Flats for Sale in Chennai: Opportunity knocking at door

The Preamble: It is well known that India is swiftly shifting its way of living; this shifting may cause changes in opportunities as well as living style. Chennai proffers its residents an extensive range of enriching, cultural healthy and lavish lifestyle.

Chennai has about 7 million people but still seems to be less crowded than other cities of India probably because of the large area it covers.  Commuting in the city also does not pose much of a problem for individuals residing there as transportation is easily available.

It is a known fact that the South culture is very rich and the Tamil civilization is an ancient one that still posses’ elements that have stayed unchanged from the past customs. Chennai is a secure and hospitable Indian city with effortless admittance to picturesque beaches, wildlife parks on the outskirts and well designed societies.  It can be said that on an average the city is captivating, diverse, comfortable and secure to live in especially for the ones who are either working singles, studying or even couples.

Chennai is one of those cities of India where real estate companies are investing these days and intend to begin new 5-star or business hotels. Genuinely speaking, real estate subdivision in Chennai is growing rapidly and accomplishing heights of grandeur yet again. Recently, there has been a boost in the number of flats and society set ups in various areas of Chennai especially towards west due to endeavours of big real estate owners. Thus, it is advice by most of the real estate experts to buy flats in Chennai.

One such area that is growing remarkably as far as real estate residential properties are concerned is Poonamallee. Poonamalle was initially known as Poovirundhavalli but with changing times and culture the name has also changed. It is part of Chennai west and offers varied options in flat for sale in Chennai. The place is on a high rise these days and is considered to be a suburb with prosperous culture, strong moral roots and equally strong modern world civilization adaptation. One of the most quiet and serene areas of Chennai is now turning into a well developed residential hub. Before investing in Poonamallee, it should be known that it is administered by the Municipality of Poonamallee; the traffic is looked after by Chennai traffic Police and is managed directly by Greater Chennai Police. The place has gained a lot of importance and is one of the most politically and socially significant places of South India, especially because one of its court systems dealt with the assassination of former Indian Prime Minister Rajiv Gandhi.

An emblematic accommodation of 1 BHK flat in Poonamallee can start from a meagre INR 3000 per sq. feet and go high up to approximately INR 4500 per sq. feet. The approximate total value of single bedroom apartments in the area falls in range of INR 20- 30 lakhs and this disparity in the cost wholly depends on the category of services and facilities being provided by the city. The prices also vary majorly due to access to important facilities like transportation, health care, markets etc.

The Verdict

Undoubtedly, Poonamalle is a place in Chennai where buying a property in coming years will only profit and hence, it is advisable that no matter however expensive you may feel the area is, go for it.  A 1 BHK flat in Poonamalle at this price is definitely a grab away opportunity. Chennai is a growing city, it is becoming a global IT centre and hence, it would be a prudent decision to grab a small property in the area which in approaching years will surely provide immense benefit.

Author’s Bio – Sampurna Majumder writes on behalf of 99acres.com which is a leading real estate portal providing genuine and accurate information about the current real estate trends, serviced apartments, studio apartments for sale and different properties available across various cities in India.

                                                                 

Dubai Villas – The Most Beautiful Spot For Accommodation

Dubai used to be a desert and it had no advanced technology and even people never thought of Dubai to develop according to the modern age. Today, Dubai stands tall among the most advanced countries as it has developed and achieved everything that is required in a major cosmopolitan city anywhere in the world. Dubai has reached to the advanced level in term of all the imaginable facilities and amusement opportunities in life and the commercial and business find Dubai as the hub. The construction work constantly takes place and the projects reach to their completion smoothly on scheduled time. This is the reason you can see the plenty of shopping malls, hotels, villas, apartments, etc. you can also buy apartments for sale Dubai and it is the best option for the ones who like luxurious life. But be sure that you come with a strong budget limit if you wan to Dubai Villas for Rent.

There is a huge range of mansions, hotel apartments and villas available with gated as well as isolated compounds. Most of the tourists are immensely delighted when they sight the estate of Dubai first time. It is a place full of modern architecture with the traditional houses and ancient wind-towers. The new construction of buildings is amazingly incredible and for a moment it is difficult to believe if they are for real. The construction work has made fortune for many companies and the real estate market really boomed on account of the development of tourism industry.

The villas are a joy for the tourists and visitors as they are fully equipped with everything and the best villas are the ones close to the seaside and in the man made marinas like Dubai Marinas. The investors have really mad huge money by investing in the construction works and this is why you can look for villas for rent in Dubai as the investors put their money in them and retained their profits in term of monthly income.

When you plan to have the villa on rent, you need to observe and analyze some important factors beforehand. The first and foremost factor includes the choice of the real estate agent as the agents of real estate service can get you the best deal because they know all the pros and cons of Dubai villas in detail.

The other factor to check is the vicinity of your required place and there are two aspects to consider when you ask about the surrounding areas. The first is about the on going construction in that area. You can see the on-going construction most of the places. In fact, it creates a lot of noise and it may disturb your vacation and stay, bout the good thing about the development that they are quickly completed. So you must leave it on the basis of this reason, but it is better to have the idea about it so you may take a better decision.

The other factor to consider when you in Dubai is about the nearby places like shopping malls, airport, beach, amusement points or any other place which you consider important.

About the Author
John Parker is expert analyst and market researcher on Dubai Apartments for Rent and Dubai villa Market, he writes Dubai apartments articles. He works for Kleindienst Estates, one of the most growing real estate firms in UAE.

Period Limit for construction is Extended For UAE Nationals

The government of UAE is wholeheartedly supporting the real estate sector to re establish the investor’s confidence. The newly announced policy regarding the grant of relaxation in the period of property construction is a right step forward. Khaleej Times one of the most famous newspaper of UAE reported on 7 June 2009 that “His Highness Shaikh Mohammed bin Rashid Al Maktoum, Prime Minister and Vice-President of the UAE and Ruler of Dubai, has ordered an additional five-year extension time for construction on the land granted for UAE nationals.UAE nationals who have acquired land from the Mohammed bin Rashid Housing Establishment (MRHE) will receive an extra five years to build on their land. The same ruling applies to UAE nationals who have acquired their land before the founding of the housing establishment, said Sami Gargash, Executive Director of the MRHE, according to a statement on Saturday. The period would otherwise have ended by February 2010”.

The Five W’s of Real Estate Training

Who?
Who can and who should take the real estate training or course?
Practically anyone who wants to make a career in the property industry can choose to go for the training. If one feels that they can carve their niche in the property sector and have what it takes to excel in the profession, a good real estate course will be of crucial importance.
Amid the current financial recession when all industries appear to be toppling, property industry is still somewhat stable. Although there is an evident slowdown in the industry, yet it is growing. So the requirement for real estate professionals has not eroded and every property company needs a property professional. Today, when career opportunities in other professions show a great deal of saturation, the potential of real estate industry is slowly dawning upon people who are now taking up real estate training courses to enter this vast field of opportunities.

What?
What are the real estate training courses about?
Real estate of course! Every country of the world has its set real estate laws and ordinances. These laws may vary largely from country to country, and also from city to city within in a country. This is one reason why it is important for a real estate professional to not only become aware of, but also have a deep insight into his region’s property laws and regulations. The real estate training courses consist of a series of classes or lectures which cover anything and everything about real estate in your region. The courses are designed, handled and delivered by the area’s real estate experts with vast experience of the local property market. The most common things covered in the property training are the property laws governing your area’s real estate industry, your responsibilities as a real estate agent, and the types of real estate present in your zone of operation. The courses are also designed to hone your buying and selling skills as a property agent.

Where?
Where are the real estate training courses available?
Probably not far from you. These courses are gaining popularity around the world and many established property companies and agencies have taken this initiative. Not only established real estate companies, but also experienced property professionals have started educationg people about the property business and its ethics with a special focus on the latest real estate trends of their own region’s property industry. So it’s very probable that after a brief search, you’ll be able to find a property company, agency or individual offering this course near your house or somewhere else in your city. And if you don’t, there are numerous real estate training courses available online in which anyone can enroll with ease. All it takes is a little online search and you’ll come across innumerable options. Most people consider online course more convenient than the classroom study as you can study at your convenience without having to rush for taking classes. It saves you the time and hassle of the traditional classroom study. Many online universities and institutions have even started bachelor and master degree programs in real estate development and management.

When?
When can you enroll for the course? How long does it take to complete?
It depends on various factors. Your choice between online and classroom study, the mode of training, and the trainer’s discretion, all these factors come into play. The best way to find an answer to this question is to visit the trainer in person if it’s an offline (classroom) course, or to visit the website of the trainer if it’s an online course. The websites of educational institutions bear all the details of the courses they offer including the course objective, outline, duration, and choice. One trainer may offer more than one property training course at a time designed for different individuals as per their requirements, suitability and market exposure.

Why?
Why should you take this course?
Well, we’ve already discussed it in the 1st answer. One definite answer to this question is that the property market is still booming when the other industries appear to be falling down in the current financial recession. As the industry is expanding, there’s more and more room for real estate professionals in it. Taking a real estate training course can help you make a career in this booming sector and excel professionally.

A city profile: Al Ain - The Garden City of the Gulf

Al Ain is the largest city in the Eastern Region of the Emirate of Abu Dhabi, is the home of UAE University and two major flight academies, is connected with excellent roads and highways to other cities of the Emirates, especially to Abu Dhabi (150 km east) and Dubai/Sharjah (140 km southeast) and borders with Omani town Buraimi as its twin city (Muscat is only few hours drive away).

In 1997 the City was placed second in the world wide competition “Nations in Bloom” in its category for communities of 50,000 to 300,000 population for achievements in landscaping, heritage management, environmental practices and its future planning.

Population and trends:

The population of Al-Ain has grown over 400,000 mark and had reached 341,300 in 1998 from 171,000 in 1985 and 120,000 in 1980 (The Planning Department of Al-Ain). The development and urbanization process has gone through a well thought-out master plan.

Physical characteristics of the city are dominated by major road and street network with roundabouts; horizontal expansion (building heights restricted to max. 4 stories); extensive vegetation and landscape; public gardens and distinctive existence of oasis within the urban fabrics.

Income groups:
According to a survey of visitors to the annual Al-Ain festival, 30% earn Dhs 6-10,000 or more and 33% Dh 3-6000 (Al-Ain Tourism Festival Survey 2003) that shows a strong middle class with fair to good buying power.

Al-Ain has a large industrial area with medium to large size industries and is surrounded by agriculture, dates farming and water and milk plants. It uses the ancient but efficient non-mechanized “falaj” irrigation systems that developed into major date plantations in a modern day Al-Ain.

Economic growth:
The following news item, published in Khaleej Times (Dubai, May 18, 2004) reflects the tremendous growth witnessed by the city:

Al Ain, the garden city of the Gulf, is witnessing a tremendous boom in different economic sectors and social activities.

According to the Annual Statistical Book of the Al Ain Municipality and Town Planning Department, in 2002 the Department has issued 1062 new construction licenses (874 in 2001), only 53 of them governmental, 12902 trade licenses including 2556 for restaurants (2904 in 2001), and to maintain its position as the ‘bridesmaid of the world cities’, the number of parks increased to 26, covering an area of 4,138780 square meters, and raised the number of date palm trees to 1,04865.

Since the piece was written, a flight academy and a new large shopping mall has been added to the city besides a large number of small and middle size businesses and numerous housing compounds and new buildings, plus a five star Sheraton Hotel is also under construction.

Source: http://www.alaintimesuae.com/

Prices Projections for This Summer

Article Source: www.ameinfo.com

High local inflation and low US interest rates are fuelling the market with negative real interest rates. That economic force is not away for summer. In this environment anybody leaving their property purchase until this autumn is likely to find that prices have shifted at least another 10% higher over the summer months.

All markets have momentum and the momentum in the Dubai real estate market has grown in 2008 with the rate of advance in prices accelerating to a level not seen since 2004 and the early days of the boom. With prices up 10%-15% in April-May they are not about to slow down very much over the summer.

Indeed, it is perfectly possible for prices to carry on rising despite a slowdown in transactions. In fact, this is a reason for increases: Sellers are keeping their property off the market in anticipation of rising prices and therefore creating a shortage that, not surprisingly, produces higher prices.

Autumn sales

It is a debatable point whether property owners returning from their summer vacations will suddenly decide to sell. There will always be those who wish to cash-out because they are going home or starting a business.

But those with a long-term investment commitment to the Dubai property market, and this is a growing market for owner-occupiers and landlords, then sitting on an asset that is rising in value makes obvious sense.

There is an argument that as capital values rise then rental yields are falling - because rental rises may not keep up with capital appreciation.

But then market reports suggest 20% annual rental inflation - which is hardly going to put off landlords - and yields have to be compared to interest rates, which at 2% on deposit accounts are not an attractive alternative, especially with inflation in the high teens.

Bull points

No, as this column has been arguing for some months the case for buying Dubai real estate - to save on rent, to protect capital against inflation, to participate in a boom - has got stronger not weaker. Expect a shortage of completed property for sale to be one of the biggest drivers of house prices this autumn, as well as over the summer.

The discussion always then comes back to 'how high can prices go?', 'when will the boom end?' This topic has become a little tired over the past six years since Dubai first launched its universal freehold property sales.

But what you can be quite confident about is that the boom is far from over yet, as the economic drivers to take it still higher are in place.

Article Source: www.ameinfo.com

Are You Systematic?

Do You Have a Plan for the Things That Matter?

There are a few things agents should have figured out and locked in; marketing, referral procedures, and phone sales training. The keys to these are figuring out what works, and being systematic about doing them the same way EVERY time.

Let's focus on one skill (referral procedures), and make a few assumptions. Our assumptions are that you will close 18 units this year at an average sale price of $300,000, with an average gross commission of $6000. Not too shabby, but let me paint a picture of the possibilities. Our chosen skill area for this exercise is referral procedures. Everyone knows they should ask for referrals, but most don't because they DON'T KNOW HOW! Others do ask, but not consistently. What is most important about asking? Consistency and timing- let people know you work by referral, and ask when you have given them what they want.

Now let's monetize this.

All agents fall into three categories:

1. Inactive
2. Inconsistent
3. Consistent

Inactive- You do not ask for referrals or have a marketing plan to do so. Let's say you made a commitment to yourself to ask every client if they have a friend or co-worker that is buying or selling in the next 90 days (notice I didn't say ask if they know ANYONE; there is a reason for that). You follow through this year, and of those 18 clients, 6 refer you a solid lead. Of those six, three buy or sell with you. That is an extra $18,000 in your pocket just for being consistent. It costs you nothing.