Tuesday, November 20, 2007
Commercial Property Scenario at Pune's Western Corridor
Commercial places at the western corridor of Pune are buzzing with existent estate activities. Near about all the big IT companies of Republic Of India including Infosys and Wipro have got opened their software system development installations in the area. International IT and ITes giants are also scouting for commercial place in the country quite aggressively.
Basically, this emerging image at the peripheral locations of Pune started with the building of Rajiv Indira Gandhi InfoTech Park at Hingewadi. The successful completion of the undertaking not only established Pune among the most sought after locations for engineering major league but also catalyzed the commercial existent estate scenario in the city.
Definitely, Hingewadi is an ideal topographic point for any concern conglomerate. The location is suitably connected with the commercial hubs of Mumbai and Bangalore with Mumbai-Pune and Mumbai-Bangalore Expressway.
On the other hand, the place values at Hingewadi are also quite low in comparing with the other premier commercial locations Pune.
According to the place traders active in the area, more than than 90 per cent of the commercial business office space in and around the peripheral locations like Hingewadi is absorbed by IT and ITeS companies.
With such as trends, the existent estate developers also have got launched commercial undertakings in the area. Keeping in head the involvement of corporate participants in establishing their operation centres here, the developers are pretty positive about the new projects, said Rajesh Marwah of Pune Properties.
He pointed out that the volume of building activities in the part is enormous. As per the marketplace reports, about 50 per cent of the sum business business office space projected to be supplied in Pune would come up up at these peripheral locations only.
According to sources, the norm office space leases at Hingewadi hover between Rs 20 and Rs 35 per square ft per month.
Labels: apartments, flats, land, paying guest, properties, property prices, Pune, real estate, rent, shops
Friday, November 16, 2007
Foreign Investments Trigger Kolkata Property Markets
Good news for Kolkata place markets. The castle metropolis of Kolkata would add a immense 72 acre modern township to its existent estate at the South-West part of the city, within adjacent 5-years. Interestingly, it is the UK-based existent estate company Real Estate Investment Trust Asset Management Limited that have joined custody with the Kolkata-based Eden Group to develop this incorporate township at Maheshtala.
According to sources, the joint venture would pour in about Rs 1,000 crore in the project. Meanwhile, the proclamation for this undertaking have generated ripplings of exhilaration in the Kolkata existent estate markets.
Properties in and around the undertaking are taking cue, and there are all the opportunities of bad investings in the zone. "The sudden goad in demand of existent estate in Kolkata's Maheshtala municipal country have been resulting in escalated place values, and we cannot really state where the marketplaces are heading for," said Rajesh Vishwakarma, a Kolkata-based place dealer.
The existent estate people in Kolkata however state that the close term mentality on existent estate investing in the country is positive, and would stay so until something travels in the incorrect way.
An investor have to understand that the township would be developed in the clip time period of 5-years, and that's wherefore he is to maintain his investing apparent horizon in line with this time period. Appreciation in place values would entirely depend on how the undertaking comes on and develops the basic substructure around itself.
Notably, the township would provide about 60-lakh foursquare feet of residential place in Kolkata by twelvemonth 2011-12.
What is most exciting in the full narrative is investing from a foreign entity. The Real Estate Investment Trust Asset Management have expressed committedness to put about $50 million in North American Indian existent estate markets. The same have triggered the investing sentiments in the place markets, especially those at Kolkata.
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Labels: buy, kolkata, property, real estate, rent, sale
Monday, June 04, 2007
Investment Property UK - Is It Still Worth It With Rising Rates?
Investment property is still proving to be one of the most popular forms of investment. Property in the UK has historically doubled in value every 10-15 years and regardless of the peaks and troughs during this time, investment property has steadily become one of the most stable ways to invest for the future as opposed to stocks and shares and other investment options.
Established landlords with investment property are very aware of the benefits of investing in property and in particular investment property in the UK. With affordability becoming one of the main issues for first time buyers, landlords are keen to snap up investment property in the UK in the knowledge that first time buyers and other buyers with affordability issues will be left with no alternative but to rent. It is the buy to let investment property market that landlords capitalise on and investment property is their key to success particularly during times when interest rates are rising and investment property prices are rising they are even more keen to buy to rent to this sector.
Investment property in the UK is a key topic of conversation and there are now more than 750,000 individuals who have at least one investment property that they have bought as a buy to let investment property. With buy to let mortgages for investment property becoming more readily available it is giving first time entrants to the buy to let investment property market an even greater chance of owning more than one investment property. Ideally, buy to let investment property investors will be keen to develop their investment property portfolio to such a level where they have multiple investment properties which are all likely to enjoy good capital appreciation. For those more mature entrants to the investment property market, they may be more focused on trying to buy investment property that provides them with a 'passive income' from their investment property on a monthly basis. These types of investment properties are generally lower value, but may present a higher rental yield but subsequently the capital appreciation on these buy to let investment properties may be a little slower.
As and when the opportunities arise, shrewd property investors will refinance their buy to let investment property during a strong property market to realise any potential profit from their investment property portfolio which can then be used to purchase additional investment property to add to their buy to let investment property portfolio. Buy to let mortgages for investment property are so varied in choice that it is much easier to obtain good competitive buy to let mortgage products on almost all types of investment property in the UK. Even those where the investment property in the UK is held within a Ltd Company where previously the products available for these may have been more restrictive.
Labels: buy, buy to let, buy to let mortgages, investment property, property, rent, UK
Monday, May 14, 2007
Moscow Real Estate Market Reaches Its Limits
In the end of 2005, the employees of Moscow's real estate agency Penny Lane Realty encountered the unexpected problem. Daily people called company with the question :
In the end of 2005, the employees of Moscow's real estate agency Penny Lane Realty encountered the unexpected problem. Daily people called company with the question : "I want to purchase an apartment and immediately rent it out to clients, who I can talk to?" The answer was not easy, because sales and rent in Penny Lane Realty are responsibilities of two different departments. As a result for people involved in this type of situation company gave out a special phone number, which did not stop ringing the entire following year. Penny Lane Realty employees they were very proud of the way they resolved this problem, but suddenly bells ceased.
Number of people who desired to become private investors in real estate nowadays are very limited, and many of those, who were involved in this business past years, are now parting with the last properties they own, because the apartments in Moscow for rent are no longer bringing huge and stunning income gains in tens of percent annually as it used to before. Last week for the first time investments into real estate yielded in the plan of profitableness to long-term deposits into the banks.
Real estate market hustlers depart, prices of real estate in Moscow are reducing - even if it just a little, but for a few months in a row. It seemed this was the desired results for Russian government, that this was what most of the Russian middle class wanted, which in had no way to allow themselves to purchase new apartments, after the last year's jump of prices. But real estate experts are calm - in their unanimous opinion, the only consequence of present "stagnation" will be the clearer price separation of the apartments in Moscow into the elite and of the economy-class. The latter will fall in price, but not too much. There was no bubble, therefore, it won't burst. It turns out, "valid" price on the real estate, which is not influenced by the investors, who purchase entire houses, but only by demands of future tenants and the proposal of builders - is not too differed from "invalid", black market price. As one of the salesmen of real estate cynically noted, "Moscow still lags on the average price of the apartments behind New York or London". Principally situation will change only, if many new houses appear on the market - but there are no prerequisites for this.
Labels: apartments, moscow, properties, real estate, rent, russia
