After the government announced lower interest rates on home loans, a lot of buyers are once again hoping to buy their dream home. According to a report Finance Minister Mr. Pranab Mukherjee, 1% subsidy will be given to the people who will be buying houses for not more than Rs.20 Lakhs and this subsidy will be given for the first year on Rs.10 Lakhs only. However, this scheme may not be much beneficial to many people but still middle and lower income group can benefit from it. Still, it is not clear that this scheme will be available with lower interest rates schemes or it is applicable with other house loan packages

With schemes being provided on low priced houses, there has been an increase in the demand for such units as till now builders were focusing on luxury apartments in price range on 50 Lakhs or above. But after the slowdown, property market has shrunk and now builders are focusing more on mid budget apartments in the range of 30-50 lakhs or lower budget apartments in the range of 15-25 lakhs.Even though it is difficult to find such low price houses in Delhi/NCR or even Tier-II cities, builders and developers are coming up with many new affordable housing projects to push property transactions.

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Mr. Rajiv Bhatia, an Entrepreneur, was in dilemma whether to buy an office space or rent out or lease it. Lack of sufficient funds confused him even more as he wanted to buy a commercial property in a locality, which could have been good for his business but at the same time the property prices shouldn’t be too high. If he like a place, the prices would be too high and the place where he could afford commercial space, that place was not at a prime location and was also not suitable for his business.

There are many people who face similar dilemma, if you are running short of money, don’t panic because this is not the end of the road, you can keep other options open like renting, leasing a property which can also be a smart choice. Initially, you can opt for short term lease at the location which you think will help you in bringing more business. A short term lease can be beneficial to you as you will be flexible and you can leave early if you are not pleased. If things worked, you can renew your lease and make it long term. There are some common types of commercial property leases which are as follows:

• Gross Net Lease: In this type of agreement, the tenant only pays fixed amount of rent, which is decided between the landlord and the tenant and other expenses like insurance, taxes etc owing to the property are paid by the landlord.

• Finance lease: This type of lease agreement is long term and irrevocable. It is also called capital lease and in this type of lease, the lessee acquires the title of asset at the end of the lease. All the expenses owing to the property like maintenance cost etc are to be paid by the lessee and he can have the tax benefit from the lease. (more…)

The last decade in India saw property prices spiraling up like never before. With growing urbanization and development of ultra-modern residential projects, the rates for a traditional 2-BHK apartment or a 3 -BHK apartment in cities have risen exponentially. The infrastructure development in cities has also led to the rising prices. While property developers made a lot of hay while the sun shone, the prices have moderated to some extent now with the economic downturn hitting home. In smaller cities like Pune, Nagpur, Surat, Bangalore etc, there has been a lot of development in the real estate market.

In Maharashtra, Pune property enjoys strategic advantage location-wise, being close to Mumbai. Also, the city had developed as an IT hub in the region. A lot of Indian and multinational IT companies have set shop in Pune and are hiring local talent as well as people from outside the state. With an inflow of population, the demand for housing has also grown. Many people who come to Pune to work also settle down here eventually as the city offers all modern amenities on top of a pleasant climate throughout the year. Thus, there is a need to create affordable housing for the salaries class in Pune. Realizing this need, many real estate and property developers have started projects for affordable housing in Pune. (more…)

If a beautiful and serene locale is your ideal destination to own a property, you may do well by putting your money in Kochi. Cochin or Kochi, located at the southern end of India, is a beautiful coastal city in the city of Kearla. Real estate in Kochi has seen a major boost in the last few years. There are many reasons that have combined to make Kochi a popular real estate destination. In this article, we will look at some of those reasons, if not all. This city, also known as Queen of the Arabian Sea, offers not just breathtaking locales for residential houses, holiday homes, retirement homes but also a commercial destination, being an important port city.

Real estate in Kochi became so popular because it promises a healthy and serene life to residents and tourists. Kochi’s has a pleasant climate and a peaceful atmosphere to offer to its residents. This is the reason that people looking to make investments for retirement homes, holiday homes or just to grow their money have invested hugely n Kochi. Owing to this, real estate in Kochi has seen a huge boom in the last few years. The Kochi property market is seeing a huge boom and investors have pumped in money to make the most of this growing market. (more…)

Hyderabad, the capital city of Andhra Pradesh, is also known as the city of Pearls. It offers not only enhanced lifestyle but also offers better electricity and water provisions as compared to other metropolitan cities like Delhi and Mumbai. The government of Andhra Pradesh has taken numerous steps to improve the standard of living, water and electricity facilities of Hyderabad. Also, the city has housed major IT/ITES companies; therefore, the city always boasts of high residential and commercial demand.

After the global economic slowdown, the city has gone through major transformations. The Hyderabad property market is stable and property prices are not as high as other cities in India. Because of the slowdown, many builders and developers have come up with affordable housing and some builders held their current projects. But in the past few months, the realty market of Hyderabad has shown signs of recovery. Now, many builders are planning to launch new projects in the city. (more…)