Property Prices Stagnant But Not Dropping In Goa

While property prices in the country as a whole are tanking fast, real estate in Goa is presently stagnant, but are yet to go down significantly, say real estate developers. Over the last four years, Goa has attracted huge investments for holiday homes from overseas Goans, NRIs and wealthy North Indians.
Real estate operators say that property with a good sea view is always in demand. Earlier, though, properties in interior Goa with a reasonable proximity to a city were also in great demand, sending land prices soaring.

The big property boom started in 2003, and never stopped till the US-based Lehman Brothers went bankrupt late last year. For example, land prices in Panjim nearly doubled in the last year. Other places, too, have seen better-than 20 per cent annual increases.
Since October, though, real estate demand has dropped to half, owing to the global recession and statewide protests against mega-projects. This has stabilised property prices, which have reduced by a minor 5 to 10 per cent. However, the industry expects property prices to drop by 20 to 25 per cent in the coming months, especially from small developers, who are not in a position to hold on.
Many of these small developers are from Delhi and Mumbai. They joined the gold rush to develop property in Goa but have now run out of money and are left with unfinished projects, thanks to the credit crunch. They have been the first to drop rates and resort to panic sales.

Reputed developers are hurt badly, but still prefer to hold on. They feel the present slump is the result of panic, and since land with clear titles is scarce in Goa, the prices are bound to recover and stabilise, unlike in Indias big cities and metros. Consequently, even those who bought land at very high rates in the past few years are not willing to cut prices.

Get Professional Advice By Professional Property Dealers On Chandigarh Real Estate

NRI investments in Chandigarh real estate are increasing with every single day. Not only residential property but investors are eyeing on commercial properties to acquire more profit. Chandigarh is Indias first planned city and its architect; Le Corbusier gained a lot of recognition from Indias well known leaders and other famous personalities. Chandigarh administration is also hugely responsible for making Chandigarh the City Beautiful. If you are looking for property in Chandigarh then the convenient and easy way to do so is to contact real estate agents. It is a fact that Punjabi NRIs have several properties in Chandigarh and they are investing huge money in Chandigarh properties.

Undoubtedly, real estate Chandigarh has a bright future due to the availability of large industrial sector. Availability of Rajiv Gandhi Chandigarh Technology Park has also influenced the property rates. Due to Technology Park, people from Mohali & Chandigarh are also showing their interest in commercial properties. Investors from all over India are investing in Chandigarh properties due to the lucrative options. Not only Chandigarh but properties which are positioned in the surrounding areas are also witnessing huge rise. It is a perfect time for investment but it is essential to utilize this opportunity in the right manner.

Approaching real estate agents Chandigarh is the right way to utilize this golden opportunity perfectly. Real estate agents have good knowledge about the existing and upcoming projects in the city. By staying in touch with them, you can always stay updated with all the available projects. Make sure to tell all your requirements to your dealer so that he can give you options to choose from. Industrial development is also on the rise in Chandigarh which is also pumping the residential properties. Almost all the properties positioned nearby Chandigarh are offering lucrative investment options to the people. Infrastructure of Chandigarh is also on the rise which is another cause of rising prices of Chandigarh properties.

Resale Option In Neharpar Faridabad Property

Faridabad forms an important part of the National Capital Region due to its proximity to New Delhi, and resale property in Faridabad has been specifically in demand especially by those individuals who are operational in Delhi NCR and are in need of a residential property which offers immediate possession. That, in fact, is the most important advantage of resale properties in Faridabad over new projects, as a resale property is ready to move in, and offers immediate possession, whereas there is a long waiting period while purchasing new projects, which is generally more than a year.

Resale property in Faridabad is also preferred over new projects as it offers a readily developed infrastructure and fully operational surroundings which include maintenance facilities, connectivity via road and other types of transportation facilities, whereas new properties are generally developed in a completely new location where the infrastructure and surrounding need to be developed from scratch, which often takes quite some time to become fully functional.Also resale property in Faridabad enjoys the benefit of being centrally located, while most new projects are coming up in secondary sectors.

The reason behind this is the unavailability of freehold land in prime locations; as most of it is already taken up and built upon, due to which new projects have to be set up on the outskirts where land is available in abundance. However, there are also a few parameters where resale property in Faridabad lacks when compared to new projects.

HARP Guidelines Will certainly Ease Refinancing Mortgage

If like countless homeowners you have been accountable, paid your loan on time even though it is higher than market cost, all the while watching those around you purchase and refinance at reduced and lesser costs. Well, good updates if at last right here. A show you are able to make use of to decrease your interest rate has certainly come along and you are ready to refinance. That is, the new HARP 2 Refinance show, which is proposed for home-owners whose credits are owned by Fannie Mae or Freddie Mac, and that are obligated to repay beyond the estate is worth, that are under water on their loan.

But as the show is argued roll out, it’s amusing. The inquiry often then develops: “Ought to I refinance? Exactly how numerous years could it take to pay this home loan down to just what my residence costs presently?” And at that point some home-owners consider the real alternative of doing a brief purchase.

Definitely there is nothing at all wrong by having a short sale. Lots of folks are selling their homes for less than it is presently worth, and the loan provider is betting along and also taking the decline.

Understanding Order Of Liens On A Property

In order to buy a tax lien property you must first decide which states or counties are conducive to producing conditions that will allow you to end up in ownership. In addition you may want to consider purchasing tax deeds instead, as the process is set up in a way that gives you a better chance at property ownership.

Before you buy a tax lien property you have to purchase the tax lien certificate first. In order to get a certificate you will have to bid on the sale in many cases. This process can differ from state to state, and county to county. The bidding process starts at 18% in Orange county Florida and they in fact begin to bid down from there. In other words, whoever is ready for the lowest amount of interest will end up winning the certificate.

In general, assuming that you win the bid for the tax lien property certificate that you are interested is to foreclose on the assets that you have. This process varies from state to state but usually you will have to wait until the redemption period is over, in order to start the foreclosure procedure. The redemption period can differ anywhere from six months to a few years.

When renting a property, what does DSS stand for

It stands for Department of Social Security. It basically means that the landlord does not wish to accept tenants who are in receipt of benefits (i.e. Housing Benefit) from the government. This was the old name for the Dept. of Work and Pensions; and “No DSS” basically means that if you’re on the dole, don’t bother applying. If you do not receive Housing Benefit, are employed and can pay your own rent in full, it is unlikely to be a problem for you. Many landlords do not accept DSS. It is unfortunate, since not everyone that receives benefits is a ‘dole scrounger’. It’s actually quite ironic – since those who get their rent paid by the government are far more likely to pay in full and on time than some others who can supposedly afford the rent! The department of Social Security (DSS) is responsible for most of the help for people with disabilities. Responsibility for making policy lies with the DSS. This includes setting the framework of policy objectives and resources for the delivery and administration of social security benefits. Having trouble looking for dss properties? We source have landlords that will accept housing benift tenants all over london.hat will be your tenant for 1-25 years? Our company established in 2002 has assets, full set of company accounts, bank references and references from other landlords. We will guarantee rent will be paid every month on time without fail.DSS ACCEPTED is the new, quick and easy way to search online for all the latest DSS ACCEPTED property listings. In Dss accepted We guarantee property hand back in a similar condition subject to fair wear and tear and if you want to sell it, we will sell it for free with our partner agency. We can offer fully managed solutions or a custom solution whatever you want. This should be your one stop property investment shop. We can help with finding legal aid solicitors and fight rogue landlord. We will do all the serving of notices, court paperwork and instruct baliffs for free (courts and baliff costs separate). As long as you sign us up as a long term tenant on vacant possession. We will even pursue your old tenant for monies owing for free! Also we offer No Deposit, Flexible terms, No Agency fees, no renewal fees, no checking in/out fees,100% rent covered, Help with forms and tenancy, No Gaurentees, No References.

Should I Buy New vs Existing Property

The most common question that hogs every home buyer is the choice between a new vs an existing property. Both have their share of advantages and disadvantages. A thorough research is needed to get a good property deal. Moreover since you buy a house not once or twice a year, you need to look at all the aspects and get your dream home. To make our choice easier, the VP of Real Estate Guidant, Sangeeta Shah, explains us the advantages and disadvantages of new and existing home. One of the main reasons that gives a new home benefit over an old one is less maintenance and remodeling cost and efforts. A new property will not need any renovations or modifications for atleast first couple of years. The walls, the landscape, the garden, the flooring all bear a fresh look. A new home also promises modern amenities and facilities unlike older properties. Another most important reason that new home score well over old home, is good resale value. If you are looking for a short term goal or have an immediate plan of selling the house and moving in a new one, then a new property surely fetches you more bucks. If you wish to settle in with a new property, just make sure that you do not have budget constraints. It is understandable that a new house is more expensive as compared to an old house. However, if budget is restricted you can settle for an old property. Apart from budget, an old house also has its share of advantages. One of the main advantages of an old home is an established neighborhood. You know how your area looks like, you know about your neighborhood, schools, cafes, eating joints and the facilities your area offers. Old homes also have bigger and better space area. They have sprawling gardens, bigger rooms and slightly traditional interior that give a royal feel to the house. It can be said that it is an entirely personal call to choose between old vs new property. Just look deep into the factors that you believe the most and decide thereby. The choice is between maintenance cost vs higher price and resale value vs space. Make a wise choice and enjoy living in the home of your dream.

Article written by Dravya Kapoor, International Real Estate Consultant nt

Ways To Keep Good Records Managing Your Rental Property

When it comes to real estate property you must know how to keep good records and managing your rental property at all times. If you purchase one property, you might be able to get by with stuffing receipts and cancelled checks, but if you own multiple properties, you’ll need a better way to organize your finances or you will lost a lot of accounting.

No matter how little money you earn through rental income, you need to keep track of it for tax purposes. If you have only a handful of rental properties, you could probably track your rental income using a computer program.

If you have dozens of properties, you’ll probably be better off hiring an accountant. An accountant can not only free your time but also advise you on the best way to save on taxes and keep track of rental expenses.

Things To Be Consider While Buying Or Renting Property In Delhi

The real estate market of Delhi is growing at fast pace. To own a property in Delhi is a dream of every second individual of India. There are large number of accommodation options are available in Delhi such as house, studio apartment, villa and commercial properties. Real estate Bazaar of Delhi is becoming hot day by day and has shown an incredible growth over the past few years and there has been a sudden increase in property prices of Delhi. Having an own property in Delhi is the matter of pride, any person feel lucky himself, when somebody addresses him as a landowner especially in Delhi, buying house for sale in Delhi and NCR in not an easy affair. You have to mentally prepare yourself when you want to buy property in Delhi or in any other metropolis.

Buying a property in Delhi is a long term investment but to afford the property rates is not possible for every second person. In that case one can go for the house for rent in Delhi. You can choose the house for rent as per your budget and taste and rental value of house is depending upon the location you select. But if we analysis the present scenario of real estate market of Delhi, the house for rent in Delhi is huge in demand relatively to house for sale in Delhi. If we talk in form of statistics then it is predicted that the demand of house for rent in Delhi is around 60% where as the demand of house for sale in Delhi is near about 40%.

Below I am mentioning the few steps which have to be considered while buying house for sale in Delhi or house for rent in Delhi.

South Delhi The Most Happening Residential Place In Delhi Property Market

South Delhi is the most happening residential place in Delhi property market. The major residential localities in South Delhi include: Ashram, Amrit Puri, Alakananda, Anand Lok, Amar Colony, Bijwasan, Bhogal, Bikaji Cama Place, C.R. Park, Defence Colony, Central Market, Delhi Cantt, Dilshad Garden, East Of Kailash, Deoli Village, Freedom Fighter Colony, Ghitorni, Friends Colony, Gautam Nagar, Golf Link, Hauz Khas, Green Park, Greater Kailash, Gulmohar Park, Jasola Vihar, Kailash Colony, Jungpura, Jasola Vihar, Jamia Nagar, Kailash Colony, Lajpat Nagar, Kalkaji, Khan Market, Nehru Place, Munirka, Mahipalpur, Mehrauli, Malviya Nagar, Malviya Nagar, Netaji Nagar, Okhla, New Friends Colony, Nizamuddin, Okhla Industrial Area, Niti Bagh, Safdarjung Enclave, R K Puram, Panchsheel Park, South Extn., Sudarshan Nagar, Sheikh Sarai, Saket, Sangam Vihar, Sarojini Nagar, Sarita Vihar, Sarvpriya Vihar, Vasant Vihar, Sunder Nagar, Vasant Kunj, etc. Being the most prominent residential parts of Delhi, the real estate market in these locations of South Delhi is vibrant with talks, deals and transactions.

South Delhi has been rated to be the most preferred residential place of most of the people who look for a hassle-free accommodation. Be it businessmen, corporate executives, government servants or public sector employees, South Delhi is their first choice when residential property matter is concerned. This has made property market in this location very much vibrant and active. Hotel Leela Ventures Ltd. alone has invested recently Rs.611 crore in this region primarily because of the popularity of this place. It was through a highly competitive bid the Leela group acquired the property. The group outbid other players such as Emaar-MGF, Indian Hotels, Uppal Builders, ITC, Park Hotel, Positive Builders, etc. to grab a 3-acre estate in the heart of Delhi by paying a hefty sum of Rs.611 crore against a reserve price of Rs.300 crore. Reportedly, this high priced plot is to be changed into deluxe apartments and other residential complexes.

There are reasons for the upward trend in South Delhi residential property market. A high-paying corporate sector, Central and State Governments’ salary hike, presence of world class property developers building trendy residential units, etc. have lent a fillip to the real estate market in the region. Estimably, property values are to go up in the coming years as there is a mismatch in the demand-supply matrix. The national capital of India, a leading industrial centre, the primary educational centre, etc. are factors which trigger migration to Delhi and this in turn has augmented the demand for residential property in South Delhi. However, a number of mega residential unit projects of the major infrastructure development companies are going on at different locations in the city.