August 23rd, 2008 at 11:37am
Now-a-days world population is growing so fast that the earth is growing smaller in respect of giving enough space for the new people. Not only that, some combined families find it comfortable to live separately but some richer people wish to build a second home for a luxurious life. Here lies the need of real estate. In every country the real estate business has become very dignified and profitable.
Bolivia, an independent democratic country is located in the heart of Latin America. It is surrounded by Peru, Chile, Brazil, and Argentina. LaPaz is the the administrative Capital and Sucre is the judicial capital city. Cochabamba, Santa Cruz, Panda, Montero, Copacabana, Tarija, Torno, etc. are other cities. It has a vast land area but most of land is full of hills and mountains. The population is not more than eight million. Every day rural people are coming to the cities for better life and for business purpose. The country has a moderate climate. It is never too hot or too cold except in LaPaz. Sometimes it is cold for a few days where as it hot next few days. People from all over the countries are coming to Bolivia either for doing business or for living permanently. As a result the need for new houses is increasing day by day.
Since there is a good political stability and people are hospitable in nature, foreigners find it comfortable to reside in Bolivia. To cover needs for additional housing, many local and overseas people are doing very good business of real estate in Bolivia. Some reputed companies are Megalink, Lagunazul, Nuevoasparanza, Pentuachu, etc. Among them Nuevoasparanza is the most famous real estate company. Its Santa Cruz office is located in 2nd ring of the city. It is housed in a highly decorated building. A visitor will get satisfaction at their business policy and conduct. So many sales girls are employed in the company. Everyday they arrange visit to their housing location with the prospective clients by their own company-owned buses. The buses go
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August 19th, 2008 at 9:52am
Though Chennai has been a major growth market for organized retail, the mail sector has only just started heating up up with numerous projects in the pipeline. About 12 million sq. ft. of retail space is expected to enter the market in the next 12 to 18 months. The demand for space in both the high street and malls is on the rise as they are spread pretty evenly across the city.
Increased demand for prime retail space mainly from new retailers seeking to establish their presence in the Chennai market, has pushed rental values up 50-65 percent ($2.5 to $3 per sq. ft ground floor) in the high street and up to 80 percent in the luxury zones ($4 - $5 per sq. ft.) in the past year alone.
Besides the central business district areas, suburban markets like East Coast Road (a residential and leisure stretch) have also seen an increase in retail activities. The parallel IT Highway is expected to get at least four or five malls, the result of the increased IT/ITES activity and related residential boom in that area has generated a phenomenal retail potential.
The demand for retail space is buoyant with high street rentals not showing any slackening. The rentals at proposed mall projects have also risen steeply with average rentals starting from $2 per sq. ft. in the suburbs to $4 in the central business district.
Chennai has seen considerable growth in IT, automobiles and some other industry segments, leading to an increase in spending capacities and dual household incomes. This, more than any other factor, has been responsible for the increased spending in the retail sector.
August 13th, 2008 at 8:37am
Emergencies come unannounced! So to what can you look for an immediate, reliable fund source during an emergency? A good option is your own property. Loan against property is taken against mortgage of property you own provided it has not been already put up security for any other purpose.
You can have choices of what kind of fund you need – as you can get either a lump sum amount repaying it as an EMI – or take it as an overdraft amount. It depends on your choice and needs. But overdraft allows you to save on interests as it comes little cheaper than lump sum loans and also lets you use the funds when needed. But one should always keep in mind that the loan taken is properly utilized.
While personal loans are costly and also have a cap, one can avail mortgage loans of up to 75% of the present market value of the property. Its tenure is also much longer than personal loans. So it gives ample opportunity to utilize the fund in appreciating properties like real estate.
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August 9th, 2008 at 11:42am
The Indian real estate sector has seen some unprecedented expansion in the last two-three years in terms of demand, supply and prices. While the overall outlook in the medium/long-term remains strong, the next 12-18 months are expected to witness some pronounced movements that could mature the market. There is already some price correction and rationalization taking place in certain parts. Further consolidation is likely, whereby marginal players will be further marginalized.
In the commercial office sector rentals are stabilizing, and in certain pockets even correcting. The co-relation to an unstable US economy is strong, as is the uncertainty on the demand side this year. While pure corporate office space remain in short supply across most cities, an abundant supply of IT parks (non SEZ), in conjunction with the STPI sunset clause, is cooling IT space rentals in these locations. Simultaneously, the demand for IT SEZs has picked up, but while demand may not be met in 2008, a larger supply for IT SEZs in 2009 and onwards could lead to some correction in rentals for these spaces. For IT parks however, the situation look bleak, with non-occupancy likely to increase, which will cause rentals to slow down.
The residential sector is starting to see a constriction in demand, mainly due to extremely high values which is effecting affordability for end-users and rising mortgage rates that are making it dearer to own a home. Hence, most suburban locations have been witnessing a lower-off-take. while the face purchase prices have held, developers are looking at innovative techniques to attract customers through disguised discounts.
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