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.

Ras Al Khaimah - The New Dubai

When most people think of the United Arab Emirates, Dubai right away comes to brain, but according to overseas property specialists, another Emirate is on course to imitate Dubai's achievement. Just forty five minutes drive north of Dubai, Ras Al Khaimah (RAK) is rising in popularity due to its low land costs, tax reimbursement, charming scenery and commutable distance to Dubai.

Economic intensification and diversification of the Emirate is touching at an extremely speedy pace with the Ras Al Khaimah Speculation Authority (RAKIA) alone having invested over $408m in local projects and has paying attention over $950m in outside investment since 2004. Since 2000, some $25 billion of household and overseas investment has poured into RAK; but unlike the neighboring emirates, RAK is not oil dependent so its industries are here to stay.

Concrete Homes - Your Fortress in a Natural Disaster

If the area you lived in was subject to earthquakes, insect plague and wildfires, and you could live in a type of housing that could endure all those perils, why wouldn't you? Real homes have an astonishing confrontation to all of the above and are usually used in Dubai and other storm ridden locations, but their reputation hasn't spread to the west coast.

Structural engineer, George Easton describes concrete building alike to assembling Lego blocks. "The "blocks" are polystyrene forms, called insulated concrete forms, into which the concrete is poured. The forms then are left in place to serve as lagging and the support for stucco on the external or drywall on the interior."

The walls can provide up to an R-50 energy rating and require approximately 44 percent less energy to heat and 32 percent less energy to cool compared to a customary wood home.

Dubai’s Residential Realty on the Go up, Price Wise and Or else

In the last couple of years, Dubai real estate, has witnessed various boost in residential assets values. The major transactional areas include Abu Dhabi, Sharjah, Fujarah

Apartments have always been the preferred option vis-à-vis bungalows in Dubai. "Apartments absolutely come cheaper and resident can benefit of all conveniences and amenities in a huge multifaceted." A lot of projects are coming to Dubai wherein the apartments and bungalows are part of an included rural community. For more information visit Dubai Property

Real Estate Opportunities - Where to Earn

If you are on the procedure of investing your money for a business, settling on a real estate asset is the best alternative for you to take. Real estate properties offer big bucks and opportunities that may come in a usual basis. This means that being an agent or a realtor isn't easy.

The most common question addressed by most people towards the real estate business would be whether a person can make and earn a fair quantity of money out of this business. The answer is a as the crow flies yes since there are areas of this business which grows eventually. The payment you get monthly can be placed on other payment transactions such as mortgages and whatnot. The rest of the payment you get from tenants can go directly to your own pocket or bank account. Sometimes, the properties in the market will depreciate but as expected, it will also rise in due time. This is where your skill of holding on to potential properties should be applied.

Buying a Property in Dubai

Buyers of property in the Dubai area should be mindful that due to the 1994 Dubai Government's, all land can be re-classified by the local government as appropriate for urbanization, if not it is considered as secluded under edifying or chronological pretences.

The topic of the law considers three categorizations of land; urbanized land, land deemed suitable for urbanization and rural land. It enables that even rural land can be re-classified and developed on without the owners permission.

Freshly the law has been used in a way to stop individual proprietors of rural land in areas that had been re-classified, delaying the progress of the new developments. From the change of classification of land, the owners have 15 days in which to complaint against the order.

Searching for Real Estate Properties at Dubai Marina

There are many website, which not only gives you detailed information regarding properties at Dubai Marina but also offers you valuable tips in terms of buying, selling and renting properties. Research is the keyword when investing in Dubai Real Estate. Therefore, it is of paramount importance that you collect as much information as you can from different kinds of sources before making any decision.

Apart from the internet, you can also search for real estate properties at Dubai Marina Apartment with help of real estate agents and real estate property advisors. But before you take the services of these individuals, make sure that they are authentic and do not charge you hefty fee without rendering proper services. For more information visit Dubai Property

Avoid 5 Mistake When selling Property

Selling property could be a very exhausting experience. Last minute walk through badly timed calls, price adjustment and the opportunity of being wedged with two mortgages are genuine concerns. If you are not totally prepared you could as well end up losing hundreds, even thousands, of dollars in profits. This report is designed to arm you with the information to avoid 5 common mistakes, which cost sellers solemn money.

Preservation

It might everlastingly costs you more buck to sell as it is than to make maintenance, which would supplement the worth of your home. Even negligible repairs would usually yield as much as three to five times the preservation cost at the time of sale. Your agent would be able to draw concentration to what protection would noticeably augment the value of your home. Outwardly small knock together jobs could as well have fairly an collision.

Determining Commercial Property market Value

One major difference between residential and commercial properties is their position and their use. If you own a great lot inside of the city restrictions, with a huge storehouse store built on it, with a 10 year lease to a big box store, then you have a very expensive property. If you have the same lot size, with the same store on it, same lease, but it is located 30 miles from the only local town where most people in the area live, then you have a smaller respected property. Position, also known as market area, is more important in commercial real estate because businesses need to be near to their workers and to their customers as well.

Another deliberation when looking at market value of a commercial property is the ease of use of similar properties on the market. By looking at as many properties as probable, you can start to get an idea of what different properties are selling for in your local area. This gives you some leverage to point out differences and better discuss the price you are willing to pay. This will also give you some idea of how tricky it will be to find a occupant for your property.

House Renovation

Renovating can either be a fun experience, or a annoying one, depending on how well you are equipped for it. And if you’re renovating a house, then we would expect are fairly well equipped. After all, the last thing you want to have to do when you’re done is to re-do something you contemplation was working out just fine.

In any home, space is an subject. You can in reality never have sufficient of it. And a well made closet space is an essential part of the house’s over all aesthetics. When nattily framed, your closet can be quite an asset, whether it’s for your precious wardrobe, or next to the main door to just hang coats. Now let’s take it from the top.

First, you want to make a decision on the ideal size. 27 inches of depth is what you want for minimum, especially if you plan on hanging your clothes. Other size factors depend on the size of your room or what you need. You could go with a smaller single door closet, or a superior walk in.

Criteria For Student Apartment Rentals

The first, and most frequent, principle for finding the right student Dubai apartment for rent is price. Monthly payments, deposits, and utilities need to be measured by signing any rental agreement. Students and new graduates do not have a lot of currency so they should believe living with other people to defray costs. However, students need to first build a sensible budget before heading into the rental market. The standard budget for a UK student apartment should include between 25 and 33 percent dedicated to rent, to make certain that bills and amount overdue can be paid off.

Another typical essential for students looking for Dubai apartments the lease terms for a precise unit. Students and graduates who find the right place need to look for long term or mechanically renewing leases for the duration of their studies. However, many students in the United Kingdom need to stay behind elastic and should seek out shorter lease terms or elastic rental agreements. Students do not want to be stuck with leases during out of the country travel or a deviation into the working world.

Easy Online Real Estate Marketing

Any real estate agent, whether new to the game, or experienced person player, knows how important it is to have leads. Leads are not always easy to come by, but given that the discovery of the internet, they are easier than many agents make them out to be.

Creating an online information sheet is an easy way to get leads. Place a sing-up for your email newsletter on your website, thus in receipt of an email address. Possible, if someone puts their email address in for your newsletter, they are concerned at least in what you do or what you have to offer. These are people that you can call leads.

Another way to pull towards you leads is by offering great website content on your site. A site with lots of good satisfied is much more likely to hold the concentration of a person than a site that has a broad list of homes for sale and your phone number listed in a form that looks like it was done on a typewriter. Not only do people like good content, but search engines love it too. The more good content that is selected up from your website by search engines, the better off you will be in receipt of to the top of the listings on search engine pages, thus bringing more company to your site and creating more leads. With all of the leads discussed in this paragraph alone, you are sure to exchange one to a paying customer.

Why Seek the Help of a Real Estate Agent

When you get concerned in commercial real estate, you become caught up in a more complicated method of investing your money. Commercial real estate and commercial Dubai property loans have a lot of “moving parts” and the approach that commercial lenders take is far different from those in residential lending.

In light of this information, the 30 due in 10 would be a terrible loan. It’s likely that such an investor would be ready to sell the property in the 3rd year to take advantage of the 1031 Exchange holding period and provide a stabilized leasing history to a new buyer. He’d only face a 1% pre-payment punishment using the 3/1 ARM, something he could easily factor into his “costs.” The fixed rate loan with its Yield Continuation pre-payment penalty could accurately cost him hundreds of thousands of dollars, depending upon market conditions, when he goes to sell the property. In fact, it would likely contain a “lock out” clause entirely preventing a payoff for up to 4 years. That loan would have to be understood by the new buyer and the difference made up in cash, preventive the potential pool of buyers for that property.

Commercial Real Estate: Raising Equity

The difficulties opposite most investors are finding the other people with the money and proactively structuring the business. Everyone needs to be clear on their role in the transaction, how profits (or losses) are disseminated, how results are reported, and how the development ends productively. The development is not as difficult as it may seem at first and it even has a name: “Syndication.” Potentially, even commercial real estate syndicators with little or no recognition history have access to hundreds of thousands of dollars, all as close as the people they already know. One word of recommendation here, though: Start making a solemn effort to clean up your credit if you are challenged in this mode. You may have to guarantee some loans and you don’t want your credit history to be a uncertain block.