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

Noida and Gurgaon to lead the way in realty in 2013

                    Noida and Gurgaon to lead the way in realty in 2013

Delhi/NCR

The outlook for real estate sector in the New Year looks promising in the NCR. However, consultants and developers says that those areas where the prices have not yet peaked and where the authorities concerned and builders are developing world-class infrastructure like roads, sports complexes, parks, etc, will have the maximum appreciation. Jones Lang LaSalle (JLL), a global consultancy agency, says in a report on the NCR region that areas like Dwarka Expressway, New Gurgaon-Manesar, Noida Extension and Noida Expressway show huge potential for investors as well as end users.

The report says that Dwarka Expressway, because of its infrastructural advantages and the locational benefits, has immense potential. The area has been able to successfully withstand the heat that many other areas and pockets of NCR have faced. The price sustainability and appreciation trends of the recent past, and also its relative affordability, will continue to maintain investor interest and confidence, the report says.

Other important areas to watch out for in 2013 for residential realty, the report says, will be New Gurgaon and Manesar. The increase in commercial developments, its developing infrastructure, continuing affordability and the proposed connectivity via Metro and the expressway will put this region on top of the realty radar in 2013.

Noida Extension and Noida Expressway will continue to generate interest as more and more IT-ITeS companies shift their offices to Noida Expressway for its rental affordability when weighed against the rentals in the Cyber City of Gurgaon.

The Noida Expressway will further increase its appeal as a residential hub. Better infrastructure, easy accessibility and availability of affordable options will appeal to investors and end users, the report says. Supply in this region will not be an issue, and good levels of absorption, with appreciation in capital values, are a high possibility in 2013. However, affordability will remain the key factor for the sector to do well in the New Year.

Sanjeev Srivastva, the CMD of Assotech and whole-time director of Crossings Infrastructure, says that residential real estate market in 2013 will depend on many factors. Year 2012 was not very good for the sector and market picked up only a little at the end of the last quarter.

However, in the coming year, several steps are needed from the government and the developers to make sure that the market remains affordable for buyers, Srivastva said. One very important step is to bring down the home loan interest rates, as they are hampering the decision of many homebuyers in the affordable segment, he says. The market for luxury offerings will remain stable in the year and many high-end projects recently announced might pick up some pace. Talking about the areas in the Delhi NCR, Srivastva said that Noida’s new sectors and projects near highways in Ghaziabad would also get a good response.

Anuj Goel, the ED of KDP Infrastructure, also said that Year 2013 is anticipated to be better because of the government’s focus on economy as a whole, and FDI in particular.

With increase in prosperity, the demand for commercial and residential properties is bound to increase tremendously. Goel said real estate has almost acquired a status of industry in India, as it plays a great part in the economy of the country. Thanks to Credai, which has played a vital role in regulating real estate players, there is a lot more sense of confidence in the minds of investors about the sector today, Goel said. However, the growth depends largely on the government policies like reduction in home loan interest rates, availability of land at reasonable rates, control on inflation, and introduction of a single-window approval of projects, Goel said.

Sumit Berry, the MD of BDI Group, said Year 2013 would definitely see increased sales in Tier II and III cities, as property prices in these cities are much cheaper than that in Tier I cities. While in Tier I cities prices have gone awry, Tier II and III cities are enjoying attention because of reasonable pricing, he said. Bhiwadi, which is not very far from Delhi, is expected to reap rewards because of ease of travelling, as do places like Meerut, he said. Sanjay Rastogi, the director of Saviour Builder, said that FDI in multi-brand retail would likely boost retail and commercial markets of India.

In terms of investment potential, the Delhi NCR would continue to be of highest interest to big-ticket investors focused on real estate in 2013. “We expect 2013 to bring a larger-than-usual number of NRI investors into the commercial property arena. In terms of residential market, the Delhi NCR is going to win the race. Noida market would be vibrant as projects in Greater Noida West (Noida Extension) will see a huge turnout. New sectors in Noida are also expected to see good turnout, as also projects near Ghaziabad’s highways.”

The realty sector saw a slowdown in 2012 mainly because of the rise in prices and interest rates. JLL says in its report that the ongoing liquidity crisis, high interest rates and persistent inflation levels kept the residential property market in the NCR subdued in 2012. There were comparatively lower transaction volumes, though some of the micro markets clearly outperformed the rest and remained promising bets for investors.

The report said Gurgaon’s residential market performed decently in 2012, but it was not uniform all across. There were high levels of unsold inventory in some of the projects, while many others sold exceedingly well. Golf Course Road, Golf Course Extension Road and Sohna Road achieved handsome appreciation in both capital values and rentals.

These regions can be classified as the best performing pockets in Gurgaon for 2012 in terms of sales volume and appreciation achieved. The factors that worked for them were their good connectivity with New Delhi through the six-lane NH-8 and MG Road, providing quick and easy access to the IGI airport, and the14km Southern Peripheral Road (SPR), which covers all the major developments in this part of Gurgaon and connects MG Road and Golf Course Extension Road with NH-8, the report said.

However, the most sensational performer in NCR region for 2012 was Dwarka Expressway. Its proximity to the international airport and the proposed diplomatic enclave, along with its rapidly evolving infrastructure and good connectivity with west Delhi and Gurgaon continued to work in this region’s favour.There was high level of interest from investors in this region, resulting in price appreciation and high sales volumes in 2012. At the start of the year, projects pegged at around Rs 4,000 per sq foot were quoting at Rs 7,000 per sq foot towards the later part of 2012, JLL said.

Price appreciation did hurt the region’s affordability tag, which used to be its USP, and thus alienated a significant section of end users. The region also saw a high level of supply to tackle the absorption by investors, JLL said. Residential demand on Golf Course Road was driven by heavy demand from corporates. Projects there saw an average appreciation of around Rs 1,500-2,000 per sq foot during the year, thereby taking the price point to an average of Rs 12,000-15,000 per sq foot, the report said.

Golf Course Extension was also a hot destination for residential real estate in 2012. Project in the area saw capital appreciation of around Rs 1,500-2,000 per sq foot, thanks to this area’s vicinity to Golf Course Road, its various other locational advantages. With good-quality supply under construction and more affordable options, Golf Course Extension saw high level activity from investors looking for lucrative returns over an investment period of three-four years. However, it did not find a lot of traction with end users looking for ready-to-move-in residential options, as most of the projects were under construction in 2012.

Similarly, Sohna Road saw very decent residential sales levels as it is more affordable than Golf Course Road and Golf Course Extension and had a steady supply of ready-to-movein units to offer. This made it a location of choice for end users.Projects on Sohna Road appreciated by around Rs 1,500-2,000 per sq foot, bringing price points to the current average of Rs 8,000-9,500 per sq foot, the report said. Sohna Road also benefited from the cyclical impact of high-level leasing of office space by companies to base their office out of the area. This, in turn, generated the demand for residential options which further augmented the office leasing activity.

Yet another region whose residential market did well in 2012 was Noida, in particular Noida Extension and Noida Expressway. The Noida Extension region was mainly driven by end users due to the affordability of available options. Some of the projects in the Extension area achieved an appreciation of 40% over their start-of-year values. Noida Expressway was able to maintain its appeal due to its positioning as a commercial hub and its affordability compared to Gurgaon or Delhi. The demand was equally balanced between investors and end users. Overall, Noida’s residential realty market achieved an appreciation of around 20% in 2012.

Anuj Goel of KDP Infrastructure says that overall, real estate in India saw tremendous growth in the last decade but its performance was quite dismal in 2012. Steep hikes in properties caused sales to be very sluggish; other factors like increased interest rates on home loan, non availability of funds from banks, high rate of inflation, non availability of land at reasonable rates coupled with cumbersome approval procedures also stymied the sector. Despite the situation being unfavorable, this segment survived because of enhanced employment opportunities in urban areas and approval for FDI in commercial and residential segments.

The future looks bright: Your 2013 Realty Horoscope

     The future looks bright: Your 2013 Realty Horoscope

Are you planning to buy or build a new property? Look to the stars for your financial future!

Astrologist Bejan Daruwala,Asia’s most widely read astrologer and columnist, shares his best insights on what 2013 means for your money.

So settle in, open your mind and prepare yourself for the money horoscope for the coming year.

To read the real estate forecast for your sign in 2013, click below: