Ongoing Real Estate Trends In Pune Properties

Pune A culturally diverse city has been luring people into settlement with real estate investment showing a positive upward trend. The greatest advantage of settling in Pune is its conducive weather. Adding to this is the fact that Pune has become a potential IT hub.
IT parks, SEZ’s, Malls, Multiplexes and huge commercial spaces have sprung up in large numbers over the past few years. Pune homes good quality infrastructure, lush greenery, Industries, Commercial spaces and residential apartments bestowed with basic amenities like hospitals, banks, schools within reach. The city has seen massive expansion and growth in terms of employment, real estate and infrastructure.

Pre requisites of investments are that the returns on investment should be promising. A cosmopolitan city with all the basic amenities and a growing Industrial, Commercial and Educational hub is the definitely an investors’ paradise.
The reason for Pune to be thronged by investors is attributed to the flourishing IT sector that has opened up innumerable job opportunities. A good environment for living, better prospects for employment and guaranteed appreciation on property value, all this sums up to soaring real estate prices in Pune. Apart from this, Pune has ample entertainment and recreational hot spots like Theatres, Shopping Malls and Multiplexes.

Religious places like Narayanpur, Bhimashankar, Alandi, Shirdi and Pandharpur are places of worship thronged by thousands of devotees from all over. Picnic spots like Alibag, Mahabaleshwar, Sinhagad, Lonavala, Khandala, Matheran, Panchgani attracts large number of tourists as well as people from nearby localities. A city like Pune with such places of interest in close proximity is sure to attract buyers in very large numbers.
When the criterion for investments is satisfied just the question of investing in a good property remains. The builder reputation, cost, proximity to basic necessities, realistic loan facilities is all that accounts for in property buying. The cost of property has shown drastic increase over the past few years. Properties in Pune have been bearing an exorbitant appreciation value. The property purchased two years back, in prime locations, is almost double its cost now.

So if you have invested at the right time you will be reaping greater monetary benefits as far as property investment in Pune is concerned. Putting your money at the right place at the right time is the strategy that investors in Pune have been following since the advent of real estate boom.
The areas that have developed dramatically over the years are Aundh, Hinjewadi, Baner, Wakad and Hadapsar. Close up are areas like, Pimpri-Chinchwad, Ravet, Kharadi, Warje ,Thergaon, Pashan and Mundhwa. Talegaon, Kanhe, Urawade, Bhugaon, Pirangut and Mulshi seems to promising new areas for investment in Pune. New residential properties like 1bhk, 2bhk, 3bhk flats, Villas, Penthouses, Row houses and commercial office spaces are in huge demand in these areas.

Properties for resale are equally higher in demand if we consider prime real estate locations in Pune. Buyers are ready to invest in properties that have been put up for resale at reasonable prices in central locations of Pune. The returns on property investment is equally assuring in case of resale properties.
Be it Baner,Aundh,Pashan Hadapsar, Kondhwa, Talegaon,Ravet, Kharadi, property rates have been reaching new heights.If you are planning to pick a newly constructed flat in Hadapsar the price per sq.ft would aprox Rs.2000-5000, in Aundh its around Rs.4800-6500 and in Wakad approximately Rs. 2700-3500. These prices differ vastly for areas that are on the outskirts of the city where price per sq.ft is around Rs.1200-2200.

Prices are said to be stabilizing after a sudden artificial hike over the past six months. Properties in Pune seem to exhibiting a different trend in different locations having a good appreciation value. Based on the location newly constructed or property for resale, prices tend to rise in that proportion. A recent property market overview suggests that the average price per sq.ft for apartments in Pune is around Rs.4300 whereas for plots it’s around Rs.2370.In the upcoming years properties in Pune will be of much higher costs and greater appreciation value. The real estate scenario here in Pune exhibits potential for incessant and optimistic growth in the next few years.

Misconceptions About Commercial Real Estate

Commercial real estate is a wonderful, exciting business that can offer a wealth of opportunity for those who look for it! Many people are often hesitant to enter such a market as commercial real estate for many different reasons. In fact, there are some major misconceptions about commercial real estate which I am going to address here.

Many people who hear about commercial real estate, but aren’t necessarily in the business, often use the expression “Location, location, location!” Many people associate this expression as the truth, that the three most important attributes about a property are “Location, location, location!”

I am here to tell you- this is absolutely not the case! Now, I am not going to say location is not important, but what if you have a beautiful location for a mountain resort, complete with snowy hills, a perfect location for a lodge, and beautiful mountain views? What you want to do to the property is improve it for a weekend getaway for romantic couples with a beautiful lodge, resort, luxury type housing, and perhaps some individual cottages overlooking the green forest. Sounds great, right?

The perfect location- you can’t beat it! But, you learn that the zoning for this property is residential, R1, to be exact. The use is only one single family residence per acre, and no commercial property allowed. What happened to your “Location, location, location?” It flew out the window!

The most important aspect of a property is the use. What is it intended for by designation of the city or county? It does not matter where the property is, if you cannot get the zoning that is in the realm of your intended use.

It is possible to get properties rezoned, especially as cities change and grow. Be sure to consult with the city or county to determine if these changes are even possible, because you do not want to buy a property that you cannot rezone, and be left with an unprofitable property on your hands.

Most people believe that commercial real estate is complicated and you need a special education or know how to succeed in the business. Many think that commercial real estate is filled with international finance, heavy and complicated math, complicated tax rules, and forms and applications that are just too complicated to understand correctly.

I am happy to tell you this misconception is the worst, because it puts a road block in front of many people’s aspirations to become a commercial real estate insider. Let me put this misconception to rest. There is math involved, and most of it is not at all complicated: simple ratios, adding, subtracting and multiplying. What is even better is you don’t have to do the math. There are others who can do that for you. The same is true with property management, inspecting the property, and doing the year-end tax report. In fact, commercial real estate is less complicated than residential real estate because you can focus your energies on a single deal that will be worth perhaps 10, 20, even 50 residential deals and more!

Let me put it into perspective for you. If you owned a business (many of you may), would you create strategies, keep the books, manage the many locations, sell on the front floor, and take out the trash after the day was over? I think not! Commercial real estate is made up of many people whom are there to help you with whatever you need. You must position yourself as a real estate insider, which is a leader in the business.

Another misconception is commercial real estate is management intensive, that you must manage every property you own. Let me tell you when you end up owning 10 or more properties, this is almost impossible to do! You do not have to actually manage your properties yourself, so you can concentrate on creating more deals. Hire a company or set a team in place to take care of this “day-to-day” business.

As you can see, what is passed around in dialogue about commercial real estate is not always true. Before you take everything to heart, be sure to get your facts straight. In fact, many people in this profession speak about commercial real estate as a business in which only the savvy and sophisticated can succeed. They often act this way because they want to keep people out of the market by differentiating themselves. If you were in this position, you would too!

Online Real Estate Search

With public access to Real Estate listings via the Internet many buyers in this market conduct research on their own, and while a lot of information can be discovered on-line, the most essential details are often left out. Knowing how to decipher a Real Estate listing and what data to factor into your search may seem as easy at 1, 2, 3 – “I want 4 bedrooms, 3 baths… ” – but in reality searching for the right home can be more of an algebra problem then simple math. Take these factors into your next home search and you just may master the equation.

Active, Pending, Backup? Oh My!

The number one issue I see, hear and read about regarding on-line Real Estate search is that a large portion of homes of interest are no longer on the market when requests to view are made. No one likes misleading information and this can often feel that way to prospective buyers. As many of the popular Real Estate search sites don’t show current “status”, a buyer is left with no other opinion then ‘here’s a great home for sale’. In actuality however, the home is no longer on the market or has been sold months ago! As true up to date information of status is generally reserved for Realtors, it’s a good idea to check the status with your agent prior to mentally placing furniture in your new home. An active status sale is on market with no current offers, pending means a contract has been executed and the home will close pending inspections or other factors necessary, and a backup status listing simply means while a contract has been executed the seller will consider back up offers shall the current contract become void or cancelled. Understanding these points and jargon is step one when searching on line.

Important Financial Factors

Perfect pictures and a wonderful description can make anyone excited about a home, but to fully protect yourself and be sure you are within budget you need to put other factors into play. As many homebuyers will be purchasing with a mortgage, monthly fees can often drive or end a home purchase transaction. Many varying costs of ownership are often not listed on the popular search sites. Fees like HOA dues, taxes, additional insurance necessary and others are crucial elements to be aware of. An exorbitant HOA fee or high tax rate can quickly put a home you thought affordable out of your price range. To verify additional fees that you may not be aware of be sure to work with a Real Estate agent or ask the listing agent directly. Planning results in protection, do your work and guarantee a successful sale.

Beware the bait and switch!

Like all forms of marketing, some is ethical and honest while others are misleading and false. Forum and blog sites that advertise Real Estate often lean to the latter. Unethical agents have and will advertise properties that have already been sold, or at unapproved prices with hopes of landing a buyer call on the false advertising. This is commonly referred to as the ‘bait and switch’. To avoid being baited try to stay away from forum or blog like sites offering Real Estate for sale. As at all times, your best bet is to work with a Realtor, but if searching on your own be sure to conduct your research on a viable and ethical site.

Keeping these simple ideas in mind will save you time, frustration and possibly money! If in need of true data always consult a licensed Realtor, they are and always will be your best source.

Real Estate Property Taxes Helpful Tips

As you search for real estate property taxes related information or other information about real estate or property tax reduction, take your time to view the below article. It will provide you with a really refreshing insight into the real estate property taxes information that you need. After going through it you will also be better informed about information in some way related to real estate property taxes, such as prosperity tax or even property sales tax.

In addition to that, you will still be able to deduct the mortgage interest rates as well as the real estate taxes.

The losses of real estate professionals are deductible against all types of income, be it passive or non-passive.

The government is making it easy for homeowners to save on their taxes this year. Whether you’re a first time buyer, or just renovating, there are a number of savings out there.

Many people forget that they can get more information about any subject matter, be it real estate property taxes information or any other on any of the major search engines. If you need more information about real estate property taxes, and be more informed.

The last few years has seen a real estate market that can only be described as being in free fall. While some pockets of the country remained stable or even grew a bit, most areas saw home values plummet like a rock dropped from roof.

The first thing to understand about property taxes is “rates are rates”. This simply means that if the agency controlling your property taxes raises the tax rate, there isn’t much you can do about it.

As a result, you could be paying property taxes on the value of your home in 2006, which was undoubtedly much higher than it is now.

We discovered that many people who were also searching for information related to real estate property taxes also searched online for related information such as il property taxes, tangible tax, and even property tax sales.

So here is chance to get your free tips on bexas county property taxes and in addition to that get basic information on saving money visit georgia property taxes

Real Estate Valuation

The property valuation company will give a comprehensive property valuation report. Based on the property valuation reports, one can estimate the price of their property. The property valuation varies from place to place depending on the property law of the state on the future prospects of that particular place. You can evaluate your property basing on the formula, in many places there are number of professional agencies that can help you in evaluation of your property. There is a property valuation degree provided by few colleges, person who holds such degree would be the best person who can evaluate your property, why just let someone handle it when you can get the best. Real setae valuation of your property is the best you can choose.
The number of real setae valuation industries has increased over the years; they have professional staff workers who are efficient and qualified. Real setae valuation is very impotent as it helps you to know the value of a particular property during the time; this is the amount of money that needs to be exchanged between the two parties that include the seller and the buyer. There are number of ways of evaluation of property one such method is income method in this method the income that is gained over such properties through sources like rental are compared with the present property, few other factors are considered like the future use as shopping centers etc. the second method that is used is the comparison method in which the transactions of such similar properties are compared, there are other factors that play a role in the valuation of the property like the amount of money spent on the property after the purchase of the property. The third method is the cost method, it is quite obvious that an old building (school and church) will not be given equal importance to a new one as it would costs the buyer to reconstruct. The profit method is the fourth method of real estate valuation where the valuation is done taking into consideration the trading potential. The last method in real estate valuation is residual method in this method the amount of money required for reconstruction and demolition are considered before valuating the property. The real setae valuation methods that are used mostly are profit method, income method and comparison method. The method to be used depends on the property and the place of the property.
It is advisable to consult a real estate valuation company before taking any decision on the sale of a property. The best thing about the real setae valuation is that they are well experienced enough to evaluate the property taking all the issues into consideration and apply the correct method. Contacting a non professional for evaluating the property may lead to cheating as a normal person cannot asses them. It is therefore required to select the best real setae valuation agency after going through the testimonials and asking people who have earlier contacted them for their property valuation.

David Montelongo Real Estate Investing Seminar

What a NewbieReal Estate Short Sale Tips

Here are some tips and significant details you need to know about real estate short sales and property flip transactions. When you have to sell something, you never get to sell it for as much as it’s really worth. If you don’t have to sell it or if you are not in a hurry to sell it, you can usually sell it for a lot more money. If you learn how to play between those two worlds, buying it at the distressed price and selling it at the arm’s length value, the spread is where the investor can legitimately make their profit.

Now there are red flags and black flags for improper property flip transactions. The black flag is what kills the deal. The red flag means you need more information. You have to document something. You have to verify something. You have to address something and then that’s when you can move on. When you are doing a back to back flip and a short sale, you are going to be paying attention to who is the owner of record. Well the owner of record is the person who is still in foreclosure because you the investor haven’t quite bought it yet. You are in the process of being able to buy it and in the process of being able to sell it at the same time.

At least that’s the way most short sale investors work, they want to buy it on Monday morning and they want to sell it before lunch on Monday. Or is this what everybody is trying to do? Buy and sell on the same day, make the spreads and go home. Another thing is that if the property seller, that means the investor who is selling the property, for purchase transactions, is not the owner of record means that they currently were not the owner of record. If the property seller for purchase transactions or the borrower for refinance transaction is not the owner of record, the seller must investigate the circumstances of the transaction to ensure that the transaction is legitimate.

When analyzing sales contracts and other documentation it is quite necessary to exercise due diligence. Here’s what you can do regarding documenting the legitimacy of the transaction in your mortgage file. Get some pieces of paper including but not limited to the appraiser’s analysis and conclusion in their report, a property sales history report. Look carefully for terms indicating that there’s been an assignment or the sale of an interest or an option to acquire the property. Find it, document it, and make sure it all makes sense.

David Montelongo who was featured in A&Es hit reality show “Flip This House” is hitting the road to teach aspiring Real Estate investors How to Invest in Today’s Market. Now he’s coming to show you exactly how he made a fortune! Get more info on David Montelongo Real Estate Investing Seminar at http://www.montelongoseminars.com

Real Estate Lebanon Zoning Laws

When it comes to real estate in Lebanon the zoning laws are quite strict. But before knowing them it is good to know what zoning means. When we have to buy a property in Lebanon and want to know the zoning of the property that we are interested in buying, first thing to do is visit the Cadastre Department at the Moukarzel building situated in Tabaris. Here we can get a copy of the cadastral plan of the property that we are planning to buy. Here we can also ask for the document about the area of the property.

But here too we may come across different measurements that will contradict with the owner and the developer of the property. This might make us wonder about the zoning laws related with the real estate in Lebanon. Which figures can be considered as true? The municipalities of Beirut and Tripoli are responsible for recording the official area of the properties. The General Directorate of Urban Planning and all its branches also carry out the records about the actual area of various properties. The scale on which the area is measured by these two is different. The urban planning uses the scales 1/50 and hence it is the most accurate one. While the cadastre department uses scale 1/200.

Hence while dealing with real estate in Lebanon we might come across different recordings of the area of the same property. The cadastre department only measures the actual area of the property while the urban planning measures the area including the common areas like stairwell. Hence the area measured by the urban planning will be certainly more compared to that measured by the cadastral department. Hence the urban planning will consider the elevators, roof, column below a building, generator room while measuring the area.

But one question arises here which is can the common area be up for sell? The common areas will be used by all those who will reside in that property. This is the point on which most of the professionals disagree. There are two groups here one who thinks that common areas are used by the buyer and hence it should also be considered while counting the area of the property. Others think opposite to it. But not all the properties in Lebanon follow the zoning laws. We can find the details about whether a particular property is zoned or not by visiting the town planning office.

Why Italy Real Estate Investors Are Flocking To Scalea

It is far from the most frequented coastal hotspot in Calabria, the southern Italian region on the top of the countrys boot-shaped mainland. Honestly speaking it may not be the prettiest, not with San Lucido, Paola, Tropea, Briatico and Belvedere Marittimo to contend with.

Nonetheless for real estate investors hoping to spot a reasonably priced deal, the humble location of Scalea is our top tip for 2012.

Scalea boasts all the advantages of more high profile Ionian and Tyrrhenian beach resorts a delightful sandy beach, clear blue waters and weather averaging a typically Mediterranean 51 degrees Fahrenheit in January and that hits nearly typically 78 over late summer. Then again early winter sees typical temperatures of almost 73 on the thermometer. But it is in terms of reasonably priced apartments and houses possibly the stand-out deals available in the Italian property sector right now where it makes a name for itself.

Real estate values come in at slightly under Euro 90 per square foot. In other words that means a 25sq m studio flat around 500m away from the beach can start at merely Euro 20,000. A 30sq m single-bedroom sea-view flat can be bought for just Euro29,000 or Euro 30,000.

By no means the largest, but adequate for a pair of holidaymakers or three or four who are ready to use the living room to sleep in at night-time. Factor in the fact that typically both sea and stores will be within a 5-minute walk and that is unbeatable value.

For something a trifle larger but still eminently affordable, a 50sq m double-bedroom property can start at around Euro49,000 . You may also be able to get one or more of a view over the sea, terrace and garden within that if you strike lucky.

Generally, the overall expense of day-to-day living in southern regions everything from housing market costs down to what you are charged for a restaurant meal tends to be far cheaper compared to areas like Rome and Tuscany, which attract many more foreign tourists and are dearer as a result.

The pace of life in this swathe of Italy is far more unflappable. This is, you before long come to learn, old-fashioned Italy. A facet that is slowly altering, with non-domestic buyers increasingly weighing up resorts such as Scalea in search of better value properties. Italians have for decades come on holiday here of course all of which means rental return for your property remains very good.

However there is much more that Scalea offers than affordable homes to purchase The conurbation boasts nearly 11,000 locals and has that number magnified during peak season as Italians and growing hordes of Brits and Americans surge to the resort. In addition to the stunning landscapes, the sea being overlooked by mountain peaks, the area has a deep cultural tradition.

It rose to prominence as a Byzantine port, attracting merchants from across the ancient world. A Byzantine fort and ancient wall dominate the old centre, which sits atop the hillside overlooking the sea and the marina, in turn vibrant with modern hotels and imposing villas.

Reaching to Scalea is easy too. The closest airport is Lamezia Terme, a little over 1hr 50 mins further south, while Naples Capodichino Airport is 235km by road north. Both can also be reached by rail as Scalea has a mainline train station.

Best Real-estate Investment For Buy Property In Bhubaneswar

A lot of people all over the country are planning to buy property in Bhubaneswar. The real estate services Bhubaneswar is reaping the harvest of an over-all and well planned industrialization drive.
Buying a property anywhere in the world is all about making an investment. Properties are immovable assets that keep spiraling up their resale values with passage of time. The factor of depreciation does not result in de-valuation of a real estate property. Therefore, more and more people are drifting towards investing their hard earned money in the countrys real estate business. Economic progress of India especially in the last few decades is impressive. Implementation of the free-market policy and opening up to the global economy, India has attracted lot of foreign investments in various fields of commercial activities. These developments have triggered a new set of order for the society in general. People are more at ease in relocating themselves in various parts of the country in order to ensure better jobs and nurturing better prospects. Under such circumstances a lot of new cities and urban locations are coming up as prominent hubs of industry and commerce. Emergence of a particular location as a prime commercial center depends on a couple of factors, which are as follows:

Excellent network of roads and inter-linking communication system

State-of-art infrastructural amenities

In addition to these, location of ports, harbors, large railway terminals facilitate much to the cause. Administrative capital of the state of Orissa thankfully possesses these advantages as of today. There has been an impressive development in and around the city of Bhubaneswar in the last few years that has contributed to the potential of the city as a prime commercial center. Its vantage location on the coastal belt is supportive for its excessive maritime commerce. The port of Paradwip along with those of Kolkata and Vishakhapatnam are located pretty nearby Bhubaneswar. These factors engineered in drastic development of Bhubaneswar as a commercial hub in contemporary India. This entire string of positive and promising developments has contributed to the growth of real estate services Bhubaneswar. The plethora of real estate projects that are going around this place is simply amazing. Total amount of investment in the real estate sector in Bhubaneswar is worth several hundreds of crores in INR. More and more people almost every day are queuing up to buy property in Bhubaneswar.

Real estate services Bhubaneswar have tuned in a lot to suit this positive and promising trend. People involved in the trade here are constantly coming up with well planned and smart designs of real estate projects. These people are effortlessly weaving the modern amenities of life in their designer homes and offering the same to their clients at competitive prices. Real estate services Bhubaneswar is matured enough to furnish their probable clients with all possible information of their projects over the internet. Buyers do not need to drop into exact locations to get a glimpse of the quality of work that are going on. Price tags on the real estate properties are going up each day. Even a couple of years back properties at prime locations of the town were much reasonable in comparison to what they have become. This is the best time to buy property in Bhubaneswar. In the coming years, as it is being speculated by the real estate pundits, the prices will just go higher.

Buying Real Estate Why Cash Offers Are More Attractive To the Seller

In a financial environment where many loan providers are tightening their purse strings, there has been a rise in the number of cash buyers looking to invest in real estate. Whether the sale is made directly using cash or through a mortgage, the seller receives the same amount of money (though not in all cases, which we’ll cover).

So why then is a cash offer usually seen as more attractive than an offer to purchase with a mortgage? The answer ties in with the three things most sellers want out of any transaction (aside from a fair price); a speedy sale, one that is certain to go through, and the ability to move on. This combination is what gives cash buyers the upper hand in securing their choice of property over those who need to seek outside financing.

The Speed of the Offer

Cash buyers already have everything they need to go ahead with the transaction; they’re just looking for a suitable property and a willing buyer in order to make an offer. For everyone else who needs to borrow in order to enter the property market, it is not quite that simple. Yes, they can make offers, but they are not backed by anything concrete until they have been approved for a loan.

In the case of those seeking outside finance, an offer is more of an intention than a direct request to purchase the property as soon as possible. Cash buyers have this power, and it allows them to give the seller a tangible offer to mull over almost immediately.

The Certainty of Closing

Offers made on the contingency that financing can be found are totally reliant on outside sources. If they are not approved for a loan then the sale can’t go ahead. Conversely, cash buyers hold the world in their hands, and are completely in charge of their own proprietary destiny. Sellers know this, and know that an offer of cash is far more of a sure thing than an offer to purchase via a mortgage.

This certainty is so attractive to some sellers that they are even willing to accept less than their asking price, or less than any competing offers, to be sure the sale will go ahead. Bringing a finance company into the mix can cause the deal to collapse at any moment, cash doesn’t have this problem.

The Flexibility to Move On

With a prompt offer that will only fall apart if either party elects to back out of the deal, comes the flexibility to move on as soon as possible. It’s quite simple really, no seller wants to go through a long, protracted sale process, and cash buyers are the surest way to avoid this. If the seller wanted to use the money to travel round the world, or invest in another property coming on the market, or even had to sell as quickly as possible as they had already put an offer in on another house, they can now do all of that. Cash buyers allow sellers to move on with their life, which often makes them a more attractive prospect than one who has to wait for financing.

If you do have the ability to purchase your next piece of real estate with cash, you’ll now realise why this may give you the upper hand.