Saturday 3 May 2014

What to Know before You go Looking for a Realty Firm

Whether you are looking to buy property, sell property or simply to rent, you will need a reliable realty firm. With our urban landscape dotted with tens o such firm, you need to know how to sort the trustworthy ones from the scam artists. Before you look for a property dealer, you need to know a few things.

The market
Do your research. Even before you visit your property dealer, find out the trends in your area of interest. Find the prevalent prices, whether you want to sell or buy property. You can start with checking out the ads in newspaper. Many of them list the persquare rates according to area. If your are looking for properties for rent and are not able to access local news, check the internet. Many website and realty firms these days provide this information. Once you know the usual asking price, you can form a better estimate of properties.

Beware of cheap deals
If it sounds too good to be true, it probably is. Land in developed areas like Noida and Gurgaon is not cheap and if a dealer is offering you flats for amazingly low prices, know that everything may not be what it seems. However, some firms do offer good deals. These are firms that get flats directly from the developer and offer their buyers the advantage of bulk buying. Keep in mind, though, that even if this figure is lower than the market rate, it is not alarmingly so.

Know all the costs
From the very onset be clear on costing of various factors. This does not limit itself to just the commission. However, you may want to negotiate the price. When you buy property, the agent must tell you how the property is prices, all the included cost factors, like any developmental, recreational, maintenance, garage or any other costs. Usually properties for rent include all costs, but be clear if there are other additional costs you will have to pay later on, like garage or maintenance charges.

If you are looking for a reliable realty firm to buy property, sell property, or for properties for rent consider Earthlinks Realty. With 17 years of experience and an impressive portfolio of commercial, residential and retail properties, they offer a wide array of choices in the NCR. You can visit them at http://www.earthlinksrealty.com

Wednesday 23 April 2014

Your Guide To Residential Property In Gurgaon

Residential projects in Gurgaon are mushrooming, making it one of the most sought after residential places in India. Here’s why.

Gurgaon is right now the most sought after place for builders in India and their new projects in Gurgaon are coming up at a rapid pace. Be it residential projects in Gurgaon or projects that are creating service apartments in Gurgaon, each and every property is appreciating in terms of prices every day and this is the main reason why Gurgaon manages to score over other places at least in terms of real estate. DLF, Unitech, Ansal, Godrej, MGF, Tata Housing Ltd, EMAAR, Shobha Developers and Parsvanath, the major real estate companies are all developing properties that sell really fast.

With more and more corporate majors shifting their offices from Delhi to Gurgaon, there has been a surge in the requirement for residential property in Gurgaon over the last few years. This has also led to the growth of infrastructure facilities in the place and residential projects in Gurgaon have come up at a furious pace as the city assumed more and more commercial significance. Firstly, its close proximity to India’s capital city, Delhi has added to its advantage. Due to this prime location, both commercialization and urbanization have taken place at a large scale with Gurgaon becoming a brand by itself. The city’s property segment has boomed and this is likely to continue in the foreseeable future.

The need for service apartments in Gurgaon has spiraled because more and more young people are taking up jobs with multinationals that have shifted base here and it is for the housing requirements of their personnel that new projects in Gurgaon have been undertaken by Indian real estate majors. Added to it is the recent availability of Metro connectivity which makes commuting much easier by reducing time and increasing comfort.  The city’s pollution, moreover, is less than Delhi.

More new projects in Gurgaon are expected when the ongoing Gurgaon-Manesar connectivity will be commissioned in 2021. Moreover, once the city is connected to Jaipur by way of the Gurgaon-Jaipur Highway, more and more people are expected to shift and this would require more residential projects in Gurgaon that would certainly include bungalows, residential towers, and complexes as also smaller service apartments in Gurgaon. These would emanate from notable projects like the Millennium City Project that has been undertaken by the Government of Haryana as also buildings that will come up in the Special Economic Zone being set up by Reliance. Even though prices are spiraling, it still makes sense to invest in residential property in Gurgaon because of the much enhanced returns.

In addition, you get properties that are not only well furnished but also provide you with full security, attractive infrastructure like swimming pools, clubs, shopping malls, schools and gyms and grand interiors. For all you know. Your office may be even walking distance from your service apartment in Gurgaon where you live. With the rapid growth of residential projects in Gurgaon, rents are also going up and landlords who have let out their properties are laughing all the way to the bank. In sum, it’s totally a win-win situation for owners of residential property in Gurgaon.

Wednesday 19 March 2014

Gurgaon’s Ambitious Property Plans

Gurgaon has reached a stage where the amount of property available isn’t enough to satiate demand. Hence there is a constant clamor for new projects in Gurgaon – an absorbing analysis follows.

Thursday 13 March 2014

Making Luxury Accessible

Luxurious homes were exceedingly hard to come by until enterprising Indian real estate players entered the property scene. Now it is absorbing to learn about the many luxury options available.

Thursday 6 March 2014

Gurgaon: Spearheading Residential Realty Growth

If you do a quick market survey today, you will learn that private realty prices have catapulted by almost 40% in a year.  You will also find that most of Gurgaon’s residents belong to the middle-income to higher-income bracket resulting in enhanced disposable incomes. These factors have led to several builders, developers, and real estate agencies mushrooming all around to fulfil buyers’ requirements.

As far as specific locations are concerned, a residential property in Gurgaon is demanded greatly around the MGF and DLF malls, the metro stations, IFFCO Chowk, the main golf course, sector 78, the roads leading to Dwarka and Manesar, and all the areas adjoining National Highway 8. The exact price varies greatly depending on the building, area, and facilities offered.

Of course, there are many existing hurdles too. Government clearances have been slow, power and water supply are major issues, and housing loan interest rates are on the higher side. Still, in spite of these challenges, Gurgaon’s real estate industry is predicted to grow speedily.

If you’re on the lookout for residential property in Gurgaon, you’ll be happy to know that the region will have close to 2 lakh private flats and houses available for sale by 2015. It is earnestly hoped that by then infrastructure too will reach world-class levels – just like Gurgaon’s glittering malls!

Tuesday 25 February 2014

The Thriving Real Estate Scene in Delhi NCR

If there’s one sector India’s national capital and its surrounding districts have witnessed a boom in, it has to be real estate. Truly, properties of all kinds – private, commercial, and governmental – have sprung up quickly in numerous parts of Delhi and the accompanying areas of the National Capital Region (NCR) fuelling trade and business.

Friday 21 February 2014

Gurgaon Unique Housing Boom: A Unique Indian Economic Milestone

Twenty years ago, a trip to Gurgaon, on the outskirts of the National Capital, New Delhi was a rare occurrence that usually involved a trip to the airport. All that existed on these dusty plains of Haryana, at the foothills of the northern Aravalli range was Maruti’s car making factory. There were no call centers and certainly no apartments in Gurgaon for sale.

Today, you would be lucky to enter Gurgaon, given the massive volume of traffic that jams each arterial road to this modern-day township. In a rare example of the private sector leading by example and eventually giving the government its cues, Gurgaon has become an example of economic prosperity and the Indian economy on the whole.

Genesis: DLF

Created in 1979 by dividing the area around New Delhi into Faridbad and Gurgaon, you could say that Gurgaon actually got the short end of the deal. While Faridabad got direct rail access, municipal government, fairly fertile farming grounds and a chance to build on an existing industrial base, Gurgaon had no such support structure. Turning this factor in its favour was the fact that the afore mentioned government was not likely to create too large a red tape hurdle.

The first to take advantage of all this land just 30 km from the capitol, the real estate company DLF acquired 3,500 acres of land from farmers in Gurgaon. Things remained slow till the Indian economy began its reforms in the early 1990s and slowly investors began to take stock of the rising demand for housing, which was followed by the need for commercial space. Pretty soon MNCs were acquiring land to set up call centers that were the booming with the emergence of the Indian outsourcing industry.

Housing Boom

Since space was at a premium in New Delhi, with the BPO industry literally making Gurgaon their Indian headquarters, pretty soon the thousands of white-collar employees were looking for residences closer to work. This change marked the birth of a modern, fully self-equipped township that was all set to become a small city in its own right. The newspapers classifieds began to fill up with ads of apartments in Gurgaon for sale to its new working populace.

Today, well ensconced in the middle of e boom includes world-class office buildings, apartments, 7 golf courses, 26 shopping malls, 5-star hotels and a private expressway.  The fastest growing district in India is currently home to 1.5 million people and accounts for half the revenue of the state of Haryana by itself. Now that’s a city-sized version of a boom town indeed!