House Guru

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From this source:

South Mumbai, also known as Town, is considered the most posh area of Mumbai. It has all the places of historical importance, wide and smooth roads, the most luxurious hotels, swinging bars, restaurants as well as some of the most popular and happening places. South Mumbai includes areas like Churchgate, Colaba, Marine Drive, Cuff Parade, Malabar Hill, Worli, Nariman Point, Breach Candy, Walkeshwar, Nepeansea Road and Prabhadevi.

Go to the website and dream. If you can survive the economic downturn in one piece, this is a place to consider. If not, dream and hope.

photo credit
At the website where I found this photo this saree (or do you spell it sari?) is advertised as the World's Most Expensive Saree. I don't know if this claim is true. There is no explanation at the website. So it's anyone's guess whether to take the claim seriously.

In any case, it is a very attractive saree worn by a very attractive woman.

From this source:

NEW YORK, June 16 /PRNewswire-FirstCall/ -- Medis Technologies Ltd. (Nasdaq: MDTL) creator of the world's first consumer portable fuel cell, announced today that it has received the June 2009 Editor's Choice Award from Computer Times for best portable charger. Editor's Choice Awards are only awarded to the best products in 29 categories that deliver the best value for the consumer.

Angie Kibiloski in her review for Computer Times points out that the Medis 24/7 Xtreme Portable Charger is compatible with a large variety of devices from a basic flip phone up to a Blackberry or iPhone. She liked that it is eco-friendly, non-toxic, recyclable and noted it is "as green as they come."

Hmmmm, interesting. Maybe it's worth a look. I hear they can be bought at the newegg.com website.

West Bengal, and in particular, Kolkata, is emerging as one of the most promising property investment destinations. It has been looked upon as a strategic location for global growth and the state government is working on its plans to redevelop the city and restore its allure. Property market in Kolkata is fast flourishing on the back of new real estate projects introduced by prominent builders.

A part of the credit for Kolkata's growth also goes to growing IT companies. The city has survived several odds and trying to gain back its image in a new way. Improvements in the city are clearly visible though not very rapid. Industries in Kolkata are re-emerging with a boom, while the IT industry and brands are competing to get commercial space in peripheral locations of Kolkata.

As far as residential property sector in Kolkata is concerned, the apartments in prime locations have already been booked. And the residential projects in other locations are getting fair responses.

Close on the heels of Kolkata realty is Darjeeling property market which is likely to make rapid strides especially in retailing in near future. The famous Pantaloon Retail (India) Limited, a part of the Future Group, has announced to open the country's largest hypermarket store - Big Bazaar in Darjeeling. The project will mark the entry of booming retail sector in North East India.

Then, there is Durgapur, the well planned industrial metropolis of West Bengal. The city is primarily known for its steel plant and other heavy industries and is also expecting great rush of real estate activity with several builders coming up with their projects there. Panormic Universal Limited, a mid segment global hotelier, is to establish its presence with the development of an exclusive hotel in Durgapur.

Another project is to start by India's biggest real estate company, DLF. It is coming up with a residential Township at Durgapur City. The project will spread over an area of 95 acres.

About the Author

Bikash kumar is the contributing author to the http://www.indianrealtynews.com for distinct articles and news. Indian Realty news provides news on commercial and residential properties of various cities like Delhi, Gurgaon, Mumbai, Chandigarh and Bangalore etc in India along with news on latest property investment, finance and property loan and laws in India.

Author: Bikash Kumar

The meltdown in the real estate sector in recent times has sent out warning signals in the buyer's psyche. The prospective buyers are buoyed up by the drop in the prices of residential real estate in India. In fact, the initial euphoria over the dipping prices has let to a gloomy silence in ways that everybody is holding up and waiting to reap the property at their deepest level of the price trough. If you too are in the same league of the wait-and-watch persons it's the high time you gave a second thought.

Major developers operating in the domain of residential real estate India like DLF, Emaar, Jay Pee, Ansal, and Omax have already sliced down the price in the tune of 40%. And driven by the downsizing in the repo and reverse repo rate of the RBI major banks too have cut down their interest rate on home loans. S.B.I, one of the major national bank, is offering home loans at 8 % which is much lower that the rate that was prevailing not a year ago in the range of 12%. Thus, you as a buyer of residential real estate India stand to gain on two fronts.

Further clarifying, you bought a flat at INR 40 lakhs and took a loan of INR 30 lakhs at 12.5% for duration of 20 Years. So you had to churn out a monthly installment in the range of INR 35k to 40K. The same flat can now be purchased at INR 28 lakhs (considering 30% drop) and let's say you take a loan of INR 18 lakhs at 8 % for a period of 20 years. So you now have to sell out a monthly amortization amount in the range of INR 18K to INR 20 K. Now you do not have to be a math's, statistics or financial wizard to gauze the favorable situation. This is what the combined effect of de-escalated priced and loans at dwindled rates can produce.

About the Author:

Ankita Tyagi is expert content writer on property and estate in India. For more details on residential property in delhi and industrial property in india visit:- NextGenProperty.co.in

Author: Ankita Tyagi

TIPS TO BUYERS Keeping in Mind the nature of complexity of issues involved with an immovable property. A certain protocol should always be followed before you actually buy it to determine every aspect and utilities of the same. A large number of issues are certain things which should never be ignored are mentioned below:

Determination of type of property: The Municipal Corporation divides every district in zonal category which is: residential, commercial, industrial, agricultural etc. There are certain restrictions or benefits of each type of property. Each district has

a) Residential: Plot or house or apartments falling under this cadre are demarcated areas which are permitted only for residential usages. You will never find a shop or a restaurant or factory in residential areas this is exceptional cases where this kind of activity is allowed with special permissions. Plots in residential areas have different FSI i.e. Floor Space Index compared to commercial plots. This often leads to difference of costs of residential lands and commercial lands even if they are geographically adjacent. b) Commercial: Plots or houses or constructed structures falling under this category have special permission by Municipal authorities for carrying out commercial activities in those premises. Which are further divided into different categories. Service and trading and different categories of uses. While sometimes this is predefined by authorities in some cases we can also request authorities for change of category as per bylaws of sanctioning authorities. Plots falling under this category can be exploited for a higher FSI by builders or developers as mentioned by Local authorities. c) Industrial: Lands, Plots or structures under this category are always found on the outskirts of the city while many cases there are areas which are clubbed and declared industrial zone even inside city premises, depending upon environmental pollution or noise levels consideration fixed by authorities. While each industrial plot or structure has special permission for certain activities, this should always be checked out by local authorities before further consideration. d) Agricultural: Agricultural lands spread across the countryside or outskirts or sub urban areas are of two types. Convertible and non convertible. While convertible lands can always be used for different purposes by taking permission of Land authorities. Sometimes zones are demarcated and termed as non convertible which are defined to be used only for agricultural purpose. e) Government Lands: This category of land can be found almost anywhere in prime locations in cities or sub urban areas. Local Bodies always acquire or reserve some lands, plots structures for further planning or development or issue to various other govt organizations for official usage or for social activities. Lands which are acquired by govt under land ceiling act now prevalent only in Maharashtra and west Bengal needs special permission from land ceiling authorities for transfer of rights or usage. Most of these huge masses of lands are converted by government by declaring Special Economic Zone (SEZ) or convert into residential zones at their discretion and planning. Government also converts these lands into leasehold lands, plots and structures which have rights of usage by common people. This type of lands can be transferred on lease of 33 years or 99 years etc and are called lease hold lands.

2) Title of the property: The term Title is the heading or the description of ownership of the property. We do find a number of times, a property is divided among brothers or partners or joint ventures of companies, even Government bodies. Special care has to be taken to ascertain all the persons or firm involved with the rights of ownership. Second step is assuring that even if this case occurs, then all the involved persons or firms or institutions are having a common conclusion and each one has his consent for sale of the same.

3) Type of ownership: Ownership is also of several kinds, leaseholder, freeholder Sub lease holder etc discussed above. This depends on the type of property which we have discussed above. Ownership type should be determined after you have cleared the concept regarding Title of the property.

4) Procession and Third Party interest: While determination of the property as freehold, leasehold and Title has been verified further the next step is to determine is type of procession with the property. Whether or not a third party has a procession with the property in or without the consent of the owner should be looked at. For e.g. a property may be clear titled and freehold but the owner has mortgaged the same or given any type of promissory note to anyone in which procession rights are held by another person temporarily might cause problems to you in future. While mortgage by banks and government agencies can be found out by Encumbrance certificates also known as Search report, which are issued by land record offices and sub registrars. Any local or unregistered mortgage cannot be found out by such reports. For this before buying or executing sale deed of any property a notice should be broadcasted in the local newspaper or national newspaper regarding your agreement with the owner and any claim for ownership or right with the property to be settled within a specified time limit say 15 days with the present owner and should be brought to your notice. If any claim after this kind of notices issued is brought to the attention of Land authorities or courts, you are legally on the safe side. Also, the stamp duty and registration fees payable to government and sub registrar should be taken into account and included in your budget before executing the sale deed.

5) Execution of sale deed and other formalities: Execution of sale deed and other formalities are normally carried out in two steps, first is Sale agreement or agreement to sale with the owner wit an initial token amount or percentage of the total fixed amount. And mention of the exact area and schedule of the property and under the right of ownership of the seller or available with land record departments. One should always ensure that a proper record is taken on the agreement about the payment made and the mode in which a payment is done and the terms and conditions to be fulfilled by the seller e.g. payment of all dues and taxes to authorities till the Date of execution of sale deed. During this period buyer should carry out all necessary inquires and confirm the required documents and procedures mentioned above to carry the registration of Sale deed or transfer deed. The registry of sale deed is executed at the sub registrar office where both parties are present personally or represented by authorized signatories or holder of power attorneys carry out the transfer process in presence of appointed lawyers by both the parties.

6) Post sale deed formalities: Buyer should always make sure that the registration of his sale deed is notified to various other land record offices and other concerned authorities like, municipal authorities for transfer of taxation and change of name in property card maintained by land record offices. Problems occur if this is not updated as there might be fear of nuisance use of documents where the name of previous owners is mentioned and not changed even after transfer of title.

Special cases of Builder & Developers: If the premises you are purchasing is newly constructed by any building or developing firm then kindly ensure that the building plan is sanctioned and executed as per the plan and has proper permission including yours is a legal premise and the builder has the proper right to execute the sale deed. Also, ensure before booking any kind of flats, bungalows, duplex etc in Townships that the total amount quoted by the builder for any premises always excludes the stamp duty, water meter, electricity meter and other amenities charges. Along with maintenance charges of the premise are also separate in most of the cases. Further all such amounts should be kept in mind and accommodated in your budget before you plan to book any premises before construction.

If you are planning to take a loan to purchase a flat or house, ensure you have a sanction letter in hand from the bank authorities mentioning the exact amount and mode of disbursement of loan amount to the builder from time to time during various construction stages. Also, remember that the interest charges levied on you are started to be calculated after first disbursement of amount to the builder.

Also, know beforehand as to how much time would be required for the construction and handing over of possession of the premise to you by the builder. Since, this is case specific and in some cases might take more than a year to handing over of possession. And in case you are on a loan it increases the cost incurred by you considerably.

During handing over of possession kindly check all the utilities and status of the premise built is according to the promises made by the builder in the initial brochure.

Also check the local authorities before booking of premises whether the ownership of land or construction rights are reserved with the builder or not. If not or partially then what shall be the future implication and possibilities.

Check the area handed over to you along with the schedule of property mentioned in the agreement; both should match or should be justified.

www.indianpropertygateway.com
About the Author

We are a team of organised professionals and consultants in Real Estate Business from the last 30 years. We are based in Central India and distinctively making a niche in every aspect of the real estate market. We are serving clients to find the best property available as per their criteria, also to get the best buyer for their property. Buyers, Sellers, Brokers, Developers, Tenants and Landlords can search and exchange information, even chat liv

Author: Indian Real Estate - Pro

According to this source:

Bangalore/New Delhi: Two years after US realty czar Donald Trump Jr visited India and announced Trump Organization USA Llc.’s entry into the Indian property market, the company’s projects in Bangalore and Mumbai still remain on paper.
While the Bangalore project, according to one of Trump Organization’s partners, has been delayed because of the economic slowdown and the resulting cash crunch, a developer associated with the Mumbai project admits that he walked out of it because he saw no value in it. Trump Organization didn’t respond to queries mailed to it on Friday.

Trump is a very controversial figure. He has been right more often than he has been wrong. But he has been wrong sometimes. In this case, time will tell.

According to this source:

New Delhi: DLF Ltd, India’s largest listed real estate firm, sees signs of recovery in the country’s beaten down residential property sector and expects prices to start firming up, a senior official said on Monday.

Still, Rajeev Talwar, group executive director at the developer, said projects needed to be priced aggressively in order to sell.

Things are still shaky in the real estate market. The commercial real estate market is unsettled. So proceed with caution.

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Software to find Best Muhurat for an event (Marriage, House, Education, Interview,..). Based on the book (http://www.kpastrologer.com/kpmuratbook.html) by Sri. Kanak Bosmia and uses KP Astrology principles. Details: AstroOpenSource@gmail.com

The software is open source, meaning that it is free.