Consider Useful Tips for Buying Property in Dubai

Dubai is now considered as a hot spot for real estate investment.
Just because of booming industry of Dubai real estate there are around
$42.5 billion worth of ventures under construction catering to nearly 15
million customers.

Not only this city welcomes its visitors with
residential real estate options in Dubai but this city has now become a
business hub for world’s famous companies. This only happen just because
of government of Dubai that has legally permitted to foreigners real
estate investors to visit this city and make long term profitable
investment in Dubai real estate market. This positive step of Dubai’s
government also has increased the trust and respect of the buyers.

More
than 100000 people are immigrating to Dubai every year and the market
prices are surging sky high. But it is not for nothing. Dubai is the
‘City of the Future’. The main players of Dubai real estate sector like
Nakheel, Emaar and Aldar also believe that the future will be very
bright for them. So, if you are a property lover or real estate
investor, this is a best time to grab a property in Dubai as your future
investment.

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What You Need To Know About Singapore Condominium

Singapore condominium commonly known as condo is a multiple projects where individual units get sold. Buying a condominium unit means owning everything between the bars of that particular unit. However, you share the ownership of other common properties such as club house, elevators, swimming pool, tennis courts, gymnasium and other joint facilities with other owners of condominium.

In the recent years, many people are adopting the condominium way of owning a house. However, Singapore condominiums differ according to the market segments. Different people have different taste and also the financial abilities of buyers; fact well known by the investors.
There are the ordinary condominiums mainly situated in the suburban places but have good communal services. Such condominiums normally have average pricing to enable many buyers who wish to change from public to private housing. Under this group, there is another set of condos known as Executive Condominiums (EC). This is a combination of private and public housing which was created by Singapore government. These condominiums have a lower price compared to private ones in order to enable many people and especially the young professionals aspiring to own a house but find the price too high. However, there are some rules governing the Executive condominiums which include a minimum of five year occupancy duration by the occupant before being permitted to resell.
The other one is middle class Singapore condominiums. Basically, these are situated close to city fringes and other areas such as Tanjong Thu and Newton Novena. They are very popular because they are located close to middle of the city where entertainment and business hubs are. In addition, they have various types of themes which attract successful yuppies and professionals.

Finally, there comes the luxury category of condominiums which cater for people with good financial status. These types of condominiums are situated in the major districts such as Sentosa, Orchard Road and Keppel Bay. They are for people who do not only desire to own a home, but those with exclusive lifestyle which fits their status.

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What an Owner of The Property Considers Before Letting it Out

Those among us who are close to the real estate industry know it
very well about the incidents and some fraudulent cases that are
repeatedly reported. This informs the uninformed about the booby traps
that this industry holds. So it means selling and purchasing a property
is not as easy as falling of a log. It requires careful consideration in
each and every step that leads to the completion of the transaction. In
case of renting property out to others, the process of entering into
the contract or agreement of tenancy is not difficult though. However
the problems arise later on. While in case of transfer of property, the
process is difficult but as soon as the transaction is completed, there
is nothing complicated arise afterwards.

In order to rent property in Dubai the owner of the
property is usually concerned with a small number of questions. The
owner is mostly concerned with the number of family members of the
tenant. This is necessary and imperative especially in cases where the
property consists of apartments which mean that only a limited number of
persons are required to settle in. however in case of rentals of
bungalows the number of family members of tenant may increase. The
owner, after getting satisfaction in respect of the number of households
of the tenant, goes a step further and asks about the willingness of
the tenant to submit the deposit. The amount of deposit is refundable at
the time when a tenant vacates the house. This deposit amount is
actually a sum of twelve months of rent and submitted before the tenant
takes possession of the property.

Dubai properties sell like hot
cakes provided that you take care of the property and every now and
then spend some bucks in the maintenance and focus towards upgrading it.
Usually these facts are ignored by the owner especially in case where
the sole intention of the owner is to find a good tenant making rental
payments on time. The owner also wants its tenant to occupy the property
on long term basis. In case of commercial properties, the owner is
mostly concerned with letting it out to some multinational companies.

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The Real Estate Market Of Rohini

After a lot of research Jyoti, 32, and Ramesh Aggarwal, 36, have decided to purchase a two-bedroom, 1,000 sq ft apartment in a society complex in Sector 9, Rohini for Rs 38 lakh. Not only did they compare prices in their research, they also looked at factors that affect general day-to-day living, such as level of congestion, availability of greenery and open spaces, likelihood of water shortages during summers, and travel time to important destinations. Finally, took a decision and bought an apartment in Rohini.

There are many reasons why one would like to purchase a home in Rohini. And one of the main reasons why anyone would feel attracted to purchase a property in Rohini is because of its connectivity with the metro.

After the Metro became operational, prices have risen by 40-60%, according to a property broker of the area.

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Studio Apartments

COPRES Consortium for Professional Real Estate Solution has recently announced its ambitious project Purple Leaf in Noida Extension. Purple Leaf would comprise fully furnished studio apartments equipped with everything required for a comfortable living. Purple leaf is deemed to be an ideal choice for those looking for a second living space in the town or to pursue a hobby. Besides, these affordable apartments in the Delhi-NCR region are also an ideal choice for those who find it difficult to invest for a high-end apartment.

Purple Leaf has all ultra-modern and state-of-the-art facilities and amenities for an elegant lifestyle. Beyond the fully furnished apartment and stylish interiors, Vitrified tiles in drawing/dining and kitchen. Anti skid ceramic tiles in toilets and balcony. Laminated wooden flooring in bedroom. these luxurious studio apartments also boast of amenities like an 24X7 power back-up, exclusive clubhouse, swimming pool, a lush green landscape, facilities for outdoor games, shopping complex and other recreational arrangements. Located in the Noida Extension (Greater Noida), Purple Leaf gives the privilege of living in a pollution-free city with contemporary, efficient and comprehensive infrastructure in the proximity of the country’s capital city.

Speaking on the launch of Purple Leaf, Mr. Rajesh Goyal, CEO, COPRES said, At a time when the property in Delhi-NCR region has sky-scraping rates, we are happy to announce our project that offers affordable studio apartments in this region. We expect Purple Leaf to be well received by the people especially Corporates looking for living space for their guests, newly weds looking for a dream home and professionals like artists, writers, painters, engineers, architects, designers, thinkers and planners presenting them ideal privacy and environment to create quality work.

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Delhi Property – 16th Most Expensive Real Estate Market Of The World

Delhi, the capital of India, has been the real hotspot in the real estate industry in the country. In recent years, Delhi property market is growing at a phenomenal rate due to great improvement in the transport system, expansion plan of 65 km- long Delhi Metro Rail and the commencement of 2010 Commonwealth Games in the capital. A real estate consultancy has rated recently New Delhi as the 16th most expensive real estate market of the world and the costliest retail destination in India. The demand for real estate development is expected to remain robust across Delhi property market due to huge demand from IT/ITES sector.

Residential Real estate
Delhi residential real estate market segment is growing exponentially because of huge demand for housing from IT/ITES and foreign diplomats. South Delhi is the most happening residential place in Delhi property market and the rental values of residential properties like the flats, villas and duplex houses are extremely at higher end.

Commercial Real Estate
The leading retail brands in Delhi property estate market has generated huge demand for commercial space in the city because of its large format retailing and burgeoning demand from IT/ITES segment as well.

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Tips On How To Avoid Foreclosure

Foreclosure occurs when you fail to make your payments and the
mortgage company takes legal action to repossess your home or property.
Mortgage foreclosure may take place if a homeowner, who has taken out a
loan, defaults on the mortgage payments. Through the process of mortgage
foreclosure, the lender company can take possession of the defaulted
home. In case the value of the home is less than the mortgaged amount,
the borrower may have to face the ‘deficiency judgment’ to pay the
balance amount. Mortgage foreclosure also has a negative impact on the
homeowner’s credit score.

Even though you may be facing mortgage
foreclosure does not mean you have to lose the house. There are many
ways to stop foreclosure when you are faced with mortgage foreclosure on
your home. Some ways to avoid foreclosures include forbearance, loan
modification, mortgage refinancing, sale of the property, etc.

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