One true important role is that of liaison between the landlord and/or the management firm operating on the landlord's behalf and tenant. Duties of property management include accepting rent, responding to and addressing maintenance issues, advertising vacancies for landlords, and doing credit and background checks on tenants. In exchange for the service they provide, property management companies charge landlords a percentage of the gross rent collected each month.
Property managers may manage construction, development, repair and maintenance on a property. Property manager relations with tenants gives a face to the landlord and provides a buffer for those landlords desiring to distance themselves from their tenant constituency.
There are many facets to this profession, including participating in or initiating litigation with tenants, contractors and insurance agencies. Litigation is at times considered a separate function, set aside for trained attorneys. Although a person will be responsible for this in his/her job description, there may be an attorney working under a property manager. Special attention is given to landlord/tenant law and most commonly evictions, non-payment, harassment, reduction of pre-arranged services, and public nuisance are legal subjects that gain the most amount of attention from property managers. Therefore, it is a necessity that a property manager be current with applicable municipal, county and state laws and practices.

 

Despite the current economic downturn, India’s real estate is said to be worth about $16 billion and is estimated to post annual growth rate of 30 per cent to reach $60 billion by 2010 according to research outfit ‘Çityscape Intelligence’. As a consequence a large contingent of regional real estate investors and developers are poised to descend on Cityscape India to further their long term ambitions in the sub-continent.

 

Graham Wood, Exhibition Director for Cityscape India said, “The internal demand for commercial and residential real estate in India is undeniable. The investment climate may be difficult but developers will benefit from lower land prices, lower material and labour costs. Providing that the finance is in place, many developments may be approaching completion after the downturn has bottomed-out.”

 

Dubai-based Limitless is confident about the long term prospects of India’s real estate sector. “India is currently facing a shortage of some 21 million homes, and more than 300 million people are expected to migrate to urban areas over the next 20 years. At Cityscape India, we will showcase 11 global projects including Bidadi — our proposed 4,000 hectare mixed-use development near Bangalore — which will house around 750,000 people,” said Saeed Ahmed Saeed, CEO of Limitless.

 

In addition Mohamed Binbrek, Group Chief Executive Officer of Dubai Properties recently confirmed that the company hopes to expand its development projects into India.

Most public sector banks have cut their benchmark prime lending rates (PLR) by upto 75 bps. One fraternity cheering the prime lending rate (PLR) rate cut is the real estate developers, but the question is will this be enough to bail out the bleeding sector? Real estate developers are upbeat about the prime lending rate (PLR) rate cut though they feel the sector is in need of more such continuous measures to get back on their feet.

 

Real estate developers are upbeat about the prime lending rate (PLR) rate cut though they feel the sector is in need of continuous measures such as this to get back on their feet. The current lending rates are in the range of 15 to 16%, it was about 11% last year. There have been news of several projects being delayed in recent times and this PLR cut will ease that considerably because banks typically fund construction cost which has risen to the tune of 20% from last year.

 

Unitech said, “It is an excellent move which should move housing demand as mortgage rates are coming down. Also, risk weightage for real estate by banks should be brought at par with manufacturing.” Pradeep Jain, MD, Parsvnath Developers said “We expect a much higher than 0.75% to be reduced in the rate of interest lending to companies, and at the same time we are expecting a reduction in the home mortgage rate of interest also.”

 

Ashish Puravankara, Director, Puravankara Projects said “I think a lot more needs to be done, the sooner the better. Till now we have not really seen any rates going down. So, for it to really affect the end consumer or retail borrower, a further reduction in rates needs to be done.” So developers are still waiting for a direct home loan rate cut that they believe will revive sales. This year leading companies have seen a sales dip of 40%. Certain developers have even stated off the record that they have not had a single-sale transaction in six-months.

                                                                   Courtesy: November 7, 2008 Indian realty news

 

India’s realty industry is facing its worst crisis in recent years with profits of most listed companies taking a hit after riding on the boom of the last few years, a boom fired by an appetite for new investment avenues for the rich and middle classes alike.Such has been the impact of the downturn that the realty index of the Bombay Stock Exchange (BSE), an indicator of investor mood for the industry, has fallen more than 25 percent in the past month and over 75 percent in the past year.

 

“It’s just an initial indicator of a long-term crisis,” said Santosh Kumar, the chief operating officer and director of noted global realty consultants, Jones Lang Lasalle Meghraj. “Developers went overboard on land acquisition without paying attention to the delivery of projects. Now their money is blocked in lands,” Kumar told IANS. The trouble faced by the realty developers was also reflected in their second-quarter results reported last week, where company after company had to contend with a drop in profits.

 

Realty major DLF, which had long ago raised Rs.100 billion over ($2 billion) in what was then the largest-ever initial public offering in India, logged a four percent drop in consolidated net profits for the July-September quarter. So was the case with Unitech, which logged a 12 percent decline in net profit, while for Parsvnath Developers, it was the second straight quarter of decline, with a dip of 78.6 percent in the July-September period.

 

Another Delhi-based realty firm, Omaxe, which is also facing turbulent times for the second straight quarter, reported an 87.3-percent decline. “Real estate continues to face tight monetary conditions that has had an impact on the sector. If restrictive conditions continue, we expect the industry outlook to weaken further,” DLF said in a statement.

 

“Reduction in construction costs with softening of raw material prices will help us maintain our product margins in challenging times,” said Rajiv Singh, vice chairman of the company. “Earlier, these companies were in the denial mode. Now, they have started to acknowledge it,” said Anil Chawla of D.E. Shaw and Co, leading private equity investors in the real estate sector.

 

“I feel the real loss figures will come up in the next quarters.” According to Sanjay Chandra, managing director of Unitech, the company had been “slightly affected” by high interest rates. “Borrowing costs are currently about 15.5 to 16.5 percent, compared with 12.1 percent for the year ended March 31, 2008.” Agreeing with his assessment, Kumar said: “With tight liquidity, poor stock market sentiments and drying private equity, they are finding it difficult to cope up. Projects are also getting delayed because of funds.” Experts did not foresee any upturn in the immediate future, though the government and the central bank have been taking steps to infuse additional liquidity into the system, especially for sectors like housing. “The realty sector needs a reality check for itself. I feel that the realty sector will go for price cut up to 30-40 percent. Prices must match market demand and developers cannot just blindly quote prices,” said Chawla.

 

“This situation seems likely to persist for another 8-10 months at least. Most of the projects are getting delayed and buyers are not showing interest,” said Sanjay Verma of Cushman and Wakefield. “Even in peak season like Diwali, the response was very lukewarm,” said Verma, who is managing director for South Asia with the international real estate solutions firm.

                                                                   Courtesy: November 7, 2008 Indian realty news

Benefit to every builders and small types developers and other Middle class people to benefit to this this opportunity. All type residential and commercial flats and house in Chandigarh. And all types small and big project are available in Chandigarh.

The rental rates of commercial property have soared in Chandigarh, thus forcing the small developers and builders are to shift to other sectors. The number of vacant sites in sector 8 and 9 has increased. “The benchmark for rentals has increased manifold over the years. Rentals have increased by almost 100 percent in the past one year. Five years ago, the rent for a showroom in Sector 8 on the Madhya Marg was around Rs 3 lakh. Today, it has shot up to more than Rs 16 lakh. The upcoming auction will further boost the rentals considerably,” said Mangat Rai Baboota, a real estate consultant.

 

The rent of an 8000-square feet showroom, if divided floor wise, comes out to be Rs 12 lakh for the ground floor, between Rs 3 lakh and Rs 4 lakh for basement and first floor. According to the existing trend, multinational companies take the complete showroom on rent rather than independent floors. The same rentals exist in Sector-17 main market. According to sources, recently a showroom rented out by a popular sweet shop in Sector 17 to a clothing chain is fetching Rs 16 lakh a month. “At present, the availability of vacant commercial spaces in these sectors is 15 per cent, which otherwise could have been an excellent source of income to the landlord and tenant,” says R P Malhotra, general secretary, Property Owner Welfare Association, Chandigarh. The rent in other sectors like 7, 26 and 35 is almost half the rates at Sectors 8, 9 and 17. This is forcing small and medium enterprises to relocate to cheaper areas or inner markets of these sectors.

Any further information to visit this portal www.zameen-zaidad.com.

 

 
As per law, there are rules and regulation one needs to follow in case one plans to give some one a property as a gift.
 
A gift is a transfer of property without any element of consideration. The complete absence of monetary consideration is an important prerequisite. Where there is any equivalent of benefits, measured in terms of money, the transaction ceases to be a gift.
  
A gift refers to the transfer of certain existing moveable or immovable property by one person to another. The transfer should be made voluntarily and without consideration. The person transferring the property is called donor and the person to whom the property is transferred is donee. The donee must accept the property during the lifetime of the donor and while he is still capable of giving it. In case the donee dies before acceptance, the gift is void. The gift can be affected through a gift deed.
  
Any person who is competent to contract can make a gift of his property. A minor, being incompetent to contract, is incompetent to make a gift. However, a minor can accept gifts. A natural guardian can accept a gift on behalf of the minor, containing a condition that the person nominated in the gift deed should act as a manager of the gift. Such acceptance would amount to recognition by the natural guardian for the purpose of the gifted property. Only an existing and tangible property is capable of being gifted.
  
Gift involves the process of giving and taking. There must be acceptance of gift as well. There is no particular mode of acceptance. The acceptance may be expressed or implied. Fact of acceptance can be established by different circumstances such as donee taking a property or being in possession of the deed of gift alone. If a document of gift, after its execution or registration in favour of donee is handed over to him by the donor, it amounts to a valid acceptance of gift. A minor may be a donee. But if the gift is onerous, the obligation cannot be enforced against him while he is a minor. But when he becomes an adult, he must either accept the burden or return the gift. A gift may be accepted by or on behalf of the donee. The donee may be a person unable to express acceptance. A gift can be made to a child and can be accepted on its behalf. The donee must be an ascertainable person.
  
Soundness of mind and age are important qualifications required for making a gift. A gift to be valid must be made by a person with his free consent. The donor must not be insane. However, a mere weakness of the intellect would not be sufficient to invalidate a gift if the donor could apprehend the transaction. The transfer of property must be voluntary and made gratuitously. It must satisfactorily appear that the donor knew what he was doing and understood the contents of the instrument and its effect.
  
Even when a gift is made by a registered instrument, it has to be accepted by or on behalf of the donee to make it complete, failing which the gift will be bad. The law requires acceptance of the gift after its execution, though the deed may not be registered. The acceptance may be signified by an overt act such as taking actual possession of the property, or such acts by the donee as would in law amount to taking possession of the property where the property is not capable of physical possession. However, it is not necessary that in every case there should be a physical delivery of possession. Possession, the delivery of which would complete a gift, may be either actual or Constructive. The donor should divest himself completely of all ownership and dominion over the gift.
  
A gift of immovable property can only be made by a registered instrument. A gift of immovable property, which is not registered, is bad in law and cannot pass any title to the donee. Documents should be stamped with the appropriate non-judicial stamp, be registered as required and attested by two witnesses. Mere delivery of possession without a written instrument cannot confer any title. A deed cannot be dispensed with even for a property of small value.
 
                                                              Courtesy:- ET dtd:- 14^th Nov. 2008

Time and again, consumer organizations have warned against purchasing an under-construction property. This advice is all the more pertinent today because delayed housing projects are an unfortunate reality.
  
Vinod Sampat, president of Cooperative Societies' Residents, Users and Welfare Association, says, "In such a situation, the consumer is literally helpless, especially if he has paid a certain portion in cash. But for the white component at least, he can file for deficiency in service on the builder's part in a consumer court.''
  
For now, a consumer court is the only redressal recourse in real estate disputes of delayed possession, quality of construction, and such others. That's because, despite several representations from consumer groups, the critical sector continues to languish without a single-point regulator. (Things are a lot different in the developed world. Builders in the UK, for instance, even offer a 10-year warranty and insurance cover on property, says consumer activist Arvind Shenoy.) Since housing is a state subject, each state frames its own policies. As an official in the ministry of urban affairs says, "It is (to be) dealt with by the concerned state governments.'' Bejon Misra of Delhi's Consumer Voice, however, insists there is an urgent need at the Central government level to bring in a strong redressal mechanism for the sector. "This has not happened despite promises from the government.''  
A step in this direction was taken by the Maharashtra government earlier this year with the proposed Maharashtra Housing Sector Regulatory Commission Act 2008, which stipulates formation of a dispute redressal committee. However, it is yet to be passed. Currently, Maharashtra has the Maharashtra Ownership Flats Act, 1963. It mandates a builder to provide 9% interest on total amount paid for the flat in case of delay, says consumer activist Jehangir Gai.
  
Then, Gujarat has its Gujarat Ownership Flats Act, 1973. Not all states, though, have such laws to guide consumers. The National Capital Region (metropolis areas around New Delhi) does not have one, says D L Desai of Builders' Association of India. At an individual level, most property buyers remain reluctant to move consumer courts over a dispute. Like, this Mumbai resident who has been waiting for a year-and-a-half to take possession of his flat—without being offered any compensation. As reported earlier in this column, a delayed housing project is a financial strain in other ways too. The Mumbai consumer, for instance, continues to shell out EMIs (equated monthly installment) on his home loan even as he pays rent on his temporary accommodation.
  
And, as he is not in possession of the flat, he is not entitled to income-tax rebate under Section 24 (ii) of the Income-Tax Act, 1961. Certified financial planner D S u n d a r a r a j a n , though, says that after securing possession, the interest portion on the loan paid before possession gets adjusted over the next five years, subject to a limit of Rs 1.5 lakh. If a property is in a joint name, both holders are entitled to the amount, which works out to Rs 3 lakh. 
                                         Courtesy:- TOI dtd:- 14^th Nov 2008

 

This is very difficult time in Real Estate; I m not going to any debate this topics. Much real estate has high margins,

 

I am suggesting we take a moment to look at the GOOD in today's Real Estate Markets. The whole markets is not bad, there are segments (rentals, luxury, starter, commercial and so on). It is important to look at how you can benefit from certain segments in today in Real Estate. I mean, let's face it, the stock market is too volatile and Real Estate is still the best long-term investment. The Real Estate market is something physical (you can see it, improve it, and maintain it), it is something that helps you gain tax advantages and it is something that will help you increase your standard of living.

 

So allow me to share with you what I see as great if not at least good:

 

• The State of CT and Town of Manchester have put together a No Money Down/Low Interest Rate program for starter/move up homes in town.
• Mortgage rates being issued by the FHA are at the high-time lows.
• Home prices are low, making it a great opportunity to buy. This gives homebuyers more home for their dollar.
• There is a first time homebuyer $7500 tax credit in place by the federal government.
• Bank and corporate owned properties are at an all time high. They do not want to own small properties making many of them a great bargain.
• There is a rehabilitation tax credit issued by the federal government in place.
• Many banks are putting a halt on home foreclosure seizures until the housing finance crisis is resolved.
• Buyers in today's market will experience HUGE appreciation over the next few years if they decide to sell.
• Real Estate is localized and the Northeast is still strong.
• There is a HUGE selection of homes on the market, why not buy when you have the most amount of power for negotiation? Sellers are ready to work with many buyers on creative transactions.

 

Studying the Real Estate market is a practice that separates the SMART from the FLOATERS. Take another look, try to look at it with an open mind and focus on how you can benefit from today's market.
I am here if you have an opportunity you would like to discuss or need to run an idea by someone.

 

I hope you are having a great day and want you to know I am here to help you or a friend with their real estate and mortgage needs.

 

 

 
Global gaming and theme park leader Sega Corp, a subsidiary of the Tokyo Exchange-listed Sega Sammy, is in talks with DLF for a possible India entry. A visiting delegation of the Japanese company met with DLF officials recently.
  
The talks are focused on developing indoor gaming complexes — a rage among all age groups in Western and South East Asian countries. Sega theme parks, Sega World, are popular in the UK (Piccadilly), China (Shanghai) and Australia (Sydney).
  
DLF group executive director Rajeev Talwar has confirmed talks with Sega. "We had talks with Sega last week when some of its senior executives were in India and have understood their business models across different geographies. However, no decision has been taken on what we would do with Sega in India and our business model," Mr Talwar said.
  
Interestingly, it is learnt that Sega Corp had made a foray into India back in 1994 with late Manu Chabria-promoted Shaw Wallace Electronics. However, the company shut down its operations as the gaming business did not take off.  
According to sources, the two companies have shown interest in indoor theme parks — a model which hasn't yet taken off in India. They say DLF is likely to offer its land and Sega will bring its domain expertise on the table. DLF has the largest land bank in the country. FDI up to 100% is allowed through the automatic route in theme parks and amusement parks projects in the country.
  
Recently, Dubai's Emaar Properties and Sega Corp have tied up to develop theme parks in the Middle East, North Africa and South Asia. The parks will promote Sega games while providing entertainment based on its licenses.
  
The Japanese company is active in five business segments through its subsidiaries and associated companies across the world. The game machine segment is engaged in the development, manufacture, sale and maintenance of Japanese slot machines, peripheral devices and designing of game halls. The amusement machine segment develops designs and sells game machines for amusement facilities. The other segments deal with development and sale of gaming software, toys and entertainment content.
  

The holding company Sega Sammy posted net sales of $3.5 billion for the period March-December, 2007. 

                                                                                       Courtesy:- ET dtd:-26^th Nov. 2008

There are many innovative technologies which can help in cutting the construction costs

While building a house what is your topmost concern? It's the budget. All that goes into the making of the house - designing, construction material, labour charges, fixtures and fittings - spells money, often overshooting estimates. Yet, your house should be the one you had dreamed of. Is there an option to strike an ideal balance? "A cheaper house is not just for the poor. One can cut unnecessary expenditure even while building beautiful houses," said the legendary Laurie Baker, who pioneered low-cost housing in Kerala, way back in the forties. Low-cost housing (LCH) is all about cutting down construction cost by using alternatives to conventional methods and inputs. It is about the usage of local and indigenous building materials, local skills, energy saver and environment friendly options.

What goes into the making of a low cost house?

Unlike conventional construction, abundant use of bricks and cement is avoided with rattrap bond for walling. This means that a normal nine inch wall is made with invisible vertical cavities. This saves 20 percent of bricks and mortar. The cavities provide excellent thermal and sound insulation, effecting temperature difference up to two degrees between inside and outside. Putting electricity conduits through cavities saves costs in the long run too.

For the roof tension, concrete is eliminated by putting filler material like bricks, Mangalore tiles, coconut shells or moulds. Using arch foundations, pile foundation or column foundation can bring down costs by 40 %, 25 % and 18 % respectively, over the normal open foundations.

Are LCH homes inferior in quality or in any way disadvantageous?

No. The technology has been validated through rigorous tests and found to be as robust as a conventionally built house is, if not more. The mass appeal for the technology in urban areas is sadly lacking. There are two ways in which low cost and middle income housing can be implemented - either by opting for a standalone project or by making this segment a part of the larger, mixed-used development to get cross subsidy. Larger players too are getting interested in the segment now. Many integrated developments across the country have low cost housing as a part of it.

Innovative technologies

The most interesting part about this new-found interest in low-cost housing is the innovative ways in which companies are trying to cut down on construction cost while at the same time not compromising on quality. Instead of stone aggregate, this flowing concrete with foam and air bubbles is poured into a mould to create the houses. The tunnel from construction process then speeds up activity and one can effectively build five-ten EWS houses a day using no skilled labour at all. The technique uses no beams or columns - all the walls are load-bearing. In this process, 35% less cement is used and overall the total cost of construction is about 10-15% less than any other comparable technology. The structure will be completely earthquake proof, water proof and it is much more efficient than a brick and concrete structure, which means heating and cooling load, is reduced drastically.

Courtesy: - ET dtd: - 5th Dec. 2008

There is 150 acres technology corridor coming up in IMT Manesar, Gurgaon, promoted by Haryana State Industrial & Infrastructure Development Corporation (HSIIDC).

Vigneshwara Developers has acquired 10 acres out of this 150 acres IT hub.

Specifications

International standard offices - covered in 85% area of complete area.

 It has 4 official towers, 1 service apartment area and 1 retail mall.

Official towers: one 17 floored, one 13 floored, two 7 floored towers and all these buildings are
  interconnected.

Service apartments’ building has 7 floors which covered 10% area of total area having 5-star residential suits
  quality.

Retail malls & Recreation clubs – covered in 5% area of total area.

Approved Helipad facility available only with us.

Approximately 21 acres of parking space in three floors in basements (7 acres each)

Our Technology Park is based on the unique idea of Work, Live, Shop, and Play.

 

Note: 1) 12%  per annum Assured Return plan

Investors get returns @ 12% p.a. for 5 yrs. on their full deposit against investment for the space booked. After 5 yrs, returns will be revised with additional markets appreciation in decided percentage with original returns.

 

We offer buyback option @ 61.5% capital appreciation after 2.5 Years.          This is an assurance by the developer to provide the investor an option        of buying back his unit against the current booking over a period of 30 Months.

 

Any further more info log on to Http://www.zameen-zaidad.com/

 

 

Built around wide open spaces full of gardens and fountains, Kingsbury is a masterpiece of designing and planning finesse. Situated in the sprawling 1200 acres (approx.) TDI City, Kundli, it brings a host of best in the world amenities, services and facilities to your lifestyle. Come to the most coveted address of tomorrow. Come to Kingsbury.

Specifications
Walls
Drawing Room	POP Punning on Plastered surface and Printed with pleasing Shades of plastic Emulsion paint
Master Bed Room	POP Punning on Plastered surface and Printed with pleasing Shades of plastic Emulsion paint
Other Bedroom	POP Punning on Plastered surface and Printed with pleasing Shades of plastic Emulsion paint
Kitchen	Vitrified Tiles Upto 2-0”HT Above The Counter level rest punning and painted with pleasing Shades of plastic/ emulsion paint.
Balconies	Plastered & painted with long lasting weather resistant paint.
Master Toilet	Imported Marble.
Ceiling Floor
Drawing Room	Punning & Painted With plastic Emulsion Paint imported marble.
Master Bed Room	Punning & Painted With Plastic Emulsion paint Wooden laminated flooring.
Other Bedroom	Punning & Painted With Plastic Emulsion paint Wooden laminated.
Kitchen	Punning & Painted with plastic emulsion paint wooden laminated flooring.
Balconies	Plastered & painted with shades of plastic emulsion paint decorative walls ( Asian  Royale).
Master Toilet	Imported Marble.

 

Any further more info log on to http://www.zameen-zaidad.com

Lusury Living Withwith the Sun Court apartments at Jaypee Greens, Greater Noida. Apartments architecturally designed on the new concept of living in a complete glass cylindrical masterpiece. These apartments are strategically located to offer uninterrupted view of the golf course along with beautiful lakes and landscaped gardens. What’s more these have come to you from the creators of ‘Best Golf Development-India’ and have been awarded ‘Best Apartments-India’ at the CNBC Asia Pacific Property Awards 2008.

The pleasure of living in glass cylindrical masterpiece offering a complete view of Golf Course is truly marvelous. This 30 storied building is built at a height of 100mtrs, with each floor having two apartments built over the area of 3800 sq. ft. each.

 Any further More Info Log On  To http://www.zameen-zaidad.com/

Welcome to The Nest, which understands that small things can make a big difference.

 

The Nest has bought space inside your home by putting unparalleled flexibility at your command.

 

For instance, the living room can open up to accommodate a large, happy gathering; all bedrooms can extend seamlessly into spacious balconies.

 

Besides, every home is open from 3 sides to give you a supreme sense of freedom.

 

Features

 

For all the bric-a-brac collected in a full life, we have added large lofts in each bedroom to accommodate even the most vexing items. The bathroom has built-in storage spaces while the kitchen has extra storage space.

 

Escape from the concrete jungle, and wake in your own aerie where fountains, gurgling water bodies and landscaped greens greet you.

 

Further, a special children's play area located inside the tower enables you to monitor your heart's delights from within the home. Along with this, a club house takes care of your sports and recreational needs. And special spaces set aside for the elderly allow them to socialize. But the wonders don't stop there. Walk into The Nest to experience what freedom means.

 

Any further more info log on to http://www.zameen-zaidad.com