Home Buying Calculations Simplified – Home Value Calculator

Frustrated staying in a rented house? Still confused whether to buy a house by taking loan now!!

You would be grappling with lot of questions like whether the price will come down, whether the income tax benefit worth the investment, what will be the worth of my home in 20 years, should I put my savings in FD or invest in home??

We at RealtyCompass are committed to make the life of home buyer easy, by constantly offering innovative solutions. Here is an elaborate calculator which will answer all your questions.

1. Value of home you can afford, based on your salary and down payment capacity

2. Automatic calculation of loan potential and EMI

3. Projecting  rental saving / rental income over a period of 20 years

4. Income tax benefits of buying a house from payment of interest, payment of principal and being a new home buyer

5. Net worth of home in Present terms based on moderate appreciation on home value; and Return On Investment (ROI) on money invested and benefits arising out of it.

The calculator simplifies the complicated computations with few inputs and presents in lucid and interactive interface.

For inquisitive who seek for more explanation, the calculator is also supported by tool tips and FAQs.

Here is the link to Home Value Calculator !! Happy Home Search!!

Source: http://www.realtycompass.com/blog/advisory/calculations-simplified-calculator/

Chennai – Emerging Real Estate Trend

Property in Chennai has been picking pace in the real estate market lately. While, the residential properties of Chennai have reached a point where it is very difficult to purchase a residence in popular places, the home choices are also modifying with people’s preference.

Chennai brokers reveal that Chennai Property Costs have been on rise since long, especially the residential prices. The costs of residential homes are quite high in places like T.Nagar, Adyar, and Anna Nagar. The price ranges from Rs 50 lakh to Rs 5 crore based on the unit area. As a result to buy a property in Chennai or especially in these areas are getting more costly.

As these places have achieved high growth new sectors and software companies are arriving up at NH4, GST Road, and OMR. Especially, the new improvements are arriving in affordable boundaries and larger places.

Further, the growing professional section and increasing number of IT experts have forced the personal demand and costs to a new height in Chennai over the last few years. Now, with increase in house tax by the local govt the real estate property prices have increased multiple folds.

Moreover, with more contact with other western world and incomes going up, individuals all over the country desire for a high-class lifestyle. This pattern has also caught up with Chennai people as well, wherein individuals are looking for luxurious housing options.

Also residential apartments in Chennai are becoming more popular day by day due to its cosmopolitan nature and high comfort. Many popular contractors in Chennai are building apartments that includes luxurious homes, offering super modern amenities. With young experts going in more for leased models, the luxurious apartments are attracting huge investment from the NRIs.

Since, growing industrial sectors and other developments produce 100 % profit in the future; investment in the Chennai residence is considered a great idea by real estate experts.

Source: http://www.realtycompass.com/blog/blog/chennai-emerging-estate/

Chennai – The real estate trend

As the economic condition improves in India buyers are more confident in investing in real estate. A whopping 10 million square feet of land is needed for the IT/SEZ sector which indicates the kind of demand presently witnessed in the commercial sector. With the Indian economy getting back on its foot after the global meltdown, buyers have come forward towards investing in real estate property as an investment option.

Chennai city has witnessed a dramatic increase in the number of real estate investments. Developers are going with the stride in constructing new projects in prime parts of the town. The demand has been rising consistently and corresponding number of housing units are supplied to meet the demand. Thus, there is a balanced demand supply ratio in the city of Chennai.

However, there is an inconsistent proportion of demand supply in regions like GST road and OMR region. The housing units exceed the demand ratio leaving a pile of stock of housing complexes unused. The rest of the city is however maintaining a good trend with positive real estate scenario.

The real estate property prices have increased by 40 percent in certain areas which cause price sensitive buyers to be hesitant. The demand for quality homes in localities like Velachery, R.A. Puram, Nungambakkam, Annanagar and Adyar are on rise. An investment in these localities is most likely to bring in huge returns.

The city’s realty market has got a facelift through excellent social infrastructure, good transport connectivity, entertainment centers etc. The upper middle class segment and middle class are showing keen interest to invest. The property prices are also being corrected in places where the demand has been reduced. Overall, to buy a property in Chennai is a wise choice and one can expect good returns after a certain period of time.

To more about find property in Chennai, Visit: http://www.realtycompass.com/real-estate-in-chennai

Source: http://www.realtycompass.com/blog/blog/chennai-estate-trend/

The Luxury Home segment in the Real Estate India Market

The business of the luxury home segment has been going steady in recent years. Though the Indian property market is in a lull phase, yet the luxury home market is unaffected. The luxury home segment has been more favored by the NRI’s after the Rupee depreciation.

Reports from the Confederation of Indian Industry indicate a 20% growth in the luxury real estate India market almost touching $5.8 billion. After the slowdown during the year 2012, the current year is witnessing signs of recovery. The market is springing with projects being launched all across the country. New home offerings, more influx of NRI’s and a drastic change in people’s lifestyle has caused the spurt of demand for luxury homes that are sold at a price tag from 1 Crore upto 20 Crore rupees.

The rise in the demand of luxury homes has caused the developers to come up with many plans and schemes to promote luxury housing in every metro of the city. Luxury homes for every budget is created and promoted successfully meeting every need of the consumers.

Since, the prices of the luxury homes are quite high there are always speculations around the pricing as to how the price is determined. Developers say that factors such as location of the project, real estate developer’s reputation, the layout design, size, and neighborhood are some of factors that determine the cost of homes. The residential location is however the most important factor that determines the cost of the house. Such luxury home projects are priced between Rs. 8 Crores upto 35 Crores. For eg, in the city of Gurgaon a residential project is priced at around Rs. 7000 psf which is considered to be luxurious whereas in the city of Mumbai the range starts from Rs. 15000 psf. Developers expect a further growth between 25 to 30% in the luxury market in the coming days.

Visit for more about real estate India search at RealtyCompass.com, where you can choose your new home at your own convenience.

Source: http://www.realtycompass.com/blog/advisory/the-real-estate-india-market/