Buying your first home of investment

Are you finally ready to take the plunge and buying your first investment property? Have you ever finally saved enough cash to start out investment in property, however don’t grasp wherever to begin? If therefore, you’re attending you need to browse my tips about what to shop for and wherever to start out to maximize your investment.

For most first-time investors, the selection is sometimes between one Family Home and a 2-4 unit property, normally known as Duplexes, Triplexes and Fourlexes. There area unit giant variations between each and you ought to absolutely perceive them before plunking your cash down. The key to success in any business is education and coming up with. The primary step is to be told the maximum amount regarding your subject material as potential, which can give you confidently once doing current and future deals. During this case, it’s learning to use 2-4 unit properties to create prospering investments to secure your money future.

Home for investment

You first home ought not to be and sometimes shouldn’t be your dream home. Use it as a tool to figure towards that. conjointly bear in mind that regardless of however enticing shopping for a house is right away or what proportion you wish to speculate you wish to create certain you have got some liquid savings put aside first, a minimum of 3-6 months’ value of expenses. It can even be a really wise move to travel through the method of shopping for a home yourself 1st before doing it strictly for profit too. Otherwise you may create the foremost dear makes once you very can’t afford to. It’ll assist you talk terms, borrow and sell future investment properties with additional confidence and accuracy. The primary step is to be told the maximum amount regarding your subject material as potential, which can give you confidently once doing current and future deals. During this case, it’s learning to use 2-4 unit properties to create prospering investments to secure your money future.

You should fully obtain a home of your own if you haven’t nevertheless. Make love showing wisdom, don’t borrow against it for alternative investments so use your expertise to induce out there and create higher investments for profit. Write contracts that defend you from things which will cause you to lose your cool. A decent contract can prevent hours of gratuitous anguish.

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Integrated townships gathering momentum

In cities like Delhi, Mumbai and others, your daily routine starts from home to office and then back home and the day ends there. This is because there is hardly any time or energy left to do something else. A regular person spends 2 hours  to commute daily to work in rush-hour traffic and spent as much time on the journey back home. Even if he loves driving, given the traffic and related problems, he can think of hiring a driver. Still, he is frustrated by the amount of time wasted on road and at the end of the day he never gets time for himself and his family. Thus evolves the concept of integrated townships, to save people from this frustrated lifestyle. A  township which has a shopping mall, multiplex, hospital, school, office and most of the necessary amenities within walking distance.

Real Estate Industry

Integrated townships have made  life very easy and comfortable. Integrated township projects are slowly gathering momentum as the concept of walking to work is picking up among city dwellers. Apart from the change in family structure  that is from joint family to nuclear family, growing income levels have led to a change in consumer profile. Built away from the rush and chaos of the urban hubs, many people are interested in shifting to these planned townships. They not only meet their demand of commercial and residential spaces but also improve their quality of life.  Due to huge demand coupled with economies of scale, an integrated township offers all these amenities and at a relatively low and affordable price. More consumers want plethora of amenities; such as, swimming pools, clubs, landscaped gardens, 24 hours security and housekeeping, which they do not get in the urban hubs, at least not in easy proximity. 

There is a marked lack of residential density in fast-growing cities such as Gurgaon, and State Governments are promoting integrated township projects by proposing the easing of development norms for such projects. The new plan of all the cities is not to expand the boundaries of their urban sprawl and provide a more holistic living environment and prevent the mushrooming of unplanned urban villages. 

In the next 2-5 years most of the metros and satellite cities will experience a fairly well growth of these townships made around. With the focus of integrated townships towards creating affordable housing as well as infrastructural development, the model is a prime candidate for being granted infrastructure status. If and when this happens, it will provide access to cheaper and more established sources of funds while also providing the kind of tax benefits to developers that are needed to make this model of development more attractive to them. The Central Government has already opened the doors for External Commercial Borrowings (ECBs) in integrated township development. This provides access to cheap sources of finance and has had a positive impact on this form of development.

www.cosmicindia.in

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Pick up in the requirement of Office spaces in Delhi-NCR

Office Space in Delhi-NCR

The National Capital Region (NCR) has long been considered as one of the prime office markets
in the country. The biggest pull factors for companies looking to set up big campuses are good
connectivity, planned infrastructure and ample affordable housing options for employees. Places like
Gurgaon and Noida have seen tremendous development in the past five years, and a bulk of new
supply is coming up in these very regions.

The NCR is expected to have fresh office supply of nearly 48 million sq ft in the next three years, with
fast paced growth in the IT/ITeS sector contributing hugely to the demand.

Most of the supply has come up in the peripheral business districts of Gurgaon, Noida, Greater
Noida and secondary business districts of Saket and Jasola; Noida and Gurgaon, though, continue to
be the preferred locations for companies.

The MNCs and corporates looking forward to set up their offices in India, were wondering whether
to go with the conventional wisdom of opting for the financial market of India or innovate with the
new emerging financial centres in Delhi-NCR in general and Gurgaon in particular. Most of the office
supply has come up in the peripheral business districts of Gurgaon, Noida, Greater Noida and the
secondary business districts of Saket and Jasola.

The proposed metro rail connecting Noida with Greater Noida, will further enhance the connectivity
of the sectors on the expressway and Greater Noida. Even though sentiments remain cautious in the
wake of the global economic scenario, we expect some green shoots of recovery, considering the
consolidation of domestic economic fundamentals and initiation of reforms.

According to CBRE, the fast-developing cities of Gurgaon and Noida, in the National Capital Region,
have seen some large multinationals fill office space during the quarter. In Gurgaon, American
Express and Cairn Energy have leased 200,000 sq ft of space each, Convergys and Salient BPO have
taken up 250,000 lakh sq ft and 40,000 sq ft, respectively. Fiserv has taken up 200,000 sq ft of space
in Noida. The last quarter saw a number of enquiries for expansion space also emerging, which
points to an improvement in sentiment over last year.

The debate as to whether Delhi-NCR is emerging as the new financial capital of the country or
Mumbai still holds an edge, depends on the given stakeholders' facts in hands, perception and
stake in the given market. However, what can be vouchsafed is the fact that from the office
occupier's perspective, Delhi-NCR in general and Gurgaon in particular holds an edge due to better
connectivity, infrastructure and fresh supply. Whether that takes it to the financial capital or not, is
something which is subjective at this point of time. http://www.cosmicindia.in/

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Rising Interest Rate Pose Real Threat

Residential property prices have increased by up to 10% in many major cities according to the latest data from the National Housing Bank.
The big positive that can be drawn from the current scenario is that the government recognises that a boost in the real estate market will help the weakening economy but this can only happen if construction costs are brought down and people are encouraged to buy their own homes. Banks and finance companies are still wary of financing the real estate sector.

A report from Cushman & Wakefield states that across the whole of India some 11.8 million units/homes will be needed by 2016. The figures are based on past trends for population and household growth and the income classification for households.
But there is a grave problem that lies in the middle of realising a well funded infrastructure for such residential projects and that is the hike in interest rates.
Rising interest rates in India are having an impact on the real estate market and are proving to be a deterrent to the sector, according to the Royal Institution of Chartered Surveyors (RICS).
There has been robust economic growth but that has created challengers for the property market, developers and builders. Political instability and indecision, allegations of corruption, issues relating to the environment and land acquisition, regulatory delays and inefficiencies have all negatively impacted on investment demand.
Surging interest rates in the country have also been a tremendous cause of concern. With several rate revisions having already taken place in the last year in order to dampen growing price pressures, RICS expects that a further interest rate hike is unlikely, at least in the near future.

Consumers too have been impacted by the steady hike in interest rates. With cost of borrowing becoming dearer on one hand and price escalations on the other, consumer sentiment has been adversely affected and the uptake in housing stock has seen a slowdown, resulting in over supply in some markets. Additionally, with inflation high and rising, real interest rates are extremely accommodative and have also started to exert upward pressure on commercial property prices.

Retail property, on the other hand might see an uptake with about 50% FDI allocation from last year. However, given the lack of political and economic consensus on the decision, international retailers may play the wait and watch game, prior to setting up business in the country.

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Realty is not Reality - Things to keep in mind

Yes they make promises but do they do what they say? Do they fulfil their commitments? The answer to these questions, most often, is a ‘no’. The Indian Real Estate raises the thorny question of unscrupulous builders who do not live up to the promises that they make to the customers and become a hindrance in the path of success of the industry.

We shall now take a look at some of the common problems that are faced by real estate buyers, and the way, certain builders create the wrong image in the minds of potential customers all around the nation. The aim is not to scare away investors and buyers, but to make people cautious so they can avoid getting duped.

• There are hidden clauses or points on the offered documents and even though the people from the corporate office may sit people down to explain the contract document, they generally do not get into specifics of such intricate points.
• Specifications of the built up area and the carpet area are one of the most common complaints of buyers against builders. Buyers are often misled by some builders regarding the money that they need to pay for the area that they are investing in. One needs to check and measure the area and make sure, that they are paying for the carpet area only and the rest needs to be specified separately under separate terms and conditions.
• People invest and book a flat or a house, with a certain monetary budget and plan, which is totally wrecked by such hidden costs. Thus customers are frustrated and tired of the builders who inevitably have hidden costs to offer with any transactions you make with them. There are many builders, who incorporate hidden costs in areas that would not be easily detected by the common man’s eyes.
• Several construction and housing projects fail on the parameter of authenticity. There are several bogus properties which lure investors and people with several promotional tactics. Often we hear of cases where buyers found to their detriment that construction has been stopped since the builder lack proper permission. Therefore, commencement certificate and its verification is a must to ensure that the building construction is authentic and under the legal specifications that are laid down by the local legal authorities.
• There are so many tales of buyers finding cheap local made fittings in bathrooms instead of branded quality promised initially. Often builders promise a plethora of amenities like swimming pool, gym and so on to attract buyers but these never really materialize.

Yet not all hope is lost. There are professional and truthful builders in the realty space. The one’s who desire to make huge profits and earn more money than ever estimated are the ones who often fall back upon these corrupt means and methods. And Cosmic Structures is proud to be one of the professionals in the lead of the truthful and trusted builders in the market ever since its inception.  

A buyer needs to be aware and careful at all times in order to stay safe from such damages. Forewarned is forearmed. We hope this article helps you to reject unknown builders in favour of a more well known and reputed ones.

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Greater Noida on a Development Spree

From a barren land to a full fledged integral part of NCR, Greater Noida is climbing the stairs of some major development year after year. Greater Noida is today, one of the largest industrial townships in Asia. It is definitely a residential hub with prestigious schools & institutions of higher learning, and zero pollution InfoTech & Biotech Parks.

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In order to provide a direct and hassle-free connectivity between Greater Noida and the National capital, Noida authority has decided to construct an elevated road between Chilla regulator (New Delhi) and Noida- Greater Noida Express highway. The construction of the road will commence after Delhi Government gives a nod. The 5.5 km elevated road will be a six lane stretch and the Noida Authority will bear the entire cost of the project. It is expected that over1.5 lakh motorists would use this road. The proposed elevated road, staring from Chilla regulator, will connect Sector 15A, Film city, Sector 18, Kalindi Kunj bridge and Mahamaya flyover in Noida city before merging at the Express highway.
The scope of development does not end here.
Chief minister Akhilesh Yadav has now decided to launch the ambitious heliport project in which the first one will be constructed in Greater Noida. This land has been chosen from three proposed sites in Noida and Greater Noida. The authority was exploring three sites, two in Sectors 143 and 144 of Noida and one in Knowledge Park-II in Greater Noida. Finally, the site in Knowledge Park-II was given the go-ahead for the project."
In the light of rapid urbanization taking place Greater Noida will soon be counted equal to giants like Gurgaon and Noida. One of the major ongoing projects of Cosmic Group in the area which is Cosmic Corporate Park, offers first-class access to technology, innovation & 7 star luxury. Situated in Greater Noida and Spread over 7 lakh sq ft. It is India's first absolute Green Building with LEED gold certification.  To know more about Cosmic Corporate Park,

Call: +91 9212377333

Or visit-  http://www.cosmic-corporate-park.com/

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