Banks Unlikely To Hike Home Loan Rates In Near Term
Home borrowers may be able to breathe easy for now as most banks have said they are unlikely to raise interest rates in the immediate future. Reason for taking such decision is due to ample liquidity in the system. “There is an upward bias. However, if you raise rates, you may price yourself out of the market,” HDFC’s special scheme on home loans ends on April 30. For messages given by various corporate heads of banks, Read Full Article http://content.magicbricks.com/banks-unlikely-to-hike-home-loan-rates-in-near-term
Quick Tip : Keep In Mind Valuation Rules While Gifting Property
HDFC has revived its teaser rate offer on home loans backed by its low cost of funds and increasing demand for the teaser rate product. Such teaser rates are ideal for borrowers who systematically prepay their home loans within the first 5-7 years. From July 1 this year, following the RBI diktat, banks will peg interest rates on various loans disbursed by them to their Base Rate instead of BPLR. Read Full Article http://content.magicbricks.com/quick-tip-hdfc-teaser-rates-ideal-for-pre-payment-planners
Real Estate Management Courses Launched
Considering the growing need for specialised real estate management education, IDS National Institute of Real Estate Management has launched two real estate courses. These courses are being offered as one year distance learning programmes, considering the time constraint of working professionals. NIREM has started accepting applications for both the programmes scheduled to start from May 2010. Read Full Article http://www.hindu.com/pp/2010/04/17/stories/2010041750150700.htm
Green Home At A Touch
You can now intelligently manage your home electrical appliances and systems through a single interface, cutting costs and saving energy. As home automation is ‘hi-tech’, it has the potential to be far more profitable than standard electrical wiring for a house. Studies show that dimming a light by just 10 per cent can save 10 per cent of electricity and double the life of the bulb. Read Full Articlehttp://www.hindu.com/pp/2010/04/17/stories/2010041750090100.htm
Senior Citizens’ Homes Emerging As Serious Segment In Realty: JLLM
We accidentally spotted Marg Swarnabhoomi advertisement on a Jet Airways flight, in their inflight magazine, Jet Wings.
It is certainly thrilling to see your brand at 35000 feet above the sea level…
Here’s a copy of the ad…
Swarnabhoomi from Marg is an integrated township that offers working, living and learning. Swarnabhoomi has dedicated SEZ place for industries, excellent apartments for residence and several schools, colleges and universities for education purposes…
Here’re some articles published on the net related to Marg’s Savithanjali project launch…
IndiaInteracts.in gives detailed account of the project and also quotes Mr. S Ramakrishnan, CEO, MARG ProperTies saying, “Through the launch of Savithanjali project, we are glad to expand the portfolio of offerings under our real estate arm, MARG ProperTies. The project will comprise state of the art tech smart features and top notch amenities to further enhance the lifestyle of the customers.”
Businessblogging covers the photos of Savithanjali promo at Tidel park.. See the photos
Callezee, Chennai’s leading tele info service, details Savithanjali project on its blog… read more
We thank all the blogs and websites for their support. If you’ve written something about Savithanjali, please let us know, we’ll be happy to appreciate your efforts and link back.
Mr. Kiruba Shankar, CEO, BusinessBlogging, had a chat with Mr. Ramakrishnan S – CEO, MARG ProperTies. In this podcast Mr. Ramakrishnan sets the stage for launch of Savithanjali project.
Mr. Kiruba Shankar, CEO, BusinessBlogging, had a chat with Mr Oscar Braganza, Executive Director, Marg Group. In this podcast Oscar explains what would be the right time to buy a home and how one should go about, while deciding to buy one.
Here are the transcript of the talk…
When is the right time to invest in property?
This is the question every consumer struggles with. Real estate is something that appreciates very fast. If you look at history and past experiences, those who have taken early decisions have often emerged winners. There might be instances where it might not have appreciated or appreciated at the rate expected, but in a long run, there’s always been been high appreciation in property values. So the short answer to your question, is NOW. Don’t wait..
One of the important factor is, at what point you’re getting into the particular project.
If you take the example of Noida, Gurgaon, those who entered 10 years ago are getting a much different rate of appreciation compared to those who have entered recently. One critical element is to check what is the proportion of land cost in your total cost.. If land cost makes for huge percentage of total cost (more than 80% of flat cost), then rate of appreciation/potential upside will be lower. If land cost is lesser (say less than 20% of flat price), then there’ll be huge potential for appreciation.
Look for areas where social infra structure, jobs and other opportunities are coming up, once you identify the area, go for it. Because, if you wait, you may end up paying higher price or not getting your choice…
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