Sahara investing 300 crores in Kochi

Sahara Real Estate is investing 300 crores in Kochi. There is a demand for 100,000 quality flats in Kochi alone.

The flats of Sahara will be priced between 36 and 80 lakhs. 14.72 acres have been taken along the Kakanad Airport_Seaport Road.

Infy is investing 525 crores in Kerala and Jaipur, to develop a 20,000 seater. TCS is investing 900 crores and Wipro 600 crores. So there will be a realty boom, wherever these investing are going.

Are Real Estate Auctions Right for you

- By: Jow Mack, 2008-03-25

The lenders unwillingness to adjust the prices on their properties is affecting us greatly. We are getting consumed by all the vacant homes.

A significant number of banks out there won't even respond to our fair offers. I understand that they are taking huge losses but its not our problem.

The banks are becoming very creative with their advertising. They are offering great rates and many other interesting things. They are starting to utilizing auctions today on their foreclosures a lot more.

Auctions have always been a very popular way to sell. The boundary's are pretty much limitless. If you have anything to sell an auction can be used.

The simplistic nature of an auction is it's greatest attribute. They are so simple to setup and finish that you could almost turn your head and it will be over. Just like that you have missed that item you wanted to bid on.

Everyday I drive through my neighborhood I see more and more auction signs popping up. I assuming that the lenders are trying to get a higher price than on the open market. It is true than they can receive a higher price at auction. I have seen it with my own eyes people bidding up properties more than they are worth.

Auction houses like most business have to get paid for their time. They usually work on a fixed percentage commission or a flat rate fee. The typically percentage is around 3% to 5%. Some of them even have a percentage and fee per winning bid.

When bedding at an auction remember to calculate all of the costs when evaluating your bid. Make sure to have a maximum bid that you will not pass. Your maximum bid should include all your costs like auction fees, closing costs, and anything other you can think of.

I sometimes enjoy reading the small print of various things. It makes me laugh how many disclaimers there are on everything. One day I picked up an auction booklet and flipped to back. There were so many things that made me laugh. In the end I just thought auctions are becoming a joke.

I wish that when I went to an auction I could win a property for the opening bid. I wish that some body could, but even if I was the only one there I still couldn't. Those incredible low prices only exist to drive traffic to the auctions.

The reason why many auctions have such low beginning bid amounts is because they have reserve amounts. Which enables them not to sell the property unless you bid the price above the predetermined acceptable price set by the seller. The only place that talks about reserve amounts is in the small print in the back of their pamphlet. In the front of the pamphlet no where I can find a mention of a reserve. I wonder why?

I thought that a reserve bid was already was a joke. The worst one is that the seller has typically has seven days to accept you bid or not. In other words at any winning bid amount it is there decision if you will get it in the end.

I can see that the auctions are in the favor of the seller. One of things that I hate the most is wasting my time. They make you fill out forms then make you pre-qualify to bid. If I knew my final bid really meant I won that would be different.

I do think that the experience of an auction should be felt once. You never know you could get that deal.

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Buying A Home Now: Low Interest Rates! Buyers Market! Declining Dollar!

- By: Ed Grano, 2008-03-22

There has been a convergence of market conditions that poink in that mortgage rate at historic lows. Second, the real estate market has turned into a buyer’s market with the inventory levels of homes rising. Third, the dollar is weak internatiot to a buying opportunity. First, interest rates are at an all time low which means you can locnally and real estate prices over the long term are subject to the effects of inflation.

The US dollar has declined against the Eurodollar for the past five years. In the short term US housing values are more a function of local supply and demand, but over the long term other less apparent factors could eventually work their way into US housing values and costs. If you are an avid traveler of Europe, then you should have an appreciation of what I am talking about. If your dollar is worth half of what it was worth five or six years ago overseas, than what is your home really worth today. If you sell your home today for double what you paid for it ten years ago (in US dollars) and then take those dollars to Europe, how much appreciation in terms of "true value" did you obtain?

What affect will the weakening US dollar have on US housing prices? Will this put upward pressure on the US housing market over time? Consider the price of oil, gold, and other commodities including the cost of building materials for a home. If gold is $1000 an ounce and the dollar has depreciated by 50% against most major foreign currencies, then gold’s appreciation from $400 to $1000 an ounce is more a function of the depreciating dollar rather than a true increase in the price of gold.

This holds true for oil as well. If oil has risen from a price of $15 a barrel 10 years ago to a price of $105 a barrel today, then what amount of that dollar increase is a result of the depreciation of our own currency (the US dollar). Oil and gold are “international currencies” and many of the building materials we use in our homes are affected by long term changes in exchange rates. What does this mean for housing prices today and in the future and what does this mean for the cost of construction now and in the future?

Housing prices have more than doubled in most regions, but construction costs have risen as well. In many instances material costs have doubled and even tripled, so it may cost twice as much to build that house as compared to what it might have costs ten years ago. If the median and average selling price of a home continues to decline, then construction of new homes will fall dramatically. Why? Because rising construction costs and falling housing prices will squeeze builder’s gross profit margins forcing them to postpone many future projects.

The New York City real estate market is the most likely real estate market to be impacted by the falling dollar, because of its appeal to international investors. While real estate prices are failing in most local US real estate markets, New York City prices continue to rise. Why? Well demand is high and supply is low and the dollar is weak. Foreign investors are hungry for Manhattan real estate and much of the added supply of new construction is swallowed up by foreign investors.

Please note this article was written for information purposes only and should not be relied on to make material financial decisions. Speak to your lawyer, financial advisor and your tax specialist for professional advice in purchasing a home.

Analytical Finances Inc., REIcalc.com & Mortgage Calculators

7 Step Guide for Real Estate Losers

- By: Luat Tran Van, 2008-03-07

You have undoubtedly heard the saying that it is always darkest before the dawn. Well this real estate market is looking pitch black and the numbers are ugly. Smart investors are beginning to scoop up properties because they know the time to buy is when everyone is running away.

But why do what the smart investors are doing when you can be a real estate loser? Here are your 7 steps to becoming one.

1. Never buy a home when the prices are lowest.
2. Never finance your home purchase when interest rates are near historic lows.
3. Never look for a home when you have plenty to choose from.
4. Never buy a home when foreclosures are rising and banks are offering deep discounts.
5. Keep thinking that you can always buy your dream home next year.
6. Always wait for the market to recover and prices go up.
7. And most of all never, never actually do what you can continue to only dream about.

Now that you know the rules you can be the next real estate loser.

So let’s just take a minute to learn the state of the market.

The housing prices are down in many parts of the country, but are things really as bad as the news agencies would have us believe? Remember they are in the news business to sensationalize stories into entertainment that sells. Sorry to break it to you but news really is in the business of entertainment.

News agencies would have us believe that home sale are at the lowest levels on record when right now the current rate of resales is at about 4.89 million according to the National Association of Realtors. Sure that is down from the 6 million or so per year during the boom years of real estate, but come on 5 million is a heck of a lot of homes changing hands.

The real low point in existing home sales came in 1970 and the sales rate in January 2008 was three times greater than 1970. You really should not believe everything that you hear.

The interest rates have trended up a half point recently, but look where they are. That 6.27 rate on a 30 year fixed is lower than a year ago and from a historical perspective near all time lows. Financing a home purchase is very affordable from an interest rate standpoint.

Many economists are even forecasting lower rates in the coming months and the Fed Chairman Ben Bernanke promises to continue cutting short term interest rates. What this all means is there is strong potential for a bottoming of the market and a turnaround in real estate.

The remaining piece to the puzzle is for home buyers, even more real estate investors and consumers to realize this. Once they start taking a look at the deep discounts being offered with the pricing in local markets the market will turn. The time has come to get off the sidelines or miss opportunity of a lifetime in real estate.

Low real estate prices and low interest rates just do not happen in real estate at the same time. When they do you need to take advantage it.

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Real Estate Markets and Their Price Spreads

- By: Lazy Submit, 2008-03-02

The price difference between various real estate markets is what many people try to profit from. This is called a price spread. For example, Manhattan residential real estate prices are roughly $1000 a square foot while Downtown Jersey City and other equivalent outlying urban areas of Manhattan might be $550 a square foot, a price spread of $450 ($1000 less $550) a square foot.

Bond traders or people that trade stocks look for price spreads. Bond traders refer to the spread in basis points and yield to maturity. So if a corporate bond yields 8% and an equivalent term US treasury bond yields 6%, then they would say that corporate bonds trade at a spread of 200 basis points or 2% (8% - 6%) to US treasuries.

With real estate markets people reach out to more far reaching markets in the hope that those markets may mature and/or improve and that prices may rise closing the spread between that market and another. Looking at Brooklyn Heights versus Downtown Jersey City there is a significant price spread. The selling price per square foot for housing in Brooklyn Heights is higher than in Downtown Jersey City. Recently I previewed several properties in Brooklyn Heights selling for about $850 a square. Since real estate in Downtown Jersey City is selling for about $550 per square foot, then this would imply a price spread per square foot of $300 ($850 - $550) between these two markets.

Infact depending on the property and its exact location within Brooklyn Heights, prices can far exceed $850 a square foot. On February 6, 2005 an article was published in the New York Times titled “$8.5 million Brownstone Deal Raises the Bar in Brooklyn” pointing out that the prices of row houses in Brooklyn Heights had reached all time new highs.

A lot of development is transpiring in Downtown Jersey City. This development will probably keep prices down in the near term (next couple of years) as a lot of inventory comes on the market and requires market absorption. However beyond the next couple of years as Downtown Jersey City improves, spreads should narrow.


As larger developers complete their projects and advertise them, more attention should be brought to bear on Downtown Jersey City. I speculate that Donald Trump has every intention of marketing his Trump Plaza Jersey City beyond the local markets. Plus let’s not forget about the new $130 million dollar international golf course near Liberty State Park (called the Liberty National Golf Club) and the $4.8 Billion Liberty Harbor North project. These projects should translate into positive marketing exposure for Downtown Jersey City and should result in some international exposure as well.

So expect to see some price spread movements between the above mentioned markets over the next ten years. Although there is no guarantee that the spreads will narrow, I speculate (based on the above circumstances) that the probabilities point to the spreads narrowing rather than widening.

If you would like to analyze your real estate investments or determine the benefit of refinancing your home, try these online real estate calculation tools by Analytical Finances Inc. at http://www.RealEstate-Calc.com

Analytical Finances Inc. Real Estate Calc

discover your real estate investing essentials!

- By: Fred Gagnon, 2008-02-28

When you have finally decided to invest in real estate to prepare for a better future for you and your family, your next consideration is whether you have the right things you need to become a successful real estate investor. You might wonder how your poor credit rating and an almost empty bank account would help. But, like the people who've made it always say if there's a will there's a way.

Before we delve further into the topic, you need to know that there are three kinds of resources you need to enter real estate investing. These are, of course, money, people references, and your entrepreneurial ability. Now the second and the third essential are relatively easier to accomplish so let's discuss these two first.

The people, the right people! Your real estate investing career is much easier accomplished when you have the right people to help you. Especially if you're new to this income-earning strategy, you need the right people to show you around. There's a lot you need to learn from choosing properties, making deals, rehabilitation and the like, and of course, you also need to learn your different exit strategy.

Your learning is quickened if your mentors are competent people in the business. Now you need to be careful in choosing who to trust in this business since there are those that want your money more than help you get more money. You can meet wonderful, legitimate people by simply joining real estate conventions near you so don't hesitate to register for the next available gathering.

To keep your real estate investing business floating and growing, you need your business skills to be dynamic that can keep up with the changing times. Because real estate investing is a business, your business skills are what determine the future of your investing. But it doesn't mean that you can't join real estate if you don't have business skills to begin with because you can learn them; especially if you start doing the actual investing.

The issue on the importance of money when you enter real estate investing, however, is the most controversial. People say you need money to make more money. Is this famous tag line also true in real estate investing? Let's clear the matters about this issue once and for all.

The bad news is that you do need money to invest in real estate. But the good news is much of it does not have to come from your own pocket. What you need to learn is the big word leverage. In simplest terms, leverage means you invest in real estate using more money from other people than your own money.

In fact, the lesser of your own money you spent on investing, the higher your Return On Investment is going to be. Leveraging works by putting your own small amount of money to be match by a larger amount usually by a mortgage lender. Now you're given a chance to own a property that is out of your budget's reach before and a chance to double your possible profit.

About the author: Jacques Coquerel is a real estate investor based in Atlanta, Georgia. He has made more than 750 real estate transactions since 1996. For Real Estate Investing Tips get his free course Real Estate Investing Free Course.

Article Source : Article Wisdom

HDIL Plans 70 Acres Cybercity at Kalamaserry

To Invest Rs. 4000 Crores in the Project

From correspondents in All States, India, 02:33 PM IST


Housing Development and Infrastructure Limited (HDIL), through its subsidiary, Blue Star Realtors Pvt. Ltd., announced its plans to inaugurate HDIL CYBERCITY at Kalamaserry in Kochi. HDIL CYBERCITY which will be spread across an area of 70 Acres of land, will be Kerala’s FIRST INTEGRATED IT Township, having, besides IT/ITES, Residential apartments, Villas, Schools, Shopping Malls, Multiplex, club house, service apartments and a Star Hotel.

The Foundation Stone laying ceremony will be performed by the hands of Shri. V. S. Achutanandan, the Hon’ble Chief Minister of Kerala on 19th January, 2008. HDIL has planned to invest Rs.4000 Crores in this project over a period of 48 months (4 years).

“By constructing HDIL CYBERCITY at Kalamaserry in Kochi, we propose, not only to create a world class IT Hub in Kerala, but also to provide 60,000 direct and 1,50,000 indirect jobs at Kochi. This is our small and humble gift to the people and the State of Kerala” said Mr. Rakesh Kumar Wadhawan, Chairman, Housing Development and Infrastructure Ltd.

HDIL CYBERCITY which has a built up area of 80 lakh sq. ft. in Kalamaserry, Kochi, is the first flagship IT project of the company in Kochi. It is also the first and the only integrated IT Township in Kerala. This mega-city of 70 acres area has been developed into various zones of Residential, IT, Commercial, Hotel, Social, and Infrastructure amenities according to their internal relationships to each other and keeping in mind the natural flow of spaces. Besides providing 60,000 direct and 1,50,000 indirect jobs to the people of Kochi, the project will also generate over Rs.425 Crores of Revenue for the Government of Kerala by way of Stamp and Registration duty and Employee Welfare and Village Tax.

Kochi has been ranked as the second most favoured IT & ITES destination by NASSCOM and is a bustling industrial centre with industries ranging from ship building to handicrafts and petro-chemical, refining to spice trading. Some of the top IT companies across India have plans to set up campus in Kochi in next 3-5 years. NASSCOM has projected about 5 lakh IT/ITES job opportunities in Kerala.

Article Source:
http://www.indiaenews.com/pressrelease/20080117/92155.htm