Know What Important Questions Home Buyers Must Ask Their Real Estate Developer

There are many important issues that a buyer of a flat from a builder needs to look into before making the actual investment. There are many types of risks that are involved in buying a property. Some of the risks are choosing the right builder and making sure he is the actual owner of the land. It is important to look into all the factors as it is the investment of a lifetime that you would be making.

What is the land use?

It is advisable to check the land use of the property on which the project is being developed. One can have a look at the license as it states what the land is used for. It means whether it is used for developing commercial or residential property, plots or floors, and so on.

Is the land acquisition completed?

It has been observed that many a times, developers start selling apartments even before land acquisition is done. It may so happen that some unexpected problem may come up due to which acquisition might not be completed. It may also be the case like this that the developer might have managed to buy 80% of the land he needs but get entangled in an argument over the remaining 20%. The situation may turn out like this that if in one tower in which your apartment was to be planned and developed, on the disputed 20%, you might really face a troubling situation.

Know whether the developer has legal title?

It is advisable that you ask the developer to show you his ownership of the land by showing you the papers. Each plot has a sole khasra number. You can ask for that number from your builder and check for yourself in whose name the plot is registered. Moreover, you could also appoint a lawyer to conduct the title search on your behalf. He could probably help you find out if there is any kind of legal dispute over the land.

Check thoroughly for all the approvals in place.

You could ask for the license from the developer which is in fact a proof of the fact that to develop the project, he has taken approval from the area's town planning authority. You must be aware that every license has an exclusive number. Moreover, developers often print the license number in their ads who have obtained the license. You could also ask the developer if he has received these approvals: water, building plan, environment and pollution, and height clearance (if the building is situated near an airport).

Many a times, when clearances have not been obtained, then the realtor might make optimistic projections that he will get them within, say, six months. According to a Director of the Gurgaon-based realty consultancy, the fact is that any delay in getting clearances is one of the main reason of project delays.

Get to know what the terms of the application form are

You must pay utmost attention to the payment plan in the application form. Take into factor whether the builder is asking for a huge part of the cost of the apartment at an early stage of construction. It is advisable you stick to a construction-linked payment plan. It has been observed that nowadays numerous developers offer plans wherein a significant lot of the cost has to be paid after possession. Generally, such plans are considered advantageous from the buyers’ point of view as they insist the developer to hand over possession as soon as possible.

Reviews on How RBI's Repo Rate Hike has Hit Infra Developers Sentiments

Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.

"There was no need to increase the repo rate at this juncture. It will hurt the growth sentiment further," DLF Chief Financial Officer (CFO) Ashok Tyagi told PTI.

Asked about impact on real estate, Tyagi said the overall sentiment would remain cautious, but he believed that good products from credible developers on good locations would always have a demand.

RBI raised the short-term policy rate by 0.25 per cent to keep "worrisome" inflation under check, a move that may increase EMIs for home and auto loans in the medium term.
 "It is highly disappointing to see such a signal from RBI. Though increasing Repo by 25 bps (0.25 per cent) may curb inflation marginally or may hold Rupee for a while, it is going to impact market sentiments significantly".
The RBI had a golden chance to bring positivity in an otherwise sluggish economy, but this increase in rates would affect growth prospects, he added.

"It is not a good signal for the industry which is about to enter the festive season. Banks have already started raising their rates," Jain said.

Housing demand generally goes up during the festival season and developers major part of sales take place during this period.

Global property consultant Jones Lang LaSalle India Chairman and Country Head Anuj Puri said the hike in repo rate would lead to increase in developers' finance cost and affect their profit margin.

"In the current monetary policy, RBI has increased the repo rate by 25 bps, which will increase the borrowing cost. However, with reduction of MSF by 75 bps (0.75 per cent) and reduction of minimum daily maintenance of CRR from 99 per cent to 95 per cent, it has relaxed tightening norms," Puri said.

Increase in finance cost along with rising cost of construction and the already challenging economic scenario is expected to affect profit margins of developers, he added.

"While the real estate industry has reason to be somewhat disappointed on the increase in borrowing cost, RBI has made provisions for increased liquidity in the system," he said.

Terming RBI's decision as "unexpected", Griha Pravesh Buildteck CMD Abhay Kumar said the move would disappoint the banking industry and consumers who are struggling under the burden of high Equated Monthly Installments (EMIs).

"It would also dampen sentiments ahead of the peak festival season, when developers expect the demand for houses to go up. This is going to hurt both buyers as well as the developers," Kumar said.

Source: economictimes.indiatimes.com/markets/real-estate

Dreamz reviews- Strong regulaion on overseas property buy, may boast Indian Infra

The country’s real estate market may get a boost following the central bank’s restrictions on Indians investing in properties abroad.
Rich individuals typically with Rs.10-15 crore set aside for property investments abroad have already begun enquiring about real estate opportunities in India, say property consultants.
To protect the falling value of the rupee, the Reserve Bank of India (RBI) on Wednesday announced measures aimed at moderating capital outflows, following which individuals cannot buy properties abroad under the Liberalised Remittance Scheme (LRS).

Moreover, the limit for remittances by resident individuals under LRS has been lowered from $200,000 to $75,000 in a fiscal year. In February 2004, RBI under LRS allowed Indians to invest abroad with an initial limit of $50,000, which was raised to $200,000 in September 2007.
“Individuals who were planning to buy international real estate at attractive valuations and planning for their kids’ education and housing abroad will now see such plans challenged,” said Om Ahuja, chief executive officer, residential services, at Jones Lang LaSalle India, a real estate consultancy.
“The investors have already started talking about their change in investment plans,” saidAnuj Nagpal, managing director, investor services, DTZ India, a real estate consultancy.

“This is likely to give some boost to the real estate demand in the country, especially in the premium and luxury segment as these investors are majorly (for) high net worth individuals,” he said.
In recent times, there has been a surge in Indians buying properties in countries such as Dubai, Singapore, Malaysia and the suburbs of London. Indians occupied 2% of new residential buildings in London in 2012, a growth of 0.9% from 2011, according to real estate consultancy Knight Frank.

“The investment split for all overseas buyers is 65% for investment, 33% for education, 2% for a second home. For Indians, second homes may be closer to 5% and (they) had spent an average £1.5 million per unit in the prime market in 2012,” Liam Bailey, global head of residential research at Knight Frank, said in an interview on 17 March.

Investments in overseas markets typically fetch a rental yield of 5-7%, more than the prevailing 1-3% yield in India, according to industry experts.







“The major impact of this policy change could largely be realized in three main asset classes within real estate—serviced apartments, retail and semi-luxury residential in tier 1 cities. The market for all these segments has been subdued for a while and this could be a positive trigger,” said Samir Jasuja, founder and chief executive of PropEquity, a real estate research firm.

Some investors have already started making alternative plans and there will be more demand for assets in residential and commercial properties across geographies within India, say experts.
“Investors would look for places where they get maximum rental yields. Bangalore, Hyderabad and Chennai markets are reasonably priced and would be preferred to Mumbai and Delhi, where the yields are a meagre 2%. Hyderabad residential properties have a yield of 4%,” said Ahuja.
Anand Moorthy, head of real estate services at RBS Financial Services (India) Pvt. Ltd, believes people with Rs.5 crore or more set aside for investments would prefer high rent yielding commercial assets over residential properties.
“Prime residential markets have not had much capital gains in the recent years. So there will be shift in preference for other asset classes. Demand for pre-leased assets such as IT (information technology) parks, warehouses, etc., with a yield of 7-8% is going to increase,” he said.


Source: realtyfact.com/curb-on-overseas-property-buy-may-boost-indian-realty-market/

Remodeling of kitchen - A New Technology By Dreamz Infra

Kitchen remodeling and designing needs good planning and patience.  It includes taking a few decisions that will help one to make them comfortable while cooking.  If one uses the kitchen fully, then they will need a scheme which includes larger cabinets for groceries, cutlery and crockery. For better maneuvering around the kitchen and doing the actually eating, all the kitchen utensils should be placed strategically.

 More Designs for Height adjustable kitchen Click here

“L” shaped kitchens provide more work space and storage area, walking distance is minimized and corners of the kitchen can serve as the dining area.

“U” shaped kitchens on the other hand have the most work space and storage area, and less floor area.  If one is having good sturdy and spacious kitchen cabinets, then they could simply freshen up there look with a coat of paint or may be with new cabinet doors.

They should start by choosing the right colour for their kitchen cabinets; the key is to stick to one colour theme.  A predominantly neutral kitchen would also have a few splashes or colors in the form of new cabinets or new model appliances.

One can opt wooden flooring for homier and warmer feel, or they can completely get custom ceramic tiles for practical and functional kitchen flooring and counter-top.

Dreamz Infra has also accustomed this custom kitchen design for the flats, considering Indian women and their age old trouble while cooking. Back pain for the same is not a new trouble which they have been acquainted all long.

Considering all the facts and a need to change the conventional kitchen design, Dreamz Infra has incorporated Height Adjustable kitchen floor technology. Were the kitchen floor would have height adjustable mechanism for easy kitchen top access and taking the cooking experience to all new level.

Height Adjustable Kitchens By Dreamz Infra

 More Designs for Height adjustable kitchen from Dreamz Infra Click here

Reviews – To Inspire, Cherish & Learn

With the advent of user friendly technology and readily adaptable apps, social media has managed to buzz the minds of all its associated members in the rhythm of tweets, likes, shares & comments. Such dedicated we are, that instead of walking down to the neighborhood “sabzi mandi” (Indian for vegetable market), we prefer to feel the “tenderness of cabbage leaves & citruses” online…..After all, the satisfaction of paying some extra tips to the delivery boy at the end of the day adds an extra bit to our pursuit of Western lifestyle.

We break open the sealed parcel…..and Wham!! One apple is holed black inside…… The guilt sense of making an impractical purchase might or might not set in, but what definitely flashes across mind is, “Damn!! Should have glanced down the reviews thoroughly….. From next time will opt for the other grocery portal, it has higher fan following………………”. The popularity of the genre “reviews”, irrespective of being ‘good’, ‘bad’, ‘useful’, ‘meaningless’ does not really require a special mention, but the craze of double clicking the negative tones surpasses that of the positive reviews by a quite high percentage…. Even if the ratio is ‘1:9’.

How often have we questioned our instinct of digging up scathing comments? Keep at bay the poor performing businesses….For reputable entrepreneurs too, we relish bits of anguishing remarks amidst forests of praise, much alike the tamarind candies tickling our taste buds after a full course meal. Perhaps this reader notion instigates a commenter to upload reviews with exaggerated disappointment, or simply baseless abuses to lure exclamatory attention, which might be distantly or nowhere related to his or her real experience.

May be now it is the right time to bring into picture the online players.... Enter: Website Fraudulence, Phishing, Spam & Scam. Their virulence have blessed the fake online profiles with the power of uploading awful remarks that are brain-washers enough to sow a seed of doubt amidst the already-convinced soil of trust. Result? …. Customers & employees losing faith. Well this is something almost every flourishing firm has faced. The wrath of rumored allegations have victimized global performers, be it an iconic figure or successful domain representatives like Apple, Samsung and Nokia. Nevertheless, if these all-rounders would have closed down their shutters under the threat of being nipped in the budding stage, the world would have regretted few of the most remarkable technology blossoms of the era.

A hardcore believer of hype-less perseverance, Dreamz Infra Pvt. Ltd. has already started getting weathered against similar experiences, within its short-spanned journey across real-estate topographies within 2 years of its inception. Although we have been fortunate enough to preserve and cherish the supportive feedbacks from majority of our client family, each of the milestones paving our success has been randomly seasoned with maligning spices. Disheartening, discouraging and disturbing…….though these remarks are, negligible misconception is what they have managed to create around out strong foundation ethics.

Googling across our review platforms (Dreamz Infra Reviews, DreamzGK Infra Reviews) we have consistently been keen to gather a note on customer opinions, and recent days saw us encounters with weirdly expressed feedback's from faulty profiles. A neutral path of reaction was what we preliminarily chose to maintain decency of online activities, and respect the authenticity of other genuine reviews. At present too, we are toiling hard to absorb lessons and inspiration available from the reviews, to maximize the scope of our improvement. We believe in celebrating our self-advertising excellence rather silently than marketing gimmicks, and our strategy will surely attribute to substantiating the falseness of the short-lived allegations.

Few more years down the line, we hope to sail the flourishing clouds, and leave behind the black-marks nibbling our nascent reputation.

Area wise Flat Rates in Bangalore: Compare & Review before Buying

When it comes to making a money deal, comparisons are inevitable and logical as well. Here is a crisp ‘on-your-fingertips’ report, which is efficient enough to equip you comparable knowledge of real estate domain, in just a glance!

Area	Price Range in Rupees		Avg per sqft
	Min per sqft	Max per Sqft
Banashankari	5,380	8,150	6,765
Banasavadi	3,500	4,600	4,050
Bannerghatta Road	4,000	4,300	4,150
Basavanagudi	7,100	15,750	11,425
Begur Road-Bommanahalli	2,000	6,500	4,250
Bellandur	4,350	4,850	4,600
Bommanahalli	3,400	4,350	3,875
CV Raman Nagar	4,400	4,850	4,625
Chandapura	2,700	3,117	2,909
Cox Town	5,700	7,000	6,350
Devanahalli	3,150	4,500	3,825
Doddaballapur	3,000	3,500	3,250
Doddaballapur Road	3,900	4,300	4,100
Domlur	5,600	6,900	6,250
Electronic City	4,100	7,500	5,800
Frazer Town	7,100	8,200	7,650
HBR Layout	3,510	4,650	4,080
HSR Layout	5,900	9,500	7,700
Hebbal	4,500	5,500	5,000
Hebbal Kempapura	2,700	4,100	3,400
Hennur Main Road	4,250	4,550	4400
Hormavu	3,250	3,550	3400
Hosa Road	3,410	3,750	3580
Hosur Road	3,200	4,600	3900
ITPL	5,700	9,500	7600
Indira Nagar	8,000	9,200	8600
J P Nagar Phase - 8	2,900	3,600	3250
JP Nagar Phase 7	4,900	5,700	5300
Jalahalli Cross	3,900	4,500	4200
K R Puram	3,250	3,550	3400
Kadugodi	3,250	3,650	3450
Kammanahalli	3,900	4,800	4350
Kengeri	2,900	3,250	3075
Koramangala	7,100	9,400	8250
Kumaraswamy Layout	3,500	4,100	3800
Kundalahalli	3,600	3,750	3675
Magadi Road	5,000	5,850	5425
Mahadevpura	4,500	5,100	4800
Malleswaram	9,021	9,900	9460.5
Marathahalli	3,900	4,250	4075
Mathikere	3,700	4,200	3950
Mysore Road	3,860	4,200	4030
Nagarbhavi	3,200	3,900	3550
Nagawara	3,800	4,500	4150
New Tippasandra	3,900	4,300	4100
Old Airport Rd	4,500	5,100	4800
Padmanaba Nagar	3,600	5,365	4482.5
Sarjapur Road	4,530	5,200	4865
Uttarahalli	3,200	3,500	3350
Vidyaranyapura	2,900	3,500	3200
Whitefield	4,400	4,600	4500
Yelahanka	3,900	4,500	4200

Financial parameter, in this dwindling economy, perhaps is the most preferred way to shortlist your comparisons. Hope this brief listing turns out helpful to save the realty bang on your on bucks. However, this information is subjected to periodical variations depending on economic fluctuations; hence data accuracy cannot be guaranteed. Builder reputation is also a matter of concern, amidst various builders with varied stature, consumers get perplexed over selecting the right one.