Haryana government to auction part of Global City land, registration closes on December 13

Nov 15,2017 / By Priyanka / No Comment

The Haryana state industrial and infrastructure development corporation (HSIIDC) has decided to auction 100 acres from Global City land pool.

According to HSIIDC officials, latest evaluations for the Global City project have thrown up a constraint of a little over 1,000 acres. Therefore, a portion of land measuring around 100 acres is vacant for other use. The auction will be done in parts, the Haryana government will put 20 acres adjacent to Dwarka Expressway on the block, in the first round to test the market and will then plan the following auctions accordingly.

Registrations of land for the first round of have been opened and the last date of registration is December 13, 2017. The details and procedure for the registration are available on the HSIIDC portal.

Originally, 1,383 acres were acquired for the Global City project which has faced multiple hurdles. The project is yet to be launched. The Manohar Lal Khattar government is keen on launching the project at the earliest.

According to Manoj Pal Singh, additional general manager, HSIIDC and head of the Global City project at HSIIDC, the land comes under mixed-use development and is also applicable for benefits under the transit-oriented development (TOD) policy.

Since it just adjoining the expressway, which is being developed as a national highway, the government hopes the auction will fetch it a good price.

According to sources at the corporation, the land value should be not less than Rs 100 crore going by the prevailing rate of Rs 5 crore per acre. If it is anything less than that, the corporation would not make any considerable margins. The auction will also bring some relief for the corporation, which has been facing financial problems lately.

Talking about the expected price Manoj Pal Singh said, “As of now, we don’t have any idea because different reports are projecting different prices. It is because of this reason that we have kept the reserve price open for the auction.”

According to sources, the HSIIDC has a huge debt of Rs 9,775 crore approximately on account of increased land compensation costs to allottees across main industrial projects. This amount is the sum of all loans taken by the corporation until May 2017 for 18 different industrial projects.

Studio Apartment or One Bedroom Apartment: Which one is a better option to rent?

Nov 9,2017 / By Priyanka / No Comment

Are you planning to rent an apartment on your own? You may be confused on whether you want to live in a one bedroom apartment or in a studio apartment. These days both types of apartments are very popular for single occupants and each one has its own pros.

Here is how to decide whether a one-bedroom apartment is better for you or a studio apartment is the best option.

Reason why you should rent a one bedroom apartment

One-bedroom apartments catch the attention of tenants who wish to have more space and multiple rooms in their apartment. You will have more room to entertain your guest in a one bedroom apartment. The extra space means that your bed and other personal belongings will not be getting in the way (and potentially disappointing you from welcoming friends over). Also, having a living room means you can have a pull-out couch so visiting family members will have a place to stay when they are in town.

Reason why you should rent a studio apartment

Individuals who rent a studio apartment enjoy paying less rent each month, which converts to significant savings year after year.

The simple floor plan of a studio makes it reasonably easy to beautify. Studios are ideal for tenants who don’t have many possessions that they need to display or keep handy in their apartment.

When everything you own is placed in the same room, it is much easier to keep track of and find what you need. Staying in studio apartment forces you to prioritize what you really need and love so you eliminate the rest.

You should decide if you need the upgrade

Thinking between renting a one-bedroom apartment or a studio apartment boils down to thinking of a one-bedroom apartment as an upgrade (since it costs more) and deciding whether the upgrade is worth to you.

As you read in the article above, one-bedroom apartments offer certain advantages in return for the higher rent, but these advantages are not helpful to every occupant.

Also, some occupants who have enough money for a one-bedroom apartment choose they would have a preference, or at least would not mind, living in a studio apartment. If this is your condition, look for a studio that offers excellent views of your city or a nearby park or lake, or in a building that offers more facilities.

How to choose the right real estate agent for you?

Nov 1,2017 / By Priyanka / No Comment

Whether you are investing in a property or selling your lifetime home, finding and choosing a real estate agent is a tough job. Rapport is all important when it comes to your real estate agent and your agent needs to be able to safeguard your financial securities.

You need someone who is reliable and listen carefully to your priorities and won’t waste time on properties that don’t fit the bill.
Most real estate agents are in business because happy customers refer them to friends, family, neighbours, and coworkers. Ask the individuals around you who they have used and ask them to recite their experiences with this real estate agent. Popular and successful agents make customer satisfaction as their number one priority. Try to find an agent who goes above and beyond his duties.

Most experts recommend five or more years’ experience—which does not mean that someone with less cannot do a good job. Make sure the real estate agent you choose is licensed by the state and does the job full-time; about half of all real estate agents are designated Realtors, which means they belong to the National Association of Realtors and agree to accept by NAR’s stringent code of ethics.

Real estate agents run real estate advertisement for two purposes. The first is to sell specific real estate. The second is to endorse the real estate agent. Go through your local community newspaper for house ads in your targeted locality. Then have a look at the websites of the agents who are advertising. These agents could be professionals in your locality. Call and check with them about their understanding and knowledge.

Real estate is a local game, and to win you need somebody who knows every nook and corner of the areas where you are looking to buy a property. The agent should be able to give you a thorough snapshot of the market in your area and surrounding areas. They should know about demographics, transport, schools and the sorts of buyers looking for homes in the area.

Inquire about what is currently available on the market in your budget range; they should be able to rattle off a few properties. Look at the agent’s track records, making sure you look at properties the agent has sold newly. Ask for the hard facts, sale prices, time on market etc.

Category : Real Estate

Haryana government to auction part of Global City land, registration closes on December 13

Studio Apartment or One Bedroom Apartment: Which one is a better option to rent?

How to choose the right real estate agent for you?