Wednesday, March 10, 2010

REAL ESTATE FIRMS GAME FOR SPORTS-THEMED COMPLEXES

The model offers homes with sports facilities like race tracks. Real estate projects with "sports" as theme appear to be catching on with Indian developers. Under this model, borrowed from the West, companies offer homes surrounded by sports facilities like race tracks, cricket stadium and lawn tennis courts. And, the pricing is fairly competitive. Jaypee Sports City, coming up in Greater Noida on 2,500 acres, is one such project. The city, being built by Jaypee Greens, boasts a cricket stadium, a go-karting facility and an international standard motor race track, covering 875 acres. While the company has earmarked 700 acres for residential development and 300 acres for commercial and institutional development, the remaining 625 acres will just have greenery. Launched in November last year, the company claims that it has seen good traction. Around 70 per cent residential plots and 50 per cent apartments have been sold.
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"Jaypee Sports City has been conceptualized as an integrated city, where one gets everything that he dreams of in his neighbourhood," said Manu Goswamy, head, sales & marketing, Jaypee Greens. "Jaypee Sports City is a huge project which will be developed in various phases. It is difficult to give the finishing date. We will be able to start the delivery of the first phase (launched inventory) from 2011." The residential plots are 153-538 sq yard each and priced at Rs 18,000 per sq yard. While 850-1,800 sq ft (high-rise apartments) flats will be priced at Rs 2,450 per sq ft, 1,600-2,100 sq ft (low-rise apartments) houses will be sold at Rs 2,850 per sq ft. Emaar-MGF, a real estate major, is also building 1,168 apartments (34 towers) in Commonwealth Games Village in New Delhi. "We have been awarded the work for development of the 27.2-acre residential complex, part of the over 100-acre Commonwealth Games Village 2010 complex. This is one of the most prestigious projects being undertaken by the company," said a company spokesperson. Another sports project is "US Open Apartments" in Mulund, Mumbai. The project, being build by Nirmal Lifestyle, will have amenities like spa, a fitness centre, sports clubs, lawn tennis courts, a baseball court, a swimming pool, and badminton courts, over 75,000 sq ft out of the 5,00,000 sq ft that will be developed. The company has tied up with US Open for this project. "We wanted to bring the concept of health and fitness into the country. Today, many parents want their kids to be sportspersons and if we offer them different stadiums in the complex, the project becomes appealing to them," said Dharmesh Jain, chairman and managing director, Nirmal Lifestyle. The US Open apartments will have two- to five-bedroom houses and the project is likely to be completed in the next four years. "We have seen a lot of enquiries from customers and we expect it to be a successful venture.
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" Nitesh Estate of Bangalore has built a series of sports-themed residential complexes - Nitesh Wimbledon Park, Nitesh Flushing Meadows, Nitesh Roland Garros and Nitesh Wimbledon Gardens. According to real estate consultants, there is a market for residential and commercial complexes based on the sports theme. Courtesy:- BS dt:- 21-feb-2010 For more information regarding apartment in Mumbai, bedroom apartments, buy property in India, commercial complex in India, commercial real estate, commercial space in Mumbai, dealers, flats for sale, Indian real estate investment, investment options in real estate, luxurious flats, malls, office space, office space in Mumbai, online real estate, penthouses Mumbai, plots, property consultants, property in Mumbai, property India, property investment, real estate company, real estate developer, real estate Mumbai, real estate in India, real estate investment strategies, real estate market, real estate news, real estate portals, realtors, realty, residence, residential real estate, sell property, shop, villas, Residential Apartment
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Cheap Distressed Homes for Sale: Smart Buying

Cheap distressed homes for sale offer many great benefits. People who could not afford to buy a regular home are given opportunity to own one through affordable foreclosure homes. Most foreclosed properties come at tremendous discounts, with some more than 50 percent off their actual market value. But as with other good deals, buying foreclosure homes has also a downside. However, you can avoid making mistakes that may result to profound losses if you take time to know the market and the process involved in buying cheap distressed homes for sale. dallas homes for sale Property Inspection: A smart buyer knows when it is important to exercise due diligence. And one of these cases is when choosing a foreclosed property to buy. Get the foreclosed home inspected before making an offer for it. dallas homes for sale A professional home inspector would be able to inform you about the home's structural condition and problems that could result to expensive repairs in the future. You can use this knowledge to bargain for a lower price. Home Appraisal: Have the foreclosed house professionally appraised to know its fair market value in the event that you decide to sell it in the future. This is one way to protect your investment. Knowing the fair market price of a property would help you determine the amount you would be willing to pay for to allow you to profit in the future if you sell the property. Arranging Your Finance: Strengthen your bargaining power by arranging your finances as you pursue a foreclosed dallas homes for sale. If you have your finances in order, you can use this as a bargaining tool to convince sellers to give you a big discount. Do not let the opportunities provided by cheap distressed homes for sale go into the drain. Exercise due diligence by having your home inspected and appraised before you make an offer for a property that interest you.
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Tuesday, February 9, 2010

Buying a Home - You Get What You Need With Albany Realty Group

Searching for a home can be an exciting, hope-filled, stressful, & uncertain experience, all simultaneously. To help alleviate a quantity of this stress & uncertainty, it is suggested that you generate a "Wants & Needs" assessment. It may sound simple, & it is, but it can save you a great deal of time in narrowing down homes to inquire in to & preview. Walking through homes that have everything you are looking for, except that extra bedroom, extra bathroom, full basement or other component you cannot live without, can be a frustrating experience. No need to fear! Gather your relatives, get comfortable, & start your assessment. Basically list items which are "must haves" as your NEEDS, & items you would "like to have" as your WANTS. This exercise will force you to take a more in-depth look in to two of the most important purchase decisions of your life. It will also help to keep things realistic. If you have a $150,000 limit to purchase a home, but you think you need a 10,000 square foot mansion with gourmet kitchen, gym, indoor swimming pool, tennis court, & manicured gardens in Beverly Hills, you may need to reconsider your needs or play the lottery. OK, that example is extreme, but I think you get the point. Take a realistic & honest approach to what you need. Two time you start searching for homes that meet your needs, any additional "wants" will be an added bonus, & may help you to pick on two home over another. dallas homes for sale

Lots of real estate professionals think about price, promotion, & condition are the most important controllable factors affecting the Albany Homes For Sale, with price being the most important of them all. If you think about it, much anything will sell if it is priced right. An elderly non-classic beat up automobile would probably not attract lots of buyers at an asking price of $10,000, but at $500, fixer-upper buyers suddenly appear willing & able to purchase the vehicle. Market value of real estate is determined by what willing buyers will pay within a reasonable time period. How do you decide the market value of your home? The most common method used is the Comparative Market Analysis, also known as a "CMA". The CMA document will include comparable properties that closely match your property's characteristics & location, which are currently for sale or have recently sold. The purpose of the analysis is to arrive at an estimated fair market value, or the price at which a home will sell within a reasonable amount of time. Major factors that affect the value of a home include location, competition, market timing, & condition. Most real estate agents will be over happy to prepare a CMA for you free, & you may need to request an analysis from over two agent. A professional appraiser can also be employed to decide home value. An appraiser can be helpful where there's no comparables that closely match your property's characteristics & location.

Buyers, on the other hand, are often left with a limited number of choices. This is on account of the fact that most of the homes that the early settlers had built are located close to the road or lack proper planning that is characteristic of modern day construction. So even if you are willing to pay a lump sum, you may not finish up getting a house that would match all your requirements. dallas homes for sale

A Quick Guide to Buying Your First Home

If you are a first time buyer then there are a few things you should know before you enter the world of real estate.

A good place to begin is by learning what all those confusing terms mean. You probably know what a mortgage is, but there are plenty of different types of loan and lender which you should compare, and there are many different figures that will be thrown at you when you begin to investigate the possibilities. Before you start looking for your new home and thinking about how you are going to pay for it, it is a good idea to read up on some of these terms so that you will know what your mortgage lender and real estate agent are talking about. It will also help you to decide how you want to arrange your finances. Chances are you're going to be paying for your house over a long period of time, so you want to make sure that you will be doing it in the best possible way. dallas homes for sale

Get as much advice as you can about your finances. It is a good idea to look over your current financial situation before you try to get a home loan. You may want to improve your credit rating first, for example by getting rid of some of your old loans. It is also a good idea to buy at a time when you are in a stable job and have not recently made any major purchases. This will make you look like a much more reliable borrower. You can get a copy of your credit report to check that there are no mistakes, which could be bringing your score down.

Once you understand both your own finances and the world of mortgages and home loans, you are ready to work out how much you can afford to spend on your new home. You should consider how much you are likely to be able to borrow, what size deposit you are going to be able to make, and how much you will be able to repay each month. This means taking into consideration your earnings and other expenses. The last thing you want to do is buy a house you will not be able to pay for, even if the bank wants to lend you the money. dallas homes for sale

As a first time buyer you will probably be able to move into your new home quickly, unlike those potential buyers who need to wait to sell their old home before they can close the deal. You can use this to your advantage, as sellers who want a quick sale may be prefer to sell to you, or may be willing to take a slightly lower offer in return for a speedy sale. You can also improve your chances by getting pre-approved for a mortgage, even before you have picked out a house. This will show sellers that you are serious, and that you are a dependable choice.

Don't be afraid to negotiate over the price. You are not obliged to pay what the seller is asking for, even if you can afford to. Take a look at what similar houses have been selling for in the neighborhood, consider any repairs that you will have to make if you get the house, and offer something a little bit low. This will leave you room to raise your offer, perhaps in return for the current owner getting some work done on the property, or to negotiate inclusion of some of the fixtures and fittings. dallas homes for sale