Six Steps to Building Good Business Relationships:

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Any business venture requires good client relationship for its success. Good customer service is more important in the case of property managers; they dealing with the property owners under whom they work and also with the tenants who interact with them on a daily basis. An efficient and effective property manager is one who combines all the business practices to build a good customer relationship. The following are the six steps to build good business relationships. Continue reading →

Why Invest In Land during Economic Downturns:

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In many parts of the world, economies are falling. There is talk about economic crisis, recession and credit crunch in the media like radio, television and newspaper. The brainy investors are changing prospect from commodities, forex and shares to land due to the financial bailout and bank crisis. Today, land is considered to be one of the assured investments. During economic downturns, the value of money may fluctuate whereas land has a fixed value. Despite the actions taken by the state, the value of shares is falling. The economy has not given any signs of recovery even though the government is bailing out tones of dollars to energize it. Failing is apparent and there are more banks that are at risk, the crisis being similar to that in the 30’s and 80’s.

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Current Scene of the Indian Real Estate

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The real estate sector has become a critical sector of our economy. It is on its growth path. It is having effect on the economy and contributes to almost 5 to 6 percent of GDP. In India it has become second largest sector which is providing employment to people after agriculture. It is also stimulating demand for cement steel paint building materials bricks consumer durables steel iron as well. After allowance of FDI by government we have seen boom in investment and developmental activities. Due to that many foreign real estate investment companies started investing in India. Property market in Indian cities is in bubble state and is expected to burst by November 2014. The primary cause for bubble state is political uncertainties and new RBI norms that severely restrict banking exposure to the real estate sector.

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Real Estate sector as a fastest growing industry.

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The Indian economy has witnessed robust growth in the last few years and is expected to be one of the fastest growing economies in the coming years. Demand for commercial property is being driven by India’s economic growth. Real estate in India contributes about 5 per cent to India’s gross domestic product (GDP). The total revenue generated from the real estate sector in 2010-11 stood at US$ 66.8 billion.

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Things to consider before buying a flat or apartment

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Before you purchase a property investment you should keep some elements in your mind. You have to keep certain things in your mind. Buying an apartment OR flat is one of the important decision one makes. It can be a great asset, as long as you invest in one that meets your budget and enhances your financial status.

Certain things that you should keep in mind are listed below:

Which properties are smart Investments?
Whether you intend to Rent out your property OR keep it for your own plays a significant role in deciding the Location OR area you want to choose. In case if you are buying it for Rent out purpose please keep below mentioned things in your mind:

• Elevator in the building.
• Metro/Road facility nearby.
• Large windows
• Proper ventilation and not much congested.

Investments that can increase value of your apartments:
Anything that makes apartment appear brighter, better lit , more spacious , cleaner OR better laid out will generally improve the value . You can increase a lot of re sale value if these things are available Or can be changed. So, there should be some scope for making amendments if a buyer wants to do.

Investments that will have no impact on your Apartments value:
Most of the time the things that you can’t see generally doesn’t improve the value. For example generally you don’t recapture the cost of redoing the electrical or plumbing system, or the cost of fixing old windows or doors , broken sinks OR broken toilets.

The Location of the Apartment:
You must consider a flat OR apartment with a balcony, especially if there are great views outside. This will certainly help you to sell it when the time comes. You will be having good quantity and better quality of prospects as well,

Which Floor? :

It is also very important to decide which floor you are buying. If you are going to purchase an apartment OR flat above the ground floor, you may find it difficult to carry your shopping articles above. Incase if there are no elevators, it may worsen the situation. If there are more than 3 floors, it is guided that a n apartment should be having a proper lift for that.

We have to keep pros and cons in mind before buying any flat. For Instance Ground floor apartments may have proper garden in front but it may be more prone to thefts. On the other end if you are going for First floor OR second floor it may be warmer in Summer but it may have the advantage of panoramic views.

How close is the building to shops, cafes, malls.
What security measures are available? Are there any security cameras?
Other facilities like Gym, Parks, and Swimming pool are there Or Not?
Check the amount of pollution in the area?

So, in a nutshell, first set priorities. Then go for it. As it is a very crucial decision to make and if the decision is right in the beginning, it may result to increase in profits.

Imperia Structures Ltd is on of the leading real estate developer in Delhi NCR. if you have any Imperia Structures Ltd Complaints or Imperia Complaints or Imperia structures Complaints contact us.

 

Property investing: Higher means of return

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There are a lot of developments going on in the real estate sector that has brought this unprecedented growth. A lot of people are investing in this sector due to its growth prospects and high returns. Investing in property in our country is a sure way to get higher returns. Tough sometime back, there was a slowdown due to the economic recession, but now the real estate market is going through an upheaval phase. According to industry experts, there has been a consistent growth in the properties scenario in India. The metropolitan cities as well as some smaller towns have seen a spurt in real estate development in the last few years. There has been an increase in the value addition in the lives of the people. After the slump due to recession, the real estate market is back on its toes. The maximum benefit is in the residential properties, these properties offering greater avenues and higher level of scope. So planning to invest in residential properties is a wise decision which would generate huge amounts of profits. In addition to the growth of real estate in the country, there has also been a growth in the commercial sector and this growth has been noticed by the global leaders in the industry. Now international developers and investors are investing in real estate and also in other sectors in India. India is now in a better position as the economic equation with other countries has changed over the years and investors are viewing this country as a lucrative destination. Continue reading →