Showing posts with label residential. Show all posts

Monday, 12 May 2014

Five features that raises property prices

Investing in a property absolutely is a biggest and influential decision in one’s life, before investing one should also clearly know their need of investment. If you have planned to invest to reap good returns in future then you should choose a property from which you can enjoy good appreciation.

Here are few points that one should consider reviews on Builders before buying a property in order to achieve good appreciation in property prices.

1. Location
The location in which the property is located is one of the major features that will have a most important effect and will carry good appreciation in property value. Choose a location where there is high demand for properties and which is not far from the city or close to the congested city traffic.

2. Accessibility
If your property is located in a locality, which is well connected through road, railways, and air to other parts of the city then it adds another big plus point to your property in increasing its value. Many experts say that the real estate market in a locality grows because of this reason.

3. Infrastructure
Another advantageous point that increases the value of your property is the infrastructure development in a locality where your property is situated. A decent neighborhood, closeness to other social structures like schools, colleges, and medical facilities are some of the elements that also influence on the property values in an area. Hence, it is advised to home buyers to check for the government’s plans for commercial development in the area along with present local facilities.

4. Demand
The demand for properties in any locality openly influences the property prices. The raise in demand may be for many reasons like large parcel of land available at lower prices in suburbs; usually people who make decision with first gut to buy land and understanding the potential of growth in the locality in such areas are the one who will benefit.

5. Quality of construction & amenities

The cost of construction and the quality of material used in the building also plays its part in increasing the value of the property, hence the buyers should always make sure that the material used and the amenities provided in the property are of good quality.
Many experts recommend investing in a property that is under construction or in pre-launch projects as by the completion of construction the price may increase.

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.
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