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Real estate agent: Great helping hand

A real estate agent has emerged to become a great helping hand for the ones who desire to purchase or sale their real estate properties.

Before purchasing an apartment, many people consider taking the aid of a real estate agent. This way, it becomes easier to get adequate help and right assistance. The one who is looking forward to buy or sell an apartment may not know anything about the current market condition. On the other hand, the real estate agents have got accurate information about market stability conditions and they are the best persons to whom one can seek assistance. Without their assistance, the entire process of buying and selling of homes and apartment can be a difficult task. If one is not aware of the present market situation, it is better for him to hire a real estate agent and benefit himself with the proper guidance of the agent.

The procedure of purchasing and selling becomes a whole lot easier and simpler with the correct guidance. Simple things can become difficult if one does not have proper knowledge of the actual market prices. It is important to hire a perfect real estate agent who has got all the information related to increase and decrease of the house prices. There are many benefits of hiring the services of an agent who is an expert in the field of real estate investment. Some of the benefits have been discussed below:

(a) Expert guidance: This is by far considered to be one of the most essential requirements in terms of buying and selling of real estate property. An expert and reputed agent serves the buyers with proper assistance in terms of shifting in market prices.

(b) Time-saving: The moment you hire an expert for handling the issues related to real estate, then he completely takes the charge and saves a lot of time of the buyer or seller as he can continue with his work.

(c) Active Representative: Owing to the market complications, it becomes immensely difficult for the buyer or seller to answer all the questions related to the purchase and sale of the real estate property. Hence, a real estate agent is hired to represent the buyer or seller who has answers to all the queries.

Which place in Kolkata is a better option for plotted investment?

The plotted development in Kolkata put forward a lucrative avenue for investment in the realty sector for the Kolkatans. At present plots of different sizes are available in the city and its outskirts conforming to the budget of the different potential buyers. Let’s take a quick glance on the areas that are potential enough for a fruitful plotted investment alongside buying residential apartment in Kolkata.

South Kolkata being an important location in the real estate map of Kolkata offers great options to the buyers in terms of retail shops, plotted investment and residential apartment in Kolkata. The areas that have gained great popularity in the context of offering favorable plots for buy include Diamond Harbour Road and Baruipur. Although both these locations lie in the outskirts of the city but still they have grown by leaps and bounds during the recent years with huge scale of development in terms of transportation networks that well connect the city with its suburbs. In the last two years or so the locations have seen a rise in the capital value by 15-30 per cent at least.

A buyer can easily find plots with area ranging from 1200-2500 sq.ft and even more. The plots are available for budgets as low as 10-20 lakhs or even lesser. The best part is that these same areas have great potential to get enhanced in their valuation over the next few years. Therefore investing on them will stand as a profitable option no doubt.

At the same time areas like Joka, Pailan, Amtala are also places where plots are available in huge scale and at favorably low price. Investment on them will indeed bear great fruits in due course. The extension of the metro railway network across the city is one of the vital driving forces behind the growth of these areas as lucrative investment options. This is the reason; they are the hot choices at present over buying retail shops or residential apartment in Kolkata.

Investment on plotted land has emerged as one of the great options in the realty sector in the city. They are rather more popular options over buying a retail shop or a residential apartment in Kolkata. Here is a brief look through the different regions having immense potential in that context.

Tips to Buy and Sell Residential Apartment in Kolkata, India

Real estate business is a highly unpredictable business venture in India. Buying and selling of real estate property has equal probability of both profit and loss. Timing is the keyword in any real estate property dealings. Selling at the right time can result in huge profits.

The basic idea to make profit in real estate business would be to buy when the prices are low, hold the property till you feel the value has reached its peak and has saturated, and sell it out keeping a huge profit margin. But the problem which usually arises following this rule is the huge maintenance costs involved during the holding period which increase manifold in the metropolitan cities such as Delhi and Mumbai. This waiting period is very frustrating as you only have to incur expenses, which might reduce your profit.

Here are certain tips for a committed and serious real estate investor:
1. Decide what to sell?

Choosing the right kind of property and the proper investment method is highly important. Different kinds of property should have different ways of investment.

The most reliable property in which one can invest in to get an assured return on investment (ROI) is rental property. Rental property comes for as low as Rs. 5-6 lakhs in small towns. I am from a small town called Durgapur in West Bengal and I know how these properties are selling like hot cakes here. What one has to do is to simply stay in the house for a period of time; repair it occasionally for which you can also get tax exemptions and finally sell it. Although returns are guaranteed in investments of this nature, they usually trickle down slowly.

Owning commercial property is a better proposition compared to business property as the hassles of repairing the property as in a residential property is greatly reduced. Investing in such property usually bears good fruit. Location and infrastructural facilities should be taken into consideration while investing in commercial property. You get a better price for a location where you get the Metro, Railway stations, Bus Stands and local bazaars easily.

Owning a plot of land and selling it at the right time is one of the easiest and most profitable kinds of investment. This kind of investment doesn’t have any recurring costs associated with it and is thus a pretty safe investment. The waiting time can be particularly long in investments of this sort.

2. Gauging the Market

In real estate business you have to be always very aware of the existing market conditions. India is a very fluctuating market, so keep an eye on it. Buy when few are actually buying else you may have to buy in the listed price. Sell at a time when you are in a position to make a good offer. Calculate the time value of money before declaring the price. Keep note of the expenses incurred during the holding time.

3. Pricing

This is the most important part of a real estate business. You have to be smart enough while pricing keeping in mind the competitive environment, the future utility of the property and other important issues like location of the property in the cities of India and the demand of the particular property. Thus, you can easily expect Rs 8-10 lakhs for a 3 bedroom flat in the Gurgaon region, which is the upcoming technical hub of Western India.

These are the few tips which can help in your decisions of selling and buying real estate property, but ultimately it is your will to take a risk and your vision which will make you reap good benefits from buying and selling of real estate property in India.

Source: Property India News

Real Estate Residential Flat in Kolkata

Real Estate Kolkata developing with tremendous growth. Construction and infrastructural growth is on the rise in Kolkata. Being the capital city of West Bengal, it has got superb opportunities in the future. It is one of the largest cities in India with a population crossing well over several millions. The need for the developmental activities is enormous. Keeping in mind the future prospects Kolkata is riding on the surf of growth. The development in the industrial sector was huge in the past few years which added to the growth of the real estate sector. The boom in the Information Technology was also significant in the growth of the real estate in Kolkata. Several of the internationally renowned software and software related companies have set up their unit in Kolkata. Likes of Infosys, IBM, Wipro, TCS, etc has opened up their centers in Kolkata.

Kolkata is the ‘cultural capital’ of India. It has a rich cultural background. The city of Kolkata boasts of stalwarts like Swami Vivekanada, Rabindranath Tagore, Satyajit Ray. It has splendidly contributed to the rich culture of India and is famous for it globally. It has an immensely cosmopolitan environment and it is one of the cheapest cities in the world. Many of the industries are gradually emerging in Kolkata. So the city of Kolkata is attracting a huge number of prospective investors for real estate. The decisive factor of this development is the improvements in the the governmental policies and reforms. The presence of a port by the River Hoogli make its future even more commercially prospective. This is in turn creating employment and will raise the price on a pro rata basis.

Source: Business MapsofIndia

International City beside the River Hooghly

If you were a resident of Kolkata in the 70′ and 80’s, you probably would not recognize the glitzy commercial and residential buildings dotting the skyline today. The initiative of real estate developers in Kolkata have infused the once-jaded look of the city with swank residential apartments and commercial spaces with a bold message that ‘Kolkata has truly arrived’.

Moreover, the state government is open to 100% foreign investment in real estate. The state’s urban development ministry has fixed a minimum area of 10 acres for developing housing plots, while 50, 000 square metres has been fixed for minimum built up area in construction development projects.

The Kolkata West International City across the River Hooghly in Howrah, the first venture funded by foreign capital, is spread over 390 acres that will offer 5500 bungalows on free hold land by 2009. With the best lifestyle accessories to boot, the township is a zip drive from the business district.

South City promises to be a landmark edifice as the the Emami, Sureka, Shrachi, JB. and Merlin Group of companies have come together for 3 residential-commercial projects on Prince Anwar Shah Road, B.L.Shah Road, and Alipore. Standing 35 storeys tall, South City will also house the city’s largest mall and an international school.

The city is stretching its limits towards Dankuni with another multi-use township on 5000 acres available for development. National and international bidders are in the fray for this coveted project.

On the commercial property front, 13.3 million square feet will be available in Sector V, Salt Lake and Rajarhat, the city’s IT hub. Retail spaces are also expected to grow to 1.5 million sq. ft of space – from 3 malls to 12 in the next few years, international brands will make their presence felt in the city, as incomes rise and lifestyles get more ‘stylized’. Two real estate projects in the 7-star category were launched in early 2007 to meet the aspiration for global brands amongst the elite of the city.

Appreciation

Jones Lang LaSalle, the world’s largest integrated real estate and investment management firm, finds Kolkata an attractive business destination, and worthy of figuring on the company’s list of ’emerging winners’. Inexpensive rentals, a successful private-public partnership model, incentives from the state government, political stability, a fair playing field for all real estate developers are factors very strongly in Kolkata’s favor.
In fact the West Bengal government’s initiative in tying up with private builders has facilitated opening up vast stretches of land which the existing urban land ceiling laws would never have made possible. The West Bengal government has created a cross-subsidy model for real estate developers in Kolkata, allowing them to make profits on high income housing provided middle income groups are sold flats at a no-profit, no-loss basis, and to the lower income groups at a lower than cost price.

The IT sector is growing at twice the national rate at 70% in Kolkata. The demand for 6 lakh sq.ft of commercial space has been expressed by foreign investors, MNCs and banks in the city. In fact, of all the foreign investors looking for investment opportunities in India, 40% of these are focusing on Kolkata.

Experts are of the view that ready commercial spaces available at short notice would make Kolkata a more attaractive destination for major corporations which are now looking for facilitites in the city. The time taken to sanction building plans would considerably cut down construction time by 3-6 months.

Source: NRI Realty News