Wednesday 25 December 2013

Online real estate is best choice for all property transaction

Now it is becoming very easy to rent or buy or sell property in India through online websites. There are many India’s top online real estate portals out there which thrive to make hassle free and successful free property transaction. Online real estate business is booming as these portals bring much more transparency by providing good quality information about properties.

As the amount of information one can get through this property portal is high, these portals becoming a key searching tool for rent, sell and buy property in India. Websites gives the best property in India under different category. By using the drop down list one can choose the property category wise that includes wide range of properties from different part of India. Portals are kept updated to ensure the latest properties are available for people all the time. Nevertheless, these websites offer full real estate solution, including a huge database of consultants, real estate agents and service providers through their directory of services.

No matter if it’s a commercial or residential property that you want to sell or rent property in India, you have to just list your property on these portals. These portals are designed to give a wide exposure, so your property can be accessed very easily by many buyers leading to a good response on your listing. You will be surprised to know that the listing of your property will not cost for you single penny. You have to just sign up with the website and feed the information including pictures of the property to start with.

Tuesday 26 November 2013

Well satisfied service with good agents

Gradual growth in this reliable world the need of human got increased. Each and everyone in this world need an own house. Lots of land and plots are available but if there is no certain agent service is there then people don’t know what to buy and where to buy a good land which exits beyond the potential requirements. So to avoid all the problems regarding buying and selling a land real estate agent's services are there to provide a good service to the patrons.

There are number of real estate services are there all around the world, the most common complaint aroused is that there is no proper service till the end by the agents. To give remedies for all the flaws http://www.bookmychoice.com/services.aspx are there to manage a customers and to treat them in a responsible way by offering a real estate agent's services.

Real estate is an extremely a competitive business, each day passes with a lots of competitions to be in this field for a long time need to provide a good and a quality service. Real estate agent's services are providing those service to their customers by clearly give a brief explanation about the property and the current status and the worth of the property in future which is the key for business. The service offered by the Real estate agent's services will speaks till the end. The service won’t stop after selling or buying the property, touch with the customers creates a great impact and good view all around them.

Monday 11 November 2013

Find the Best Property Sites to Buy- Rent Property Online

If you are supposing to buy or rent than avail the property websites. These sites provide a good deal to renters as well as buyers. The flourishing business of this kind is mostly possible because of the existence of these sites. The dealers need not have to indulge any manual labor to convince the customer instead all the criteria are given in these sites only. All the dealers need to do is to promote the necessities as much as possible. The advertisements matter a lot for customers to get attracted and invest accordingly. The dealers are the real money makers in terms of the real estate business especially because of these sites.

The best property sites are hence one of the most torrent sites in the internet. People settling in different places always intend to buy properties online. So these sites are serving their best to the customer in urgent requirement. Hence these sites have become one of the most preferred sites nowadays. All the requirements regarding property dealings can be successfully preceded with the help of this site. One can enquire from these sites as much possible finally ending up to their expectations. The reviews of the other users of these sites always remain available which serves the purpose. Property sites are always with up to date information.

Thursday 7 November 2013

One of most demanding Property India is the South City at Gurgaon

Real estate industry is booming all through India and specifically in metro city. Indian The people who are going to owe a property in South City needs to know the correct diversity of its overall physical outlook captivity as the city has a spectrum of various townships and the buildings those are assigned the different names and landmarks. Like the independent houses are available in the construction company DLF Phase I II III IV, Green Wood City, South City I, and the Sushant Lok and much more. Apart from that the apartments and condominiums are available in the Beverly Park I and II, Heritage City, Belvedere Park & Towers, The Laburnum, Windsor Courts, Hamiltan Courts, Regency Park I and II, Uniworld City, Richmond Park, Uniworld Gardens, The Palms, Uniworld Spa, Central Park, The Icon, Pinnacle, Aralias, Orchid Greens, Malibue Towne etc and the list is infinitive. You can also have more than above mentioned constructions by the property India companies in South City Gurgaon as Nirvana Country, Greenwood Villas, Viesta Villas, Rosewood Villas, Today Villas, and so on.

Nowadays, people are considering the residential properties in the Gurgaon’s best destination South City for a valuable investment since the Gurgaon is a fast growing and developing in the corporate segment. Owing the residential properties in Gurgaon is just to have a worthy and bright future.

The author of this content derived the information for the residential properties in South City at Gurgaon by the most reliable attributes of the real estate companies of India.

Saturday 21 September 2013

Festive Seasons Beckon property investors.

Festive seasons Advantage.

Property Investors, Market conditions.

The festive seasons , as always , the real estate market is likely to see more offers from lenders and industry with rates holding steady.

People are slowly returning to the real estate market as an investment avenue . It begain with the Reserve Bank of India (RBI) initiating some gradual steps to infuse more liquidity into the banking system to promote lending and growth. The industry has been demanding a softer monetary policy for some time now and these steps led to more interest in property on the back of expectations of easier loan terms.

This festive seasons ,as always , is likely to witness more offers both from lenders and industry with rates holding steady.Also the rapid urbanization leading more people to relocate to cities in search of better opportunities is leading to a growing demand for property.

According to Expert, the good time to invest in real estate is between now and March 2014, the festival period starting with Ganesh Chathurthi and ending with Gudi Padwa. There is also a good chance of getting attractive deals in land and residential apartments because of the market conditions, with lower sales and new supply hitting the market.

Given these market conditions, it makes sense for investors , especially high net worth investors , to evaluate their portfolio again. Property has a strong case to be a part of investment portfolio. A portion of equity and equity –based products that are taking a beating at the bourses can be liquidated to raise the margin money. The tax benefits on a home loan to acquire a second property bring down the effective interest cost of the funds , and make the investment even more efficient.

A large number of investors entering the property market will mean a spike in the price graph. In this context, a project makes a good buy at the prelaunch offers stage ,given the fact that it will command higher prices even as the construction progress es. Add to this the benefit of festival season of fers from lenders , and investors have an attractive option that promises to beat the inflation effect over a period of time.

A key aspect of leveraging property to draw more from your investment portfolio is in efficient management of margin money and home loan finance.

Visit us @ www.bookmychoice.com

Source-Toi

Sunday 15 September 2013

Important Property Abbreviations

BSP= Basic Sale Price
PLC= Preferential Location Charges
EDC= External Development Charges
IDC= Infrastructural Development Charges
BBA= Builder Buyer Agreement
RTM= Ready to move
DP= Down Payment
ROI= Return on Investments
CLP= Construction Linked Plan
UC= Under Construction
IRR= Internal Rate of Return
NCR= National Capital Region
NPR= Northern Peripheral Road
SPR= Southern Peripheral Road
EMI= Equated Monthly Installments
LOI= Letter of Intent
EC= Environmental Clearance
PPP= Public Private Partnership
BOLT= Build Operate Lease Transfer
BOT= Build Operate Transfer
WPI= Wholesale Price Index
CPI= Consumer Price Index
PWD= Public Works Department
NHAI= National Highway Authority of India
NCRPB= National Capital Region Planning Board
DTCP= Directorate of Town and Country Planning
HUDA= Haryana Urban Development Authority
MCG= Municipal Corporation of Gurgaon
MCF= Municipal Corporation of Faridabad
DMRC= Delhi Metro Rail Corporation
BRTS= Bus Rapid Transit System
ISBT= Inter-state Bus Terminus
RRTS= Rail Rapid Transit Systems
MRTS= Metro Rapid Transit Systems

Visit us @ www.bookmychoice.com

Five smart things to know about real estate terms

Five smart things to know about real estate terms..

1. Down payment is made to the builder to confirm the purchase decision. It typically represents a percentage of the full purchase price. It could be non-refundable if the deal falls through.

2. The sale deed is the agreement between the seller and the buyer and is proof of transfer of property to the buyer. It is signed by both the parties and also by a minimum of two witnesses along with all their details.

3. Stamp duty is the tax levied by the state government on the agreement value or the market value, whichever is higher. It is payable by the purchaser and may vary across states.

4. It is only after the payment of stamp duty that the sale deed is considered legally valid and can be admitted as evidence of transfer of property in courts. The sale deed has to be registered with the sub-registrar of the jurisdiction where the property is located.

5. The registration fee is paid for getting the sale deed registered and is associated with getting the property transferred in the name of the buyer. The original document, along with two photocopies, has to be submitted and registration requires two witnesses.

visit us @ www.bookmychoice.com

source-ET

Saturday 14 September 2013

Nationalized banks return to fund Noida Extension projects..

Nationalized banks return to fund Noida Extension projects.

NOIDA: The Greater Noida Authority is upbeat that the Greater Noida (West) region, formerly Noida Extension, is slowly being removed from the blacklist of banks and they have started showing interest in backing buyers who want to invest in projects in the region. After the land row in 2011, banks had stopped financing such projects due to fears of land acquisition being quashed by the courts.

Greater Noida Authority additional CEO, HK Verma, said, "There was time when banks were pulling out from backing the projects, but now they are queuing up at the Authority office to be empanelled for funding development works." Verma added that public sector banks have decided to disburse around Rs 5,000 crore as home loans and other construction loans for Noida Extension realty projects.

Apart from nationalized and non-banking financial companies(NBFCs), even private banks have shown their interest in this markets. Development authorities say this will help generate a good cash flow for development works. "We are more interested in Noida, Greater Noida and Yamuna Expressway regions for lending right now, be it fresh loans or stuck installments of loans already sanctioned," said MK Manchanda, a senior officer in a private bank.

Developers have now started breathing easy after this decision of the banks. "Market sentiment is associated with funding and cash flow plays a vital role in delivering projects on time. As nationalized banks have stepped in, like Canara bank is supporting Wave group, the market situation is bound to improve," said Amit Gupta, Assocham member and MD Orris Infrastructure.

Even real estate pundits have called this development good. "Private and public sector banks are now keen to tie up with developers and this will give many choices to homebuyers to pick a financial institution that suits them best," said SS Bhasin, MD of Bhasin group and CREDAI (NCR) member.

visit us @ www.bookmychoice.com

source-toi

Property price changes over time....

Property price changes over time....Noida Price review....

visit us @ www.bookmychoice.com

Thursday 12 September 2013

Wait for home prices to correct further

Wait for home prices to correct further..

“Residex is a function of demand and supply of properties whereas for an individual, buying a house depends on her economic condition. So obviously, people are in a fix,” said Ranjeet S Mudholkar, vice-chairman and chief executive officer, Financial Planning Standards Board India.

The current scenario

Real estate developers are feeling the pinch of a gloomy economy. “Though the fundamentals of demand—young population and urbanisation—are intact, only those with genuine and immediate need for a residence are buying property now,” said Brijesh Parnami, chief executive officer (distribution), Destimoney Enterprises Pvt Ltd, a New Delhi-based home loan consulting and real estate advisory firm.

According to him, investor associations that were around in the bull market of early 2000s and used arbitrage—secured loan at 8% and invested in property which appreciated at a much higher rate of at least 12% per annum—to make gains are now sitting on the fence.

Also, people who were investing in their second or third houses are not doing it at present.

This has led to a shortfall in demand and has created an inventory in the real estate market, which in turn has pulled down prices.

Rising lending rates has further added to low demand.

Widening deficits, forthcoming elections and policy hurdles are some of the problems that the economy is facing at present and these factors have led to a dilapidated currency which has lost at least 20% of its value in the last one year.

“There is a lot of cloud regarding these issues and we are facing a lot of challenges on these fronts,” said Parnami. These factors are leading to an increase in interest rates because it seems that the measures taken by the government and the Reserve Bank of India, which were earlier seen as short term in nature, will stay for a while.

What to expect

Though it seems we are at the top of the interest rate cycle, we may actually see some upward movement even from here. “The way things are moving, there is room for uncertainty.

There are many factors such as the food Bill, US policy actions and our internal conflicts that may take the interest rates in any direction,” said Riten Ghosh, general manager, home loans, State Bank of India, India’s largest lender in the country.

Though Ghosh doubted that interest rates will go down immediately, he said a good buying opportunity should not be missed.

We may see further correction in real estate prices.

“It is established that we are in a freefall and in these kind of situations, developers pick up expensive debt to pay for old obligations in an attempt to avoid default,” said Sanjay Dutt, executive managing director, South Asia, Cushman and Wakefield, a real estate consulting firm. He cited similar experiences back in 2009.

In these circumstances, developers welcome equity and venture capital for the first six-seven months but once these dry up, they hit the retail market.

“There could be various schemes that would hit the markets and we expect that to happen in another four months’ time,” said Dutt.

So this could be the phase when end-users will see real correction, which was not visible until now.

What should you do?

The fundamental rule of financial planning says that if you have genuine need and the capacity to pay, then it is always the right time to buy your first property, in which you will presumably live. “If the property deal is good, buy it. If one is a genuine buyer, she should take advantage of low cost,” said Parnami.

There is another way to look at it. Say, the price of the property you want to buy has corrected by Rs. 5 lakh and the rise in interest rate will require you to pay the same amount over a tenor of 10 years.

Even in this situation, you are better off because you will not be paying the money upfront. Also, given that we may be at the top of the interest cycle, the rates may go down from here. Go for a floating rate as chances are that your interest outgo will come down soon.

If you are not buying for own use then compare returns on investment with other asset classes. “Factor in rent and other factors and then see if you are still getting better returns,” said Mudholkar.

However, if you do not have enough money to make a large down payment or you do not have a pressing need to buy a house, you should wait for the home prices to correct further and interest rates to stabilise or come down
.
visit us @.http://www.bookmychoice.com
Facebook- www.facebook.com/bookmychoice.in

source.HT

Tuesday 3 September 2013

Rising interest rates, tighter lending norms, poor sales--they all add up to an imminent slump in property prices

Rising interest rates, tighter lending norms, poor sales--they all add up to an imminent slump in property prices

Property prices in major Indian cities, including Mumbai and New Delhi, are set to slump by as much as 30% in the next three-six months as rising interest rates and tighter lending norms have led to a sharp drop in demand for homes.
"Softening in prices would begin in a month or two if sales continue to be low," said Adhidev Chattopadhyay, an analyst at Mumbai-based Edelweiss Securities Ltd. A Credit Suisse note on 19 January forecast that property sales in India may decline unless prices are cut 10-30%.

The Reserve Bank of India (RBI) has signalled borrowing costs will rise further after increasing interest rates seven times in the past year to curb price rise. It has also tightened lending norms for the purchase of property to rein in surging prices. Even as the supply of residences outstrips demand, property developers, who need to repay an estimated Rs14,000 crore to banks by the end of the financial year, are facing the spectre of loan defaults as dropping stock prices make it difficult for them to access equity markets, and banks tighten lending.

"A consensus is emerging that we are seeing the tip of a slowdown or a semblance of a bubble and the nervousness is evident on a pan-India level," said Amit Goenka, national director, capital transactions, Knight Frank India.

The Bombay Stock Exchange realty index, a measure of 15 property stocks, has dropped 26% in the last year, compared with a 17% rise in the benchmark Sen. The realty index has plunged 25% this year.

In November, RBI asked lenders not to loan more than 80% of the value of a property priced at more than Rs50 lakh. It also asked banks to increase the risk weightage of property loans of more than Rs75 lakh to 125%, making it more expensive to lend. Risk weightage assigns the minimum amount of capital that lenders have to maintain, as a percentage, depending on how risky a loan is.

"This was an additional factor along with the price rise which directly impacted investor sales in the higher end of the residential market," said Chattopadhyay.
"The loan-to-value ratio being capped at 80% effectively reduces the purchasing power of a homebuyer," analysts Aashiesh Agarwaal and Chattopaday wrote in a note to clients. "With a homebuyer having to cough up additional 5-10% equity for buying a house, he may have to delay his purchase decision, leading to a fall in incremental sale volumes."

The drop in residence sales has led to an increase of inventory in several cities. Mumbai has been the worst hit with about 88,000 unsold flats in the metropolitan region. About 25,000 of them are within the city limits of India's commercial capital, according to a survey of 2,400 housing projects in Mumbai, conducted by property researcher Liases Foras.

Recent home sales data suggest it may take as many as 22 months for the inventory to be cleared in cities such as Mumbai, Delhi-NCR (National Capital Region), Chennai and Hyderabad, said Pankaj Kapoor, chief executive of Liases Foras.

Residential sales tumbled 15% in Gurgaon, 20-25% in Greater Noida and Ghaziabad and almost 40% in Faridabad during the last two months of the past year, according to PropEquity Research.

Data from across India shows that only 15% of the home deals struck between April and September were at prices less than Rs2,500 per sq. ft, suggesting it is now difficult to buy even a 1,000 sq. ft house for less than Rs25 lakh in most cities. As a result, volumes have begun to slow and new bookings reported by major developers have been lower than expected, Credit Suisse said in their report.

"Builders have started negotiating across the table and are willing to cut prices by 10-15%, but prices need to fall further to become affordable," said Kapoor.

Some prospective buyers have now decided to delay their purchases until prices fall.

Vishal Jain, 35, has taken a break after six months of house-hunting every weekend. Jain, who runs his own optical lens business, wants to shift from his one-bedroom apartment in Ghatkopar, a Mumbai suburb, to a two-bedroom home in the Malad-Kandivali area, another suburban destination. He has a budget of Rs45-50 lakh.

"Even if I stretch my budget by another Rs10 lakh, there is nothing available other than properties in 25-year-old housing societies," Jain said. "So I can either move further north, towards Dahisar, or wait for another six months."

Indiabulls Real Estate Ltd, which is developing the "Bleu" project in central Mumbai at prices that are 15-20% lower than its earlier luxury projects, has also laid out simpler terms for its buyers to ensure sales.

A price correction will help propel volumes, said developers. Analysts predict a 15-20% correction in prices in NCR and rest of India, while "overheated" markets such as Mumbai and Ahmedabad would see a fall of 20% and above.

"If demand is low, we may correct prices," said Vikas Oberoi, managing director of Oberoi Realty Ltd. "We have corrected prices earlier and we will do it again."

In Hyderabad, the Telangana agitation has hurt both property prices and sales. In Bangalore, home to companies such as Sobha Developers Ltd and Prestige Estates Projects Ltd, sales have been stronger.

"You need to keep a price that will be accepted by the homebuyer," said J.C. Sharma, managing director at Sobha Developers. "India is growing and we know people can and are willing to spend now."

The decline in sales, however, has not slowed building activity. Construction in central Mumbai continues, with textile mills being torn down to make way for luxury housing and shopping projects.

An estimated $10 billion (Rs45,000 crore) of new housing projects are in the pipeline in the Lower Parel area of the city, with large developers such as Indiabulls, Peninsula Land Ltd, DLF Ltd and Lodha Developers Ltd in the fray to sell about 10 million sq. ft of luxury housing at an average price of Rs15,000-20,000 per sq. ft.

Knight Frank's Goenka said that despite sluggish sales of premium homes, residences that cost Rs20-40 lakh will find buyers.

Tightened bank lending, declining equity markets, private equity funds demanding steep returns and negligible property sales have compounded the trouble for property developers, said Pujit Aggarwal, managing director at real estate developer Orbit Corp. Ltd.

Indian real estate has always relied heavily on bank financing, with outstanding banking loans to the real estate sector having increased 33% in the past 21 months to over Rs1 trillion, according to Credit Suisse.

Analysts say the pressure is mounting on developers from all sides.

Hari Prakash Pandey, vice-president, finance and investor relations, Housing Development and Infrastructure Ltd, said that if the environment is hawkish--be it the government or financial authorities--decision-making is impacted, affecting business growth.

DLF, the nation's largest developer, said after its third-quarter earnings that it is banking on a series of new properties to generate cash flow and partly pare its Rs20,694 crore debt.

DLF may not meet its sales forecast of 12 million sq. ft by March, as about six of its new projects have been delayed, and due to price rises in recent months, said Angel Broking Ltd in a 1 February report.

To make problems worse, banks may further tighten lending to property developers after DB Realty Ltd and Unitech Ltd have been linked to ongoing investigations into the allocation of telecom spectrum. Lenders are turning down new loan proposals and may also take a close look at the proposed end use of loans that have already been sanctioned, but not yet disbursed to real estate companies.

"Investors want to know whether the money borrowed by developers for real estate purposes are being used for what it is actually meant or are being diverted elsewhere and they want to be doubly sure," said Rajiv Sahni, partner, real estate practice, Ernst and Young India

visit us @.http://www.bookmychoice.com/
source:IREF

New Look to Master Bathroom Interior Design Ideas..

This is for the child in you or for your own children. They’d surely love this colorful addition to their bath time..

The LED Shower Head will change color from blue to red when the water gets over 89° F/32° C. Sure, you’ll probably still need to do a bit of tweaking to get it just right, but at least you’ll know when it is warm. My favorite part of this is that the LEDs are powered by the water flowing through the shower head. The water pressure builds up energy by passing through small turbines contained within.

Real estate visit us :http://www.bookmychoice.com

image source:http://www.ohgizmo.com.

Monday 19 August 2013

BUY/SELL/RENT.....www.bookmychoice.com

Bookmychoice.com is one of the leading organizations that provides real estate solutions. We offer versatile and comprehensive range of services and considerable knowledge of the market place. Our experience will ensure that you are in safe hands, while buying and selling any property.
We aspire to become one of the most influential service providers across India. www.bookmychoice.com is a Real Estate-web based portal created, tested and maintained by a dedicated team of software professionals. The service is designed to cater for latest fast growing needs of owners/customers and dealers/promoters/builders in India.

What is the paperwork that a customer should look, before buying a builder flat?

It is very important to look for the below mentioned paperwork, if you are planning to buy a builder flat. Look into the information, whether the lease deed is registered in the name of the company that you are buying from. Also look into the information pertaining to various statutory approvals like, environment, fire and aviation for the builder flat that you are purchasing.
Also, it is important to take a look at maps and layouts and see if the same is been sanctioned by the authorities and are available for your perusal.
Also understand, if the project is approved for loan by a bank, the possibility is that if it is approved, many of these criteria would have already been done by the bank.
http://www.bookmychoice.com

Saturday 17 August 2013

NEW LAUNCH:Aditya City Apartments NH 24, Ghaziabad

Aditya City Apartments NH 24, Ghaziabad

A self sufficient township of 185 acres with abundance of lifestyle elements has planned earmarking of space for residential, commercial, corporate and others like medical centre, schools, post office etc. so that you have your own world within your neighborhood. At, Aditya World City, there is a lot for everyone- Apartments, Penthouses, Plots, and Villas as residential options, whereas mall offers commercial options for multiplex, hyper markets, food courts, & anchor stores Aditya world City belongs to next generation architects and engineers as far as planning facilities, amenities and infrastructure go.

for info:http://www.bookmychoice.com/Search_Agent.aspx?Type=city&Location=0&city=10

Vasilia offers –WORLD –CLASS PREMIUM HOUSING IN NOIDA

Wave presents Wave Vasilia High Life Serviced Residences in Noida.

Wave presents Wave Vasilia High Life Serviced Residences. Both finely crafted and thoughtfully designed to match your lifestyle and to cater to your every need. Comprising 2/3 BHK options, these residences are located in Sector 32 Noida, right in the heart of the city. They are built in a combination of both high and mid rise towers ranging from 12 to 33 floors, offering a fine mix of opulence and privacy. Constructed from podium level upwards, these residences are thoughtfully crafted to suit all your needs. With retail shops in the ground level, your basic necessities are always taken care of. Come, experience the high life at Wave Vasilia