India’s real estate market is on a high growth curve and is today one
of the fastest growing market in the world. It is categorized into four
sub-categories such as housing, retail, hospitality, and commercial.
While housing projects contributes six-seven percent of India’s gross
domestic product, the remaining three sub-categories are also increasing
at a fast pace. The Indian real estate is an infrastructure services
that is driving the economic growth of the country. The role of
Government of India has been instrumental in the real estate
development. There are many developer and buyer friendly policies which
are introduced by government.
The market of India real estate stood at US $ 56.2 billion in the
survey of 2010-2012 and expected to touch US $ 179.9 billion by 2021.
The market is expected to grow at the compound annual growth rate of 20
percent in the period of 2011-2014. With first series the modern cities
expected to account for about 45 per cent of this growth.
top eight metropolitan cities such as Delhi-NCR, Mumbai, Bangalore,
Chennai, Hyderabad, Pune, Kolkata and Ahmadabad have maximum office
space absorption were up to 59 per cent during January-March 2014 as
compared to periods of last year. During the period of January-March
2013 Ahmadabad and Delhi-NCR recorded a threefold increase in net
Mortgage lenders regard mortgage arrears very seriously. If you have current mortgage arrears, you will need to take some action to recover the situation. If you do nothing, the debts will get worse and ultimately the mortgage lender will seek repossession of your property. This will allow them to sell the property and use the money from the sale to pay off the debt.
Depending on your circumstances there are things you can do: Negotiate with your current lender. .
You will need to be able to keep up your current instalments and pay off the arrears. If your difficulties are short term you could ask if they would consider reducing your payments for a limited time.
Contingent on who you question, you will find varying viewpoints on when and how the Canadian housing market will cool down from its recent meteoric climb. For instance, TD Bank economist Pascal Gauthier bluntly stated in an interview with “Globe and Mail” this month that even though housing prices will carry on increasing by 9% over the 2009 figures until the middle of 2011, they will then sharply fall — possibly as low as 2.7 percent. But economist Sal Guatieri of BMO Capital Markets is somewhat hopeful, telling “The Montreal Gazette” that the overvaluation that resulted in the real estate bubble will just affect large cities, and should not bring about the kind of nationwide collapse anticipated in the US market. However they both agree that the Canadian housing sector will need to cool down, but just how soon it will take place and how quickly it will fall is the question still up for debate.
Guatieri indicated that the price for a family residence should be “about four or five times income,” however the current market in Toronto and Vancouver is closing in around $700,000, which averages 10 times the earnings of the home owner. Even though TD Bank had at first forecast 1.6% gains in 2011, this kind of real estate hyper inflation in the middle of economic recovery has in fact compromised the market, and they are already seeing the signs of cooling this year derived from the surge of new housing starts and new listings. places like Mississauga are still seeing an escalation in new Mississauga condominiums but sales could start to cool.
In their discussion with “The Vancouver Sun,” TD admitted that their forecasts have been off in the past, because their late 2009 forecast did not anticipate the rise in first quarter sales for that year that was an unpredicted “move by buyers and sellers to pre-empt regulatory and interest-rate changes”. The looming harmonized sales tax due to take effect in July in Ontario and British Columbia definitely impacted markets in those provinces. In expectation of this July time limit, the Bank of Canada has now declared its intention to lift their overnight target rate by July to counterbalance the recent record breaking low rate of 0.25 percent. Higher borrowing costs should act on cottage country with deduced values for places such as Wasaga Beach real estate and this could constitute an opportunity for buyers.
If you own a property, it’s important to make sure it’s protected from potentially damaging conditions. Whether you already own a home and need to perform upgrades or you’re building a house from scratch, it’s important to consider the dangers of high water. In fact, this is such a concern in low-lying areas that any property in a FEMA-recognized A-type flooding zone is required to feature a flood vent system. By installing these devices in your property, you’ll protect yourself from dangerously high levels of water.
A flood vent works by allowing water to pass from your property’s exterior to interior and back. In doing so, it allows high concentrations of water to move to less concentrated areas. Flooding can cause a great deal of stress on your property’s foundation. This stress can cause cracks and compromise the structural stability of your home or business. While it may be difficult to detect these damages, that doesn’t mean their impact won’t affect your property’s value for years to come. As a result, it’s important to inspect your foundation and research whether or not you could benefit from a flood vent system.
For those who already own a property in a low-lying area, it’s fairly easy to install the necessary equipment. There are different products for home and business owners who have different priorities. If you don’t want to compromise your building’s aesthetic, you an choose a system that uses relatively few vents. On the other hand, someone who wants superior protection should install a system that is quite extensive. Consult with a contractor who can help you determine what’s best for your home or business. With proper waterproofing devices installed in your property, you’ll rest easy knowing your investment is safe.
Emergis Capital Group launches Aspire Panama Real Estate Service for High Net Worth Individuals.
Panama, Rep. of Panama, Aug. 4th, 2008 Emergis Capital Group, a financial and real estate services firm based in Panama City, launched Aspire Panama Real Estate service. The service is geared towards owners and purchasers of high-end, luxury real estate properties in beachside and mountainside resort towns in Panama. The service is part of Emergis Capital Groups Real Estate Practice and complements other services that the company offers to high-net- worth individuals including Corporate Finance and Advisory services to majority stockholders and board members of companies in Latin America.
The properties showcased by the Aspire service are added to the Emergis database after close consultation with the property owners. A consultative approach is taken towards the sale and purchase of high end real estate in Panama. The service was created by Emergis as this market niche is underserved by traditional real estate brokers in Panama. Many traditional real estate companies in Panama are not professional, their brokers do not speak English and they do not provide value added services. The Aspire service is all about providing the customer with peace of mind that their real estate transaction will be handled professionally. An Aspire representative will handle all of the legal, title and insurance related transactions through its partnerships with service providers in Panama. Additionally, if the purchaser of the property is from the United States, Canada or the United Kingdom, Aspire will facilitate the financing of the property at attractive terms that allow the borrower to make payments in their home country.