A BORROWER WHOSE PROPERTY IS MORTGAGED WITH THE BANK
Usually, redevelopment is a common occurrence among old properties. But in cities such as Mumbai or Delhi, its common for a home buyer to buy used flats from the third or fourth sale if they are vying a particular suburb at a discounted price. But what happens to the loan as the property would be demolished by the developer? In such cases, there are two options. Either the developer pays the outstanding from the compensation he owes to the resident. Or, if the new project is financed by another bank, it may buy out the loan from the new bank. Under the first option, the builder can take up the mortgage as he would be demolishing the house to build a new construction. Till the new construction is in place for the owner to reoccupy, the liability would be on the developer as far as the lien is concerned. Once the borrower has occupied his new house, the lien would be reverted to the actual owner, says Gulam Zia, national director, research & advisory services at Knight Frank India. There is no written rule in this regard as the concept of redevelopment is at a nascent stage and is evolving with time. Hence, every resident should clarify his own doubts with the developer and ensure the agreement clearly spells out these facts.
Courtesy By: The Economic Times Dtd: July 6, 2010
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Does Real Estate Property In Singapore Presents Scope For Investment
Singapore presents an enormously growing real estate market and it offers plenty of scope for the international property buyers to make the investments. If seen from the perspective of futuristic property buyers, Singapore offers remarkable opportunities in real estate investments. The interest rates and SIBOR (Singapore Interbank Offered Rate) for the properties are quite low and this is one of the reasons why international property buyers are exploring Singapore market.
Whether it is about building the plush condominiums or flats, home planners are taking interest in the property market of Singapore. They have their own good reasons too! One of the objective reasons is probably to make the investments for future. There is no point in doubting that Singapore property market will grow at an alarming rate. The estimated ROIs from property investments are likely to witness exponential growth in times to come.
Property investments in Singapore should be seen as the long term investments. International investors should keep in their mind that the world economic scenario is changing, and this change will bring several benefits in Singapore property market.
There are 4 significant reasons behind the rise of property investments in Singapore. These include:
Efficient governance The government of Singapore is offering commercially viable surroundings for the international property buyers. The ease of investment together with possibilities of lending at lowest interest rates obviously gives buyers sound reasons to look forward to invest in the Singapore market.
Future growth investment- Singapore real estate market offers tremendous amount of scope for the future growth and development. If you intend to buy the investment property which is situated in the area where government has scheduled a plan for development, the property is likely to see the surge in value. Your investments will grow.
Options available – A prospective international buyer can think of investing in the shop houses, or resales, or new launches, Singapore market offers it to you. These options have given hope to the property buyers to grow their prospects.
Crowdfunding opportunities Singapore offers several Crowdfunding opportunities to the international property buyers. Investment options galore in the Singapore. If you are thinking of venturing into property investment, Singapore is indeed the best place to start with.
You need to think and work out the ways, which will help you to make the investments grow in value in Singapore in the times to come. Property market follows a cyclic trend and you will get maximum benefits and returns.
Make the look of your property with appealing roofing
Shelter performs a principal important part in each individual’s life and so it have to be create with ideal and substantial high quality components that very last lengthy. Nowadays loads of developing contractors can be obtained and so ensure that you end up picking the contractor who can make use of the top quality materials for developing. Basement plays a crucial role while creating the home and another most critical factor would be the roofing. Provided that the roofing is nice we are able to survive our life inside our property. Roofing Salt Lake City contractors may have the top thought they usually that what resources will very last lengthy and in some cases they will arrive out with greatest suggestions. Large amount of roofing contractors Salt Lake Metropolis are offered and so go in search of the online so that you’ll get list of contractors and pick the best 3 contractors in accordance to the spending budget. Have comparison above diverse contractors and select the best out according to the wish and needs. Use a search in excess of the Salt Lake Metropolis roofing to ensure that you are going to get an notion about your home roofing and advise your contractor to provide you people sorts of roof.
Be sure that the contractors helps make usage of the very best good quality materials else in the course of the raining period h2o will enter your own home from your roof and you also can accommodate with your property. There is a chance that each one your issues in your property can get damaged. Roofers Salt Lake Metropolis is made from specialists and to allow them to appear out with ideal and powerful concepts.
Roofers Salt Lake City is becoming really renowned inside the minds from the men and women around the globe due to the fact they come with eye-catching and creative suggestions in generating the roof. To learn about city lakes utilize this url and get benefited.
Property landscape design advice
Landscape design is an important aspect of designing your property. If you have land surrounding your house, you can plan and design a beautiful landscape to give you extra living space or add aesthetics to the building. Landscape design can be done for homes, public places and corporate establishments. A well-designed landscape can enhance the value of the property.
Before going in for landscape design, plan and work out the design in detail. If you can visualize your plan using landscape software, it can give you a good idea of how the landscape will look. The landscape should merge well with the building around it. You can use a formal style, informal style, English garden, or an Oriental or woodland look, depending on the architecture and look of the main building. Then prioritize what functional this landscape design should serve. It can be a new area for play or leisure, to block sun, wind or street noises, or to improve the look of the property.
Analyze your site to see how you can implement your ideas. Decide on the plants, statues, steps and lighting you will need. Finally, see that your plan matches the climate of the area as well as your budget. Looking into all the details beforehand can save you lots of effort and money in trying out various ideas.
If you cannot handle this task on your own, you could hire a landscape designer. Or, if you have enough interest in the subject, you could learn all the tactics in a landscape designing course. On the Internet there is vast information on landscape designing available, if you want to put in the time and effort. There are lots of forums and associations of landscape design that have come up to bring together people to share views and experiences on landscape designs. Whatever way you go, it is better to go in for such a plan that involves minimal use of pesticides in the long run and does not require a great deal of maintenance.
Gurgaon, Perfect City to Buy Residential and Commercial Property
One question for everyone, what will you look while purchasing a commercial property? While most of you may have fair understanding if asked about residential property. To buy commercial property can be somewhat more daunting. Buyer if laborious spend much time in doing market research carefully and select appropriate property making them enjoy capital gains. Usually, there are two reasons of purchasing industrial property – as you need premises for starting a new business or expanding a new one or for investment purposes.
For business purpose
No matter which group of buyer you are but you will need to have property at right location having the potential to appreciate in values etc. For you are buying property for business purposes, the key consideration will be to suit the requirements and specific circumstances of your business. Which may be location, features, and size. Also, it should be close to the infrastructure, major suppliers, or customers. You also need to take into consideration the extra space to construct more rooms if your business is in expansion mode.
Investment purpose
Those looking for buying property for investment purpose are likely to give more focus on the possible return to be earned on the property. Your consideration should include – the property being vacant or tenanted. If you want to rent it, then consider the stability of lease, how much you can rent for the property, chances of increasing rent rates etc. For the recommendation, you should purchase villas in Gurgaon for sale.
The city being proxy to national capital predicts opportunity for higher resale values in the coming of time. According to the news published on May 27, 2013, Haryana chief minister Bhupinder Singh Hooda has made a staggering 54,000 acres of land available for residential, commercial and industrial use. He also notified the successive master plan for Gurgaon in span of six years. If you invest in the city, it will bring you to have greater values in upcoming time.
Property for different business purposes-
Building office
Commercial Property in Shona Road of Gurgaon is perfect location for building multi-story towers. It is the industry hub location and will come to meet all your business demands. Many top business professionals are buying property here to build their own office.
Retail
A different category of business covering wide range of properties is Retail. For this purpose you may require major shopping centers through to strip shop. Commercial Property in Gurgaon suits best for this objective.
Industrial
Your business category may also include warehouses, factories, depots, business parks etc. As for this requirement, the city of Gurgaon is right location to own property. Primary factor regarding Commercial Property in Shona Road is that privately owned infrastructure such as ports, waste, management facilities, and road infrastructure can come to your range. Be it near the NH8 also evaluates the demand of property here.
Of course, with the coming government project, buying property in Gurgaon for commercial or industrial purposes has become an area of great concern. There is boon in selling and purchasing property in the city.
Source of Article: http://goarticles.com/article/Gurgaon-Perfect-City-to-Buy-Residential-and-Commercial-Property/7786516/
Author Bio: This Article is written by Mr. Vipul he is dealing in Residential and Commercial Property in Shona Road, Gurgaon for a long time. He is sharing his great experience in apartments, villas and flats in Gurgaon which all are affordable. To know about upcoming projects visit at http://www.vipulgroup.in/Lavanya-Apartments-Gurgaon