Growing Trends of Real Estate Investments in Chennai

India is the country with high economic prospects and possibilities. Among various metropolitan cities of India, “Chennai” which was also known by the name of “Madras” until 1996 can be considered as the fourth largest city among the entire metropolitan city all over the India. It is exactly located on the coast of Coromandel and also known as the capital city of Tamil Nadu. As the overall industrial activities and economy of the place are growing with rapid succession, a large number of people is migrating in the Chennai from various areas of India as well as Tamil Nadu. Demography shows that PGR or population growth rate of the place is about 7.77%. And the very place has a connection with quadrilateral system highways where the metro project is known as” CMRL” is also in construction process with the link in different cities. The economy of Chennai is very well balanced as there is a steady balance between service sectors and manufacturing with diversification in software, automobiles, healthcare, automobiles, financial sectors, and hardware manufacturing industries etc. Likewise, infrastructure projects are going very well with rapid progress. Real estate in Chennai has bright future comparatively properties in Ahmedabad and another tier 2 cities.

Real Estate Investments in Chennai

Residential properties in Chennai are progressing rapidly and evoke around 7% price appreciation every year. There has been massive growth in price supply as well. There are some peripheral parts such as properties in GST, OMR, Maraimalai Nagar with rapid progression. Likewise, other areas like Rajiv Gandhi Sala, Guindy, Velachery, and Paramania supposed to possess large demand for large residential supply as there is the lack of residential lands in central parts of the city. It has been observed that there are about 45,162 properties which are for sale and distributed around 17 % commercial, 80% residential and rest 3% goes for retail. There are other rental commercial areas like Nungambakkam, T Nagar, and Anna Nagar. These micro markets have rent ranging from ninety rupees to hundred fifteen rupees per square feet. In Ambattapur, price per square feet is 4210 inQ3-2013and high rent of nine and low often. Likewise, the price for Adambakkam is 5910 and rent are eleven for high and 14 for low. Advani has the price of 12330 with low rent of 30 and high rent of 24. Similarly, Anna Nagar has the price of 9080 with rent of nine and sixty-four each for low and high. Charges are set by the government with property registration charges and electricity or water supply charges. There is stamp duty about seven percent. And one percent charge of property rate. Agreement value for VAT is seven percent whereas service charge is three percent. Electricity charges can be defined according to units. There is no any doubt that real estate is doing wonderful progress and all kinds of commercial, residential and retail markets are growing with progress. Not only that, it has been promising splendid and productive results in upcoming days. It has proved to be one of the most popular trade centers of India. Educational institutes or universities are spreading widely. Some of the major real estates of Chennai are Amir castle, Srivari Villas, RC Houston, Green City Extension, Asthma Abhinav, Green Meadows(GVSPL), Akshaya, Maya apartment, Mathru Krupa, KVR Anandham, Maurya apartment, Sri Shakti apartment, Mahalakshmi Apartments, loyal nest, Sri Suprabatham etc.

How to be Successful in Real Estate Business

The real estate business is no doubt very challenging and money fetching but it involves a lot of risks too. It is the efficiency of the real estate agent to prove himself in the market when it is full of so many competitors in the market. It is very important to reach the customer and satisfy them. So it becomes essential to have good communication skills. Studying at Northeastern University you can get the best communication skills you always wanted to have.

real estate business

 The buyers today are very clever and informative hence need to understand their needs and meet the level of satisfaction is the duty of any real estate agent or firm. It is very important to win the trust of the customers by providing the best quality product keeping in view their interest and financial status. There are few following successful steps to build positive and result from giving relations with the customers:-

Advertisement: –    Make use of social media and print media to reach your customers. You can also arrange seminars to gather potential buyers of your property by this you not only know about your clients but also give them chance to know about you as well. These types of seminars help to bring a better understanding of your listing and act as a bond of trust. This face to face talk gives you chance to explain your all projects and give real pictures of your listings.

Make yourself Unique; – In the competitive market of today you got to stand out from your competitor, then only you can hope the customer to prefer you over others. You got to think of methods to make your customers to come back to you. Must keep your database up to date with recent information and let your customers have the quality experience with you.

Gifts and Incentives: – Customers prefer to have incentives and gifts, try and give them a deal which is beyond their expectation and unique from your competitors. You must assure them that you fulfill your promise made to them.

Innovation and changes: – It is a very important to point to take care of changes are the continuing processes in any business one should not sit back and relax. Thinking process and innovation should be part of your business to meet the expectations of your customers. Continue survey of the market is must understand the behavior of customers and simply the changes in your business to attract customers.

Take help of real estate agents; – It is rightly said producing an item is easier than selling it, so if needed do not hesitate to take the help of experienced agents to dispose of your property. By doing this you not only get better buyers but also save your time to concentrate on your other projects or business. These agents are full of tricks to attract customers.

Last but not the least is the reputation of the firm which matters a lot and one must take care to meet the promises made to the customers whether it is delivering the project on time and the quality of the product. This way you not only built the trust but also your customers act as ambassadors for your future business

Read The Best Tips And Tricks About Real Estate Investing Your Peers Have To Offer

It’s not that easy to get into real estate if you don’t have some great information before you at first. This article will help you make decisions that you money. Read on and learn all that you can about investing before jumping in.

You should decide early on about what types of real estate you want to invest in prior to beginning your adventure. You might find flipping is just your style.

Find people that are in this business and learn from them. There are a lot of people out there that invest in real estate. There are probably many groups focusing solely on this subject. If you cannot find a location near you, there are groups online that serve the same purpose. Join and learn all that you can.

Dedicate a set quantity of time to learning what you need to know as well as running your business. You must budget your time spent on other activities in order to make more money over the long haul. Ditch the poker night or softball league that you have more time to hone your investing skills.

Stick to a niche you feel comfortable dealing with. You can have much more success by focusing your market niche. Whether you specialize in flipping homes, only working with starters, or dealing in properties that cost low in the down payment department, stick with the things you are familiar with.

There are two things to take into consideration when entering the industrial or commercial property. You don’t want to pay too much for the square footage. Do not spend too much for the business either.Both numbers should be what you to buy this property.

With all of these great tips, you’re now a step closer to getting into investing! In order to get good results, you should take the time to learn about it. If you are ready, you should start investing now to see results as soon as you can.

Solid Real Estate Investing Tips And Tricks

Knowledge is so important when it comes to investing in real estate. This article offers useful insights about launching a real estate investments.

You need to decide the type of investments you want to invest in prior to beginning your adventure. You might find that real estate flipping ideal for you.

Be sure that you spend a long while dealing with the endeavor to really understand it. You might have to curtail your time wisely if you want to make more money over the long haul. Ditch poker night or softball league that you have more time to hone your investing skills.

There are a couple of things to look for when purchasing property. You don’t want to make sure that you get a fair deal on the square footage. Do not pay too much money on the business itself. You need to see good numbers in order for you to make the decision to buy.

This will get you started in a good investment. There is little worse than needing to cover the mortgage yourself because the renter’s payment cannot cover it.

Don’t spend your money on real estate with doing the field first. Errors in this field can generate some major losses if you don’t watch out.

Take the entire neighborhood before investing in property there. Neighborhoods where people want to live tend to hold or even rise in value over time, while a depressed neighborhood could bring you very low returns. Location is always be the key determinant for a property’s value.

If you buy a home and plan to rent it, carefully check out each potential tenant. The person will need to be able to pay both the first months rent and a deposit. If they can’t get their money together at this time, they are likely to have problems paying rent too. Keep looking for a better tenets.

It is wise that you have decided to learn more about investing in real estate. You must make sure you’re not going about this investing the wrong way. Learn the strategies that industry professionals use and you will be flourishing in no time.

A Few Pieces Of Real Estate Investing Advice

As an investor, the moves you make are like chess moves not checkers. A bad mistake can cost you all of the profits that you make.This article can help you minimize the chance of making a bad mistake.

You want to be educated concerning real estate prior to investing.This is something you build your foundation of knowledge. Read more information in books and watch seminars and videos on real estate investing so you on the topic.

Real Estate

You need to decide the type of real estate you will make before purchasing your adventure. You might decide that you like flipping real estate flipping.

Never invest your money in a property that has not been inspected by an independent or third-party professional. Sellers may be using someone who will favor them.Always get your inspection from someone that you personally trust.

Be certain you spend enough time on the business and also learning about how it works. You might have to reduce activities in order to make more money over the long haul. Ditch the poker night or another guilty pleasure so you have more time to hone your investing skills.

Stick to a niche you are comfortable dealing with. You will find more success by sticking to a particular market sector. Whether you are flipping houses, purchase a rental property or buy foreclosure, you should buy what you know.

Do not neglect to consider the various sunk costs that come with buying a property. You have to pay lawyers, closing costs, along with other costs depending on the property. Consider all costs when you work on your margin.

Real Estate

Get to know other people who invest in real estate market. It’s important to reach out to others and get advice from those more experienced than you. A couple of acquaintances that know real estate investment can help you out. You can find a community of investors on the Internet. Join a few forums and make an effort to meet some of the users.

If you are familiar with excellent strategies for real estate investing, you will find the task much simpler. It becomes hard if you don’t know what you are doing. Follow the tips presented here, continue studying this ever-changing market, and you will soon have a strong and diverse real estate portfolio.