#Best Real Estate Service Broker in Ahmedabad
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saltypersonapirate · 7 months ago
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Your Best Real Estate Service Broker in Ahmedabad
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In the bustling cityscape of Ahmedabad, finding the right best real estate service broker in Ahmedabad can be akin to discovering a gem amidst the vast expanse of stones. Amidst this challenge, Kothari Enterprise stands out as a beacon of excellence, offering unparalleled service and expertise in navigating the dynamic real estate market.
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Navigating Ahmedabad's Real Estate Landscape
Ahmedabad, a city steeped in history and burgeoning with modernity, presents a unique tapestry of real estate opportunities. From the vibrant commercial hubs to the serene residential neighborhoods, the city caters to diverse preferences and aspirations of its inhabitants.
Why Choose Kothari Enterprise
Unrivalled Expertise:  With years of experience in Ahmedabad's real estate domain, Kothari Enterprise boasts unmatched expertise, enabling them to provide comprehensive solutions tailored to your needs.
Personalized Approach:  At Kothari Enterprise, we understand that every client is unique, and thus, we adopt a personalized approach to ensure your best real estate broker in Ahmedabad journey is seamless and satisfying.
Extensive Network:  Leveraging an extensive network of connections and resources, we have access to a wide array of properties, ensuring you find your perfect match, be it a commercial space or a dream home.
Transparency and Trust:  Transparency forms the cornerstone of our ethos. We believe in fostering trust through open communication and integrity in every transaction, earning us a stellar reputation among our clientele.
Services Offered
Property Consultation:  Whether you're a first-time buyer or a seasoned investor, our expert consultants provide invaluable insights to guide you through the intricacies of property acquisition.
Market Analysis:  Stay ahead of the curve with our in-depth market analysis, empowering you to make informed decisions and capitalize on emerging trends.
Negotiation Excellence:  Our skilled negotiators ensure you get the best deal possible, adeptly navigating negotiations to safeguard your interests.
Legal Assistance:  From documentation to legal compliance, we offer comprehensive support at every step of the transaction, minimizing hassle and maximizing peace of mind.
Testimonials: Client Satisfaction Speaks Louder Than Words
"Working with Kothari Enterprise was a game-changer for me. Their professionalism and dedication made the entire process smooth and stress-free." - Rahul Shah, Satisfied Client.
"I couldn't have asked for a better real estate partner. Kothari Enterprise not only helped me find my dream home but also ensured I got it at the best price." - Priya Patel, Happy Homeowner.
Conclusion
In the labyrinth of Ahmedabad's real estate market, Kothari Enterprise emerges as a guiding light, offering a blend of expertise, integrity, and personalized service. Entrust us with your real estate aspirations, and let us unlock a world of possibilities for you. Experience excellence with Kothari Enterprise your best real estate service broker in Ahmedabad.
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marketing-features · 8 months ago
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jhonmicon · 8 months ago
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squarefeetgroup · 2 days ago
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Ghodbunder Road, Thane: A Prime Destination for Real Estate Investment and Growth
Thane's Ghodbunder Road, a developing international city in Mumbai, is the most well-liked location for real estate investments. The neighborhood's affordable lifestyle with basic services at cost-effective prices, the development of its infrastructure, and the nearby surrounding areas are the primary factors that distinguish it from other real estate markets. To find out more about the benefits of investing in Ghodbunder Road, read the article.
Ghodbunder Road is one of the most popular areas for investing because of the recent surge in real estate markets brought on by outstanding residential developments and impending infrastructure.
Because of the neighborhood's excellent connections, abundant greenery, and developing infrastructure, demand for real estate has significantly increased.
Maharashtra State Highway 42, also known as Ghodbunder Road, runs through the whole Thane district.
One of the primary routes that connects the suburbs of Thane to the Eastern Motorway, which stretches southward near Kapurbawdi.
The Eastern and Western Motorways, Mumbai's two main thoroughfares, are directly accessible from the road, which borders the northern edge of Salsette Island. This offers stunning views of Yeoor Hills and Thane Creek.
People are drawn to Ghodbunder Road real estate for all of the aforementioned and more reasons. These are some justifications for thinking about investing in Ghodbunder Road. 
Growing Real Estate In Ghodbunder Road
One of the best places to buy a house or make real estate investments right now is Mumbai.
As a result, developing and less costly areas like Thane, which have seen rapid expansion in recent years, have a significant and fantastic opportunity.
Thane's property values have skyrocketed as a result of the area's closeness to verdant, lush environment, the speed at which development projects are moving forward, and the government's aspirations to strengthen ties with several infrastructure projects.
Developing Infrastructure To Invest In Ghodbunder Road
Social and civil infrastructure have significantly improved as a result of Thane's fast urbanisation and development of neighbourhoods like Majiwada, Kolshet Road, and Ghodbunder Road.
Jobs in the retail, commercial, and IT industries have increased by almost 40% in Thane areas.
It is also a well-known hub for the pharmaceutical sector, home to Lorix Pharmaceutical Inc., Novartis India Limited, and Galgotias Pharmaceutical Ltd.
The retail market in the area is 2.2 million square feet.
All of these has drastically altered the evaluation of the entire neighbourhood, making it the most popular location for real estate purchases in the Mumbai MMR.  
As a result of the city's ongoing supply of affordable real estate, Ghodbunder Road has seen a surge in investment from well-known brokers and builders from Mumbai.
Excellent Connectivity Options
The location benefits from excellent accessibility because to Ghodbunder Roads' connections to many Thane areas and Mumbai's main thoroughfares.
Its strategic location adjacent to the Mumbai-Nashik, Mumbai-Ahmedabad, and Eastern & Western Express Highways enhances its appeal.
Chhatrapati Shivaji Maharaj International Airport is about 10 km away from the neighbourhood, and Dahisar Railway Station is about 34 km away.
Affordable Properties In Ghodbunder Road
The reasonably priced apartments on Ghodbunder Road are one of the primary justifications for investing there.
The demand for real estate in Thane's Ghodbunder Road has grown within the past five years. It is due to a 40% increase in the employment sector.
About 18% of Mumbai's total housing supply is found in Thane.
There are 1, 2, and 3 BHK inventories available on Ghodbunder Road. In this neighbourhood, two-bedroom flats on Ghodbunder Road are more in demand.
Over the past year, the area has appreciated by 4.3%. In Ghodbunder Road, the average price of a home is $12,800 per square foot.
Potential Rental Market
The need for rentals in the area is driven by professionals who work nearby in the information technology, mobile network, and pharmaceutical industries.
The strong demand for rentals in Ghodbunder Raod is one of the main reasons why it is so appealing to investors.
The typical rent for a two-bedroom flat on Ghodbunder Road, which has the most supply, is between Rs 15,000 and Rs 40,000.
Ghodbunder Road has an average rental yield of 15%. 
Is Ghodbunder Road Good For Real Estate Investment?
Thane's Ghodbunder Road has emerged as a prime real estate investment hotspot due to its seamless connectivity, growing infrastructure, and strong return potential. Its proximity to Mumbai and ongoing development make it an ideal location for both investors and homebuyers. The area's affordable housing options and expanding job opportunities further enhance its appeal, driving demand for residential projects.
Squarefeet Group is contributing significantly by offering various upcoming projects in this region, including premium developments like Green Square, Metropolis Bayside, and Metropolis Insignia Towers. 
Mumbai is no longer far from Thane's neighbourhood. Thane, and especially Ghodbunder Road, is at the top of the list for both investors and users because it encourages the construction of large roads and highways that provide easy and seamless connections.
Without a question, the secret to successful real estate investing is finding the right house in the right neighbourhood at a reasonable price. 
Ghodbunder Road in Thane is the greatest area to invest when taking these factors into account when buying a home since it has had significant growth in terms of both infrastructural upgrades and strong returns on investment.
The expected expansion of job opportunities would surely lead to a sharp increase in the demand for housing, which would in turn spur additional capital growth and expand Thane's real estate and housing investment.
Thane's Ghodbunder Road is a hotspot for real estate investment due to its rapid infrastructural development, excellent connectivity, and affordable housing options. This prime location, with projects like Metropolis Insignia Towers, Metropolis Bayside, and Green Square, offers outstanding residential developments, making it an ideal choice for homebuyers and investors. The surge in employment opportunities and growing demand for rentals further enhances its appeal. If you're considering Upcoming Projects in Ghodbunder Road, this area promises high returns and unmatched growth potential for real estate investments.
Squarefeet Group offers a range of upcoming projects in Ghodbunder Road, ideal for those looking to invest in Thane's growing real estate market. Their noteworthy developments include Green Square, an affordable residential project, and premium offerings like Metropolis Bayside and Metropolis Insignia Towers, located in Kasarvadavli. These projects cater to various lifestyle needs, with options for budget-friendly and luxurious living spaces. Explore these projects to find a home that aligns with your aspirations.
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royalrealty · 3 months ago
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🏢 Connect with Top Real Estate Brokers in Ahmedabad through Broker Sampark! 🏢
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Are you searching for trusted real estate agents in Ahmedabad? Broker Sampark connects you with the best brokers in the city, ensuring you find the perfect property or make the best deal.
💼 What Broker Sampark Offers:
Access to experienced and reliable real estate brokers.
Expert advice on buying, selling, or investing in properties.
Seamless and efficient service tailored to your needs.
Whether you're looking for a new home, office space, or investment property, Broker Sampark is your one-stop solution in Ahmedabad. Let's make your real estate journey smooth and successful! 🌟
🔗 Discover more: Broker Sampark
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indiapropertydekho · 3 years ago
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India's Leading Property Portal | Buy Flats in Gurgaon
India's Leading Property Portal
Real estate websites have been ruling the internet world since they allow for quick online property resurrection and offer distinct filters that allow clients to pick their preferences and explore homes that appeal to them. The notion of developing numerous online portals for the purpose of easing the entire arduous process of purchasing or renting a property has been in recent vogue for easing the entire tedious process of buying or renting a property. These top property sites' accurate price, location, amenities, land area, and other features have made them a recent favorite with the general public. It used to be difficult to find brokers and agents to rent or buy a home, to physically visit the properties, and to negotiate with the owners for lower rents and prices, but now all of these problems have a solution; these portals have simplified the process of finding and communicating with the owners and agents. Lets see a list of the Best Real Estate India's leading property portal in this article.
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India Property Dekho (Best Real Estate Website in India):
India Property Dekho is a platform for those who work in the real estate industry or are looking for a home. It is the Best Real Estate India's leading property portal. You may promote a property, search for a property, browse through properties, and keep yourself up to speed with the newest alternatives at indiapropertydekho.com. They consider that "service is our business," and as a result, we have established high standards for ourselves. And have always worked hard to create a "one-stop property shop" that can meet all of the clients' real estate needs. India Property Dekho ensures that you have access to the most relevant information in an easy-to-understand style. As a result, you can shortlist apartments from the convenience of your own house rather than having to travel to all the good and poor homes. This saves you time and effort, and with a shortlist of 4-5 houses, you may find a home in a matter of minutes. 99acres: The website has been found and managed since 2005, and they just introduced a mobile-friendly design for the portal, allowing their clients and brokers to access and share information online using smartphones running on both Android and iOS systems which makes them Best Real Estate India's leading property portal. Info-edge has a well-known real estate brand that receives millions of views from potential property buyers. The website's goal is to serve as a link between house buyers and tenants and real estate brokers, allowing them to gather useful info about properties in the area available for rent or purchase in their area. The portal is quickly growing, with a presence in more than 25 locations throughout India. It has established a solid reputation as India's second largest property portal.
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MagicBricks: In the world of real estate, this is a show stopper and is the Best Real Estate India's leading property portal. The Times Internet Limited, a sub-branch of Bennett, Coleman & Co. Ltd., created the website as an online business venture. Apart from providing standard services, the portal also focuses on providing relevant information about property-related issues that people commonly face. With only a few clicks, this website strives to offer all of its visitors accurate and precise information about the property of interest. This website allows users to publish free property listings and search for real estate around the United States. It functions as a two-way gateway, allowing both property owners and agents to list their homes for exposure to potential purchasers. The portal is present throughout India and hence appeals to a large audience.. Makaan: This website features a one-of-a-kind rated seller platform that enables customers to locate properties listed by the best sellers. Makaan's finds and postings are of higher quality, particularly in places like Pune, Ahmedabad, and Hyderabad. Makaan has a small amount of listings, but the ones that are there are quality and restricted in quantity, so you can escape the crowds. Users can buy and sell properties with the help of this website. This company has a large team of qualified experts who understand that everyone wants their own home, which is why they make sure that everyone can enjoy the benefits of owning one. Customers can also apply for a house loan using this website. This site also has a highly user-friendly mobile application where users may list their property. To begin using this website, just create an account in this Best Real Estate India's leading property portal and you are all set to the search. Housing: Since its inception a few years ago, Housing.com has been a huge success as Best Real Estate India's leading property portal. Another prominent home search site on our list is Housing.com. Users may purchase and rent homes in a variety of cities across India using this platform. To use the services of this website, all you have to do is register and start searching. All the properties posted on the website are personally visited by housing.com agents and are verified with actual prices. They provide listings for most major cities and towns and the process is very easy and fantastic This website also offers a highlighted collection that allows visitors to look at some of the most popular property listings to assist them.This website also features a number of housing festivals that may be of interest to readers who are considering buying or renting a house in the near future. This website also has an intriguing blog where they provide their customers suggestions on how to locate the finest property listings on their website.
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Conclusion: Before moving to a new city, the first thing a person looks for is a place to reside. The complete process of contacting agents or brokers, visiting the property, and engaging in strong negotiations for the best pricing. Change is the only constant in this fast-paced world we live in, as they say. Given India's population and the demand for room for people relocating to other regions of the nation, it's no wonder that the real estate industry has been booming. All of these services have made it easier to find a property, whether you're looking to sell, purchase, or rent. Looking for a home in today's world isn't as tough as it once was, thanks to virtual tours and appropriate assistance. Always choose Best Real Estate India's leading property portal with the finest options that meets all of your requirements.
For more information Visit us & call us at 9212020020.
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List Of Best Website To Find Property On Rent
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Given how quickly things change in our world, it is the one constant. People no longer regularly look for work outside their cosy metropolis because that age has long passed. For the millennial generation, relocation is essential because there are so many opportunities knocking on your door from across the nation. Before moving to a new city, you must find housing. Getting in touch with agents or brokers, viewing the property, battling for the best terms, etc., are all time-consuming chores.
Here is a list of the top websites to sell your property for rent to assist make things much more manageable:
Bricksnwall
Bricksnwall is one of the best websites for anyone wanting to rent or purchase a property because it gathers listings for properties, builders, developers, and real estate firms. Depending on your needs, they offer a wide range of lodging solutions for a comfortable lifestyle. Depending on location and pricing, you can search for homes in a sizable database for all major cities and smaller locations.
NoBroker
NoBroker is anticipated to rank among buyers' and sellers' top real estate websites. By removing the need for sellers and purchasers to pay brokerage fees, NoBroker distinguishes itself from the competition. Customers who use their property management services are only paid a small fee. They provide various services, such as purchasing and selling real estate, rental contracts, legal counsel, and seller and buyer support.
MagicBricks
MagicBricks, India's top real estate website, transformed the idea of the house seeking by putting everything at your fingertips. Choose the filters that best fit your needs—location, rent range, amenities, etc.—and MagicBricks will present you with all the available possibilities. They also made getting my home loan easy for me. The absence of brokerage costs was the most significant factor. With the purpose of real estate buying and leasing in mind, this website is well-designed. 
Housing
The housing portal has proven successful since going live a few years ago. Agents from housing portals personally inspect each property advertised online and confirm all details, including prices. The method is excellent and easy, and they provide listings for the most important towns and cities. It provides access to a buyer profile for dealers and agents.
99 Acres
A popular website for finding properties is 99 Acres. They are present throughout India and can offer you listings for buy, buy, and rent in more than 25 Indian cities. To focus on the properties you're interested in, you may utilize a variety of filters on the 99acres website. Sellers will benefit from the website's ability to compile a database of potential real estate buyers.
Makaan
Makaan offers inquiries and postings that are of superior quality, especially for places like Ahmedabad, Pune, and Hyderabad. Makaan has moderately sized postings, but since there aren't many bad ones, you won't have to deal with the chaos.
Commonfloor
One of the most fabulous websites for finding homes in your preferred neighbourhood is Commonfloor. You can apply a variety of filters to find the best properties. You can look for homes in your price category. In addition to the standard listings, CommonFloor offers virtual tours of residences so you may see the apartment without physically visiting.
Proptiger.com
Many properties are listed on the online real estate consultancy portal PropTiger. Another choice is the real estate website Proptiger, which has offices in Mumbai, Pune, Chennai, Kolkata, Ahmedabad, Bangalore, and Noida.
Sulekha
Sulekha, a well-known online selling website, is well-established in the real estate sector. It is one of the least expensive real estate portals for regional listings, offering good homes in minor cities and villages.
Indiaproperty.com 
It is a well-known real estate listing website in India. It displays the number of real estate listings in your selected cities. Every significant Indian city has it. You can use a variety of filters to find properties.
Quikr Homes 
Quikrhomes offers a choice of residences for sale or rental. Each listing has dates, making it simpler to determine whether it is current or not. If the current requirements don't apply to you, landlords may also develop new standards. You may be able to conserve time this way.
Roomster
The Roomster real estate website offers comprehensive property listings for major Indian cities. You can buy, sell, or rent property in addition to searching for trustworthy advertising for shared accommodation. This website allows you to look for companions.
Conclusion
It is not surprising that India has a thriving real estate market, given the size of the country's population and the demand for housing from citizens moving to various parts of the nation. These websites have all simplified renting, buying, or selling a home. These real estate websites make finding a property in the modern world more accessible than it once was.
Source- https://bricksnwall.blogspot.com/2022/09/list-of-best-website-to-find-property.html
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propertyahmedabad · 3 years ago
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What makes People to Choose Real Estate Broker in Ahmedabad?
Every problem comes up with a solution. There is no doubt in the fact that if a person is shifting from one city to another, they need to get the best apartment for staying. But a person is not ready to get the apartment immediately sometimes, or the things are not favoring them. At that movement choosing a rented apartment will be the best option.
If you are someone who is shifting and looking out for an office for sale in Ahmedabad or at rent, the option is right there available for you.
Different real estate brokers are available that can help you to get it seamlessly. But before you make the gig, we let you know about some of the reasons behind people choosing rental apartments.
Reasons for Choosing Rental Apartments:-
 The rental apartments are easily available. A person needs to approach the real estate broker in Ahmedabad and discuss their requirements. The broker will show them the best options available to them, and a person is all set to choose it.
There is no need for a person to pay happy amounts for the sake of security. There is a minimum amount you need to pay for security which means that it can be easily beard, and there will be no problem with you at all.
Security is at its best. The real estate broker will take care of everything and providing security as well. If you are facing any trouble or the landlord is troubling you, then you can simply get in touch with the real estate broker you have approached previously to get the apartment.
All the basic amenities are available, and there will be no need for you to search out any other destination to get the amenities. The fully furnished options are available, which are icing on the cake and help you to have the best experience.
The apartments are situated in the posh areas, which mean that a person can enjoy the locality too and also if looking forward to engaging in any venture where they need to call any other person at the place the same can be done without having any embarrassment.
How to Choose the Broker?
 If you are looking to get in touch with a broker, always pay attention to whether they are genuine ones or not. If they are not genuine ones, then approaching them will be the best option to consider. We suggest you check the reviews available so that you can make the decision carefully.
Overall it is right to say that you are going for a rented apartment, all the services are available to you. Thankfully right now, some offices for sale in Ahmedabad are available which are fully furnished and if you want, you can go for the same as well. It is totally on your budget which option you wish to consider. But it is a suggestion always gets in touch with genuine service provider for getting the bus services.
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squareandcorner · 3 years ago
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Are you looking for a warehouse for rent or sale?
Are you looking for a warehouse for rent or sale?
We are one of the best real estate consulting companies in Ahmedabad. we are the most trusted real estate consulting in Ahmedabad. we are the leading real estate broker in Ahmedabad. We are providing services as Industrial property broker in Ahmedabad for warehouse sales & rent in Ahmedabad. We are dealing with all types of industrial property like rent, buy, sale and lease. we provide the best…
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rkritika2020 · 4 years ago
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A Guide to Buying a New House in India
If you want to buy a property in India so it too difficult to get it at low price as day by day the property price increasing. If you have to purchase a property in B Grade city like A 2 bhk apartment in Ahmedabad. Here is the guide how to purchase a New House in India.
Budget:
A proper budget has to be planned to know how much money will be left each month to meet your expenses. Remember that your first property will seldom be your final property, so search after your present property getting needs first, and let the long term take care of itself. You should guarantee that the property you are getting will satisfy your present needs and be within your budget. As a property buyer, understanding your family’s present major needs will help you make the right decision.
Location:
It is essential to choose Take a good look at the location and the locality. It is better to try a place adjacent to the prime location of your city so that the price is not that high. Location will also have a large impact on the resale value of your home. Choose wisely and your home may be your best investment.
Rental rates in the area:
If you are are planning about investing in a rental property, homes in high-rent or highly populated areas are ideal. Knowing the rental rate in the area helps you to choose the right property and location.
 Good Resale Value:
Resale sale Value is an important thing to consider before you plan to invest or buy a property. Property buyers never consider resale value when they buy. They make the mistake of focusing solely on a prime locality or the budget of the property. If you choose the wrong property or location, it is possible that your future sales price will always be less than the other homes around it.
Loan eligibility:
Home loan eligibility depends upon the repayment capacity, income, existing loans or debts and age of the loan applicant. The lending company or banks provide online services such as home loan eligibility calculator to calculate loan eligibility of the home loan borrower. The maximum loan that can be sanctioned varies with the banks and the eligibility criteria may vary according to the bank or RBI regulations. As home loan rates increase, the loan eligibility for a borrower becomes stiffer.
Stamp Duty & Registration Fee:
This is an important expense or tax, much like the sales tax and income tax that are collected by the Government. When planning your budget for property buying and deciding to buy a property, you need to know the rate and charges applicable in your city. If you want to know the market value of your property and the stamp duty amount on it, you need to contact the Ready Reckoner to locate your valuation zone and sub-zone. Find out the stamp duty amount applicable to you as per the market value.
Additional Costs:
Even if this isn’t your first home buying experience, you will want to get help from a team of professionals. Fees or service charge by real estate agents, lenders or mortgage brokers,home inspector, land surveyor, lawyer or notary etc should be considered. Find out how much is the maintenance charge. Will car parking be provided and do you have to pay extra for it. If your previous owner did not have a vehicle, speak to the secretary of the society and ask for a parking lot.
Property insurance:
Property insurance safeguards your financial future if certain damages occur to your property. The cost is relatively low and provides coverage in case of problems with the property title, certain damages or any legal issue. There are many different home insurance policies to choose from, with varying levels of protection. When taking a decision to protect your major assets, it is important to have a resource you can trust, to guide you along the way. Choosing the right house insurance protects your property and makes the process of buying easy.
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chiefpundit-blog · 6 years ago
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Res Management Real Estate Solutions
Res Management  real Estate Solutions reputed service provider of Commercial Properties for Rent in Ahmedabad. We find commercial real estate broker who can provide marketing best property price.We offer services Properties for Rent in Ahmedabad, Commercial Properties for Rent in Ahmedabad , Furnished Offices for Rent in Satellite
The post Res Management Real Estate Solutions appeared first on E-Bizda International Business Directory.
source https://www.e-bizda.com/listing/res-management-real-estate-solutions/
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yourmysmsmantra-blog · 8 years ago
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What are the locations mysmsmantra providing the bulk sms service in India
Mysmsmantra in Bulk SMS Solutions / Bulk SMS Services. Our mission is to provide a specialized, reliable, high quality, hassle free sophisticated services with cost saving. With complete dedication towards our work we achieved more than 2000+ valuable customer across INDIA. We provide Messaging Solution’s to every industry like Travel and Logistics, Education, Healthcare, ITes/IT Companies, Transport, Telecommunications, Insurance, Banking, Real Estate, Airlines, Stock Brokers, E-commerce, etc.
 All our services are user friendly and are web based. They can be accessed from any part of the world. For example, you can send bulk SMS online to CDMA as well as GSM based mobiles across India. Our SMS marketing services are aimed to give best results to small, medium as well as large scale businesses evenly located at any part of India including popular cities like delhi , mumbai , bangalore , chennai , punjab , gujarat , ahmedabad , pune , jalandhar , amritsar , noida , gurgaon , hyderabad and many more.
Our Services:-
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 Know more details visit: http://www.mysmsmantra.in/
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2bhkflatinchandigarh-blog · 8 years ago
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3 BHK Flat in Satellite Ahmedabad: Real estate brokers
Real estate brokers
A real estate broker is an intermediary that facilitates the transaction of a property achieving the greatest benefit for the seller and the maximum satisfaction of the buyer. The broker must accompany the client during the process, looking for the best alternatives according to the purchasing capacity of the same, looking for, if necessary, the most convenient credit alternatives.
Beyond knowing the real estate landscape and market fluctuations, a broker should inspire confidence. The decision to buy a real estate, whether the dream home or an investment, depends to a large extent on the advice and suitability of the broker.
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A good professional is one that highlights the virtues of a property while alerting to the potential risks that an investment may present. It is important that you provide a range of opportunities to your client. The professional broker knows that a property goes well beyond the limits of good, and that its value depends on factors such as accessibility to services, proximity to study centers, the means of transportation it has and the future of The area in which it is.
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Another important factor is to understand that customer time is a scarce resource. The real estate broker must be clear about the needs and expectations of his client and try to satisfy them without putting a stop to their profit. The gain of the broker, at best, is a natural result of a negotiation that has been successful for all parties involved.
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And users can Post Ads in Ahmedabad on these classified websites.
Real estate brokers are also called real estate agents. Professional sellers, especially in countries where you can get a broker license, the broker profession is exercised both independently and linked to a real estate company.
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neodevelopers · 8 years ago
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The note ban may have brought real estate developers to their knees, but house hunters are looking on keenly from the sidelines. In October 2016, a Mumbai builder who runs a business worth roughly `500 crores was compelled to sell 1 lakh square feet of an upcoming residential project in the western suburb of Kandivali at `6,500 per sq ft when the going rate was around double that. To add to his woes, the broker in the middle charged a hefty 7% commission, or `5 crores, for arranging the `65 crore deal. “The builder’s profit was even lower than the brokerage he paid,“ recounts another developer, a friend of the `shortchanged’ builder. “It’s better to be a broker than a small developer,“ he adds as an afterthought. Broking firms, and not developers, grease the squeaking wheels of the construction business in Indian metros. In a market in which buyers are scarce and supply of under construction spaces is abundant, middlemen rule the roost, often arm-twisting cash-strapped developers to sell out cheap.
Till about a few months ago, developers did not solicit the help of brokers to sell projects as buyers showed renewed interest to own property across Indian cities. But the tables turned when the government announced its decision to ban `500 and `1,000 notes in the first week of November. It has been a grind ever since.
Developers are being forced to offer 5-7% as commission to offload inventory -which has swelled to over 6.71 lakh unsold units (across eight cities) in the second half of 2016. Consultants like Knight Frank not only count ready-to-move-in units as unsold units but also commissioned projects that are pre-sold to buyers before completion. The likes of Mumbai, Delhi (NCR), Pune and Chennai may show a dip in unsold units, but that’s more a numerical mirage (See graphic).
“The dip in (unsold units) numbers is not because of actual sales but because of the fewer number of new launches. Builders have stopped announcing new projects lately,“ explains Samantak Das, chief economist and national director (research), Knight Frank. “It may take two to three years for developers to offload their full stock. In markets like Delhi NCR, where there’s mass supply of residential units, it may cross four years.“
This is where brokers come into play.The canny ones are wheedling high net worth individuals (HNIs) and non-resident Indians (NRIs) to buy projects of small, capital-starved builders at prices almost 50% of the market rate.
The Faultlines
The year 2016 began well for the top residential markets (Mumbai, Delhi-NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata, and Ahmedabad); sales volumes grew by 7% in the first half, as per data sourced from Knight Frank.
Factors such as probable interest rate cuts, political stability, economic growth, setting up of real estate regulators across states and imminent goods and service tax augured well for the sector -at least from a buyers’ point of view.
Analysts and builders viewed this phase as the turning point of the real estate sector, which had not fully recovered from the global financial meltdown of 2008 and 2009; and, more importantly, since the lending restrictions (on real estate developers) imposed by the RBI on banks in early-2015.
Optimism sustained in the second half of 2016 too, with sales numbers between July and October averaging better than the previous ten quarters. Things looked good and rosy till the time government announced its demonetization plans.
“Real estate sales dropped 40-44% across Indian cities post demonetisation. The fall was such that it brought down the yearly (2016) averages to below 2015 ­ which, again, was not a great year for real estate. The year ended with sales lower than in the past six years,“ analyses Das of Knight Frank.
It’s not only sales of ongoing projects that have been affected. Builders have applied the brakes on new launches as they wrestle with uncertainties around latent demand, economic effects of demonetization, implementation of Rea l Estate ( Regulation and Development) Act or RERA and probabilities of further rate cuts.
New residential project launches across eight key markets have fallen close to 28% in 2016, over a year ago, to 1.75 lakh units.There was 4.58 lakh new launches in 2012 ­ considered the best by far.
“Real estate sector has weakened even further post-demonetisation… Demand for new projects is also not very encouraging,“ admits Adi Godrej, chairman of Godrej Group, which owns Godrej Properties. “But we expect this to be more of a temporary blip… demand will pick up in a few months,“ he believes.
Established builders like Godrej and Niranjan Hiranandani, chairman of Hiranandani Group, are not worried about the build-up in unsold inventory or lower number of new launches. Lower rates and setting up of RERA will embolden prospective customers to get off the fence and buy properties, they feel.
“There’s demand for affordable ready-to-move-in units,“ feels Hiranandani. “But there are not many buyers for under construction projects as of now… Project level booking has come down drastically post demonetisation, but that’s more psychological… People are simply deferring their decision to buy an apartment to a later date,“ he says.
But such assurances are pretty unconvincing if one glances through actual residential property sales data.
In 2012, over 3.59 lakh units were sold across eight Indian cities; this has fallen consistently over the next four years, hitting almost rock bottom in 2016 at 2.44 lakh units ­ a long term sales erosion of over 32%.
Builders are putting up a stoic front.“We’re already seeing some revival in January. Demand is coming back gradually. Indians are value-seekers…and this definitely is their market,“ says Cyrus Engineer, chief sales & marketing officer, SP Real Estate, a Shapoorji Pallonji Group company. “We’re cautiously optimistic about the sector.There’s a lot coming en route… RERA, GST… There could be some chaos when RERA is getting implemented,“ adds Engineer. “Uncertainty will last for another six months. But I am positive about long-term prospects of the sector.“
What Buyers Want
Home-buyers, on their part, are waiting for rate cuts before firming up their purchase plans. If bankers are to be believed, there could be at least 50 bps (one basis point or bps is equivalent to 0.01%) cut in rates over the next year. This may bring down home loan rates to as low as 8.25% (2007-08 levels); competitive, cash-flushed banks may start offering loans at even lower rates. It’s anybody’s guess if loan rates would touch 7.25%, the level of 2003­04. Potential customers are also hoping property prices to correct in the interim. But that’s unlikely, says builders and sector analysts.
The sector has already undergone a “time correction“, wherein prices have remained stagnant for years together.Since 2013, real estate price inflation has matched the pace of general retail inflation ­ which is mostly in single digits.
“Property prices don’t come off overnight, the only number of transactions falls,“ opines Sharad Mittal, director & head of Motilal Oswal Real Estate Fund, which manages over Rs 1,500 crore across three real estate funds.
“It’s mostly a time correction ­ and not really a price cut. But there could be some level of price correction in high-end property and plots. But that again would be very negligible,“ says Mittal.
Contrarily, a few developers such as Hiranandani expect prices to inch up a wee bit once RERA comes to the fore. The Higher cost of compliance, title insurance, `escrowing’ incoming funds (from home buyers) and defect liability clauses are likely to jack up prices post the installation of real estate regulators.
Also, in metros, developers buy land parcels from institutions (and not individuals). Such land acquisitions are “all white dealings“, with no room for “underbilling“ or covering up the purchase price to skirt transaction taxes.
“Builders may not give discounts as they’ll be worried about taxmen. By lowering costs, developers may send wrong signals to the tax department that they’re collecting the reduced amount of cash,“ says Hiranandani.
The sector is moving gradually towards only-cheque payments, thanks to the stringent inspection of builder-to-buyer deals by the tax department. Lesser use of cash could well ring the death knell for developers with dubious track records.
“Absence of cash may hit local builders in smaller cities hard. Cities like Surat and Rajkot use 50 ­ 60% cash in their property transactions… Builders in these cities are in for hard times,“ says Shashi Kumar, executive director, Ornate Spaces, a Mumbai builder.
“In cities and metros, only builders with good institutional backing would survive in the long term. We’ll see a lot of industry level consolidation soon,“ envisages Shashi Kumar.
Source: https://goo.gl/AMuuwL
Far From Realty The note ban may have brought real estate developers to their knees, but house hunters are looking on keenly from the sidelines.
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squareandcorner · 3 years ago
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