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/

Andhra Pradesh – A thriving real estate community

Andhra Pradesh serves as a shining example of the IT revolution in the Indian subcontinent. The reform process during the early 1990’s has helped the Andhra Pradesh state to improve its major industries. Industries like Information Technology, Agro processing, Drugs and Pharmaceutical industry, Textiles business, Engineering sector, Leather materials and Jewellery Industry form the backbone of this affluent state.

The several industrial parks like Export Promotion Park, Vizag Export Processing Zone, Bobbilli and the Hardware Park have provided the much needed impetus to the Andra Pradesh real estate market. The economic affluence of this state can be determined by the FDI investment of over 4000 crore every year.

This state has developed lately into a major tourism hub in Andhra Pradesh. The major cities in Andhra Pradesh are Hyderabad, Vijaywada, Vishakapatnam, Tirupati; and they are all well connected by air and rail services.

Realty Trends of Hyderabad

The realty market in Hyderabad witnessed a slump during the global recession period. Today, the real estate market is in a gradual recovery phase reaching a consolidated level. Surveys indicate that the ready to move projects have taken off well during the last quarter.

The Western IT corridor has been showing good signs with new launches by reputed builders evoking positive response from the buyers. Budgeted villas and value housing segment has picked up market in northern and eastern corridor. The surrounding regions of the international airport at Shamshabad are viewed as the prime investment destination now.

Special features of Hyderabad

The Nehru Outer Ring Road stretches 158 kilometer and is an 8 lane ring road surrounding the Hyderabad city. It was built at a mammoth cost and serves ideally to decongest traffic in the suburbs of greater Hyderabad. This project has been completed and serves as a major boon for the residents.

The Hyderabad Metro rapid transit system is another anticipated project in this busy city. The rails are planned to cover a stretch of nearly 100 km. These special projects in Hyderabad are believed to provide a better lifestyle for the city’s residents and a better future.

To find and buy a property in Hyderabad, Please visit http://www.realtycompass.com/real-estate-in-hyderabad
Source: http://www.realtycompass.com/blog/category/advisory/

Coimbatore Realty is growing with time

Coimbatore Realty on a growing spree

The property prices in the city of Coimbatore are at an all-time high. The last couple of years have seen a price increase shot by 25 to 30 percent. The price increase however has not diminished the attractiveness of the Coimbatore city that serves as an ideal destination for real estate investments. The specialty and uniqueness of this metro lies in its laid back aura and traditional charm. This feature of the city attracts the middle-income segment contributing significantly to the city’s real estate market.

The property market graphs have been going steady and experts don’t see any lull for a few more years. There is an estimated demand of 1 lakh housing units predicted in the next few years. Various projects like the Akshaya Homes, Srivari Vaibhav, TVH Vista Heights and Trident Harmony constructed on important destinations like Avinashi, Mettupalayam and Trichy road has directed the Coimbatore’s property market on a growth spree.

Property Trends

The property prices in Coimbatore have been showing a tendency to climb. Some of the reasons cited by the experts are industrial sector, II industry, BPO; further Coimbatore is a major textile hub. The recent price inflation has wrecked havoc in the real estate market and the investors and buyers safely chose to withdraw during this period. However, the last quarter has witnessed buyers coming back and showing interest in the real estate market especially in the suburban regions. An average 5 to 10 percent increase has revived the hopes of the investors and buyers supported by a decent demand and supply mechanism. Coimbatore real estate market shows a regular increase of 25 to 35 percent every two years.

Property Prices

The Realty prices are quite high in the Coimbatore city due to the commercial and industrial sector. The City’s prominence and industrial role highly influences the increase and decrease of the property prices. A typical house in a multi-storied building costs anywhere between Rs 3,500 per sq ft. to Rs 5,500 psf.

The demand for houses is increasing steadily and the prices are growing proportionally. Many senior citizens prefer to live in villa styled houses with multiple bedrooms that start at Rs 17 lakh and run upto Rs. 2 crore. However, the trend in Coimbatore has always been to buy land parcels and build independent houses, as the cost for buying lands here is relatively cheaper compared to other cities.

To find and buy a property in Coimbatore, Please visit http://www.realtycompass.com/real-estate-in-coimbatore

Source: http://www.realtycompass.com/blog/category/advisory/

Chennai Realty – A brief excerpt

Please find excerpt’s interview of the real estate market scenario of Chennai realty:

What are the main market segments in Chennai?

Since, the middle class segment of the city is vast in the Chennai city, the mid-market segment has been a popular sector for the developers. The mid-market segment apartments are priced in the range between Rs. 40 and 80 lakhs. The high-end segment also has takers and is priced over Rs. 2 Crore. Grand luxury projects are proposed in upscale areas like Nungambakkam and Guindy with massive number of apartment units at elite prices. These apartments have world class facilities like business lounge, swimming pool, cafeteria, automatic car park etc.

What kind of market do we find in Chennai?

The market in Chennai is very robust. There has never been a crash in the past three decades in the real estate market. Therefore the Chennai market provides safe investment atmosphere with respect to real estate. The upscale segment is booming with proposed luxurious residential structures in the Central Business Districts like Nungambakkam, Poes Garden, Alwarpet etc.

Why are the prices going up in Chennai as opposed to other cities?

The main reason is to maintain the stability of the market. An erratic pricing scheme would only result in insecure builders and consumers. Early bird offers are offered with a percentage of deduction in the overall price. Apart from that every apartment unit is sold at a standard market price.

Is this a good time to invest?This is certainly a great time to invest in the housing segment. With the global market recovering from recession, there are many projects in construction at popular localities. Prices have stagnated for a while, so it is a good time to take advantage of this factor before liquidity.

To find and buy a property in Chennai, Please visit http://www.realtycompass.com/real-estate-in-chennai

Source: http://www.realtycompass.com/blog/category/advisory/