital City is divided into Units, and it holds residential housings for government employees. When looking to live in this prime area of Bhubaneswar, one can also find an apartment, bungalow, flats and other real estate in Bhubaneswar.
Where to find available real estate Orissa for sale
Properties in Bhubaneswar, Orissa are usually advertised in local newspapers and online property selling websites. There are flats, duplexes, apartments, plots and commercial spaces available in Bhubaneswar as well as neighboring locations such as Khurda, Jaipur, Angul, Cuttack, and Puri.
For those who are looking to buy a commercial property ideal for business, there are available hotels for sale in Puri, a city just south of Bhubaneswar. These are complete with amenities, furnished rooms, with locations near Puri Beach, Jagannath Temple, Chilika Lake and Atharnala Bridge. Bhubaneswar is also an ideal prime location for business because it has an airport and railway stations. It is the capital city of the state of Orissa and is therefore the center of many trade and administrative services.
There are also budget hotels for sale, in Puri Baliapanda road, only 300 meters away from the beach. These budget hotels for sale also come with a restaurant to service the guests.
Buying and selling through a property consultant
For those who are unfamiliar with the Orissa area as well as selling and purchasing requirements on land for sale, one can seek the help of a property consultant such as Property Matrix. Most property consultants have licensed real-estate agents. They can help leasing, tenant representation, project marketing, portfolio management, trading credits, sales and purchasing. Many busy people who run a business in Orissa seek the help of a property consulting company for their land and commercial property purchases because they get the best value for their money. Also, when planning to sell current property, consultants can help find buyers so there’s no need to worry and sweat about the best way to sell the property.
Posted on 31 January 2012 | 11:30 am
Is the world really going to end on December 21, 2012? Is the end really near? Some of us get involved in the discussions about the predictions; some of us brush those predictions off as nonsense, while some of us simply don’t want to worry about what is going to be. We want to live in the present! But the fact still remains that mother earth has been harmed enough and each one of us needs to stand up and take responsibility.
There is no end to making the choices at going green. One industry that can make a remarkable contribution is the construction industry. Green Building is not a style statement or a trend. It plays a pivotal role in protecting the environment. Are we aware that according to estimates buildings account for almost half of the world’s material and energy consumption? A whole lot of wood is harvested and almost one sixth of the total consumption of fresh water. Could there be a more valid reason for going green?
Excessive use of electricity has accounted for global climate changes causing serious issues such as acid rain and smog. Green buildings use techniques such as solar powering and facilitation of public transport which reduces harmful emissions remarkably. Rainwater harvesting & storm water management are carried out very successfully by green buildings. This prevents waterway corrosion, flooding and pollution of water sources.
It is proved that people living in green buildings are healthier than other due to obvious reasons and we all know that healthy and happy people are more productive. There are tax benefits for encourage the design and construction of energy-efficient green buildings, both residential and commercial.A survey has indicated that green buildings might just attract a higher resale value as occupants love the idea of using daylight in the interiors thus having to pay less for electricity. Also there is less demand on other utilities. Taking all these factors into consideration, the need to go green is further increased.
Posted on 5 April 2011 | 12:30 pm
The most commonly used methods for valuing real assets are:
1. Investment Method:
- This is based on discounted cash flow method taking into account the future cash flows that the real property can bring to the investor.
- Typically more prudent and least subjective of all and gives a fairer view of the realizable value of a property.
2. Comparative Method:
- It uses comparative values from latest sales figures in the market and derives capital values for properties and rental yield.
3. Contractors Method:
- A cost-based approach generally used in rating all compulsory purchases.
4. Residual Method:
- Used in development projects where the real estate developer sells most of the property.
In active and established markets of West, any valuation method should give the same values. In turbulent markets of South-East Asia with some investors having excess liquidity and widespread asymmetry of information and no proper supervision of the valuation process, these methods can give different values and results in price mismatch.
We prefer to focus on a method that goes back to the most fundamental concept in finance: "the value of an asset is the present value of future cash flows". For a building project, an investor will receive regular rental income and at the end of the investment period, will receive sales proceeds on disposal of the building.
The first step is to estimate the amount of rental income that the property will earn over the investment period. The rental yield will provide a measure of the income as a proportion of the value of the asset and indication of future returns from the asset. A simple mathematical calculation that helps compare the returns on properties with other invest-worthy asset classes. Calculation of rental yield is as follows:
a)Yearly rental : Rs. 10,00,000
b)Value of building : Rs 1,00,000,00
c)Rental yield = (a/b) x 100 = 10%
Rental incomes normally increase during the years when the property will be rented. The annual increase is linked to a predetermined rate as set in the lease agreement or linked to an inflation index such as the consumer price index. At the end of the investment period, the investor will also be left with a residual value, which is the value at which the investor expects to sell the property.
Next step involves the discounting of the value of the cash receipts as of today i.e. equivalent in todays money. It involves discounting the cash receipts using the required rate of return of the investor. This rate compensates the investor for the level of risk that he or she takes in holding the asset, the opportunity cost of holding the asset i.e. for the time value of money and for the effect of inflation. The after tax yield on a risk free long term and relatively secure Government bond compensates for the last two effects and the required rate of return can be calculated by using such a yield plus an adjustment or premium for risk. An investor should always choose a rental yield that is higher than the long term bond yield.
The investment value of the property will be given by the total of all the discounted cash flows. You can also breakdown this required rate of return and link it to the rental yield. So, for an average property asset, an investor should be looking at a minimum rental yield of, say 7%.
If you analyze commercial properties in India, you will find many cases where rental yields are substantially lower than the long term bond yield and much lower than the 7% figure mentioned above. This implies that either the rentals paid are too low or that the properties are overvalued. Given current economic activity and the level of rental rates on some newly developed properties, it is more likely that in many cases properties are overvalued. This means that current investors are not getting what they should get from their investment.
For Policy Makers and Valuation Offices:
- Based on data, rates must be assigned to the different locations and regular adjustments must be made based on the evolution of market price.
- A steering committee must be set up to look after the standards of asset valuations so as to make sure that there are certain guidelines that are respected while the valuations are made.
- It must publish on a regular basis, information about the market prices of properties that have been traded.
- It must consider the setting up of a Property Index for the commercial sector.
Tips for Realty Investors:
- Calculate the required rate of return you need on your property asset.
- If you wish to buy a property as an investment, make sure that you will be able to realize returns.
- The investment valuation method will give a reference for the maximum price you can pay for the property.
- Do not buy a property where rental yields are lower than what a long term bond can give you.
Posted on 22 March 2011 | 12:30 pm
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