Tips for Selling Your Property in The Fast Lane

Wish to sell you property in the open market? Follow these simple tips and do it with ease

In India, currently, there is more supply than the actual demand in certain segments of real estate. In such a situation, selling off your property for profit or at the amount that you have in mind, is rather difficult. The basics of making profits in the real estate industry is to purchase the property when the market is at a low and sell it when the prices have gone up, thus, making a good profit out of it. However, this market is totally unpredictable and no one can predict which way the deal will turn.

Such situations make it reasonably important that you should always have knowledge of the current market situation. It's understandable that it is not always possible to be up-to-date with information about the pricing, rules, legalities, etc., especially, if the property owner is either a working professional or an NRI who wants to sell the property for profits. Here are some tips and suggestions that will be of help while selling the property.

Finding a very good real estate agent: In India, most of them work the traditional way they charge a commission fee, payable after sale but in return, they save you time and stress by actively promoting your property and the hassle of dealing with would-be buyers. Now, to get the best real estate builder or agent, you will have to do some work and do research, ask around, check testimonials among other things, such as fees, their track record. Once you have finalized on the agent, keep a check by staying in regular contact, asking for progress reports and making sure they are getting prospective buyers in.

Property valuation: Fixing the right price for your property is crucial. You can self-assess or resort to an external source for determining it's worth. There can be various factors associated with pricing such as a viable environment, utility of the project in the future, location, infrastructure and civic amenities, other than the market situation. If all these areas are taken care of while preparing for selling the property, it will help you place your property in the right price bracket and that too, in a short span of time. Know and listen to the market: Listen to the ground realities. It's a basic rule that as a seller one must understand and follow.

Finding a prospective buyer: Advertising in newspapers, websites, or contacting professional brokers or even word-of-mouth, can help you identify/find the potential purchaser. It is equally important to check the credentials of the purchaser in terms of his background, financial capabilities and reliability.

Legalities: Communicate to the governing body; get a No Objection Certificate (NOC) and then proceed with legal documentation. Get the property registered under the provisions of the Indian Registration Act. Selling a home in a fluctuating market, requires a little extra work.

Do everything you can to get the property in excellent shape and be prepared to make some small concessions at closing. These tips, coupled with an attractive price, will increase the odds of getting your property sold.

Essential Elements in The Structure Of A Home

A home can essentially be divided into three main components the mind, body and soul. When buying your dream home go on a close inspection of all features to ensure you do not settle for anything less than perfect.

A close inspection of the house is essential to ensure that your investment is secure. The numbers that are shown on the paper should correspond with what a consumer actually sees and feels. Starting from the foundation till the roof, like a jig saw puzzle, each and every piece needs to be in place for the house to provide safety and security for many years to come. The seven essential elements in a house are-

Roof, foundation, heating/cooling, plumbing, electrical, infestation and windows


The condition of these seven factors determines the proper functioning of the house. The house can be divided into three levels-

• The mind – which corresponds to the electrical components
• Body – made up of the foundation, roof and walls
• Soul – has the three components of plumbing, windows and heating/ cooling

The Mind
The electrical panel and the box with the mains should be checked closely. There should be a circuit breaker or a main fuse in it for sure. Properties without fuse boxes are not passed by insurance companies. The wring should be of the latest and most safe standards permitted by the laws of the city council. All floors should have an independent t circuit breaker and a proper mcb panel to protect against any outage or short-circuits. If the client is not sure about the standards he should ask an licensed electrician to accompany him.

The Body
The roof and the foundation of the building should not be taken for granted at the time of inspection. If these two components have structural issues, the whole building will soon be in the midst of timelines that are blown. The important thing to check is the roof line. If missing shingles and turned up side is noticed, that implies that the property night be infested with rotten or molded wood.
The foundation should be closely inspected for stress cracks that might show in the slabs of the garage, any cracks in the walls, doors and windows. If the doors do not close or open properly, the fault might be in the foundation.

The Soul
Windows in a property serve two purposes, one they add value and second they improve the energy efficiency of the whole structure. Most home evaluators are of the opinion of evaluating a property on the condition of its windows. The heating and cooling system of a building is similar to the lungs. The energy rating and the overall efficiency of the property can be assessed on this factor. Modern structures are opting for energy efficient windows with sound proofing, that keeps the heat and sound out. Read very carefully about the energy costs to avoid being charged exorbitant rates at a later stage.

If you are looking for apartments in Chandigarh which build with the combination of these component, call us!

Real hope Blooms in Real Estate Sector

The stakeholders in the real estate sector are expecting sentiments to turnaround in the market after the BJP-led NDA posted a decisive victory in the 2014 general election. Developers and consultants say that the prices of residential and commercial properties will see an upward trend, as the investment climate has improved.

Owing to the bad sentiment prevailing in the entire economy, end users as well as investors deferred their decision to enter the market, property dealers and consultants said. The main apprehension of buyers was that the slowdown in the economy might further deepen affecting their job prospects. But the Friday election results have come with a silver lining and most of the stakeholders are now of the opinion that the economy as a whole, and the real estate sector in particular, will see a turn around. The sudden spurt in demand for the residential as well as commercial real estate would increase the activities in the sector and is likely to push prices up. “The election results will certainly improve sentiment in the real estate.

Experts say that to revive the real estate sector, the Narendra Modi government, which will be sworn in on May 26, will have to take an immediate call on amending the recently-passed Land Acquisition (Rehabilitation and Resettlement) Act 2013, which is high on demand of the industry as well as the infrastructure ministry. Developers, builders, and the respective infrastructure development ministries feel that if the real estate sector has to be revived to meet the housing demand in the country and increase the infrastructure building activities, the Land Acquisition (Rehabilitation and Resettlement) Act, 2013 must be amended.

Developers and builders say that if the current act is implemented in its present form, township projects on more than 50 acres cannot be implemented. The provision of rehabilitation and resettlement of the the landowners whose lands have been acquired should be done away with; in fact, the industry bodies argue that land acquisition by private players should be out of the ambit of the act.

The real estate sector has also been left in the lurch with reduced traction, high levels of unsold inventory, and rising cost of funds. The sector is hoping for stimuli like lower interest rates, job creation, and tax rebates to ensure sustained growth. A lower mortgage rate and incentives for home loans are going to be the key triggers in fortifying demand.

Time For Some Financial Planning

The year end is a time for prospective home buyers to gear up and get their financial planning in place. If buying a home is one of your New Year resolutions, it's time to begin the process of acquisition now. Some basic financial planning will ensure you keep the loan cost to the minimum and acquire the property at the best price. Here are a few tips: 

Evaluate Your Investments portfolio:
Invariably, an equity investment portfolio goes through cyclical ups and downs. In the current market conditions, frequent evaluations to analyse the performance of individual stocks is a must.  A prospective home loan borrower needs to go through one to weed out nonperforming and under-performing stocks. The funds generated from exiting such stocks can be reinvested in short-term deposit schemes that yield relatively higher returns and then used to make the down payment on the property.

 Mutual fund units too can be redeemed both when the fund is not performing up to expectations and even when the trigger for exit has been reached. This strategy needs to begin now. Times when the markets rise can be opportune moments to exit from stocks and mutual funds.

Evaluate tax Benefits Claimed:
Many rush into tax-saving options in the last couple of weeks of the financial year end to make the upper limit. It is never wise to put off your tax-saving investments till the end of March. You may well end up investing in options that don't suit you just to save some income tax.

 Now, you have all the time to evaluate options before you and pick the ones that suit you the most. It will also serve you well if you plan these investments in tandem with your home purchase in terms of lock-in period etc. These investments can help you raise the funds needed to furnish your new apartment later too.

Plan for Prepayments:
With the waiving of the prepayment penalty, borrowers can bring down the interest cost with regular part prepayments. This is the right time to plan investments that generate lumpsums that can be used to make annual part prepayments. This will ensure your loan cost will be the minimum and also you will be debt-free sooner.

Gurpurab Offer: Book Your Dream Home at 1 Lac Only

With so many townships and housing projects coming up in Chandigarh and its nearby areas, homebuyers are having a tough time making a right choice about their investment.

At Guru Nanak Dev Ii Gurpurab, Savitry Greens offers all investors and aspiring homebuyers a chance to invest as little as Rs 1 lac and book for themselves a greener, purer and healthier home in Zirakpur.

Offering eight different real estate projects – residential 2 BHK, 3 BHK, and 4 BHK flats in Zirakpur, Savitry Greens is giving you an opportunity to book your dream home with the most trusted name in the tri-city.

Savitry Greens has some of the finest properties in the region; the locations and the hard work in planning is an outcome of decades of investment. Today, we have something special for each prospective buyer!

Since our aim is to provide first time homebuyers as well as real estate investors a quality living place where they can enjoy all the comforts they have envisioned in their dream home or a residential property that appreciates with time. If you have been planning to buy a flat or apartment this year, NOW is the time to do that! Booking at 1 Lac – that’s one deal you cannot possibly come across anytime soon!

Our projects in Zirakpur aren’t limited to particular location; our apartments are widespread across many projects and locations. Our repertoire includes everything from Savitry Greens to Savitry Greens 2 and from Savitry Towers Mohali to independent duplex apartments. We have something for each pocket size.

So, if you are looking for an apartment in Zirakpur, check out all of our projects at once and call us at +917500000035 at any time to get the details. We are here to help you and rest assured - all preliminary discussions are non-obligatory in nature! Make this Gurpurab special  for your family and we wish you Happy Gurpurab!

3 BHK Flats in Chandigarh

If you’re about to start your family life and planning to settle in Chandigarh, the capital for Punjab and Haryana, this is the right time for an investment in property as well. Many new real estate construction projects are underway within the city and also nearby towns like Zirakpur, Panchkula, and Mohali.

Chandigarh still remains one of the low investment hubs in India, and the most sought after Tier-II city when it comes to the standard of living. Wide roads, lots of greenery, plenty of job opportunities; and availability of all essential facilities, like schooling, colleges, hospitals, markets, malls, parks, and much more is attracting more and more people to come here and settle in this town.

Ranging from local people and NRI’s, everyone wants a piece of the cake i.e. have at least a flat in this ultra clean city of Chandigarh. Sensing this lucrative opportunity in the rise in demand for residential property, many real estate companies have planned and implemented several projects. You can now choose to buy a 2 bhk, flat, 3 bhk flat, or even go for go for an independent Vila, depending on your pocket.

The most reasonable option for people planning to have a family is a 3 bhk flat. In fact given the rising incomes, and the increasing money power with people, trends reveal that most recent investors in property had preferred to buy 3 bhk flats. In times to come the demand is projected to further rise, and so the corresponding prices of property, therefore, whether your purposes is simply investment, or building a real home, do it before time runs out.

Indian Real Estate Industry Year "2011"

The real estate sector is the one of the sector which affects Indian Economy drastically. As with the increasing population and urbanization the situation is changing day by day. According to government reports there is an estimated shortage of 26.53 million houses during the Eleventh Five Year Plan (2007-12) providing a big investment opportunity to the one associated with   Real Estate sector.

According to a report ‘Emerging trends in Real Estate in Asia Pacific 2011', released by PricewaterhouseCoopers (PwC) and Urban Land Institute (ULI), India is the most feasible investment destination in real estate. The report, which provides an stance on Asia-Pacific real estate investment and development trends, points out that India, in particular Western and Northern part of India are good real estate investment options for 2011. Residential properties maintain their growth momentum and hence are viewed as more promising than other sectors. 
To fulfill this current demand real estate companies are introducing different residential and commercial projects. Even the areas or cities being targeted are Tier-II and Tier-III cities. As if we look at the ongoing projects then we will find that the most of the big leaders of the field are working in regions of Jodhpur, Panipat, Agra, Mohali, Nasik , Jaipur and Baddi.The growth in these cities are basically due to increasing demand and affordable Land prices in comparison to Delhi, Mumbai or Kolkata. Also the resources are available at affordable prices.

According to the statistics released by the Department of Industrial Policy and Promotion (DIPP), housing and real estate sector including Cineplex, multiplex, integrated townships and commercial complexes etc, attracted a cumulative foreign direct investment (FDI) worth US$ 9,405 million from April 2000 to January 2011 in which the sector witnessed FDI amounting US$ 1,048 million during April-January 2010-11.