House vs. Condo

Moved to a city on job purpose and quite sure that you have to stay for longer period in the city say about more than 5 years then it is advised to buy a house or condo instead of renting. In case if you have decided to own a property and confused whether to go for a condo or a house then here are five key factors that one should consider before choosing a house or a condo.

1. Location

• Decide where you want to stay
• Research for condo and single-family house options in the locality
• Condos are widespread in the city
• Compare price of condos and house

2. Seclusion

• If you seek for privacy then single-family house is best
• Living in condos means living close to the neighbors so you cannot enjoy private outdoor space

3. Accountability

• Remodeling or revamping your condos involves neighbors as condo communities have strict rules
• While single-family homes are more lenient

4. Maintenance

• Condos include maintenance fees for landscaping and exterior
• Single home-owners will have to take care of any maintenance

5. Financial plan

• Your budget also plays a crucial part in making decision about buying a house or a condo
• Condos are more affordable than a single-family house
• So plan accordingly, as once you start your hunt for condos or single-family house you may get overstretched financially

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Verified Property Workshop for Home Buyers

Franchise India Holdings Limited is Asia’s largest incorporated franchise solution firm and a complete consultant for franchising and licensing started in 1999. Franchise India provides business franchise opportunities, business ideas and opportunities in India.

This Franchising and licensing consultant organized a workshop called ‘Verified Property Show 2014’, which is India’s first and most reliable education program for prospective and potential home buyers.

The ‘Verified Property Show 2014’ which was an education plus trade show was specifically planned and designed for flat or apartment buyers in order to impart the requirement of a see-through platform, top genuine developers, reliable brokers, and true customers.This will ease the investors and end-users in taking the right up-to-date decision while buying a house.

• This workshop is a platform that aids the real estate buyers and investors to make a right choice and then to make a good deal.This workshop attended by many industry experts, top consultants, major developers, and property advisers was a widespread business program that intended at face-to-face learning by the buyers and investors in real estate market.

This ‘Verified Property Show 2014’also saw the presence of many key stakeholders in Indian real estate industry, potential buyers and end-users of residential and commercial properties, brokers, developers, real estate agents, investors, insurance agents, policy makers to legal advisers, tax consultants, and banker.

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Above 30 Indian Property Developers to UnveilTheir Properties in Dubai

In an expo beginning in Dubai, over 30 real estate developers from India are showcasing their properties to Non-Resident Indians.

In association with a prominent realtor from Mumbai, the Indian Properties; the Dubai based Yard Real Estate is organizing this two-day property fair that will spread the Indian real estate brand to the NRIs across the world.

The fair titled as the ‘Indian Properties Spring Expo 2014’ is being organized with numerous deals and offers in order to attract the NRIs settled in UAE and other parts of the country.

The expo will see the participation of major cities of Delhi, Mumbai, Pune, NCR, Bangalore, Chennai, Hyderabad, Kochi, and Coimbatore to display their projects in Mumbai.

The Indian Properties Spring Expo 2014 will open doors to the novel phase of the real estate sector in India with an innumerable of pioneering housing and commercial products that are incorporated with exclusive services and innovative technology.

The expo in Dubai will see the nation’s top-class developers that will give an opportunity to the NRIs to intermingle and execute good transactions with wide range of options to choose from India.

Some of the major developers participating in this expo and unveiling their properties are Godrej Properties, Tata Realty, Mahindra Life sciences and many other reputed and top-class real estate developers.

For more articles on real estate business go through Real Estate Builders Reviews official Website.

Real Estate Investors’ Sentiment to Continue Dank - 2014

According to a recent report released by the Urban Land Institute (ULI) and Price water house Coopers (PwC), Indian cities dropped down in the rank in Asia-Pacific Real Estate Investment Destinations, but only comfort is that Bangalore City has been ranked among the top 20 cities.

Read more : Investment destinations in India

According to the report titled as ‘Emerging Trends in Real Estate Asia Pacific 2014’, Bangalore was ranked at 20th position slipping from its 19th position in the previous year, whereas Mumbai was ranked at 23rd place and in the previous was positioned at 20th place. And, Delhi retained its position at 21st place as of the previous year, and interestingly Chennai City had made its entry in the list for the first time and was placed at 22nd position.

This is a severe drop in the rankings when compared to the rankings obtained in 2011, where Mumbai and Delhi were considered among the top five real estate investment destination in Asia Pacific.

The report also revealed that the low rankings are due to the economic concerns in India, depreciation in the value of the rupee in the middle of the year, and investment setup is considered as unfavorable by the foreign investors.

With the low rankings it is likely that the real estate investors would hesitate to invest in India and inactive investors will endure to wait this year.

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Land Acquisition Will Be Valid After Full Payment of Compensation to Land Owner- SC

The Supreme Court, in a landmark judgment has stated that, it has held that if under the 1894 act, reimbursement for land acquired has not been paid to the land owner or deposited with a relevant court and retained in the treasury, then what will happen is that the acquirement will be considered to have failed. Moreover, it will be covered under the 2013 law which entitles the landowners to higher compensation.

The only solace under this law is that granting the reimbursement must be five years or more before the enactment of Land Acquisition Bill for easy adequate Transparency, Rehabilitation and Resettlement Act, 2013. Again the Right (Equitable) to Fair Compensation (Remuneration) or Reimbursement law was intimated on Jan 1, 2014.

Read more on Newly amended Land Bill for Future

What was stated by the bench of Justice R.M.Lodha, Justice Madan B. Lokur and Justice Kurian Joseph in their fresh conclusion in the judgment is that the paying recompense amount to government or depositing in government treasury is of no use. Moreover, it can’t be held to be on the same par with the compensation remunerated to the persons/ landowners interested.

The court has stated that while answering the question what the “true meaning” is of the expression: "compensation has not been paid" appearing in Section 24(2) of the 2013 act.

The court has also stated that the 1894 Land Acquisition Act being "an expropriator legislation needs to be adhered to strictly. The whole mode, manner and procedure for payment of compensation are suggested in Part V (sections 31-34) of the 1894 Act. Moreover, what happens with the collector is that he acts with respect to the payment of compensation.

The court also ruled out stating that under a settled proposition of law, when power is entrusted to execute a particular thing in a assertive approach, the thing must be done in that way or not at all. The court while rejecting the appeal by Pune Municipal Corporation defying the Bombay High Court judgment, by which it has extinguish the possession of 43.94 acres for development of a Forest Garden, stated that the other rules of performance were necessarily ruled out.

On Jan 31, 2008, the award for the remuneration for possess these lands was made. Moreover, to land owners, notices were issued to obtain the compensation. However, they didn’t get the compensation, the amount (27 crore) was deposited in the government treasury.

For more articles on real estate business India go through Consumer Property forum Ratings official website.

Property Market to Be Hit By RBI's Hike in Key Interest Rate

According to real estate developers’, the Reserve Bank's move of hiking the key policy rate will affect the property sales. This is more so in the residential area. Real estate builders were disappointed at the move.

But real estate consultants and firms were pitching that this might be the last round of monetary tightening adopted by the central bank.

According to the Chairman of Confederation of Real Estate Developers Association of India (CREDAI), they stated that they were turned off by the development. He also added that the move might add to the woes of the developers’ community.

He also stated that in terms of liquidity and sales, the market might see its bottom. Moreover, there might be some efforts to resuscitate the economy and market in a strong manner. The builders were intensely looking forward to the March review.

With an intention to control inflation, RBI raised the key policy rate by 0.25 per cent to 8 per cent.This was a move which would mean higher EMIs besides pushing the cost of borrowing for the corporate.

According to Chairman of a realty firm, he stated that it was a very disheartening move by RBI to hike repo rate. This will certainly not help RBI control inflation.

Besides this, he also added that the move by RBI might reassure banks to increase their lending rates. This is already beyond reach of home buyers. This is just going to dishearten home buyers.

Read more : Simple tricks to crack house deal

According to CREDAI-NCR President,he stated that presently there was marked slowdown in the overall economy and the property market. Hence, there might not be too much negative affect on sales.

Another person who was expressed his views was the consultant of Knight Frank who stated that the hike in policy rate was "contrary to the expectations". He stated that this kind of rate increase might lay a negative affect in the short term.

He further added that even though the present inflation figures showed a downward trend, what was higher was the consumer inflation. This was known to be putting pressure on the currency.

Indian Residential Market likely to Grow

According to analysts, after seeing difficult time in 2013, India’s residential real estate sector is likely to observe rise in demand and growth in price.

The demand for residential property in the country was sluggish last year during the borrowing costs and slowing economic growth.

Anuj Puri Chairman and Country Head of Jones Land LaSalle (JLL) India says, currently across the country, the residential estate prices are expected to grow by 10 to 12 per cent year-over-year (y-o-y) in 2014.

According to, a property firm, post general elections in India, an improvement in the real estate market is expected, but until then, some ambiguity would be created.

Mr. Puri also described that post elections in the country, the ambiguity that persists now will come to end. He also added, in the first two quarters of 2014, the consumer sentiment will be sluggish due to the qualms related to the general elections and the global and domestic macroeconomic conditions. But, post general elections, it is likely that the inactive investors would become actively involved in investment activities. The raise in absorption of residential units would lessen the currently piled-up inventories of the developers and builders’.

According to the Knight Frank, a property consultant in order to diminish the piled-up inventories that had reached to 13,000 units in the Indian City of Mumbai, developers in Mumbai reduced the property prices by 25 per cent in the end of 2013, but it also added that real estate market is optimistic.

Shishir Baijal, the Chairman and Managing Director of Knight Frank, India said that the real estate story of India remains to be immensely eye-catching. While the Tier-I cities is considered to be going through a phase of inundation, the Tier-II cities have started to attract investors as the IT sector, infrastructures, and industrial sectors are developing here. Hence, a thought is given about the growth of real estate considering other facts of economy along with it. The concept of expensive properties is for the undeveloped land as it is limited, but still the office space and completed residential projects are available at affordable price in most of the places.

The prices in housing segment are likely to increase by 10 to 15 per cent in this year, says the Vice President of Finance and Investor Relations at HDIL, Mr. Hariprakash Pandey. He also added that the post-general elections, real estate activities will get grow and results of the election will raise the demand in the housing sector.

Mr. Baijal of Knight Frank elaborated that the real estate market would be doing well this year. The drive will remain optimistic, if the investment activities are taken in right line that is by lowering the financial shortage and advanced monetary policies that would be drafted by the Reserve Bank of India (RBI). If these are in place, then nothing can cease us in going on the track of the growth, which is likely to happen in the second half of 2014.