Monthly Archives: October 2015

Growth of the Residential Property Market in Jaipur

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Jaipur being amongst the fastest growing cities of the country in every aspect and with these propelled commercial and infrastructural developments, how could we expect the residential market to be lagged behind?

Jaipur has now been marked as the dawn of the new real estate era and the entry of major companies means significant growth in demand of more residential areas for the native as well as the people from outside.

The areas in Jaipur that have been considered as the upsurge for the real estate market have been witnessed in the suburban micro- markets like Jagatpura, New Sanganer Road, Ajmer road, Tonk Road, Sikar Road and Sirsi Road with most of the developers investing into this potential real estate hub with various projects in apartments and flats.

Jaipur is principally an investor’s market with 60% market share and expected to rise further if looked as a mid- long term investment. The appreciating Delhi NCR market too has put in the fuel to the demand for affordable market nearby. Key parameters like infrastructure, residential cost, proximity to retail establishments, future employment generation capacity etc. also helps in projecting Jaipur as the next big thing in Indian real estate market.

Real estate experts has also confirmed that real estate sector of Jaipur is witnessing a huge expansion and could become a promising and potential avenue for investment and with commencement of Delhi-Mumbai Industrial Corridor, forecasting the better times for sure.

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Let your ageing be slow!

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While your age number is increasing, let your health keep it slow. Health and fitness has become the prime responsibility of the real estate companies. With all the advanced technologies incorporated in and around the flats they prefer to provide the best amineties to keep your health good and let people guess and get surprised with your age.

Companies are creating quality health information and an idea to get these clubhouses into a great existence that is authoritative, approachable, and actionable.

No matter if it is about loosing your weight or gaining muscles or genrally working out for a fit and healthy routine, you’ll find all the advice, encouragement, and support you need here.

These clubhouses build up facilities for every age group to participate into this mission of health and fitness through swimming pools, yoga halls, jogging tracks, gymnasium and other fitness facilities.

Adding gymnasium to your lifestyle will definately add a beauty quotient to your image and will leave people surprised about your age and looks. That’s something these real estate companies are bringing to you within a safe residential arena.

Making your health and fitness a keen topic of interest and look for all the fitness amineties before you give yourself a new abode.

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Real Estate Terminology 4

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Adding on to the previous set of posts, here is a collection of more terms of Real Estate.

Property Terms – D & E

Developer

An entrepreneur who has an interest in a property, initiates its development and ensures, that it is carried out ( for occupation, investment or dealing) and from the outset accepts the responsibility for providing or procures the requisite funds needed to finance the whole project.

Development control

The powers of a local planning authority to control the development and use of a land.

Development yield

In a valuation to ascertain a ground rent, the rate at which costs are decapitalised to find the annual deduction from the occupation rents.

Discounted cash flow analysis

Techniques used in investment and development appraisal whereby future inflows and outflows of cash associated with a particular project are expressed in present-day terms by discounting. The most widely used forms of DCF are the internal rates of return (IRR) and net present value (NPV). The techniques may be used for such purposes as the valuation of land and investment, the ranking of projects or their components.

Effective rent

The gross rent payable per month by the occupiers which includes the base rent, maintenance charges, imputed costs of loss of interest on security deposit and rental advance. The effective rent indicates the total cash outflow of an occupier every month on account of leasing any property.

Equity linked mortgage

A mortgage whereby the interest on the principal in part or in whole is calculated, usually yearly, by reference on the security. It may reflect annual increase or possible decreases, in the annual return on, or the value of, the property in which the mortgage is secured.

Escalation clause

Specified in lease agreements wherein renewals of lease period are built in. It involves an increment in the base rent at every renewal of a lease agreement and is generally a percentage rate that is either pre agreed or negotiated before the renewal of the lease agreement.

We will continue updating you on more such terms in the coming week.

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Real Estate Terminology: Part 3

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Continuing with the series, take a look at more such terms.

Capitalisation

At a given date the conversion into the equivalent capital worth of a series of net receipts, actual or estimated, over a period. 

Catchment area

The area of land which finds its way into a particular watercourse, lake or reservoir.

Central business district

Generally the area of highest land value within a city. The functional centre in the city with shopping facilities, office accommodation, leisure facilities, buildings for recreational use, public museums, art galleries and governmental functions are found.

Clearance area

An area which is to be cleared of all buildings. Generally promulgated by way of a government declaration, which is normally followed by the acquisition of the land and the clearance of the area.

Completion certificate/statement

A statement prepared by solicitors, usually those acting for a purchaser and a vendor respectively, following the conveyance of an interest in property, giving a schedule of sums received leading to a balance being the final amount due to the vendor. In some case the statement is prepared at a later date and may show a figure recoverable by the purchaser from the vendor.

Conveyance

A document transferring title to land from one person to another.

Current yield

The remunerative rate of interest which is, or would be, appropriate at the date of valuation, assuming the property to be let at its full rental value. It will be the same as the reversion yield where the reversion is to full rental value, and the same as the term yield where the rent receivable under the lease is full rental value.

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Ways to spend time with nature and be healthy!

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Here are seven easy ways to enjoy the benefits of nature!

  1. Make ‘being outside’ a ritual. Go for a morning or evening walk every day. And if you have one, bring your pooch—Exercise is good for fido, too.
  2. Try gardening. From a planting vegetable garden to planting a few flowers, both activities get you outside regularly and communing with nature.
  3. Take vacations in beautiful places. For your next scheduled break, visit a state or national park or go to a beautiful beach—whatever landscape speaks to you!
  4. Find a trail. Whether hiking or biking is your speed, there are trails around the country for you to explore. Find one near you at trails.com.
  5. Sit outside. We’re always so on-the-go. The next time you need a break, try sitting outside quietly and just appreciate the natural beauty around you! Notice the scents, sights and sounds as you sit quietly and focus on the moment.
  6. Go to a local park. Ask others in your neighborhood which park is their favorite to visit. Then the next time the weather is good, trade your usual gym workout for an outdoor one!
  7. Commit to the outdoors, rain or shine. When you’re layered properly, you can enjoy the outdoors in any season, cold, wet or hot. Don’t forget about the fun and healthy outdoor activities available during the rainy or cold months—these are the times that we have even less outdoor interaction, but may be when we need it the most!