Why Real Estate Industry in India is Ripe for Disruption in 2015

As we round out 2014 with a slew of predictions about entrepreneurial innovation in the year to come, there’s one industry that’s virtually always  overlooked in these discussions– real estate industry.  Nevertheless, mark my words. The industry of real estate property is on the brink of disruption.   Though one of the oldest industries in the Indian real estate such as both commercial as well as residential real estate has lagged behind other industries in terms of innovation, particularly when it comes to adopting and advancing technology  In fact, it has been argued that the both residential as well as commercial real estate industry of India is in the same place that the financial services industry.   Thus, there’s a huge opportunity for real estate investor and builder to enter the market to transform everything from how a transaction is done in the manner and method that critical information is accessed.

Where are the specific areas we should expect to see the greatest change?

  1. Better transactions- At the end of the day, both commercial as well as residential real estate is about closing deals—the smoother the process the better.  Fortunately, there is a host of technology and some multinational companies working to provide brokers with tools to make these transactions easier to track, monitor and execute.  One major player is Cosmic India, a leading real estate company in India that has quickly found traction for both commercial as well as residential lease comp information, data that was not previously published or made publicly available.

  2. Improved process management- When it comes to both commercial as well as residential real estate development, finding the right vendors and keeping the project on track can be real challenges. That is why companies like Cosmic India, are generating so much buzz.  Honest Buildings increase efficiency by connecting real estate developers and owners with vetted architects, contractors and other vendors.  Rather than rely solely on word of mouth, businesses can now choose based on past performance, availability, broad reviews, and of course price.

  3. Information aggregation and sharing- Perhaps the area where there’s the greatest likelihood of disruption involves information and facilities available – which in many ways are the backbone of the industry where listings and deals are constantly changing.  Having timely access to information can significantly help all parties involved—from the broker to the client. Cosmic India a leading real estate company in India has also played a role here by aggregating and sharing real estate information that is otherwise hard to locate, difficult to compile or unavailable

As the both commercial as well as residential real estate industry in India continues to grow and evolve, it will be interesting to watch how continued transparency and investment in technology impacts the industry and changes how business is conducted.  With both commercial as well as residential real estate poised to bridge the technology gap and with technology companies ready to produce innovative solutions to today’s, I predict that 2015 will finally be a year of real, measurable change for the industry.

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10 Tips for New Real Estate Investors 2014

Many property investors today want to add real estate to their investment portfolios, but they don’t understand the complex nuances of real estate property investing in India or how to begin the process. Real estate property investing in India is substantially different from investing in stocks, bonds, and CDs, and it can seem overwhelming to brand-new investors.

1. Real estate property investing in India is a business, and you should treat it as such. Start by developing a good business plan, detailing the nuances of starting and running your business, with realistic goals over time frames of one, three, five and 10 years.
2. Check your credit report to determine your ability to finance investment property.
3. Find a good bank or mortgage broker in your area if you’re financing your investments. Real estate agents who belong to the National Association of Realtors and must adhere to a code of ethics are good sources for recommendations, or you can ask other investors whom they’ve used.
4. Determine the best areas to look for real estate properties investment. Some new property buyer and seller make the mistake of limiting their search to areas close to their property. But often better rental areas may be located a little further away.
5. Talk with other real estate investors about local real estate industry. Join a real estate club in your area. Real estate clubs are great places to network with other investors, lenders, and repair service providers.
6. Consider multiple sources for buying or selling real estate properties. New investors may think they can only buy or selling homes through their local Multiple Listing Service, or by banging on doors in run-down neighborhoods looking for distressed sellers.
7. Spend time reading about real estate property investing market.  A tremendous amount of free information exists today online about real estate property investing. When purchasing a book, look for those that offer practical guides on buying, flipping, renting, and selling properties.
8. Find a good Realtor to help you locate properties. Not all Realtors are experienced or even adept at helping investors.
9. Look for a return greater than 1% per month of the sales price. An old maxim of real estate expert says that a rental property yielding 1% of the sales price per month is a good deal.
10. Learn from the best. To achieve success, model your investing decisions over what other successful real estate property investors in your area have done.

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Top Tips to Get Started in Real Estate Property Investment

Investing in real estate property often turns out to be the most profitable business decision one ever made. But it is not child’s play. There are so many critical aspects that need to be considered while researching and deciding on a property you are interested in purchasing.

Here is a step by step tips on how to get started in real estate property investment.

Get Your Loan Pre-approved

If you need to take a property loan from a bank or a financial institution, you need to ensure that you are eligible for it first. Most banks have an eligibility criteria depending on the loan amount. Research the loan rates and conditions of different banks, compare them and finalize on one of them. You might have to show them your income statements to verify that you are indeed eligible for a property loan.

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Fix Your Budget

First for fixing your budget before thinking about your purchase, you need to figure out how much money you can invest right away. Many people skip this step and end up buying properties that they really can’t afford. Take some time to check your finances and set a budget for your real estate investment.

Identify Your Income Sources

While you are finalizing your real estate budget for buying any property, you also need to note down where you will be getting the money from. Can you dilute some of your other monetary investments? Will you have to take a loan? Do you have an inheritance you can rely on? Answering these questions will help you identify all the sources where you can get the money for your property purchase.

Identify the Location

Before you start looking at individual properties, you’ll have to decide on which locality you’d prefer to invest in. This decision will also depend on the budget you’ve set apart for your property. Properties in the heart of key cities will cost more than those on the outskirts. So, consider the property price in the locality before you finalize on it.

Decide on the Type of Property

You can choose to buy a plot of land, a commercial building, a single apartment, a villa or even an office space. Think about what kind of property you’d like to invest in, and then go forward. It is imperative that you have a clear idea of what you’d like to do with it in the future before you make your final decision.

Negotiate the Price

Once you’ve finalized your property, negotiate the property price with the seller. Most of them offer deals and discounts if you are willing to pay a bigger down payment. Take a look at what the prevailing property rates are in that area, and use those facts to negotiate the price and terms of sale with the seller.

Seal the Deal

If you are satisfied with the price, and terms of the sale, you can go ahead and seal the deal with the seller. A legal agreement will have to be signed by both parties to ensure that the sale contract is finalized. You can check our article on how to register land in Kerala, and follow the steps outlined there to proceed with your purchase.

Start Researching Properties

This is where the real property hunting begins. Pick a few properties that catch your fancy and research them thoroughly. You can check a few online real estate portals, ask local brokers, and even friends and relatives who might have some prior experience in buying a property in that locality.

Finalize the Property

Based on the results of your research, you can then finalize on a property that suits your budget and has all the amenities you require. You do not have to make a hasty decision, though. You can sort out your options and take your time before making your final decision.\

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The Indian Real Estate Investment Tips for Beginners

Consistent performance of the property sector in India has earned investors’ confidence. The market lately outperformed all other investment sectors in terms of returns and surfaced as a form of investment that is destined to grow over the years and sometimes sooner. To reap the benefits offered by the India real estate market and see your investment grow in rather short time, you have to consider some factors:

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Where is more important than what

In Indian real estate sector, “where” is more important than “who” and “what”. In most case, the location determines the future of real estate property investment and if chosen wisely, you can bag greater profits in rather short time. Investment in fully developed locations reduces the profit margin since the real estate property value generally increases with infrastructural development and reaches its saturation point after some time.

Measure demand realistically

The demand determines the value of real estate property and a wise investment decision is based on realistic estimates. The real estate property purchased for investment is it long-term or short-term will yield better gains only if the future of development is sound. It has been observed that the locations attracting more buyers sustain their charm among investors. Therefore, while asserting the future of real estate property you intend to buy, consider its resale value as discretely as its location.

Invest in smaller plots

Considering the buying power of general property buyers and investors in India, investing in smaller properties increases your chances of attracting more buyers. The buyers for bigger plots and properties are limited, which is the major reason why price escalation seen in bigger plots is rather less prominent. If you have a decent capital to invest, splitting it in multiple portions would be a good idea since the risks involved in real estate investment are reduced if the amount is invested in more than one type of properties.

Real estate analysts and experts believe that real estate property markets come across prominent highs and lows every 10 years helping the market shift and shuffle to benefit everyone. For Indian real estate sector, next couple of years looks promising and if you wish to get your share from the market, you must start preparing for it.


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Top Tips for Real Estate investors in India

The real estate property is still considered as one of the safest long-term investments in India. Real estate has been a hot investment area in spite of the economic and political ups and downs. Individuals either wish to buy a property in Indian real estate market and rent it out straight away or simply choose to live in. Investing in bricks and mortar is a great way to create wealth, but there are certain golden rules mentioned below that need to be considered before taking the dive into investment in India real estate industry.

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Plan your budget

It’s important to have clarity of your financial budget before you investing into real estate property investing. Alternatively, you could also check with your bank to understand how much they can lend you before you begin the look-out for the right properties for you.

Understand the real estate market

Needless to say, it is important to cautiously assess a prospective real estate property buy from as many perspectives as possible, even if it requires the support of particular persons or agents rather than taking an impulsive decision although appearing perfect on the first few glimpses. Some real estate properties might call for minor to moderate renovations or repairs from the seller’s end and therefore, ascertain you take into consideration the end bearer of the costs before pouching into such deals

Understand your Options

Just as temperatures are starting to rise, so are multiple offers on prime real estate properties in some recovering markets. Investing in Indian real estate industry needs a thorough and clean introspection and understanding of options. Each option of the real estate property is associated with the views of different channels, people and venue hence come with their own set of pros and cons; it is therefore recommended to draw comparisons of the boons and banes of the options judiciously to have an amazing deal and experience all together for all time to come.

Look for properties in growth area

The real estate property prices vary with the location and its frills. So it is always considered a wise decision to invest in real estate properties located in areas whose prices are expected to increase with time. But poor choices may come back to haunt you. To note, buying a property close to transport, hospitals, universities and schools makes it more striking as it can easily be given out on rent.

Don’t jump to tag price first

Never hurry to name a price for anything. Rather allow the seller to be the first to quote a price be it a purchase bid or repair cost, as many a time people like you undervalue their property which can leave you astounded.

Inspect the property after circling upon one

Once a real estate property and the corresponding Realtor has been chosen,  take the time to understand the property report to avoid expensive overheads, repairs and other hazards down the track before penning the contract. Make sure you have no surprises and feel free to ask them out verbally or through written letters to the seller. Always watch out for potential problems to avoid such as local issues, land issues, termites, etc. Check and talk to the new neighborhood. Once done, it’s time for cheers!

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Invest Today In a Commercial Real Estate Property in Delhi NCR

Buying a commercial real estate property in Delhi NCR including Faridabad, Gurgaion, Noida, Ghaziabad can give you a lot of advantages like assured returns, better visibility to your business if you are buying commercial property  it for end use, and huge capital appreciation in future.

In fact, if there is one such city in Delhi NCR that offers a solution for just about anything, starting from accommodation to entertainment, it is certainly both Noida and Greater Noida. The city has always been an ideal destination for India real estate market investments, especially, in the residential segment as there are ample options from studio apartments to stylish bungalows.

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However, the rising demand for residential real estate properties has also boosted commercial property developments in the city. Quite obviously, every residential area requires a commercial real estate complex in the vicinity for convenience of the dwellers and this has led to the increased demand for commercial properties in Indian real estate market.

If you are planning to invest in a Noida commercial real estate property, you will be delighted to see the range of options the city has got to offer. The newly-launched commercial projects in the city are a blend of style, luxury, convenience and beauty.

Some of the best commercial property in Delhi NCR include Cosmic Business Center, Cosmic Corporate Park 140, Cosmic Cruise, Cosmic Masterpiece and best residential property in Delhi NCR include Cosmic Urban Young, La Gracia - City of Romance etc. The projects offer a variety of facilities starting from retail/office spaces, food courts, family restaurants, multiplexes, play zones, convention halls and serviced studio apartments.

The mixed-use increase policy adopted by the builders and real estate developer is a great advantage as it ensures better capital appreciation thus helping you get a huge return on your investment. Most of the commercial property come with a promise of 12% assured return, so you can stay assured of a fixed return after a certain interval if you invest in the property in India real estate industry.

Basically, by investing in an upcoming commercial property in Delhi NCR real estate market, you are getting easy access to a wide variety of options so, in a way, work is going to be fun! Currently, the city is witnessing rapid developments along with simultaneous development in the infrastructure segment. So, it’s high time to put your plans into action.

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Is It Right Time to Invest In Delhi NCR Real Estate Market

It is the most asked question by every person who wants to shares an interest for real estate investment market. Almost dead stock market, fluctuation gold prices, down sliding fixed deposit and falling Rupee has no doubt attracted the NRIs as well as other investors to put their money in Indian property market. What other options they might have in current volatile market. The only thing that they need to care about is – The right place to enter at right price at right time, for example, one can step in with some renowned projects at the places where prices are not too high and chances are good enough to upsurge.

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For NRIs and foreign investors, it’s definitely good time to invest in Indian real estate as, the rupee has depreciated considerably and thus the values /prices of properties have fallen in terms of dollar, i.e an increase in purchasing power of foreign investors and NRIs. Also, a wide range of real estate investment options with various ticket sizes are available with improved property features and service qualities, that can help NRIs to choose the right gate to step into Indian real estate market. They can also avail the opportunity of slump in sale of properties that can help them to get some good deals after a discussion with developers. No doubt that it’s like a double benefit for NRI investors as weaken rupee is not going to last forever, it will be short-term and thus will work like exponential growth factor because the property prices will appreciate too.

Now buyers are also getting conscious and are asking to see the development before investing. They are also ready to forgo the huge discounts that are being offered for registration during property shows. So, we can say that buyers are careful enough to not to fall in trap; says a sales person.

According to real estate experts, the investors are suggested to be prudent as the residential property market has seen stagnancy for the past few months, which has resulted in slowing down the property price appreciation in the majority of leading urban areas. NRIs can take this scenario as an opportunity to invest in residential projects by renowned developers. No doubt the falling rupee against dollar will also be very handy. However, at the same time NRIs must also remain cautious about various dubious payment schemes, profile of developer and his ability to deliver project on time.

About the high prices, the experts make investors responsible. Right now, investors are playing a greater role than any time before in the real estate market which is keeping the prices high. No doubt, the Land costs, construction costs and finance costs all have gone up and naturally the total price has gone up. However, the current prices would not be sustainable if end-users were the only buyers. The prices are floating where they are because of investors.

In most of the fast developing residential real estate markets across the globe, the speculation based investment exists, and the same is with Delhi NCR real estate sector too. However, the country has a strong end user pipeline guiding demand for new housing in the country which will eventually balance the Indian property market.

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Delhi NCR Real Estate Market- A Good Investment Option

Delhi is the national capital city of India and also one of the best destinations for investors to buy property. Delhi having an advantage of good connectivity with most of the cities in India houses the top most corporate houses in the world. The main upswing of construction activities is going on in New Delhi, with number of both residential as well commercial spaces being developed by prominent India Real Estate Market.

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DDA has drawn up several plans for next two years including mega housing project in Dwarka, Bio-diversity Park housing over 5,000 species of flora and fauna along the Yamuna banks, a spiritual garden forming a link between South Delhi's three major temples in Kalkaji.

Cosmic India is all set to carve a substantial niche for itself in Delhi with its Property in Delhi NCR: Cosmic Cruise and Cosmic corporate park. Being the IT hub of India, Delhi proves to be the center for real estate transactions in the India.

With the increasing influx of students and tourists in the city, Delhi NCR Real Estate Market have started coming up with the idea of service apartments a concept borrowed from the West. The Commercial Property in Delhi are fully furnished and provide a nice staying experience in Delhi. They are are becoming very popular amongst these international tourists and students as they are cheaper than the hotels and give them a nice, secured homely experience.

With unavailability of land in rest of Delhi NCR, Property in Yamuna Expressway has become apparent choice for Delhi NCR Real Estate Market for constructing apartments. Investors are readily interested in buying property in Noida Extension as the rental values have also sky rocketed in the past few months. Moreover, with growing crime rates people are very all these apartments.

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Indian Real Estate Market - Things Your Neighbor Don't Tell You

I may steal your Wi-Fi: Many people admit to illegally using their neighbor's Internet service. This can significantly increase your Wi-Fi bill. Not only can this practice be expensive for you, it can also get you in a lot of trouble. Your neighbor could be using your Wi-Fi to do illegal activities. This could result in you facing charges and legal fees. Secure your Wi-Fi and change the password regularly. This will protect you against your neighbors.

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We will be loud: Noise complaints are a huge issue in neighborhoods. Loud dogs, music, alarms, and even arguments can really carry. Noise can be very annoying. It can also lead to health issues. You may experience loss of sleep, anxiety, and stress because of your noisy neighbors. To minimize noise, you may want to consider investing in soundproofing.

Registered sex offender: Registered sex offenders are not required to report their status to their neighbors. Their status is available to the public online. Registered sex offenders are required to notify local law enforcement of any change of address or employment. All of this information is made public via the National Sex Offender Registry. Unfortunately, the presence of a convicted sex offender can hurt property values. There really is not much you can do to deal with a registered sex offender neighbor.

I have a pest infestation: Your neighbor may be plagued with unwanted guests. It only takes one case of bedbugs to spread throughout an apartment building. Pests like bed bugs require intensive extermination. Extermination can also be quite expensive. It can cost thousands of dollars to for several cycles of extermination. Be wary of unhygienic neighbors. Dirty neighbors are more likely to have unwanted pest infestations.

I am a trouble maker: If your neighbor is involved in any illegal activities, it will probably negatively affect you. If the police investigate your neighbors, you may be involved in the investigation. Your neighbors' sketchy friends may also endanger you too. They may even try to break into your home. Any legal troubles your neighbors have will hurt your listing price too.

To protect yourself, you should invest in a home security system. These expensive security systems will help protect you. Look for a system that includes cameras and window and door sensors. Large fences and strong gates can also help too. Invest in a security system, and you will be thankful later!

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Economical Controls on Delhi NCR Real Estate Market

With the fall in the financial system, people are enclosed with the problems they have not at all faced before. The situations have turned into so harsh that people have had to leave their well-deserved properties in India right away. At rest, in other circumstances, there are a few entrepreneurs who turn conditions for example those into a leasing occasion. Some specialists like a property management company can permit those citizens that one time were proprietors an opportunity to currently become renters.

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By way of the bad economic condition, came a two-sided result in the India property buying and selling market. Owing to high interest rates, the landowners are flooded with large time debts and there was a mass quantity of public selling their residences as the prices slumped to their lowest in the past. Even decrease to a smaller house wasn't an alternative for some. This carried a big dilemma in the real estate business and things driven out to be very appalling in the end for landowners, but the renters and the management companies have held their own.

Purchasing property in Delhi NCR nowadays is still a large risk though it is improving. Most people are still listing on renting both commercial as well as residences until they can feel new monetarily secure. If you own a real estate property at present, save it and rent it out if you desire to fetch it in use. Renting will offer you cash and you do not have sold it in underrated conditions. Be stylish. Do your investigation in realestate property in Delhi NCR. Search for the advice of populace who were managing properties earlier than we found ourselves in this monetary situation. They will have a few suggestion and advice for your India property management since this will not be a fresh project for them. They will have skilled what it akin to try to rent a home out when the economy is flourishing and will present you a better vision of the ups and downs of management position.

No subject how the economy recovers, on the other hand, there will forever be a want for rentals. People who are just starting their careers, those that are breathing in a latest region and want time to research a precise vicinity of a city or town before they purchase, those that get themselves in a high school tax spot but no longer have kids that exist at residence. There are lots of motives for renting a property in India. If you are lucky sufficient to have the facility to purchase a further home for the period of this time of lesser prices, then goes for it, land rental and management will forever have a region in market in spite of of the economic state of the union.

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Reasons to Invest In Delhi NCR Real Estate Market

Delhi, the capital city of India, is one of the most developing cities in the country with incomparable growth and development in various sectors... The real estate investments in Delhi NCR Real Estate Market offer huge profitable rewards due to many reasons. Owing to the constant rise in real estate prices, there has never been a shortage of investors availing profitable opportunities by investing in properties.

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There square measure numerous kinds of properties accessible for investors and patrons these days. The town is well-known for its lovely leaf and sumptuous sceneries. Within the past few years, the demand for both commercial as well as residential property in Delhi NCR is on the high. With over thousands of migrants from neighboring states, the demand for residential as well as Commercial properties has skyrocketed. This is often one among the explanations for prime costs for real estate Delhi.

Delhi, the capital city of India, is one of the most developing cities in the country with incomparable growth and development in various sectors... The investments in Delhi NCR real estate market offer huge profitable rewards due to many reasons. Owing to the constant rise in real estate prices, there has never been a shortage of investors availing profitable opportunities by investing in properties.Today there has been a rising demand for luxury residences and villas. Moreover, there square measure noted builders and construction firms that build lovely and splendid residences within the heart of the town. Most of those residences square measure inclusive of all the amenities as well as gymnasium, searching complexes, theatres, swimming pools and fitness centers. Several of that luxury residences square measure in shut proximity to airports and industrial centers those additional hikes the costs of those residences.

Apart from villas and apartments, residential property in Delhi also includes penthouses which are considered to be profitable investments. The real estate business also includes rented and leased properties. The rents of both residential and commercial property are constantly on the rise every year.

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Real Estate Boom in Delhi NCR

There is an unprecedented real estate boom in parts of India. These are the National Capital

Region certain parts of Delhi, Noida, Gurgaon, Faridabad. It is to a great extent, driven by the huge growth of the IT and BPO industry. As the IT industry grew, employees got onsite (literally - at the client site, as opposed to offshore) opportunities. Onsite typically meant being paid in US dollars and thus many employees earned a lot of money.

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The demand for plots of land went up with the boom in industries. But with the cost of a 30X40 ft plot plus home going for the equivalent of 5 million rupees in a good residential area, apartments soon came into favors.

The buyers earned a lifestyle equivalent to the lifestyles abroad, and they had the capacity to pay. This reduced the "matchbox" apartments on offering and has spawned a host of self sufficient complexes. Soft interest rates on home loans, a tax incentive on home loans and the general growth mode of the economy are other factors driving the real estate boom.

New apartment’s complexes have recreation facilities, basement parking, security, power back up, good lawns and even swimming pools, all of which are very difficult to get when one goes in for an individual plot.

When every builder began to offer these, the bigger ones began to offer multiplexes, shopping complexes and schools. Not content with differentiation, it is now snob value - Complexes modeled on resorts, European looks, vast open areas, pools lined with Italian marble are the latest fad these days. While this is a good thing, in the recent past, real estate in Bangalore has reached crazy levels of prices.

Even now, a significant percentage of the buyers are genuine buyers who intend to stay in the apartment they book. But when there is a genuine demand, speculators can’t keep off.

At the recent launch of a highly advertised complex in Delhi NCR, about 2000 apartments were sold in 2 days flat and there was a congregation of about 6000 people waiting to book apartments. Among those who booked apartments, many just got to choose the floor and pay the booking amount. No real apartment has yet been allotted to them. 

Considering the pathetic infrastructure in Delhi NCR, it is surprising why the rates are so high. Just outside these posh apartment complexes and layouts, roads are broken, small and there is no sign of any public transport at all.

Is it a bubble or the beginning of one? Is the bubble on its way to burst or if it will continue to grow for a while is something that will be decided by the growth of the economy.

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How to Get Lower Rates for Your Home Loan

The market is fluctuating, interest rates are coming down, but the EMIs you have been paying for the home loan you took out five years ago is still the same? Do you feel the pinch when you see your hard-earned money going down the drain? Is it time to think about refinancing your home loan at a lower rate? I say it is! So how do you go about getting your bank to agree to lower your interest rates? Take a look.

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Do not default on your monthly EMIs on your existing loan(s)

Now this may seem like a reiteration of the same advice given by hundreds of other banking and mortgage sites, but that does not take away from this basic truth.

The crux of the matter is that banks do not like defaulters. Even one defaulting of your monthly payment will bring down your scores and you need good scores before you go knocking at your bank’s door for a refinancing of your existing loan.

Rule of thumb - Make sure that not just your home loan repayment history, but your credit history is impeccable too. Do not go overboard with a shopping spree and then forget to repay your credit loans on time.

Approach the bank when the market rates are lower than your EMIs

Suppose you are paying a fixed interest rate of 9.5% for your home loan for the next 3 years and the market rates have gone up to 10.2%. Then it is not the right time to approach your bank. You should be approaching your bank at a time when the interest rates are actually lower than what you are currently paying. In fact, the best time to approach your bank would be during property expos or loan meals. Interest rates and terms tend to be flexible around that time.

If you are paying a floating rate then the EMIs you pay will more or less be the same as the current market rates.

Have your financials ready and up-to-date

What do I mean by this? Your paper work for applying for a refinance should be up-to-date. Your will need to have your account details including those with other banks and details of other loans with you. Your tax receipts should also be ready and paid on time. Refinancing a loan requires almost the same kind of paper work like the first-time round you took out the home loan.

Ask, ask and ask, and you shall receive

Sometimes your bank will turn you down when you ask for a lower interest loan. In that case do not be disheartened, but keep pestering the bank executive every quarter.

Modern banking practices are a lot more flexible than they were a few years ago. Bargaining is an art not confined to the shopping districts anymore, but works in the corridor of banking finances too. And your bank executive is not always going to call you and let you know when there is a change in the bank’s policies regarding loan rates. It is up to you to be proactive and save yourself some money by being up-to-date.

Play the “I will switch banks” card

Yes, it is! But hey, it is your hard-earned money. You do not have to give away money for free to your bank when there are better options out there. Most banks do not like to lose customers. So they will be ready to make the switch. There might be a small fee involved in switching over from a higher to a lower rate.

Hone your people skill - If you are really charming and verbose, then you may even get away with not paying the processing fee. So hone up on your people skills.

Approach private bank(s) at first

Another devious, or smart plan, is to approach a reputable private bank for your home loan. Their initial disbursement is faster than your average public sector bank, but their rates might be high. However, you do not have to run from pillar to post to get the loan sanctioned, because private banks are usually competitive and efficient about sending their personnel to you and getting the paperwork done at your place. Stay with the private bank for 6-12 months, and then switch to a public sector bank that offers a lower interest rate

So, gear up your loin clothes (metaphorically) and get ready to speak to your bank executive if you feel it is time to refinance your existing home loan to a lower interest rate one. May be that extra money you save could go into your long term savings and towards buying a vacation home?

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Real Estate Tips for New Realtors

Real estate agents went from making large salaries to barely staying afloat in recent years. The recession reduced the number of people buying and selling homes, which limited the amount of work available for realtors. As the economy began looking up, those agents discovered their business picking up again too. New agents entering the field must compete with existing and established agents, and those looking to expand their business should rely on a few basic tips.

Cosmic India

Working as a real estate today is nearly impossible without a real estate website. Buyers can’t always attend open houses or schedule tours during the day, and people working second or third shift need to know what the inside and outside of a house looks like without paying a visit to that house. Websites help those home buyers find out more about different houses available in their areas and the agents responsible for managing those listings. New realtors shouldn't rely solely on websites though.

New realtors often assume that they work more closely with buyers than sellers, but experienced realtors know that they need to work closely with both buyers and sellers. Real estate agents are essentially mediators. They need to give the buyers exactly what they want, but they also need to make sellers satisfied as well.

It is absolutely imperative that any real estate agent work around the schedules of his or her clients. As more and more people work from home or work more than one job, it’s no longer possible to succeed when working a typical 9-to-5 schedule. Clients now need to schedule viewings later in the day to accommodate their work schedules, and other clients want to meet with agents and arrange walk-through earlier in the day.

Those who want to find new properties need to establish roots away from one specific neighborhood or city. Take for example an agent working out of Denver, Colorado. When the housing market in that city dropped, many agents found themselves struggling to survive and find work simply because there weren't enough homes for sale. The agents who succeeded during the housing market crisis were those who found work in other areas.

Real estate is just like any other business, but far too many new agents think of their work as a part-time job. They think that they can work a few hours every day, meet with one client every other day and still make enough income to survive. The best agents treat their work as a business. They advertise regularly, keep office hours and find ways to interact with others living in their community.

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How to buy your first sweet home

You may envy your neighbor’s real estate property and may have a hidden desire to purchase a similar home, but there may not be a way to get there. You may not have sufficient money for buy your dream home! It is a known fact that if your savings increase, then you will be able to purchase your desired real estate property at some point. On the flip side, if you fail to save sufficient money, the chances decrease.

Your negotiation skills also play a major role in determining how well you’ll be able to repay the loan. A good amount of savings can also mean you don’t need to purchase mortgage insurance. So what are the ways of using savings to your advantage? Paying rent and making an attempt to save simultaneously may turn out to be a difficult task!

Those living with their relatives or parents, may find it easier to save when compared to individuals who have to pay real estate property rent on their own but, this doesn’t mean that individuals, who pay their own rent cannot save. They could move to a real estate property where the rent charged is more reasonable and while it’s true that initially they may have to make some this adjustment will not be wasted! Remember, the saying “A little progress every day adds up to big results”! Just think, they can purchase their dream real estate property with the help of the money they have saved in all these years.

Irrespective of accommodation and income costs, budget planning is an ideal option if one aims to save a good deposit. This approach should be the initial step towards monetary prosperity. Interestingly, this also paves your way to purchase your first home.

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Commercial Real Estate Property Investment Best Way to Earn Good Return

Commercial real estate property investment Cosmic India is one of the leading Real Estate companies in Delhi NCR, India. Our team of strong knowledge of real estate provides maximum benefits of the buyer or investors. We are property consultant firm and help you over 24/7. We have many big companies associate with us with their mighty projects and we always work hard to provide the best service to our client.

Cosmic India

We believe in enhancing lifestyle and the people by innovating focus technology and techniques by delivering beautiful residential and commercial real estate property in India. Our experienced team of real estate professionally specializes in identifying the needs of the clients precisely and offering the most profitable solutions. We believe in long trustworthy and crystal clear relationship.

We are also a consultant firm with all the expertise in real estate. We provide you the best solution of your problem. Any kind of problem related to real estate, we give the right solution. Our client relationship is founded as natural respect and trust. We can explore your requirement and suggest the clear-cut area for you as per your budget.

Satisfaction is the key of success in the corporate industry and our main motto is to satisfy our clients and we all work together to provide the satisfaction to them.

Real estate is becoming booming sectors in India and we wish to be the part of this revolution. We strive to ensure more and more people enjoy the ownership of their dream houses / apartments/commercial.

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Tips for NRIs to Invest In Indian Real Estate Market

Although today's Indian economy is tough, for NRIs, real estate sector proves to be a good investment option in real estate industry in India. There are many reasons why NRIs are keen on investing real estate industry in India although there are a lot of issues like lack of security and care taking, and misuse of power of attorney. In this article, www.cosmicindia.in highlights a few reasons as to why be there increasing investment by NRIs in the real estate properties in India.

Cosmic India

Real estate investment in India is a great investment in terms of cash value of the land or home that rises over time. The real estate property also becomes a regular source of income as residential properties are given to families on rent and commercial properties have high paying professional tenants.

The real estate market in India upholds a magnificent investment prospect for Indians living in a foreign country. It opens up an option of an additional investment that is not available abroad and is not so rich in returns.

NRIs are at and to your advantage position as most of times they earn in a foreign currency that has a high value as compared to Indian rupee. Investment in India is done in rupees and a drop in currency value makes it easier and cheaper.

For whatever reason you are investing in India, good returns or having a residence after retirement, be sure to have the entire knowledge concerning the legal formalities.

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Possible effects of election on Indian stock markets

As the majority wins in the general elections all the major realty top shots, stakeholders and investors are holding high hopes. They are expecting to see major changes in the real estate industry in India is the coming few months. Most of them even have started planning on the launches of new development and housing projects around the major metro cities all over India with the hopes of increasing demand among buyers. Until now, due to the unstable realty industry, most of buyers were reluctant in investing in their dream house, but no more.

Cosmic India

If the last periods are discussed, we have seen high escalation in the prices of property throughout India. Even though the demand was decreasing due to the high cost of the property assets, the costs maintained on the top level. The developers and property experts are blaming lack of stable economy as well as political conditions in India for the same. Moreover, with the regular property scandals and corruption swindles coming up, buyers were uncertain about almost every other development project in the realty industry.

The high rate of interest on property loan as well as grants given to developers, also contributed in increasing the cost of the property. Common people, who are the major buyers of property in India were trying to control the flow of the money with the regular inflation and weakening economy in the country hence contributing to the decreasing demands.

A stable government with several new attempts of economic regulations might contribute in bringing up the realty industry from the depths. They might even contribute in reducing the time taken for the project approval, which often increases the cost of the project hence the property. Also, there are speculations about the low interest on property grants as well as the loans for housing deals. All this with a couple of standard economic regulatory steps can work out for your dream house plan.

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How to Win In Commercial Real Estate Investing

When you are searching for a long term investment in real estate sector in India, then commercial real estate in India is surely a big answer today. Commercial real estate in India has lots of return that come in the form of extra cash flow, increasing levels of affordability, a great choice of locations from which to select and bigger payoffs, at the end of the day. However, as experts believe that such deals are not made but created with a little effort and research.

Cosmic India

We are presenting some of the significant points that an investor can look forward to while ensuring a better commercial real estate in India proposition that is both profitable as well as easy to complete. 

As an investor in commercial real estate in India, you have to plan and work consequently. Think a little ahead in time as it will give you an main foresight that is sometimes needed to realize the big differentiation on commercial real estate in India propositions.

You must create a list of your primary requirements such as the location of the real estate property that you are looking at and of course the budget that you are going to be easy with.

It is very essential to identify with that those who have a clear vision of their goals have a better chance of succeeding than those who work with their hunch. You must also decide on the final objective of your commercial property in India purchase. This could be anything ranging from the amount of money that you are looking to make at the end of every month to a particular number of properties you want to purchase or sell off.

As the saying goes, there are no short cuts to success and the path to success often comes through hard work and determination. Hence, it is advisable that before you embark on your journey as a commercial realty investor, you need to do a complete study of the market where you want to invest, cull out the positives and negatives of the market and this will give you enough market intelligence that can guide you towards reaching your goal. 

As you decide to invest in a commercial real estate segment, it is very important to clearly understand the ins and outs of your deal. And there are certain points to consider while evaluating this well in advance and before you make that final call.

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