For more Details Visit     www.propzne.co.in

For more Details u can visit our website  propzone.co.in

Buy or Rent the Property– Which makes more sense for you?

What would be a better option – buying a new property or renting it? This is one question that often confuse the first time buyers even the existing one. Whether buying a new house or any property will ripe more profits then renting it?

Well there is no fixed answer for this as both the aspects have its own pros and cons. Let’s have a look whether buying any property will give you handsome bank balance or whether renting will ripe more profits.

Advantages of buying a property: 

1. First and foremost, when you buy a property you are the sole owner of it. Say if you buy a house that house will be you own. Everything good or bad with it you will be responsible for it.
2. There are so many tax concession that you get when you buy your own property that helps you in long term.
3. Do whatever you want to do with it. Well yes when you are an owner of a property you can do whatever you want to do with it. Paint it, redesign it, rent it, it entirely depends on you.
4. When you are an owner of a property then you will have something to pass on to your next generation.

Disadvantages of owning a property:

1. Buying a property give returns in long run. It is not like that you bought a new house today and the next day its price will go up. So waiting is the key here.
2. Once you buy a house or any property you have to stay there. You cannot move out if you do not like the new place or you are not finding it good.
3. If something breaks down then you have to pay for it. If things are not good then you have to retain them. In short the maintenance charges can create a hole in your pocket.

Advantages of renting a property:

1.      Firstly no monthly installments or payment of bank loans. This is the best advantage of renting a property. You have no tension for monthly bank payments.
2.      You can move out anytime if you do not like the new place or your surroundings.
3.      Renting a property has minimal financial risk as compared to buying it.
4.      Renting a property or a house gives you great chances of saving the money.
5.      You do not have to pay for the wear and tear of the property.

Disadvantages of renting a property:

1.      It will never be yours. A rented a property can never be yours and sometimes this can give you some pain, as each one of us want to own a dream house.
2.      Every time you move from one place to another the cost of this process creates a hole in your pocket.
3.      Your landlord can anytime ask you to move out of his property.

New year resolutions for your home

years… If you make goals that are too ambitious, you will most probably throw in the towel pretty soon, make them too easy and they become too disposable to mean anything.

This year apart from the personal goals that we achieve, why don’t we try something fun and make resolutions for your home.

Declutter, organise, decorate or just using energy more efficiently; you can achieve all by breaking them down into simple, achievable targets.

Here are some of the resolutions that most people make, with a twist!  Hope you enjoy working towards them as much as we did :-

1. Lose weight –> Reduce energy use around the house.

2. Quit smoking –> Purify indoor air and create healthy environs for all living in the house.

3. Get out of debt –> Prepare budgets for home improvements.

4. Learn new skill — >Educate yourself on home cleanliness,  finances, etc.

5. Get organized –> De-clutter and recycle.

6. Volunteer for a cause –> Be a better neighbour, Support your community.

7. Drink less –> Cut on wasteful water use around the house.

8. Spend more time with the family –> Involve kids in improvement projects, teach them the importance of sanitation and wasteful use of water and electricity.

9. Get fit –> Plan repair and maintenance , exercise your handyman skills.

10. Reduce stress –> Use  maintenance-free things easy to dispose things.

Real Estate Market Forecast for 2013-2014

                                             Real Estate Market Forecast for 2013-2014

While 2012 was quite an eventful year for Real Estate market in India, for both customers and               companies – the relentless rise in realty prices, land acquisition controversies, and the epic Noida Extension court judgment mixed with various proposals for regulatory reforms; made 2012 quite an interesting mix.

Based on experiences of 2012, the developers have consciously reinvented themselves, by launching new projects, which would appeal to customers in the current economic environment and sentiments. If you have been planning to buy a house, but were not sure of the market, this might be the best time to take that leap. Here’s what the Real estate sector can look forward to the following in 2013:

“The top priority for most realty companies will be to reduce debt, which could mean deep discounting opportunities for buyers. The Real Estate Regulatory Bill, which seeks to bring transparency, should encourage buyers,” says DTZ’s Nangpal. “All indicators suggest correction in the market. However, a price correction may not happen soon.”
Land Acquisition and Real Estate Regulation Bills are expected to be passed during the year, while there is a likelihood of Reserve Bank bringing down the interest rates
“The passage of FDI in multi-brand retail by the government shows its seriousness on introducing reforms. RBI can be expected to lower interest rates in the coming months which will benefit developers as well as consumers. This will boost the sentiments,” Knight Frank India chairman Pranab Datta said.
Residential prices, which have been increasing over the past few years are likely to witness subdued growth in most markets in a short to medium term till the pressures of unsold inventory are eased out, CBRE chairman and managing director Anshuman Magazine said.

Finance Minister P Chidambaram had recently asked the developers to sell their unsold inventory at a lower price.
“Besides, infrastructure initiatives such as Greater Noida metro rail network re likely to have a positive impact on the residential market of these cities.

FDI in multi-brand retail will also boost the demand for commercial real estate. Since the policy opens the portals to major MNC retail brands in India, the organised retail sector will see a major transformation in terms of its overall contribution in the mid-term.
NRI investors too, are increasingly looking at India as an investment opportunity, given the scale of growth that exists and that fact that we are gradually moving from being an emerging economy, to an already emerged one. The depreciation in our currency, compared with the greenback will continue to attract these NRI investors, whom we call the New Affluents. – Tata Housing