http://www.articletrader.com/ Articles at ArticleTrader en-us http://www.articletrader.com/finance/real-estate/what-is-commercial-property.html http://www.articletrader.com/finance/real-estate/what-is-commercial-property.html Tue, 22 Jul 2008 00:00:00 -0500 Commercial Property is a property which is costlier than residential property and is used for shops, offices, business centers and malls etc. a commercial property is always bought by a business man, shopkeeper or other corporate houses who have the capacity to pay such high costs of same.

“Based on the past experience, we can say that price of commercial properties increase much faster than the residential properties. As a matter of fact, cost of commercial in all big cities has gone up beyond expectation as compared to the tier II and III commercial properties.” The same phenomena are applicable for rented properties. The rentals in metros have sky rocketed as compared to tier II and tier III cities however, cost of rented properties to MNCs or big corporate house always fetch better sales proceeds as compared to vacant commercial properties.

Price of commercial properties and their rental values are very much influenced by the strong or poor infrastructure facilities available in a city. In other words we can say that the better the infrastructure facilities, the more the price of commercial properties and rental values.


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Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/real-estate/history-of-development-from-gazi-u-ddin-nagar-till-ghaziabad.html http://www.articletrader.com/finance/real-estate/history-of-development-from-gazi-u-ddin-nagar-till-ghaziabad.html Tue, 22 Jul 2008 00:00:00 -0500
Ghaziabad was inhabited in 1740 by Gazi-u-ddin. This place was named Gazi-u-ddin Nagar at his name only. Nevertheless Gazi-u-ddin was very much fond of vaastu and development during those days. It appears that Ghaziabad and its adjoining areas are learning the lesson of development on the same tune. Housing and commercial projects are already going on here at government and non-government level, metro is also likely to reach here soon.

A record increase has been noted in the development history writer Ghaziabad. Delhi kept on falling short of accommodation and inclination of people kept on increasing towards Ghaziabad. Its Indirapuram, Vaishali and Vasundhra areas appears as if they have become the part of Delhi. Several projects are still going on at these places which will further add to the grace of this area within next few years. However, prices of properties have also increased alongwith development of Ghaziabad.

If we talk about the commercial development, today the residents of delhi are also turning to enjoy the malls culture in Ghaziabad. During the forthcoming period there will be tremendous increase in malls at Ghaziabad. Moreover, here one such mall is also being constructed whose roof will provide facility of helped also

Concept of PPP

U.P. Govt. is apprehending that if the breeze of development has to flow, then association with PPP (Public Private Partnership) is almost essential. To fight against the infrastructure like problem i.e. constantly increasing number of houses, roads, electricity, water, cleanliness and transportation etc, U.P. government is preparing plans in association with private sector. Simultaneously, rules and regulations are also being relaxed for developers so that the problem of houses may be mitigated.

Keeping this in view, the GDA had recently issued some licenses to the developers. As per the blue prints presented at the moment, seeing them it can be said that he developers will construct such buildings which will consist world-class facilities. Sections 4 and 6 of land Acquisition Act have also been amended for the purpose of Detailed Project Report (DPR) in some cases. Presently, in most of the cases, the process of acquision of farmers land is being completed based on the plicy.

The government is also planning to construct a high-tech city under the private partnership itself. This city will be constructed keeping in view the low population and environment. It will also consist the modern facilites like 24 hours electricity and water supply, wide roads and parking space, scientific disposal of solid waste and wi-fi connectivity etc. etc. this project is to be constructed at NH-24 ( on Delhi Hapur road). On other side of this city will be NH-91 also. Adjoing itself, the eastern-states including Delhi.



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Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/real-estate/fall-in-property-price--rate-effect.html http://www.articletrader.com/finance/real-estate/fall-in-property-price--rate-effect.html Thu, 21 Feb 2008 00:00:00 -0600

Loan rates have however, not become cheaper but the price of a house may surely become cheaper. Due to shortage of buyers, builders are now thinking for correction in prices. RBI has given them a strong jerk by not reducing them loan rate interest. The builders had hoped that RBI would make the home loans cheaper this time in monetary policy. But it did not happen so. Builders are now facing problem in selling their houses. Mr. M.S. Aggrawal, founder, of MCX, says that real estate demand is decreasing. Buyers are decreasing due to high rates of loan interest. At present there is no possibility of reduction in interest rates. As such correction cannot be ruled out.

Correction- How much.

As per the report of ASSOCHAM, during a period of six months the demand has fallen by 20 to 30 %. People are afraid of talking loan due to increasing EMI. This is the reason that up to 25% fall has been recorded in the numbers of bank home loan takers. OSB Group president Mr. P.K. Sanyal says that great difficulties are being faced in selling big projects. Out of the total buyers are loan takers. They are expecting 10 to 20% reduction in price, only then they will be able to match their EMI.

Secret of problem

In fact, the biggest reason of problem is increasing investment of foreign fund in real estate. As per the specified rule 100% foreign investment is permissible in construction work. Foreign companies cannot buy land. They have to enter into an agreement with Indian companies. As per an estimate, foreign companies are ready to invest around us $20 billon in real estate. Before investing, they are demanding the business track record of Indian companies. How many projects were constructed and sold by them. How ever, it in necessary for starting new projects that sale of old projects is over.

Shortage of Alternatives

Peal Infrastructure General Manager( Marketing) Mr. K. P. Singh says that seeing the delicacy of time, it is good to work. If demand of price correction comes up at this stage then question does not arise to disregard same. Real estate market specialists say that at present RBI is not in a mood to reduce the rates of interest. Numbers of cash buyers of flat and house are very low. If the builder does not bring their profit margin now then later their profit may decline further. Ex Advisor of Parsnath Developer B.P Dhaka agrees builders are to move ahead then they cannot keep on hold projects for a longer period.


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Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/real-estate/shortage-of-3-crore-houses-in-the-country.html http://www.articletrader.com/finance/real-estate/shortage-of-3-crore-houses-in-the-country.html Fri, 18 Jan 2008 00:00:00 -0600
Presently India is facing shortage of more than 3 crore houses. If the state governments do not make appropriate arrangements in this direction for appropriate land and construction activities are not acclerated according to demand, the shortage of houses may be doubled by the end of 11 th five year plan.

As per the statement of central habitation and urban poverty eradication ministry that due to heavy cost in the residential sector and deficit in budget at contral and state leval, private sector, co-operative sector, industrial sector and institutional sector have been recognized active partners under the new residential policy.

Its aim is to accelerate the construction of houses according to the requirement of all categories of society. Though public partnership was augmented for construction during the 10 th five year plan, yet construction of houses lagged behind the target considerably as a whole. Now during the 11the five year plan more public partnership will be evolved and simultaneously industrial and institutional sectors will be more and more encouraged to construct houses for labor and employees connected with them.

Sources indicate that with which speed the people from rural area are coming to cities in search of job and making their habitation, keeping in view the same it is essential to emphasize the need to target the construction of houses in plenty for poor and low income group people in metro cities and all levels of big and small towns. To achieve this target, it has been decided to increase the government and public partnership. If you look at the present shortage of residential units, you will find that demand of EWSand low income group people is more than 90%.


During the next decade, 40% of our population will become the part and parcel of cities. It means that more and more people will be fleeing to cities in forthcoming years. Consequently percentage of EWS and low income group (LIG) people will increase. We will have to concentrate more in this direction to fulfil their residential demand. The share of urbanized poors in the country is about 30%.

To overcome this shortage, the government is encouraging big builders that they obtain plots form government and make township and ensure the construction of houses for EWS and LIG categories. At state level, the allotment of plots to private companies shall be made on predetermined terms so that they are made partners in fulfilling the social responsibility.


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Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/real-estate/important-tips-for-buying-property.html http://www.articletrader.com/finance/real-estate/important-tips-for-buying-property.html Fri, 18 Jan 2008 00:00:00 -0600
After studying all pros and cons of a property as well as of the area in which it is situated, and after doing all ground work, a smart buyer must invest preferably in a flat at a young age when the liabilities are less and then selling it at higher rate at double its purchase price and reap the benefits of boom.

One must study the real estate market before taking final decision for investment. In addition you are required to focus on the condition of the selected house, its rental value in the area, availability of other facilities such as transportation, schools, health centre, parks and playgrounds etc. etc. as these are the influential factors affecting the cost of a property in an area. In case you are not able to decide various aspects, then you can avail the services of an experienced property agent who will zero down all your confusions and queries based on his rich experience and strong data-base of the area.

If you desire for some finance option then you should get in touch with a mortgage agent who may help you by giving several options at cheapest rate of interest. Alternatively, you may check up with your property agent whether he has tied up with some banks at reasonable rate of interest. After obtaining interest rates and other terms and condition of repayment, you will have ultimately to analyse the data and select the cheap and best financer


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After obtaining interest rates and other terms and condition of repayment

Source: http://www.articletrader.com ]]>