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Explosive Profits by Establishing the Value of Real Estate

You've located the property that you are potentially interested in purchasing, have looked at it, and determined that it meets your basic investing goals. Before you pat yourself on the back for a job well done, you need to establish its value to avoid potential financial disaster. If you take the word of the seller or the county tax rolls to establish its value, you could lose your shirt, especially in a real estate market that has seen values drop by tens of thousands of dollars within a matter of months.

Depending upon the kind of investor you are you'll utilize one of the three methods of establishing the value of a property. They are:

Comparable Sales – If you're investing in primarily single-family or multifamily properties with fewer than five units, by far the most popular method of establishing value is the comparable sales method. This method consists of locating recently sold properties that are substantially similar to the one you are considering purchasing and are located in the same general vicinity. A skilled appraiser typically has many years of experience in determining value, but you can do the same thing either by going to your county courthouse and compiling the information yourself or by working with a realtor who might be willing to provide these figures to you. You can also get a rough estimate of values in many areas by utilizing an on-line resource such as Zillow.com. Once you have your comparable sales figures you’ll need to compensate for any differences, such as the lack of a garage, fireplace, or even a swimming pool. In order to compensate for the differences in square footage of your subject properties, you can divide the sales prices by the square footage of living space to come up with a cost per square foot.

Replacement Cost – While not nearly as popular as the Comparable Sales method, another way of determining the value of a property is by estimating what it would cost to re-create the same property in the same area. You would need to determine building costs, the cost of materials, and also make allowances for depreciation of the property so that it is substantially similar to the property you are considering purchasing. If you're experienced at estimating building costs accurately and are aware of the current cost of building materials and supplies, the replacement cost method may be one which you will want to utilize. However, it isn't utilized very frequently. If the Replacement Cost method is one that you'd like to use to determine value, you could very quickly arrive at a figure by contacting a local contractor and asking them how much they would charge you by the square foot to build a home in the area of your subject property. Don’t forget to factor in depreciation to match the condition of your subject property.

Income Valuation Method – The third method of determining the value of a property is to use the Income Valuation Method, sometimes referred to as the Net Income Approach. This method is used to determine the market value of a commercial property or a residential property with more than five units. It’s a relatively simple process. First, determine what the gross income is for the property and then subtract all expenses, including debt service on an annualized basis. Multiply that figure by a factor of ten. The resulting number is about what your property is worth. What’s nice about this sort of property is you can increase its value simply by increasing its net income, reducing operating expenses, or both.

Once you’re able to determine the value of a property you can write an intelligent offer that doesn’t cause you to run the risk of overpaying for a property. Remember, though, that real estate prices are extremely volatile right now, so make sure any properties you use for comparative purposes are recent sales figures. If you have accurate numbers, you can write impactful, precise bids that stand a greater chance of being accepted and allowing you to turn average returns into explosive profits.

TATA Victoria Raisina Residency Sector-59 Golf Course Ext. Road Gurgaon

Residential prices subdued across major cities in India

Have real estate prices across major cities in Indian reached subdued levels? Experts believe that prices in Delhi NCR, Mumbai and Chennai have either witnessed a slowdown or have remain unchanged. The affordable category, primarily the sub Rs 20 lakh budget range is performing much better across major cities in India in comparison with the Rs 50 lakh budget range and above, claim industry sources.

According to aurumestates.com, the searches on the site under the Rs 25 lakh budget category is the maximum, standing at 41 per cent during the July to December 2012 period. Second most popular category is Rs 25-50 lakh budget range, with 29 per cent users searching in this type. The Rs 50-75 lakh budget range came in third in the search statistics, as per the site.

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Vivin Samuel Mathew, Regional Business Head - Western Region of VBHC says, “The primary reasons for the slowdown are strict monetary regulations due to high inflation, RBI not releasing funds easily making home loans difficult to get by and property prices reaching peak levels as the market has performed well in the last 2 years.”

Top Observations

• Affordable segment performing much better compared to Rs 50 lakh above budget range

• Weak consumer sentiments due to stricter financing, high inflation and impending elections

• Smaller ticket size buyers are more compared to larger ticket sizes

• Suburbs are proving to be the high investment zones compared to city areas

• Increase in raw material cost, labour and transportation costs is converting into higher price for residential projects

There has been a 20-40 per cent slowdown in transactions in the past 2 months in the Chennai and Mumbai market, Mathew added. From affordability point of view, the market is still better but the housing above Rs 50 lakh budget range is taking a hit.

In the case of Delhi, price levels across Delhi/NCR have remained stable, but the rate of increase might not have been as high as last year. Transactions too have witnessed a slowdown as compared to last year, says Harinder Dhillon Senior Vice President (Sales & Marketing) of Raheja Developers.

Niraj Agrawal of Niraj Estates points out that in Mumbai, only western suburbs like Bandra, Khar, Santacruz and Thane, Palghar and Vasind (outside Mumbai city limits) remain unaffected because of the economic slowdown. Areas like Lower Parel, Powai, Malad and Andheri have seen subdued price levels as there is an abundance of supply and no matching demand.

Since the last two years have been good in terms of prices and transactions, this financial year is likely to bear the brunt of the high that the market has enjoyed in the form of a slowdown.

Aurum Estates offers every solution that comes within the ambit of real estate business: sale& purchase, relocation, real estate investments, real estate consultancy and management.We believe in offering a solution that works and an investment decision that changes the lives of our customer.


Contact Us     
Vijay Chawla
Aurum Estates
Shop No 1 Main Sohna Road
Opposite Uniworld Garden,
Adjoining indian oil petrol pump,
Sohna Road Gurgaon
(Haryana) 122018 India
Tel : +91 124 3295123
Mob : +91 9811210388, 9999997969
Fax : +91 124 2217833
Email : vijay@aurumestates.com
Website : http://www.aurumestates.com

love and affection between brother and Sisters!

It symbolizes sacred relationship between sister and brother in which sisters pray from god for the good health and wealth of her brother. As the name suggest, Raksha means protection while Bandhan means Bond.

On this auspicious day sisters tie sacred thread called RAKHI on the wrist of brother and performs aarati. In return, brother gives gifts to his sister. Earlier it used to be between real brother’s and sister’s, but this festival has evolved too much that now girl loving any boy as brother figure ties a sacred thread as a sisterhood.

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Sister’s wear new cloths buy rakhi from stores and buy sweets and chocolates for her brother. Whereas brother’s especially buy gifts for sister just as a return gesture.

Sister’s staying away from their brother’s or ladies who can’t go to the brother’s place usually buy rakhi online from livinggifts and send it along with sweets to his brother by booking online. This is quite convenient to buy from the website online and sending it to brother, whereas, brother’s can buy gifts online for his sister and send gifts to her through website.

For more information visit : http://livinggifts.co.in

Raksha Bandhan – to commemorate eternal love and affection between brother and Sisters!

We all know that India is indeed a land of festivals with rich cultural heritage and religious sentiments associated with each festival. Round the year, we have some special days also in calendar to commemorate love and affection between friends, relatives, brother, sisters, mother, father etc. The real beginning of actual festive season is with a festival largely celebrated in Northern India, to highlight eternal relation between brothers and sisters. Yes, you are right!! Raksha Bandhan - an occasion to kick start actual Indian Festive Season that begins in August and Last till February.

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Raksha Bandhan, (the bond of protection) or Rakhi is a Hindu festival primarily observed in India, Mauritius and Nepal, which celebrates the relationship between brothers (shaurya), cousins and sisters (shreya). It is also called Rakhi Purnima in most of India. It is also celebrated in some parts of Pakistan. The festival is observed by Hindus, Jains, and some Sikhs.

Raksha Bandhan festival stands for brothers pledges to be responsible towards family especially sisters, to be with them for whole life, and where girl pray for well being of their brothers. It is not just a day to highlight brotherhood and sisterhood but a day to reflect few relations are from the day one you stepped into this world, and how important they are to reflect togetherness. Beyond, the strong message associated with Raksha Bandhan festival, it is celebrated with great joy and fun.

This is one day where sisters ask from their brother unique gifts which they cannot even think to deny. Sister ties holy thread “Rakhi” and pray for well being of brother and in return brother gives a small gesture in the form of gift like Chocolates, Flowers, Gift Hampers, and Jewelry etc. There are unique gifts options available in the market as well as on online stores. Sisters also try to search exclusive Rakhi for their brothers from the market. Nowadays, there are lot many online stores to offer unique gift for Raksha Bandhan like decorated Raksha Bandhan Thalis including colorful diya, mauli, Rakhi and Gift hampers at affordable rates at your doorstep.

Even the companies align emotional touch of their products with this festival.  Famous FMCG Company even gives exclusive Raksha Bandhan Chocolate Gift Hamper. You may get everything online on leading online gift shop “Living Gifts” which offers unique gift options for all festivals and deliver flowers, gifts etc. in India.

For more information visit: http://livinggifts.co.in/index.php?route=information/contact

Dream of your Aspiration

The city of Gurgaon has been emerged as the luxury living destination of India in very sort span of time. It’s offering better prospects not just for the residents but also for the investors. Approximately 70 percent of the buyers of properties in the city are investors and only 30 percent purchase them for their residential use.

A number of factors have enhanced the Gurgaon real estate scenario in the city. The investment in real estate started to yield high returns after 2001 with the advent of DLF, the major real estate company in Gurgaon. Also the city is in proximity to Indira Gandhi International Airport and national highway. Moreover, Metro train has also added to the amenities of the city.

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Gurgaon is the home to some of very posh areas of the nation having premium real estate pieces. Golf Course Road is one of the most attractive property locations in Gurgaon. The greenery of encompassing the city increases its beauty manifolds. Its connectivity to South Delhi through MG Road makes it the best option for the buyers of property in Gurgaon even if they are residing in Delhi. The price of the property in Golf Course Road may range from Rs 10,000 to 12,000 per sq ft.

Property investors in Luxury segment may find many lucrative options in Golf Course extension Road. The prices are a bit lower than Golf Course Road here, they may vary from Rs 8,000 to 10,000. Some very reputed builders and realtors are there with umpteen of finished and ongoing projects. Keeping the day by day increasing return expectancy of the real estate in the area, prices are quite low.

For those who are looking for ready to move residential apartments in Gurgaon Sohna Road may be a very good choice. There are a number of projects which are about to complete in a few months. A number of good developers and builders are operating here with scads of projects. The price here may range from Rs 5,000 to 8,000 sq ft.

Property investors can also have a look on real estate of Gurgaon National Highway 8. The value of this highway can be ascertained by acknowledging the fact that it connects to Delhi and Jaipur. The prices of property on the highway varies from Rs 5,500 to 6,500, for more price information call our team.

Investment in any part of Gurgaon is going to deliver utter returns on investment in future. If you are projecting to invest in Gurgaon real estate market can approach AurumEstates.com team for complete information and professional assistance.

For more information visit http://aurumestates.com.

The Prime Residential Property Location in Gurgaon, The Golf Course Extension Road

The three most sought after locations in Gurgaon are Mehrauli-Gurgaon Road, Sohna Road and Golf Course Road. All of them are fully encompassed with the townships and societies leaving no land for any new projects. So Golf Course Extension Road has emerged as the next best option available to the residential buyers in Gurgaon looking for a home in a good residential area.

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The biggest feature of the road is that it is connected to two prime  roads, i.e. Golf Course Road and Sohna Road. The National Highway 8 can also be accessible directly from the road and the Indira Gandhi International Airport is just on a half hour drive. Soon it will connect to Gurgaon-Faridabad Road also. Moreover, the metro will be along the road in phase II, which will make it as the connectivity hub of Gurgaon. The road is properly connected to all those areas of Gurgaon which are having office hubs.

When it comes to the infrastructure development, it’s still at the initial stage. On the right hand side of the road, there are old sectors which are already having well developed infrastructure. On the left hand side of the road where there are new sectors, a lot has to be done for infrastructure development.

The prices of the apartments in the first part, i.e. from Golf Course Road up to Badshahpur, may vary from Rs 6,000 to 11,000 per sq ft. In the second part, i.e. from Badshahpur to NH 8, the prices varies from Rs 5,000 to 8,000 per sq ft. And when we talk about plots, you will have to pay Rs 1 to 1.10 lakhs per sq yard in the first part and Rs 60,000 to 70,000 in the second part. This difference is due to the infrastructural difference between the two parts.

The area is absolutely a good choice for those who are looking for residential plots in Gurgaon but for investors, it’s too late to invest in the real estate here. The prices have already increased manifolds in a few last years and the scope of growth can be foreseen. Golf Course Extension Road in Gurgaon is the best option for investors in property as well as NRI property investors.

For more information visit http://aurumestates.com

Why to Invest in Gurgaon

Observing growth in property value in the NCR, Gurgaon seems to lead the others due to rapidly growing rates in areas like Dwarka Expressway, National Highway 8, Sohna Road and Golf Course road. The NCR has been the favorite destination of investors for last few years. Some of the areas in this region have witnessed more than 20 percent increase in the market value of the real estate.

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Since 2008, properties near NH-8 have appreciated up to 26 percent while those in Dwarka Expressway have increased up to 25 percent. For example, the projects near NH-8 were introduced with the price range of Rs 2,400 to 2,550 per sq ft which are now being sold at Rs 5000 to 7000 per sq ft. Similarly, properties on Dwarka Expressway were offered in the price range of Rs 2,700 to 3,100 per sq ft in 2008 and the same were offered in the price range of Rs 4,500 to 6,000 in 2012. Thus, investment in the city of Gurgaon is yielding good results.
No other region in the NCR is showing so lucrative real estate increment. The reasons behind this growth are clearly visible. The first reason is that the city offers very good job opportunities. The second reason is that it’s not targeted by the investors only. End-users are also buying properties here. Both these factors keep on generating demand for properties in the city. Moreover, some areas of Gurgaon are considered under master plan 2031. These areas are being developed rapidly to meet the increasing demand of residential properties.
One of the most important reasons of popularity of the city among investors and buyers is the fact that property over there is freehold which may be easily sold at the freer will of the owner. On the other hand, property in Noida is leasehold with too much interference of the local authorities. This factor also goes in the favor of Gurgaon.
For more information visit http://aurumestates.com

An Attractive Option for Gurgaon Properties in Gurgaon

The properties in Gurgaon are now easily available in lesser prices in India. This has happened due to the recession that had come across in the real estate market and affected one and all equally. It was a place with an appreciation in the property before the slump in the market. Due to the market slowdown both the commercial and the residential properties are now available in lesser prices.

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There are a number of property dealers in Gurgaon who are vying on buying the properties and selling them off to the customers at attractive prices. There are various institutional investors who have this interest in investing in the low priced properties. The properties in this place had been getting great value appreciation in the several years due to the period of recession. This happened due to the sophistication of the infrastructure in the region. If you notice the Gurgaon-Delhi expressway, the Delhi-Jaipur national highway, Delhi-Gurgaon metro rail and the proposed Gurgaon city metro rail then you will realize that they all have stood as landmarks in the path of development of this region.

This place rose as a major corporate hub by attracting a number of multinational corporations. So the price of the properties in the real sector shoot up. More recently the growth of real estate in Gurgaon has declined and this has made it as an attractive option for the investors to buy the property at low prices in India.

The properties in gurgaon like the corporate office manesar, Commercial Property Gurgaon, Assured Return Property Gurgaon have become quite viable due to the low prices in India. Earlier for a long period of time properties were considered to be the number one urban center with an appreciation in the real estate value. The properties were at a better appreciation than the national average. But with the economic downturn this trend has turned to the reverse gear. As the properties are available in low prices it has become a great option for the investors to invest in it. It has created a new level of market forces so as to increase the prices. So prudent and savvy investors are required to invest in properties.

The growth in the property prices in Gurgaon is due to the booming IT sector and it also increases the demand of the commercial units that initiates the huge and vast demand for residential properties. You can also take rent in the property like the corporate office manesar, Commercial Property Gurgaon, Assured Return Property Gurgaon and reap benefits.

For more information visit http://www.aurumestates.com/index.php

Where to invest in Gurgaon Properties and why?

Property Dealers in Gurgaon the service provides essential support for the professionals who need to the buy any dream home. Gurgaon is the most attractive property we have now in india. There have been numerous properties for the sale Gurgaon recently as a major centre NCR real-estate for the North India. The cost of properties in gurgaon is not only growing rapidly due to infrastructure spending of government but also the trust of various Multinational businesses.

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The result is ovious the growth in property valuation and good scope of business in Gurgaon. Secured places for young turk of India, The nearby National Capital is just a plus plus point to the growth.

DLF city of the Gurgaon is a major centre for the real estate. There are some Gurgaon properties the dealing completely with properties of the DLF. Another the specific area for the dealers to the work is copyrighted by the Sushant Lok, a colony is luxury residential in Gurgaon and Palam-Vihar is too a residential colony in the Gurgaon. It has recently the gained a great deal in terms of the net present values of the build houses and plots. Interest the generated properties of the Palam Vihar is being sufficiently addressed by Property Dealers in Gurgaon and the Palam Vihar.

Gurgaon city also offers a combine of the properties like the residential home built, group housing apartments, apartments, builder of the independent floors, luxury and lofts stores and condos in the local markets, retail shopping centres in the various area, exhibition halls, industrial sites, office complexes, factories, warehouses and much more are for the sale, buy, rent or the lease through many property dealers in Gurgaon city.

So my vote is for Gurgaon. Where are you looking for?

For more information visit http://www.aurumestates.com/index.php

Invest in Gurgaon Properties For Better Returns

Gurgaon, the multi-millennium city, has long been one of the most favourite destinations of the famous names in the realty sector. All thanks go to the IT and ITeS companies that have made Gurgaon their favourite business hub. Today, Gurgaon properties have seen 30% to 35% hike in all residential, commercial and even business properties. Having a home or a commercial space in Gurgaon is the matter of proud today.
Residential Properties…
You may be surprised with the fact that the average income of Gurgaon inhabitants is higher than persons leaving in Delhi, Noida and Ghaziabad. This is why, they are now demanding world class apartments to boost their lifestyle. Looking at the demand, most upcoming residential properties are offering green landscaping, 24-hour electric supply, a large swimming pool with Jacuzzis, recreational centres, a modern gym, a spa centre, shopping stores and many more things to make life comfortable.

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According to property experts, Gurgaon seems to see a residential property supply explosion by 2015. There are about 55,000 ready flats on the property market today. Gurgoan builders are expecting to launch 6000 more ready flats by end of 2012. The total launch by end of 2015 will be more than 150,000. Out of the total supply, the majority of residential properties are high, which is boasting vicinity to airport and the prospective Delhi metro plans. Property experts believe that 2012 is the right time to invest in Gurgaon properties.

Gradually, the Gurgaon NH-8 is turning as one of the most highly desirable residential properties. There are many well-known builder projects knocking the door of property investors on NH-8. The price of properties is genuine there; it ranges from 19 lacs to up to 40 lacs. The Sohna Road is also emerging as a business hub. There are so many international and national companies want to make Sohna Road their main business centre. Residential projects are also going on there and are cheaper than NH-8 Gurgaon Expressway.

Serviced Apartments...
Gurgaon properties have seen a tremendous hike in serviced apartments. The IT and ITeS companies in Gurgaon are considered to be the main reason behind the increasing trend of serviced apartments. Some top notch real estate companies are also expected as the primary players in this segment in Gurgaon.

According to a famous builder, “The demand for serviced apartments is more than 700 units in Gurgaon itself and is rapidly increasing.”
Some real estate companies that have no history of serviced apartments so far are also planning to jump into this business. Sector 68 and sector 114 of Sohna Road are targeting for these types of apartments. Builders have found Sohna Road a major destination for the rise of this segment because the place is emerging as the next commercial hub for companies like Wipro, IBM and TCS.

So, it’s time to invest in both commercial and residential properties in Gurgaon. No wonder, it will give you more profit than gold. You can consider yourself as the proud owner of a property in the Delhi NCR’s.

For More Detail Visit http://www.aurumestates.com/index.php