Archive for September, 2010
Greater Noida: An Emerging Real Estate Destination
With its metro extensions expressways wider highways and availability of land parcels Greater Noida promises to be the emerging residential destination in the National Capital Region NCR. About 26.5 million sq ft of housing supply is projected to come up in Greater Noida by 200910.
The Taj Expressway now open to traffic has brought in higher enduser demand for housing. After rising consistently for three years from 2003 to mid2006 the Greater Noida property market is stable now. The days when prices doubled every year are long gone. Prices are quite high and investors many of them having made substantial gains are heading for the exit. Another reason is that with property rates having risen quite high investors are heading for other cheaper destinations such as the Nahar Paar area of Faridabad.
The Greater Noida Authority is revamping the civic amenities and other infrastructural facilities. Much awaited projects like the international airport at Jewar and 160km long NoidaAgra Taj Expressway will help in the fasttrack growth of the Greater Noida.
Level of occupancy in higherend housing projects in Greater Noida is recorded at around 2030 as for HNIs High Networth Individuals who buy property in Greater Noida is just for the purpose of investment. Furthermore due to lack of basic civic amenities the enduser segment is not ready to shift in these projects. One of important factors responsible for the low occupancy in many of Greater Noidas sectors is the absence of public transport. At present only those who can afford private vehicles live in Greater Noida.
Most builders are developing premium residential and retail projects in anticipation of the NoidaGreater Noida zone emerging as an ITITES hub. These real estate projects in Greater Noida are targeted at higherlevel executives from the ITITES industry. However as far as long term prospects of Greater Noida are concerned the township is very wellplanned and offers clean air and a lot of greenery.
For more details on Greater Noida Properties log on to magicbricks.com
About the writer: George Gonigal provides you the best and latest information on Bangalore Properties If you want to Buy Apartments in Chennai he suggests you log on to magicbricks.com
Going Green: What Is LEEDs?
An Overview of LEED Compliance
Leadership in Energy and Environmental Design LEED is an internationally recognized certification system developed by the U.S. Green Building Council USGBC to designate buildings which are notable for stewardship of our resources and for sensitivity to the structures impacts. It is a voluntary program that measures how well a building or community performs in the following key areas:
the choice of sustainable sites and managing the site during construction. Development on previously undeveloped land is discouraged. The goals are to minimize a buildings impact on ecosystems and waterways; to encourage regionally appropriate landscaping; to reward smart transportation choices; to control storm water runoff; and to reduce erosion light pollution the heat island effect as well as constructionrelated pollution.
water efficiency. Since buildings are major users of our potable water supply the aim is to encourage smarter use of water inside and out. This is typically achieved through more efficient appliances fixtures and fittings inside and waterwise landscaping outside.
energy and atmosphere. The U.S. Department of Energy has determined that buildings use 39 of the energy and 74 of the electricity produced each year in the U.S. This category encourages such strategies as commissioning; energy use monitoring; efficient design and construction; efficient appliances systems and lighting; and the use of renewable and clean sources of energy generated onsite or offsite.
materials and resources. Buildings generate a lot of waste and also use a large amount of materials and resources both during construction and when operational. The objective of this category is to promote the selection of sustainably grown harvested produced and transported products and materials. It promotes the reduction of waste as well as reuse and recycling and it takes into account the reduction of waste at a products source.
indoor environmental quality. According to the U.S. Environmental Protection Agency Americans spend approximately 90 of their day indoors where the air quality can be significantly worse than outside. This category promotes strategies that can improve indoor air as well as providing access to natural daylight and views and encouraging ways of improving acoustics.
The Green Building Certification Institute GBCIan independent organization administers LEED certification for all commercial and institutional projects registered under any LEED Rating System. It assures that LEED buildings are constructed and operated as intended and it includes a network of ISOcompliant international certifying bodies that ensure the consistency capacity and integrity of the LEED certification process.
LEED points for Commercial Interiors are awarded on a 100point scale with credits weighted to reflect their potential environmental impacts in the categories listed previously. There are also 10 bonus points available with 6 of these for innovation in design and 4 that address regionally specific environmental issues. To be certified a building must earn at least 40 points. For 50 points it is rated Silver while for 60 points it is certified Gold. The highest rating of Platinum is attained by scoring 80 or more points.
To learn more about the process to achieve LEED certification go to www.usgbc.org. Since it is vital that planning for inclusion of green building practices begin at the inception of the project the website provides a resource for connecting with LEED Accredited Professionals as well as detailing reference guides and templates for submitting the required documentation.
About the writer: Craig Higdon has over 14 years experience in financing commercial loans small business loans construction loans and land loans. He owns Excelsion Mortgage a commercial mortgage brokerage offering real estate investors a wide range of resources to help them in their investment activities.
Getting Legal With Your Realtor
When it comes time to purchase a home it is easy to get swept away by the excitement. This is particularly true if this is your first time purchasing a home which is always a thrilling moment.
While you may be anxious to close the deal and to finally move into your dream home there are many legal issues you to contend with before you finalize your purchase. With the help of a Realtor guiding you through the process however you can be certain that you will be properly informed and protected when making your new home purchase.
Getting a Realtor for You
One of the first things you need to realize is that not all real estate agents are looking out for your best interest. In fact if the agent represents the person that is selling the home that agent is looking out for that person’s best interest instead. For this reason it is a good idea to have your own Realtor that will make sure you are completing the proper steps during your home buying experience.
Negotiating a Deal
While it is possible to enter into negotiations with the seller without the help of a Realtor having one of these professionals on your side can make the process smoother. Remember the Realtor has a great deal of experience when it comes to negotiations so it is in your best interest to put these skills to use.
In addition to negotiating the price of the property the Realtor can also negotiate factors such as:
The type of financing terms used to purchase the home
When you can take possession of the home
What repairs will and will not be made to the home before closing the deal
What furnishings or equipment will be left in the home and included in the negotiated price
After these negotiations are complete a purchase agreement can be created and you can move on to the next step of the buying process.
Getting Inspected
Before your deal is finalized you will also need to have the home inspected. Although the lender will require an appraisal of the home to be completed this is not the same as an inspection. An inspection will tell you about any current problems or potential problems the property faces. If the inspection determines that there are problems with the property your Realtor may need to return to the negotiations in order to determine who will pay for the necessary repairs.
Although your Realtor does not complete the inspection he or she can recommend a reputable inspector that will truly look out for your best interest. In addition the Realtor may work closely with the inspector in order to make sure all information regarding the property is accurate and complete.
Once you are satisfied with the condition of the home and the terms of your purchase agreement you can notify your Realtor that you are ready to move forward with the purchasing process. With financing approved and in place it won’t take long before you are ready to move into your new home!
About the writer: Eric Bramlett is the broker coowner of One Source Realty in Austin Texas. Eric currently manages his Austin TX Realtor website his Lakeway real estate company’s website his Steiner Ranch Realtor website.
