Rental market soaring high and posing to be the most dynamic sector in Indian business scenario

Real Estate seemed to be the best investment opportunity with a growth rate that was even higher than the growth rate of our economy. But then started the realty blues, correction in prices, fear of the real estate being unreal and a bubble being on the verge of a burst.

And now there is a new wave with which real estate may surge once again, The Rental Property Market. At present the country’s commercial and residential real estate rental market has a price tag of approx $50 billion, and is expected to grow 25% on a yearly basis. There are numerous factors that contribute to this incredible situation in rental property market. Major factors that are responsible for bringing about this change include growth in information technology/information technology-enabled services industry like BPOs as they are renting large commercial spaces in order to expand their business process in India. Apart from this, emergence of India as an important investment hub in the world market, growth in foreign direct investments and simultaneous growth in the purchasing power of the Indian middle class plays a pivotal role.

With our industrial sector growing super fast, youth being more career conscious and BPOs churning uncountable employment opportunities we find brilliant talents from all over the country migrating to big cities like Delhi, Mumbai, Chennai and Kolkata. People coming to these places in large numbers have created troubles for required accommodation in these big cities and this is time when renting property comes into the scene.

In order to overcome this acute scarcity for good accommodation in the big cities and surrounding areas which can meet the requirements of the population coming to the cities for employment, people began renting their properties and soon realized that it is an amazing source for income as well.

Also for young people despite of the handsome salaries and attractive prerequisites they earn owing a property is not a matter of fun and hence the option with which they are left with is to go for rented accommodation. Moreover with people aspiring rich lifestyle and an accommodation that matches their taste further drives the prices of rental property up the wall and makes it a lucrative business opportunity.

At this point it can be very conveniently said that rental property market has great potential and can turn out to be a reliable source of income generation.

The advantages of investing in rental property market can be summarized as below:

1. Demand for accommodation is ever increasing and people are willing to pay huge amounts for an accommodation that matches their taste and meets all the mentioned specifications.

2. In case immediate selling of any property is not possible, renting the accommodation is a good business and the returns are amazingly high.

3. Only apartments in multistoried buildings are not in demand but people seeking independent houses for rent are also many. As a result investment in building independent houses for renting purpose is also a money-spinning business with high rate of return.

To read more about the happenings in the world of real estate visit http://www.indiapropertyauction.com

Regards

Lalsa



Rent Back

Are you a home owner and need money at reasonable rates? Secured loans can provide you with lucrative deals. Secured loans are backed by assets belonging to the borrower in order to decrease the risk assumed by the lender. Thus, your home will act as a security in order to help you procure money. Hefty amounts for a long period of time can be availed as secured loans. The asset i.e. home put as collateral can be forfeited by the lender in case the borrower fails to repay the loan.

There is no restriction on the way a secured loan can be used. Secured loans are multi-purpose and therefore can be utilised for any purpose like the ones cited below

Home improvements

Debt Consolidation

Asset purchase

Holiday

Educational expenses

Business purpose

Medical Expenditure

Secured Loans are available at competitive rates in the market. Thus, secured loans are beneficial for the lender as well as the borrower. Secured loans can be classified into the following types in accordance to the uses and nature of the loan.

1.Secured personal loans- Loans that are used for personal uses like marriages, family holidays, educational expenses and others are called secured loans.

2.Bad credit personal loans- People running with bad credit (including arrears, defaulters, CCJs and bankrupts) can also avail a secured personal loans if they own a home. However, the APR in such cases is usually higher.

3.Secured debt consolidation loan- Loans that are procured by the borrower for consolidating or paying off all the running debts are called secured debt consolidation loans.

Note: In all these cases the borrower needs to be a home owner to keep put his home as collateral.

The amount that can be borrowed as secured loan, the loan tenure (repayment period) and the Annual Percentage Rate (APR) depend on the value of the home (equity), credit history of the borrower and the credit policies of the lender. The risk involved in Secured Loans is generally higher since your most treasured possession; your home is at stake. So, before going in for any deal, make sure you’ll be able to repay the loan on timely intervals. Compare and analyse the various market lenders, critical details like arrangement fees, early repayment charges, flexibility of repayment and most importantly the APR.



Quick Property Sale

 

If you want to sell your house privately, and avoid the cost of using estate agents, there are many options available from word of mouth, newspaper ads, your own for sale boards and of course the Internet.

However, do these methods always work? Do they enable you to sell your house within your timescale? Do they make the whole process of selling any less stressful? Will you get the price you want for your property? The answer is, not always.

Selling your house through an estate agent or through a normal private sale can take months. Dealing directly with the buyer can often be more stressful than using an estate agent and neither route may give you the price you want.

But there is an alternative. A house buying company will buy your property from you. They are not an estate agency so they don’t charge fees. Also, you don’t need a Home Information Pack – as a private house sale, it is not needed, saving you time and money. And sales can complete quickly – often within 7 days.

How does it work?

It’s quite simple. To make an offer a house buyer will arrange for 3 agents to visit your property to carry out an appraisal on their behalf.

Once the house buyer receive their valuations, they will be able to make an offer, normally up to 85% of the appraisal valuation, within 48 hours.

There is normally no cost or obligation in receiving an offer.

What are the benefits of using a house buyer?

The advantages for you are clear:



You guarantee the sale of your house.

The house buyer can complete quickly and to your timescales.

You can plan your move safe in the knowledge that your house is sold.

You’re chain free, putting you in a stronger position for your next purchase.

You avoid estate agents and their fees.

Many house buyers have years of experience in dealing with these situations.



 

 

 

 



Repossession

Moving into your new property to rent can be very exciting. Listed here are a series of pointers and advice for new tenants who either have not rented before or are looking for some useful guidance. This article covers aspects of property rental including rent payments, how to deal with any problems that arise in your property, checking the content and inventory, landlord requirements and deposit issues.

If a problem arises in your flat whether it be a leak, a broken down washing machine or you are simply unsure of something to do with the tenancy you should contact your landlord or letting agent and report it. The quicker the problem is reported the sooner it can be resolved. No matter how small the issue is let the landlord or letting agent be aware of it.

Understanding the tenancy agreement is very important before signing. If you do not understand something on it be sure to ask your landlord or letting agent to explain it.

Record Your Rental Payments

It is very good practice to keep a clear record of all your rent payments, the date, amount and method of payment. The best, most widely used method of tenant rent payment is a standing order payment, set up through your bank. This allows the rent to be paid directly and there is a clear record of all payments in your bank statements. You should keep your bank statement stored in a secure place, in the order you received them as you may need to check them if a payment issue arose.

Respect the Property You Are Renting

You should respect the property you are renting and treat it as you would your own property for the duration of your tenancy. You should keep the property and its contents in good order so can be certain to get your full deposit back when you move out. If you have any concerns about the state of the property when you move in whether it be existing damage you want them to be aware of, or you feel the property is not equipped properly you should mention this to your landlord or letting agency. It is the landlords responsibility to keep the flat in good condition.

Tenancy Deposit

When you first move into the property you should receive an inventory for the contents and condition of the flat. You should check this against the property and report any missing items or damage that is present but not on the list. The best method of doing this is to write to the landlord or letting agent and keep a copy of the letter. This will help with any issues regarding the return of your deposit. The tenancy deposit is payable to cover any damage to the property or contents during the tenancy. It is normally one months rent value and is payable upfront at the same time as the first months rent. Any unreported damage that is recorded when you move out will be taken out of your deposit. You should except to receive your deposit back one month after your tenancy ends.

Property Sharing Advice

You should be very careful who you choose to share your property with. If you are all signing the same tenancy agreement this means you are all liable for the payment of the rent. If one person leaves you will still be required to pay the full rent for that month so it is important you only share a rented property with someone you can trust.

Living in the Property

You are entitled to live in the property in peace and without any interference from the landlord. He is not allowed to enter the property without your permission. By law the landlord is required to keep the exterior and structure of the property maintained and in good condition. This includes the installations of the gas, electricity, basins, sinks, baths, hot water and heating. If this is not done you may complain to your local environmental health department.

Glasgow, Cambridge and Ely Letting Agent | Flats to Let in Glasgow | Landlord Property Management Services



Sell and Rent Back

A property for sale in France is an issue that has always enticed British buyers. A good number of British families have a second home in France and a lot more other families are busy taking a look at other prospective homes to be bought.

There are a lot of reasons why people would like to purchase a property in France, for instance, the way of life is more at peace, the cuisine is incredible, and the climate are great. There is a combination of urban as well as rural living, and this is the primary reason.

However, it is not only the lifestyle or cultural reasons that are drawing the people to purchase a property in France, there are solid monetary reasons as real properties are a lot cheaper compared to Britain. Ease of access is not a setback either, as it can be faster to get to any area in France than to journey the length of Britain, this is because there are ferry crossings, Eurostar transport and direct flights across the whole country.

On the other hand, the markets all over Europe are presently fighting back the sub – prime crisis. Therefore, a property market collapse is not a distinct possibility anymore, but a bullying reality. Well then, is it still a nice idea to think of purchasing a property in France?

The French economy asserts that they have evaded the credit crunch risk. Banks are being commended for sticking to a firmly synchronized plan, which obviously has given the necessary backing to the economy. But in spite of this, the housing market hasn’t been totally out of danger. The costs have started to plummet or be inactive but not like with Britain or Spain the France’s housing market has not disintegrate.

There have been signals, but the crash cannot be thought of as venomous. This is chiefly because of the fictional sub-prime market. The loan plans are dissimilar, and it is the profits of the borrower which decides the loan amount and not the worth of the property.

When it comes to buying property for sale in France, there are a few characteristic to keep in mind: usually an apartment is put up for sale with a bare kitchen like there are no dividers, no water outlet, nothing, it’s completely bare. But certainly this let you to entirely plan your kitchen according to your own sense of style. And the only issue that may hold you back in designing the whole kitchen is your budget.

After you have come to a decision about the property that you would like to buy, the seller and the buyer will both sign some papers called a promesse de vente. This is a lawfully binding papers that verifies that the vendor must sell the real property to the buyer. Nevertheless, the buyer is provided eleven days to back out. All the property sales are done with notaires and the vendee and vendor have their own notaire as well, to prove that all the portion of the sale are done according to the existing law.



Quick House Sale