Showing posts with label property reviews. Show all posts

Wednesday, 25 March 2015

Plan before you invest in the ‘futuristic’ markets of Bengaluru.

Bengaluru is one of the hot spots for the investors all over the world and India as well. Most of the people are in the lookout for a home in Bengaluru either to stay or to invest or look for a place to stay in India. The reason is it is one of the cities where the growth prospects are high ensuring high ROI and it’s a place where the climate is pleasant too. The infrastructure is also good with all amenities and the job generation factors are also high with a cosmopolitan culture.
The pertinent question is where to invest in Bengaluru. What are the growth corridors of Bengaluru and where the futuristic markets of Bengaluru lie? In order to understand this, one has to go into the future and project a map of the future Bengaluru and speculate the conditions right now. For this let’s have a look at the present conditions of Bengaluru and try to understand the future.
 
Few think Sarjapura as a prospective area having potential as there has been considerable residential and commercial growth with considerable office space absorption in the area. The criteria is when there is an abundance of economic growth the demand of the area from the residential perspective increases as most people want to stay near the work place. What the buyers look for are hospitals, schools, colleges, entertainment hubs, proper connectivity, communication networks and commercial hangouts with proper infrastructure. Buyers eye on the area and to cater to the demands of the prospective home buyers the developers launch projects with the amenities and the market in mind at competitive rates. Thus a growth corridor like this becomes a “futuristic market” which in turn means it has a sound future potential. 

 As far as Sarjapur Road is concerned with roughly about 19 to 20 schools in the vicinity, the area has been attracting not only the first time home buyers but the second time home buyers too who wanted to stay near prestigious schools for the sake of their children. Thus in a way this affects the home buying decision of the family and in turn appreciates the prospects of the area. 
Few more prospective areas of Bengaluru are where there are large number of projects being constructed and such areas include among others, Electronic City, Whitefield, Sarjapura Road and their vicinity. There are newer areas being developed and construction of buildings and infrastructure are on the way. The various indices of the real estate industry indicate that these areas account for almost 50 to 60 percent of the buying activity and the property ranges from Rs. 40 lakhs to Rs. 1 crore. 
Although the demand in these areas is high there are certain points that are to be kept in the mind before deciding to invest in these areas.  If you have booked a property with the x builders having more projects surely their will be a Customer RelationShip Mangers (CRM) for particular projects.Here are the few points CRM should be asked
  • Check out your requirements – whether you require an apartment in a complex with all amenities or you want just a house or a home with only the basic amenities. 
  • Try to make sure that the place you buy is a BMC approved plan with the intimation of due approval or disapproval and it is always recommendable to look for the commencement certificate (CC) ensuring that the builder has adhered to the legalities and the plans of the local authorities. 
  • If you decide to invest in a resale property it is advisable to check for the Title certificates which indicate the history of ownership of the property. 
  • At the time of possession it is mandatory to get the Occupation Certificate (OC) from the builder. 
  • It is often observed that the growth corridors are rid of the essential civic issues like water, electricity, sewerage, drainage and other conditions which make the daily living conducive. There are other hassles like the ongoing constructions which can be an obstacle for proper living and can create blocks for connectivity. 
  • It is advisable to refer to the City Development Plans as it has the infrastructural and allied growth map of the city.

Tuesday, 29 July 2014

Hitting the Rock- Bottom in the Real Estate sector

It’s much better to get a good deal instead of a better bargain. It is true in the case of purchasing the dream house. People looking to buy a house demand of a more positive and a flexi deal.
There is a scarcity of liquid cash and almost all the real estate developers are going through the same situation. The sales statistics reveals a very sluggish move and a low movement. In the present time there is a far more inventory of newly constructed properties and the buyers are also looking towards for a much more innovative negotiation with the real estate developers.

The realty developers are in immediate need to get some liquid cash to make the situation little bearable.Understanding the trend in the present time is extremely important. It is also equally important to know the recent market happening it will also help the prospective buyers to make a heads strong deal at the negotiation table.

One very important guide line is that if the particular property remains unsold for a longer time the dealer and the developer might be keen enough to give away at a very flexible deal. But all this still depends on the market and the trend research done by the interested customer.

One should also carry out an intensive analysis of the prices of the property. This could be done by comparing the launch prices and well as the current selling prices. It is also suggested that the client should keep a track and also inquire about the property concerns and reviews (prices) by the realty experts and other dealers who are skilled and experienced at the same time. Taking all such measure an individual can sketch out a picture revealing the approximate discount for himself and then he or she can use it later for a reference which will help him to draw inferences at the time of finalizing a deal.

The major things that are essential in price are the cash flow system and also the negotiations. The developer might give away a better and a very cheap deal in case if he is falling short of cash or in a cash trap situation this could be main due to a number of inventories left unsold. Those developers in such a condition will like to  clear  their old stock by generating liquid cash.

Hitting at the office at the right time is also equally essential. One should always talk to the sales     team from the developers firm to get a fair deal. The sales team should be informed about your keen interest and also should know your eagerness over buying the property. The serious buyers often receive good discounts followed by serious and genuine negotiations.

Making an upfront will also be of a great help as many of the builders and developers are keen on selling their inventory as soon as possible. Buyers with immediate ready cash receive higher attention. It is also suggested that one should always buy directly from the realty developers and try to avoid the use of intermediaries but this again is case specific. Thus, negotiating a deal is not a small affair and it takes a lot of time in closing a deal. Lastly it is suggested that one should not be surprised even if the deal is not closed at the negotiated amount hence there are certain deals which are closed at an offered price and are mutually agreed by both the parties keeping the price tag in middle that too at least on a lower side.

Tuesday, 8 October 2013

Property Reviews in Bangalore

When a customer is looking for his dream home it is obvious that the person will do a research and will look for many property reviews in order to get his/her ideal home, as it will be their valuable asset in their lifetime. With the growth of real estate sector, many developers, builders and financial institutions came into existence that give relief to the middle-class people whose owning a dream home had remained a dream. 

As the realty sector boomed, builders started competing with each other and in order to attract more customers, they started selling houses at reasonable price.  Few builders who become a reason to fulfill the dreams of the middle-class people to own their dream home include Raja Housing, Sovereign Developers & Infrastructure Limited., Dreamz GK Infra Pvt. Ltd., and many others.

According to a report, in 2013, the North Bangalore become a region of attraction and remain to grow potentially for capital appreciation.  It is after the launch of international airport in Devanahalli and the beneficial vicinity to the IT hubs and easy connectivity to Bangalore city center, the demand for housing projects by the end-users as well as the builders arose. Whitefield in North Bangalore has also continue to yield extensive residential projects at affordable prices that are completed successfully and occupied by the end-users.  Reviews also say that the vicinity to important workplace centers, improved merchandizing and social infrastructure in this location are the reason behind the demand of housing projects.
While making a research for your properties don’t forget to check Consumer reviews on Dreamz Infra Properties, which talks about its objective and achievement of fulfilling the dream of the individuals by giving them their dream home at affordable price in a short period.  With 40 projects in its hand including Dreamz Swadesh and Dreamz Swadhya in North Bangalore, Dreamz GK has gained its own value from the customers.        
One among them are Raja Housing reviews,which states how it has established its own footprint in the realty sector for its residential and commercial properties that matches high ethical standards and transparency and has many successful completed projects like Raja Sannidi I, Raja Prakruthi, and many more current projects as well as upcoming projects in the city’s happening places.
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Receiving appreciation and acceptance from the customers and driven by excellence, we can’t forget to mention the Sovereign Developers & Infrastructure Limited Reviews that says about its success in selling out its Project Sovereign Unnathi in just a month that was excellently built across 28 lakh Sq. ft. and was priced affordably.

Though the current property reviews show that the North Bangalore is seeing immense growth in realty sector, but the other parts of Bangalore has still retained their sheen, which includes Indira nagar, Bannerghatta Road, Raja Rajeshwarinagar and other prominent places.  Many builders and developers have also arose in these areas as well to offer houses that will fall within your budget.

Friday, 23 August 2013

Important Alerts Indicating Property Scam's

The real estate sector has been inherently dynamic in nature, with its parameters fluctuating in accordance to national economy, employment trends, population and inflation. The trickiest element acknowledged by industry experts is the pricing structure that varies across cities, SEZs (special economic zones) and builder groups, depending on current hype of luxury apartments with focus on demand-supply ratio. It is not easy to convince any investor in the first attempt to pay for a high budgeted property. While genuinely reputed trademarks maintain stand grounded with their price tags, minor players come up with fresh offers which appear lucrative enough to bait the customers.

Whenever a ‘deal’ sounds too-good-to-be-true by promising unrealistic returns or offers, a scam threat might be lurking underneath. For instance, the example of Kerala-based developer ‘Apple a Day’ can be cited, which promised apartments and villas in the Cochin city-center and bagged in investment down-payments amounting to Rs.1000 crore from people who fell prey to the false advertisements.

Also, when the builder is in a hurry to close the deal, and advertises announcements like ‘last day of discount on prices’, ‘closing date of 70% down-payment booking’ or ‘limited availability of 90% home-loans’, it indicates an urgency to sell the property by anyhow trapping the customers in their money-loops. Most of the property scams, as evident from builder reviews, tend to quote a surprisingly discounted budget below market standards at the condition of bulk down-payment.

Any genuine property deal is bound to involve the signing of major documents like title deeds, sale agreement, registration documents readily. Fraudsters on the other hand, prefer to soak up raw cash from the investors avoiding any paper work that will leave a proof of trace. They tend to delay any legal paper works involving signatures and ID proofs. These scammers also lack papers certifying the property approval.

Indian Real-Estate recently has been experiencing a staggered growth phase due to its feeble economy struggling to put up with the logarithmic inflation rate. As an obvious consequence the league of builders, who during the last decade saw quite a fortune of profit-making owing to bulk-sale in residential and commercial complexes raised at favorite realty hotspots, are still bullish in their intentions of sustaining business within the hyped metros. With more and more brands competing to line up gated communities across metro skylines, new innovative selling schemes seem to pop out of the ‘Marketing’ box to attract investors. It is hence truly vital to cross-check the authenticity of all the attractive offers from Consumer reviews portal for Realestate builders before indulging into any kind of investments.

Monday, 10 June 2013

Property Scam

True comes in reality……!!!! 

Property Criticisms in Bangalore shows a clear guide lines to people for who has plans to buy property in garden city of Bangalore. It analyses the builder’s quality, materials and services in today’s real estate market. Thanks to landholders desperate to strip off foreclosure and con artists who are eager to rip off those looking to buy or rent. It can be hard to know a sincere opportunity when it comes along, especially if that opportunity seems too good to be true. Working with a reputed real estate agent can be a great way to avoid the most common types of real estate rip-offs, but there are other things you can do to safeguard yourself. After analyzing most of the Consumer complaints on property Reviews in Bangalore and other cities, we have hereby classified the most common real estate scams you may face while either searching to buy a house, rent a house or buy income property and then let’s talk about a few ways you can protect yourself from being tricked.

Don't give cash or wire money..

This is Rule No. 1. Criminals prefer to work in cash, for what are probably obvious reasons. Once they accept cheques, they have to create fake identities, which not only adds criminal counts but also risks capture. No one wants to get caught on surveillance camera at a bank.

Research what the price really should be..

"On all of the scams, the rental rate is too good to be true," Gordon said. "They're more interested in getting your money once, rather than a long-term rental payment. “This is as true here as it is with any scam. But how do you know whether it's too good a deal? How do you know what the price range should be? As it turns out, it's not hard to check, professionals say.

Friday, 31 May 2013

Property Buyers Alert!!!!

Dear potential buyers……

 “It is always hard for you to believe someone else unless you know him/her thoroughly”.

The use of readily available information on the internet has become the most common tendency for any range of customers if they are willing to buy or go for renting the properties. When you decide to buy a property, you have to be very careful and alert since you invest heavily on the properties. Moreover, the investment to be made on properties is irrecoverable. Thus, the decision to purchase a property should be made with complete, careful, precise, and truthful consultation. Now the question is where do you get the correct consultation? This question arises because there are many con artist, who, in order to cheat the smooth customers, post fake links or unfair information on the website. Sometimes, even the landowners, will push their lands for sale with no lawsuit foreclosures on the websites. May be the builders, sometimes, will post very attractive advertisements on the website in order to attract potential customers that are not really true and correct.

Buying or renting the properties in big cities like Mumbai, Bangalore, Delhi and Hyderabad will always be complex process for any kind of potential property buyers. Sometimes, the potential buyers will get struck upon their decision by seeing inaccurate information. Dear potential buyers, you will definitely lose your hard-earned handsome money if you decide to buy a property based on fake reviews. Before buying or renting the properties, you as the investors, please try to check the accuracy of the Consumer property reviews, and don’t be panic at all. It is not necessary that all the reviews posted by customers on the website are genuine.

Please believe that there are some genuine builders in the city where you reside, who can assist you correctly. The trusted builders would like to work very closely to the potential buyers. Sometimes, they may post online advertisements to the mass for reference. The trusted builders will usually intend to help potential buyers by giving them the correct analysis about the properties to be bought or rented. Such analysis may include the cost comparison, location, basic facilities, the reviews of well-satisfied customers, lawsuits, quality and quantity of the material used and the previous history. By reading such advertisements, it will be quite assured that most of your doubts are clarified.

“The things that seem to be very easy by look will never be easy for execution”.
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