Mumbai Peripheries to Command Real Estate Growth

Author: George Gonigal

War-scale developments on the front of infrastructure have put the real estate markets of Mumbai peripheral locations on fire. Navi Mumbai and Thane are the one getting maximum mileage out of the emerging picture. Meanwhile, provision of international airport at Navi Mumbai, Transharbour link between Sewri-Nhava and Colaba-Uran, and Road Bridge from Mulund to Airoli are said to be the engines of growth.

Today, business houses are making beeline to set up their offices in Navi Mumbai. And of course, they have reason to do so. Average office rentals in Navi Mumbai are in the range of Rs 60-80 per sq. ft. per month, which is significantly low in comparison to the likes of Rs 350-Rs 500 per sq. ft a month at prime commercial locations like Worli, Bandra Kurla and Central Business District of Nariman Point.

Here is the list of recent deals that would give you a fair idea of office rental scenario at the aforesaid locations:

. Avendus Advisors leased out 12,000 sq ft in IL&FS Centre at Bandra-Kurla Complex at around Rs 300 per sq ft.

. Morgan Stanley leases out 12,500 sq ft of space in Peninsula Corporate Park at Parel at Rs 400 per sq ft.

. Fidelity Investments leases out 1,850 sq ft in Maker Chambers VI, Nariman Point, at Rs 450 per sq ft.

. KPMG leases out 30,000 sq ft in Kamala Mills compound in Lower Parel at Rs 275 per sq ft.

. ABN Amro renews lease at Rs 500 per sq ft (from 180 per sq ft signed three years back) for 3,100 sq ft at Sakhar Bhavan in Nariman Point.

. Three leases renewed at Dalamal House, Nariman Point, with sea-view, at Rs 430 per sq ft (up from Rs 130 per sq ft 3 years back). Such exorbitant rentals in prime commercial locations of Mumbai have paved way for peripheral and suburban real estate markets, property brokers in Mumbai say.

For more details on Mumbai Real Estate, log on to magicbricks.com

Tags: Real Estate, Property, Buy, Properties, Sell, Mumbai

Article Source: http://www.articlesbase.com/

Something Every Investor Needs To Know

Author: Ranju Kumar

In general now there are only three different types of investments. They are stocks, bonds, and cash. It sounds very simple, right? Fine, unluckily, it gets start very complications from here. You will astonish to see, each type of investment have various types of investments that falls under this.

The stock market can be a full-size frightening place for those who unaware of it or knows something about investing. There is to a certain extent to learn about each different investment type. Fortunately, the information that you require to learn has a shortest relation to the investor which you are. There are also three types of investors: conservative, moderate, and aggressive. The types of funds are also divided into the two levels of risk tolerance called high risk and low risk.

Conservative investors often invest in cash in order to make savings through the interest bearing savings accounts, money market accounts, mutual funds, US Treasury bills, and Certificates of Deposit. These are some of safe investments that mature over a long period of time. These are also known as low risk investments.

Moderate investing may be low risks. Moderate investors often invest in cash and bonds to make double in the stock market. They also invest in real estate, providing that it is low risk real estate.

Aggressive investors like to invest in the stock market, which is higher risk. They also are responsible to invest in business ventures as well as higher risk real estate. For example if an aggressive investor puts money into an older apartment building, then invests more money renovating the property. They expect the rent of the apartments to make more money than the current worth of apartments or to sell the entire property for a profit on the initial investments. In some cases, this works out just fine, and in some cases it is a risk.

State and local Governments also distribute bonds. Unlike bonds released by the federal government, these bonds usually have higher interest rates. This is since the State Department and Local Governments could certainly go bankrupt - unlike the federal government.

State and Local Government bonds are free from income taxes - even on the interest. State and local taxes may be able to surrender. Tax-free Municipal Bonds are common State and Local Government Bonds.

Purchasing foreign bonds is really very difficult, and is often done as part of a mutual fund. It is often very risky to invest in foreign countries. The secured type of bond is to buy the bond issued by the US Government.

The interest may be a bit lesser, but again, there is little or no risk involved. For best results, when a bond reaches maturity, reinvest it into another bond.

Before you set up investments, it is very important that you should learn about the different types of investments, and what those investments can do for you. Recognize the risks involved, and pay attention. History does indeed repeat itself, and investors know this first hand!

Source: http://www.articlesbase.com/

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Delhi Commercial Properties-impossible is Nothing

Author: George Gonigal

At a whopping rental of Rs 950 per sq. ft a month Khan Market in New Delhi has recently been accredited as the 16th most expensive real estate market of the world and the costliest retail destination in India, by a real estate consultancy.

Originally allocated as seed land to immigrants from Pakistan and the North West frontier provinces, after the partition of India, it presently ranks above some of the most premium commercial locations of the world such as Moscow (Russia), Beijing (China), Kuala Lumpur (Malaysia), Amsterdam (the Netherlands), and Toronto (Canada).

Today, Khan Market has become a status symbol for those who shop in there and also for those who live nearby. From book stores, eating joints, music shops, furnishing stores, property consultants, branded apparels to exotic fruits, vegetables and flower shops, the market is well-known for its variety and quality.

As for the increase in rentals, the demand-supply mismatch is what making the property values in Khan Market to soar. A part of this boost can also be attributed to the problem of shortage of good quality retail space in the right location. With the main city, especially the core areas getting saturated, there is no scope for expansion, which is ensuing development of suburbs, where the values are comparatively less.

Like one of the shopkeepers of Khan Market puts it, “There is no land available for new real estate development; moreover, there is also scarcity of rented land in the market space which is resulting in scorching rentals.”

Khan Market offers an extensive array of showrooms which offers ample options to opt from. It has wide range of branded outlets starting from Reebok, Nike, Benetton, Goodearth, FabIndia, Anokhi, Khadi Gramudyog and so on, it has everything for everyone. Although the real estate values in Delhi are sky-scraping, property markets still look lucrative to investors and businessmen alike, property consultants feel.

For more details on Delhi Real Estate, log on to magicbricks.com

Source: http://www.articlesbase.com