Commercial Properties in Delhi India
The commercial aspect of India has come of age. With the retail boom and increasing return on investment in the commercial real estate market, the value of property in Delhi and NCR have grown by leaps and bounds. Real estate in India and especially properties in Delhi has come up in a big way. Particularly, in the commercial areas, where the local retail shops and shopping complexes have been replaced by huge and swanky malls. Even the average Indian consumers, especially the middle income group, are getting a taste of high class luxury through posh malls which are developed in and around Delhi and are built as per international standards, much on the lines of Singapore and Dubai. Today Delhi and NCR takes pride in more than 150 shopping arcades and megalomaniac malls. As per global estimates, more than 26.2 million square feet of land in Delhi would be covered by shopping malls by the end of 2006, with a whopping 60% concentrated in Delhi. One of the leading real estate developers of such gigantic commercial complexes, Omaxe seems to have its finger on the pulse of the times. Omaxe has brought forth real estate projects in the commercial arena of Delhi and NCR, which look nothing less than the work of fine arts. Some of the projects are finished and are running successfully since the time of their completion. Many are still on the verge of completion and still more projects waiting in the pipeline. Delhi, the latest hub of upscale shopping centers and malls, is one of the best cities from the point of view of real estate. Jasola and Wazirpur are experiencing a steep increase in the value of property lately. To tap the potential of properties in Delhi , Real Estate has come up with big commercial projects for both the regions. Commercial space couldn’t have been more elegant than Omaxe Citadel. This shopping plus office complex is close to the flyover to Okhla and Faridabad. Aesthetics weds ultra modern infrastructure, Omaxe Citadel is the home to offices of MNCs and also best brands in the city. a unique concept, Pearl Omaxe is situated on the Ring Road in Netaji Subhash Place. 4 floors of shopping and 8 floors of ultra modern office space - http://www.omaxe.com would surely pass all standards of swanky commercial space. The enormous yet elegant and scientifically planned development is bound to redefine luxury.Charles King writes on Commercial Properties in India - http://www.omaxe.com and Real Estate India - http://www.omaxe.com .
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Loan Fraud
Each year uninformed homebuyers, usually first time purchasers or seniors fall victim to predatory lending known as loan fraud. True, there are many lenders, appraisers, brokers and other real estate professional that legit ably want to assist you in obtaining a nice comfortable home with a great loan but always remember that trite phrase buyer beware. Buying or refinancing a home is one of the most important financial decisions that we make, it is vital to learn as much as we can about the home loan process. That is why I decided to list the most important steps you can take so you won’t become the next victim of loan fraud. Step one is to Beware of false appraisals. You should have a good idea of what houses appraise for. Step two is to take your time and shop around. Competition is great for consumers. If you don’t appreciate one lender’s offer, there is always another one waiting. Step three is be certain that the costs and loan terms at closing are what you originally agreed to. Step four is do not be talked into lying about lie about your income, expenses, or cash available for downpayments in order to get a loan. Step five is get several quotes from multiple brokers or lenders so you know you’re being charged a fair interest rate based on your credit history, not your race or national origin. Step six is watch out for higher-risk loans such as balloon loans, interest only payments, and steep pre-payment penalties. Step seven is be careful about disclosing things like your need of cash due to medical, unemployment or debt problems. You are very vulnerable in these cases. Step eight is do not sign a sales contract or loan documents that are blank or that contain information which is not true. Step nine is don’t strip your home’s equity by refinancing again and again when there is no benefit to you. The Final step is do not let anyone convince you to borrow more money than you know you can afford to repay. If you get behind on your payments, you risk losing your house and all of the money you put into your property. <A HREF="http://www.cerebrine.com">Loan Fraud Home</a>
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Is buy-to-let still a sound investment?
With little movement of interest rates and continuing drops in house prices will buy-to-let now be an investment vehicle of the past? With buy-to-let lenders tightening up their lending criteria, house prices continuing to fall and the general lack of confidence caused by the Northern Rock crisis I believe that experienced investors will still continue to buy rental stock, banking on long term capital gains. However first time landlords or landlords with smaller portfolios are finding it harder to fund new rental stock. For the well placed landlord that has the correct gearing on their portfolio it is still a time to hunt for the next opportunity! There will always be risks involved in any business or investment. For example your investment can rise or fall in value and property is clearly no different. You therefore just need to ensure that you minimise potential risks. In the past I’ve used several methods to minimise risk to my own investment portfolio. These include: Ensure the mortgage is between 80% - 85% of the property’s value. Every time your mortgage is due for renewal try to release equity. This ensures that your rent covers your operating payments and expenses. Start building a fund by putting this money to one side. Therefore if you have sudden repair bills or a vacant property you have money to fall back on. Always keep your property well maintained. If the rental market in your area suddenly changes pace the up together properties will rent much quicker. Always ensure you have a tenancy agreement in place, as this will protect you any your property. Widen the range of tenants you agree to let your property to. You may find that council tenants are able to top up rent monies by their own means, giving you the rent you have always achieved. Areas which attracts students also attracts higher rents. Wear and tear may be slightly higher, but at least the monthly repayments are being met. When increasing your portfolio look for properties that can add to the overall yield of your whole portfolio, ensuring your investments stay balanced. For example try to buy property in disrepair. Once renovated your equity should have increased, which in turn would increase your property portfolio’s yield. More recently overseas property investment has become a trend with investors searching for the next property hotspot to invest in. Things to consider when looking for your next investment whether here or abroad include: How easy is it to get to the property? Can you keep an eye on the property if it remains empty for a period of time? Will the property be let for the whole year or is the property’s location Summer or Winter orientated? Can you easily maintain the property yourself saving you the cost of employing trades people or does the rental income provide enough cash to pay for unforeseen repairs? Will the property’s location ever fall out of fashion with your intended tenants? Remember holiday hotspots change very quickly! Always ensure your investment has a steady stream of visitors. Even if the U.K buy-to-let is not as buoyant as it has been over the past decade the vehicle for investment is still sound. Ensure you put time into researching your potential investment and prepare yourself for long term capital gains. The online-lettings portal will soon allow for holiday lettings to be uploaded ensuring where ever you or your property is located tenants can always be found.Benjamin Perry CEO of online-lettings.co.uk The Specialist lettings website where you can <a href="http://www.online-lettings.co.uk">rent flats</a> or buy a <a href="http://www.online-lettings.co.uk">Tenancy Agreement</a>
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