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Gurgaon Residential Property Rates – The Latest Trend

admin — Sun, 02 Oct 2011 15:09:12 +0000

The latest trend in Gurgaon property rates shows an upswing in the residential property rates. Since the onset of the slump in the property market over the last couple of years, the real estate prices in this region has undergone a downward trend. But now the slump has shown signs of tapering off and the real estate market is back in the saddle. The average prices prevailing in the main centres of the city are like this: DLF Phase V, apartments Rs.2500 to 7000 per square feet, builder flats 6500 to 7500 and plots 50000 to 65000. These figures were approximately 5% to 10% less about 6 months ago. In the South City, apartment rate per square feet is from 3520 to 8000, builder flats 3000 to 5000 and plots 10000 to 25000. This price trend was approximately 10% less about 6 months ago.

The upward trend of the residential Gurgaon properties could be further evidenced by an analysis of the average price prevailing in other prominent locations of the metro centre. In Sushant Lok III, the apartment rate is on an average from 2000 to 3500, builder flats 2800 to 5000 and plots 25000 to 55000. Approximately one year back, these properties were available at about 10% to 15% less than these prices. Again, on the Sohna Road location, apartment 200 to 3500, builder flats 3200 to 4000 and plots 20000 to 40000. Last year December, these properties were available at 8% to 15% less than these prices. In the Palam Vihar area, apartment 3200 to 3500, builder flats 2500 50 4000 and plots from 30000 to 35000. About six months ago these were about 10% to 12% less than these figures. Further in the HUDA 2 locality, apartment 3000 to 6000, builder flats 2500 to 4000 and plots 20000 to 40000.

As aforesaid, the latest residential Gurgaon Properties rates show an upward trend. Not only prices, but rental rates also show an increase now. In the DLF Phase V, apartments admeasuring around 2000 to 25000 square feet have an average rent of 25000 to 65000 per month and builder floors from 17000 to 25000. In the South City area is around 10000 to 25000 and 15000 to 20000 respectively. The same kind of properties in the Sohana Road region has rent from 13000 to 18000 and 11000 to 17000 respectively. These figures were about 10% to 15% less about one year ago. Apart from the waning effect of the slump, the recent sophistication in transportation infrastructure has as added a new dimension to the property appreciation in this stretch.

Residential Architecture And Your Residential Architect

admin — Sat, 23 Jul 2011 12:56:02 +0000

Architecture is a unique skill that is used to design beautiful buildings, taking into account every aspect that is required for the completion and the final touches of each building. Within this discipline, residential architecture is the art of designing residential homes for people to live in. However, some residential architects could be quite expensive and very high in demand, depending on the type of residential house or flat you wish you get designed. On the other hand, trying to design and build a home without the help of an architect may not be the right idea considering the safety and functionality of the home.

Residential architects provide you the distinctive and innovative ideas so your home would be unique in design and style, it would also be strong enough to last for many decades of time. A home should be safe and functional while being innovative and unique. The floor plans, outlets and interior decor should be meticulously planned and placed to have a perfect looking and functional home. This is the entire responsibility of skilled residential architects. However, each client has a different requirement in mind when planning to build a residential home.

There are two types of residential architects, one being those who work with single clients who are interested in building a unique house while others focus on big projects like designing and planning apartment complexes, planned developments or townhouses. Such residential architecture planning sometimes would focus on replicas of earlier era architecture, green designing etc. In certain cases, it may just be a renovation of old homes to make them contemporary with modern amenities etc. Each division of architecture requires different abilities and skills. A good architect should be able to satisfy every client’s requirement with the best skills of architecture.

The aspects that residential architecture and residential architects include in their designing of homes apart from renovation, or building small or big houses, apartment complexes etc. are also designing lake cabins, prairie homes, log homes, country cottages and more. The trend of today’s residential architecture is eco-friendly buildings that are functional, elegant, unique, topographic and designed especially to suit the aesthetic sensibility of the client.

Residential or Commercial – Which is Better Property Investment in Gurgaon?

admin — Tue, 24 May 2011 11:32:16 +0000

“Which is better investment in Gurgaon properties, residential or commercial?” Being a property consultant in the region, I have been confronting this query from the chunk of my clientele. Often it may leave you in perplexity as it happened when my boyhood pal Simon quizzed me the other day during his visit of me at my residence at DLF Phase IV. This conundrum kept my confused and my chubby chum was bemused. Well, it is a medley of varying factors that determine which property is better. In a primary residential locale, say DLF I or II, the scope for a luxury residential unit is better than a commercial one. On the other hand, in the prime commercial location of the city, residential premises are less attractive. This is a locality-wise parameter. There are also other deciding factors to be reckoned with while selecting property units in Gurgaon.

While you consider whether residential or commercial is better property investment in Gurgaon, time factor also is to be considered. For instance, during the recent recession and the resultant slump in the Gurgaon real estate market, commercial properties in the city were in a downward trend. Also, luxury apartment and villas also had less demand during the period. But middle and lower level residential units did not show much fluctuation in price. Also, it is estimated that in the coming years there will be a higher demand for middle-income-level residential units. This is due to the better pay-scale in the Government sector and a growing corporate sector in the region. Further, non-resident Indians who have been working in the Middle East return in big numbers due to the fall out of recession.

Thus the analysis as to whether residential or commercial property in Gurgaon,is the better investment,would reveal that both commercial and residential properties are good investment options in the region. It is a matter of time and locality that determine which is better at a particular place and time. Further, the city is in a great expansion phase and new areas have been acquired and are under development. In the new locations, the prospective investor should make intelligent assessments as to the spots where landmark developments would take place and make investments accordingly. For example, if there is provision for a public transport terminal or any point where regular public gathering is expected, investment in suitable commercial units will be ideal. Similarly, in the suburban sector investment in residential sector for villas and club houses would be more viable than investment in commercial projects.

Commercial Real Estate Versus Residential Real Estate Investing

admin — Wed, 23 Mar 2011 03:54:12 +0000

There are numerous ways to invest in real estate. You can rent, flip, or fix. There are condos, homes, apartments, land, and buildings to invest in. The options are limitless.

There is, however, a great divide some investors have a hard time deciding on, residential versus commercial investing.

Residential property is perhaps most commonly what comes to mind when thinking of real estate investing. In general, residential property is a living space. This can include apartments, duplexes, homes, and condominiums.

Commercial property, on the other hand, plays home to businesses in the form of office space, retail space and other industrial type tenants.

When considering which type of investing is best for you, there are a few questions to ask. Most of us have experience in residential dwellings. After all, we grew up in homes.

You have a set of expectations for your residential rental property. You know how you anticipate it to be cared for and what assumptions you want to see in your tenants. Commercial property is a little different. We haven’t all necessarily rented or owned commercial property.

What is unique about commercial property is the landlord often hands the property over to the tenant and has very little to do with it after that point. You basically have to trust in your tenant. Plus, unless you have business experience, you probably aren’t familiar with the guidelines and assumptions of commercial property leasing.

With all of that said, let’s look at what benefits and disadvantages come with investing in residential property.

1)In general, it is easier to rent residential property then commercial property. People always need a place to live. Businesses, however, come and go dependent on the market.

2)Financing residential property tends to be easier then purchasing commercial property.

3)If needed, you could actually live in one of your rental properties.

4)Residential property is usually less expensive then commercial.

5)Residential property can require your immediate attention when problems arise. Problems can come at any hour on any day unlike the traditional 9 to 5 business that rents commercial property.

6)As a residential landlord, you usually have to perform a lot of hands-on management.

7)If you have a single residential piece of property and you lose a tenant, you just lost all your income for that particular property until you can replace the tenant. This can cause cash flow problems.

Commercial property also has is pluses and minuses.

1)A nice thing about commercial property is the leases tend to be considerably longer then that of residential property. Where a residential tenant might sign a year lease agreement, commercial tenants usually stick around for five or so years.

2)Unlike residential, commercial property requires less management. Depending on your personality, this may or may not be desirable to you.

3)Commercial investing isn’t as beginner friendly as residential. Start-up costs can far exceed that of simply purchasing a home. Even worse, if can be harder for beginner investors to secure a loan for commercial property.

4)Finding a tenant for you commercial property can be a lot harder then securing one for your residential property.

Is a Residential Cleaning Franchise Right for Me?

admin — Thu, 17 Mar 2011 13:08:58 +0000

If there’s one thing that people like to put off, it’s cleaning the house. As life gets more hectic around the United States, and weekends become filled with entertainment activities, house cleaning often goes by the wayside. That’s why residential cleaning franchises are one of the best ways you can start a successful business in an in-demand niche. Residential cleaning services are something that more and more people are looking to buy. With this type of business, you’ll be able to fill a growing need in the marketplace and have the professional image that comes with being a franchise owner.

Residential cleaning franchises are a smart business move, whether you choose a traditional maid service franchise or opt for one of the unique and cutting-edge residential cleaning businesses, you’ll have the ability to offer a service that is in-demand no matter where you are located.

Residential cleaning businesses are experiencing a period of growth. U.S. Consumers spend more than million on residential cleaning and that figure is growing at a steady 20% increase each year. With a residential cleaning franchise, you’ll be able provide a valuable service that customers come to time and time again. The vast majority (70%) of house cleaning customers get bi-weekly services. In addition to recurring monthly income, residential cleaning franchises also offer flexible hours and, in some cases, a variety of services to offer your customers.

Since 1988, CottageCare has been equipping entrepreneurs with the tools for success in a residential cleaning business. With this company as your partner in business, you won’t have to worry about scrambling to find new customers. CottageCare implements an advanced direct-mail marketing campaign to boost your business. New customers are routed to the central telephone sign-up department, so you don’t have to worry about answering phones eighty hours a week. The investment to start a CottageCare business is just under 0,000.

Maid to Perfection is a residential cleaning franchise that will give you flexible hours and a variety of services to offer your customers. This residential cleaning business offers training in traditional housekeeping, floor care and carpet cleaning. With Maid to Perfection, customers just have to make one call to receive everything they need to take care of their home. This residential cleaning franchise has a low investment level and low start-up capital requirements. With individual attention and customization of your business plan, Maid to Perfection makes sure that you succeed.

Residential cleaning franchises aren’t just limited to housekeeping. Mr. Window cleaning is a residential cleaning business that offers services in something that most everyone needs. Window cleaning is a pain for most homeowners and you can capitalize on this annoyance with this residential cleaning franchise. Mr. Window has been around since 1993 and has become an industry leader in the window-cleaning arena. By becoming a franchisee with Mr. Window you’ll be getting in on the ground floor of the burgeoning business niche.

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