Making a Smart Property Deal!

Is it a good time to buy or sell in the real estate market right now? Chances are that as a prospective buyer or a property owner, you may be facing a serious dilemma. Industry players feel that while it may be a good decision to buy in certain locations, a sell off needs to be given a few more months till the market picks up completely. So which are the best places to buy in right now? According to global real estate consultancy Cushman & Wakefield (C&W), in Delhi NCR, it is Noida, Greater Noida Expressway and areas in Gurgaon along the Golf Course Extension Road. In Mumbai, central Mumbai and western suburbs such as Bandra, Kalina and JVLR are good bets. New emerging destinations in Bangalore such as Sarjapur Road, North and central Bangalore, apart from a few projects within the city can be considered.

C&W, says that this is a good time to buy a property for self use as prices have corrected considerably over their peak in 2007-08. “Buyers at this time can take advantage of lucrative interest rates on home loans. However, for investors entering the market, this time should be evaluated keeping the various arbitrage options that they can take advantage of in the current scenario. As far as selling is concerned, this is not a sellers market. The decision should be taken when the owner is confident of achieving the expected appreciation of the capital value of that property.”

Would you give your keys to a stranger ?

Every day hundreds of people around the globe decide to give the keys of their property to the professional Property Investment Managers at L.J. Hooker. Why ? Because at L.J. Hooker we’re property management professionals who will ensure your property is rented for the highest price and on the best lease terms and after possession we will handle all aspects of the process for you—rent collection, property inspections, maintenance, bill and tax payment .

Don’t risk your most valuable assets with amateurs, mail us now at pm@ljh.in for a free appraisal of your investment property.

(more on www.ljhooker.in)

Why Invest in India ?

The Indian economy and the real estate sector in particular are high on its ride to prosperity. As India’s economic growth curve rises, real estate India has emerged as one of the most appealing investment areas for domestic as well as foreign investors. Indian real estate has huge potential demand in almost every sector, commercial, residential, retail, industrial, hospitality, healthcare etc.
Investment scenario has certainly undergone a paradigm shift in India.

Key Facts

Selling and buying Indian property is now considered as the most profitable and attractive business opportunity in the present real estate scenario. New demands have added to strength of real estate markets across the commercial, residential and retail sectors in India.
Not surprisingly, demand for Indian property has been increasing steadily for the past few years and it has exceeded supply.There has also been an upward swing on the real estate price values in the recent years. Due to the huge demand and rising prices, investment and speculative interest in real estate is growing while excess money supply, stock market gains and policy changes are adding to the trend in favour of the real estate sector.
India has a distinct regulatory and financing management in place.
Real estate boom in India is supported by its own flourishing economy on a sustainable basis. Here, growth of the property market is not a result of renovation and overhauling; but rapid development that witness for India riding the high growth wave.

Factors Favouring Investments

Tremendous growth has been taking place in both residential as well as commercial segments that is attracting huge investments phenomenal price escalation (more than 100% in several places) in last couple of years.
Lower interest rates, easy availability of housing finance, burgeoning income and better job prospects, increase of nuclear families have given a boost to the demand for residential properties in India.
In the present day scenario, if there is any powerful investment tool that brings burgeoning financial returns, it is INDIAN REAL ESTATE!!! Investors should consider the parameters minutely and meticulously to find out why investing in Indian real estate now is the best viable option.

Benefits of Professional Property Management

Utilizing a professional property management company is an investment in the long term financial security of your family.
The greatest asset you can build for your future financial security is a sound income producing property portfolio. By partnering with an expert team of property management professionals you ensure that you maximize your income whilst at the same time protecting and increasing the asset value of you portfolio.
At L J Hooker we take great pride in assisting our clients to build their portfolios over time to ensure they are taking full advantage of the market and maximize their opportunities.
All our management clients are also treated as a corporate VIP customer with L J Hooker. We ensure you are given pre market notification of all new stock being put to the market and get the full benefit of any incentives available.

In essence we ensure the following;

1. Maximize your return on investment by implementing world class marketing to attract the right tenant at market best rental. We also conduct ongoing in house research re rates to ensure you are always at the best cash return possible.
2. Minimize your personal time investment with market leading software and management systems. We aim to allow you to treat your property portfolio as a passive hands off’ investment.
3. Minimize your legal exposure by using industry best practice management.

Great interest rate deals on offer

State Bank of India (SBI) has launched two special home loan schemes that assure low interest rates in the first three years. SBI easy loan for amounts up to Rs 30 lakh and SBI Advantage Home Loan for amounts above Rs.30 lakh will carry the special rate of 8%, introduced in February. Under SBI easy, interest rate for the second and third years is fixed at 9%. From the fourth year onwards, the customer can choose between floating rates 2% below the State Bank Advance Rate (SBAR) and fixed rate 1% below SBAR with a five-year reset. SBAR is the bank benchmark rate to which all floating rate loans are pegged. Under SBI Advantage, the interest rate is fixed at 9.5% for the second and third years. From the fourth year onwards, the customer can choose between a floating rate 1% below State Bank Advance Rate and a fixed rate 0.5% below SBAR with in a five year reset.
Check out our comparison chart on the web site www.ljhproperty.com

Best time ever to buy property in India !

Rupee devalues by 25% against the USD & Property prices are back by around 25% on 2008 values…..
Add this to the fact that duty rates have been reduced and finance rates are at an all time low, and you have the best buying conditions for NRI’s that have ever been seen.
If a property was 1Cr in 2008, it had a holding cost of around Rs. 1lak per month….
If you bought the same property today it would have a holding cost of around Rs. 50,000 per month !!
That is an incredible difference in affordability, - 50%
Right now is the best time you will ever see to buy property in the Indian market. You have good selection with some excellent deals on offer and a simple path for buying, renting and managing the property.
India has massive underlying demand (some 20 million dwellings required right now) and with an increasing population, diminishing house sizes and growing affluence the demand will continue to increase.

A great example of current value - Tivoli a Whitefield, Bangalore’s IT hub, was Rs2600/sft now only Rs1875/sft….
Fantastic value !

(more info on www.ljhproperty.com/tivoli)

Indian Residential market to turn positive in 2010

Demand in the Indian Residential market is expected to turn positive in 2010 due to improvement in affordability, steady economic growth and greater liquidity, says a Crisil research report on the real estate sector. However, the decline in the currently overpriced capital values of all three real estate segments of residential, commercial and retail will persist through 2009. Commercial and retail markets will continue to see erosion of lease rentals in the next two years, it says.

The report is an analysis of over 400 areas across 88 micro-markets in Ahmadabad, Bangalore, Chandigarh, Chennai, Hyderabad, Kochi, Kolkata, Mumbai-MMR, National Capital Region and Pune. Mr Sudhir Nair, Head, Crisil Research, said: “Accelerated growth of Indian economy, recovery of global economy, improved liquidity and expected fall in interest rates are key factors that will signal demand revival in the residential segment. This segment is likely to see a much faster revival due to a strong underlying demand for housing and supply coming at attractive price points.”

The report says capital values for residential sector and lease rentals for commercial and retail properties had substantially corrected till March due to a slowdown in both the domestic and global economies, and also due to real estate becoming unaffordable.

However, Crisil Research believes that demand for houses will improve in 2010, backed by lower home loan interest rates as well as better job security owing to higher growth in the economy.