Top mistakes in real estate investment in India

Why do people invest in real estate? Is it always a profitable venture? Are there any risks involved in a property deal? What should you do to ensure that your investment gives you the right returns?

 

Investment in real estate has the potential of earning high returns. However, like any other investment, trading in real estate is not without risks. Property dealings can become a handful, especially if you are an amateur in this field. Here are a few mistakes that people often make:

 

Not thinking matters through

 

Real estate is a big investment. It is something that most people go in for only once in their lifetime and it may be a decision that affects their lives in a big way. However, a common mistake that investors make is not to plan their purchase. It is important to think things through before you put money into a property. Your plan should cover all the factors that are necessary to reach an informed decision – the type of property, the locality, the rate of return you seek, the purpose of the purchase, budget and more.

 

Money matters

 

Real estate should not be a matter of impulse buying. Often people make the mistake of going overboard on the cost of the house, thinking that they can make up for the shortfall in funds sometime in the future. Get your finances in line first. Talk to your financial advisor and also work with your bank on the loan amount before you finalize your purchase. Once you know your budget, do not exceed it.

 

Market research

 

A common mistake – people try to isolate their deal from the market environment. The property prices, value appreciation and your bargaining capacity all depend on market trends. A thorough study of market trends will also help you forecast the growth rate of your property.

 

Flexibility

 

One cannot make hard and fast rules for a real estate investment. People often have a fixed set of ideas as to what they wish to do with the property. However it is important to keep room for changes, to maximize profits from your investment. For example, if you cannot find a good buyer immediately, your plan should be able to accommodate renting out the property for a while before finally selling it when the market is right. Have a contingency plan ready.

 

Property is an investment that often has emotional associations that could skew your decisions. Today there are professional courses where one can understand the protocol of real estate investing and also be educated about the common errors people make.

 

Do you think it worth arming yourself with such objective information before you invest in property or would you rather go by your instincts? Have you had any bad experiences you’d like to warn other readers about?

NAGPUR IN AMONGST THE FASTEST DEVELOPING TIER II CITIES OF INDIA.... Investment in Nagpur will become golden opportunity...

Know by many names, a popular tourist destination, the land of oranges or the second greenest city in India and now an international hub, Nagpur is one of the emerging hotspot of western India. Over the years, the city has transformed into a metropolis with luxurious residential complexes and improved infrastructure that have changed the skyline.

Nagpur has been growing consistently at a quick pace and the trend is expected to continue in the coming years. The growth is due to many allied factors. Nagpur lies in the heart of India. Strategic positioning gives it an edge in terms of connectivity and accessibility. Large open spaces make planned development possible .

The geographical lay-out also enables sound connectivity to Nagpur. India’s two major National highways (Kanyakumari-varanasi (NH-7) and Mumbai-Kolkata (NH-6) pass through the city. The other Highway Number 69 Connects Nagpur to Obiadullaganj near Bhopal. Nagpur is at the junction of two Asian highways namely Ah 43 Agra to mantra and AH 46 Connecting Kharagpur on AH 45 to Dhule on AH 47. In fact, Nagpur is connected to 55 important cities by express trains.

Also being the logistics centre of India, Nagpur is the site for the most Ambitious project of Maharashtra the multimodal international HUB Airport at Nagpur (MIHAN SEZ). Spread over 4025 hectares, it is on of the largest multi product SEZs in the country. The proposed Special Economic Zone will be supported with world class Infrastructure and supporting services like the rail and road terminal with support system like International School, Health City, Power plants and so on.

The opening of the city to IT and ITeS has attracted the young population. Availability of skilled and sufficient work force has attract many industries. A number of It giants like premier technology Group, Lambent technologies, Control IT India have spread their base in Nagpur which has created a surge in the realty market making. Nagpur one of the fastest growing the tier II cities.

The huge inflow of working professionals shifting base to the city with the increasing  job opportunities has given a boost to both residential as well as commercial demand. Many renowned developers are coming up with housing township with Nagpur, catering to every kind of buyer.

Saurabh Tayal , president , KSL and Industries says, “ The realty market in Nagpur is booming and being the second capital of Maharashtra, Nagpur is offering all Kind of services from schools, hospitals markets, banks, malls and lifestyle shops. As compared to Mumbai and Pune, Nagpur is an affordable location. We have our project Emprees City and would be launching Emprees Terraces in Nagpur on Gudipadwa this year with a special offer of attractive prices for early buyers.

The city is expanding in all directions with peripheral areas seeing more development . Areas like Marathahalli, Dhantoli, Shankar Nagar, Amravati Road, Ramdaspeth, Wardha, manish Nagar are seeing extensive development and commanding prime rates. Also some of the best projects are coming up here . However civil lines is steel a premium location with upmarket properties. Also a large NRI base is attracted towards the city due to its sound connectivity and ample opportunities.

Anil Dahikar , an estate agent from the city says, “ The overall market of Nagpur has been good with several areas becoming hotspot for investment. In north Nagpur "Ramnathcity" is the best place for investors.

Along with the booming realty market and IT centers , the modern city is still bless with scenic natural beauty and wildlife forest with several places of Interest like Ambazari Lake, Sitabuldi front in the city while places such as Pench National Park, Bor wild life Sanctuary, Mogarkasa wild life Sanctuary, Navegaon National Park, Tadoba National Park, Nagzira wild life Sanctuary are located closed by. Ramtek the famous piligrimage center around Nagpur is also worth seeing.

Nagpur is now on a highly progressive path in both residential and commercial sectors offering all coupled benefits of conducive work and peaceful residence . No doubt, Nagpur is a city to watch out for!

Nagpur, a hot destination for mega developers..

CRISIL research predicts realty growth in Nagpur

 

Nagpur a second capital of Maharashtra, is new hot destination for large real-estate developers. A recent report released by CRISIL Research –“Reality Next: Beyond the top 10 cities of India” included Nagpur as fast growing city in the country.

The report state that the growth prospects in the smaller cities are attracting large developer with multi city presence. A few large developer already have a presence in Nagpur, Bhopal Lucknow, Indore, Jaipur, and Coimbatore. Many of the developers are building land banks in these cities.

Price stability and growth prospects of these smaller cities are attracting large real-estate developers. Now the developers are diversifying from metro cities with an eye on future growth. The report estimated the sales of new residential apartments in 10 such smaller cities at around Rs. 180 billion in 2012.

“The proportion of buyers talking home loans is relatively less in these smaller cities. A gradual increase in penetration of home loans would boost demand. Moreover ,a shift in preference from independent house to apartments will also support volumes,” said Prasad Koparkar, Head Industry and Customised  Research, CRISIL Research.

The study details the planned supply, the expected demand and the outlook for prices in 65 submarkets across the 10 cities: Bhopal Bhubaneswar, Coimbatore, Indore, Jaipur, Luknow, Nagpur, Surat, Vadodara and Visakhapatnam. Almost 354 million sq ft. of supply has been planned in these cities over the next 3 years.

The study finds that the smaller cities offer better price stability and demand growth. It foresees price rising in seven of the smaller cities. In contrast, price are likely to increase only in four of 10 large cities-Ahmedabad, Bengaluru, Chandigarh, Chennai Hyderabad, Kochi Kolkata, Mumbai, Delhi and Pune.

Affordability in Smaller cities is greater, as prices have not risen as much as in the large cities. Prices increased only by 10-20 per cent in the smaller cities over the two years up to April 2011. In contrast, prices rose by 25-30 per cent in the large cities.

North-Nagpur's destination Next....

With the bubble of hope taking longer than promised to rise up high in the south and west side of Nagpur thereby almost bursting the hopes of real estate investors in the area, the North of the city now seems to be the destination next. Silently but steadily keeping the pace of development steady since the past few years this part of the city is emerging as the best place to make realistic dreams come true.
Development in Nagpur isn't necessarily concentrated along Wrdha Road alone.A cursory glace would confirm that all major roads leading out of the city are also witnessing phased development,as buyers too are looking for areas other than Wardha Road to avoid future congestion that seems most likely to occur.
The very first and basic needs that citizens moving to a new area need to have are quality educational institutions; with six engineering colleges,eight CBSC/ICSE/state board schools, catering college, pharmaceutical college and a lot more coaching institutions already operating in the area North Nagpur too is also becoming educational hub.
The power plant expansion project at 'koradi is nearing completion; this is likely to develop huge employment opportunities, direct or indirect. The Gorewada Zoo another national level project is also underway.
On the infrastructure front the four lane highway, part of national level Golden Quadrilateral project work is in progress. Koradi road too is becoming four lane road from mental hospital square,with flyovers on railway crossings and high mast lamps making it a smooth ride to and from the north of town and the city making commuting an easy task.
Areas such as Hazaripahad on Katol Road,Godhni on Koradi Road that leads right through the city making commuting an easy task.
Areas such as Hazaripahad on Katol Road,Godhni on Koradi Road, Dhaba on Amravati Road and Bhilgaon Kamptee Road, Which were considered too far away earlier have undergone a total makeover and how boast of several flat schemes and township that are proving to be a hit with buyers.

The Cynosure of all eyes...

I have been fortunate to be associated as Financial advisor  with Ramnath City,right since the project was conceptualized. Ramnath City brings a fresh perspective to fine living in Nagpur. Right from designing to the amenities, its green environment and excellent execution, bears a stamp of Ramnath Group and SICOM Reality. It also contains many unique features including piped gas supply, power from express feeder and most essentially , abundant water supply. the homes have been well designed with excellent landscaping all over the walled township. the Villas and Flats are reasonably priced. These features have attracted many professionals who have made Ramnath City their Home. I can say with confidence, that Ramnath City is so far the best township with which I have been associated as a professional. Overall,it is great to be a member of 'Team Ramnath City'.
                                                                               
                                                                                                                               - Sitaram Iyer
                                                                                                                    Financial Advisor to the project.

Ramnath City- A Complete Living Solution

There should be a point in life, when you can stop, take a deep breath and say 'I deserve'. i deserve to relax, I deserve to enjoy and I deserve to give. tree-lined avenues, sculptured lawns, perfectly structure beautiful houses, spotless streets, ambient life ; you deserve that life of quite convenience and elegant comfort; a game of cards, maybe shooting pool, or watching the recent movie, at a conveniently located mini theater, all under one roof.
              With increased purchasing power and changing concepts of lifestyle, mere houses are not what we are looking at. We nurture the dream of homes that are complete in all aspects of desirability,whether aesthetic,,functional, or sustainability. The solution in Ramnath City- an integrated township, where this lifestyle is complete with quality construction, quality green spaces, quality water, quality air, quality electricity, and quality infrastructure.
               There comes a point in life, when your efforts find success and recognition. when the world looks up to you, admire you and take you as a role model. and then you desire your Signature Lifestyle.

Ramnath City - The Lifestyle Destination

                A city can never be considered well-developed if progress is visible in just one or two selected areas, while the rest of the city remains neglected, which is the case in most two cities across the country. However, this yardstick cannot be applied to Nagpur, Maharashtra's second capital - The Heart Of India-  and now the cynosure ao all eyes. The city has been making remarkable progress for the past few years, spear headed by ambitious projects such as multimodel International Hub Airport and the SEZ. While these projects are on Wardha road, the effects of development have also cascaded throughout the city. Areas opening into prime future investment, as the main city limits fight for space.
                 For instance, consider the Nagpur-Bhopal Road, which has been declared as a National Highway and is being developed as the 8-lane Bhopal express. Apart from this, the NHAI has also undertaken the development of the Outer Ring Road, which will surround the city along the periphery, with connecting roads for entry into city. The Koradi Road is the nearest approach to the Outer Ring Road.
                 The railways too are doing their bit with the proposed Godhani railway station. With an International zoo, a branded hospital and grand metro region planning, the Koradi road is being developed in sensitive way. Prime schools and colleges such as Tuli Public school, Modern  high school, Poddar high school, Bhonsla military school, Jain Institude of  Technology, Central India College of Engineering etc., are located around this India. The seats of power Raj Bhawan and Vidhan Sabha are also nearest in location from the Koradi Road.
                  With the Outer Ring Road running in front of toen of the township, Ramnath City is located strategically and poised to be The  Lifestyle Destination of Nagpur....

20 super luxurious villas at Ramnath City Extension phase

Ramnath group has brought Ramnath City on Koradi road a modern township with all the luxurious amenities and facilities, now they are coming up with extension phase also offering the large exclusive villas Bella Palazzo each costing 1 Crore 28 lacs only, which has many internal and external living spaces and is built using finest materials. The villas are designed with the tropical luxury in mind and offer 4 bedrooms, 4 bathrooms and 2 car parking spaces. The plot gives this sizable home an additional feeling of spaciousness. Ramnath City providing peaceful environment, green area of about 9 lacs sq ft , communal facilities include a club house  with swimming pool , spa , fitness club and meditation centre  along with 24 hours security , which is just 8.8 kms from zero mile.

Few families are already staying and enjoying the tranquil and peaceful living of signature lifestyle.                                                                           

For more details call or sms on: - 1800-266-3132   

Ramnath City - A Signature Lifestyle: Amazing duplexes at Ramnath City -Bella Capanna , ...

Ramnath City - A Signature Lifestyle: Amazing duplexes at Ramnath City -Bella Capanna , ...: Are you bored of those similar looking, uninspiring apartments in Nagpur? You think residential properties in Napur are stuck in a fixed fr...

Amazing duplexes at Ramnath City -Bella Capanna , Bella Casa

Are you bored of those similar looking, uninspiring apartments in Nagpur? You think residentialproperties in Napur are stuck in a fixed framework? If you are tired of those same old kind of residential properties in Pune, you would not be, anymore.

Thanks to the new age builders in Nagpur, a lot of innovations are being done in the design and the basic themes of the residential projects to cater to the demanding home buyers of today. Ramnath city's Bella Capanna & Bella Casa  completely fits the bill of sophisticated, urbane dwelling, with all the comforts. 

Comprising of exquisite 3 and 4 Bedroom Duplex Apartments designed as a Villa, Ramnath city's Bella Capanna & Bella Casa redefines luxury housing in Nagpur real estate scene. Although at first sight, the exteriors of the project are nothing to write home about. But your mindset takes a rapid u-turn once you enter the complex. 

The moment you enter the house, you are filled with a sense of exaltation and luxury. These duplex apartments at Koradi road are very spacious and measure between 1680sq. ft to 2560 sq. ft and are very well crafted.


As far as the location is concerned, it is extremely convenient, at nagpur,8.8 Km from Zero Mile, Outer ring Road,
Koradi Road.this Nagpur property is meant for those who are looking for something more than just a living space. Come home to luxury and magnificence at Ramnath city's Bella Capanna & Bella Casa.

Akshay Tritiya - an Auspicious Day

An auspicious day, the word Akshay means eternal or imperishable. Initiations made or valuables bought on this day are considered to bring success or good fortune.People tend to invest in gold, property and other valuables on this day. In 2011, the date of Akshaya Trithiya is May 6. As per Hindu astrology and almanac, each second on the Akshaya Trithiya day is auspicious. It is said that there is no need to look for a ‘muhurat’ on the day.Anything started on this day is said to flourish and grow. So why not invest in your new home and see your life flourish with happiness, health, wealth and success?

Ramnath City is Ready – Are you There?

All of us look forward to create a life we want; we want to live out our dreams. However, dreams need to be out of the box; something about which we are often not sure. Not often do we get a chance to fulfill our dream. So, when we do get to make a choice, we should be smart enough to recognize it.

As long as you seek permission to live your life your personal freedom is compromised. You can play it safe, choose safe or be different; different enough to try out something new. A lot of IIM and IIT grads are choosing to ‘travel the less-travelled road.’ This choice is not only available at our career points but also in the various aspects of our life such as choosing our friends, our social life, our surrounding environ. It is not only important to identify your dreams, but also the foresight to recognize the opportunity when it comes your way and to have the courage to follow it.

One of the most important choices we make in life is in choosing our home. A home for most of us is a once-in-a lifetime decision and should be made with lot of considerations. Considerations about the location, architecture, the layout plans, the environmental aspects, the safety factors, the convenience parameters, the luxury components; the list can only get longer. Nothing can be left to chance, as far as our dream home is concerned. We all go through this process – try for the very best that will keep our family safe and happy. Most times we get some and have to let go of others.

Ramnath City is the vision of Ramnath Group which has maintained quality, commitment and confidence, as its trade hallmark. The township is the ‘dream come true’ of people who dared to be different; different in planning a world-class project, with green building components. Different in selecting the best, but as of date, an under-valued site. Different in employing renewable energy, in powering various township facilities. Believing in superior construction, absolute transparency and total commitment to its patrons. Different in creating quality with capital ‘Q’. So, it is not surprising that this is one developer who is not moving away from the scene, once the township is functional. The maintenance of the township has been planned on a world-class model that will be a joint association of maintenance professionals and selected township residents.

What better inheritance can we give our children than a world class life where sustainability is the lifestyle? Since this is the only planet we have, it is a sensible decision to take care of it. The opportunity of a different choice is here. Do you recognize this opportunity?    

Ramnath City is ready. Are you there?

An Integrated Township – the Complete Solution

The attempt to solve urban housing problems has created what can be best described as ‘suburban residential areas.’  Modern urban living can attain lifestyle status only in integrated townships, which are not mere condominiums or apartment complexes.

Thirty years back, when I was growing up in the staff quarters allocated to Central Government officers, I did not have a clue to lifestyle living. We stayed in two BHK flats, that had white-washed walls, huge dome-shaped fans that hung from high ceilings, a kitchen that had a built-in coal ‘chullah’  and a look that resembled factory-line production. The exterior walls got a fresh coat every alternate year, the fans were taken down and oiled annually, and the interior walls were painted once in every five years (fashionably referred to as lime wash). All this, the government paid for. We had the government maintenance system; a complaint had to be registered for a leaking tap, a faulty cable or a loose hinge. Services were pretty good. Within 24 hours the job was done and the complaint closed. We had our own medical facility in the form of doctors and dispensary.

Looking back, I recognize a feeble attempt to employ certain facilities that are features of what we today refer to as ‘integrated townships.’  My friends who stayed in individual houses or the private flat schemes, complained about maintenance issues, non-existent security, and other aspects of daily living. Today, in an attempt to solve the gap between land availability and increasing population of the urban areas, condominiums and apartment complexes have mushroomed across metros and the first and second tier cities of the country.  However, the planning for such residential areas has ignored the most important issue of infrastructure, thus reducing them to mere suburban residencies. With increased purchasing power, changing concepts of lifestyle living and availability of world class facilities, we are not satisfied with mere houses but nurture the dream of homes that are complete in all aspects of desirability, whether aesthetic, functional, or sustainability. The solution today is an integrated township and the good news is that this solution is available and affordable in your city today!

Having said this, the best way to describe an integrated township is ‘a living area that is self-contained in terms of basic infrastructure.’ For example a social infrastructure that includes community life, recreational facilities and medical facilities. Water and electricity supply and management, telecom services and linkages through a proper network of roads are essential requirements. Garbage and waste management, sustainable use of water and energy, shopping, entertainment and food courts complete the picture. Today such an integrated town ship has come up in Nagpur. Are you there?

Go Solar – Let’s take Advantage of the Sun

Have you ever reflected on the fact that we are wasting over two thousand sunshine hours annually? Have you ever thought how much cooking fuel you would save, if you let the Sun do the job?

While in Ahmedabad, I had the good fortune to meet an environmental engineer who had made it his life’s passion to take full benefit of nature’s resources, albeit in a sustainable way. Dr. Girja Sharan, of IIM (A), did not want to waste the ample solar energy that was available in Kachchh. So, he designed, what later came to be stylishly referred to as Sol-Café. Now, Sol-Café was not some French design cutomised for Kachchh roads. These were cafeteria’s, which had solar panels placed strategically, to catch the Sun’s rays at the perfect angle. The cafés made all the delicious snacks for which Gujrati’s are famous. The same principle was adopted, to provide solar kitchens for various schools in the interior of Kachchh. Not only were the schools saving on money, it was also using a renewable source of energy and the outcome was healthy nutritious food. How appetizing is that!

There is more food for thought. Just imagine that you are leaving for the day and plan to be back by dinner. Late evening, when you return, you have rice, dal, chicken, and kheer – a four course meal warm and ready, with all the goodness of natural ingredients preserved. All these and more can be done with solar energy. Does it not make sense to use Sun’s energy, when we have the luck to have it uninterruptedly for almost eight to nine months in a year?

Solar energy is increasingly used in various ways, as it requires little maintenance and is cost-effective in the long run. Water pumps can be powered by solar energy. Solar energy can be used to heat residential homes; many people use solar energy to heat their water supply; in Florida, people use solar energy to warm the water in the pool. A photovoltaic cell installed on the roof, collects the solar energy and warms the heat transfer fluid, which in turn warms the water.

Here in Nagpur, there is someone who cares enough to make the Earth a more tolerable place. A place, where street lights and pumps, will run on solar power. As individuals, we can also start using solar cookers and solar heaters. The options are unlimited; it just needs some innovative thought and a gambler’s intuition; this is one stake that won’t be a loss.